MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
CongratulationsYBHG. DATUK SERI J.JAYASIRISECRETARY GENERAL (MITI)
The Darjah Kebesaran Seri Mahkota Wilayah (S.M.W.)In Conjunction with The Federal Territories Day
1 February 2017
On Being Conferred
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RESPONSE TO THE US WITHDRAWAL FROM THE TPPA
MEDIA RELEASE
President Donald Trump signed the Executive Order on Monday withdrawing the US from the Trans Pacific Partnership Agreement (TPPA). President Trump’s action was not totally surprising as he had many times in the past vowed to withdraw U.S. from the TPPA, referring the deal as a “potential disaster” to the American economy. Signed by Malaysia and 11 other parties on 4 February 2016, the TPPA under the present conditions for entry into force cannot take place without the US participation, as it accounts for about 60% of the combined GDP of the 12 members. Under the agreement, a minimum of 6 countries accounting for 85% of the combined GDP of the 12 members must ratify before the TPPA can enter intomforce. During the meeting between 12 Leaders of TPPA countries in Lima on 19 November last year, all leaders reaffirmed their commitment towards the realisation of this high quality agreement because of the benefits it brings to their respective economies and the region, particularly in boosting trade and investment, as well as further enhancing the internationalisation of small and medium sized enterprises. Japan and New Zealand have completed their domestic ratification process and Japan has already deposited its instrument of ratification on 20 January 2017. President Trump’s contention was that the TPPA would cause job losses in the US and outflow of funds to other TPPA countries, meaning other TPPA countries including Malaysia will gain and the US will lose out. In our view TPPA is a balanced agreement beneficial to all of its members. The US will also benefit from better market access to countries which they do not have FTA with such as Japan, Vietnam and Malaysia. With the latest development in the US, the TPPA Chief Negotiators from other 11 countries will be in constant communication with each other to consider all available options before deciding the best way forward. They have been working closely in the last five years and will continue to communicate with each other. Domestically, MITI and all relevant Ministries will engage with various stakeholders to get their views and feedback on the latest development of the TPP and the way forward. Should the TPPA fail to enter into force, it will be a missed opportunity for Malaysia since a number of research houses have singled us out as a clear winner in the TPPA. Our negotiating team managed to secure a number of valuable concessions while at the same time protect our national interest including the Bumiputera policies. Malaysians should, and must take comfort in knowing that we have a highly capable negotiating team ready to defend our interest in any future bilateral or multilateral trade negotiations. As I have said in Davos during the World Economic Forum, should the TPPA fail to materialise, our focus would be to enhance the economic integration of ASEAN in the context of the ASEAN Economic Community (AEC) Blueprint 2025, push for the timely conclusion of the RCEP, as well as pursue bilateral FTAs including with TPPA members whom we currently do not have any preferential trading arrangement. Malaysia will continue to monitor closely developments with regard to the US’ trade policies. Notwithstanding the current position of the new US Administration on TPPA, we will continue to engage with our American colleagues to strengthen our bilateral trade and economic relations, given the US’ importance as our third largest trading partner and a major source of investment.
Dato’ Sri Mustapa MohamedMinister of International Trade and Industry
24 January 2017
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MALAYSIA
14.25 million
0.51 million Employed Unemployed
Labour Market, October 2016Labour Force14.77 million
+Outside Labour Force**
7.07 million
Note: * Age between 15 to 64 years ** All persons not classified as employed or unemployed such as housewives, students (including those going for further studies), retired, disabled persons and those not interested in looking for job
Working Age Population*
21.84 million
Labour Force Participation Rate
(LFPR) (%)67.6
Unemployment rate (%)
3.5
Labour Force: 14.77 million
million
Note:LFPR is defined as the ratio of the labour force to the working age population (15 to 64 years), expressed as percentage.Unemployment rate is the proportion of unemployed population to the total population in labour force.
Source : Department of Statistics, Malaysia
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Department of Statistics, Malaysia
Distributive Trade, November 2016
RM89,732 million
5.7%
Motor Vehicles
RM 11,664 million1.2%
Wholesale Trade
RM 43,577 million5.1%
Retail Trade
RM 34,491 million9.0%
Distributive Trade
Sale Value of Distributive Trade by Subsector, 2011-2016 (Jan-Nov)
793.2 836.4 881.4 951.2 1,007.4 967.2
15.4
5.4 5.4
7.9
5.9
0
2
4
6
8
10
12
14
16
18
0
200
400
600
800
1000
1200
2011 2012 2013 2014 2015 2016Jan-Nov
Grow
th (%
)
RM B
illio
n
Distributive Trade
Sales Growth (Y-o-Y)
412.6 429.0 444.8 471.9 493.2 473.0
21.4
4.0 3.7
6.14.5
0
5
10
15
20
25
360
380
400
420
440
460
480
500
2011 2012 2013 2014 2015 2016Jan-Nov
Grow
th (%
)
RM B
illio
n
Wholesale Trade
Sales Growth (Y-o-Y)
115.9 123.1 127.2 135.6 142.7 126.4
7.3
6.2
3.3
6.6
5.3
0
1
2
3
4
5
6
7
8
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015 2016Jan-Nov
Grow
th (%
)
RM B
illio
n
Motor Vehicles
Sales Growth (Y-o-Y)
264.7 284.3 309.5 343.7 371.5 367.8
10.6
7.4
8.9
11.1
8.1
0
2
4
6
8
10
12
0
50
100
150
200
250
300
350
400
2011 2012 2013 2014 2015 2016Jan-Nov
Grow
th (%
)
RM B
illio
n
Retail Trade
Sales Growth (Y-o-Y)
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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International ReportThailand’s Trade Performance, 2016
+65
.8
51.2
36.6
20.5
14.7
14.5
13.9
13.7
13.1
11.3
64.7
51.3
37.9
22.1
15.9
14.4
12.9 14.0
13.4
11.1
0
10
20
30
40
50
60
70
China Japan U.S.A Malaysia Singapore Indonesia Viet Nam Australia Hongkong SouthKorea
USD
Billio
n
2016 2015
Top 10 Trading Partners, 2016/2015
Total Trade2015:USD417.0bil2016:USD410.0bil
Exports USD215.3b 0.5%
ImportsUSD194.7b 3.9%
Total TradeUSD410.0b 1.7%
Source: Ministry of Commerce, Thailand
28.7
5
31.1
5
29.5
8
31.6
3
29.8
1
34.1
4
35.7
4
37.6
3
39.9
2
40.2
1
44.3
9
39.8
9
22.8
6
26.2
7
26.9
8
29.1
5
26.3
0
32.9
7
34.4
8
35.6
8
38.6
3
39.6
1
41.6
6
38.3
8
51.60
86.05
0
10
20
30
40
50
60
70
80
90
100
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Jan-Nov
RM B
illion
Exports Imports Total TradeSource : Department of Statistics, Malaysia
Malaysia’s Trade with Thailand, 2005-2016 (Jan-Nov)
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Note: * Provisional data
0
20
40
60
80
100
120
140
160
180
0
20
40
60
80
100
120
140
160
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,500
3,000
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
0
100
200
300
400
500
600
700
800
900
1,000
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
50
100
150
200
250
300
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
0
50
100
150
200
250
300
350
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
350
400
450
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: * Provisional data
Number and Value of Preferential Certificates of Origin (PCOs)
Source: Ministry of International Trade and Industry, Malaysia
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
10
20
30
40
50
60
70
80
90
100
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
0
5
10
15
20
25
30
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-China Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
0
10
20
30
40
50
60
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
50
100
150
200
250
300
350
13 N
ov
20 N
ov
27 N
ov
4 D
ec
11 D
ec
18 D
ec
25 D
ec
1 Ja
n
8 Ja
n
15 J
an
22 J
an
29 J
an
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - January 2017
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
4.3481
4.4596
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
RM
USD 1 = RM
0.6615
0.6466
0.57
0.58
0.59
0.60
0.61
0.62
0.63
0.64
0.65
0.66
0.67
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
RM
CNY 1 = RM
12.0200
12.5766
10.00
10.50
11.00
11.50
12.00
12.50
13.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
RM
THB 100 = RM
3.6805
3.8818
3.30
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
RM
JPY 100 = RM
3.0323
3.1214
2.75
2.80
2.85
2.90
2.95
3.00
3.05
3.10
3.15
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
RM
SGD 1 = RM
12.9926
14.0734
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
RM
TWD 100 = RM
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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 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.
CRUDE PETROLEUM (BRENT)-per bbl-
3 Feb 2017 : US$56.8, 2.3%*
Average Pricei : 2016: US$45.3 2015: US$53.6
CRUDE PALM OIL-per MT-
3 Feb 2017 : US$810.0, 3.0%*
Average Pricei : 2016: US$702.2 2015: US$616.9
RUBBER SMR 20-per MT-
3 Feb 2017 : US$2,221.0, 3.6%*
Average Pricei : 2016: US$1.394.5 2015: US$1.364.3
COAL -per MT-3 Feb 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9
COCOA SMC 2-per MT-
3 Feb 2017 : US$1,485.7, 13.4%*
Average Pricei : 2016: US$1,609.8 2015: US$2,077.0
SCRAP IRON HMS-per MT-
3 Feb 2017 : US320.0 (high), unchanged US$290.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6
HIGHEST and LOWEST 2016/2017
Highest 6 Jan 2017 : US$57.1 30 Dec 2016 : US$56.8
Lowest
13 Jan 2017 : US$55.5
15 Jan 2016 : US$28.9
Crude Petroleum
(Brent)-per bbl-
Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5
Lowest
15 Jan 2016 : US$545.5 13 Jan 2017 : US$798.8
Crude Palm Oil -per MT-
Domestic Prices3 February 2017
Steel Bars(per MT)
RM2,180 – RM2,330
Billets(per MT)
RM2,050 – RM2,150
SUGAR -per lbs-3 Feb 2017 : US¢ 21.1, 3.8%*
Average Pricei : 2016: US¢18.2 2015: US¢13.2
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
744.0749.0
770.0776.0
786.0789.5
797.5 798.8
812.5
843.0
835.0
810.0
680
700
720
740
760
780
800
820
840
860
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/mt
Crude Palm Oil
1,790.6 1,797.3
1,770.5
1,729.0
1,653.4
1,585.01,566.0
1,609.81,596.3
1,506.6
1,715.8
1,485.7
1,400
1,450
1,500
1,550
1,600
1,650
1,700
1,750
1,800
1,850
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/mt
Cocoa
20.2
19.8
19.119.2
18.2 18.2
19.5
20.820.5
20.220.3
21.1
16.0
16.5
17.0
17.5
18.0
18.5
19.0
19.5
20.0
20.5
21.0
21.5
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US¢
/lbs
Sugar
1,688.0
1,744.51,711.0
1,800.5
2,102.0
1,956.5 1,970.01,995.0
2,228.5
2,166.0
2,303.0
2,221.0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 FebU
S$/m
t
Rubber SMR 20
6,900 7,088 7,113
7,281
6,917 6,851 6,730
6,337
6,085 5,965
4,516
3,984
4,366
4,739
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2016 2017
USD
/ to
nne
Black Pepper
* until 3 February 2017
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
Commodity Price Trends
44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1
43.5
43.6
43.7
43.8
43.9
44.0
44.1
44.2
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/mt
Coal
1,481
1,531 1,531
1,571 1,551
1,591
1,629 1,641
1,589
1,663
1,737 1,728
1,790
1,400
1,450
1,500
1,550
1,600
1,650
1,700
1,750
1,800
1,850
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
US$
/ to
nne
Aluminium
4,472
4,599
4,954 4,873
4,695 4,633
4,865
4,759 4,716 4,726
5,451
5,660 5,743
4,000
4,200
4,400
4,600
4,800
5,000
5,200
5,400
5,600
5,800
6,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
US$
/ to
nne
Copper
8,507 8,299
8,717 8,879
8,660
8,906
10,263 10,366
10,176 10,251
11,129 10,972
9,975
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
US$
/ to
nne
Nickel
45.7 46.1
51.7 51.551.9
53.053.7 54.0
52.4 52.453.2
53.8
46.9 47.2
54.5 54.355.2 55.2
56.8 57.1
55.5 55.5 55.5
56.8
40
42
44
46
48
50
52
54
56
58
60
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
925.0 925.0920.0
927.0
906.0 905.0 903.0
961.0
973.0965.0 967.0
994.0
840.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
18 Nov 23 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/oz
Platinum
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
240.0 240.0
250.0
290.0295.0
300.0 300.0 300.0
320.0 320.0 320.0 320.0
230.0 230.0
240.0
270.0
280.0285.0 285.0
290.0 290.0 290.0 290.0 290.0
150
170
190
210
230
250
270
290
310
330
350
21 Oct 28 Oct 7 Nov 11 Nov 18 Nov 25 Nov 2 Dec 19 Dec 23 Dec 6 Jan 16 Jan 3 Feb
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
42.0
47.0
56.0
61.0
55.052.0
57.0
61.058.0 59.0
73.0
80.0 80.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017
US$
/dm
tu
Iron Ore
16.7
16.416.6
17.0
16.1
15.8
16.2
16.4
16.7
17.0
16.8
17.5
14.5
15.0
15.5
16.0
16.5
17.0
17.5
18.0
18 Nov 23 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/oz
Silver
38.9
38.2
37.7
37.4
36.4 36.4
36.8
37.8
38.3
38.6
38.1
39.1
34.5
35.0
35.5
36.0
36.5
37.0
37.5
38.0
38.5
39.0
39.5
18 Nov 25 Nov 2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb
US$
/oz
Gold
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Pelancaran Program Penghijauan Dan Pengindahan Bandar Jeli1 Februari 2017
MITI Programme
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Anugerah Kecemerlangan MITI 2016
Pengiktirafan Bintang Agensi Sektor Awam, 2015-2016
ANNOUNCEMENT
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
SME Bank’s unique value proposition of “Beyond Financing” model in developing SMEs has been recognised at the international level for the Bank to be the first Development Financial Institution (DFI) in Malaysia and ASEAN to be a member of The Montreal Group, an exclusive global forum for state-owned development banks focused on assisting micro, small and medium-sized enterprises.
Founded in 2012 by seven members with a total estimated combined assets of USD2 trillion, TMG was established to encourage exchange of ideas, best practices and foster greater understanding of the international market for the growth of SMEs.
The Group Managing Director of SME Bank, Datuk Mohd Radzif said, “This is a testament to the Bank of how far we have gone. TMG recognises SME Bank as a prominent DFI in the country as well as the ASEAN region. We do not just offer financing but we also carry the role of nurturing and developing the SMEs through the Bank’s various intervention programmes.”
Datuk Radzif added, “Our business model is the result of our continuous efforts in improving ourselves to ensure that we are able to fulfill the Government’s mandate and support the unserved and underserved segments of the SMEs while ensuring our sustainability.”
Since its establishment in 2005, SME Bank has approved total financing amounting to RM26 billion and assisted more than 15,000 SME entrepreneurs. The Bank’s Upward Migration programme has successfully upgraded more than 800 SME businesses to a higher level. Meanwhile, CEDAR or Centre for Entrepreneur Development and Research Sdn. Bhd., a wholly-owned subsidiary of SME Bank, has successfully coached more than 33,000 participants in various SME entrepreneurial training programmes
As a member of TMG, SME Bank will have access to best practices on multiple areas such as governance, risk management, human capital development, delivery channels, product and service innovations, and other international standards for potential adoption. In addition, it is also an opportunity for the Bank to leverage on TMG’s forward looking research.
From SME Bank’s perspective, it would be able to share it views on the SME market in Malaysia and ASEAN region in general. Being accepted to the Group is part of the Bank’s journey in achieving its vision towards becoming a full-fledged specialised financial institution; an international benchmark for nurturing SME excellence.
There are eight current members of TMG namely Business Development Bank of Canada (BDC-Canada), Banco Nacional De Desenvolvimento Economico E Social (BNDES-Brazil), Banque Publique d’Investissement (Bpifrance-France), China Development Bank (CDB-China), Nacional Financiera Banca de Desarollo (Nafinsa-Mexico), Small Industrial Development Bank of India (SIDBI-India), Finnvera (Finland) and Saudi Industrial Development Fund (SIDF-Saudi Arabia). With the joining of SME Bank as the latest TMG member, there will be nine TMG members in the Group.
SOURCE: http://www.smebank.com.my/montreal/
SME Bank first DFI in Malaysia andASEAN to join The Montreal Group
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InspIratIonal Quotes
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