perutusan yb. menteri weekly bulletin/miti_weekly... · sifat taat kepada allah s.w.t telah...
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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
1438H
Perutusan YB. Menteri
Tema hari kemerdekaan yang ke-60 membawa mesej yang jelas tentang kesepakatan, kecintaan dan kesetiaan kita kepada negara. Pengorbanan pemimpin terdahulu untuk membebaskan Malaysia daripada penjajahan British tidak harus dilupakan. Hari ini negara kita telah bebas dan merdeka. Kemerdekaan dan pembangunan yang kita kecapi harus ditatang dengan penuh rasa kesyukuran dan kita sewajarnya bersatu dalam mempertahankan nikmat kemerdekaan ini buat generasi yang akan datang. Hari Raya Haji atau Aidil Adha merupakan sambutan yang amat bermakna bagi umat Islam. Peristiwa bersejarah ini bermula apabila Nabi Ibrahim (A.S) telah diwahyukan supaya melakukan penyembelihan terhadap anaknya yang tersayang, Nabi Ismail (A.S). Sebagai seorang Nabi, pesuruh dan pembawa agama Allah S.W.T, Nabi Ibrahim (A.S) telah menjalankan perintah Allah S.W.T dengan penuh ketaatan. Sifat taat kepada Allah S.W.T telah melebihi segala-galanya. Nilai murni dari peristiwa Nabi Ibrahim (A.S) dan Nabi Ismail (A.S) yang harus kita contohi dalam konteks kemerdekaan Malaysia adalah sejauh mana kita menyayangi dan sanggup melakukan pengorbanan, ketaatan untuk mempertahankan kedaulatan bumi Malaysia. Pengorbanan ini sewajarnya menjadi teladan untuk kita bersama khususnya dalam mempertahankan nikmat kemerdekaan yang dikecapi bumi bertuah ini. Kitalah yang bertuah untuk mewarisi dan menjadi penyambung kelangsungan negara yang merdeka ini. Akhir kata, saya mengambil kesempatan ini untuk mengucapkan selamat menyambut hari kemerdekaan yang ke-60. Saya dan keluarga serta warga Kementerian ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidiladha, Maaf Zahir dan Batin.
Dato’ Sri Mustapa MohamedMenteri Perdagangan Antarabangsa dan Industri
Assalamualaikum Warahmatullahi Wabarakatuh dan Salam Sejahtera.
Pada akhir bulan Ogos 2017 ini, sebagaimana biasa rakyat Malaysia akan menyambut hari kemerdekaan ke-60 yang bertemakan “NegaraKu Sehati Sejiwa” dan disusuli pula dengan Hari Raya Korban yang akan disambut pada 1 September 2017, bersamaan 10 Zulhijjah 1438H. Sambutan Hari Kemerdekaan dan Hari Raya Korban membawa falsafah dan pengertian yang amat besar kepada kita semua rakyat 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
MALAYSIA
Balance of Payments (BOP)
Current Account BalanceRM9.6 bil
RM27.0 billion
Goods Income
Financial AccountRM7.3 bil (net inflow)
Direct Investment RM7.1b (Net Outflow)
Portfolio Investment RM16.0b (Net Inflow)
Financial Derivatives RM0.3b (Net Outflow)
Other Investment RM1.3b (Net Outflow)
Q2 2017
Reserve AssetsRM424.8bil
10.9
8.2
5.2
10.8
6.2
3.1
7.3
12.5
5.3
9.6
0
5
10
15
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2015 2016 2017
RM billion Current Account
-29.2
0.4
-33.2
6.6 7.811.1
-5.8
-14.2-8.8
7.3
-40
-20
0
20
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
RM billion Financial Account
389.65398.10
415.10409.10
381.53390.30
404.92
423.87 422.10428.80
340
360
380
400
420
440
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
RM billion Reserve Assets
BOP Performance, Q1 2015-Q2 2017
FDI & DIA Performance
RM8.3 bilForeign Direct Investment
(FDI) in Malaysia
RM15.4 bilDirect Investment
Abroad(DIA)
2015 2016 2017
2015 2016 2017
Source : Department of Statistics, Malaysia
-RM5.0billion
Services
-RM12.4 billion
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
Trade in Services, Q2 2017
Exports Services, Q2 2017
Imports Services, Q2 2017
ExportsRM39.5 bil.
Note: * include Construction, Maintenance and repair services, Insurance and pension services, Financial services, Charges for the use of intellectual property, Personal, cultural and recreational services and Government goods and services% -Year on Year Growth
Telecommunications, computer and information services
Note: * include Maintenance and repair services, Insurance and pension services, Financial services, Manufacturing services on physical inputs owned by others Charges for the use of intellectual property, Personal, cultural and recreational services and Government goods and services% -Year on Year Growth
0
10
20
30
40
50
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
33
.3
32
.5
34
.5
35
.8
36
.1
36
.5
36
.2
37
.5
36
.4 39
.5
36
.7
37
.4 40
.3
42
.3
41
.7
40
.3
40
.5 42
.9
42
.6
44
.5
RM Billion
Exports Imports
Exports and Import of Services, Q1 2015-Q2 2017
2015 2016 2017
Travel RM19.5 b, 7.8%
Other business services RM6.6 b, 9.5%
RM4.7 b, 6.6%Transport
RM3.6 b, 25.8%Others*
Telecommunications, computer and information services
RM2.6 b, 1.2%
Manufacturing services on physical inputs owned by others
RM2.6 b, 3.3%
ImportsRM44.6 bil.Travel
RM12.2 b, 4.0%
Other business services RM7.4 b, 0.1%
RM11.2, 7.2%
Transport
RM6.6 b, 2.8%Others*
Telecommunications, computer and information services
RM3.1 b, 9.1%
ConstructionRM3.9 b, 6.4%
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
Trade in Services, 2016
Source : Department of Statistics, Malaysia
RM165.4 b
5.5%
RM146.3 b7.5%
Total Trade RM311.7 b
6.5%
Note: %:Y-o-Y Growth
Trade In Services By Component, 2016
6.5
9.9
10.5
18.3
46.7
0 20 40 60
UK
PRC
Indonesia
USA
Singapore
RM Billion
8.7
11.9
15.9
19.5
31.9
0 10 20 30 40
Thailand
Japan
USA
PRC
Singapore
RM Billion
Top Five Exports and Imports by Country, 2016 Exports Imports
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
International Report
Top Five Trading Partners (Trade in Goods), June 2017billion (Rank: 25)
105.2 110.194.5
82.7
60.8 61.0 57.7 60.8 58.1 64.473.7 80.2
43.355.9 60.1 54.2 56.1 48.8
56.3 55.4 49.1 50.7 52.4 55.3 55.737.9
161.1
135.9
0
40
80
120
160
200
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 (Jan-June)
RM billion
Exports Imports Total Trade
Malaysia’s Trade with USA, 2005 - 2017 (Jan-June)
Total Trade:US$52.0 bil.15.7%*
PRC
1 2 3 4 5Canada Japan GermanyMexico
Source: U.S. Bureau of Economic Note: %* : Percent of U.S. total trade
Major Exports , 2015/2016HS
CodeProduct
2015RM bil
2016RM bil
Change%
85 Electrical machinery and equipment 35.32 38.47 8.984 Machinery appliances 10.5 12.46 18.7
90Optical, photographic, precision, medical apparatus 4.98 5.77 15.8
40 Rubber and articles thereof 5.34 5.24 -1.9
94Furniture and bedding; illuminated signs; prefabricated builings 2.96 3.21 8.5
Major Imports , 2015/2016HS
CodeProduct
2015RM bil
2016RM bil
Change%
85 Electrical machinery and equipment
24.28 24.52 1.0
84 Machinery appliances 6.83 6.66 -2.5
90 Optical, photographic, precision, medical apparatus
4.33 4.59 6.1
88 Aircraft and spacecraft 3.72 4.18 12.439 Plastics and articles thereof 1.75 1.85 5.8
Source : Department of Statistics, Malaysia
https://www.pemandu.gov.
my/...reports
Exports US$194.4 billion
Imports US$238.0 billion
USA GOODS AND SERVICES TRADE: JUNE 2017Total Trade
US$432.4 billion
Total Trade:US$51.1 bil.15.4%*
Total Trade:US$48.7 bil.14.7%*
Total Trade:US$16.8 bil.5.1%*
Total Trade:US$14.5 bil.4.4%*
Total Trade US$323.3 billion
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: *Provicional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
160
180
0
5
10
15
20
25
30
35
40
45
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
200
400
600
800
1,000
1,200
1,4004
Jun
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
200
400
600
800
1,000
1,200
1,400
1,600
1,800
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
200
400
600
800
1,000
1,200
1,400
0
500
1,000
1,500
2,000
2,500
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
0
50
100
150
200
250
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
900
0
50
100
150
200
250
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
100
200
300
400
500
600
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
3504
Jun
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
300
350
0
20
40
60
80
100
120
140
160
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
0.0
0.1
0.1
0.2
0.2
0.3
0.3
0.4
0.4
0.5
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
20
40
60
80
100
120
140
160
180
200
0
10
20
30
40
50
60
70
80
90
100
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
500
0
10
20
30
40
50
60
70
80
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
50
100
150
200
250
300
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
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
350
400
450
0
50
100
150
200
250
300
350
400
450
500
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
20 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provicional Data Source: Ministry of International Trade and Industry, 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 : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - July 2017
US Dollar
Canadian Dollar
New Zealand Dollar
Swiss Franc
Saudi Riyal
Myanmar Kyat
4.34814.2903
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2016 2017
RM
USD 1 = RM
3.0559
3.3725
2.80
2.90
3.00
3.10
3.20
3.30
3.40
3.50
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2016 2017
RM
CAD 1 = RM
2.8405
3.1544
2.40
2.50
2.60
2.70
2.80
2.90
3.00
3.10
3.20
3.30
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2016 2017
RM
NZD 1 = RM
4.3241
4.4697
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2016 2017
RM
CHF 1 = RM
115.89114.40
95.00
100.00
105.00
110.00
115.00
120.00
125.00
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2016 2017
RM
SAR 100 = RM
0.3367
0.3156
0.295
0.300
0.305
0.310
0.315
0.320
0.325
0.330
0.335
0.340
0.345
0.350
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2016 2017
RM
MMK 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
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.
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
CRUDE PETROLEUM (BRENT)-per bbl-
25 Aug 2017 : US$52.4, 0.6%*
Average Pricei : 2016: US$45.3 2015: US$53.6
CRUDE PALM OIL-per MT-
25 Aug 2017 : US$686.0, 2.6%*Average Pricei : 2016: US$702.2 2015: US$616.9
RUBBER SMR 20-per MT-
25 Aug 2017 : US$1,554.0, 1.0%*
Average Pricei : 2016: US$1.394.5 2015: US$1.364.3
COAL -per MT-25 Aug 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9
COCOA SMC 2-per MT-
25 Aug 2017 : US$1,379.6, 2.2%*
Average Pricei : 2016: US$1,609.8 2015: US$2,077.0
SCRAP IRON HMS-per MT-
25 Aug 2017 : US$390.0 (high), 11.4%* US$370.0 (low), 8.8%*Average 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
23 June 2017 : US$45.5
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 30 June 2017 : US$650.0
Crude Palm Oil -per MT-
Domestic Prices25 Aug 2017
Steel Bars(per MT)
RM2,500 – RM2,650
Billets(per MT)
RM2,250 – RM2,300
SUGAR -per lbs-25 Aug 2017 : US¢ 14.0, 4.6%*
Average Pricei : 2016: US¢18.2 2015: US¢13.2
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Data for April not available Ministers attending the recent APEC MRT 2017
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
720.0
707.0
688.5
650.0 650.0
666.0670.5 669.5
665.0
656.5
668.5
686.0
600
620
640
660
680
700
720
740
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/mt
Crude Palm Oil
1,417.9
1,501.7
1,270.7
1,385.7
1,419.1
1,373.5
1,421.7
1,448.6
1,543.1
1,420.1
1,350.1
1,379.6
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/mt
Cocoa
14.5
13.6
13.2
13.8
14.2
14.314.4 14.4
14.1
13.2
13.4
14.0
12.0
12.5
13.0
13.5
14.0
14.5
15.0
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US¢
/lbs
Sugar
1,393.5
1,469.0
1,381.0
1,540.0
1,469.0
1,510.0
1,568.5
1,433.5
1,477.5
1,520.51,539.0
1,554.0
1,300
1,350
1,400
1,450
1,500
1,550
1,600
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/mt
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
4,605
4,188
4,571
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2016 2017
USD
/ to
nne
Black Pepper
* until 31 May 2017** data for April & June 2017 are not available
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.
1,481
1,531
1,531
1,571 1,551
1,594
1,629
1,639
1,592
1,666
1,737
1,728
1,791
1,861
1,901
1,921
1,913 1,885
1,903
1,400
1,500
1,600
1,700
1,800
1,900
2,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017U
S$/
tonn
e
Aluminium
4,472 4,599
4,954 4,873
4,695 4,642
4,865 4,752
4,722
4,731
5,451
5,660 5,755
5,941 5,825
5,684 5,600
5,720
5,985
4,000
4,500
5,000
5,500
6,000
6,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017
US$
/ to
nne
Copper
8,507 8,299
8,717 8,879
8,660
8,928
10,263
10,336
10,192
10,260
11,129 10,972
9,971
10,643
10,205
9,609
9,155 8,932
9,491
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 Feb Mar Apr May Jun Jul
2016 2017
US$
/ to
nne
Nickel
45.8
44.7
43.0
46.3
44.2
46.6
45.8
49.7 49.6
48.848.5
47.9
48.2
47.4
45.5
47.9
46.7
49.0
48.1
52.5 52.452.1
52.752.4
40
42
44
46
48
50
52
54
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
Commodity Price Trends
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.
942.0
926.0930.0
914.0 914.0
921.0
940.0
930.0
969.0
987.0 988.0
978.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/oz
Platinum
270.0 270.0 270.0 270.0
300.0
315.0 315.0320.0
330.0
350.0 350.0
390.0
240.0 240.0 240.0 240.0
280.0
300.0 300.0
310.0
320.0
340.0 340.0
370.0
200
220
240
260
280
300
320
340
360
380
400
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
41.88
46.83
56.20
60.92
55.1351.98
57.26
60.8957.79
59.09
73.10
80.02
80.41
89.4487.65
70.22
62.43
57.48
67.74
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017
US$
/dm
tu
Iron Ore
17.2
16.8 16.816.7
15.9
16.1
16.5
16.7
16.5
17.1
17.2
17.1
15.0
15.5
16.0
16.5
17.0
17.5
9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug
US$
/oz
Silver
40.7
40.4 40.4
39.9
39.1
39.6
40.1
40.7
40.4
41.4
41.7
41.3
37.5
38.0
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
8 Jun 15 Jun 22 Jun 29 Jun 6 Jul 13 Jul 20 Jul 27 Jul 3 Aug 10 Aug 17 Aug 24 Aug
US$
/oz
Gold
Commodity Price Trends
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
MITI Programme
Minister’s Visit to Top Glove R&D Centre, 29 August 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
MITI Programme
GRP Day, 29 August 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
MITI TN50 Dialogue on Trade and Industry Development 24 August 2017
MITI Programme
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
18 May 2017,
Halal Fiesta (HALFEST) ASEAN 2017
23-27 August 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
Asia Business First Forum, 22 August 2017MITI Programme
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
Announcement
Kindly click http://www3.weforum.org/docs/Beyond_Fintech_-_A_Pragmatic_Assessment_of_Disruptive_Potential_in_Financial_Services.pdf to download this publication.
s
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
Of Technical Terms
IoTInternet of Things - System of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
IPIIndustrial Production Index - The industrial production index measures the change in output in Malaysian manufacturing, mining, construction, and electricity, gas and water. Output refers to the physical quantity of goods produced, unlike sales value, which combines quantity and price. The index covers the production of goods and power for domestic sales in Malaysia and for export. It excludes production in the agriculture, transportation, communications, trade, finance, and service industries, government, and imports.
J-curveThe shape of the trend of a country’s trade balance following a devaluation. A lower exchange rate initially means cheaper exports and more expensive imports, making the current account worse (a bigger deficit or smaller surplus). After a while, though, the volume of exports will start to rise because of their lower price to foreign buyers, and domestic consumers will buy fewer of the costlier imports. Eventually, the trade balance will improve on what it was before the devaluation. If there is a currency appreciation there may be an inverted J-curve.
JPC 3Jawatankuasa Pengecualian Cukai Besi Keluli - A committee chaired by MITI and representatives from MOF, MIDA and Customs that evaluates and determines import duty exemption applications for raw materials of iron and steel products.
KeynesianA branch of economics, based, often loosely, on the ideas of Keynes, characterised by a belief in active government and suspicion of market outcomes. It was dominant in the 30 years following the Second World War, and especially during the 1960s, when fiscal policy became bigger-spending and looser in most developed countries as policymakers tried to kill off the business cycle. During the 1970s, widely blamed for the rise in inflation, Keynesian policies gradually gave way to monetarism and microeconomic policies that owed much to the neo-classical economics that Keynes had at times opposed. Even so, the idea that public spending and taxation have a crucial role to play in managing demand, in order to move towards full employment, remained at the heart of macroeconomic policy in most countries, even after the monetarist and supply-side revolution of the 1980s and 1990s. Recently, a school of new, more pro-market Keynesian economists has emerged, believing that most markets work, but sometimes only slowly.
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