Disusun oleh Perpustakaan, UPP

Edaran Terhad

●24hb - 27hb Disember 2016●

Barton

2 4 DEC 2016

GETAH 23 Disember2016

asaran getah Malaysia d i t u t up bercampur -

campur selepas permintaan dikekang sentimen lemah di pasaran setara rantau ini.

Pasaran niaga hadapan getah di Bursa Hadapan Shanghai dan Bursa Komoditi Si- ngapura rendah berikutan aktiviti pengambilan un-

■ tung.Sementara itu, Bursa Ko

moditi Tokyo ditutup hari ini sempena sambu tan hari ke- puteraan Maharaja Jepun.

Pada tengah hari, harga fi- zikal rasmi Lembaga Getah Malaysia bagi gred tayar SMR 20 susut 15.5 sen kepada RM8.635 sekilogram manaka- la susu getah pukal turun satu sen kepada RM6.44 sekilogram.

Pada jam 5 petang, harga penutup tidak rasmi bagi gred tayar SMR 20 meningkat 18.5 sen kepada RM8.72 sekilogram manakala bagi susu getah pukal pula naik 2.5 sen kepada RM6.445 sekilogram.

T t e S t a r

2 4 DEC 2016

RUBBERKUALA LUMPURThe Malaysian rubber market dosed mixed yesterday as demand was curbed by weak sentiment in regional peer markets.

Rubber futures on the Shanghai Futures Exchange and Singapore Commodity Exchange were lower due to profit-taking.

Meanwhile, the benchmark Tokyo Commodity Exchange was closed yesterday for the Japanese Emperor’s Birthday.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade

SMR 20 fell 15.5 sen to 863.5 sen a kg while latex- in-bulk slipped one sen to 644 sen a kg.

The unofficial closing price at 5 pm for tyre-grade SMR 20 rose 18,5 sen to 872 sen a kg while latex-inbulk gained 2.5 sen to 644.5 sen a kg. - BernamaSMR PRICES FROM MRB IN SEN A KILO: DEC 23Offer Price Noon sell Closing sell

Sen/Kg US Cents/Kg Sen/Kg US Cents/KgSMR CV 994.00 225.20 998.50 226.20SMR L 954,50 216.25 959.50 217,40SMR 5 875.50 198.35 884.00 200.25SMR GP 872.50 197,65SMR 10 865.50 196.10 874.00 198,00SMR 20 863,50 195.65 872.00 197.55CENTRIFUGED LATEX - LOCAL PRICE (ISO 2004) IN MALAYSIANSENZKG(WET)Offer Price Noon sell Closing sellLatex in bulk 644.00 644.50Note: Effective from Jan 2, 2014, MRB will publish only the sellers'offer price.FARMGATE LATEX PRICE:

Latex CuplumpLow High Low High

(sen/kg) (sen/kg)Peninsular 700.00 800.00 338.00 36S.OOSabah 740.00 740.00 335.00 400.00Sarawak - - 250.00 365.00

US$Low High

Sabah 350.00 420.00Sarawak 310,00 581.00Source: Malaysian Rubber Board

AT A GLANCECOMMODITIES (DEC 23)______________________________ _

Tin (per tonne) - US$20,800 -US$100Gold (per gramme) RM157.73 +RM0.22CPO Futures (per tonne) Jan RM3,150 +RM25US$ CPO Futures (per tonne) US$703.75Rubber (per kg) SMR 20 863.50 sen -15.5 senLatex 644.00 sen +1 senDEC 22Nymex Oil Feb (per barrel) US$52.95 +US$0.46

T b e S t a r

2 4 DEC 2016EXCHANGE RATEBank Negara’s best available quotations by commercial banks of Kuala Lumpur at 5pm on Dec 23, 2016 UNITS OF FOREIGN CURRENCY PER UNIT OF MALAYSIAN RINGGIT _____________________________________

Buying OD Selling ODUS dollar: 0.2233 0.2235Sterling: 0.1822 0.1824Singapore dollar: 0.3229 0.3233Yen 100: 26.2104 26.2302Euro: 0.2137 0.2139Chinese Renminbi: 1.5516 1.5529Ringgit Malaysia per foreign currency

OPENING RATES BY MAYBANK ON DEC 23, 2016____________

SELLING BUYING BUYINGTT/OD TT OD

1 US Dollar..................................4.5360 4,4190 4.40901 Australian Dollar.....................3.2870 3.1820 3.16601 Brunei Dollar........................... 3.1380 3.0390 3.03101 Canadian Dollar....................... 3.3710 3.2710 3.25901 Euro.......................... ........ :.....4.7430 4.6040 4,58401 New Zealand Dollar................3.1540 3.0300 3.01401 Papua N Guinea K ina............. 1.5400 1.2860 1.27001 Singapore Dollar..................... 3.1375 3.0390 3.03101 Sterling Pound......................... 5.5650 5.4280 5.40801 Swiss Franc.............................. 4.4220 4.3100 .4.2950100 UAE Dirham..................... 125.3200 118.5100 118.3100100 Bangladesh Taka................. 5.8260 5.4920 5.2920100 Danish Krone..................... 65.5700 60.1700 59.9700100 Hongkong Dollar............... 59.2900 56.0900 55.8900100 Indian Rupee....................... 6.8180 6.3800 6.1800100 Indonesian Rupiah...............0.0351 0.0315 0.0265100 Japanese Yen....................... 3.8770 3.7460 . 3.7360100 Norwegian Krone.............. 53.6100 49.1800 48,9800100 Pakistan Rupee................... 4.4200 4.1300 3.9300100 Philippine Peso.....................9.2600 8.7000 8.5000-100 Qatar Riyal....................... 126.0400 119.8900 119.6900100 Saudi Riyal....................... 122.4700 116.2600 116.0600 '100 South Africa Rand............. 33.2800 30.6200 30.4200100 Sri Lanka Rupee.................. 3.1200 2.8400 2.6400100 Swedish Krona.................. 50.8800 46.2400 46.0400100 Thai Baht.............................13.4700 11.4000 11.0000

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Berftta H artaa

2 4 DEC 2016

Getah catat harga terbaikP r p c h 2i c | . ‘ getah di pasaran tempatan tayar,” katanya dalam nota

^ Oleh Mahanum menlngkat dengan gred getah penyelidikannya.m p I n n i ^ L r Abdul Aziz Standard Malaysia Rubber (SMR) Eerdasarkan perangkaant I ICIUI tjc lr\ mahanum_aziz@bh.com.my 20 mencecah paras tertinggi Persatuan Kereta Penumpangr j r |-ry p i p r ^ f i ic baharunya dalam tempoh tiga China (PCA), jualan kendera-/ O ' j / [ J c l d lU n etah mendahuiui komo- tahun. an bermotor dengan kapasiti

di R 11TCP « ™ d it i utamalain dengan enjin 1.6 liter dan ke bawahI DU I b a ^ iB m erekodkan prestasi Meningkat lebih 100 peratus meningkatlebih20peratusdari

Li j terbaik dari segi peratusan pe- Harga gred getah yang digit- bulan ke bulan sejak pengura-f~ 1 aQ a P<d fl ningkatan harga pada tahun nakan dalam pelbagai industri ngan cukai diperkenalkan.

i i ■ ini. berasaskan getah, terutamab n a n g n a i Harga getah di Bursa Hada- pembuatan tayar itu telah Naik mendadak

i ■ ■ pan Shanghai melonjak 76.57 meningkat lebih 100 peratus Insentif cukai itu dijangkat a n u n i n i peratus sepanjang didagangkan daripada paras rendah yang tamat menjelang akhir tahun

tahun ini, demikian mengikut dicatatkannya sejak Februari dan pengeluar kereta Chinapangkalan data yang dikumpul- lalu pada paras RM4.25 sekilo- menjangkakan peningkatankan Bloomberg. gram. mendadak dalamjualan beriku-

Komoditi kedua yang men- Kali terakhir harga SMR tanpelangganberlumba-lumba catatkan prestasi terbaik ialah 20 pada paras antara RM8.80 membeli kereta sebelum tarikh susu yang melonjak 50 peratus hingga RM9 sekilogram adalah akhir tempoh pengurangan pada tahun ini, diikuti keluii pada Februari 2013. cukai itu.(+68.36 peratus), kopi (+34.90 MIDF Research berkata, Penganalisis pasaran me- peratus), kapas (+33.29 peratus) peningkatan permintaan ken- ngunjurkan corak aliran me-dan minyak sawit mentah deraan bermotor di ekonomi ningkat harga getah asli akan(+25.48 peratus). kedua terbesar dunia itu beri- berterusan sehingga separuh

Harga getah asli mula men- kiitan langkah kerajaan China pertama tahun depan susulancatatkan peningkatan secara mengurangkan cukai pembeli- pengurangan bekalan bermu-beransur-ansur sejak akhir Sep- an kenderaan bermotor dengan sim khususnya Mac hingga Mei,tember lalu susulan peningka- kapasiti enjin 1.6 liter dan ke Lazimnya, dalam tempoh tan permintaan kenderaan bawah kepada lima peratus ber- Mac hingga Mei, pokok getahbermotor di China, yang mana banding 10 peratus sebelum ini. akan mengalami penguranganmelonjakkanpermintaanuntuk “Permintaan kukuh untuk pengeluaran susu getah susu-tayar kereta. kenderaan bermotor di China lan cuaca panas berterusan

Permintaan kukuh itu men- itu memacu permintaan bagi yang mana akan menyokong jadi pemangkin untuk harga getah asli untuk pengeluaran harga getah untuk kekal tinggi.

Berttii H trl» i

2 4 DEC 2016

LSK pengeluar tilam lateks terbesar di Malaysia

^ ^ ^ h a n _ sem^ terbesar di^Ma^ 1.07 juta helaa^ dengan Kelantanj

.v- ’*" lu a rk an sebanyak 4,008 tan mencipta jenama mereka sendiii| p N l a t e k s terem par (centrifuged la- dengan membuat pelaburan da-

tex) setahun. lam inovasi produk, selain memas-“Selain Napure, LKS turut me* tikan produk memenuhi piawaian

ngeluarkan jenama tilam antara- antarabangsa seperti dilakukan bangsa seperti Tempur, Englander LSK,” katanya. dan kerusi‘Recliner’. Sementara itu, Lee berkata,

perm intaan terhadap tilam ke- Pengeluar tilam terbesar luaran syarikat mereka, teruta-

''v ‘4* di Asia Tenggara ma Napure meningkat secara ■*. . - ^ , r “Syarikat ini juga sudah menjadi drastik kerana ia menyediakan

- L f v . «-... . pengeluar tilam terbesar'di Asia sokongan ergonomik kepada ba-vx v:\- Tenggaradalampengeluaranbusa dan untuk tidur yang lebih se-

(. \ getah asli, busa poliuretana dan lesa.^ n K U t S’V ^ , V pelbagai produk spring,” katanya “Sebanyak 90 peratus produk Na-

^ v " pada majlis penyampaian sijil pure dieksport ke beberapa ne-~ v ^ - 4 !| ^ MBOR di Wisma LSK, di sini, se- gara, termasuk Korea Selatan, Je-

Siew Keong (kiri) diberi penerangan oleh Lee ketika mengadakan lawatan ke kilang tilam LSK malam. pun, China, Taiwan, Australia dandi K/ang, sema/am. Yang turut hadir, Pengarah Uru- Belgium” katanya.

9 e r i t a H a r ia n

2 4 DEC 2016

Pengeluaran sawit EHP dijangka bertambah 12 peratusPT Eagle High Plantations Tbk sejak awal tahun lalu dan menga- “Paling pen ting , syarikat ta r Penilaian Prestasi Syarikat(EHP) m enganggarkan pengelu- kibatkan penurunan m endadak m am pu m engekalkan tah ap (PROPER) dengan penarafan Biruaran tandan buah -segar (FFB) pengeluaran FFB dari 2015 hingga konsisten kadar perahan minyak bagi PT Bumilanggeng Perdana-bagi suku keem pat 2016 akan pertengahan 2016. (OEM) minyak sawit mehtah (MSM) trada, tahun ini. Peninekatanmeningkat 12 peratus berbanding Bagaimanapun, dianggarkan sekitar 23-5 peratus ” katanya. PROPER adalah instrum en ^tempoh sama tahun lalu. bahawa kesan El Nino semakin kawal selia yang digunakan oleh pengeluaran FFV

Penilaianitu adalahberasaskan berkurangan menuju ke separuh Tingkatpiawaian Kementerian Alam Sekitar dan adalah dijangkakepada usia agak m uda keba- kedua tahun ini. Beliau berkata, syarikat melaksa- Perhutanan bagi pengurusan alam inyakan pokok kelapa sawit syari- Ini boleh dilihat daripada hasil nakan pengurusan estet sawit sekitar industri di lndonesia. K erana-K eD anya Kankat itu selain impak El Nino yang pengeluaran FFB syarikat pada yanglestari seperti diarahkan oleh Selain itu, PT Jaya Mandiri pokok kelapa Sawitsemakin lemah pada tahun ini. suku keempat yang m eningkat kerajaan melalui persijilan Sawit Sukses menerima sijil ProperDa s v a r ik a t m a s ih

"Peningkatan pengeluaran, 100 peratus berbanding suku sebe- Lestari Indonesia (ISPO). dengan penarafan Hijau daripa- | • u ■ .FFV adalah dijangka kerana keba- lumnya. “Tahun ini, salah satu anak sya- da kerajaan Kalimantan Timur lagl befUSia agaknyakan pokok kelapa sawit syarikat Deddy berkata, syarikat memu- rikat iaitu PT Jaya Mandiri Sukses manakala sijil ProperDa dengan r n u d a ;;masih lagi berusia agak muda. lakan operas! salah satu kilang berjaya mendapatkan sijil ISPO,” penarafan Biru diberi daripada

“Tambahan lagi, berkemungki- sawit yang mempunyai kapasiti 45 katanya. kerajaan K alim antan Selatan Deddy Setiadi,nan bahawa impak El Nino akan tan sejam, November lalu. Selain itu, syarikat juga akan kepada PT Pesonalintas Surasejati. .Setiausaha Syarikatberkurangan dalam tempoh ini,” la terletak di WilayahKetapang, meningkatkan piawaian semua PT Tandan Sawita Papua pula PTEHPkata Setiausaha Syarikat PT EHP. Kalimantan Baratmemandangkan anak syarikatnya dengan mengi- m enerim a anugerah daripadaDeddy Setiadi di Jakarta. majoriti pokok kelapa sawit di bebe- kuti persijilan berkenaan. Gabenor Papua di atas Tanggungja-

Seperti yang diketahui, El Nino rapa estet syarikat di Ketapang EHP berjaya meraih anugerah wab Sosial Korporat 2016, Oktobermemberi kesan kepada Indonesia sudah sedia dituai. Program Pengurusan Alam Seki- lalu.

« s r

2 4 DEC 2016

KL, Jakarta plan more missions to neutralise palm trade barriers

al ia e i o ^ ^tax by countries in Europe. Such sia President Joko Widodo, also the welfare of oil palm smallholders defamatory campaigns have mani- known as Jokowi, announced that and develop a global framework for tested into palm oil trade barriers. each country would contribute an ■ sustainably-certified palm oil, it is

With the allegations that oil palm initial USS5 million (RM22.4 million) also tasked with promoting devel- plantings are unfriendly to the en- to establish the CPOPC. opment of green economic zonesvironment, palm oil exports are es- Following Jokowi’s recent cabinet across Indonesia and Malaysia, sentially denied equal opportunities reshuffle and Indonesian lawmak- It is also a platform for experienceto trade compared with those of rival ers enacting dedicated laws to better sharing on biodiesel mandate im- vegetable oils such as soya, rapeseed regulate oil palm planting and palm plementadon. and sunflower. oil trading, the jurisdiction of the Mah said the CPOPC membership

“There will be more joint-minis- CPOPC has now been transferred to was open to Brazil, Colombia, Thai- terial missions to major palm oil im- the Coordinating Ministry for Eco- land, Ghana, Liberia, Nigeria; Papua porting countries in 2017,” said Mah, nomic Affairs from the Coordinating New Guinea, the Philippines and adding that these efforts would be Ministry of Maritime Affairs. Uganda.carried out under the Council of The CPOPC is a common platform Thecouncilwasestablishingapri-Palm Oil Producing Countries to promote palm oil and neutralise vate sector and smallholders'forum (CPOPC) platform. trade barriers as Indonesia and to outline effective measures to-

At the Asean Summit, here, in Malaysia collectively produce 85 per wards strengthening cooperation November last year, Prime Minister cent of palm oil globally. between Indonesia and Malaysia’sDatuk Seri Najib Razak and Indone- While CPOPC seeks to enhance oil palm planters, he added.

T befltar2 4 DEC 2016

Bank Negara signs Molls with Indonesian, Thai counterpartssigned two bilateral memoranda of under- of the regional foreign exchange and money

use of local currencies for settlements of financial integration. "trade and investments. The bilateral MoUs were signed by Bank w r r M ^ \ h

A joint statement said Bank Negara and Negara governor Datuk Muhammad n J n B iBOT, respectively, signed MoUs with Bank Ibrahim, Bank Indonesia governor Agus ^ \ ^ S p * ;

direct investment in their local currencies. Muhammad said in a separate statement that * ® |i"Following the successful implementation the arrangements signed yesterday were part of

of a similar arrangement between Bank their continuous efforts to provide the institu- iS ENegara and BoT earlier this year, these bilat- tional and pohcy framework to promote orderly eral arrangements will efficiently facilitate financial market conditions and support theeconomic and financial activities among the efficient management of financial risks. Aw f |three countries,” the statement said. "In particular, these arrangements will

businesses by reducing transaction costs and tries to better manage foreign exchange risks enhancing efficiency of trade and invest- by using local currencies to settle trade andment settlements. Amid the current volatile investment activities,” he said. global financial market conditions, this will “In addition to improving cost efficienciesoffer businesses more options in choosing for businesses, the increased demand forcurrencies for trade settlement.'’ local currency financial products will also _. , , ,, , ,, . r ,. , , , „ n i*i ^ . . ,

The local currency settlement framework contribute towards deepening the region’s J]1® waV V/eera ai antiprabhob, Agus D.W. Martowardojo andis expected to pave the way for wider usage financial markets.” Muhammad with the MoUs signed in Bangkok.

THE EDGE2 6 DEC 2016

Will government bond redemptions in 2017 weigh on the ringgit?8 V CINDY YEAP debt that are "rolled over" may have the US Federal Reserve in 2017, says year, over half the amount is held by expected bond maturity and bond net

to be largely taken up by local inves- Yeah, who is one of two external central banks and sovereign wealth issuance in 2017 that are estimated” T ” here are signs that foreign tors,such as the Employees Provident members of Bank Negara’s Mon- funds, which typically are long- at about RM110 billion, taking into

outflowsfromdomesticdebt FundandKumpulanWangPersaraan etary Policy Committee (for two term investors,The remainder is account the federal government’ssecurities have stabilised (Diperbadankan). years from April 1, 20IS) and was held by institutional investors, who RM40 billion budget deficit,this month after a tumultu- “Besides long-term foreign in- formerly group chief economist of are typically linked to global bond "Between2011and2016,anannu-ous November, But despite vestors, there is adequate capacity RAM Holdings Bhd. index funds such as the JP Morgan al average of about RM65 billion ofSecond Finance Minister Da- and liquidity among domestic insti- “We anticipate the MGS yield Government Bond Index-Emerging MGS and GII matured each year. The

tuk Johari Abdul Ghani saying “we tutional investors,such as the EPF, curve to adjust upwards slightly. Markets Index where Malaysia is expected maturity of RM67 billionshouldn’t panic” as the ringgit hit to absorb new issuances as well as This means that the Malaysian gov- one of 17 countries included in the to RM78 billion annually through4,4823 against the greenback intraday foreigners' sell-off... the EPF alone ernment will incur marginally high- index, 2021 is therefore close to the annu-on Dec 20, the high foreign holding of is in a position to absorb the rollo- er borrowing cost but ordinary Ma- "As long as the country remains al average recorded over the last sixMalaysian bonds remains a concern ver of all the maturing MGS issues," laysians will not feel the impact,” on the index, foreign investors will years,” says Yeah,among investors. says Dr Yeah Kim Leng, econom- he adds. continue to stay invested to rep- Even so, confidence remains

After all, net selling by foreign ics professor at Sunway University That is assuming foreign redemp- licate the index’s performance, an underlying concern. Last week,funds reached RMI9.9 billion in just Business School. tion and repatriation would not sig- Should there be increased sell-off investors were reminded of theone month in November.That is 71% The EPF’s holdings of MGS stood nificantly impact the ringgit because or diminished interest by foreign 4.885 all-time high that the ring-of the RM28 billion net outflow over at RM180.96 billion, or 25.4% of its the size of the redemption is not very investors arising from the expected git reached versus the US dollar inthree months during the “TaperTan- total investment assets of RM712.5 much larger than usual and given US rate hikes, the maturing issues March 1998 amid the Asian finan-trum” period of June to August 2013 billion, as atend-September. that more than half are being held should have no problem being ab- cial crisis. While one bearish fore-— leading to Bank Negara Malaysia’s The interest rate differential by long-term investors. sorbed by local institutions," Yeah caster expects the ringgit to reachreserves falling from its May 2013 "still remains positive in Malay- "Although foreign investors ac- explains. 5.00 to the greenback by end-2016,peak of USS141.4 billion. sia's favour" despite the expected count for a 51% share of MGS as at He is also not overly concerned it is worth noting that Bloomberg

Three and a half years on, the two to three interest rate hikes by the end of the third quarter of this about the slightly higher number of data show median and mean fore-central bank’s foreign reserves were casts for the ringgit ranging fromdown 31.8% to US$96.4 billion as at ban knigaka Malaysia 4.46 to 4.55 for next year.The most

.Ba.1k rese™65 wer® at their highest just ahead of ‘Taper Tantrum’is 1.2 times short-term external In M a y 20*13 3 5 i t in tC rV C flS d tO S IT lO O th o n V o la t i l i ty If! tf lG m S r K c t optimistic see the ringgit reachingdebt. That is down US$1.4 billion l60 BNMR6SHVes(JSJhl) ■ b ibe b o tto m ) 5 4.00 to the US dollar,from end-October. ™ _ At the time of writing, there is

Although experts say the selling ®: ’ feservesiussbii) '11 LJ llomyr _ ^ A a lack of clear direction from fore-pressure has abated,they do not rule 1J0 sb Vi wij ---- casts on when exactly the ringgitout the possibility of more foreign Ringgitj*ggedat j.aoi(use afl S-l E9 / , will start to regain strength, withI j. . , j , ,rn Sept 199010 Jufy 2005 U3 sM rfis / "Eo he release Jan 6 4 ,. Lselling taking place- - and not nec- _ -------- 1----------------------- - m ..... ^ M i - / median rates pointing to 2Q2017,

essarilyfromoutflowdrivenbybond H jjjjijj g j '’l l § i f H H • ; ’ s mean rates pointing to 3Q2017andmaturity — should there be renewed ™ -'T Pj p§ i-.i | ■ the bears looking at a weak ringgitconfidence-related shocks, especially | | | | -i® — | | 3 through 2018.The latter is mirroredif sentiment on the emerging mar- 40 l l I I H M t l i l kl % 'I-’- ■ j by the forward rates, which were atkets remains negative. =2 |j | M | | | | | | jj| §1 M M M | | M ;";:i j ! ;s 4.50 for IQ2017,4,52 for 2Q20I7,4.56

In 2017 alone, RM78 billion of gov- 20 |9 %[| j$| | | i j | | | | |1 j || H M « | | | | f | ■ j for 3Q2017,4.57 for 4Q2017 and 4.68 foremmentdebtwiEbematuring(incIud- 0 pj III ill ifl ™ H gj Sy4 2 2018. Clearly, more needs to be doneing RM6.75 billion Bank Negara mon- 3000 3001 3003 3005 2006 3007 :oos 3009 3010 son 3013 3ms 2014 3015 :01s o« to help investors regain confidenceetary notes), according to Bloomberg d«) in the ringgit. Bdata. That is part of some RM281.05billion that is slated to mature from bujombebg , bloomberg

eminent1d e b t T o t a l g o v e r n m e n t d e b t m a t u r i n g a n n u a i i y T o ta l g o v e r n m e n t b o n d s m a t u r i n g in 2 0 1 7as at end-September. in t h e n e x t d e c a d e

On top of the principal amount, _ _there are RM25.1 billion of interest 78 B A,T10ljnt lRM Ml ■ (RM M 13 5charges due next year for all out- 663 693 71.3 H mmstand ing government debt thro ugh ,1-5 H H2046. Of the interest due, RM1.2 bil- B H

for the RM66.75 billion Malay-Government Securities (MGS) i(j2 H H H H H H

and shariah-compliant Malaysian H H H H H HIssues utm H H H

■ ■ w m H H H H H H H Hfrom to H H H H ■ ■ ■ ■

B ■ ^ b ■ ■ ■ ■ ■ H ■ H ■ H HBloomberg data show. ---H LJW U B I— Ml— Ml— Mi— Ml--Mi— ML _M_M__M Bi_mm_M .Bl_M_M.. M M__0_

m enttondy^elTirnolonglrah 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Jan Feb Marrfl * * Ma> June JulV AuS Sqrt Oct Nov Dectractive, but negative perception remains a key issue that investorsface, experts say. bankmeuakamalaysta banknegakamamysea

man and chief economist at RHB D i s t r i b u t i o n o f n o n - r e s i d e n t h o l d i n g s N o n - r e s i d e n t h o l d i n g s o f M a l a y s i a nResearch institute, concurs, saying in g o v e r n m e n t b o n d s (% ) g o v e r n m e n t b o n d s r e m a i n e d r e l a t i v e l ythat Malaysian government bond 41 c t p h i p a t I d 0/ a c a t < ;p n t "Jfllf iyields remain “attractive to foreign 38 — M M - 5 1 3 0 1 6 3 1 /o 3 5 31 ,Dinvestors,particularly the pension ra ® 1016 ® ® J°16 rmph vinHokungfunds". 1 300 IB Govt Bond iLHS) Q %NnofGovt(RH5) ____ 35

However, "the perceived currency | 27 27 23 250 _______ -------- 33 8 30risk tends to discourage foreign m- ^ ^

contrary, experts say. Management B a r* / Funds Companies Custodians Sept M an^^" Sept Marrfl SeptThisiswhymaturinggovernment Government 2014 2015 2015 2016 2016

Berita Hartan

2 7 DEC 2016

fIFTAH V62.5 SENV J L . 1 n I I 26 Disember 2016

asaran getah M alaysia dijangka kekal lem bap

minggu mi setelah kurang per- m intaan berikutan pedagang tidak akan memasuki pasaran kerana bercuti sempena akhir tahun, kata peniaga.

Seorang peniaga berkata harga komoditi berkemungki- nan bergerak mendatar dan juga bergantung kepada penawaran pasaran dan prestasi ringgit.

“Pengeluaran getah asli di negara pengeluar meningkat tetapi angka eksport akan baik. Ini akan membantu mengimba- ngi harga daripada terus jatuh,” kata seorang peniaga.

Pergerakan di niaga hadapan getah di Bursa Komoditi Tokyo (TOCOM), mempengaruhi harga di pasaran domestik minggu ini.

Bagi m inggu yan g baru berakhir, dagangan bercam- pur-campur dipengaruhi oleh ketidaktentuan harga komoditi seperti minyak m entah dan kacang soya serta turun naik ringgit.

. Bagi asas perbandingan Ju- maat ke Jumaat, harga tengah hari Lembaga Getah Malaysia bagi SMR 20 susut 62.5 sen kepada RM8.63.5 sekilogram m anakala susu getah pukal turun 7.5 sen kepada RM6.44 sekilogram.

Harga penutup tidak rasmi pada pukul 5 petang bagi SMR 20 berkurangan 43 sen kepada RM8.72 sekilogram, manakala susu getah pukal turun $.5 sen kepada RM6.445 sekilogram.

BERNAMA

P R I M E N E W S . * P*ST

Device helps *

ROSLIZAKARIA^ ' \ \

.^ ^ L g e ttin g wet has allowed rub- up further, I am confident of earn- Aswadi Ali tapping a rubber tree in the rain atKampung Seri Kenangan, Langkap, in Setiu last week. Theber tappers to earn more. ing more than RAM,000 this rainguard, which is made of latex, enables rubber tappers to collect the milky fluid in the rain. Pic by Rosli

With the price of rubber steadily month. Zakariarising, many are turning to the “This should be enough to buysimple device, which costs RM3.50 new school uniforms for my two reason for rubber tappers to be said Abdullah, who has 11 chil- his wife Rosmah Ismail, 44.each. schooling children,” said Aswadi, lazy. But I believe some did not dren. Asri, who has four schooling

Rubber tapper Aswadi Ali, 39, who supports six members of his adopt the new technology mainly Meanwhile, part-time security children, said on average he earnedsaid with the reopening of schools family. because of the price of the ap- guard Mohd Asri Abdullah, 48, said about RM500 a month when thejust around the corner, every ring- Another rubber tapper, Abdullah paratus. he felt frustrated as he missed the price of rubber was below RM2 per

+git counted for him, especially dur- Yakup, 61, said he could collect as “A rainguard costs RM3.50 each, opportunity to earn more because kilogramme,ing the monsoon season. much as 60kg of rubber and earn It will help the rubber tappers if the he did not use the device. “I hope the price of the com-

“It will be impossible to tap rub- about RM250 daily a day when he government can provide the rain- “I hope the rain will stop. A week modity will continue to rise in theber trees in the rain without the started using the rainguards. guards for free. will be enough for me to earn about next couple of months to enable merainguards. “With all the new technology in- “This will enable them to tap the RM2,000,” said Asri who taps rub- to keep some money for contin-

“My only inconvenience now is troduced in the industry there is no trees during this monsoon period,” ber trees on a 2ha plot of land with gencies.”

tJtntan

j g p g 2 7 DEC 2016

S s b ih b s n y a k p f if s b u r a lf f iS S ^ ^ ^ ^ BOlehNABILA YA5MIN RAZIB ^ Katanya, sepanjang tempoh Malaysia.di'sffii baru-baru ini. : V ^:*^ ■■ ;.?\ ■;::;;; V ' : '' 1 '

--------------------- ------------------ jaan bernilai tinggi dan berasas- Khazanah Nasional Bhd. (Kha- i ni/in* Tri/nnanr M'-iinwi-i n i t i n r w n m i r \ Vik:;‘-~ 1* KUALA LUMPUR 26 DfS. kan pengetahuan telah diwujud- zanah) „ dan bertanggungjawab . hOK3Sl ISK anaar M alaysia y an g StrateglK 1 u-4^ ,... "" kan. mengnruskan perkhidmatan gbs berhamplran Singapura, selainlcos berdaya saing, ; ■-:G£ 1 EKTOR Perkhidmatan Per- “Lokasi Iskandar Malaysia Iskandar. kpu n av ^^n h^kaca Han k p m ah iran Hnoai cprta : ' ;.Gl^^niagaan Global (GBS) Is- yang strategik berhampiran Si- Sebeium ini pada 7 Disember, P ^ ^ ,■is k a n d a r dijangka terns ber- ngapura, selain kos berdaya sa- Perdana Menteri, Datuk Seri Na- modal insanberbakat menjadikannya sebagaijaya menarik lebih banyak ing, keupayaan bahasa dan ke- jib Tun Abdul Razak telah meng- h ah nprkh irlm ntnn iripal hacri <;pktnr fTRVpelaburan sekahgus mencapai mahiran tinggi serta modal Insan umumkan insentif cukai khas ^ ® jsasaran RM6.5 bilion pelaburan berbakat menjadikannya sebagai bagi GBS yang beroperasi di Ma- 1serta 14,000 peluang pekerjaan hab perkhidmatan ideal bagi sek- laysia. ZULFIQAR ZAINUDD1N Iyang kebanyakannya berpenda- tor GBS Di bawah insentif tersebut Pengarah Urusan i2M Ventures Sdn. Bhd. (i2M) Apatan tinggi menjelang 2020. “Selain itu bagi merancakkan syarikat-syarikat yang layak A

Pengarah Urusan I2M Ven- lagi GBS Iskandar, pihak kami boleh memohon bagi pakej jadi lokasi menarik bagi pelabur- penting untuk merangsang ak- JBtures Sdn. Bhd. (i2M), Zulfiqar sentiasa mengadakan perbin- sokongan cukai khas Medini, pelabur asing dengan sektor GBS tiviti ekonomi di rantau ini. 9AZainuddin berkata, setakat mi cangan dengan pelabur yang sementara pekerja-pekerja yang merupakan satu daripada sektor “Ini juga sekali gus me- ** ^sebanyak lapan buah syarikat berminat, sekali gus menjang- layak dapat menikmati 15 pera- yang mampu menawarkan pelu- nyokong aspirasi kerajaan jg tB ^ A 'telah melabur di Iskandar Ma- kakan lebih banyak perkemba- tus kadar cukai pendapatan di ang kerja berpendapatan tinggi. untuk memacu pertum-laysia dengan pelaburan komited ngan berkaitan sektor itu dalam Iskandar Malaysia. Zulfiqar berkata, GBS Iskandar buhan ekonomi digital j/H K O ? “sebanyak RMi.2 bilion bagi tern- tempoh 12 hingga 18 bulan akan Perdana Menteri berkata, juga secara ridak langsung akan di Malaysia;’ k a t a - ■, yU.-.- .tst...poh lima tahun lalu. datang,” katanya kepada Utusan Iskandar Malaysia terus men- bertindak sebagai pemangkin nya.

San2 7 DEC 2016

Bank Negara expected to keep key interest rate at 3% in 2017M Y $: With the increasing situation will provide room for the central plan, brighter prospect for crude oil price ringgit and year-end festivities,

expectations of more than one interest rate bank to ease the monetary policy if needed. recovery and an expected improvement in However, Kenanga Research noted that aincrease by the US Federal Reserve next year “On the expectation that the economy is domestic demand in 2017. Full-year inflation decrease in fuel price in December (5 sen cutas well as continued large outflow of capital stabilising, BNM is likely to maintain the forecast for 2017 is maintained at 2.3%. in the unleaded and diesel price) could partlyand a persistently weak ringgit, Kenanga Overnight Policy Rate at 3.00% in 2017,” it Meanwhile, inflation is expected to rise in offset the inflationary pressure and keep theResearch expects Bank Negara Malaysia to said in a research note. December following 1.8% in November, a headline inflation in check. “We thus projecthave more reasons to leave interest rates Kenanga Research is of the view that 0.4% from 1.4% in October, in consideration the average Consumer Price Index growth tounchanged next year, inflation will likely gain momentum and stay of the effect of the cooking oil subsidy be higher at 1.7% year-on-year in Q416,

Nevertheless, the research house higher next year, partly in view of the rationalisation in November, disrupted food bringing its full-year growth within ourreiterated that the current stable inflation ongoing government subsidy rationalisation supply due to the monsoon season, weaker forecast of 2.1% year-on-year,” it said.

Berlin Harfara

2 7 DEC 2016

Ekonomi negara terus berkembang di sebalik ketidaktentuan luaran

~ [tiA M R A R IU A 5AN| „ ,

Permintaan domestik dijangka j■ terus memacu ekonom i negara |

■ 5: pada taftnn depan. I -

Mahanum Abd Aria

Ekonomi negara ini terus ! ketiga denganmencatat pertum- \ projekbemilai RM150.8 bilion se- Melangkah ke hadapan, mes- mencatat pertumbuhan I buhan 4.3 peratus, sekali gus I panjang tempoh Januari sehingga I kipun ketidaktentuan ekonomi

pada 2016 dan masih ke- | menjadi suku tahunan terbaik da- j September tahun ini, Nilai itu, ba- I global dijangka berterusan tahun ;kal berdaya tahan mes- | ri segi kadar pertumbuhan seta- | gaimanapun, 3-7 peratus lebih j depan, ekonomi negara diunjur-kipun berdepan ketidak- j kat ini bagi 2016. Prestasi mem- I rendah berbanding RM 156.6 bi- j kan berkembang 4 hingga 5 pe-

tentuan luaran. Memang tidak \ berangsangkan itu disokong oleh j lion tempoh sama tahun lalu, 1 ratus tahun depan, bersesuaiandapat dinafikan, sebagai negara j peningkatan berterusan perbelan- j berikutan penurunan jumlah pro- j dengan kedudukan kewangan ne- jpengeksport dan ekonomi yang ] jaan sektor swasta dan sokongan j jek diluluskan pada tahun lalu, I gara di tengah-tengah pertumbu- !terbuka, Malaysia tidak dapat I tambaban eksport bersih. ! yang mencecah 3-9 peratus kepa- i ban perlahan ekonomi duniamengelak menerima tempias Prestasi suku ketiga yang baik ] da 3,203 projek berbanding 3,334 j berikutan ketidaktentuan susu-pertumbuhan perlahan ekono- I itujuga menjadikan sasaran ke- i projek dicatatkan sepanjang tem- Man langkah Britain untuk keluar j mi global, kejatuhan berterusan j rajaan untuk mencapai pertum- j poh dikaji pada 20t5. i dari EU, perkembangan politikharga minyak mentah dunia ser- j buhan antara 4 hingga 4.5 peratus j j dan kenaikan kadar faedali ASta harga komoditi lain. j bagi keseluruhan 2016 dilihat da- [ Ringgit hadapi tekanan j serta pertumbuhan perlahan

Justeru, ekonomi negara Lnl j pat dicapai, Dari segi kedudukan ! Mengenai pergerakan ringgit, j ekonomi China,berkembang 4.2 peratus dalam j defisit fiskal, negara berada pada j permintaan terhadap mata wang j Permintaan domestik dijangka tempoh sembilan bulan tahun ini i landasan kukuh untuk mencapai j tempatan terus Iemah berikutan ; terus memacu pertumbuhan eko- j berbanding 5 peratus yang dica- j sasaran ditetapkan iaitu 3.1 pe- i harga komoditi yang rendah dan j nomi pada tahun depan sama sc- ;tatkan bagi keseluruhan 2015. \ ratus bagi taiiun im meskipun I aiiran perdagangan dan modal j perti tahun ini dan tahun sebe-

Kepelbagaian asas ekonomi ber- j menerima impak pendapatan i yang terus perlahan, Penguku- j lumnya. Pada tahun lalu, 92 pe-serta pergerakan tukaran asing i lierkaitan minyak dan gas yang j han dolar Amerika Syarikat (AS) ; ratus Keluaran Dalam Negarayang fleksibel menjadi penampan j rendah. j juga memberi tekanan kepada j Kasar (KDNK) benar negara diso-kepada ekonomi benar daripada Kepelbagaian dalam kutipan | ringgit dan juga mata wang uta- j kong permintaan domestik dankejutan harga komoditi sementa- j hasil kerajaan dengan pelaksana- ! ma lain. j corak aiiran ini dijangka berteru-ra pasaran kewangan matang dan ; an Cukai Barangan dan Perkhid- Keputusan undian Britain un- ; san tahun depan. .kukuh membantu dalam menye- j matan (GST) membantu kerajaan ! tuk keluar dari Kesatuan Eropah Kerajaan upturns urijuran per- A J DCDATj ]C rap ketidaktentuan pasaran kewa- i dalam menerima impak kejatu- | (Brexit), kemenangan Donald j tumbuhan 4 hingga 5 peratus ba- j 1 ■ ~J r L l \n l U J ngan global. j han harga komoditi utama. Dasar j Trump pada Pilihan Raya Fresi- ! gi 2017 dilihat mampu dicapai

i monetari dan pertumbuhan kre- j den AS serta langkah Rizab Per- j berdasarkan unjuran hasil Kera- P e rtu m b u h a nPrestasi lebih baik j dit terus menyokong pertumbu- j sekutuan AS menaikkan kadar fa- j jaan Persekutuan meningkat 3.4 ekonom i padaPada suku pertama 2016, ekono- j han ekonomi negara dengan ka- j edah, terns mewujudkan ketidak- j peratus kepada RM219-7 bilion ta- suku ketiga 2016mi negara berkembang 4.2 pera- ; dar inflasi dijangka mencecah 2 \ tentuan di pasaran global yang j hun depan dan perbelanjaan me- I ®tus dengan pertumbuhan terns j hingga 2.5 peratus bagi 2016. j turut memberi tekanan kepada j ngurus RM214-8 bilion. Pada masa ] — — -----dipacu oleh sektor ekonomi uta- ! Walaupun pertumbuhan kre dit i mata wang tempatan. i sama, kerajaan memperuntukkan Ima. Namun, eksport bersih yang j perlahan tahun ini, masih terda- Malah.jangkaanbahawa Rizab | perbelanjaan pembangunan ber- A DC RATI |C terus merosot dan pengeluaran j pat kecairan mencukupi dalam j Persekutuan AS akan menaikkan i jumlah RM46 bilion yang memer- 1 r C n n l U Jstok yang tinggi menyebabkan ! sis tem kewangan negara untuk j kadar faedah sebanyak tiga kali j lukan kerajaan untuk membuat Hi neon 5 n e ra tmekonomi berkembang 4 peratus j menyokong aktiviti ekonomi. | pada tahun depan juga memper- j pinjaman. Kerajaan juga terus ko- j , ™ ^ Ppada suku kedua tahun ini. Daripada segi pelaburan, Lem- j kukuhkan dolar AS, menyebab- j mited untuk mengurangkan ke- unjuran pertuniou-

Bagaimanapun, ekonomi nega- j baga Pembangunan Pelaburan j kan ringgit terus jatuhke paras j dudukan defisit fiskal kepada 3 han ekonomi negarara ini melonjak semula pada suku j Malaysia (MIDA) meluluskan 3,784 j terendahnya sejak 1998. j peratus tahun depan. pada tahun depan

Bertta Harian

2 7 DEC 2016

Kecekapan domestik pelindung ekonomi

i ekonomi yang jitu bersandarkan : Penurunan harga minyak mem ben kemn kepada kebnnyaknn ekonomi dunia.: kepada asas yang kukuh. '

Namun pencapaian sebenar ; mata wang ini digunakan dengan ; pengeluar domestik. Selain i usaha meningkatkan dayai bergantung kepada pelbagai : meluas di dalam perdagartgan ; itu, dasar perlindungan bukan ; saing, bermula dari kerajaani faktor yang sebahagiannya di : antarabangsa dan di dalam pasa- i tarif juga sering digunakan, ; hinggalah kepada pengeluar.: luar kawalan. Yang pasti, apa j ran modal di seluruh dunia, Nilai i seperti melalui lesen, prosedur ■ Kerajaan perlu mewujudkan: yang telah berlaku menjadi ; dolar secara tradisi mempunyai j pentadbiran dan seumpamanya, ; persekitaran kondusif untuk; pengajaran yang berharga. ; hubungan negatif dengan harga Kedua-dua kaedah perlin- : persaingan si hat. Sega I a proses: Sesuatu perancangan yang baik ; minyak, iaitu apabila harga : dungan, tarif dan bukan tarif, ; yang terbabit hendaklah disemaki sudah pasti mengambil kira : minyak menaik, nilai dolar akan : adalah kurang efisien. la : dan direformasi jika perlu.i sepal a pengajaran yang ada. ; menurun dan sebaliknya. i sering disebut sebagai dasar Agen si yang terbabit jug a

Apakah antara pengajaran Satu pengajaran boleh diambil : kedua terbaik. Dasar terbaik ; perlu melalui proses reformasii berharga yang boleh dipelajari ; di sini adalah keterbukaan i adalah melalui peningkatan ! jika perlu untuk memastikan: berdasarkan apa yang berlaku : ekonomi mempunyai kesan sam- i kecekapan pen gel u a ran. ; undang-undang, peraturan: di sepanjang tabun ini? Satu ; pingan, yakni terdedah kepada i dan segala prosedur tidak: pengajaran terpenting yang boleh ; jangkitan masaiah ekonomi : Tingkat daya saing : menghalang persaingan yangi diambil berdasarkan perjalanan : yang berlaku di ekonomi lain. i Sudah pasti Malaysia perlu : sihat. Ini adalah inti pati kepada: ekonomi dunia satu atau dua Ini tidak pula bermakna i menyasarkan dasar perlindungan ; suatu asas ekonomi yang kukuh.: tahunlepas adalah ke saling : kita perlu meninggalkan : terbaik, yakni peningkatan Pengeluar mestilah berusaha; hubungan antara ekonomi dunia. i perdagangan antarabangsa : kecekapan. Dasar ini adalah | untuk meningkatkan daya saing

Kita dapat lihat bagaimana : dan herbalik kepada ekonomi i lebih mapan kerana ia mem- : dengan peningkatan kecekapan.: kelembapan harga komoditi, : tertutup atau sara diri. Manfaat i babitkan pembinaan kekuatan : Teknoiogi pengeluaran dan: terutama minyak mentah, : ekonomi terbukajauh lebih baik : dalaman. Dasar kedua terbaik j proses perlu ditingkatkan. Pela-j mempengaruhi sebilangan besar i daripada ekonomi sara diri, maka : hanya membabitkan kekuatan buran di dalam penyelidikan dan ; ekonomi dunia. Ini termasuk i ia bukan satu pilihan terbaik. : luaran yang tidak mainpu berta- ; pembangunan (R&D) serta modal; negara bukan pengeluar minyak. i Apa yang perlu kita usahakan i han untuk jangka masa lama. ; insan adalah amat penting.: Padahal, negara bukan pengeluar : adalah memaksimumkan Perlu diingat, liberalisasi Inilah elemen kepadai minyak atau negara pengguna ; manfaat liberalisasi ekonomi. : ekonomi adalah beriringan ; peningkatan kekuatan dalaman i minyak sepatutnya mendapat Perisliwa Britain keluar dari : dengan persaingan. Ekonomi ; yang perlu diraih oleli pengeluarj Faedah daripada penurunan i Kesatuan Eropah (EU) atau : terbuka memberi manfaat yang ! tempatan untuk bersaing dii harga minyak melalui penguran- : B rex it dan dasar perlindungan l maksimum kepada semua negara ; peringkat global. Dengan adanya; gan kos pengeluaran serta harga : yangdibawa oleh bakal , yangberdagangdisebabkan oleh I kekuatan dalaman dalam; penggunaan akhir yang murah. j Presiden AS, Donald Trump i berlakunya persaingan yang j kalangan pengeluar tempatan,

: membuktikan bahawa negara : sihat. Justeru, Malaysia perlu ! kesan kelembapan ekonomi: Kejatuhan harga minyak i majujuga menghadapi kesan : berusa ha meningkatkan daya ; dunia dapat diminimumkan.i Penurunan harga minyak mem- ; sampingan yang tidak baik ; saing untuk meraih manfaat Secara umumnya, kese-: beri kesan kepada kebanyakan | akibat liberalisasi ekonortu, : keterbukaan ekonomi. j luruhan masyarakat perlu! ekonomi dunia melalui dua Ini adalah suatu peringatan ; Pengajaran terbesar daripada ; menerapkan prinsip ini secara: saluran, iaitu aliran perdagangan : kepada ekonomi kecil seperti : situasi ekonomi semasa adalah : langsung atau tidak. 1st rumah: dan aliran modal dunia. Aliran : Malaysia, yakni kita perlu ; kepeduan untuk meningkatkan : sebagai pemhekal faktor: perdagangan dan aliran modal : perlindungan di dalam ; daya saing, di samping pertum- j pengeluaran, termasuk buruh: dunia pula terkesan di atas : keterbukaan. Ini adalah selari : buhan perdagangan antara- : dan modal, perlu memaksi-: kejatuhan harga minyak secara : dengan amalan perniagaan bangsa. Peningkatan daya saing : mumkan sumbangan mcrekai langsung melalui pengurangan : melalui pengambilan risiko ; mampu die apa i antara lain mela- : dengan peningkatan kecekapan: import olein negara pengeluar ; dengan perlindungan (hedge). ; luipeningkatanteknologician : faktoryangdisumbangkan.; minyak dan secara tidak Perlukah Malaysia menga- : produktiviti. Kecekapan semua Kesan akhirnya adalah: langsung melalui pengukuhan : malkan dasar perlindungan dan ; rantaian proses dari pengeluaran i peningkatan produktiviti. Secara

nilai dolar Amerika Syarikat (AS). : jika perlu dasar perlindungan : hinggalah barangan atau ; keseluruhannya, inilah perse-: Malah, pengukuhan dolar ; bagaimanakah yang patut : perkbidmatan sampai ke tangan ; diaan terpenting untuk Malaysiai AS memberi kesan iebih kuat , dilaksanakan? Tarif adalah : pengguna perlu ditingkatkan. i menghadapi sasaran negara ber-; terhadap aliran perdagangan | kaedab perlindungan yang sering i Semua pihak berkaitan perlu ; pendapatan tinggi dan seterusnya; dan aliran modal dunia kerana : diamalkan untuk mclindungi : memainkan peranan di dalam : menjadi sebuah negara maju.

Berftta Harhm

2 7 DEC 2016

CPOPC anjur misi menteri ke negara pengimportMalaysia dan Indonesia, anggo- yangdiadakanpada 22 Disember % ' * alam sek itar” kata kem enterian u n tu k m eneraju i kerjasam ata pengasas Majlis Negara-negara lalu di Jakarta, y-— itu m enerusi kenyataan di Kuala d a lam m em prom osi faedahPengeluarMinyakSawit(CPOPC), “Kedua-dua menteri bersetuju i/pf j j . ■ Lumpur. m inyak saw it kepada dun iabersetu ju u n tu k m en g ad ak an keutam aandiberikanbagim en- t\euud-uud menien d alam k alangan anggotanyaMisi Peringkat Menteri ke negara jemput negarapengeluarm inyak bersetuju keiltdmaan Teraju kerjasama dan majlis itu digunakan seba-pengim port m inyak sawit pada sawit yang lain seperti Colombia, d ib e rik a n baefl Selain itu, kedua-dua m enteri gai p latfo rm bersam a u n tuktahun depan. Brazil, Thailand dan Papua New . & juga bersetu ju u n tu k m enga- berkongsi pengalam an dalam

Kementerian Perusahaan Per- Guinea m em andangkanini akan menjempUt negara dakan forum sektor swasta dan pelaksanaan m andat biodiesel,ladangan dan Komoditi (KPPK) m em bantu m enangani halan- pengeluar minyak pekebun kecil bagi berbincang "Selain itu , m enteri telahm enyatakan, langkah itu adalah gan perdagangan antarabangsa ■*. VTnp jP jn " dan niencadangkan langkah ke m em inta Sekretariat CPOPC dihasil p e rb in can g an du a h ala yangsemakin oertam bahkeatas SdWIl ydllg ld!M arah m em perkukuhkan kerja- Jakarta supaya m engukuhkanan tara Menteri KPPK, Datuk Seri minyak sawit. sam a dalam industri, term asuk tenaga kerja agar majlis itu akanM ah Siew Keong d an M enteri ' “Ini term asuk pelabelan anti Kenyataan Kementerian pem bangunan pekebun kecil di lebih bersedia untuk aktiviti pro-Koordinator Hal Ehwal Ekono- minyak sawit atas alasan nutri- Perusahaan Perladangan kedua-dua negara. mosi berkaitan dengan sawit,”m i Indonesia, Darm in Nasution, si dan kebim bangan terhadap dan Komoditi CPOPC tu r u t d itu g ask an katanya. BERNAMA

Befits Harlan

2 7 DEC 2D 16

Sektor automotif kekal mencabar tahun 2017.£) K e i a t u h a n manamenjejaskanminatrakyat kerana pengeluar tidak lagi

\ u j a l u i l u l l membeii kenderaan baharu. mampu menanggung bebann i l n i r ip p -p -ij- K p r j Berdasarkan data semakan kosyangmeiambung, sekaligusi I M ai I II ‘ £>0 L UCM I semula jumiah jualan industri memindahkannya kepada pem-L/pc a n C \/a ri l / p f (TIV) bagi keseluruhan2016oleh beli.r \C a d l I D y a t l I \ dL MAA iaitu kepada 580,000 unit _ _ _ * Walau apa jua yang berlaku,

| . -jp daripada 650,000 unit, ia jauh U u U W j A pengeluar kenderaan akan ternsp e l l IU a l lebih rendah berbanding penca- U U U j U / i memperkenalkan model baharuK J paian 2015 iaitu 666,674 unit. atau yang dipertingkatkan untukK c f KJ CI a d It Untuk melepasi angka 700,000 UNIT menarik minat pembeli sepan-

unit pada 2017 seakan-akan misi ■ u . ^ jang20l7-sukar dan memerlukan satu kea- jumiahjualan Berdasarkan laporan MIDF

Oleh Mohd Zaky jaiban dalam sektor automotif industri (TIV) Research, pemulihan sederhanaZainuddin negara. tahun 2015 dijangka berlaku pada tahunzaky@bh.com.my Berdasarkan data MAA, 2017.------------------------- ;----------- setakat November 2016, sebanyak ____ ___ ;__________ Firma penyelidikan itu men-

Sektor automotif negara 515,293 unit TIV dlrekodkan, jangkakan TIV 2017 berjumlahdijangka terus berdepan yang mana ia 13.7 peratus lebih C Q f l A A A 589,033 unit, meningkat kira-kiratahun yang mencabar pada rendah berbanding tempoh D O U j U U U dua peratus daripada jangkaan

2017 berdasarkan perkembangan sama tahun 2015. 1 TIV 2016 MIDF Research iaituekonomi semasa, terutama keja- UNIT" 576,636 unit,tuhannilai ringgit yang memberi Tawar diskaun, rebat menarik _ Selain itu, kemajuan kecilkesan dari segi kos terhadap sya- Dengan sasaran akhir 580,000, jumiah jualan 2017 dalam sektor automotifrikat pengeluar kenderaan. ia dilihat realistik untuk dica- industri (TIV) kebanyakan didorong oleh pen-

Persatuan Automotif Malaysia pai memandangkan Disember tahun 2016 (uniuran) genalan model baharu kereta(MAA) juga sukar meramalkan adalah bulan ‘rahmat’ kepada ‘ nasional pada suku ketiga tahunsama ada jumiah jualan indus- pembeli memandangkan ba- 2016, selain model asing seper-tri (TIV) akan melepasi angka nyak pengeluar kenderaan ti, Toyota Vios, Hyundai IONIQ,700,000 unit tahun depan atau tidak kira tempatan atau asing Chevrolet Colorado dan lain-lain.sebaliknya. menawarkan diskaun serta rebat “Kebanyakan model sudah

Melihat kepada perkemba- menarik. dilancarkan oleh pemain utamangan industri sepanjang tahun Malah, mungkin pembeli juga tahun 2016, sementara Honda2016, ia agak sukar untuk melon- ‘mengejar’ masa untuk menda- City hanya akan digantikan padajak dengan pantas pada tahun patkan kenderaan baharu kerana 2018 atau 2019.depan, Jika ada pemulihan pun, bimbang berlakunya kenaikan “Tahun 2017, MIDF Rese-mimgkin pada tahap sederhana. harga tahun depan. arch menjangkakan Perodua

Sektor automotif melaiui fasa Berdasarkan situasi semasa akan memperkenalkan modelsederhana sepanjang tahun 2016 terutama penyusutan nilai ring- penggantian kepada Myvi, Mazdaekoran perkembangan ekonomi git, kenaikan harga kenderaan CX5 baharu, Kia Rio, Carnivalyangkurang menggalakkan yang mungkin tidak dapat dieiakkan dan Optima,” katanya.

12/27/2016 Untitled Document

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Mah: Malaysia needs to produce more downstreamrubber products

KLANG: The surge in rubber prices this year has given a positive impact on morethan 440,000 smallholders from the socio-economic aspect, Plantation Industriesand Commodities Minister Datuk Mah Siew Keong said.

He said the main factor that contributed to the increase in rubber prices wasshortage of rubber supply due to the prolonged rainy season in major rubberproducing countries, particularly Thailand and Malaysia.

“In addition, demand from China had risen as its rubber stock dropped to175,000 tonnes in early 2016, on Thursday.

Lee Swee Kiat Group has made the Malaysia Book of Records for the largestbedding manufacturer with an annual production of 4,008 tonnes of centrifugedlatex a year.

The increased demand for natural rubber from China was due to buoyant vehiclesales there.

“This situation will definitely help increase the income of rubber smallholdersdirectly,†Mah said. Hence, he said Malaysia needed to produce more downstreamrubber products in order to achieve sustainable rubber prices due fluctuatingnatural rubber prices.

In early 2016, the SMR 20 Free on Board (FOB) rubber price opened at RM4.81per kg (Jan 4, 2016) and fetched the lowest price of RM4.26 per kg on Feb 11,2016.

To the delight of smallholders, the price of SMR 20 FOB jumped to the highestlevel in three years to RM9.46 per kg on Dec 15, 2016.

“The price fluctuated (within a wide margin) from RM4.26 per kg (on Dec 15)and settled at RM8.60 per kg yesterday. So, this is the reason why we need toproduce more downstream rubber products in order to achieve sustainable rubberprices,†he said.

On the SMR 20 FOB rubber price projection for 2017, Mah said he could notanticipate the figure, but hoped it would not fall sharply to the RM4 per kg level,which was below the cost of production.

He said RM7 or RM8 per kg would be sustainable for rubber smallholders. Thevalue of rubber and rubber product exports is expected to increase two per centin 2016 from RM25.6 billion in 2015, while that of 2017 will be even higher, headded.

Mah said 1.07 million hectares of land in the country were under rubber cultivation,largely in Kelantan, Pahang and Kedah. –Bernama

By :

New Sabah Times

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KUALA LUMPUR: The year 2016 saw the commodity sector, except for crude palm oil and metals such

as tin and good, reel under the pressure of lower prices, sluggish demand, volatile global uncertainty and

weaknesses.

In the first half of 2016, crude palm oil (CPO), tin and gold prices recovered but rubber and that of crude

oil remained in the doldrums.

Nonetheless, various supply-demand drivers lifted selected commodity prices into the third quarter of this

year and this should lead to a price recovery in 2017.

During the year, like many other commodities in the world, palm oil was affected by the El Nino and La

Nina phenomenon, bearish demand routed by slower growth in global markets, geo-political issues and

currency fluctuation.

The El Nino phenomenon disrupted CPO supply by an average 12 per cent in Malaysia which saw

volatile prices as global demand outstripped supply.

CPO prices ranged between RM2,450 per tonne in the first half of 2016 and RM2,650 in the second half.

Details Published on Sunday, 25 December 2016 20:47

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During the year, the Roundtable on Sustainable Palm Oil (RSPO) came down hard on palm oil suppliers

by suspending or causing some suppliers to withdraw their products from their buyers' supply chains.

The knee-jerk reaction from a segment that attracts premium prices for RSPO products caused the

premium to rise by more than 100 per cent.

The ringgit's volatility also played a role in supporting palm oil prices besides the various supply-demand

factors.

Meanwhile, Malaysian palm oil is expected to see a 10 per cent contraction in production this year to

17.8 million tonnes as producers continue to struggle with lower output from the harsh El-Nino weather in

2015 across Southeast Asia.

Leading industry analyst and ISTA Mielke GmbH Executive Director Thomas Mielke said oil palm yield

were expected to recover in Malaysia next year, albeit, at a slow pace.

"The industry needs to wait until 2018 to see yield normalise after being badly impacted by the

prolonged drought caused by the El-Nino weather, he told Bernama.

Saying that palm oil prices were undervalued, Mielke had forecast a rally soon which will see the

commodity fetching between RM2,900 and RM3,000 per tonne.

Low palm oil stocks, export supplies and a slower-than-expected recovery in production saw CPO prices

touch a high of RM3,098 per tonne in 2016 against RM2,508 last year.

After seeing steady prices in 2016, another industry player said palm oil production was set to rebound

in 2017 which would then pressure prices downwards to around RM2,500 per tonne level.

At RM2,500 per tonne, the palm oil industry is set to maintain a good bottom line in spite of the limiting

factor in exports.

On the flipside, the expected higher production, post El-Nino, in the third quarter of 2017, will limit the

price recovery as output is expected to improve by 15 per cent in the second half of 2017.

As for the rubber industry, the commodity was also affected by low global commodity prices, surging

production and subdued demand in 2016 with tyre grade SMR 20 contracting 47 per cent from January

to November compared with 18.9 per cent in the same period of 2015.

Unfavourable external factors such as slow global economic growth, low crude oil prices, strong US

dollar and poor sentiment in futures trade had further pressured the physical market.

During the year, SMR 20 peaked at RM8.07 per kg on Nov 24 and dipped to a low of RM4.26 per kg on

Feb 11, prompting the government to implement the Rubber Production Incentive.

The incentive will be activated when the monthly average SMR 20 price is at the level of RM5.50 per kg

or the farm-gate price is at RM2.20 per kg or less

Against this backdrop, the Malaysian Rubber Board said the government decided to implement four

entry point projects (EPPs) under the National Key Economic Areas (NKEAs) in a move to stabilise NR

prices.

Other efforts included maintaining the production area of one million hectares, increasing the average

yield and approving RM10 million to increase latex production.

On the downstream sector, the Malaysian rubber industry recorded a marginal contraction of 2.2 per

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cent in exports to RM23.88 billion in the first three quarters of 2016.

Exports of other sectors like rubber products, other rubber and heveawood products recorded a growth of

1.3 per cent, 2.8 per cent and 0.7 per cent, respectively.

Demand for natural rubber was noted from developed nations and developing countries like China and

India.

As for demand for Malaysian rubber and rubber products in 2017, MRB said it was expected to increase

marginally with export earnings estimated to increase to RM33.5 billion from RM31 billion forecast for

2016.

Turning to the tin market, although cast by the same fate as other commodities in terms of prices, the

metal touched its highest price of US$22,000 per tonne in November and the lowest of US$13,250 in

June on the Kuala Lumpur Tin Market (KLTM).

Hence, traders also expect the metal to remain a stellar next year based on expectation of a rebound in

demand from European, Japanese, China and local interest.

As for gold, the glitter fizzled out with US dollar sky rocketing to greater heights while oil prices

plummeted to a record low, prompting the Organisation of Petroleum Exporting Countries to gets its

members and non-members to cut back on production to shore up prices.

It is no more a safe haven asset as the US Federal Reserve announced a 25 basis points increase in

interest rates which would further strengthen the US dollar.

Phillip Futures Sdn Bhd Dealer Chu Ching Yong said gold futures was traded at a high of RM180.40 per

gramme and a low of RM147.60 on Bursa Malaysia Derivatives.

"Higher interest rates usually dampen the price of precious metals," he said, adding that Bursa gold

futures may recover to reach a new high as the ringgit weakens further.

Meanwhile, Bank Negara Malaysia is expected to reduce interest rates in 2017 to stimulate the

economy.

"We would expect Bursa gold futures to trade within the range of RM160.00 per gramme and RM195.00

per gramme in the coming year," Chu added.

- Bernama

Page 1 of 1 © 2016 Factiva, Inc. All rights reserved.

Asian Rubber Futures End Lower in Light Trade

By Vibhuti Agarwal173 words26 December 201617:06Dow Jones Institutional NewsDJDNEnglishCopyright © 2016, Dow Jones & Company, Inc.Asian rubber futures ended mostly lower Monday, with losses recorded in Tokyo and Shanghai market prices.

Trading was thin after the Christmas holiday weekend, with many Asian-Pacific financial markets closed atthe start of the week.

Benchmark rubber for June delivery on the Tokyo Commodity Exchange ended down 10.7 yen at Y255.5($2.18) a kilogram.

The most-active rubber contract on the Shanghai futures exchange for May delivery fell 651 yuan to settle atCNY18,000($2,590) a metric ton.

The Singapore Exchange was closed Monday.

Asian Rubber FuturesDec. 26 Change from previous close

Tocom May RSS3 Y255.5/Kg Down Y10.7/KgShanghai May SCR5 CNY18,000/Ton Down CNY651/TonSicom Jan RSS3 CLOSED ---Sicom Jan TSR20 CLOSED ---USS Dec THB71.80-THB72.43/Kg THB73.87-THB74.79/KgWrite to Vibhuti Agarwal at vibhuti.agarwal@wsj.com

(END) Dow Jones Newswires

December 26, 2016 04:06 ET (09:06 GMT)

Document DJDN000020161226eccq0008d

Page 1 of 1 © 2016 Factiva, Inc. All rights reserved.

RUBBER-TOCOM tumbles to two-week low following Shanghai plunge

258 words26 December 201618:41Reuters NewsLBAEnglishCopyright 2016 Thomson Reuters. All Rights Reserved.TOKYO, Dec 26 (Reuters) - Benchmark Tokyo rubber futures tumbled more than four percent on Monday toa two-week low, as a plunge in Shanghai futures prompted a flurry of selling.

The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery <0#2JRU:> finished 10.7 yen,or 4.0 percent, lower at 255.5 yen ($2.18) per kg. It fell as low 252.5 yen during the session, its lowest sinceDec. 12.

Japanese markets were shut on Friday due to a national holiday.

"The selling pressure mounted after Shanghai's slide accelerated in early trade," said a Tokyo-based traderwho declined to be named.

The most-active rubber contract on the Shanghai futures exchange for May delivery tumbled 955 yuan tofinish at 17,660 yuan ($2,541.56) per tonne.

The TOCOM futures, which set the tone for tyre rubber prices in Southeast Asia, were also weighed down bya firmer yen.

The dollar dipped against the yen on Monday, edging down after U.S. Treasury yields dipped on mixedeconomic data. The greenback was at 117.03 yen in late Monday in Asia, with many key markets shut for theChristmas holidays.

A stronger yen makes yen-denominated assets less affordable when purchased in other currencies.

Singapore's SICOM exchange was closed on Monday for a holiday.

($1 = 6.9485 Chinese yuan renminbi)

($1 = 117.0000 yen) (Reporting by Yuka Obayashi; editing by David Clarke)

Released: 2016-12-26T11:41:41.000ZDocument LBA0000020161226eccq00g4l

Page 1 of 1 © 2016 Factiva, Inc. All rights reserved.

RUBBER-Tokyo futures hit 2-week low on tumbling Shanghai

314 words27 December 201608:51Reuters NewsLBAEnglishCopyright 2016 Thomson Reuters. All Rights Reserved.TOKYO, Dec 27 (Reuters) - Benchmark TOCOM rubber futures extended losses into a third straight sessionon Tuesday, falling to a 2-week low, as an overnight tumble in Shanghai futures prompted selling.

FUNDAMENTALS

* The Tokyo Commodity Exchange rubber contract for June delivery <0#2JRU:> was down 3.4 yen, or 1.3percent, at 252.1 yen ($2.15) per kg as of 0042 GMT, after touching a low of 250.6 yen, the lowest since Dec.12. It lost 4 percent the previous day.

* The most-active rubber contract on the Shanghai futures exchange for May delivery fell 595 yuan to 17,405yuan ($2,505) per tonne in an overnight trade.

* Japan's core consumer prices marked the ninth straight month of annual declines in November, datashowed on Tuesday, suggesting that the economy still lacks enough momentum to jump-start inflation towardthe central bank's ambitious 2 percent target.

* For the top stories in the rubber market and other news, click or

MARKET NEWS

* The U.S. dollar was up 0.1 percent at 117.230 yen on Tuesday, after spending the previous day stuck in anarrow 117.005-117.390 range as many major financial markets were closed for the Christmas holidays.

* U.S. oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC membersare set to start curbing output in less than a week to support oil prices.

* Japan's benchmark Nikkei stock average was steady on Tuesday.

DATA/EVENTS (GMT)

* The following data is expected on Tuesday: (Time in GMT)

1400 US Case-Shiller home prices Oct

1500 US Conference Board consumers confidence index Dec ($1 = 117.2500 yen) ($1 = 6.9480 Chineseyuan renminbi) (Reporting by Yuka Obayashi; Editing by Michael Perry)

Released: 2016-12-27T01:51:42.000ZDocument LBA0000020161227eccr0015q