aec buka peluang lebih besar - ministry of international ... weekly...

MITI Weekly Bulletin / www.miti.gov.my

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Datuk Seri Najib Tun Razak percaya pelaksanaan Komuniti Ekonomi ASEAN (AEC) menyediakan peluang lebih besar kepada sektor perusahaan kecil dan sederhana (PKS) tempatan untuk mengembangkan operasi di rantau Asia Tenggara. Perdana Menteri berkata, pelaksanaan AEC akan mengakibatkan liberalisasi lebih besar terhadap tarif dan sekatan bukan tarif dalam kalangan negara ASEAN. Sehubungan itu, beliau membe ritahu, sektor PKS tempatan perlu bersedia untuk merebut peluang yang ditawarkan menerusi pelaksanaan AEC.“Adalah penting bagi syarikat-syarikat PKS di negara ini mencapai ekonomi skala relatif atau mengemukakan usul bernilai tinggi. “Langkah itu akan menjadikan kita kekal berdaya saing berbanding sektor PKS di negara-negara ASEAN yang lain,” katanya ketika berucap membuka mesyuarat Majlis Pembangunan PKS Kebangsaan (NSDC) Ke-19 yang dipengerusikan beliau di bangunan Parlimen . Turut hadir Menteri di Jabatan Perdana Menteri, Datuk Seri Abdul Wahid Omar; Menteri Pendi dikan Tinggi, Datuk Seri Idris Jusoh; Menteri Perdagangan Antarabangsa dan Industri, Dato’ Sri Mustapa Mohamed; Menteri Kemajuan Luar Bandar dan Wilayah, Datuk Seri Ismail Sabri Yaakob dan Menteri Pertanian dan Industri Asas Tani, Datuk Seri Ahmad Shabery Cheek. Tidak ketinggalan Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Hamzah Zainudin; Menteri Pelancongan dan Kebudayaan, Datuk Seri Mohamed Nazri Abdul Aziz; Menteri Sumber Manusia, Datuk Seri Riehard Riot Jaem; Ketua Setiausaha Negara, Tan Sri Dr. Ali Hamsa; Gabenor Bank

Negara, Tan Sri Dr. Zeti Akhtar Aziz serta Ketua Pegawai Eksekutif SME Corp. Malaysia, Datuk Dr. Hafsah Hashim. Pelancaran AEC yang bertujuan memperkukuhkan kerjasama ekonomi serantau dijadualkan berlangsung pada 31 Disember ini. Sementara itu, Najib berkata, Perjanjian Perkongsian Trans-Pasifik (TPPA) memberi peluang kepada Malaysia bagi menilai kedudukannya dalam pasaran, kekuatan serta kemampuan untuk bersaing. “TPPA dijangka dilaksanakan dua tahun lagi dan perjanjian itu bakal membawa banyak manfaat serta cabaran,” jelasnya. Perdana Menteri turut berbangga dengan pertumbuhan memberangsangkan sektor PKS walaupun berdepan dengan kenaikan kos akibat pengurangan subsidi, pelaksanaan dasar gaji minimum serta cukai barang dan perkhidmatan (GST).

Menurut beliau, sektor PKS berjaya mengekalkan prestasi pertumbuhan yang lebih baik daripada pertumbuhan ekonomi keseluruhan. “Sektor PKS berkembang pada kadar purata tahunan 8.6 peratus berbanding pertumbuhan purata Ke luaran Dalam Negara Kasar (KDNK) keseluruhan sebanyak 5.4 peratus dalam tempoh 2012 hingga 2014,” katanya. Najib memberitahu, keanjalan sektor PKS dalam menyesuaikan operasi mereka mengikut perubahan masa adalah satu perkara yang boleh dibanggakan. Perdana Menteri seterusnya me lancarkan aplikasi rasmi SME Corporation Malaysia (SME Corp) selepas mesyuarat berkenaan. Aplikasi yang boleh dimuat turun melalui Google Play dan AppStore itu mengandungi maklumat tentang program serta skim bantuan kewangan yang disediakan kerajaan untuk PKS.

Sumber: Utusan Malaysia, 1 Dis. 2015

AEC buka peluang lebih besarPengembangan operasi PKS tempatan sekitar Asia Tenggara

32.1

31.7

33.1

35.8

35.1

34.3

33.6

34.3

33.3

32.9

34.1

32.8

35.1

36.1

38.3

35.6

35.8

37.1

39.9

37.0

37.4

40.0

0

10

20

30

40

50

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2013 2014 2015

Exports Imports

Source : Department of Statistics, Malaysia

RM billion

Trade in Services, Q3 2015

Trade in Services, Q 1 2013 - Q3 2015MALAYSIA


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RM1.1bil53.9%

Transport

Travel

Telecommunications,computer and information services

Insurance and pension services

ConstructionOthers*

ImportsExports

RM17.1bil4.6%

RM4.1bil5.5%

RM2.8bil31.8%

RM2.1bil5.5%

RM7.0bil3.0%

Travel

Transport

Telecommunications,computer and information services

Manufacturing services on physical inputs owned by othersConstructionOthers*

RM10.5bil1.5%

RM2.5bil8.6%

RM3.2bil32.2%

RM10.7bil0.1%

RM2.4bil96.8%

RM10.8bil9.2%

Others include Charges for the use of intellectual property n.i.e. , Personal, cultural and recreational services , Financial services, Maintenance and repair services n.i.e., Government goods and services n.i.e., Insurance and pension services and Other business services

Others include Charges for the use of intellectual property n.i.e., Personal, cultural and recreational services , Financial services, Maintenance and repair services n.i.e., Government goods and services n.i.e., Manufacturing services on physical inputs owned by others and Other business services

Notes: % refer to y-o-y growth

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

109.5109.8 109.9 109.9 110.0

110.2 110.3110.5

110.7

111.3

111.9 111.8

110.6

109.9

110.9

111.9112.3

113.0

113.9 113.9113.6

114.1

106

107

108

109

110

111

112

113

114

115

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

Index

Consumer Price Index (CPI) , Jan 2014 - Oct 2015

2014 2015

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CPI by State, Ocotober 2015116.5 3.4%

Johor Selangor &WP Putrajaya115.2 2.9%

P. Pinang N. Sembilan114.93.0%

114.6 2.7%

Melaka113.62.3%

Kelantan WP K.Lumpur Kedah & Perlis114.51.8%

113.83.3%

113.62.3%

Pahang Terengganu113.62.2%

112.51.8%

Perak Sarawak112.12.0%

112.11.9%

Sabah & WP Labuan110.91.2%

Notes: % refer to y-o-y growth

Malaysia114.1, 2.5%

The Consumer Price Index (CPI) measures the percentage change through time in the cost of purchasing a constant “basket” of goods and services representing the average pattern of purchases made by a particular population group in a specified time period. The “basket” is of an unchanging or equivalent quantity and quality of goods and services, consisting of items for which there are continually measurable market prices over time. Changes in the costs of items in the basket are therefore due only to “pure” price movements, i.e. price movements that are not associated with changes in the quality and / or quantity of the set of consumer goods and services in the basket.

MONTHLY HOUSEHOLD CONSUMPTION EXPENDITURE PATTERN 2004, 2009 & 2014

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Note:Household consumption is the value of consumer goods and services acquired, used or paid for by a household through direct monetary purchase, own-account production, barter or as income in kind for the satisfaction of the needs and wants of its members.

RM1,953 RM2,190 RM3,578

2004 2009 2014

1.82.22.33.03.43.5

22.022.6

23.94.34.13.8

1.41.31.6

16.814.9

14.65.35.65.3

4.74.64.9

2.01.41.1

10.910.9

12.78.58.7

7.41,000

393444

67635

48835975

124430

495853

8389

1372729

59314327

523103

124189

92101

1743831

41213

239454

167190

266800 600 400 200 0 0.0 10 20 30

percentRM

2004 2009 2014

20.120.3

18.9

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MONTHLY HOUSEHOLD CONSUMPTION EXPENDITURE 2014

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Note:

Mean - the level of average income/expenditures during a period of time. Median - the level of income at the middle of an array/distribution wherein economic units, e.g. families are arranged from increasing/decreasing order according to the size of their income.

and You’


‘

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

ASEAN Index of Economic Freedom, 2015 (Fiscal Freedom Component)

• Fiscalfreedomisameasureofthetaxburdenimposedbygovernment.Itincludesdirecttaxes,intermsofthetopmarginaltaxratesonindividualandcorporateincomes,andoveralltaxes,includingallformsofdirectandindirecttaxationatalllevelsofgovernment,asapercentageofGDP.Thus,thefiscalfreedomcomponentiscomposedofthreequantitativefactors:

• Thetopmarginaltaxrateonindividualincome,• Thetopmarginaltaxrateoncorporateincome,and• ThetotaltaxburdenasapercentageofGDP.

Scoresbetween0-100Free (80-100) Mostly Free (70.0-79.9) Moderately Free (60.0-69.9)

Mostly Unfree (50.0-59.9) Repressed (0-49.9)

Singapore

191.2

290.5

Brunei

387.0

Myanmar

486.9

Laos

586.2

Malaysia

684.4

Indonesia

783.3

Thailand

881.5

Philippines

979.1

Viet Nam

1079.1

Cambodia

Source:http://www.heritage.org/index/monetary-freedom

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U.S. Economic Indicators, January – October 2015

International Repor t

Source: Bureau of Economic Analysis MITI Weekly Bulletin / www.miti.gov.my

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233.

7

234.

7 236.

1

236.

6 237.

8

238.

6

238.

7

238.

3

237.

9

237.

8

230

232

234

236

238

240

Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Index Consumer Price Index

-0.09

0.17

-0.25-0.2

-0.15-0.1

-0.050

0.050.1

0.150.2

0.25


% Inflation Rate

5.7

5.0

4.5

5

5.5

6


% Unemployment Rate

0

5,000

10,000

15,000

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

RM Mil.

Exports Imports Total Trade

Malaysia’s Trade with USAJan 2014 - Sept 2015

2014 2015

Source:http://www.forbes.com/pictures/fjlj45fjef/10-wells-fargo/ MITI Weekly Bulletin / www.miti.gov.my

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The largest companies are measured by revenues, profits, assets and market value.

Largest Companiesin the World 2015

Berkshire Hathaway, USA

JPMorgan Chase, USA

Exxon Mobil, USA

PetroChina

General Electric, USA

Wells Fargo, China

Industrial and Commercial Bank of China

Sales:$166.8bil. Profits :$44.8bil

China Construction Bank


Agricultural Bank of China


Bank of China








Source: Ministry of International Trade and Industry, Malaysia

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)

MTFTA: Malaysia-Turkey Free Trade Agreement (Implemented since 1 August 2015)

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)

4 Oct 11 Oct 18 Oct 25 Oct 1 Nov 8 Nov 15 Nov 22 NovAANZFTA 109 88 197 106 296 21 102 126AIFTA 252 182 147 124 174 183 91 130AJCEP 122 102 46 65 86 76 64 89

0

50

100

150

200

250

300

350

RM

mill

ion

4 Oct 11 Oct 18 Oct 25 Oct 1 Nov 8 Nov 15 Nov 22 NovATIGA 944 849 1,660 805 613 1,260 602 840ACFTA 901 645 602 878 579 1,047 873 653AKFTA 150 659 108 1,065 192 176 778 176

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

RM

mill

ion

4 Oct 11 Oct 18 Oct 25 Oct 1 Nov 8 Nov 15 Nov 22 NovMICECA 55.99 44.26 38.35 45.15 46.96 49.83 27.64 42.75MNZFTA 0.09 0.10 0.06 0.66 0.17 0.30 0.19 0.02MCFTA 11.12 30.17 9.81 44.95 6.46 9.09 4.27 5.55MAFTA 40.40 44.61 35.02 55.22 34.41 58.75 68.08 47.18

0

10

20

30

40

50

60

70

80

RM m

illio

n4 Oct 2015 11 Oct 2015 18 Oct 2015 25 Oct 2015 1 Nov 2015 8 Nov 2015 15 Nov 2015 22 Nov 2015

AANZFTA 1,026 875 815 1,003 802 204 859 1,013

AIFTA 776 643 569 546 736 688 477 652

AJCEP 241 250 122 194 236 238 165 185

ATIGA 4,837 4,481 3,871 4,774 3,817 4,986 3,461 4,675

ACFTA 1,582 1,552 1,276 1,479 1,551 1,607 1,218 1,319

AKFTA 778 837 576 1,001 886 806 642 878

MICECA 311 338 235 309 314 306 213 316

MNZFTA 6 10 2 7 7 14 10 2

MCFTA 77 71 58 82 44 76 30 58

MAFTA 417 481 421 560 366 603 287 529

MJEPA 927 679 799 871 807 909 720 860

MPCEPA 153 113 150 172 134 175 130 116

GSP 176 103 127 146 123 150 77 169

MTFTA 202 217 125 209 160 223 124 162

4 Oct 11 Oct 18 Oct 25 Oct 1 Nov 8 Nov 15 Nov 22 NovMJEPA 154 112 117 177 126 148 113 154MPCEPA 20 12 24 37 24 38 17 23GSP 32 44 24 30 26 27 22 29MTFTA 72 147 42 99 150 100 121 86

0

20

40

60

80

100

120

140

160

180

200

RM m

illio

n

Value of Preferential Certificates of Origin

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

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

Malaysian Ringgit Exchange Rate with Singapore Dollar and Philippine Peso

Source : Bank Negara, Malaysia

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7.00

7.50

8.00

8.50

9.00

9.50

2.40

2.50

2.60

2.70

2.80

2.90

3.00

3.10

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

2014 2015

SGD = RM 100PHP = RM

100 PHP = RM 9.20

SGD = RM 3.04

14.6

14.2

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

24 Ju

l31

Jul

7 Au

g14

Aug

21 A

ug28

Aug

4 Se

p11

Sep

18 S

ep25

Sep

2 Oc

t9

Oct

16 O

ct23

Oct

30 O

ct6

Nov

13 N

ov20

Nov

27 N

ov

US$/Oz Silver

974.3

836.0

800.0

850.0

900.0

950.0

1,000.0

1,050.0

24 Ju

l31

Jul

7 Au

g14

Aug

21 A

ug28

Aug

4 Se

p11

Sep

18 S

ep25

Sep

2 Oc

t9

Oct

16 O

ct23

Oct

30 O

ct6

Nov

13 N

ov20

Nov

27 N

ov

US$/Oz Platinum

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

http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023

Gold Prices, 24 July - 27 November 2015

Silver and Platinum Prices, 24 July - 27 November 2015

34.8

34.4

33.0

34.0

35.0

36.0

37.0

38.0

39.0

24 Ju

l

31 Ju

l

7 Au

g

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 Oc

t

9 Oc

t

16 O

ct

23 O

ct

30 O

ct

6 No

v

13 N

ov

20 N

ov

27 N

ov

US$/Gram Gold

CommodityCrude

Petroleum (per bbl)

Crude Palm Oil (per MT)

Sugar (per lbs.)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS

(per MT)27 Nov 2015

(US$) 41.7 543.0 15.0 1,158.0 2,020.2 46.6 190 (high)170 (low)

% change* 3.3 0.1 2.2 2.2 1.8 1.3 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 (27 Nov 2015)

US$41.7 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

201529 May 2015: 60.3

201521 Aug 2015: 40.5

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (27 Nov 2015)

US$543.0 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

20154 Sep 2015: 500.5

Steel Bars(per MT)

RM1,450 - RM1,550

Average Domestic Prices, 27 Nov 2015

Billets(per MT)

RM1,200 - RM1,300

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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Grow

th”


503.5

529.5

522.0

553.5

584.0 586.0

580.0

566.5

558.5

565.0

543.5 543.0

480

500

520

540

560

580

600

11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov

US$

/mt

Crude Palm Oil

2,033.52,021.6

2,044.3

2,009.8

1,910.4

2,034.5

2,030.2

2,084.1

2,064.32,052.5

2,058.6

2,056.7

2,020.2

1,850

1,900

1,950

2,000

2,050

2,100

2,150

4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov

US$

/mt

Cocoa

12.5

11.7

12.4

13.5

14.3 14.3 14.314.5 14.5

15.015.3

15.0

9

10

11

12

13

14

15

16


US$

/lbs

Sugar

1,281.5

1,250.5

1,262.5

1,243.5

1,279.5

1,280.51,262.5

1,231.5

1,172.5

1,197.0

1,183.5

1,158.01,150

1,170

1,190

1,210

1,230

1,250

1,270

1,290

1,310


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

7,591

7,286 7,267

7,853

7,148 7,063

7,296

6,742

6,940 7,029

6,959

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 Jul

Aug

Sep

Oct

Nov

2014 2015

USD

/ to

nne

Black Pepper

* until 27 November 2015

46.1

44.6 44.7

45.7 45.5

49.6

47.3

44.6

46.6

44.3

40.7 40.4

41.7

49.6

48.147.5

48.648.1

52.7

50.5

48.0

49.6

47.4

43.6

44.7 44.9

35

37

39

41

43

45

47

49

51

53

55

4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov

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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ation, PO

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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

1,688

1,640

1,548

1,590

1,516

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200Ja

n

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

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

12,825

11,413

10,386 9,938

10,317

9,000

11,000

13,000

15,000

17,000

19,000

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2014 2015

US$

/ to

nne

Nickel

270.0

260.0

250.0 250.0

240.0

230.0 230.0

210.0

195.0190.0 190.0 190.0

250.0

230.0 230.0 230.0

220.0

210.0 210.0

195.0

175.0170.0 170.0 170.0

160

180

200

220

240

260

280

3 Jul 24 Jul 7 Aug 14 Aug 28 Aug 11 Sep 25 Sep 9 Oct 30 Oct 6 Nov 20 Nov 27 Nov

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

5,833

5,457

5,127 5,217

5,216 5,000

5,200

5,400

5,600

5,800

6,000

6,200

6,400

6,600

6,800

7,000

7,200

7,400

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2014 2015

US$

/ to

nne

Copper

47.3

46.9 46.9

46.646.4

46.4

46.2

46.4

46.2

46.3

46.0

46.6

45.0

45.5

46.0

46.5

47.0

47.5


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

68.0

63.0

58.0

52.0

60.063.0

52.0

56.0 57.0

53.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2014 2015

US$/

dmtu

Iron Ore

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


Add:No.168,Lot3470,Km9.7,JalanSampan,TongkangPecahIndustrialEstate,Johor,83010BatuPahat,Malaysia Tel : 607-415 2084Fax : 607-415 2085 / 607-415 3729Email : [email protected]

Growing up in a large 300 acre estate in Kajang, Selangor where his father was the manager, Khadmudin Bin Mohamed Rafik spent his early years observing his father do business. From an early age he learned how to look for business opportunities. As he grew up he became interested in law and told himself he would be a lawyer when he grew up. But as in the case of most successful businessmen, he had within himself a spirit of entrepreneurship waiting to awaken and do great things.By the age of 21, Khadmudin was already making RM2,000 to RM3,000 a month trading in the coconuts from his father's estate. Although this gave him a great sense of achievement, he soon yearned to be independent, to build

The Police Hero

how own success story. At the age of 23, he decided to venture out into the world. His uncle who was in the Police Force suggested that he join the Police Force to gain experience and exposure. Having been drawn to law as a young boy, Khadmudin leapt at the opportunity and was appointed the rank of Probationary Inspector in the Special Branch. Little did he know of the heroic deeds he would be engaging in soon.When he joined the Police Force in 1976, it was during the height of the communist insurgency. The Perak Chief of Police had just been murdered by the communists in front of a school in Ipoh. Nobody wanted to be posted to Perak which was at the heart of communist activity. In the Special Branch, only 15 out of 126 officers volunteered to go to Perak. Khadmudin was one of them. He was involved in special operations throughout in the jungles of Perak, fighting against communists who were infiltrating the orang asli communities. Khadmudin's first contact with the enemy was in a mining field in Gopeng during Ops Sitiawan, when his troops were engaged in a firefight with the communists. It was during these deadly situations that Khadmudin learned a vital life-changing lesson - focus was the number one factor that separated success from failure. He received numerous commendations and awards during his tenure in the Police Force including the Pingat Pertabalan Sultan Perak and Pingat Jasa Kebaktian. In 1981 he was promoted to Area Inspector and was transferred to Taiping. In the subsequent years he rose through the ranks, becoming a Prosecution Officer and Senior Investigating Officer before becoming the Head Prosecutor in Batu Pahat in 1991.It was during the height of his career in the Police Force that his entrepreneurial spirit awoke again. He wished to provide a better income for his family, and so started to do what he used to in his younger days - look for business opportunities. He found out about a textile producing company where a good friend was working which was failing and was looking for a buyer. He bought over the company and installed his friend as the General Manager to help him manage the business. His General Manager remains with him until today. It was only in 1995 that he took up his optional retirement from the Police Force after 20 years of service. In 1996, he was able to finally actively participate in the running and building of his company.When he first took over the company, it was basically a new start, as the business had run aground. Starting with a staff of 10 from the previous company, Khadmudin planned his business growth with careful consideration. He focused on achieving a minimum target of 10% growth annually and diversified his marketing. With the focus and determination that he honed over his impressive career he started to drive his business upwards. As his operations grew, he soon had to look for financing in order to achieve his growth targets. He chose SME Bank over other banks due to the favourable rates offered by SME Bank. The different types on financing available was also a decisive factor for him.In 1997 when he badly needed to replace his ageing machinery, he was given a financing package totalling RM1.5 million to bring in new equipment from Germany. During those days of economic downturn, he was naturally worried about whether he would be able to meet the financing obligations. But his strategy of diversifying his markets paid off well, and his company was able to do quite well even through the economic downturn of 97-98 and achieve his target of 10% growth.Maple Tricot Industries Sdn Bhd supplies textiles to the local and export markets, they sell to large regional manufacturers of branded apparels, they sell fabrics to local garment makers large and small, they supply to the government and GLCs on tenders, and even to small time fabric traders. Today the company boasts of close to a hundred workers running his facilities that are able to produce 100 + tons of fabric a month, and have even started to produce fabrics for the automotive industry. With his legendary focus, Khadmudin now looks forward to even higher peaks of achievement.

MITI Management Retreat 2015 MITI Programme

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ransformation, P

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ERIN

G G

rowth”


26 - 28 November 2015

Announcement


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ransformation, P

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ERIN

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rowth”

MITI MENCAPAI 97.77 PERATUS DALAM TAHAP PRESTASI PENGURUSAN KEWANGAN KEMENTERIAN 2014 MENGIKUT LAPORAN KETUA AUDIT NEGARA

Utusan Malaysia, 24 Nov. 2015

Media Release Signing Ceremony Of The Protocol To Amend The Framework Agreement On Comprehensive Economic Co-Operation Between Asean And The

People’s Republic Of China

The ASEAN Economic Ministers had successfully signed the Protocol To Amend The Framework Agreement On Comprehensive Economic Co-Operation Between ASEAN and the People’s Republic of China, witnessed by the Leaders on 22 November 2015 at the 27th ASEAN Summit and Related Summits held in Kuala Lumpur.

The upgrading of the ASEAN-China Free Trade Agreement (ACFTA) aims to streamline and enhance economic cooperation, in line with the changes in the trade and economic landscape between ASEAN and China, including amendments to the agreement on Trade in Goods, Services, Investment, Economic and Technical Cooperation.

ACFTA has contributed to the rapid development of trade and investment between ASEAN and China. It is important that the scope and content of ACFTA continue to grow in line with the current regional and global economic landscape and are comparable to other modern free trade agreements. The Protocol will strengthen and enhance the existing agreement to stimulate and facilitate trade in goods, services, investment and the enhancement on economic cooperation between ASEAN and China.

The amendments under the Protocol is also expected to contribute and meet the goals set forth by the Leaders of ASEAN and China to achieve two-way trade of USD 1 trillion and investment of USD150 billion by the year 2020.


“DR

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ransformation, P

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ERIN

G G

rowth”

SHOWCASE SATU DAERAH SATU INDUSTRI (SDSI)PERINGKAT NASIONAL 2015

We Have Moved!


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