MITI in the news download images... · harmonization of standards, and ensure that all Members benefit from the AEC. We believe that the opportunities from AEC are significant. Malaysian

No. ISSN: 2180-0448“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

MITI in the news

As we celebrate the conclusion of a successful 2014, let us reflect on our achievements. We have been resilient despite the many obstacles that we have faced.

Malaysia’s economy registered a growth of 5.6% in the third quarter of 2014 supported by expansion in private sector demand, investments and exports. MITI and its agencies will continue to contribute towards promoting high-quality investments and providing more high-end job opportunities for Malaysia.

Christmas & New year message

Attracting high-quality investments, promoting innovation and commercialization, and strengthening our R&D capabilities will further elevate the competitiveness of Malaysia’s industry in the global market and help us achieve Vision 2020.

Next year will be another landmark year as Malaysia assumes the Chairmanship of ASEAN. Year 2015 will be a major milestone in ASEAN as it coincides with the realization of the ASEAN Economic Community (AEC). AEC 2015 aims to achieve the establishment of a single market and production base within ASEAN, a competitive ASEAN region, equitable economic development and

MITI Weekly Bulletin | www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


Dato’ Sri Mustapa MohamedMinister of International Trade and Industry

ONLiNe PUBLiC CONsULtatiON ON reView OF the iNDUstriaL CO-OrDiNatiON aCt (iCa), 1975 [aCt 156] aND the PrOmOtiON OF iNVestmeNts aCt (Pia) 1986

[aCt 327]

MITI is currently reviewing two pieces of legislation namely, the Industrial Coordination Act (ICA) 1975 and the Promotion of Investments Act (PIA) 1986.

This review is part of regulatory reforms being undertaken by MITI to simplify investment-related policies and improve the Government delivery system, so as to facilitate business and promote investments. MITI is one of the Government agencies that has been at the forefront in implementing online public consultation, as part of the government’s Good Regulatory Practice (GRP) policy.

Members of the public are invited to provide feedback and suggestions on the proposal to review ICA 1975 and PIA 1986. This phase of the consultation process will run from 22 December 2014 to 4 January 2015. Where relevant, the findings of the preliminary review will be used to revise and fine-tune the final legislation. All related information on ICA 1975 and PIA 1986 can be obtained through the MITI Portal.

Source: MITI, 22 December 2014

integration into the global economy. As Chair of ASEAN, we hope to strengthen the spirit of cooperation with our neighbours to overcome challenges, such as non-tariff barriers and harmonization of standards, and ensure that all Members benefit from the AEC. We believe that the opportunities from AEC are significant. Malaysian companies of all sizes, from GLCs to SMEs to the informal sector have succeeded in ASEAN. Consumers have also benefitted from more choices and more competitive products.

We must not, however rest on our laurels - 2015 will prove to be an even more challenging year. I am confident that the MITI family with the support of industry and stakeholders will work together and strive to seize the opportunities of 2015.

I would like to take this opportunity to thank MITI colleagues for a very productive 2014 and to all MWB readers, a Merry Christmas and a Happy New Year.


“DR

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rowth”

MALAYSIAConsumer Price Index (CPI) (2005=100), Nov 2014

CPI by Main Groups (2005=100), Jan 2010 - Nov 2014

95

100

105

110

115

120

125

130

JAN

FEB

MAC AP

RM

EIJU

NJU

LO

GO SEP

OKT

NO

VDI

SJA

NFE

BM

AC APR

MEI

JUN

JUL

OGO SE

PO

KTN

OV

DIS

JAN

FEB

MAC AP

RM

EIJU

NJU

LO

GO SEP

OKT

NO

VDI

SJA

NFE

BM

AC APR

MEI

JUN

JUL

OGO SE

PO

KTN

OV

DIS

JAN

FEB

MAC AP

RM

EIJU

NJU

LAU

GSE

PO

CT

2010 2011 2012 2013 2014

Alcoholic Beverages & TobaccoClothing & FootwearFurnishings, Household Equipment & Routine Household MaintenanceHealth

95

100

105

110

115

120

JAN

FEB

MAC AP

RM

EIJU

NJU

LO

GO SEP

OKT

NO

VDI

SJA

NFE

BM

AC APR

MEI

JUN

JUL

OGO SE

PO

KTN

OV

DIS

JAN

FEB

MAC AP

RM

EIJU

NJU

LO

GO SEP

OKT

NO

VDI

SJA

NFE

BM

AC APR

MEI

JUN

JUL

OGO SE

PO

KTN

OV

DIS

JAN

FEB

MAC AP

RM

EIJU

NJU

LAU

GSE

PO

CTN

OV

2010 2011 2012 2013 2014

Total Food & Non-Alcoholic Beverages Housing, Water, Electricity, Gas & Other Fuels Transport

Source: Department of Statistics, Malaysia

Nov 2013 Oct 2014 Nov 2014 % (m-o-m) % (y-o-y)

CPI 108.6 111.3 111.9 0.5 3.0

Durable Goods 97.7 95.7 95.6 -0.1 -2.1

Semi-Durable Goods 99.5 99.0 99.1 0.1 -0.4

Non-Durable Goods 111.5 115.2 116.0 0.7 4.0

Services 108.3 111.1 111.7 0.4 3.1Source: Department of Statistics, Durable Goods : such as vehicles, telephone and camera.

Semi-Durable Goods : such as clothing and textiles, glassware and recording media. Non-Durable : Goods that can be used only once.

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CPI by Main Groups (2005=100), Jan 2010 - Nov 2014 (con’t)

95

100

105

110

115

120JA

NFE

BM

AC APR

MEI

JUN

JUL

OGO SE

PO

KTN

OV

DIS

JAN

FEB

MAC AP

RM

EIJU

NJU

LO

GO SEP

OKT

NO

VDI

SJA

NFE

BM

AC APR

MEI

JUN

JUL

OGO SE

PO

KTN

OV

DIS

JAN

FEB

MAC AP

RM

EIJU

NJU

LO

GO SEP

OKT

NO

VDI

SJA

NFE

BM

AC APR

MEI

JUN

JUL

AUG

SEP

OCT

2010 2011 2012 2013 2014

Communication Recreation Services & Culture Education Restaurants & Hotels

95

100

105

110

115

120

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

Nov

2010 2011 2012 2013 2014

Food - Away From HomeFood At HomeCoffee, Tea, Cocoa & Non-Alcoholic Beverages

95

100

105

110

115

120

125

130

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

NO

V

JAN

MAC MEI

JUL

SEP

Nov

2010 2011 2012 2013 2014

Rice, Bread & Other Cereals Meat

Fish & Seafood Vegetables

CPI for Food and Non-Alcoholic Beverages (2005=100), Jan 2010 - Nov 2014

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Weightage in CPI (2005 = 100)

30%

2%

4%

23%4%1%

15%

6%

5%

1%3%

6% Food and Non-Alcoholic Beverages

Alcoholic Beverages and Tobacco

Clothing and Footwear

Housing, Water, Electricity, Gas and Other Fuels

Furnishings, Household Equipment & Routine Household Maintenance

Health

Transport

Communication

Recreation Services and Culture

Education

Restaurants and Hotels

Miscellaneous Goods and Services

Singapore31.19%

Thailand19.04%

Malaysia17.29%

Indonesia14.70%

Viet Nam10.54%

Philippines4.74%

Myanmar0.93%

Cambodia0.73%

Brunei Darussalam0.60%

Lao PDR0.23%

Other2.50%

Brunei Myanmar Cambodia Lao PDR2013 1,145.7 911.6 428.8 24.0Jan - Oct 2014 977.3 843.6 348.1 20.9

0

200

400

600

800

1,000

1,200

1,400

USD

Mill

ion

2013 Jan - Oct 2014

Total Trade 2013 : US$ 118.9 bTotal Trade Jan - Oct 2014 : US$ 100.1 b

ASEAN Trade, 2013

Malaysia’s Trade with Selected ASEAN MembersSource: ASEAN SEC

Source: ASEAN SEC

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Source: http://www.x-rates.com

Currency Comparison with Selected Countries

0.015000

0.017000

0.019000

0.021000

0.023000

0.025000

0.027000

0.029000

0.031000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

USD

1 Russian Rubble - USD

0.050000

0.055000

0.060000

0.065000

0.070000

0.075000

0.080000

0.085000

0.090000

0.095000

0.100000


MYR

1 Russian Rubble - RM

0.750

0.760

0.770

0.780

0.790

0.800

0.810


USD

1 Singapore Dollar - USD

2.5347

2.5547

2.5747

2.5947

2.6147

2.6347

2.6547


MYR

1 Singapore Dollar - RM

0.0079

0.0080

0.0081

0.0082

0.0083

0.0084

0.0085

0.0086

0.0087

0.0088


USD

100 Indonesian Rupiah - USD

0.0265

0.0270

0.0275

0.0280

0.0285

0.0290


MYR

100 Indonesian Rupiah - RM

1.58

1.60

1.62

1.64

1.66

1.68

1.70


USD

100 Indian Rupee - USD

5.2

5.3

5.3

5.4

5.4

5.5

5.5

5.6

5.6


MYR

100 Indian Rupee - RM


Source: Ministry of International Trade and Industry, Malaysia

Number and Value of Preferential Certificates of Origin (PCOs)

Number of Certificates

Value of Preferential Certificates of Origin

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009)

ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)



MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)

MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)


Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Cambodia and Kazakhstan.

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)



MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA

26 Oct 2014 736 389 181 3,970 1,219 575

2 Nov 2014 1,095 531 235 4,622 1,470 776

9 Nov 2014 832 491 291 4,800 1,407 799

16 Nov 2014 926 591 235 4,718 1,479 781

23 Nov 2014 966 503 206 4,899 1,514 930

30 Nov 2014 915 513 138 4,138 1,477 640

7 Dec 2014 919 601 755 4,749 1,664 741

14 Dec 2014 602 458 590 3,925 1,405 750

MICECA MNZFTA MCFTA MAFTA

26 Oct 2014 250 20 42 1402 Nov 2014 303 0 58 5079 Nov 2014 342 5 48 446

16 Nov 2014 329 23 82 42423 Nov 2014 316 0 80 48930 Nov 2014 253 9 59 4097 Dec 2014 274 6 89 336

14 Dec 2014 251 12 65 328

MJEPA MPCEPA GSP

26 Oct 2014 571 125 612 Nov 2014 1,054 161 1649 Nov 2014 770 174 171

16 Nov 2014 906 173 16023 Nov 2014 926 106 10030 Nov 2014 790 157 1587 Dec 2014 967 143 122

14 Dec 2014 773 151 93

26 Oct 2 Nov 9 Nov 16 Nov 23 Nov 30 Nov 7 Dec 14 DecAANZFTA 60 96 74 91 95 81 82 43AIFTA 80 84 80 93 82 112 150 99AJCEP 63 91 126 72 91 41 100 87

0

20

40

60

80

100

120

140

160

RM m

illio

n

26 Oct 2 Nov 9 Nov 16 Nov 23 Nov 30 Nov 7 Dec 14 DecATIGA 662 645 862 687 2,630 698 755 590ACFTA 604 834 449 550 621 648 927 764AKFTA 90 712 881 211 192 929 875 538

0

500

1,000

1,500

2,000

2,500

3,000

RM m

iliio

n

26 Oct 2 Nov 9 Nov 16 Nov 23 Nov 30 Nov 7 Dec 14 DecMICECA 46.44 39.98 37.69 55.46 38.94 38.97 37.51 30.00MNZFTA 0.51 0.00 0.21 0.48 0.00 0.22 0.40 0.14MCFTA 10.46 12.94 8.69 11.71 9.44 9.84 37.71 7.43MAFTA 12.67 38.90 84.91 32.38 78.68 58.87 29.20 24.05

0

10

20

30

40

50

60

70

80

90

RM

mill

ion

26 Oct 2 Nov 9 Nov 16 Nov 23 Nov 30 Nov 7 Dec 14 DecMJEPA 91 182 133 287 155 274 159 128MPCEPA 44 25 63 81 12 18 13 42GSP 10 21 36 1,003 14 19 14 16

-200

0

200

400

600

800

1,000

1,200

RM m

illio

n

2.602.702.802.903.003.103.203.303.403.50

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

2013 2014

Australian Dollar (AUD) Japanese Yen (JPY)

100 JPY = RM 2.88

1 AUD = RM 2.89

Malaysian Ringgit Exchange Rate with Australian Dollar and Japanese YenJanuary 2013 - November 2014

Source : Bank Negara Malaysia


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Source : http://www.gold.org/investments/statistics/gold_price_chart/

Gold and Silver Prices, 20 Jun - 19 Dec 2014

Aluminium, Nickel and Copper Prices, Jan 2013 - Nov 2014

Source : http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTDECPROSPECTS

40.8238.44

35

37

39

41

43

45

20

Jun

27

Jun

4 J

ul

11

Jul

18

Jul

1 A

ug

8 A

ug

15

Aug

22

Aug

29

Aug

5 S

ep

12

Sep

19

Sep

26

Sep

3 O

ct

10

Oct

17

Oct

24

Oct

31

Oct

7 N

ov

14

Nov

21

Nov

28

Nov

5 D

ec

12

Dec

19

Dec

gold/usd/gramme

19.93

15.76

14

16

18

20

22

24

20

Jun

27

Jun

4 J

ul

11

Jul

18

Jul

1 A

ug

8 A

ug

15

Aug

22

Aug

29

Aug

5 S

ept

12

Sept

19

Sept

26

Sept

3 O

ct

10

Oct

17

Oct

24

Oct

31

Oct

7 N

ov

14

Nov

21

Nov

28

Nov

5 D

ec

12

Dec

19

Dec

silver /usd/oz

Aluminium , 2,056

Copper; 6,713

Nickel; 15,807

-

5,000

10,000

15,000

20,000

25,000


2013 2014

US$/mt

Crude Petroleum (19 December 2014)

US$56.4 per bbl

Crude Palm Oil(19 December 2014)

US$669.0 per MT

Highest & Lowest Prices, 2013/2014

19 Dec 2014 domestic prices for :1. Billets (per MT) : RM1,650 - RM1,7002. Steel bars (per MT) : RM1,850 - RM1,950

Commodity Prices

Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

Source :

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CommodityCrude

Petroleum (per bbl)

Crude Palm Oil (per MT)

Raw Sugar

(per MT)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS

(per MT)19 Dec 2014

(US$) 56.4 669.0 314.8 1,486.0 2,288.1 51.7 320.0 (high)300.0 (low)

% change* 1.7 1.8 1.6 3.4 3.1 2.2 unchanged

2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6

2012i 77.7 - 109.5 1,000.4 473.8 952.5 2,128.9 .. 444.7

Lowest

(US$ per bbl)

Highest(US$ per bbl)

Highest(US$ per MT)

Lowest

(US$ per MT)2014

13 Jun 2014: 107.62013

6 Sept 2013: 110.2

201419 Dec 2014: 56.4

201319 Apr 2013: 88.1

201414 Mar 2014: 982.5

201315 Nov 2013: 925.0

201412 Dec 2014: 681.5

20134 Jan 2013: 800.0


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Commodity Price Trends

Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group

Source :

726.0

822.0

718.5

822.0

699.0

710.5748.0

732.0

720.0 716.0

700.5

681.5

669.0

600

650

700

750

800

850

26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec

US$

/mt

Crude Palm Oil

1,422.0

1,433.5

1,470.5

1,607.5

1,602.0

1,482.0

1,556.5

1,541.0

1,525.0

1,513.0

1,481.0

1,436.5

1,486.0

1300

1350

1400

1450

1500

1550

1600

1650


US$

/mt

Rubber SMR 20

2,840.9

2,674.2

2,784.4 2,800.1

2,674.3

2,559.9

2,513.62,529.0

2,3522,326.7

2,326.7

2,218.8

2,288.1

2000

2100

2200

2300

2400

2500

2600

2700

2800

2900

3000


US$

/MT

Cocoa

336.3

345.3

348.5

341.0

333.0

328.5

324.0

332.5

337.8

314.5

322.0

319.8

314.8

300

310

320

330

340

350

360


US$

/MT

Raw Sugar

91.0

83.8

83.381.0 80.9

77.9

74.4

76.768.7

66.4 59.1 58.1

56.4

50

55

60

65

70

75

80

85

90

95

26 Sep 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec

US$

/bbl

Crude Petroleum

51.4

52.8

51.8

51.3

51.6

53.3 53.3

52.0

53.0

53.1

52.8

52.8

51.7

50

51

51

52

52

53

53

54

54


US$

/mt

Coal

380.0

320.0

370.0

300.0

250

270

290

310

330

350

370

390


US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

150.5

154.6

139.9

137.4

124.0

114.8

127.2

137.1

134.2

132.6

136.3

135.8

128.1

121.4

111.8

114.6

100.6

92.7

96.1

92.6

82.4

81.0

74.0

0

20

40

60

80

100

120

140

160

180


US$

/dm

tu

Iron Ore

HYRAX OIL SDN BHDSuccess

STORY Hyrax Oil started its road to success in 1991 as a trading business supplying petroleum-based products from South Korea, specifically transformer oil products. In 2011, Hyrax Oil celebrated its 20th anniversary. The road to success was not an easy one, but with commitment, perseverance and an undying passion to succeed, Hyrax Oil is now one of the most reputable names in the industry, ranking in international levels, as an exporter to more than 40 countries. Never one to shy away from challenges, Founder and Managing Director, Dato’ Hazimah Zainuddin does not see herself as a woman working in a man’s playing field.In 1995, Hyrax Oil took a giant leap of faith by deciding to blend their products locally. Among the range of products that Hyrax Oil offers are transformer oils, automotive lubricants, marine lubricants, industrial lubricants, speciality lubricants and greases. With operations moved to where they are present today, Hyrax Oil has succeeded in increasing their export ratio to almost 70% today. Working together with big names in the industry, Hyrax Oil also does contract manufacturing for oil and gas companies and some selected international brands in Malaysia. The company has been growing at a steady rate each year. Looking beyond the Malaysian market, Hyrax Oil was early to recognise the importance and potential that lay in the export market. However the specific target markets Hyrax Oil was looking at were not easy to penetrate as most of them were third world countries.There was an initial challenge for the company, as many third world countries were not very brand conscious. Nevertheless, Hyrax Oil pursued its goal, with belief that their products will benefit clients in such countries. One good example was the company’s introduction to Petromoc – a petroleum exploration company in Mozambique.

There was an initial challenge for the company, as many third world countries were not very brand conscious. Nevertheless, Hyrax Oil pursued its goal, with belief that their products will benefit clients in such countries. One good example was the company’s introduction to Petromoc – a petroleum exploration company in Mozambique. With hard work and consistent feedback, Hyrax Oil managed to move Petromoc’s position as a supplier of lubricants from the fifth spot in the country to the number one player in the field, by introducing quality products to them. In recognition of Hyrax Oil’s high quality, excellent and distinctive products, they are one of the few recipients of the National Mark of Malaysian Brand Award. Other award accolades bagged by Hyrax Oil include the Malaysian Business Awards, the Industrial Excellence Award, Ernst & Young Woman Entrepreneur of the Year Award and the Enterprise 50 Award for being in the top ten companies of 2012.

HEAD OFFICE(Company No.228216-K)NO : A-8-1, Megan Avenue II,12, Jalan Yap Kwan Seng,50450 Kuala Lumpur,Malaysia.PHONE: (603) 2163-5893FAX: (603) 2164-6577


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Comments & Suggestions

Name : Siti Rohasikin ParjamDesignation : Administrative AssistantJob Description : Responsible to assist officers for

doing Quality Products EnhancementUnit (Groom Big) tasks

Division : Entreprenuer Development at MITIPutrajaya

Email : [email protected] No. : 03-88805117

Name : Noradilah IsmailDesignation : Administrative AssistantJob Description : Responsible to assist things for

implementation of Vendor DevelopmentProgramme (PPV), in-charge for assetsystem and logistics for division

Division : Entreprenuer Development at MITIPutrajaya

Email : [email protected] No. : 03-88805105

Dear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

~ from MWB editorial committee


“DR

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Documents

MITI in the news download images... · harmonization of standards, and ensure that all Members benefit from the AEC. We believe that the opportunities from AEC are significant. Malaysian