Transcript Volume 288
No. ISSN: 2180-0448 MALAYSIA Inflation Rate, January-March 2014 Selected Groups 4.0% Housing, Water, Electricity, Gas & Other Fuels 3.5% Education 2.4% 2.2% 4.3% Restaurants & Hotels 3.4% Health 5.3% Transport Inflation Rate (%) 4.0 3.5 3.5 3.0 2.5 2.0 1.5 1.6 1.0 Mar Apr May Jun Jul Aug 2013 Source : Department of Statistics, Malaysia MITI Weekly Bulletin/ www.miti.gov.my Sep Oct Nov Dec Jan Feb 2014 Mar “DRIVING Transformation, POWERING Growth” Overall Inflation Rate Food & Non-Alcoholic Beverages Trade Ranking for Selected ASEAN Countries, 2003-2013 47 46 44 43 44 44 38 38 36 34 33 32 31 27 25 23 33 32 31 27 31 30 26 20 25 24 23 22 22 24 24 23 22 13 15 2003 15 2004 15 2005 15 2006 Exporters Ranking for Selected ASEAN Countries 2012 and 2013 2013: 24 15 2007 15 2008 14 14 2009 2010 14 14 2011 2012 2013 Importers Ranking for Selected ASEAN Countries, 2012 and 2013 2013: 14 2012: 14 2013: 15 2012: 15 2013: 20 2012: 23 Singapore 2012: 20 2013: 25 2013: 27 2012: 24 2012: 26 2013: 24 Malaysia 2012: 26 Thailand 2013: 27 2013: 34 2012: 37 2012: 27 2013: 32 Indonesia 2012: 33 Source : World Trade Organisation MITI Weekly Bulletin/www.miti.gov.my Viet Nam “DRIVING Transformation, POWERING Growth” 19 28 28 24 23 19 27 26 25 20 32 GDP and Trade Ranking with Malaysia for Top 10 Economies in Africa, 2013 TUNISIA GDP: USD 47.4 bil. Ranking: 95 ALGERIA GDP: USD 206.1 bil. Ranking: 77 MOROCCO GDP: USD 105.1 bil. Ranking: 93 LIBYA GDP: USD 67.6 bil. Ranking: 72 EGYPT GDP: USD 271.4 bil. Ranking: 38 NIGERIA GDP: USD 286.5 bil. Ranking: 43 ETHIOPIA GDP: USD 48.1 bil. Ranking: 100 ANGOLA GDP: USD 121.7 bil. Ranking: 55 “DRIVING Transformation, POWERING Growth” SUDAN GDP: USD 70.1 bil. Ranking: 85 SOUTH AFRICA GDP: USD 350.8 bil. Ranking: 29 Note: Ranking in terms of trade with Malaysia. Source : International Monetary Fund MITI Weekly Bulletin/www.miti.gov.my Number and Value of Preferential Certificates of Origin (PCO’s) Value of Preferential Certificates of Origin Number of Certificates RM million 600 AJCEP ATIGA ACFTA AKFTA 02 Mar 2014 756 501 201 4,940 1,361 829 400 09 Mar 2014 937 511 243 4,274 1,435 732 300 16 Mar 2014 755 391 174 4,788 1,367 754 200 23 Mar 2014 865 486 264 4,468 1,436 898 100 30 Mar 2014 747 500 200 4,940 1,355 829 06 Apr 2014 801 532 287 3,963 1,438 716 13 Apr 2014 949 465 283 4,716 1,559 743 20 Apr 2014 845 528 139 4,159 1,279 872 2 Mar 9 Mar 16 Mar 23 Mar 30 Mar 6 Apr 13 Apr 20 Apr AANZFTA 79 96 64 83 79 107 76 68 AIFTA 104 120 81 103 104 348 113 536 AJCEP 53 110 78 80 53 86 116 30 Value of Preferential Certificates of Origin AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement (Implemented since 1 January 2010) 18,000 AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010) AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009) 16,000 14,000 12,000 10,000 ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) 8,000 6,000 4,000 2,000 0 2 Mar 9 Mar 16 Mar 23 Mar 30 Mar 6 Apr 13 Apr 20 Apr ATIGA 797 608 648 18,025 797 8,410 700 646 ACFTA 564 589 545 336 545 636 390 350 AKFTA 671 174 608 261 671 2,512 126 598 AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006) Number of Certificates Value of Preferential Certificates of Origin 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 2 Mar 9 Mar 16 Mar 23 Mar 30 Mar 6 Apr 13 Apr 20 Apr MICECA 234 56.20 43.44 27.89 45.86 30.38 35.25 35.63 MNZFTA 0 0.11 0.26 0.02 0.00 0.17 0.31 0.32 MCFTA 47 10.74 6.70 9.78 7.31 7.23 7.77 6.41 MAFTA 391 66.47 46.14 24.77 30.12 27.78 30.55 29.89 MICECA MNZFTA MCFTA MAFTA 02 Mar 2014 09 Mar 2014 16 Mar 2014 23 Mar 2014 234 248 282 245 0 5 13 2 47 66 56 75 391 418 415 311 30 Mar 2014 234 0 47 391 06 Apr 2014 230 6 45 379 13 Apr 2014 232 5 54 339 20 Apr 2014 250 16 50 358 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) MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013) Number of Certificates MPCEPA GSP 02 Mar 2014 924 216 86 09 Mar 2014 862 156 179 16 Mar 2014 804 99 128 23 Mar 2014 787 109 253 30 Mar 2014 924 216 86 06 Apr 2014 888 115 178 13 Apr 2014 806 169 118 20 Apr 2014 730 127 244 Notes: The preference giving countries under the GSP scheme are members of the European Union, Norway, Switzerland, Belarus, the Russian Federation and Turkey. Source: Ministry of International Trade and Industry, Malaysia MITI Weekly Bulletin/ www.miti.gov.my Value of Preferential Certificates of Origin 1,000 900 800 700 RM million MJEPA “DRIVING Transformation, POWERING Growth” RM miliion AIFTA 500 0 RM million AANZFTA 600 500 400 300 200 100 0 2 Mar 9 Mar 16 Mar 23 Mar 30 Mar 6 Apr 13 Apr 20 Apr MJEPA 924 135 141 120 194 162 122 131 MPCEPA 216 40 23 22 89 13 52 22 GSP 86 38 16 27 13 23 17 26 MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008) MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006) Malaysian Ringgit Exchange Rate with Australian Dollar (AUD) and Singapore Dollar (SGD), January 2013 - March 2014 Dollar 3.40 3.20 1AUD = RM2.98 3.19 3.00 2.80 2.60 1 SGD = RM2.59 2.40 2.47 2.20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 Jan Feb Mar 2014 Source : Bank Negara, Malaysia gold/usd/gramme USD/gramme silver /usd/oz 45 USD/oz 30 44 28 43 42 26 41 40 24 39 22 38 37 20 36 35 18 3 jan 10 jan 17 jan 24 jan 30 jan 7 feb 14 feb 21 feb 28 feb 7 Mac 14 Mac21 Mac28 Mac 4 Apr 11-Apr 18-Apr 25-Apr Source : http://www.gold.org/investments/statistics/gold_price_chart/ Aluminium, Nickel and Copper Prices, January 2013 - March 2014 20000 Aluminum Copper Nickel 15000 10000 5000 0 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Source : World bank MITI Weekly Bulletin/ www.miti.gov.my Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14 Mar 14 “DRIVING Transformation, POWERING Growth” Gold and Silver Prices, 3 January - 25 April 2014 Commodity Price Trends, 30 January 2014 - 25 April 2014 106.0 3,000.0 Cocoa SMC 2 104.0 2,500.0 Crude Petroleum 100.0 2,000.0 SMR 20 1,500.0 98.0 Crude Palm Oil US$/MT US$/bbl 102.0 1,000.0 96.0 Scrap Iron 94.0 500.0 Raw Sugar Iron Ore 92.0 Crude Petroleum/bbl SMR 20/MT Cocoa SMC 2/MT Crude Palm Oil/MT Scrap Iron/MT Raw Sugar/MT Iron Ore/MT 30 Jan 96.7 1,932.0 2,649.6 855.0 395.0 323.0 160.0 7 Feb 97.6 1,864.0 2,658.0 860.5 395.0 346.5 160.0 14 Feb 100.2 1,949.5 2,658.0 869.0 395.0 342.8 160.0 21 Feb 103.2 1,981.5 2,658.0 906.0 395.0 353.5 160.0 28 Feb 102.1 1,887.0 2,562.8 929.5 395.0 377.8 160.0 7 Mar 102.4 1,923.0 2,634.2 954.5 380.0 396.0 150.0 14 Mar 98.2 1,973.5 2,673.8 982.5 390.0 384.5 145.0 21 Mar 99.2 1,921.5 2,737.3 952.5 385.0 368.5 150.0 28 Mar 101.5 1,907.0 2,761.1 950.5 385.0 387.8 150.0 4 Apr 100.4 1,850.0 2,579.9 950.5 395.0 372.3 150.0 11 Apr 104.1 1,806.0 2,587.4 913.5 395.0 373.8 150.0 18 Apr 104.2 1,808.0 2,586.0 900.5 395.0 368.5 150.0 25 Apr 101.9 1,715.0 2,608.6 915.8 395.0 385.3 150.0 0.0 Highest & Lowest Prices, 2013/2014 Highest (US$ per bbl) 18 Apr 2014: 104.2 Sep 2013: 110.2 Crude Palm Oil (25 Apr 2014) US$915.8 per MT Lowest (US$ per bbl) 10 Jan 2014: 92.3 19 Apr 2013: 88.1 Highest (US$ per MT) 14 Mar 2014: 982.5 15 Nov 2013: 925.0 Lowest (US$ per MT) 30 Jan 2014: 855.0 4 Jan 2013: 800.0 Weekly Commodity Prices 25 April 2014 (US$) % Change* 2013i 2012i 2011i Crude Petroleum (per bbl) 101.9 2.2 88.1-108.6 77.7-109.5 80.3-112.7 Crude Palm Oil (per MT) 915.8 1.7 805.5 1,000.4 1,124.0 Raw Sugar (per MT) 385.3 4.5 361.6 473.8 647.0 Rubber SMR 20 (per MT) 1,715.0 5.1 2,390.8 952.5 1,348.3 Cocoa SMC (per MT) 2,608.6 0.9 1,933.1 2,128.9 2,644.8 unchanged unchanged 485.6 444.7 491.0 Commodity Scrap Iron HMS (per MT) 395.0 (High) 385.0 (Low) 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 : 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 MITI Weekly Bulletin | www.miti.gov.my 18 April 2014 domestic prices for : 1.Billets (per MT) : RM1,775 – RM1,800 2.Steel bars (per MT) : RM2,100 - RM2,250 “DRIVING Transformation, POWERING Growth” “DRIVING Transformation, POWERING Growth” Crude Petroleum (25 Apr 2014) US$101.9 per bbl Automotive GST Seminar The Malaysia Automotive Institute (MAI) succesfully conducted "Automotive Info Talk" on the Goods and Services Tax (GST) in collaboration with the Royal Malaysian Customs Department on 25 March and 24 April 2014. Moving forward MAI plan to conduct one more session in Kuching, Sarawak on 26 May 2014. Tentatively another two sessions will be held in the north and south of Peninsular Malaysia. MAI as an agency of the MITI and the focus point for the Malaysian automotive industry, will continue to engage with stakeholders to update them on happenings in the industry. Automotive Info Talk will allay the concerns and fears on the drawbacks, or myths, if some like to term it, on GST. It would also provide a clear understanding of GST, and assist government in the smooth implementation of the GST next year. The GST will be a logical step and significant improvement towards a comprehensive indirect tax reform in the country. It will pave the way for modernisation of tax administration, making it simpler and more transparent; and significant enhancement in voluntary compliance. -Malaysia Automotive Institute- MITI Weekly Bulletin/www.miti.gov.my “DRIVING Transformation, POWERING Growth” Although the introduction of a GST regime would initially impact businesses and individuals across the board, a focused and well-driven implementation should benefit the country as a whole in the long run. MATRADE provides assistance to SMEs to move into the global markets through trade promotion and exporters development programmes. These programmes include Trade Fairs, Specialised Marketing Missions, Incoming Buying Missions, as well as Bumiputera Exporters Development Programme and Women Exporters Development Programme. Strand Aerospace Malaysia Sdn Bhd STRAND Aerospace Malaysia is part of the STRAND Group of companies with offices in Malaysia and the United Kingdom with depth of capabilities and reputation for technical excellence has allowed us to be involved with cutting-edge programs globally. “DRIVING Transformation, POWERING Growth” Focal point for global aerospace in Asia Since its establishment STRAND Aerospace Malaysia has achieved major engineering services milestones in the South East Asian region. This epitomized by the significant primary structures analysis and design work we have done involving Airbus’ flagship aircraft. STRAND Aerospace Malaysia has established itself as a key supplier of aircraft engineering design and analysis services to the global aerospace industry. Its goal is to become the focal point for the global Aerospace industry in Asia. The services covered by the STRAND Group include design, engineering for continuous product development (CPD), certification analysis (checkstress), manufacturing support, in-service support, aircraft structural integrity, training & development and research. The work covers on both primary and secondary aircraft structures. The current portfolio includes work on wing box structures(ribs, spars and skins), pylon attachments, aileron, flaps and landing gear. STRAND Aerospace Malaysia holds AS EN SJAC (Cert No. 2009/32562) and ISO 9001:2008(Cert No. 2009/32561) certification with a wide scope covering the design and analysis of composite And metal structures components. The company also holds Airbus Approval (Metallic & Composites) (Cert No. 300135 since 2006 and a registered member of the Airbus Supply Chain and has been audited Approved by various Airbus Tier 1 and E2S companies. STRAND will command more than 350 engineers by 2014 to accommodate their clients’ needs and contribute towards the training and capacity building of engineering service in the country. The company serves major international aeronautics clients such as Airbus UK, Airbus North America, MessierDowty, BAe Systems, WS Atkins Aerospace, Aerosud, GKN Aerospace, GE Aviation Services, Assystem and Composites Technology Research Malaysia. Strand Aerospace Malaysia’s projects have Involved the entire Airbus fleet, as well as military aircraft such as the Tornado, Harrier and Nimrod. MITI Weekly Bulletin/ www.miti.gov.my SIA ALAY M E C OSPA D AER H D TA B N SDN Menara BA 8/8A STRA 3 U J .0 3 P r .1 n elango 2&B 8 Jala B.13.0 entre, No. Perdana, S ade C nsara PJ Tr dar Dama 7495 5222 Ban 221 : +603 47820 TEL 603 7495 5 + : FAX m ng.co rande ia t s @ m s malay alysis_ L : an deng.com/ I A M E.stran www Trans-Pacific Partnership Agreement (TPPA) Consultation with State Governments, 24 April 2014 “DRIVING Transformation, POWERING Growth” MITI Weekly Bulletin/www.miti.gov.my Penerima Anugerah Perkhidmatan Cemerlang 2013 - MITI ‘AIZUL KAMIL IBRAHIM DAVIDSON DEE ANAK LADI IBRAHIM ABU BAKAR MOHAMAD ISHAK MOHAMED AZIZ MOHD KHAIRI INTAN SHAMSINAR ABD MAJID MOHD HANAFIAH ANANDA RAJ PUNJAWALEY FADZILAH MUSA JUITA MOHD JAMIL MOHD NADZRI YUSOF ARNI HASLIZA AZIZ @ ESA FAEZATUN AZIRAH YAHAYA AZZALINA MOHAMED AZIZ FAUZIAH SAEDON BAIDURA AHMAD HASIMAH ISMAIL CHE NAZLI JAAPAR HASLINDA MANSOR MITI Weekly Bulletin/ www.miti.gov.my KATHERINE ANNE FRANCIS KHAIRY MOHD SIDEK KIEW CHIA MENG MARWEENA MANAN MOHD ZAHID ABDULLAH MUHAMAD NAZAR AHMAD ZAIDI MOHD REIZAL SUMAIRI MUHAMMAD ABD GHANI MOHD RIDZUAN MUHAMMAD HAZAM ABU BAKAR HAJANAN MOHD SYAZWAN MOHD NASIR MOHD TARMIZI ISMAIL NAJJAH HUSSIN NASIF KAUR AJMER SINGH “DRIVING Transformation, POWERING Growth” ABDUL HALIM OTHMAN EMY SHAZLEEN ADNAN MOHD YUSRI FAUZI NAZRULLAH SHAHUL NIZALENE DELIZA HAMEED HUSAINI NOR FARAHDILA HAIROMAN NORFAIZAH HARON ROHANI HAMID MD NADZRY NORAINI ABRAHIM NOR FADILAH SABRI NORASHIKIN MD JUSOH NORFARIZA MANSOR NORHANIZA ALI BABDAR NUR FARADIYANA RUSLI NURAZILA AZIZAN NURULHUDA MOHAMED KASSIM RAVI CHAKKARA ROSLI ROSMALIZA AB. LATIF RAMLAN SANUSI SHAMZURI SAFFIE ABDUL HASSAN A. RAHIM@SHAARY SARA HANI MOHD ZIN NOR HASLIYANA YAHAYA NOOR SHIFRAH KUNKI RAMAN ROHALIZA MOHD YATIM RUZIANI DADEH ZULKIFFLY MOKHTAR SARA HANI MOHD ZIN SHAFIURAHMAN HAMZAH SUZIENA MOHD NAWAVI SYAHIRAH SHAPIEE MITI Weekly Bulletin/ www.miti.gov.my RODZIAH MOHD ISA ZAINAL SHAHRIR AHMAD MOKHTAR “DRIVING Transformation, POWERING Growth” NURUL ALIA RAZANI NOR HASLI ABDULLAH NONI MOHAMED SITI SALWAHANIM MOHD NAZIR ZAMAWANI SHARI SABARIAH TAHA Name Designation Regional Job Description Name Designation Regional Job Description Email Contact Details Sanusi Shamzuri A. Rahim Administrative Assitant Kelantan Responsible for administrative matters : [email protected] : 09-7483457 : : : : Fauziah Ismail Office Assistant Pahang Responsible for general office work, printing, binding and mail delivery : [email protected] : 09-513 0851 Comments & Suggestions Dear Readers, Kindly click the link below for any comments in this issue. 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