15
Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry Assalamualaikum, Salam Sejahtera dan Salam 1Malaysia, Annaivarukum Vanakam, Deepavali is a special festival for the Indian community. This is the time for spiritual reflection and celebration to mark victory of good over evil and light over darkness for our Hindu brothers and sisters. Deepavali is also shared with people of different backgrounds and beliefs as we come together as 1Malaysia. It is always a momentous occasion for family reunions, as I was informed that Hindu families perform an act of cleansing in the morning with oil and shikaki as celebration of triumph over evil. This is the value of culture and traditions that sets the foundation of Malaysians. Deepavali Message from the Minister of International Trade and Industry Unity in diversity has always been, and continues to be, a hallmark of Malaysia. Our country is blessed with multi-cultural celebrations. This is our strength that forms the foundation of Malaysia’s economic progress and development. While Malaysia has made great strides in reducing poverty and inequality over the half a century, the challenges remain. These challenges include raising the knowledge intensity of economic activity, restructuring sources of growth, introducing greater competition and strengthening social protection for vulnerable groups before Malaysia can fully meet the aspirations of a progressive and inclusive society. Moving forward, MITI and its agencies will continue to work hard in complementing the Government’s efforts and commitments towards national transformation. Time is of the essence as we approach year 2020 to realise our vision and our model of economic development. The ‘rakyat’ will always be at the core of the Government’s nation building initiatives to ensure that each and every Malaysian benefits substantially from economic and social growth. I have reminded our MITI family recently, that our policies and programmes must touch the heart and feel the pulse of the rakyat. This is important as we continue to renew ‘nambikei’ (trust) between the Government and the Indian community in our efforts to uplift the Indian community. On that note, I would like to take this opportunity to ask our communities to come together and join our Hindu brothers and sisters especially the MITI family in celebrating this festival with the confidence that will bring light and hope to all Malaysians. Theepa Thriru Nal Nalvalthugal, HAPPY DEEPAVALI ! MITI Weekly Bulletin | www.miti.gov.my DRIVING Transformation, POWERING Growth”

Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

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Page 1: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Dato’ Sri Mustapa MohamedMinister of International Trade and Industry

Assalamualaikum, Salam Sejahtera dan Salam 1Malaysia, Annaivarukum Vanakam,

Deepavali is a special festival for the Indian community. This is the time for spiritual reflection and celebration to mark victory of good over evil and light over darkness for our Hindu brothers and sisters. Deepavali is also shared with people of different backgrounds and beliefs as we come together as 1Malaysia. It is always a momentous occasion for family reunions, as I was informed that Hindu families perform an act of cleansing in the morning with oil and shikaki as celebration of triumph over evil. This is the value of culture and traditions that sets the foundation of Malaysians.

Deepavali Message from the Minister of International Trade and Industry

Unity in diversity has always been, and continues to be, a hallmark of Malaysia. Our country is blessed with multi-cultural celebrations. This is our strength that forms the foundation of Malaysia’s economic progress and development. While Malaysia has made great strides in reducing poverty and inequality over the half a century, the challenges remain. These challenges include raising the knowledge intensity of economic activity, restructuring sources of growth, introducing greater competition and strengthening social protection for vulnerable groups before Malaysia can fully meet the aspirations of a progressive and inclusive society.

Moving forward, MITI and its agencies will continue to work hard in complementing the Government’s efforts and commitments towards national transformation. Time is of the essence as we approach year 2020 to realise our vision and our model of economic development. The ‘rakyat’ will always be at the core of the Government’s nation building initiatives to ensure that each and every Malaysian benefits substantially from economic and social growth. I have reminded our MITI family recently, that our policies and programmes must touch the heart and feel the pulse of the rakyat. This is important as we continue to renew ‘nambikei’ (trust) between the Government and the Indian community in our efforts to uplift the Indian community.

On that note, I would like to take this opportunity to ask our communities to come together and join our Hindu brothers and sisters especially the MITI family in celebrating this festival with the confidence that will bring light and hope to all Malaysians.

Theepa Thriru Nal Nalvalthugal, HAPPY DEEPAVALI !

MITI Weekly Bulletin | www.miti.gov.my

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

Page 2: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Malaysia has won a non-permanent seat in the United Nations Security Council (UNSC). Voting took place at the United Nations General Assembly in New York on 16 October 2014 to fill five vacancies among the Security Council’s non-permanent membership.

UNITED NATION S SECURITY COUNCIL “D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

New Members

Malaysia

New Zealand

Angola

Spain

Venezuela

Page 3: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

0.0

1.0

2.0

3.0

4.0

Jan Feb Mar Apr May Jun Jul Aug Sep

3.4 3.5 3.5 3.4 3.2 3.3 3.2 3.3

2.6

%

115.

8

109.

3

111.

0

110.

1

97.5

116.

6

109.

8

111.

1

110.

4

97.4

113.

8

107.

2

110.

5

108.

3

97.9

CPI for Selected Main Groups, Sept 2014

MALAYSIA

MITI Weekly Bulletin / www.miti.gov.my

Inflation Rate (%), Jan - Sept 2014 Year-on-year change of the Consumer Price Index (CPI)

MalaysiaUrban

Rural

Food And Non-Alcoholic

Beverages

Food And Housing, Water, Electricity, Gas

And Other Fuels

Transport CommunicationEducation

Based:2010=100

Source : Department of Statistics, Malaysia

Source : Department of Statistics, Malaysia

Based:2010=100

Note: Urban* are defined as gazetted areas and built-up areas which borders to it, and the combination of these two areas have a population of 10,000 or more. Built-up area is defined as the area located next gazetted areas and have at least 60 percent of the population (aged 15 years and over) who are involved in non agricultural activities.

INFLATION

“DR

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ransformation, P

OW

ERIN

G G

rowth”

Page 4: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Note : % change year-on-year -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 in a specified time period

Consumer Price Index (CPI) by Major Categories, September 2014

Source : Department of Statistics, Malaysia

114.4

Food And Non-Alcoholic

Beverages

+3.2%112.2 115.8

Alcoholic Beverages

And Tobacco Clothing

and Footwear

+o.3%

Housing, Water,Electricity and

Other Fuels

114.4

Furnishings, Household ,

Equipment and Routine Household

Maintainance

+0.9%

Health Transport

+3.4% +0.8%

Communication

114.4

Recreation,Services and

Culture

+1.9%

Education Restaurantsand Hotels

+4.8% +0.7%

MiscellaneousGoods

and Services

109.6 125.8 98.6 98.3 105.7 109.3

105.7 109.7 107.2 110.8 110.5 111.0 98.3 97.5

103.0 105.0 107.5 110.1 112.2 117.6 104.9 105.6

2013 2014

+14.8% +3.4%

+0.5%

+2.4%

MITI Weekly Bulletin | www.miti.gov.my

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

Page 5: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

INTERNATIONAL REPORT

SINGAPORE

SINGAPORE’s GDP, Q3 2014

LATEST KEY ECONOMIC INDICATORS

Manufacturing Sector1.4%

Construction Sector1.4%

Goods Producing Industries

Services Producing Industries2.9%

2.4%

Overall GDP Advance Estimates1

Q3 2014

Note:

1 The advance GDP estimates for the third quarter of 2014 are computed largely from data in the first two months of the quarter (i.e. July and August 2014). They are intended as an early indication of the GDP growth in the quarter, and are subject to revision when more comprehensive data become available.

MITI Weekly Bulletin / www.miti.gov.mySource :http://www.singstat.gov.

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

Page 6: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

“Our ASEAN Neighbours”

Sources:http://www.bsp.gov.ph/statisticshttp://en.wikipedia.org

MITI Weekly Bulletin / www.miti.gov.my

PricesInflation Rate2.2% (Q2 2014)Area

167,953 sq. km

PopulationTotal Population

66,720,1532014 estimate

Financial Account(Q2 2014)

Net Foreign Direct Investment

US$3,381 mil.

Gross International Reserves

US$167,953 mil.

ThailandK e y E c o n o m i c I n d i c a t o r s

NationalAccount

Real GDP Growth Rate

0.3% ( Q2 2014)

LabourUnemployment Rate

0.7% (Q2 2014)

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

Trade With Malaysia, 2005 - Aug 2014

External Trade (Q2 2014)

Exports: US$55,887 mil.Imports: US$49,835 mil.

Total Trade : US$105,722 mil.

28,745.90 26,634.30

22,856.8026,345.40

5,889.10 288.900

10,000

20,000

30,000

40,000

50,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan -Aug2014

Export Import Trade Balance

Page 7: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

2014 Nobel Laureates Physics

"for the invention of efficient blue light-emitting diodes which has enabled bright and energy-

saving white light sources"

Isamu Akasaki (Japan)

Hiroshi Amano(Japan)

Shuji Nakamura(USA)

“for the development of super-resolved fluorescence microscopy”

Chemistry

Eric Betzig(USA)

Stefan W. Hell(Romania)

William E. Moerner(USA)

"for their discoveries of cells that constitute a positioning system in the brain"

Physiology or medicine

John O'Keefe(USA)

May-Britt Moser(Norway)

Edvard I. Moser(Norway)

Source:http://www.nobelprize.org/

"for their struggle against the suppression of children and young people and for the right of

all children to education"

Kailash Satyarthi(India)

Malala Yousafzai(Pakistan)

Peace Prize

"for the art of memory with which he has evoked the most ungraspable human destinies and uncovered the life-world of the occupation"

Patrick Modiano(France)

Literature

Economics

MITI Weekly Bulletin / www.miti.gov.my

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rowth”

"for his analysis of market power and regulation".

Jean Tirole(France)

Page 8: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Number and Value of Preferential Certificates of Origin (PCOs)“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

Source: Ministry of International Trade and Industry, Malaysia

Number of CertificatesValue 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)

Value of Preferential Certificates of Origin

Number of Certificates

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)

Number of Certificates

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

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

Value of Preferential Certificates of Origin

Value of Preferential Certificates of Origin

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

24 Aug 2014 921 641 211 4,797 1,541 883

31 Aug 2014 863 617 140 4,295 1,412 689

7 Sep 2014 891 571 240 4,243 1,508 754

14 Sep 2014 1,011 604 267 4,814 1,362 739

21 Sep 2014 757 517 102 4,435 1,132 689

28 Sep 2014 1,107 553 188 4,830 1,269 714

5 Oct 2014 849 560 263 4,664 1,237 757

12 Oct 2014 895 460 179 4,479 1,395 667

MICECA MNZFTA MCFTA MAFTA

24 Aug 2014 345 3 84 44931 Aug 2014 323 12 66 3367 Sep 2014 317 3 73 406

14 Sep 2014 315 13 74 36421 Sep 2014 326 8 60 49828 Sep 2014 331 3 45 4705 Oct 2014 349 8 51 342

12 Oct 2014 297 3 48 304

MJEPA MPCEPA GSP

24 Aug 2014 882 184 18031 Aug 2014 822 160 1457 Sep 2014 877 172 123

14 Sep 2014 782 97 14921 Sep 2014 825 128 15128 Sep 2014 856 143 1255 Oct 2014 901 208 138

12 Oct 2014 785 135 128

24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctAANZFTA 98 89 84 93 75 105 69 71AIFTA 194 161 166 156 121 118 142 119AJCEP 70 82 106 214 296 76 78 193

0

50

100

150

200

250

300

350

RM m

illio

n

24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctATIGA 9,254 9,125 710 679 715 836 802 641ACFTA 829 739 632 819 601 721 490 541AKFTA 648 312 144 298 405 231 110 119

0

2,000

4,000

6,000

8,000

10,000

12,000

RM m

iliio

n

24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctMICECA 46.40 54.69 42.14 38.00 30.88 38.33 44.93 43.01MNZFTA 0.03 0.32 0.32 0.24 0.20 0.03 0.11 0.02MCFTA 11.74 8.08 9.47 8.66 6.68 4.74 6.03 6.17MAFTA 36.14 28.93 31.68 25.12 30.61 36.49 30.24 24.35

0

10

20

30

40

50

60

RM

mill

ion

24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctMJEPA 608 384 137 249 161 146 113 122MPCEPA 24 82 49 36 28 34 70 19GSP 30 23 21 29 24 20 26 20

0

100

200

300

400

500

600

700

RM m

illio

n

MITI Weekly Bulletin / www.miti.gov.my

Page 9: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Major Currencies against US Dollar, Jan 2013 - Sept 2014

Source : http://www.freecurrencyrates.com MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

1.24

1.26

1.28

1.30

1.32

1.34

1.36

1.38

1.40

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

2013 2014

US

Do

llar

Euro (EUR)

1 EUR = USD 1.29

1.40

1.45

1.50

1.55

1.60

1.65

1.70

1.75

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

2013 2014

US

Do

llar

British Pound (GBP)

1 GBP = USD 1.63

0.0820.0840.0860.0880.0900.0920.0940.0960.0980.100

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

2013 2014

US

Do

llar

South Korean Won (KRW)

100 KRW = USD 0.097

0.840.860.880.900.920.940.960.981.001.02

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

2013 2014

US

Do

llar

Canadian Dollar (CAD)

1 CAD = USD 0.91

0.070

0.072

0.074

0.076

0.078

0.080

0.082

0.084

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

2013 2014

US

Do

llar

Mexican Peso (MXN)

1 MXN = USD 0.076

1.401.451.501.551.601.651.701.751.801.851.90

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

2013 2014

US

Do

llar

Indian Rupee (INR)

100 INR = USD 1.64

Page 10: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

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

US$/MT

Aluminium, Nickel and Copper PricesJan 2013- Sept 2014

MITI Weekly Bulletin / www.miti.gov.my

Gold Gold (US$/gramme)

Silver (US$/oz)

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Silver

2,038 1,990

8,047 6,872

17,473 18,035

0

5000

10000

15000

20000

25000

Jan 13 Feb 13Mar 13Apr 13May 13Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14Mar 14Apr 14May 14Jun 14 Jul 14 Aug 14Sept 14

Nickel Copper Aluminium

Gold and Silver PricesJan 2013 - 10 Oct 2014

38.7 39.79

20.16

17.39

15

17

19

21

23

25

27

29

0

10

20

30

40

3 J

an

10 J

an

17 J

an

24 J

an

30 J

an

7 F

eb

14 F

eb

21 F

eb

28 F

eb

7 M

ar

14 M

ar

21 M

ar

28 M

ar

4 A

pr

11 A

pr

18 A

pr

25 A

pr

2 M

ay

9 M

ay

16 M

ay

23

May

30

May

6 J

un

13

Ju

n

20

Ju

n

27

Ju

n

4 J

ul

11

Ju

l

18

Ju

l

1 A

ug

8 A

ug

15

Au

g

22

Au

g

29

Au

g

5 S

ep

t

12

Se

pt

19

Se

pt

26

Se

pt

3 O

ct

10

Oc

t

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

Page 11: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Commodity Price Trends

864

822792

750720

693 697710

705726

822

719

600

650

700

750

800

850

900

18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct

US

$/m

t

Crude Palm Oil

1,671.5

1,695.51,660.5

1,666.5

1,647.5

1,614.51,507.0

1,529.0

1,453.01,422.0 1,433.5

1,470.5

1300

1350

1400

1450

1500

1550

1600

1650

1700

1750

18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct

US

$/m

t

Rubber SMR 20

2,736.12,789.1

2,819.4

2,827.0

2,827.0

2,683.0

2,674.22,734.8

2,886.4

2,840.9

2,674.2

2,784.4

2550

2600

2650

2700

2750

2800

2850

2900

2950

18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct

US

$/M

T

Cocoa 366.0

354.3 339.5

340.5

337.5

345.5333.5

334.8

339.5

336.3

345.3

348.5

300

310

320

330

340

350

360

370

18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct

US

$/M

T

Raw Sugar

101.6

98.595.7

93.8

94.5

94.691.5

93.1

97.0

91.083.8

83.3

80

85

90

95

100

105

18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct

US

$/b

bl

Crude Petroleum

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

0

20

40

60

80

100

120

140

160

180

13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 14 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep

US

$/d

mtu

Iron Ore380.0 380.0

370.0 370.0

365

370

375

380

385

18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct

US$

/mt

Scrap Iron

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

60.5

60.5

60.0

60.1

59.0

57.2

56.5

56.554.5

51.4

52.8

51.8

46

48

50

52

54

56

58

60

62

18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct

US

$/m

t

Coal

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 :

2013 2014

MITI Weekly Bulletin | www.miti.gov.my

“DR

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rowth”

Page 12: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Crude Petroleum (10 October 2014)

US$83.3per bbl

Crude Palm Oil(10 October 2014)US$718.5 per MT

Highest & Lowest Prices, 2013/2014

10 October 2014 domestic prices for :1. Billets (per MT) : RM1,700 - RM1,7502. Steel bars (per MT) : RM1,900 - RM2,050

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 :

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

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)10 Oct 2014

(US$) 83.3 718.5 348.5 1,470.5 2,784.4 51.8 380.0 (high)370.0 (low)

% change* 0.6 12.6 0.9 2.6 4.1 1.9 unchangedunchanged

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

2011i 80.3 - 112.7 1,124.0 647.0 1,348.3 2,644.8 .. 491.0

Lowest

(US$ per bbl)

Highest(US$ per bbl)

Highest(US$ per MT)

Lowest

(US$ per MT)2014

26 Sept 2014: 107.62013

6 Sept 2013: 110.2

201410 Oct 2014: 83.3

201319 Apr 2013: 88.1

201414 Mar 2014: 982.5

201315 Nov 2013: 925.0

201429 Aug 2014: 693.0

20134 Jan 2013: 800.0

Page 13: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

MITI Weekly Bulletin / www.miti.gov.my

“DR

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rowth”

Founded in 1988 as Smart Education Centre by Dato’ Sri Dr Richard Ong and Datin Sri Dato’ Dr KH Wang, the organisation changed its name to Smart Reader® Worldwide Sdn Bhd in 1998. This move was made to reflect the expansion of its English Programme into the international arena. Backed by the success of the Smart Reader® English Programme and the rich experience of the group of educationists, Smart Reader® Worldwide launched the Smart Reader Kids® concept in 1999. Tagged as Every Child’s Dream School, this unique, imaginative and vibrant 21st century model child development centre has emerged very aggressively and accredited by the Malaysia Book of Records as The Largest Chain of Child Enrichment Centres in Malaysia. Smart Reader Worldwide is a market-leading early childhood education franchise provider that has found success through its well-known Smart Reader kids brand of preschool education programmes. The company, which started in the franchising industry a decade ago, currently has about 300 Smart Reader Kids centres in operation nationwide,with another 150 centres overseas. In 2010, Smart Reader Worldwide was certified to National Mark of Malaysian Brand and received a total

Smart Reader® Worldwide Sdn BhdWisma Smart Reader® I No. 3, Jalan Udang Harimau 1,Kepong Business Park, Segambut,51200 Kuala LumpurTel: +603 - 6279 5555Fax: +603 - 6279 5511Email: [email protected]

of RM100,000 in incentives from SME CORP. Malaysia for advertising and promotional purposes. Propelled by the prestige and credibility of the certification and the continuous upgrading of its education programmes, the company has seen its success and reputation grow. For an organisation that has been around for a good number of years, success is influenced by ONE key factor, Quality. Constant research and development and continuous upgrading of the programmes has enabled this quality product to remain at the helm, steering preschool education into a gloriuos and exclusive era.

SUCCESS STORY

Smart Reader Worldwide Sdn. Bhd

CONTACT :

Page 14: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

Pertubuhan Orang Cacat PenglihatanMalaysia (SBM) akan menganjurkan

HARI TONGKAT PUTIH ANTARABANGSA PERINGKAT KEBANGSAAN 2014

pada 23-24 Oktober 2014 bertempat di Stadium Darulaman,

Alor Setar, Kedah

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

The list of zero-rated items in the Goods and Services Tax which

announced during budget 2015 has been gazetted as P.U. (A) 272.

It can be accessed at: http://gst.customs.gov.my/en/rg/SiteAssets/gst_order/

pua_20141013_P.U.%20(A)%20272%20-%20Perintah%20CBP%20(Pembekalan%20Berkadar%20

Sifar)%202014.pdf

Goods and Services Tax (Zero-rated Supply)

Order 2014

Page 15: Deepavali Message from the Minister of International Trade ... · Export Import Trade Balance. 2014 Nobel Laureates Physics ... are Japan, Switzerland, the Russian Federation, Norway,

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

Comments & Suggestions

Name : Kanmalar NarayanasamyDesignation : Administrative Assistant Job Description : Responsible for processing of

Certificates of Origin.Division : Trade and Industry support DivisionEmail : [email protected] Details : 03-62000391

MITI

Integrity Quote

“To know what is right and not do it is the worst cowardice”

Confucius chinese philosopher (551 - 479 BC)

Glossary of Terms (No. 9, 2014)AGREEMENT ON AGRICULTURE (AoA)

One of the outcomes of the Uruguay Round

(1986-1994)

The Agreement provides the first effective multilateral framework for the long-term reform and liberalization of agricultural trade by establishes new rules & commitments in market access, domestic support and export competition.

Market Access

Market access for agriculture basically covers the tariffs and

tariff quotas negotiated during the Uruguay Round.

The Uruguay Round outcome restricted the expansion of trade-distorting measures and maintained or opened new access to markets for

agricultural products.

Domestic Support

Any domestic subsidy or other measure which acts to maintain producer prices at

level above those prevailing in international trade.

Export Competition

The practice of competing internationally in markets for

agricultural commodities through, for example, export subsidies, subsidized export

credits, state-trading enterprises, differential

pricing, abuse of food aid and non-transparent market

support systems.

Name : Ananda Raj al PunjawaleyDesignation : Administrative Assistant Job Description : Responsible for processing of

Certificates of Origin.Division : Trade and Industry support DivisionEmail : [email protected] Details : 03-62000398

MITI Weekly Bulletin | www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”