miti in the news · of february or early march 2015. “we are also preparing to take over the...

No. ISSN: 2180-0448“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

Source: Bernama, 19 November 2014

MITI in the newsMalaysia to Add 28 New Sub-Sectors in Liberalisation of Services Sector

Malaysia will finalise the remaining 28 new sub-sectors in the liberalisation of services sector by next year, for inclusion in the 10th ASEAN Framework Agreement on Services (AFAS) package.

International Trade and Industry Minister Dato’ Sri Mustapa Mohamed said Malaysia had cumulatively covered 100 services sub-sectors in the Ninth Package, among them, healthcare, tourism and telecommunications.

He said Malaysia is currently gathering suggestions and feedback from other ASEAN countries which would be discussed at the end of February or early March 2015.

“We are also preparing to take over the chairmanship of ASEAN next year, and we hope the 10th Package would be finalised by October ahead of the targeted launch date of the ASEAN Economic Community by end-2015,” he told the media after the National Seminar and Workshop on Trade in Services here, today.

He said the 28 sub-sectors might not be necessarily new, with enhancements to be made on existing sub-sectors made under the Ninth Package, on matters such as freer trade in the services sector.

On domestic services sector growth, Mustapa is optimistic the sector could achieve 60 per cent contribution to the gross domestic product by 2020, from the current 54.9 per cent, with the implementation of the Services Sector Blueprint 2014 that aims to strengthen competitiveness.

MITI Weekly Bulletin | www.miti.gov.my

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“It is important to have correct information and that should be corrected accordingly,” International Trade and Industry Minister Dato’ Sri Mustapa Mohamed told Bernama Tuesday.

“Sometimes, there are misunderstandings. So we need to hold more meetings and they have been undertaken with the affected parties. Sometimes, it could be wrong information and misunderstanding. What’s more important we must correct the misinformation,” he said.

In the first seven months of this year, approved investments in the E&E sector reached RM8.4 billion with 57 approved projects.

The ministries of International Trade and Industry Ministry (MITI) and Human Resource will look into the allegations on forced labour in the electrical and electronics (E&E) sector in Malaysia.

According to news report, the US Labour Department would put Malaysian on the “International Ranking on Forced Labour” watch list in December on findings from a global non-governmental organisation, Verite, on labour issues in the sector.

The US Labour Department-funded Verite highlighted several issues regarding employment in the country’s E&E sector including deceptive recruitment, poor living conditions and passport retention.

“This could be on misinformation. We will have constant engagements with the relevant authorities regarding the issues.”

MITI, HR Ministries to Look into Allegations on Forced Labour


Mustapa said another issue being discussed at the meeting was the outreach programmes to elevate the level of awareness among the people on AEC’s opportunities and to listen to concerns among the people on the perceived threat the AEC might post.

He said it was important for the ministries and agencies to undertake a coordinated effort towards creating greater awareness of the various initiatives among stakeholder under their responsibilities.

“The Ministry of International Trade and Industry has organised over hundred outreach programmes covering trade and industry associations, small and medium enterprises, school and university students, non-governmental organisations, civil societies, media and grassroots levels,” he said.

Malaysia’s economic scorecard under the ASEAN Economic Community (AEC) Blueprint is currently at 83.9 per cent with 70 out of 436 variable measures still not being implemented, says Minister of International Trade and Industry (MITI), Dato’ Sri Mustapa Mohamed.

The minister said Malaysia was now ranked sixth among the ten ASEAN countries in AEC’s economic scorecard.

He said he was confident to be able to implement at least half of the 70 unimplemented variables in six months’ time or middle of next year to improve the country’s ranking.

“The variables, among others, fall under different category measures like trade in goods, elimination of non-tariff barriers, service liberalisation and non ratification of agreements and involving many sectors,” he said.

Mustapa said this at a media briefing after chairing an inter-agency meetings on AEC with ministers in the capital, Monday.

“Overall, ASEAN has implemented 82.1 per cent of the prioritised AEC measures identified in 2013 and an additional 53 key deliverables for 2014 to 2015 had also been implemented as at middle August this year.

“Malaysia’s implementation rate is well within other member states’, ranging from 81 per cent to 86 per cent,” he said.

Malaysia Set to Improve Economic Scorecard Under ASEAN Blueprint



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New Logo and motto bring out the essence of ASEANTen curved elements, each representing a member country, make up the dominant feature of the ASEAN logo for next year when Malaysia takes on the role of chairman of the regional body.

Bearing ASEAN’s 2015 motto of Our People, Our Community, Our Vision, the logo reflects unity and progress in the region.

Wisma Putra, in a brief note to explain the logo, said that the curved elements surrounding the logo were arranged in an atom molecular loop to symbolise the progress of ASEAN countries in keeping pace with advances in science and technology.

The 10 circles and curves forming a ring around the ASEAN logo also reflects how people in the 10 member countries work together in friendship and harmony to achieve a shared vision.

On the choice of colour, red was chosen to reflect the fearless nature of ASEAN member countries while yellow reflects prosperity. Blue represents peace.

Green reflects the friendliness among ASEAN countries while purple symbolises wealth, wisdom and intelligence.

Source: The Star, 14 November 2014

SMEs Should Take Advantage of Government Incentives of RM11.4 Billion

All small and medium enterprises (SMEs) should take advantage of the RM11.4 billion in government incentives earmarked for their development next year, said International Trade and Industry Minister Dato’ Sri Mustapa Mohamed.

The recent 2015 Budget outlined several measures to further facilitate the SME development and strengthen their long-term competitiveness, he added.

“Take advantage of this incentive to expand your businesses. In doing so, you will be able to further contribute to Malaysia’s economic growth,” he said in his speech before presenting the Enterprise 50 Awards at a dinner here on Friday.

The Enterprise 50 is an annual awards programme organised by SME Corp Malaysia and Deloitte Malaysia, with other supporting sponsors, to recognise the achievements of Malaysia’s SMEs.

Mustapa said next year will mark an important milestone for Malaysia and its SME community as the Asean Economic Community (AEC) will be realised then.

“The formation of the AEC will offer great opportunities for Malaysian SMEs. As a single market with a population of 620 million, Asean’s total trade is worth US$2.5 trillion (RM8.1 trillion) with an annual gross domestic product (GDP) growth forecast of more than five per cent,” he added.

To further enhance the value chain activities, Mustapa said Asean and its neighbours, are negotiating to form a Regional Comprehensive Economic Partnership Agreement (RCEP).

“When concluded, RCEP will form a trading group with a market size of over three billion and a combined GDP of over US$21 trillion, contributing to almost half of the global trade. Malaysian companies must embrace the AEC and East Asian integration. Economic integration will open new business opportunities and create greater value to our businesses,” he added.

Meanwhile, Deloitte Malaysia country managing partner Tan Cheng Hook in his speech said SMEs played a crucial part in strengthening Malaysia’s economic growth.

“You contribute 33 per cent to Malaysia’s GDP, and this is targeted to increase to 41 per cent by 2020,” he said.The award programme began in 1997 with support from the MITI.

Fifty winners were selected based on their financial capabilities, operations and management skills.

The winners received the Enterprise 50 award trophy and certificate at the gala dinner.



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MALAYSIATrade in Services, Q3 2014

EXPORTSRM30.7 bil.-2.8% (y-o-y)

IMPORTSRM37.0 bil.1.8% (y-o-y)

Total TradeRM67.7 bil.-0.4% (y-o-y)

Trade in Services, Q1 2012 - Q3 2014

26.8

28.6

29.9

31.8

30.6 30.3

31.5

34.4

32.631.6

30.732.2

33.3 33.2

34.533.2

35.4

36.4

38.5

35.3 35.3

37.0

25

27

29

31

33

35

37

39

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2012 2013 2014

RM billion

Exports Imports

Exports of Services, Q3 2014

Source: Department of Statistics, MalaysiaNote: * = year-on-year growth

TravelRM17.3 bil.

5.6%*

TransportRM3.8 bil.

1.8%*Telecommunication

RM2.1 bil.-3.0%*

ConstructionRM0.7 bil.

-17.1%*

OthersRM6.8 bil.

-19.6%*

Total ExportsRM30.7 bil.

-2.8%*

Insurance and pension services

Maintenance and repair services

Personal, cultural and recreational services

Financial services

Other business services

Government goods & services

Charges for the use of Intellectual Property

RM0.3 bil. -8.0%*

RM0.2 bil. 35.2%*

RM0.3 bil. -34.9%*

RM0.2 bil. 21.0%*

RM0.1 bil. 13.6%*

RM0.04 bil. -36.9%*

RM5.7 bil. -21.2%*

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Imports of Services, Q3 2014

Source: Department of Statistics, MalaysiaNote: * = year-on-year growth

Distributive Trade Performance* by sub - sectors, Q1 2012 - Q3 2014

105.

2 107.

4

108.

7

107.

7

108.

2

109.

3 112.

2 115.

1

115.

8

117.

2

118.

3

95

100

105

110

115

120

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2012 2013 2014Sales (RM billion)

Wholesale Trade

69.0 70.172.7 72.5

74.475.7

78.980.5

82.884.1

87.4

60

65

70

75

80

85

90

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2012 2013 2014

Sales (RM billion)

TRADE

Retail Trade

Insurance and pension services

Maintenance and repair services

Personal, cultural and recreational services

Financial services

Other business services

Government goods & services

Charges for the use of Intellectual Property

RM0.2 bil. 9.6%*

RM0.7 bil. -3.3%*

RM0.5 bil. -31.4%*

RM0.3 bil. 45.5%*

RM1.4 bil. 28.9%*

RM0.1 bil. 17.7%*

RM7.3 bil. 0.9%*

TravelRM10.5 bil.

9.6%*

TransportRM12.4 bil.

5.8%*

TelecommunicationRM2.5 bil.

2.8%*Construction

RM1.0 bil.-55.6%*

OthersRM10.6 bil.

2.5%*

Total ImportsRM37.0 bil.

1.8%*


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27

28

29

30

31

32

33

34

35

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2012 2013 2014

29.7

31.131.7

30.5

31.2 31.1

33.1

31.8

32.5

34.5 34.6

Sales (RM billion)

Motor Vehicles

Source : Department of Statistics, Malaysia Note : * Distributive Trade = The distributive trade sector encompasses the wholesale trade, retail trade and motor vehicles sub-sectors.

Motor Vehicles

INTERNATIONAL REPORT

Thailand Economy, Q3 2014

0.6%

GDP

2.0%

Inflation Rate

Hotel & Tourism Sector

4.6%

2.9%

Total Investment

ExportsUS$56.9 bil

1.7%

Manufacturing Sector

0.7%

Source: Office of the National Economic and Social Development Board, Thailand


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Coffeeland is a beverage manufacturer that markets the Java Blenz range of ice-blended drinks. Founded in 1998 in Bandar Puteri Puchong, Selangor, the company developed and expanded its line of beverages through strategic partnerships. Today, its products can be found at kiosks, cafes and restaurants.

Coffeeland was certified by SME Corp. Malaysia to carry the National Mark to gain market attention and secured a deal with a distributor in Indonesia.

Moving forward, Coffeeland intends to partner with more overseas distributors as it works toward achieving its vision of becoming the leading home-grown manufacturer of premium ice-blended cofees and beverage solutions.

Success Story

No 42, 42-1, 42-2, Jalan Puteri 5/5, Bandar Puteri Puchong, 47100 Selangor, Malaysia Tel : +603.8065 2335 Fax : +603.8065 2337 [email protected] & [email protected]

CONTACT US


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2014 Aon Hewitt Top Companies for Leaders Winners

25 winners of the Aon Hewitt Top Companies for Leaders 2014 global award

“ Sime Darby ranks high in best-in-class talent management practices ”

Rank Company Location1234

5 6789

101112131415161718192021

22 23 24 25

General Electric Company

International Business Machines

Hindustan Unilever Limited

General Mills. Inc

ICICI Bank Ltd

The Procter & Gamble Company

Colgate-Palmolive Co

3M

Novartis AG

Mahindra Group

McDonald's Corp

Intel Corporation

Whirlpool Corp

ArcelorMittal

Weg SA

Deere & Company

Eli Lilly and Company

DBS Group Holdings Ltd

Royal Dutch Shell plc

Singapore Telecommunication Limited

Sonoco Products Co

Sime Darby BerhadCargill Inc

American Express Company

Raytheon Company

USA

USA

INDIA

USA

INDIA

USA

USA

USA

SWITZERLAND

INDIA

USA

USA

USA

LUXEMBOURG

BRAZIL

USA

USA

SINGAPORE

NETHERLANDS

SINGAPORE

USA

MALAYSIAUSA

USA

USA

Source: Aon Hewitt

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Do you know?...Most Expensive International Cities for Room Service Cost

Worldwide as of February 2014

Source: www.statista.com

59.88

62.34

65.7

67.83

67.89

69.16

72.34

73.31

87.59

88.94

0 20 40 60 80 100

Copenhagen, Denmark

Singapore

Toronto, Canada

New York City, New York

Paris, France

Stockholm, Sweden

Zurich, Switzerland

Seoul, South Korea

Olso, Norway

Helsinki, Finland

US$

10 Countries with the Largest Gross Domestic Product (GDP) per capita in 2014*

Note: * = estimated figures

116,752.5

99,294.794,743.5

84,343.5

62,821.5 61,884.557,556.6 56,112.9 54,678.2 52,248.9

0

20,000

40,000

60,000

80,000

100,000

120,000

Luxe

mbo

urg

Nor

way

Qat

ar

Switz

erla

nd

Aus

tral

ia

Den

mar

k

Swed

en

Sing

apor

e

USA

Net

herla

nds

US$


“DR

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Source: Ministry of International Trade and Industry, Malaysia

Number and Value of Preferential Certificates of Origin (PCOs)

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, Kazakhstan, Cambodia, Liechtenstein and Belarus.

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



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

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

AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA

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

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

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

19 Oct 2014 1,025 544 220 4,993 1,770 787

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

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

09 Nov 2014 832 491 291 4,800 1,470 799

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

MICECA MNZFTA MCFTA MAFTA

28 Sep 2014 331 3 45 47005 Oct 2014 349 8 51 34212 Oct 2014 297 3 48 30419 Oct 2014 322 4 127 63926 Oct 2014 250 20 42 14002 Nov 2014 303 0 58 50709 Nov 2014 342 5 48 44616 Nov 2014 329 23 82 424

MJEPA MPCEPA GSP

28 Sep 2014 856 143 12505 Oct 2014 901 208 13812 Oct 2014 785 135 12819 Oct 2014 865 130 16926 Oct 2014 571 125 6102 Nov 2014 1,054 161 16409 Nov 2014 770 174 17116 Nov 2014 906 173 160

28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 Nov 9 Nov 16 NovAANZFTA 105 69 71 91 60 96 74 91AIFTA 118 142 119 91 80 84 80 93AJCEP 76 78 193 67 63 91 126 72

0

50

100

150

200

250

RM m

illio

n

28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 Nov 9 Nov 16 NovATIGA 836 802 641 697 662 645 862 687ACFTA 721 490 541 570 604 834 449 550AKFTA 231 110 119 917 90 712 881 211

0

100

200

300

400

500

600

700

800

900

1,000

RM m

iliio

n

28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 Nov 9 Nov 16 NovMICECA 38.33 44.93 43.01 46.42 46.44 39.98 37.69 55.46MNZFTA 0.03 0.11 0.02 0.21 0.51 0.00 0.21 0.48MCFTA 4.74 6.03 6.17 18.94 10.46 12.94 8.69 11.71MAFTA 36.49 30.24 24.35 52.21 12.67 38.90 84.91 32.38

0

10

20

30

40

50

60

70

80

90

RM

mill

ion

28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 Nov 9 Nov 16 NovMJEPA 146 113 122 154 91 182 133 287MPCEPA 34 70 19 15 44 25 63 81GSP 20 26 20 19 10 21 36 1,003

-200

0

200

400

600

800

1,000

1,200

RM m

illion


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

Malaysian Ringgit Exchange Rate with Euro and British Pound Sterling, January 2013 - October 2014

Gold and Silver Prices, 03 Jan - 14 Nov 2014

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

Source : Bank Negara Malaysia

4.00

4.20

4.40

4.60

4.80

5.00

5.20

5.40

5.60

3.503.603.703.803.904.004.104.204.304.404.504.60

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

2013 2014

Euro (EUR) British Pound Sterling (GBP)1 GBP = RM 5.26

1 EUR = RM 4.15

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

38.7

44.32

43.09

37.58

35

37

39

41

43

45

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 2

0 J

un

27

Ju

n 4

Ju

l 1

1 J

ul

18

Ju

l 1

Au

g 8

Au

g 1

5 A

ug

22

Au

g 2

9 A

ug

5 S

ep

12

Se

p 1

9 S

ep

26

Se

p 3

Oc

t 1

0 O

ct

17

Oc

t 2

4 O

ct

31

Oc

t 7

No

v 1

4 N

ov

gold/usd/gramme

20.1621.69 21.47

16.31

15

17

19

21

23

25

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 2

0 J

un

27

Ju

n 4

Ju

l 1

1 J

ul

18

Ju

l 1

Au

g 8

Au

g 1

5 A

ug

22

Au

g 2

9 A

ug

5 S

ep

t 1

2 S

ep

t 1

9 S

ep

t 2

6 S

ep

t 3

Oc

t 1

0 O

ct

17

Oc

t 2

4 O

ct

31

Oc

t 7

No

v 1

4 N

ov

silver /usd/oz

17,473

15,812

-

5,000

10,000

15,000

20,000

25,000

Jan13

Feb13

Mar13

Apr13

May13

Jun13

Jul13

Aug13

Sep13

Oct13

Nov13

Dec13

Jan14

Feb14

Mar14

Apr14

May14

Jun14

Jul14

Aug14

Sept14

Oct14

US$/MT

Nickel

2,038 1,946

8,047

6,737

-

2,500

5,000

7,500

10,000

Jan13

Feb13

Mar13

Apr13

May13

Jun13

Jul13

Aug13

Sep13

Oct13

Nov13

Dec13

Jan14

Feb14

Mar14

Apr14

May14

Jun14

Jul14

Aug14

Sept14

Oct14

US$/MT

Aluminium Copper


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Commodity Price Trends

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

Source :

693.0

697.0

710.0

705.0726.0

822.0

718.5

822.0

699.0710.5

748.0

720.0

600

650

700

750

800

850

29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov

US

$/m

t

Crude Palm Oil1,614.5

1,507.0

1,529.0

1,453.0

1,422.0

1,433.5

1,470.5

1,607.51,602.0

1,482.0

1,556.5

1,541.0

1300

1350

1400

1450

1500

1550

1600

1650

29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov

US

$/m

t

Rubber SMR 20

2,683.0

2,674.2

2,734.8

2,886.42,840.9

2,674.2

2,784.4 2,800.1

2,674.3

2,559.9

2,513.6

2,529.0

2300

2400

2500

2600

2700

2800

2900

3000

29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov

US

$/M

T

Cocoa 345.5

333.5

334.8

339.5

336.3

345.3

348.5

341.0

333.0328.5

324.0332.5

300

310

320

330

340

350

360

29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov

US

$/M

T

Raw Sugar

94.6

91.5

93.1

97.0

91.0

83.8

83.3

81.0

80.9

77.974.4

76.7

70

75

80

85

90

95

100

29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct 7 Nov 14 Nov

US

$/b

bl

Crude Petroleum57.2

56.5

56.5

54.5

51.4

52.851.8

51.351.6

53.3 53.3

52.0

48

49

50

51

52

53

54

55

56

57

58


US

$/m

t

Coal

380.0

320.0

370.0

300.0

250

270

290

310

330

350

370

390


US$

/mt

Scrap Iron

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

150.5

154.6

139.9

137.4

124.0

114.8

127.2

137.1

134.2

132.6

136.3

135.8

128.1

121.4

111.8

114.6

100.6

92.7

96.1

92.6

82.4

81.0

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 14 Oct

US

$/d

mtu

Iron Ore

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Crude Petroleum (14 November 2014)

US$76.7 per bbl

Crude Palm Oil(14 November 2014)

US$720.0 per MT

Highest & Lowest Prices, 2013/2014

17 November 2014 domestic prices for :1. Billets (per MT) : RM1,650 - RM1,7002. Steel bars (per MT) : RM1,900 - RM2,000

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 :

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)07 Nov 2014

(US$) 76.7 720.0 332.5 1,541.0 2,529.0 52.0 320.0 (high)300.0 (low)

% change* 3.1 3.7 2.6 1.0 0.6 2.3 9.913.0

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

13 Jun 2014: 107.62013

6 Sept 2013: 110.2

201407 Nov 2014: 74.4

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


“DR

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MITI MANAGEMENT RETREAT20 - 22 NOVEMBER 2014hOLIDAY INN, MELAKA


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IVIN

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