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MITI in the NewsEntrusted to Deliver, and So We Must
The months ahead will not be without challenges, but there is no back-tracking because we have seen and experienced the benefits of closer integration among ASEAN member countries.
IN 2015, under the chairmanship of Malaysia, 10 countries in our part of the world will declare the establishment of the ASEAN Community. Supported by three pillars – the Economic, Socio-Cultural and Political/Security – ASEAN is set to become an integrated region whose 620 million-plus population will be afforded the opportunity to become a single market and production base with a deeper sense of shared ASEAN identity, and a major actor on the global stage.
Or will we?
Let me just address the issue of the ASEAN Economic Community (AEC), for which the Ministry of International Trade and Industry (MITI) is a key driver. As chairman in 2015, MITI will spearhead the implementation of the AEC initiative.There is quite a bit of scepticism out there, especially among segments of the private sector, about the AEC. The expectations are high, as they have a right to be. There is much hope, rightly so, but much of this is also clouded by fear and confusion.
ASEAN is committed to delivering on its promise of the AEC. Those of us who have been involved in the day-to-day work in the trenches, ironing out details, getting consensus among all 10 governments and addressing the key issues are only too aware that the stakes are incredibly high. It’s not just ASEAN’s credibility that’s on the line, but also the continued prosperity of the region, and that of generations to come.
We are thoroughly cognisant of the fact that the AEC is not just about market liberalisation, removing impediments to regional trade and investment, and cutting red tape. All of these are vital.
However, they are but a means to the larger goal of creating an ASEAN where incomes and standards of living go up, and inequality shrinks rather than widens, where our talented and hard-working citizens can avail themselves of the opportunities to realise their full economic potential, and where innovation and creativity flourish. In short, the overarching objective of the AEC is to help establish an ASEAN which enjoys peace and prosperity.
Some of the building blocks necessary to achieving that visionary goal are already in place. Over the past two decades, ASEAN has been quietly working on removing tariff barriers in the region; more than 95% of those barriers have been removed. Thanks to the ASEAN Free Trade Agreement, consumers now have wider choice, and the prices of goods and services throughout the region have become more competitive. In terms of aviation, the advent of Low-Cost Carriers has not only reduced the cost of air travel, but has contributed enormously to regional integration. In telecommunications, a relaxation of rules has helped boost cross-border investment, contributing to lower telephony costs.
In 2015, we are committed to ironing out several of the remaining barriers to regional trade. The Prime Minister has publicly declared that Malaysia will not shy away from addressing the sensitive issue of protectionism among ASEAN member states and will seek to defuse the rising rhetoric of nationalism.
Malaysia will seek to cogently articulate the necessity for ASEAN members to embrace the regional perspective, to look beyond narrow parochial concerns.For Malaysia, 2015 is a very important year. As ASEAN declares itself as a community, we want every Malaysian rich or poor, every company big or small, every sector to be excited about what is in store for us in 2015. For 2015 to be a successful year, we need Malaysians to be involved in the process of a closer ASEAN integration.
For ASEAN, this will be a year when we work towards further reducing non-tariff barriers, and work towards a freer flow of services, harmonised standards and procedures. It will be a year when we introduce a robust and inclusive small and medium enterprises agenda to be implemented across ASEAN.
We will also be looking at some low-hanging fruits like popularising the ASEAN song, flying the ASEAN flag, and implementing the ASEAN travel card, an ASEAN Lane and travel counters. This month, TalentCorp will be implementing an internship programme involving Malaysian government-linked companies operating in a number of ASEAN Member States.
But 2015 is not without challenges. We know that there are pressures for more regulation and protectionism. However, there is no backtracking. We have seen and experienced the benefits of closer inter-ASEAN integration in the form of freer trade flows, more ASEAN investments, more economic cooperation.2015 is also the year we will launch an ambitious plan for ASEAN for the next 10 years. We have to continue our efforts
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at economic integration. And we want every Malaysian on board because of the enormous potential deeper integration brings.
We must realise that globalisation is here to stay and if we don’t come on board in this journey, we will be left out. Some of the less developed countries of ASEAN have been very aggressive in opening up their economies in recent years. This journey has got to continue but it will continue in the “ASEAN Way”.
Some of this will be undertaken in private, in congenial and convivial surroundings. That’s just the “ASEAN Way” of bringing about change, a modus operandi that has served the region well. So, step by step, MITI and its economic counterparts in ASEAN will focus on, and address, the issues and concerns regarding regional trade. We have been given our marching orders, and a list of deliverables for which we will be held accountable.
Dato’ Sri Mustapa Mohamed is International Trade and Industry Minister. The views expressed here are entirely his own.
Source: The Star, Tuesday 6 January 2015
Malaysia
Labour Force (‘000)14,080.9
Labour Force Market, October 2014
Employed (‘000)13,702.6
Unemployed (‘000)378.2+
Labour Force Participation RateOctober 2014
67.4%
October 201367.7%
% change 0.3%
Unemployment RateOctober 2014
2.7%October 2013
3.3%
% change 0.6%
13.7 13.7 13.5 13.5 13.4 13.4 13.5 13.6 13.6 13.6 13.5 13.7 13.7
3.3
3.4 3.0 3.3
3.2
3.0
2.9 2.92.8 2.8
2.7 2.7 2.7
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2013 2014
Persons employed (mil.) Unemployment rate (%)
Note: i. Labour Force: Those who are in the 15-64 age group who are either employed or unemployed ii. Labour Force Participation Rate: Ratio of the labour force to the working age (15-64) population. iii. Working age population; October 2013: 20.5 mil. and October 2014: 20.9 mil. iv. Unemployment rate is the proportion of unemployment population to the total population in labour force
Source: Malaysia Department of Statistics
--> RM28.5 bil. domestic
--> 619 projects--> 65,395 potential employment
--> RM35.0 bil. foreign
Approved Investments in Manufacturing Sector, Jan-Sep 2014Total Capital Investments: RM63.5 bil.
+NewRM38.0 bil.
--> Domestic: RM21.7 bil.--> Foreign: RM16.3 bil.
--> 343 Projects
--> Potential Employment: 35,765
Expansion/Diversification RM25.4 bil.
--> Domestic: RM6.8 bil.--> Foreign: RM18.6 bil.
--> 276 Projects
--> Potential Employment: 29,630
Source: Malaysia Investment Development Authority
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Source: Malaysia Investment Development Authority
Approved Investments in Manufacturing Sector, 2004 to Jan- Sep 2014
15.6
13.2
25.8
26.5
16.7
10.5
18.1
21.9
20.2
21.6
28.5
13.2
17.9
20.2
33.4
46.1
22.1
29.1
34.1
20.9
30.5
35.0
28.831.1
46.0
59.962.8
32.6
47.2
56.1
41.1
52.1
63.5
0
10
20
30
40
50
60
70
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan-Sept2014
RM billion
Domestic Investment Foreign Investment Total Investment
Approved Investment in Manufacturing Projects by State,Jan - Sep 2014
Note: * Kuala Lumpur and Labuan
Total Investment: RM20.1 bil.Potential Employment: 15,496
JohorTotal Investment: RM6.0 bil.Potential Employment: 14,435
Total Investment: RM10.0 bil.Potential Employment: 1,975
Sarawak Penang
Total Investment: RM5.0 bil.Potential Employment: 4,152
Total Investment: RM5.7 bil.Potential Employment: 12,293
Selangor
Total Investment: RM4.6 bil.Potential Employment: 4,480
KedahPahang
Total Investment: RM4.4 bil.Potential Employment: 5,035
Melaka
Total Investment: RM2.7 bil.Potential Employment: 1,623
SabahTotal Investment: RM2.0 bil.Potential Employment: 2,157
Negeri Sembilan
Total Investment: RM0.5 bil.Potential Employment: 459
Total Investment: RM1.0 bil.Potential Employment: 2,059
PerakTotal Investment: RM1.2 bil.Potential Employment: 955
Kelantan Terengganu
Total Investment: RM0.1 bil.Potential Employment: 174
Total Investment: RM0.2 bil.Potential Employment: 102Perlis Federal Territory*
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“ASEAN and You”ASEAN Statistics: Investment Trends
FDI Inflows by Economic Activity
Services51.5%
Manufacturing37.6%
Mining and Quarrying
6.4%
Agriculture, Fishery and
Forestry0.5%
All Others4.0%
2005
Services62.0%
Manufacturing27.5%
Mining and Quarrying
4.7% Agriculture, Fishery and
Forestry0.6%
All Others5.2%
2010
Services75.0%
Manufacturing15.5%
Mining and Quarrying
5.8%Agriculture, Fishery and
Forestry1.5%
All Others2.2%
2012
Services53.2%
Manufacturing33.3%
Mining and Quarrying
6.7%Agriculture, Fishery
and Forestry1.9%
All Others4.9%
2013
Intra- and Extra-ASEAN FDI Inflows, 2009 - 2013
6,67
2 15,2
00
15,2
28
20,6
58
21,3
22
41,2
55
85,1
60
82,3
10 93,6
26
101,
055
47,927
100,360 97,538
114,284122,377
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
2009 2010 2011 2012 2013
US$
mill
ion
Intra-ASEAN Extra-ASEAN Total
Major Sources of FDI Inflows, 2009 - 2013
ASEAN: 21,322
China: 8,644
EU 28: 26,980
Japan: 22,904
USA: 3,758
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2009 2010 2011 2012 2013
US$
mill
ion
7.1
2.8
18.5
1.1
3.9
3.4
4.9
1.9
8.0
4.6
3.8
3.8
17.7
1.6
2.6
3.1
2.1
0.4
4.4
12.0
0 2 4 6 8 10 12 14 16 18 20
Viet Nam
Thailand
Singapore
Philippines
Myanmar
Malaysia
Lao PDR
Indonesia
Cambodia
Brunei Darussalam
Share to GDP (%)
2000-2006
2007-2013
FDI Inflows Share to GDP by ASEAN Member State
Source: ASEAN Community in Figures Special Edition 2014
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International ReportQuarterly GDP Growth for Selected Country, Q1 2012 - Q3 2014
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014
USA 2.6 2.3 2.7 1.6 1.7 1.8 2.3 3.1 1.9 2.6 2.7
GDP A
nnua
l Grow
th Ra
te, %
USA
6.8
7.0
7.2
7.4
7.6
7.8
8.0
8.2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014
China 8.1 7.6 7.4 7.9 7.7 7.5 7.8 7.7 7.4 7.5 7.3
GDP A
nnua
l Grow
th Ra
te, %
China
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014
Germany 1.5 0.3 0.1 -0.3 -1.8 0.5 0.8 1.0 2.6 1.0 1.2
GDP A
nnua
l Grow
th Ra
te, %
Germany
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014
Japan 3.2 3.2 -0.2 -0.3 0.1 1.2 2.3 2.5 2.9 -0.2 -1.2
GDP A
nnua
l Grow
th Ra
te, %
Japan
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014
Malaysia 5.1 5.6 5.3 6.5 4.2 4.5 5.0 5.1 6.2 6.5 5.6
GDP A
nnua
l Grow
th Ra
te, %
Malaysia
Source: Tradingeconomics
Inflation Rate
(November 2014)1.3%
Unemployment Rate
(November 2014)5.8%
Consumer Price Index
(November 2014)237
GDP(Q3 2014) 2.7%
US Economic Indicators
Source: Tradingeconomics
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Do you know?
Three Gorges DamYangtze River, China
--> 632 km2 area flooded--> 98.1 tw-hour annual electricity production
--> 22,500 mw installed capacity
Largest Power Generating Hydroelectric Dams in the World
Grand Coulee DamColumbia River, USA
--> 324 km2 area flooded--> 20.0 tw-hour annual electricity production
--> 6,809 mw installed capacity
Tucurui DamTocantins River, Brazil
--> 3,014 km2 area flooded--> 41.4 tw-hour annual electricity production
--> 8,370 mw installed capacity
Guri DamCaroni River, Venezuela
--> 4,250 km2 area flooded--> 53.4 tw-hour annual electricity production
--> 10,235 mw installed capacity
Itaipu DamParana River, Brazil/Paraguay
--> 1,350 km2 area flooded--> 98.6 tw-hour annual electricity production
--> 14,000 mw installed capacity
Source: Wikipidea
Note: Largest hydroelectric power stations listed by generating capacity. Only plants with capacity larger than 2,000 MW are listed. mw = megawatt tw-hour = terawatt per hour
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Source: Ministry of International Trade and Industry, Malaysia
Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Cambodia and Kazakhstan.
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)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014
AANZFTA 390 281 322 334 320 361 271 421 357 292 438 264AIFTA 490 462 407 1,118 1,365 2,178 861 698 561 431 451 449AJCEP 406 346 321 325 803 383 252 356 693 401 421 314
0
500
1,000
1,500
2,000
2,500
RM M
illio
n
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014
ATIGA 4,859 2,612 20,077 10,399 2,403 30,260 2,388 23,539 2,940 2,802 5,520 13,395ACFTA 14,388 2,843 2,015 2,000 2,475 2,423 1,822 2,706 2,772 2,205 3,101 2,958AKFTA 2,716 2,914 1,716 3,481 744 1,968 1,043 1,647 1,078 1,236 2,926 1,794
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
RM
Mill
ion
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014
MICECA 204 539 173 155 172 211 158 229 149 181 211 160MNZFTA 1 0 0 1 1 1 1 1 1 1 1 1MCFTA 29 38 35 28 34 51 33 38 30 42 53 69MAFTA 548 117 168 121 108 133 98 136 124 119 294 112
100
0
100
200
300
400
500
600
RM M
illio
n
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014
MJEPA 1,093 637 590 543 549 670 464 1,660 694 481 1,032 505MPCEPA 446 357 173 130 252 213 94 228 147 149 199 83GSP 246 102 94 106 83 98 103 159 94 76 1,092 66
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
RM M
illio
n
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecAANZFTA 4,253 3,130 3,304 3,413 3,230 3,941 2,775 3,870 3,766 3,505 4,734 3,146AIFTA 2,009 1,871 1,888 2,070 2,152 2,760 1,888 2,596 2,245 1,953 2,629 2,064AJCEP 1,491 949 881 941 853 1,098 666 892 797 843 1,105 837ATIGA 19,288 16,540 18,470 16,965 17,021 21,721 14,847 17,955 18,322 18,106 23,177 16,741ACFTA 5,226 5,425 5,593 5,759 5,411 6,279 4,445 6,089 5,271 5,621 7,347 6,043AKFTA 3,705 3,354 3,213 3,180 3,286 4,005 2,845 3,291 2,896 2,786 3,926 2,964MICECA 1,173 980 1,009 955 950 1,346 907 1,365 1,289 1,218 1,543 1,053MNZFTA 40 13 20 35 34 22 33 33 27 35 37 33MCFTA 202 244 244 197 213 541 195 287 252 268 327 275MAFTA 1,562 1,305 1,535 1,478 1,401 1,653 1,294 1,795 1,738 1,425 2,275 1,365MJEPA 4,232 3,524 3,377 3,129 3,211 4,183 2,687 3,577 3,340 3,122 4,446 3,155MPCEPA 697 727 580 562 632 726 465 723 540 598 771 529GSP 1,620 559 646 680 521 713 567 629 548 496 753 513
Value of Preferential Certificates of Origin
Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates
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Malaysian Ringgit Exchange Rate with US Dollar and EURO, January 2013 - December 2014
Gold and Silver Prices, January - December 2014
Aluminium, Nickel and Copper Prices, January - November 2014
Source : http://econ.worldbank.org
Source : http://www.gold.org/investments/statistics/gold_price_chart/
Source : Bank Negara Malaysia
3.503.603.703.803.904.004.104.204.304.404.504.60
2.702.802.903.003.103.203.303.403.503.60
Jan Feb Mar Apr MayJun Jul AugSep Oct NovDec Jan Feb Mar Apr MayJun Jul AugSep Oct NovDec
2013 2014
US Dollar (USD) Euro (EUR)
1 EUR = RM 4.29
1 USD = RM 3.48
2,056
6,713
15,807
-
2,500
5,000
7,500
10,000
12,500
15,000
17,500
20,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
2013 2014
US$/mt
Aluminum Copper Nickel
40.0 38.4
35.0
36.0
37.0
38.0
39.0
40.0
41.0
42.0
43.0
44.0
45.0
Jan
Feb
Mar Ap
r
May Jun Jul
Aug
Sep
Oct
Nov De
c
US$/Gram Gold
20.0
16.4
14.0
15.0
16.0
17.0
18.0
19.0
20.0
21.0
22.0
23.0
24.0
Jan
Feb
Mar Ap
r
May Jun Jul
Aug
Sep
Oct
Nov De
c
US$/Oz Silver
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Highest and Lowest Prices, 2014/2015
Commodity Prices
CommodityCrude
Petroleum (per bbl)
Crude Palm Oil (per MT)
Raw Sugar
(per MT)
Rubber SMR 20(per MT)
Cocoa SMC 2
(per MT)
Coal(per MT)
Scrap Iron HMS
(per MT)2 Jan 2015
(US$) 53.8 669.2 309.3 1,520.5 2,280.4 51.8 330.0 (high)320.0 (low)
% change* 1.4 5.3 1.5 3.4 Unchanged Unchanged 3.16.7
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
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 indicatedSource :
Lowest (US$ per bbl)
Highest(US$ per bbl)
Crude Petroleum (2 January 2014)US$53.8 per bbl
201413 June 2014: 107.6
201426 Dec 2014: 54.6
20152 Jan 2015: 53.8
20152 Jan 2015: 53.8
Lowest (US$ per MT)
Highest(US$ per MT)
Crude Palm Oil (2 January 2014)US$669.2 per MT
201414 Mar 2014: 982.5
201426 Dec 2014: 664.0
20152 Jan 2015: 669.2
20152 Jan 2015: 669.2
Steel Bars(per MT)
RM1,950 - RM2,100
Average Domestic Prices, 2 Jan 2015
Billets(per MT)
RM1,650 - RM1,720
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Commodity Price Trends1607.5 1602.0
1482.0
1556.51541.0
1525.01,513.0
1,481.0
1,436.5
1,481.01,470.5
1,520.5
1,350
1,400
1,450
1,500
1,550
1,600
1,650
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/mt
Rubber SMR 20
341.0
333.0
328.5
324.0
332.5
337.8
314.5
322.0319.8
314.8 314.0
309.3
290
300
310
320
330
340
350
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/mt
Raw Sugar
51.3 51.6
53.3 53.3
52.0
53.0 53.1
52.8
52.8
51.7
51.8 51.8
50.0
50.5
51.0
51.5
52.0
52.5
53.0
53.5
54.0
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/mt
Coal
150.5
154.6
139.9137.4
124.0
114.8
127.2
137.1
134.2
132.6136.3
135.8
128.1121.4
111.8
114.6
100.6
92.7
96.1
92.6
82.4
81.0
74.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
2013 2014
US$
/dm
tu
Iron Ore
822.0
699.0710.5
748.0
732.0720.0 716.0
700.5
681.5669.0 664.0
699.2
600
650
700
750
800
850
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/mt
Crude Palm Oil
2,800.1
2,674.3
2,559.92,513.6
2,529.0
2,3522,326.7
2,326.7
2,218.8
2,288.1
2,280.4 2,280.4
2,000
2,100
2,200
2,300
2,400
2,500
2,600
2,700
2,800
2,900
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/mt
Cocoa
81.0 80.9
77.9
74.476.7
68.7 66.4
59.158.1
56.454.6 53.8
45
50
55
60
65
70
75
80
85
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/bbl
Crude Petroleum
355.0 355.0 355.0 355.0
320.0 320.0 320.0 320.0 320.0 320.0 320.0
330.0
345.0 345.0 345.0 345.0
300.0 300.0 300.0 300.0 300.0 300.0 300.0
320.0
270
280
290
300
310
320
330
340
350
360
370
17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
US$
/mt
Scrap Iron
Scrap Iron/MT (High)
Scrap Iron/MT(Low)
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.
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Success Story
JM Permata Sdn Bhd (JMP) was established in 1984 as a trading company dealing in everything related to little bundles of joy – babies. Ten years later the company began to import disposable baby diapers under its subsidiary company Consobiz Ventures Sdn Bhd,
Contacts:
Consobiz Ventures Sdn. Bhd. Block B & C, Lot 780Jalan Sungai Putus
3 3/4 Miles Off Jalan Kapar 42100 Klang, Selangor
Email : [email protected]
Johari Maarof, Managing Director of Consobiz
Consobiz Ventures Sdn Bhd
which then set the course for a long path in manufacturing and exporting disposable baby diapers to more than 18 countries worldwide. Almost 20 years later, Consobiz Ventures is now an established Malaysian company that specialises in the manufacture of disposable baby diapers to a vast range of clients from around the globe.
FROM TRADING TO MANUFACTURING – A DIAPER EVOLUTION
The story of disposable diapers began in the West about 30 years ago, when most families that were frequent travelers looked for a simpler way to keep their baby’s bottom clean. hus, plastic pants with cotton napkins became the irst kin of disposable diapers that were available to the mass market.
With increasing working mothers in Malaysian households, the need for disposable diapers rose drastically. As such, JMP saw are a great potential in the segment and started trading in everything that spoke “baby”. Among its early trade items include cotton baby napkins, PVC tie-pants, baby toys and baby accessories. It was not till the early 1990s that the company started to import disposable baby diapers to meet the increasing demands of consumers. As demand continuously increased with the encouraging response to disposable diapers, JMP then started to manufacture disposable baby diapers. Forming a joint venture with a local company dealing with baby products, its subsidiary Consobiz Ventures then came into existence to support production.
Soon, from 1 Fammenccanica line, the company grew and eventually acquired all shares of Consobiz and consolidated the operations. By the end of 2007, the company transferred one of its machines to Tanggerang, Jakarta (Indonesia) and PT Consobiz Ventures oicially began commercial production in 2008.
The company never hesitated to work with high grade materials to ensure that they only produce high quality products. Although most of the raw materials for production were initially sourced from neighbouring countries, a turning point occurred during a MATRADE business trip, where Consobiz acquired a direct source for raw materials from the shores of China. hus, the company
is highly grateful for the assistance and business matching opportunity that was provided by MATRADE in the early stages of its business growth.Through MATRADE trade missions, doors opened up for Consobiz, as importers and distributors approached the company for business opportunities.
Besides this, grants for branding that have been acquired through MATRADE have also spurred signiicant growth for the company, especially in manufacturing for private labels.
With an established track record as a high quality baby diaper manufacturer, the company takes pride in ensuring all its relationships with partners, consumers and clients stay strong and healthy, both internationally and locally. To date, the company’s products are present in hypermarkets and supermarkets in Malaysia, Singapore, Vietnam, Australia, New Zealand, India, South Africa, Mauritius, Seychelles and countries in West Asia.
“DR
IVIN
G T
ransformation, P
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G G
rowth”
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“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
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“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
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