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MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
25 April 2017, Penang - “Malaysia has a strong manufacturing base. However, to stay competitive, our companies have no choice but to embrace intelligent production and include more Industry 4.0 elements into their operations. While we emphasise on the need to adopt new technologies and processes, the success of any industry relies heavily on human capital. We recognise the shortfalls in this area and are looking seriously into talent development. We want to ensure that our workers have the necessary skills and competencies to advance the country’s economic transformation agenda” said YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) at the Officiating Ceremony of the Penang Skills Development Centre’s (PSDC) Precision Machining & Industry 4.0 Centre of Excellence and Dialogue today.
YB Dato’ Seri Mustapa highlighted that the Government provides many incentives to encourage the transformation of the manufacturing sector. Companies in Malaysia are urged to be more responsive, more innovative and adapt to new ways of doing things. The participation and support of stakeholders such as PSDC and the industry players is crucial towards achieving the goal.
TALENT DEVELOPMENT, KEY TO MALAYSIA’S VENTURE INTO INDUSTRY 4.0
“Today, I am very happy to list PSDC as part of Malaysia’s transformation efforts, particularly in addressing the lack of knowledge and understanding on the new technologies, heavy cost of equipment investment and talent shortage. I would like to commend PSDC for taking up the challenge in preparing industries to adopt new technologies through the provision of proper training and shared services to the industry,” the Minister added. “MITI, through MIDA recognises PSDC’s role and contribution, and is proud to support the expansion through awarding a matching grant of RM4.85 million for PSDC to purchase new equipment for their workshop upgrade. We believe that this investment is both fundamental and crucial specifically to support the growth of the E&E, medical devices and aerospace ecosystems,” said YB Dato’ Sri Mustapa.
Also present was Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) and the Chairman of the PSDC Management Council, Dr. Juergen Schloesser.
During his welcoming remarks, Dr. Schloesser said, “The PSDC Precision Machining Workshop was first set up in November 1991 in response to the industry’s need for more CNC craftsmen, machinists, tool and die makers, and production technologists. Over the years, we were able to constantly upgrade our machines, thanks to the generosity and assistance from the Industry as well as capital grants from the Federal Government. Through the respective Malaysia Plans, more than RM20 million has been channeled to support PSDC’s investment in Applied Engineering machines and equipment. As a result, we were able to produce more than 5,000 machinists through our Applied Engineering courses.”
“In 2016, the PSDC embarked on its quest to be the Centre of Excellence for Industry 4.0 in Penang and Malaysia. Our key role is to bring understanding on this subject and lead the charge in preparing industries to adopt new technologies by providing the right platform for learning, training and development. Towards that objective, we started work on upgrading our labs, including the Precision Machining Workshop. With the support from MIDA, we were able to purchase 11 new machines and equipment, including the Mazak INTEGREX i-Series Multi-Tasking CNC Turn Mill 9 Axis machine worth RM1.7 million. This will enable us to expand our training capabilities to further support the requirements of the industry,” he added.
In conjunction with the officiating ceremony was a Scholarship and Donation Presentation Ceremony by the industry partners of PSDC. The nine companies donated and contributed scholarships and equipment with a total worth of more than RM2.6 million to PSDC. The companies were Inari Amertron, UWC Holdings, NI Malaysia, Sophic Automation, TechSource Systems, Mitutoyo (M), JHT Design Co Ltd, as well as DP Technology, USA and Spring Technologies, France which were represented by WCS Solutions.
Ministry of International Trade and Industry
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
5.8 5.7 5.5 5.3 5.0 5.0 4.9 4.7 4.5 4.3 4.3 4.1 4.00
2
4
6
8
NegeriSembilan
Johor Kedah &Perlis
Melaka WP KualaLumpur
PulauPinang
Selangor &WP
Putrajaya
Kelantan Perak Pahang Terengganu Sabah & WP Labuan
Sarawak
%
Inflation Rate by State, March 2017Year on Year change of Consumer Price Index (CPI)
Source : Department of Statistics, Malaysia
Malaysia5.1%
Note : The Consumer Price Index (CPI) measures the percentage change through time in the cost of purchasing a constant “basket” of goods and services representing the average pattern of purchases made by a particular population group in a specified time period.
MALAYSIA
CPI: Index Numbers for Overall and Selected Main Groups
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
CPI by Major Categories, March 2017
Food And Non-AlcoholicBeverages
Dec 2016: 128.0 y-o-y growth: 4.1%
Health
Dec 2016: 120.2 y-o-y growth: 2.6%
Housing, Water, Electricity, Gas and Other Fuels
Dec 2016: 116.0
y-o-y growth: 2.1%
Communication
Dec 2016: 97.9 y-o-y growth: -0.2%
Recreation Services and Culture
Dec 2016: 111.4 y-o-y growth: 3.0%
Restaurants & Hotel
Dec 2016: 127.5 y-o-y growth:2.3%
Clothing and Footwear
Dec 2016: 98.4 y-o-y growth: -0.2%
Education
Dec 2016: 116.6 y-o-y growth: 1.7%
Transport
Dec 2016: 119.4 y-o-y growth: 23.0%
CPI for Selected Sub-groups Food and Non Alcoholic Beverages, March 2017
Rice, bread and other cereals
Mar 2017:109.1 0.7%
Oils and FatsMar 2017:142.0
38.8%
Milk and eggMar 2017:123.3
-0.4%
Food away from home
Mar 2017:130.04.4%
MeatMar 2017:124.6
3.7%Fish & seafoodMar 2017:144.9
5.2%
VegetablesMar 2017:131.6
4.8%Note : % change year-on-year
Source : Department of Statistics, Malaysia
FruitsMar 2017:130.4
3.7%
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
6.98.0 7.4
6.45.4
7.18.1
5.5 5.5 5.2 5.7 5.7
0.9
5.6
7.7 7.7 7.6 7.1 6.3
9.5
13.0 13.512.5
8.69.5
1.1
12.5
15.7 15.113.9
12.513.4
17.618.5 18.9
17.6
14.315.2
0
5
10
15
20
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 (Jan-Feb)
RM billion
Exports Imports Total Trade
France Economic Indicators, 2016
Malaysia’s Trade with France, 2005 - Feb 2017
Major Exports, 2016/2015 Major Imports, 2016/2015
Source: IMF, World Bank, Ceicdata, WTO
International Report
Source : Department of Statistics, Malaysia
Population : 64.6 million Land area : 547,557 sq. km
GDP (current US$) : US$2,463.2 billionInflation rate : 0.18%Unemployment rate : 10.042%Global trade : US$1,074.3 billion (Rank: 5)Global exports : US$501.3 billion (Rank: 7)Global imports : US$573.0 billion (Rank: 6)
HS Code Product2015
RM mil2016
RM milChange
%
85 Electrical machinery and equipment 3,337.3 3,567.6 6.9
84 Machinery appliances 383.3 465.7 21.5
40 Rubber and articles 391.4 376.4 -3.8
88 Aircraft and spacecraft 171.6 211.7 23.3
90Optical, photographic, precision, medical apparatus
108.0 120.6 11.6
HS Code Product2015
RM mil2016
RM milChange
%
88 Aircraft and spacecraft 3,478.8 4,197.7 20.7
85Electrical machinery and equipment
858.3 882.8 2.9
84 Machinery appliances 672.2 747.6 11.222 Beverages, spirits and vinegar 683.8 705.5 3.230 Pharmaceutical products 434.4 469.6 8.1
France
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Retail e-commerce Sales CAGR Forecast in Selected Countries from 2016 to 2021
12.2
12.3
12.6
13.7
13.9
14.4
15
15.7
16.7
17.2
17.4
18.3
20.7
23.0
23.7
0 5 10 15 20 25
Saudi Arabia
Serbia
Estonia
Turkey
Argentina
Romania
South Africa
Mexico
Thailand
Viet Nam
China
Philippines
Indonesia
India
Malaysia
Compound annual growth rate
%
Source:https://www.statista.com
Malaysia
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: * Provisional data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
160
180
0
20
40
60
80
100
120
140
160
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,500
3,0005
Feb
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
0
500
1,000
1,500
2,000
2,500
3,000
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
500
1,000
1,500
2,000
2,500
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
0
50
100
150
200
250
300
350
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
20
40
60
80
100
120
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: * Provisional data Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
700
800
9005
Feb
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
10
20
30
40
50
60
70
80
90
100
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
90
0
2
4
6
8
10
12
14
16
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-China Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
20
40
60
80
100
120
140
160
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
100
200
300
400
500
600
700
5 Fe
b
12 F
eb
19 F
eb
26 F
eb
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - April 2017
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
4.34814.4072
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
USD 1 = RM
0.6615
0.6396
0.57
0.58
0.59
0.60
0.61
0.62
0.63
0.64
0.65
0.66
0.67
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
CNY 1 = RM
12.0200
12.7875
10.00
10.50
11.00
11.50
12.00
12.50
13.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
THB 100 = RM
3.6805
4.0057
3.30
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
JPY 100 = RM
3.0323
3.1521
2.75
2.80
2.85
2.90
2.95
3.00
3.05
3.10
3.15
3.20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
SGD 1 = RM
12.9926
14.5092
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
TWD 100 = RM
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: 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.
Commodity Prices
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
CRUDE PETROLEUM (BRENT)-per bbl-
28 Apr 2017 : US$51.7, 0.4%*
Average Pricei : 2016: US$45.3 2015: US$53.6
CRUDE PALM OIL-per MT-
28 Apr 2017 : US$673.0, 5.9%*Average Pricei : 2016: US$702.2 2015: US$616.9
RUBBER SMR 20-per MT-
28 Apr 2017 : US$1,589.0, 0.6%*
Average Pricei : 2016: US$1.394.5 2015: US$1.364.3
COAL -per MT-28 Apr 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9
COCOA SMC 2-per MT-
28 Apr 2017 : US$1,299.6, 2.9%*
Average Pricei : 2016: US$1,609.8 2015: US$2,077.0
SCRAP IRON HMS-per MT-
28 Apr 2017 : US$290.0 (high), 1.7% US$280.0 (low), 1.8%Average Pricei : 2016: US$243.2 2015: US$239.6
HIGHEST and LOWEST 2016/2017
Highest 6 Jan 2017 : US$57.1 30 Dec 2016 : US$56.8
Lowest
24 Mar 2017 : US$50.8
15 Jan 2016 : US$28.9
Crude Petroleum
(Brent)-per bbl-
Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5
Lowest
15 Jan 2016 : US$545.5 28 Apr 2017 : US$673.0
Crude Palm Oil -per MT-
Domestic Prices28 April 2017
Steel Bars(per MT)
RM2,020 – RM2,040
Billets(per MT)
RM1,900 – RM2,000
SUGAR -per lbs-28 Apr 2017 : US¢ 16.1, 2.3%*
Average Pricei : 2016: US¢18.2 2015: US¢13.2
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
807.0 807.0
779.5
740.5746.0
739.0746.0
725.0
691.0 693.0
715.0
673.0
600
650
700
750
800
850
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/mt
Crude Palm Oil
1,485.71,473.4
1,502.9
1,473.2
1,380.31,385.3
1,474.6
1,568.8
1,491.01,532.4
1,424.2
1,262.8
1,299.6
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
3 Feb 10 Feb 17 Feb 24 Feb 3 Mar 10 Mar17 Mar24 Mar31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/mt
Cocoa
20.420.3
19.819.5
18.018.2
17.7
16.8 16.816.6 16.5
16.1
14.0
15.0
16.0
17.0
18.0
19.0
20.0
21.0
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US¢
/lbs
Sugar
2,193.0 2,183.0
2,059.5
2,108.5
2,010.02,033.5
1,902.0
1,834.5
1,756.0
1,627.51,598.5 1,589.0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/mt
Rubber SMR 20
6,900 7,088 7,113
7,281
6,917 6,851 6,730
6,337
6,085 5,965
4,516
3,984
4,366
4,605
4,170
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2016 2017
USD
/ to
nne
Black Pepper
* until 7 April 2017
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1
43.5
43.6
43.7
43.8
43.9
44.0
44.1
44.2
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/mt
Coal
1,481
1,531
1,531
1,571 1,551
1,591
1,629 1,641
1,589
1,663
1,737 1,728
1,790
1,861
1,901
1,400
1,500
1,600
1,700
1,800
1,900
2,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2016 2017
US$
/ to
nne
Aluminium
4,472 4,599
4,954 4,873
4,695 4,633
4,865 4,759 4,716
4,726
5,451
5,660 5,743
5,941 5,825
4,000
4,500
5,000
5,500
6,000
6,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2016 2017
US$
/ to
nne
Copper
8,507 8,299
8,717 8,879
8,660
8,906
10,263
10,366
10,176
10,251
11,129 10,972
9,975
10,643
10,205
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2016 2017
US$
/ to
nne
Nickel
53.953.4
54.053.3
48.5 48.848.0
50.6
52.2
53.2
49.6 49.3
56.7
55.8 56.0 55.9
51.451.8
50.8
52.8
55.255.9
52.0 51.7
40
42
44
46
48
50
52
54
56
58
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
Commodity Price Trends
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Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
995.0
1,012.0
1,029.0
989.0
944.0
954.0
967.0
942.0
969.0
977.0981.0
948.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
1,040.0
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/oz
Platinum
320.0 320.0 320.0
310.0 310.0
320.0
330.0 330.0
300.0 300.0
295.0
290.0
290.0 290.0 290.0 290.0 290.0
310.0 310.0 310.0
290.0 290.0
275.0
280.0
250
260
270
280
290
300
310
320
330
340
3 Feb 13 Feb 17 Feb 26 Feb 3 Mar 13 Mar 17 Mar 24 Mar 31 Mar 14 Apr 21 Apr 28 Apr
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
42.0
47.0
56.0
61.0
55.052.0
57.0
61.058.0 59.0
73.0
80.0 80.0
89.0 88.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2016 2017
US$
/dm
tu
Iron Ore
17.7
18.0
18.4
17.8
17.1
17.3
17.6
18.2
18.4
18.6
17.9
17.3
16.0
16.5
17.0
17.5
18.0
18.5
19.0
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr
US$
/oz
Silver
39.5
39.9
40.3
39.4
38.7
39.5
40.1 40.0
40.7
41.3 41.2
40.7
37.0
37.5
38.0
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 30 Mar 6 Apr 13 Apr 20 Apr 27 Apr
US$
/oz
Gold
Commodity Price Trends
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SEMICON Southeast Asia 2015 Opening Ceremony by YB Dato’ Sri Mustapa MohamedMinister International Trade & Industry (MITI), 25 April 2017
MITI Programme
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ASEAN Leaders’ Summit 201729 April 2017, Manila
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Announcement
Safe Online Banking Practices by Bank Negara Malaysia
You may click on https://www.youtube.com/watch?v=AIMfG9rcmO8&feature=youtu.be to view the video which provides tips on staying safe while doing online banking.
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Of Technical Terms
NTBsNon-Tariff Barrier - refer to restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and/or costly. NTBs also include unjustified and/or improper application of Non-Tariff Measures (NTMs) such as sanitary and phytosanitary (SPS) measures and other technical barriers to Trade (TBT). NTBs arise from different measures taken by governments and authorities in the form of government laws, regulations, policies, conditions, restrictions or specific requirements, and private sector business practices, or prohibitions that protect the domestic industries from foreign competition.
NTMsNon-Tariff Measures - in general, this term is used to identify any measure which is not based on tariff and is applied in order to protect domestic industries. Many non-tariff measures originated from legitimate purposes, for example, human health protection, and are applied in accordance with WTO rules. Agreements such as the Agreement on Sanitary and Phytosanitary Measures (SPS) and the Agreement on Technical Barriers to Trade (TBT) allow governments to practice legal benefit protection measures while minimizing obstacles to trade and avoiding the application of “disguised protectionism”.
Examples of NTMs:Sanitary and Phytosanitary Measures:Measures that are applied to protect human or animal life from risks arising from: additives, contaminants, toxins or disease-causing organisms in food.• Geographical restrictions on eligibility: Imports of dairy products from countries.
Non-Tariff BarrierGovernment law, regulation, policy, condition, restriction, or specific requirement, and private sector business practice or prohibition, that protects a domestic industry from foreign competition.
Non-Ad Valorem Tariff (Non-AVE)Non-ad valorem duty refers to either specific duties, compound duties or mixed duties.
National TreatmentIs a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a state grants a particular right, benefit or privilege to its own citizens, it must also grant those advantages to the citizens of other states while they are in that country. In the context of international agreements, a state must provide equal treatment to those citizens of other states that are participating in the agreement. Imported and locally-produced goods should be treated equally — at least after the foreign goods have entered the market.
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New AppointmentName: Daniel Yap En Juan
Designation: Second Secretary (Economy) MITI Office Bangkok, Thailand
Effective Date: 02 May 2017Email: [email protected]
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