“DRIVING Transformation, POWERING Growth”
World Bank Ranks Malaysia 18th in the World in “Doing Business Report 2016”
MITI in the News
Malaysia’s prudent, pragmatic and pro-business policies and processes yet again withstood the test of resilience as the nation ramps up efforts to achieve high-income status within the next five years.
The World Bank’s Doing Business Report 2016 (DB 2016), released today, saw Malaysia being ranked at 18th position out of the 189 economies. Malaysia remains in the top 20 economies in the world even as the country battles headwinds from global economic volatilities. In placing Malaysia among the top 20 economies in the world with the most business-friendly regulations, the World Bank acknowledged the country’s significant improvements in regulatory processes.
The DB 2016 ranked Malaysia ahead of economies such as Switzerland (26th), France (27th), Netherlands (28th), Japan (34th), United Arab Emirates (31st), Thailand (49th), China (84th) and India (130th). Within ASEAN, Malaysia was ranked second, behind Singapore. The World Bank’s DB 2016 ranking comes on the heels of the recently released World Economic Forum’s Global Competitiveness Report, which had ranked Malaysia 18th among the 140 economies that were surveyed.
International Trade and Industry Minister Dato’ Sri Mustapa Mohamed welcomed the DB 2016 Report. “It’s yet another affirmation of the efficacy of the Government’s efforts to resolve operational inefficiencies and review procedures and regulations under the Government Transformation Programme and the Economic Transformation Programme,” he said. The Minister added that the high ranking accorded Malaysia was also a testament to the work of PEMUDAH, the joint public-private sector Special Task Force to Facilitate Business. “The fertile eco-system that helps nurture our economic expansion can be directly traced to the strong public-private partnership exemplified by PEMUDAH. This close collaboration at the most senior levels of the Government and the private sector enables both sides to highlight blockages in the system and align policies and procedures accordingly,” Dato’ Sri Mustapa said.
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“DRIVING Transformation, POWERING Growth”
Using a measurement that focuses on the quality and efficiency of regulations, the DB 2016 Report gave Malaysia a score of 79.13 out of 100 in what it terms the “distance to frontier” (DTF). The DTF score captures the gap between an economy’s performance and a measure of best practices across 36 sub-indicators of quality and efficiency, where 100 is the frontier and 0 is the furthest from the frontier. Malaysia’s score of 79.13 in the latest report is an improvement from the revised DTF score of 79.08 in DB 2015. Malaysia recorded the highest DTF score in the “Starting a Business” indicator, with 95.34. For the other nine indicators covered in the report, Malaysia’s DTF scores are: Dealing with Construction Permits (81.10), Getting Electricity (90.05), Registering Property (76.32), Getting Credit (70.00), Protecting Minority Investors (78.33), Paying Taxes (84.31), Enforcing Contracts (66.61), Trading Across Borders (86.74) and Resolving Insolvency (62.49).
The Report recognised Tenaga Nasional Brhad’s initiative to set up a web page with a bill calculator, making it easier for customers to estimate their future electricity costs based on the voltage level and subscribed capacity of their connection and their estimated monthly consumption during peak and off-peak periods. The World Bank cited this effort as “exemplary” that can be emulated by other economies. The World Bank also noted that Malaysia had reduced taxes other than profit and labour taxes - such as the property tax rate from 12% to 10% of the annual rental value for commercial properties for 2014. In addition, Malaysia was acknowledged for its initiatives in enhancing electronic services by making it compulsory for employers with 50 or more employees to contribute to the Employees Provident Fund (EPF) using the e-filing system. Malaysia was also credited for making tax payment easier and less costly for companies by making e-filing mandatory.
For the indicators and sub-indicators, Malaysia has improved in the following:
Source : Ministry of International Trade and Industry, 28 October 2015
Dato’ Sri Mustapa said that moving forward, PEMUDAH will continue to collaborate with the International Finance Corporation (IFC) of the World Bank to examine the target areas for improvement. “The relatively high rankings accorded to Malaysia by the World Bank and WEF are encouraging. But as we compete for a larger slice of investments in the highly complex global economy, Malaysia has to keep upping our game,” he said.
Starting a Business
• DTF score improved to 95.34 from 95.28 previously.
• Cost (% of income per capita) reduced to 6.7% from7.2% previously.
Dealing with Construction Permits
• DTF score improved to 81.1 from 81.07 previously.
Paying Taxes
• DTF score improved to 84.31 from 83.87 previously; and
• Time (hours per year) reduced to 118 hours from 133 hours previously.
Resolving Insolvency
• DTF score improved to 62.49 from 62.48 previously.
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
4.7 4.8
3.3
6.9
9.2
2.5 2.
8
5.3
5.0 5.
3
3.4
3.1
4.4
5.9
4.4
6.5
4.2
5.0
8.4
5.3
7.6
3.1
3.9
8.0
4.6 5.
1
5.0
4.3
6.7
6.0
0
2
4
6
8
10
12
14
Growth (%)
2013 2014
Gross Domestic Product by State, 2014
Source : Department of Statistics, Malaysia
Annual GDP Growth by State, 2013 - 2014
MALAYSIA
Malaysia GDP2013: RM955.3b2014: RM1,012.5b
Malaysia Real GDP Growth2013: 4.7%2014: 6.0%
RM27.3b
RM19.2b
RM24.3b
RM65.8b
RM43.5b
RM35.4b
RM226.8b
RM94.1b
RM102.3b
RM5.1bRM65.8b
RM54.7b
RM152.9b
RM5.1b
RM30.4b
*
Note : * Includes WP Putrajaya
Note : * Includes WP Putrajaya
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
9.11.7
0.3
3.0 3.7
1.0
60.9
0.2 2.5 3.9
13.10.2
9.6
2.1
1.1 2.3
3.0
3.3
5.3
4.4
0.6
31.7
2.9 6.6 8.1
18.7
0.3
4.1
0.1 0.40.3
15.7 25.2
9.0
15.1
5.35.4
3.1
4.1 12.1
1.5
10.4
1.44.7
3.2
19.214.3
0.2
9.2
12.2
4.1
0.5
5.3
6.9
4.2
12.6
3.9
0.2
28.5
4.3
2.512.5
1.80.4
23.0
8.23.4 2.3 2.6
3.0 3.96.1 6.1
0.6 25.0 2.65.1 6.2
24.60.6
53.5
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Import Duties Construction Mining andQuarrying
Agriculture Manufacturing Services
Percentage Share of Economic Activity by State, 2014
Percentage Share by Major State, 2014
Services
Manufacturing
Agriculture
2013 2014
MALAYSIA 33,721 36,165
WPKL* 82,262 91,097
Labuan 53,610 56,062
Sarawak 41,792 44,437
Penang 38,472 42,186
Selangor 38,082 40,701
Melaka 35,727 38,766
Negeri Sembilan 34,092 35,969
Pahang 27,912 29,575
Johor 26,317 28,466
Terengganu 24,488 26,573
Perak 22,438 24,207
Sabah 18,647 19,672
Perlis 20,136 21,084
Kedah 16,629 17,321
Kelantan 11,265 11,815
GDP Per Capita by State, 2013-2014(at current price - RM)
Source : Department of Statistics, MalaysiaNote : * Includes WP Putrajaya
Note : * Includes WP Putrajaya
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Source : Department of Statistics, Malaysia
Labour Market, August 2015July
2015August2015
Growth(m-o-m)
August2014
Growth(y-o-y)
14.2million
6.8million
67.5%
3.2%
Labour Force1
Outside Labour Force2
Labour ForceParticipation Rate3
Unemployment Rate4
14.3million
6.8million
67.8%
3.2%
0.7%
0.5%
0.3%
-
13.9million
6.8million
67.1%
2.7%
2.8%
0.5%
0.7%
0.5%
Trends on Labour Market, January 2014 - August 2015
13,5
29.9
13,4
40.9
13,4
27.8
13,5
03.1
13,6
46.3
13,6
24.3
13,5
88.8
13,5
46.5
13,7
26.5
13,7
02.6
13,7
07.8
13,7
48.4
13,6
01.6 13
,664
.3
13,7
60.9
13,7
67.8
13,7
63.2
13,8
37.6
13,7
65.9
13,8
65.2
13,200
13,300
13,400
13,500
13,600
13,700
13,800
13,900
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014 2015
Persons ('000) Employed
457.
7
446.
4
415.
7
407.
2
406.
5
385.
8
394.
1
379.
7
377.
2
378.
2
375.
1
432.
1
442.
0
454.
9
430.
8
429.
0
438.
0
449.
9
459.
9
453.
6
0
50
100
150
200
250
300
350
400
450
500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014 2015
Persons ('000) Unemployed
67.8
67.4
66.9
67.3
67.9
67.5
67.4
67.1
67.9
67.4
67.5
67.9
67.2
67.4
67.7
67.6
67.5
67.8
67.5
67.8
66.8
67.0
67.2
67.4
67.6
67.8
68.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014 2015
% Labour Force Participation Rate
3.3
3.2
3.0
2.92.9
2.82.8
2.7
2.7
2.72.7
3.0
3.1
3.2
3.03.0
3.13.1
3.23.2
2.5
2.6
2.7
2.8
2.9
3.0
3.1
3.2
3.3
3.4
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014 2015
% Unemployment rate
Note : 1. Labour force refers to those who, during the reference week are in the 15 to 64 years (in completed years at last birthday) and who are either
employed or unemployed;2. Consists of housewives, students (including those going for further studies), retired, disabled persons and those not interested in looking for a job3. Ratio of the labour force to the working age population (15 to 64 years), expressed as percentage;4. Proportion of unemployed population to the total population in labour force. This rate measures the percentage of unemployed population in the
labour force
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Performance of SMEs in Malaysia, 2010 - 2014
SME Contribution to GDP SME GDP Growth2010 (%
share)
2014(%
share)
Increase / decrease in share
CAGR1
2011 – 2014
Overall2 32.2 35.9 +3.7 8.3Construction 0.9 2.0 +1.1 28.9Services 19.6 21.1 +1.5 7.3Mining & Quarrying 0.0 0.1 +0.1 39.3Agriculture 4.3 4.5 +0.2 6.7Manufacturing 7.2 7.8 +0.6 7.51 CAGR refers to compounded annual growth rate2 Total value-added after taking into account import duties Source: Department of Statistics, Malaysia
SME GDP and Overall GDP Growth (constant 2010 prices)
e: estimate, p: preliminary1/ Growth based on 2014 New SME Definition versus 2013 Old SME Definition 2/ Growth based on 2014 New SME Definition versus 2013 New SME Definition Source: Department of Statistics, Malaysia and SME Corp. Malaysia
SME Contribution to GDP SME GDP Growth2010 (%
share)
2014(%
share)
Increase / decrease in share
CAGR1
2011 – 2014
Overall2 32.2 35.9 +3.7 8.3Construction 0.9 2.0 +1.1 28.9Services 19.6 21.1 +1.5 7.3Mining & Quarrying 0.0 0.1 +0.1 39.3Agriculture 4.3 4.5 +0.2 6.7Manufacturing 7.2 7.8 +0.6 7.5
SME and Overall GDP Growth by Key Economic Activity in 2014 (constant 2010 prices)
2014 SME GDP Growth
(2014 New SME Definition vs 2013
New SME Definition)
2014 SME GDP Growth(2014
New SME Definition vs 2013 Old SME
Definition)
Overall GDP
growth
Growth (y-o-y change, %)Mining & Quarrying 9.6 182.6 3.3Construction 12.8 98.7 11.8Agriculture 2.7 17.2 2.1Manufacturing 8.6 10.9 6.2Services 8.3 8.7 6.5Total 7.9 13.6 6.0
Source: Department of Statistics, Malaysia and SME Corp. Malaysia
SME and Overall GDP share by Key Economic Activity in 2014 (constant 2010 prices)
Year 2014(percentage share to
total, %)SME GDP Total GDP
Services 58.6 53.5Manufacturing 21.7 23.0Agriculture 12.4 9.2Construction 5.7 4.3Mining & Quarrying 0.4 9.0Plus: import duties 1.1 1.1Total 100 100
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
p: preliminarySource: Department of Statistics, Malaysia
Components of Value-added of SMEs in the Services Sector (%)
SME Value-added Growth of Sub-sectors in the Services Sector
SME Value-added Growth of Sub-sectors in the Manufacturing Sector
Components of Value-added of SMEs in the Manufacturing Sector (%)
SME Value-added Growth of Sub-sectors in the Agriculture Sector
Components of Value-added of SMEs in the Agriculture Sector (%)
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
SME Value-added Growth in the Construction and Mining & Quarrying Sector
Components of Value-added of SMEs in the Construction Sector (%)
Employment by Firm Size (2010 - 2014)
Employment Growth Performance by Firm Size, % (2010 - 2014)
Components of Value-added of SMEs in the Mining & Quarrying Sector (%)
Source: Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Employment Share of SMEs to Total Employment (%)
Real GDP, 2010 - 2014
Employment and Productivity of SMEs: 2010 - 2014
Productivity Growth by Firm Size, % (2010 - 2014)
Source: Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MITI’s ASEAN Portal can be accessed via http://aec2015.miti.gov.my/
and You’‘Ease of Doing Business
2016
http://www.doingbusiness.org/rankings
ASEANRanking
WorldRanking
1
2
3
4
5
6
7
8
9
10 167
127
109
103
90
84
49
18
1
134
Singapore
Malaysia
Thailand
Brunei
Viet Nam
Philippines
Indonesia
Cambodia
Lao PDR
Myanmar
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
International Repor tJapan’s Monthly Trade, Januar y 2014 - August 2015
Source: World Trade Atlas
50.6 56
.8 62.4
59.2
55.1 58.2 60.9
55.4 59
.4 61.9
53.2 57
.8
52.0
50.0 57
.5
54.8
47.5 52
.6 54.0
47.8
77.6
64.7
76.5
67.3
64.1 66
.4 70.4
64.7 68
.4 68.8
60.9 63
.3
61.9
53.6
55.7
55.3
49.3 53
.2 56.2
52.4
0
20
40
60
80
100
120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014 2015
US$ billion
Imports
Exports
Expor ts and Impor ts
(26.9)
(7.9)
(14.2)
(8.1)
(9.0)(8.2)
(9.5) (9.3) (9.0)
(6.9)(7.7)
(5.6)
(9.9)
(3.6)
1.8
(0.5)(1.8)
(0.6)(2.2)
(4.6)
(30.0)
(25.0)
(20.0)
(15.0)
(10.0)
(5.0)
0.0
5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014 2015
US$ billion Trade Balance
Top Three Expor t Destinations Top Three Impor t SourcesJanuar y - August 2015
12311
USAChinaROK
Malaysia
1238
ChinaUSA
AustraliaMalaysia
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
US Economic Indicators, Januar y - September 2015
Source : Bureau of Economic Analysis
-0.09-0.03 -0.07
-0.20
-0.04
0.120.17
0.20
-0.04
-0.25-0.20-0.15-0.10-0.050.000.050.100.150.200.25
Jan Feb Mar Apr May Jun Jul Aug Sep
Perc
ent
Inflation Rate
5.7
5.5 5.55.4
5.5
5.3 5.3
5.1 5.1
4.84.95.05.15.25.35.45.55.65.75.8
Jan Feb Mar Apr May Jun Jul Aug Sep
Perc
ent
Unemployment Rate23
3.7
234.
7
236.
1
236.
6
237.
8
238.
6
238.
7
238.
3
238.
0
231232233234235236237238239240
Jan Feb Mar Apr May Jun Jul Aug Sep
Inde
x
Consumer Price Index
China GDP Purchasing Power Parit y (PPP) and GDP Per Capita Growth, 1981 - 2014
0%
3%
6%
9%
12%
15%
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014
Per
cent
PP
P, $
US
D
GDP Per Capita (PPP) GDP Growth per capita
C h i n a h a s r e a c h e d m i d - i n c o m e l e v e l s t a t u s a f t e r 3 0 y e a r s o f r a p i d g r o w t h
Source : http://knoema.com/
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Trans-Pacific Partnership Agreement TPPA
Slides on TPPA Briefing is available in MITI’s website as follows: http://fta.miti.gov.my/miti-fta/resources/TPP_Town_Hall_27_Oct_2015.pdf
Other relevant information related with TPP information is available at the following link:
http://fta.miti.gov.my/index.php/pages/view/231
Need more information???
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Source: Ministry of International Trade and Industry, Malaysia
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)
MTFTA: Malaysia-Turkey Free Trade Agreement (Implemented since 1 August 2015)
MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)
MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)
6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 OctAANZFTA 78 82 70 124 109 88 197 106AIFTA 188 156 522 153 252 182 147 124AJCEP 91 110 67 89 122 102 46 65
0
100
200
300
400
500
600
RM
mill
ion
6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 OctATIGA 754 681 766 659 944 849 1,660 805ACFTA 435 902 341 480 901 645 602 878AKFTA 172 851 123 271 150 659 108 1,065
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
RM
mill
ion
6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 OctMICECA 47.81 35.16 38.17 50.45 55.99 44.26 38.35 45.15MNZFTA 0.01 0.45 0.07 0.42 0.09 0.10 0.06 0.66MCFTA 43.73 55.92 6.16 20.31 11.12 30.17 9.81 44.95MAFTA 30.60 30.81 32.08 35.02 40.40 44.61 35.02 55.22
0
10
20
30
40
50
60
RM m
illio
n
6 Sep 2015 13 Sep 2015 20 Sep 2015 27 Sep 2015 4 Oct 2015 11 Oct 2015 18 Oct 2015 25 Oct 2015AANZFTA 727 868 674 1,017 1,026 875 815 1,003
AIFTA 577 614 574 597 776 643 569 546
AJCEP 195 236 167 197 241 250 122 194
ATIGA 4,506 4,346 3,955 4,037 4,837 4,481 3,871 4,774
ACFTA 1,242 1,307 1,021 1,035 1,582 1,552 1,276 1,479
AKFTA 755 825 609 755 778 837 576 1,001
MICECA 239 250 274 302 311 338 235 309
MNZFTA 2 21 2 7 6 10 2 7
MCFTA 65 77 42 57 77 71 58 82
MAFTA 318 414 368 390 417 481 421 560
MJEPA 771 732 754 824 927 679 799 871
MPCEPA 109 155 115 130 153 113 150 172
GSP 144 123 122 159 176 103 127 146
MTFTA 152 321 141 172 202 217 125 209
6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 OctMJEPA 113 131 165 157 154 112 117 177MPCEPA 11 53 59 16 20 12 24 37GSP 32 23 48 39 32 44 24 30MTFTA 112 144 55 62 72 147 42 99
0
20
40
60
80
100
120
140
160
180
200
RM m
illio
n
Value of Preferential Certificates of Origin
Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional data)
Notes: The preference giving countries under the GSP scheme are Cambodia, the Russian Federation, Japan, Switzerland, Kazakhstan and Norway.
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Malaysian Ringgit Exchange Rate with Australian Dollar and Hong Kong Dollar
Source : Bank Negara, Malaysia
3.80
4.00
4.20
4.40
4.60
4.80
5.00
3.00
3.20
3.40
3.60
3.80
4.00
4.20
4.40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2014 2015
USD = RM EUR = RM
1 EUR = RM 4.79
1 USD = RM 4.27
16.0
15.6
13.0
13.5
14.0
14.5
15.0
15.5
16.0
16.5
26 Ju
n3
Jul
10 Ju
l16
Jul
24 Ju
l31
Jul
7 Au
g14
Aug
21 A
ug28
Aug
4 Se
p11
Sep
18 S
ep25
Sep
2 Oc
t9
Oct
16 O
ct23
Oct
30 O
ct
US$/Oz Silver
1,084.5
992.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
1,040.0
1,060.0
1,080.0
1,100.0
26 Ju
n3
Jul
10 Ju
l16
Jul
24 Ju
l31
Jul
7 Au
g14
Aug
21 A
ug28
Aug
4 Se
p11
Sep
18 S
ep25
Sep
2 Oc
t9
Oct
16 O
ct23
Oct
30 O
ct
US$/Oz Platinum
Source : http://www.gold.org/investments/statistics/gold_price_chart/
http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023
Gold Prices, 26 June - 30 October 2015
Silver and Platinum Prices, 26 June - 30 October 2015
37.6
36.7
34.0
34.5
35.0
35.5
36.0
36.5
37.0
37.5
38.0
38.5
26 Ju
n
3 Ju
l
10 Ju
l
16 Ju
l
24 Ju
l
31 Ju
l
7 Au
g
14 A
ug
21 A
ug
28 A
ug
4 Se
p
11 S
ep
18 S
ep
25 S
ep
2 Oc
t
9 Oc
t
16 O
ct
23 O
ct
30 O
ct
US$/Gram Gold
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
CommodityCrude
Petroleum (per bbl)
Crude Palm Oil (per MT)
Raw Sugar
(per MT)
Rubber SMR 20(per MT)
Cocoa SMC 2
(per MT)
Coal(per MT)
Scrap Iron HMS
(per MT)30 Oct 2015
(US$) 46.6 566.5 295.0 1,231.5 2,064.3 46.4 195 (high)175 (low)
% change* 4.5 2.3 3.3 2.5 0.9 0.4 7.110.3
2014i 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0
2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6
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 n.a Not availble
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.
Highest and Lowest Prices, 2014/2015
Lowest (US$ per bbl)
Highest(US$ per bbl)
Crude Petroleum (30 Oct 2015)
US$46.6 per bbl
201413 June 2014: 107.6
201426 Dec 2014: 54.6
201529 May 2015: 60.3
201521 Aug 2015: 40.5
Lowest (US$ per MT)
Highest(US$ per MT)
Crude Palm Oil (30 Oct 2015)
US$566.5 per MT
201414 Mar 2014: 982.5
201426 Dec 2014: 664.0
201516 Jan 2015: 701.0
20154 Sep 2015: 500.5
Steel Bars(per MT)
RM1,500 - RM1,600
Average Domestic Prices, 30 Oct 2015
Billets(per MT)
RM1,250 - RM1,350
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
Commodity Price Trends
577.5
551.0
512.5
500.5503.5
529.5
522.0
553.5
584.0586.0
580.0
566.5
480
500
520
540
560
580
600
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct
US$
/mt
Crude Palm Oil
2,058.0
2,094.5
2,115.5
2,047.32,033.5
2,021.6
2,044.3
2,009.8
1,910.4
2,034.5
2,030.2
2,084.1
2,064.3
1,800
1,850
1,900
1,950
2,000
2,050
2,100
2,150
7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct
US$
/mt
Cocoa
228.5 228.0
240.0245.3
249.0254.0
245.8
274.8
292.3298.0
305.0
295.0
200
220
240
260
280
300
320
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct
US$
/mt
Raw Sugar
1,341.5
1,302.5
1,285.0
1,216.5
1,281.5
1,250.5
1,262.5
1,243.5
1,279.5 1,280.5
1,262.5
1,231.5
1,140
1,160
1,180
1,200
1,220
1,240
1,260
1,280
1,300
1,320
1,340
1,360
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct
US$
/mt
Rubber SMR 20
5,740
5,779 5,843
6,245
6,469 6,515
6,864
7,822
7,707
7,967
7,894 7,806
7,507
7,286 7,267
7,853
7,148 7,063
7,296
6,742
6,940
7,029
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
2014 2015
USD
/ to
nne
Black Pepper
* until 30 October 2015
43.9
42.5
40.5
45.246.1
44.6 44.7
45.7 45.5
49.6
47.3
44.6
46.6
48.649.0
45.5
50.149.6
48.147.5
48.648.1
52.7
50.5
48.0
49.6
35
37
39
41
43
45
47
49
51
53
55
7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
Commodity Price Trends
1,727
1,695 1,705
1,811
1,751
1,839
1,948
2,030
1,990
1,946
2,056
1,909
1,815
1,818
1,774
1,819
1,804
1,688
1,640
1,548
1,590
1,500
1,600
1,700
1,800
1,900
2,000
2,100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2014 2015
US$
/ to
nne
Aluminium
14,101 14,204
15,678
17,374
19,401
18,629
19,118
18,600 18,035
15,812 15,807
15,962
14,849
14,574
13,756
12,831
13,511
12,825
11,413
10,386 9,938
9,000
11,000
13,000
15,000
17,000
19,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2014 2015
US$
/ to
nne
Nickel
280.0 280.0 280.0
270.0
260.0
250.0 250.0
240.0
230.0 230.0
210.0
195.0
260.0 260.0 260.0
250.0
230.0 230.0 230.0
220.0
210.0 210.0
195.0
175.0
160
180
200
220
240
260
280
300
29 May 5 Jun 19 Jun 3 Jul 24 Jul 7 Aug 14 Aug 28 Aug 11 Sep 25 Sep 9 Oct 30 Oct
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
7,291
7,149
6,650 6,674
6,891
6,821
7,113 7,002
6,872
6,737
6,713
6,446
5,831
5,729
5,940 6,042
6,295
5,833
5,457
5,127 5,217
5,000
5,200
5,400
5,600
5,800
6,000
6,200
6,400
6,600
6,800
7,000
7,200
7,400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2014 2015
US$
/ to
nne
Copper
47.3 47.3
47.2
47.3 47.3
46.9 46.9
46.6
46.446.4
46.2
46.4
45.6
45.8
46.0
46.2
46.4
46.6
46.8
47.0
47.2
47.4
47.6
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct
US$
/mt
Coal
128.1
121.4
111.8
114.6
100.6
92.7
96.192.6
82.4
81.0
74.0
68.0
68.0
63.0
58.0
52.0
60.063.0
52.0
56.0 57.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
130.0
140.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2014 2015
US$/
dmtu
Iron Ore
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
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MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MITI ProgrammeLaunch of OIC-Asia Trade & Economic Forum 2015 in Conjuction with the 6th Muslim World Biz,
29 October 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
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