miti in the news weekly... · 2015-06-30 · international report miti weekly bulletin / u.s....

The International Trade and Industry Minister Dato’ Sri Mustapa Mohamed chaired the MITI Dialogue session with the Pharmaceutical and Medical Devices industry Associations. The objective of the Dialogue was to review and consider for implementation several recommendations pertaining to the pharmaceutical and medical devices sectors.

Leaders of five industry associations attended the session. They were from the Malaysian Organisation of Pharmaceutical Industries, the Pharmaceutical Association of Malaysia, the Association of Malaysian Medical Industries, the Malaysia Medical Device Association and the Cosmetics, Toiletry and Fragrance Association of Malaysia. The dialogue session is the latest in a series of stakeholder consultations with private sector and NGO groups which MITI holds regularly.

MITI DIALOGUE WITH THE PHARMACEUTICAL AND MEDICAL DEVICES INDUSTRY ASSOCIATIONS

26 JUNE 2015

MITI in The NEWS

In his opening remarks, Dato’ Sri Mustapa pointed out that the medical device industry has been identified as a high potential growth sub-sector under the 11th Malaysia Plan, which is the “last lap” in spearheading Malaysia’s transition into a high-income economy by 2020, in view of its linkages to other economic sectors such as manufacturing and services. The Minister said approved investments in the medical devices industry totalled RM11 billion from 2010 – 2014, while exports increased from RM11.9 billion in 2013 to RM13.4 billion in 2014.

Dato’ Sri Mustapa also highlighted that 2015 is also a momentous year for ASEAN. Come December, ASEAN, under the chairmanship of Malaysia, will formally establish the ASEAN Economic Community (AEC). The implementation of AEC has contributed to substantial reduction and elimination of trade and investment barriers leading to the creation of a single market of 625 million people. With a combined GDP of USD2.5 trillion and growing middle class population, ASEAN has emerged as a major market for not only Malaysia but other trading partners of ASEAN. It is a very competitive market and Malaysian business community has to re-strategize and adopt a more aggressive marketing strategy to gain market access.

The Government recognizes that the market potential for pharmaceutical and medical devices is growing in the region. This growing potential is also contributed by the need in ASEAN for a resilient health system in response to communicable and emerging infectious diseases, and enhanced access to essential healthcare services and good quality medical products, including medicines and pharmaceuticals.During the dialogue session, discussions centred on various issues related to the two industries, including incentives, government procurement, intellectual property rights, financing, the Goods and Services Tax (GST), clinical trials, research and development, registration procedures/licensing requirements and supply chain issues.Dato’ Sri Mustapa assured the participants that MITI will work continuously with the relevant stakeholders to resolve any issues pertaining to their industry. “Our doors are always open” he stressed. Ministry of International Trade and IndustryKuala Lumpur26 June 2015

MITI Weekly Bulletin / www.miti.gov.my

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MALAYSIA

Household Income, 2014Key Indicator

Household Group by Income

Note:1 CAGR: Compounded annual growth rate (%) 2012-2014

Note: 2 Household Groups: B40 - Bottom 40%, M40 - Middle 40%, T20 - Top 20%

Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my

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-Poverty Incidence is the number of households having an income below the Poverty Threshold.

Household Income by State

Source : Department of Statistics, Malaysia

386.5

RM386.5 bil.


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Median

Malaysia 3,626 4,585 11.7 5,000 6,141 10.3

Johor 3,650 5,197 17.7 4,658 6,207 14.4

Kedah 2,633 3,451 13.5 3,425 4,478 13.4

Kelantan 2,276 2,716 8.8 3,168 3,715 8.0

Melaka 3,923 5,029 12.4 4,759 6,046 12.0

Negeri Sembilan 3,575 4,128 7.2 4,576 5,271 7.1

Pahang 3,067 3,389 5.0 3,745 4,343 7.4

Pulau Pinang 4,039 4,702 7.6 5,055 5,993 8.5

Perak 2,665 3,451 12.9 3,548 4,268 9.2

Perlis 2,387 3,500 19.1 3,538 4,445 11.4

Selangor 5,353 6,214 7.5 7,023 8,252 8.1

Terengganu 3,034 3,777 11.0 3,967 4,816 9.7

Sabah 2,860 3,745 13.5 4,013 4,879 9.8

Sarawak 3,047 3,778 10.8 4,293 4,934 7.0

W.P. K.Lumpur 5,847 7,620 13.2 8,586 10,629 10.7

W.P. Labuan 5,063 5,684 5.8 6,317 7,591 9.2

W.P. Putrajaya 6,486 7,512 7.3 8,101 10,401 12.5

State 2012 2014 CAGR (%)2012 2014 CAGR (%)

Mean

Household Equipment Ownership

Incidence of Pover t y by Strata and Main Ethnic Group

%


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%

20142012

0 0.5 1 1.5 2 2.5 3 3.5

Malaysia

Urban

Rural

Bumiputera

Chinese

Indians

1.7

1.0

3.4

2.2

0.3

1.8

Malaysia Urban Rural Bumiputera Chinese Indians

0 0.5 1 1.5 2

Malaysia

Urban

Rural

Bumiputera

Chinese

Indians

0.6

0.3

1.6

0.8

0.1

0.6

Malaysia Urban Rural Bumiputera Chinese Indians

Note: The classification of area by strata is as follows: (i) Metropolitan 75,000 and above (ii) Urban large 10,000 to 74,999 (iii) Urban small 1,000 to 9,999 (iv) Rural All other areas For purposes of tabulation, the strata were combined as follows: Urban = Metropolitan + Urban large Rural = Urban small + All rural



Source : Malaysia Petroleum Resources Corporation MITI Weekly Bulletin / www.miti.gov.my

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Malaysia Top 10 Ranking in Oil and Gas Services and Equipment Companies

No Company NameRank by RevenueRank 2013

Rank 2012

1 SAPURAKENCANA PETROLEUM BERHAD 1 3

2 MALAYSIA MARINE AND HEAVY ENGINEERING HOLD-INGS BERHAD 2 1

3 DIALOG GROUP BERHAD 3 74 BUMI ARMADA BERHAD 4 65 KNM GROUP BERHAD 5 4

6 MUHIBBAH ENGINEERING (M) BERHAD 6 2

7 TECHNIP GEOPRODUCTION (M) SDN. BHD. 7 9

8 SCOMI GROUP BERHAD 8 NA9 WAH SEONG COPORATION BERHAD 9 5

10 HELLIBURTON ENERGY SERVICES (MALAYSIA) SDN. BHD. 10 8

World Liquid Fuels Production and Consumption Balance

Travel & Tourism Competitiveness Index Ranking2015


MITI’s ASEAN Portal can be accessed via http://www.miti.gov.my/cms/aec2015 .jsp.

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Spain

France

Germany

United States

United Kingdom

Switzerland

Australia

11 Singapore

25 Malaysia

35 Thailand

50 Indonesia

74 Philippines

75 Vietnam

96 Lao PDR

105 Cambodia

134 Myanmar

TOP 7

Note: The Report analyses the performance of 141 economies through the Travel & Tourism Competitiveness Index (TTCI) and explores how the T&T sector has responded to economic, security and health shocks over recent decades. The measures are based on 14 pillars and categorized into 4 sub indexes. These pillars are considered as the main drivers to T&T competitiveness

Source : http://www3.weforum.org/docs/TT15/WEF_Global_Travel&Tourism_Report_2015.pdf

and You’ ’

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International Repor t


U.S. Economic Indicators, 2015

Source: Bureau of Economic Analysis

Consumer Price Index

Unemployment Rate

Gross Domestic Product Growth

Inflation Rate

Economic Indicators Jan

-0.09%

5.7%

2.2%GDP Q4 2014

Second Estimate

2.2%GDP Q4 2014

Third Estimate

0.2%GDP Q1 2015

Advance Estimate

-0.7%GDP Q1 2015

Second Estimate

-0.2%GDP Q1 2015

Third Estimate

5.5% 5.5% 5.4% 5.5%

233.7 234.7 236.1 236.6 237.8

-0.03% -0.07% -0.20% -0.04%

Feb Mar Apr May

-5,000.0

0.0

5,000.0

10,000.0

15,000.0

20,000.0

25,000.0

30,000.0

35,000.0

40,000.0

45,000.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Singapore's Trade, Jan 2000 - Mar 2015

ExportImportTrade Balance

US$ million

Singapore

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0.0

20,000.0

40,000.0

60,000.0

80,000.0

100,000.0

120,000.0

140,000.0

160,000.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

USD million Singapore's Trade of Electronic Integrated Circuits & Microassemblies & Parts

HS: 85420.0

20,000.0

40,000.0

60,000.0

80,000.0

100,000.0

120,000.0

140,000.0

160,000.0

180,000.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

USD million Singapore's Trade of Petroleum Oils (Not Crude)

HS: 2710

0.0

5,000.0

10,000.0

15,000.0

20,000.0

25,000.0

30,000.0

35,000.0

40,000.0

45,000.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

USD million Singapore's Trade of Crude Petroleum Oils

HS: 2709

MITI Weekly Bulletin / www.miti.gov.mySource: World Trade Atlas

90.4

294.0

7.2 14.7

97.6

308.6

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Exports Imports Total TradeUS$ million

Source :IMF, wikipedia, tradingeconomics, Wikipedia, Trademap

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

G r e e c e

Source:Department of Statistics, Malaysia

Malaysia’s Trade with Greece: 2005-2014

External Trade (2014)

Exports: US$ 62.2 bil.Imports: US$35.8 bil.

Total Trade:US$ 98.0 bil.

NationalAccount

GDP Growth Rate0.8% ( 2014)

PricesInflation Rate-1.4% (2014)

LabourUnemployment Rate

26.5% (2014)

Area131,957 sq km 50,949 sq miles

Population11 million

2014

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The World’s Biggest EmployersThe employers with the largest workforces worldwide in 2015

US Department of Defense People’s Liberation Army, China

Walmart

MacDonald’sUK National Health Service

Hon Hai Precision Factory

State Grid Corporation of China

China National Petroleum Corporation of China

Indian Railways

Indian Armed Forces

3.2million

2.3million2.1million




1.2million


Source:http://www.statista.com/chart/3585/the-worlds-biggest-employers/

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

0.2850.2900.2950.3000.3050.3100.3150.3200.3250.3300.3350.340

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

2014 2015

100 KRW = RM 100 JPY = RM

100 JPY = RM 2.98

100 KRW = RM 0.33

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

Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

Malaysian Ringgit Exchange Rate with South Korean Won and Japanese Yen

Gold Prices, 20 February - 26 June 2015

Silver Prices, 20 February - 26 June 2015

Source : Bank Negara, Malaysia

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38.9

37.6

35.5

36.0

36.5

37.0

37.5

38.0

38.5

39.0

39.5

20 F

eb

27 F

eb

6 M

ar

13 M

ar

20 M

ar

27 M

ar

3 Ap

r

10 A

pr

17 A

pr

24 A

pr

29 A

pr

8 M

ay

15 M

ay

22 M

ay

29 M

ay

5 Ju

n

12 Ju

n

19 Ju

n

26 Ju

n

US$/Gram Gold

16.2 16.0

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

20 F

eb

27 F

eb

6 M

ar

13 M

ar

20 M

ar

27 M

ar

3 Ap

r

10 A

pr

17 A

pr

24 A

pr

29 A

pr

8 M

ay

15 M

ay

22 M

ay

29 M

ay

5 Ju

n

12 Ju

n

19 Ju

n

26 Ju

n

US$/Oz Silver

Source: Ministry of International Trade and Industry, Malaysia

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

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)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)

3 May 10 May 17 May 24 May 31 May 7 Jun 14 Jun 21 JunAANZFTA 54 66 78 85 86 78 77 87AIFTA 129 149 167 130 154 128 89 236AJCEP 37 97 54 81 78 58 56 76

0

50

100

150

200

250

RM

mill

ion

3 May 10 May 17 May 24 May 31 May 7 Jun 14 Jun 21 JunATIGA 630 793 1,004 811 1,453 918 942 802ACFTA 555 635 634 774 542 632 762 726AKFTA 160 210 1,955 431 2,433 305 91 125

0

500

1,000

1,500

2,000

2,500

3,000

RM

mill

ion

3 May 10 May 17 May 24 May 31 May 7 Jun 14 Jun 21 JunMICECA 36.94 40.91 68.16 63.69 46.88 58.06 43.12 58.12MNZFTA 0.14 0.06 0.28 0.32 0.05 0.14 0.16 0.19MCFTA 5.82 24.68 38.86 22.92 5.09 24.81 20.97 16.39MAFTA 29.77 26.38 38.37 29.92 51.69 37.80 34.62 45.01

0

10

20

30

40

50

60

70

80

RM m

illio

n

3 May 2015 10 May 2015 17 May 2015 24 May 2015 31 May 2015 7 Jun 2015 14 Jun 2015 21 Jun 2015

AANZFTA 640 689 826 978 774 841 799 836AIFTA 507 649 636 609 599 605 527 597AJCEP 121 191 210 236 187 170 196 179ATIGA 3,331 4,009 4,872 4,573 4,126 4,390 4,548 4,532ACFTA 1,196 1,355 1,571 1,659 1,461 1,653 1,319 1,535AKFTA 650 704 934 769 1,173 816 670 851MICECA 262 335 383 337 289 362 279 328MNZFTA 2 4 11 15 6 8 2 14MCFTA 57 51 63 55 43 71 75 55MAFTA 317 343 410 349 352 494 438 291MJEPA 659 797 849 930 802 844 687 839MPCEPA 112 149 115 176 207 138 137 177GSP 104 110 140 132 131 188 97 105

3 May 10 May 17 May 24 May 31 May 7 Jun 14 Jun 21 JunMJEPA 88 128 141 177 146 220 133 523MPCEPA 17 20 14 58 88 21 27 73GSP 13 34 25 20 19 22 16 16

0

100

200

300

400

500

600

RM

mill

ion

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional data)

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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)26 June 2015

(US$) 59.7 658.5 254.8 1,550.0 2,250.9 45.3 280 (high)260 (low)

% change* 0.1 0.8 2.0 1.3 2.8 1.9 unchangedunchanged

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

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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 (26 June 2015)US$59.7 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

201529 May 2015: 60.3

201513 Mar 2015: 44.8

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (26 June 2015)

US$658.5 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

20156 Feb 2015: 621.0

Steel Bars(per MT)

RM1,760 - RM1,860

Average Domestic Prices, 19 June 2015

Billets(per MT)

RM1,420 - RM1,480

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“D

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Transform

ation, PO

WER

ING

Grow

th”


661.0

651.5

659.5

656.5

647.0

654.0655.0

648.8

660.0

672.0

663.5658.5

630

635

640

645

650

655

660

665

670

675

10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun

US$

/mt

Crude Palm Oil

2,017.1

2,042.1

2,067.5

2,045.4

2,143.9

2,109.6

2,260.7

2,186.5

2,213.8

2,143.0

2,173.62,188.9

2,250.9

1,900

1,950

2,000

2,050

2,100

2,150

2,200

2,250

2,300

3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May22 May29 May 5 Jun 12 Jun 19 Jun 26 Jun

US$

/mt

Cocoa

275.5

283.6

291.8

287.0288.8 287.5

278.3

262.3 263.4

254.3

249.8

254.8

220

230

240

250

260

270

280

290

300


US$

/mt

Raw Sugar

1,373.0

1,390.0

1,405.0

1,435.0

1,502.01,510.0

1,523.5

1,629.01,615.5

1,584.01,570.5

1,550.0

1,350

1,400

1,450

1,500

1,550

1,600

1,650


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 7,031

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

2014 2015

USD

/ to

nne

Black Pepper

* until 26 June 2015

51.6

55.757.2

58.659.4 59.7 59.7

60.359.1

60.0 59.6 59.7

57.9

63.5

65.364.6

65.466.8

65.4 65.6

63.3 63.963.0 63.3

40

45

50

55

60

65

70


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

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“D

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ING

Grow

th”


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

1,500

1,600

1,700

1,800

1,900

2,000

2,100


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

12,000

13,000

14,000

15,000

16,000

17,000

18,000

19,000

20,000


2014 2015

US$

/ to

nne

Nickel

270.0 270.0 270.0 270.0 270.0 270.0 270.0 270.0 270.0

280.0 280.0 280.0

250.0 250.0 250.0 250.0 250.0 250.0 250.0 250.0 250.0

260.0 260.0 260.0

200

220

240

260

280

300

320

340

13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 8 May 15 May 29 May 5 Jun 19 Jun

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

5,500

5,700

5,900

6,100

6,300

6,500

6,700

6,900

7,100

7,300

7,500


2014 2015

US$

/ to

nne

Copper

56.4

55.254.4

53.3

52.0 51.8 51.6

50.3

49.1 48.8

46.2

45.3

40.0

42.0

44.0

46.0

48.0

50.0

52.0

54.0

56.0

58.0


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

68.063.0

58.0

52.0

60.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0


2014 2015

US$

/dm

tu

Iron Ore

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Established in 1961 as Syarikat Letrik Kee Hin, the Khind journey began by repairing small electrical products. Nearly 20 years later, the company ventured into manufacturing small electrical accessories, with the first product being a direct-current (DC) ballast. Slowly but surely, the company moved into the import and distribution of electrical products in 1982 and eventually started exporting their own products in 1988. Today, Khind Holdings Berhad (Khind) exports to more than sixty countries worldwide, with a total export business of RM130 million in 2012.

KHIND DEVELOPING YEARSKhind decided to venture into manufacturing in the late 1970s, after realising that it would be more profitable for business expansions and support alike. Many new changes began for Khind with this drastic move. When the first batch of export orders came from West Asia, it paved the way for more export opportunities to open up for Khind. Within a year of exporting, Khind had made a profit of almost RM4 million. This profit turned into a whopping RM50 million within a few years, as Khind continued its achievement streak with positive outlooks for future investments.

In 1990, a new manufacturing plant was set up in Sekinchan, Selangor and eventually Khind started to manufacture electric fans, one of their best selling products to date. Manufacturing electrical products needed precision and quality assurance. As such, Khind started to employ professional managers and skilled expertise to support their growth and expansion into international markets. By 1998, Khind was listed on the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia).

In 2002, Khind was the market leader for general fans in Malaysia. Understanding the importance of brand building and international trade, Khind focused their export expansion through participation in several MATRADE’s trade missions overseas. Participating in these trade missions allowed the company to forge new ties and business opportunities with countries such as the United Arab Emirates, Saudi Arabia and Kuwait.Investing in market research is a key business objective of Khind, as the company’s leadership understands that much of the business direction depended on market stability and evolving needs.

EXPANDING THE BUSINESS OVERSEASFrom a humble electrical repair shop, the company is now in a highly successful position, poised to export locally manufactured electrical appliances worldwide. Research and development was crucial, and Khind spent much thought and energy in ensuring the company understood the market needs and demands. Cable clips were the first accessories to be manufactured and shipped to Dubai, replacing European suppliers. Of course, while pricing was relatively cheaper, there was no compromise in quality and design.

To date, Malaysia accounts for 55% of Khind’s total turnover, while the remaining 45% comes from the overseas market. Khind’s biggest international market thus far is Singapore, where their presence is strongly seen in the retail, wholesale and industrial electrical business. Khind’s Singapore operations have almost 120 employees working for the group. The Singapore market alone accounts for RM31 million of turnover. Besides Singapore, Khind also has a strong presence in West Asia and North Africa, that account for almost RM33 million in terms of turnover.

In 2001, Khind took another giant leap with a key milestone when they acquired Mistral, a well known Australian brand. Thus, Mistral Singapore Pte. Ltd – a subsidiary of Khind Holdings Berhad was born. Looking at the company’s growth, Khind is growing at a compounded rate of 20% every year.

Khind – Truly One of a Kind!

In 2012 alone, Khind Holdings Berhad had achieved quite a feat, closing RM240 million in sales. Khind recognised the need to look beyond Malaysia, and tap into the export potential. For the last two years, there have been acquisitions of four cluster of companies, namely in Malaysia, Hong Kong, Singapore and China. A Singaporean company was also acquired in 2012, with strong retail business presence in Brunei and Singapore respectively.

The company continues to look for acquisition opportunities and new markets, particularly in renewable energy and green technology. From research and years of strategic business development, Khind has recognised enormous potential for this in West Asia and North Africa.

BUILDING A BRAND WITH MATRADE’S ASSISTANCELike many other Malaysian counterparts, Khind attended and participated in MATRADE trade fairs and trade missions in the early years, allowing for early penetration into international markets. “In March 2007, MATRADE approved a brand promotion grant of RM1.991 million, that has helped greatly in our own brand building exercises,” says Cheng Ping Keat, Group CEO of Khind Holdings Berhad.

MATRADE’s role in facilitating trade between Malaysian companies and foreign buyers has allowed for businesses to explore new frontiers in uncharted lands for the business. The company regards government assistance as a stepping stone for the business. “What MATRADE does is like a booster, a bonus of sorts. However, it is really up to us to be self-reliant and independent after that,” Cheng adds.

COMPETING IN THE GLOBAL STAGEKhind’s work culture defines how they interact with the rest of the world. The company prides itself on teamwork and an attitude that aims for continuous improvement in all aspects of the business as key drivers for their exponential growth. Keeping up with the times, Khind also uses social media as a tool to engage with their employees, where internal staff can interact and keep abreast with the latest developments of the company online.

Through trust and progressive education, Khind believes that adapting to change and being resilient in times of challenges are their strengths that have brought them thus far. With a strong focus on customer satisfaction and quality product delivery, Khind continues to compete in a global arena while strengthening their presence in both local and international playing fields alike.

customers and their needs better,” explains Cheng. “Once in a while, we may slip and fail. Do not be discouraged. Turn your failures into experiences to learn from. Always have a positive relationship with failure,” he adds.

No. 2, Jalan Astaka U8/82, Bukit Jelutong, 40150 Shah Alam, Selangor D.E., Malaysia. Tel : 603-7839 2000 Fax : 603-7845 6300 / 603-7847 5300 Email : [email protected]

Khind Holdings Berhad

MITI ProgrammeRoundtable Meeting

With Thai Private Sector, 28 June 2015

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Info Session on Asean Economic Community , 24 Jul 2015


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Name : Salina Zainol AbidinDesignation : Assistant Administrative OfficerJob Description : Managing administrative matters Division : FinanceContact No : 603-6203 5123Email : [email protected]

Name : Iqram Mohd IdrusDesignation : Assistant AccountantJob Description : Responsible for the overall payment matters

and other accounting tasksDivision : FinanceContact No : 603-6200 0091Email : [email protected]

“DR

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miti in the news weekly... · 2015-06-30 · international report miti weekly bulletin / u.s....

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