ucapan salam aidilfitri oleh yb dato' sri mustapa

Ministry of International Trade and Industry

UCAPAN SALAM AIDILFITRI OLEH YB DATO’ SRI MUSTAPA MOHAMED Assalamualaikum w.b.t

Allahu Akbar, Allahu Akbar, Allahu Akbar, Walillah hil Hamd.

Alhamdulillah segala pujian dirafakkan ke hadrat Allah SWT, kerana tidak lama lagi umat Islam di Malaysia dan serata dunia bakal menyambut 1 Syawal 1437H. Ini merupakan hari kemenangan yang ditunggu-tunggu, apatah lagi setelah sebulan kita berpuasa, berjihad melawan hawa nafsu serta menahan lapar dahaga.

Kemeriahan Aidilfitri 1437H akan lebih bermakna apabila kita dapat berkumpul dan meraikannya bersama keluarga yang dikasihi. Kepada warga MITI, marilah kita saling bermaaf-maafan serta memperkasa semangat muhibbah dan kerjasama antara kita yang telah terjalin selama ini.

Dalam kegembiraan meraikan Syawal kali ini, janganlah sesekali kita lupakan nasib saudara seagama kita baik dalam negara, mahupun di luar negara, termasuklah di negara-negara yang bergolak di Timur Tengah. Fenomena Arab Spring yang melanda beberapa negara pada tahun 2010 bukan sekadar gagal menjadi titik permulaan kepada sebuah kehidupan yang lebih baik, malah mengeruhkan lagi keharmonian sesama masyarakat. Kebanyakan negara yang terlibat masih dalam keadaan bergolak. Umpamanya pada hari ini kita menyaksikan peningkatan jumlah pelarian dari Syria saban hari, di mana angka terkini dilaporkan hampir mencecah 5 juta orang.

Ini merupakan satu fenomena yang cukup menyayat hati dan membimbangkan. Berat mata memandang. berat lagi bahu yang memikul. Justeru, kita sewajarnya menginsafi nikmat yang ada dan sentiasa menghulurkan bantuan terdaya bagi membantu meringkan beban mereka.

Akhir kata, saya mendoakan agar saudara-saudari sekalian selamat sampai ke destinasi yang ditujui masing-masing sewaktu sambutan Aidilfitri tahun ini. Saya juga berharap agar kita akan kembali bertugas dengan lebih bertenaga, ceria dan bersemangat berbekalkan fadilat serta rahmat sepanjang bulan Ramadan yang lalu. Sekali lagi saya dan keluarga serta warga Kementerian ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin.

Allahu Akbar, Allahu Akbar, Allahu Akbar, Walillah hil HamdWabillahi Taufik Walhidayah. Wassalamualaikum w.b.t

Dato’ Sri Mustapa MohamedMenteri Perdagangan Antarabangsa dan Industri


Happy Retirement!!! Tan Sri Dr. Rebecca Fatima Sta. Maria

Former Secretary GeneralMinistry of International Trade and Industry

May you be blessed with many more fulfilling

journeys ahead!


Malaysia63

.6

53.2 66

.5

60.4

60.5

64.3

63.2

66.5

70.2 75

.8

67.6

68.3

61.9

56.7 66

.6

61.3

59

.9

54.6

48.6 58

.6

53.5

54.9

56.3 60

.9

56.3

60.5

63.6

57.4

60.1

56.5

49.4 55

.4

52.3 56

.7

118.3

101.8

125.1

113.9

115.4

120.5

124.1

122.8

130.6 139.5125.0

128.3118.3

106.1

122.0

113.6

116.6

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

RM billion

Exports Imports Total Trade

Monthly Trade, Jan 2015 - May 2016

2015 2016

Trade Performance, Jan - May 2016

Note:% refer to y-o-y growth

Total Trade RM576.6bil., 0.4%

RM270.2 bil.0.1%

ImportsExportsRM306.4bil.

0.8%

Source : Department of Statistics, Malaysia


Major Exports Destina-tions, Jan - Apr 2016

Major Exports Destina-tions, Jan - Apr 2016

Country Jan - May 2016 Share %

Singapore 43,890.3 mil 14.3

PRC 34,640.1 mil 11.3

USA 32,082.5 mil 10.5

Japan 25,954.8 mil 8.5

Thailand 17,613.5 mil 5.7

Major Export Destinations, Jan - May 2016

Note : * Share to total exports

Total Exports

RM306.4bil

Country Jan - May 2016 Share %

PRC 53,289.4 mil 19.7

Singapore 28,472.2 mil 10.5

USA 23,236.5 mil 8.6

Japan 22,452.5 mil 8.3

Thailand 17,286.8 mil 6.4

Major Import Sources, Jan - May 2016 Total

ImportsRM270.2bil

Note : * Share to total imports

Top Five Export Products, Jan - May 2016

Note : * Share to total exports

E & E Products

RM109.8bil35.8%*

Petroleum Products

RM20.5bil6.7%*

Chemicals & Chemicals Products

RM23.1bil7.5%*

RM17.2bil5.6%*

Palm Oil & Palm-Based Agriculture

products

Machinery, equipment & parts

RM16.6bil5.4%*




Labour Force Market , April 2016

Note : * Age between 15 to 64 years **All persons not classified as employed or unemployed such as housewives, students (including those going for further studies), retired, disabled persons and those not interested in looking for a job. % : Year-on-Year Growth

Working Age Population*

Outside Labour force**7.0 million

1.8%• Employed 14.2 mil, 0.2% • Unemployed 0.5 mil, 18.0%

Labour Force 14.7 million, 0.7%

Labour Force Participation Rate**

April 2015 April 201667.9% 67.7%

% change 0.2%

Unemployment Rate**

April 2015 April 20163.0% 3.5%

% change 0.5%



Highlights 0f Distributive Trade SectorApril 2016


and You’‘

Exports Imports Total TradeASEAN 1,185,235.30 1,091,204.70 2,276,440.00

Singapore 366,344.33 296,764.92 663,109.25

Thailand 214,396.23 202,751.16 417,147.40

Malaysia 199,869.23 175,961.05 375,830.27

Viet Nam 162,013.85 165,729.90 327,743.75

Indonesia 150,282.26 142,694.80 292,977.06

Philippines 58,648.44 70,295.32 128,943.75

Myanmar 11,431.79 16,843.60 28,275.39

Cambodia 9,825.45 12,933.89 22,759.35

Brunei 8,709.42 4,180.86 12,890.28

Lao PDR 3,714.27 3,049.20 6,763.48

Global Trade of ASEAN Countries, 2015p

Note:p- preliminary data

Source: ASEAN Merchandise Trade Statistics Database (compiled/computed from data submission, publications and/or websites of ASEAN Member States' national

USD million


Buku kecil TPPA di dalam versi PDF boleh di muat turun melalui pautanhttp://fta.miti.gov.my/miti-fta/resources/MITI_TPPA.pdf


Malaysia’s Trade with USA , 2005-2015


International Report

Source: http://www.bea.gov/index.htm

161.1

129.0

0

50

100

150

200

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

RM billion

Exports Imports Total Trade

Malaysia Global Trade, 2015Total Trade: RM1,465.34 bil.Exports : RM779.95 bil.Imports : RM685.39 bil

U.S. Economic Indicators January - May 2016

Economic Indicators2016

May Apr Mar Feb Jan

Inflation Rate (%) 1.0 1.1 0.9 1.0 1.4

Unemployment Rate (%) 4.7 5.0 5.0 4.9 4.9

Consumer Price Index 240.2 239.3 238.1 237.1 236.9

Gross Domestic Product (GDP) - quarterly basis (%)

1.1 Q1 2016,

Third Estimate

0.8 Q1 2016, Second

Estimate

0.5 Q1 2016, Advance Estimate

1.4 Q4 2015,

Third Estimate

1.0 Q1 2016, Second

Estimate



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)

8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 JunAANZFTA 64 77 84 99 77 81 84 81AIFTA 157 122 142 141 104 141 120 121AJCEP 62 66 128 58 56 64 56 74

0

20

40

60

80

100

120

140

160

180

RM

mill

ion

8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 JunATIGA 937 781 1,374 918 1,187 968 1,280 751ACFTA 628 401 364 474 494 861 576 499AKFTA 163 1,266 611 303 311 138 287 240

0

200

400

600

800

1,000

1,200

1,400

1,600

RM

mill

ion

8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 JunMICECA 34.05 28.81 53.12 32.12 41.79 36.00 41.06 39.03MNZFTA 0.11 0.03 0.21 0.37 0.24 0.24 0.02 0.14MCFTA 16.67 7.52 8.42 48.19 9.77 8.20 10.44 6.89MAFTA 35.68 40.92 39.74 37.05 101.83 33.66 38.50 36.15

0

20

40

60

80

100

120

RM m

illio

n8 May 2016 15 May 2016 22 May 2016 29 May 2016 5 Jun 2016 12 Jun 2016 19 Jun 2016 26 Jun 2016

AANZFTA 609 763 758 874 684 848 807 722

AIFTA 605 619 709 597 636 795 625 542

AJCEP 189 144 261 216 196 197 207 151

ATIGA 3,876 4,275 4,495 4,489 4,932 4,438 4,585 3,981

ACFTA 1,416 1,379 1,478 1,514 1,525 1,491 1,584 1,327

AKFTA 722 1,130 1,284 911 868 945 909 911

MICECA 288 264 384 315 339 300 329 296

MNZFTA 6 7 1 9 9 8 3 8

MCFTA 70 44 58 45 61 56 65 51

MAFTA 325 421 449 423 397 332 394 440

MJEPA 798 708 886 774 876 709 777 834

MPCEPA 146 168 234 137 181 137 185 130

GSP 115 155 142 106 120 116 134 103

MTFTA 167 139 230 198 235 187 247 172

8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 JunMJEPA 129 110 146 115 145 97 137 188MPCEPA 19 45 109 23 83 40 121 41GSP 17 27 23 20 21 18 19 25MTFTA 40 38 105 88 95 167 211 75

0

50

100

150

200

250

RM m

illio

n

Value of Preferential Certificates of Origin

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

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

Source: Ministry of International Trade and Industry, Malaysia


Source : Bank Negara, Malaysia

15.1

18.5

12.0

13.0

14.0

15.0

16.0

17.0

18.0

19.0

26 F

eb4

Mac

11 M

ac18

Mac

24 M

ac1

Apr

8 Ap

r15

Apr

22 A

pr29

Apr

6 M

ay13

May

20 M

ay27

May

3 Ju

n10

Jun

17 Ju

n24

Jun

30 Ju

n

US$/Oz Silver

931.0

1001.0

800.0

850.0

900.0

950.0

1000.0

1050.0

1100.0

26 F

eb4

Mac

11 M

ac18

Mac

24 M

ac1

Apr

8 Ap

r15

Apr

22 A

pr29

Apr

6 M

ay13

May

20 M

ay27

May

3 Ju

n10

Jun

17 Ju

n24

Jun

30 Ju

n

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, 26 February - 30 June 2016

Silver and Platinum Prices, 26 February - 30 June 2016

39.4

42.5

32.0

34.0

36.0

38.0

40.0

42.0

44.0

26 F

eb

4 M

ac

11 M

ac

18 M

ac

24 M

ac

1 Ap

r

8 Ap

r

15 A

pr

22 A

pr

29 A

pr

6 M

ay

12 M

ay

19 M

ay

26 M

ay

2 Ju

n

9 Ju

n

16 Ju

n

23 Ju

n

30 Ju

n

US$/Gram Gold

Malaysian Ringgit Exchange Rate withPound Sterling and US Dollar

3.503.603.703.803.904.004.104.204.304.40

5.005.205.405.605.806.006.206.406.606.80

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

2015 2016

GBP = RM USD = RM

1 USD = RM 4.09

1 GBP = RM 5.79


Commodity

Crude Petroleum

(Brent) (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)

30 June 2016 (US$) 49.7 700.0 20.3 1,314.0 2,075.8 43.5 230 (high)

220 (low)

% change* 2.6 0.6 6.1 2.8 0.7 unchanged unchangedunchanged

2015i 36.9 - 66.8 616.9 13.2 1,364.3 2,077.0 49.9 239.6

2014i 59.5 - 114.8 823.3 16.6 1,718.3 2,615.8 59.8 370.0

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, 2015/2016

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum(Brent)

(30 June 2016)US$49.7 per bbl

201515 May 2015: 66.8

201518 Dec 2015: 36.9

201610 June 2016: 50.5

201615 Jan 2016: 28.9

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (30 June 2016)

US$700.0 per MT

201516 Jan 2015: 701.0

20154 Sep 2015: 500.5

20168 Apr 2016: 725.5

201615 Jan 2016: 545.5

Steel Bars(per MT)

RM1,750 – RM1,950

Average Domestic Prices, 24 June 2016

Billets(per MT)

RM1,400 – RM1,450


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

699.5

707.5

718.5

712.5

707.0

713.0

693.0

701.5

708.5710.5

704.5

700.0

680

685

690

695

700

705

710

715

720

725

15 Apr 22 Apr 29 Apr 6 May 13 May 20 May 27 May 3 Jun 10 Jun 17 Jun 24 Jun 30 Jun

US$

/mt

Crude Palm Oil

2,022.8

2,126.3

2,202.6

2,120.0

2,098.1

1,961.0

2,049.92,060.2

2,125.0 2,122.7

2,089.92,075.8

1,800

1,850

1,900

1,950

2,000

2,050

2,100

2,150

2,200

2,250


US$

/mt

Cocoa

15.215.5

16.3

15.7

16.717.1

17.5

18.8

19.7 19.9

19.2

20.3

12.0

13.0

14.0

15.0

16.0

17.0

18.0

19.0

20.0

21.0


US$

/lbs

Sugar

1,528.0

1,593.0

1,504.5

1,451.01,412.5

1,287.51,263.0

1,281.5

1,226.01,242.0

1,278.01,314.0

900

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700


US$

/mt

Rubber SMR 20

7,591

7,286 7,267

7,853

7,148 7,063

7,296

6,742

6,940

7,029

6,963

7,008

6,900

7,088

7,113

7,281

6,917 6,851

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

2015 2016

USD

/ to

nne

Black Pepper

* until 30 June 2016

39.740.4

43.7

45.9

44.7

46.2

47.8

49.348.6 49.1

48.0 47.648.4

41.9

43.1

45.1

48.1

45.4

47.848.7

49.3 49.650.5

49.248.4

49.7

28

32

36

40

44

48

52

8 Apr 15 Apr 22 Apr 29 Apr 6 May 13 May20 May27 May 3 Jun 10 Jun 17 Jun 24 Jun 30 Jun

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

230.0240.0

260.0

290.0300.0

330.0340.0

320.0

300.0

280.0270.0

230.0

200.0210.0

240.0

280.0 280.0

300.0

320.0

300.0

280.0

260.0250.0

220.0

100

150

200

250

300

350

28 Mac 8 Apr 15 Apr 22 Apr 29 Apr 6 May 13 May 23 May 30 May 6 Jun 10 Jun 24 Jun

US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

48.0 48.1 48.1 48.148.0

48.1 48.1 48.148.0

43.743.5 43.5 43.5

43.0

44.0

45.0

46.0

47.0

48.0

49.0

8 Apr 15 Apr 22 Apr 29 Apr 6 May 13 May20 May27 May 3 Jun 10 Jun 17 Jun 24 Jun 30 Jun

US$

/mt

Coal

68.0

63.0

58.0

52.0

60.0

63.0

52.0

56.0

57.0

53.0

47.0

41.042.0

47.0

56.0

61.0

55.0

38.0

43.0

48.0

53.0

58.0

63.0

68.0

73.0


2015 2016

US$

/dm

tu

Iron Ore

1,815

1,818

1,774

1,819

1,804

1,688

1,640

1,548

1,590

1,516

1,468

1,497

1,481

1,531

1,531

1,571 1,551

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1,850


2015 2016

US$

/ to

nne

Aluminium

5,831

5,729

5,940 6,042

6,295

5,833

5,457

5,127

5,217 5,216

4,800

4,639

4,472 4,599

4,954

4,873

4,695

4,000

4,500

5,000

5,500

6,000

6,500


2015 2016

US$

/ to

nne

Copper

14,849 14,574

13,756

12,831

13,511

12,825

11,413

10,386 9,938

10,317

9,244

8,708 8,507 8,299

8,717

8,879 8,660

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000


2015 2016

US$

/ to

nne

Nickel


Daikin Malaysia Sdn. Bhd. (DAMA) is the only air conditioning manufacturer in Malaysia producing a wide range of HVAC equipment for the Malaysian and global export markets from basic residential air-conditioners to high technology light commercial and commercial heat pump, air-cooled and water-cooled chillers. Group Associated (C&L) Sdn Bhd (GA) is subsidiary company of Daikin Industries, Ltd. Japan and marketing company for DAIKIN air conditioner (unitary products) and DEWPOINT products in Malaysia. Since its establishment in 1975, the company has been experienced unparalleled growth and development through its efforts in bringing cool comfort to millions of Malaysian.

In 1991, GA continued to reach greater heights by becoming one of the subsidiaries of Daikin Malaysia Sdn Bhd (Previously known as O.Y.L. Manufacturing Company Sdn. Bhd), one of the leading manufacturer of HVAC products (heating, ventilation and air-conditioning) and also a member of the DAIKIN group Japan. Additionally in 15th October 2014, GA has granted the opportunity to distribute the DAIKIN Brand.

Over the years, GA has dedicated to giving customers the very best of high quality air conditioner products with fast and excellent services. Up to date, there are ten branches, with head office in Selangor, strategically located throughout Malaysia including Sabah and Sarawak supported with integrated advanced computer system enables GA to provide fast and reliable services to customers.

Knowing the importance of developing innovative and high quality products to maintain competitive advantage, Daikin Malaysia Sdn Bhd has dedicated its extensive resources to research and development in HVAC.

Daikin R&D Sdn Bhd (Previously known as OYL Research and Development Centre) is the largest air-conditioner R&D centre in South-East Asia, with a total built-up area of 7,340 square meters. A total of USD13 million has been invested in the building and research facilities which include laboratories to develop innovative and sophisticated products with high quality to fulfil the market needs.

Our R&D Centre has 15 test rooms to simulate test conditions from the intense heat and humidity the freezing environment. Besides, the anechoic and reverberation test rooms is also one of the special test rooms to test the noise level accurately. These test rooms are certified by Intertek as a Recognized SATELLITE™ Laboratory and ETL Approved Performance Test Facility. Our research facility is one of the best in the world, and costs RM10 million yearly to operate and maintain. Over the years, there are many innovative products has been created and had set the benchmark in the air-conditioning industry. Examples of the R&D successes are the revolutionary Built-in Starter and Fast Cooling Technology.

When it comes to achievement, Daikin Malaysia has gained a good reputation in industry as the group has been recipient of numerous award both in local and international stages. In 2015, Daikin’s premium product Daikin Wall Mounted Infinity Premium Series has won Good Design Award 2015 from Japan in recognition of product design excellence, innovation and creativity. Furthermore, the product was granted the 2016 Malaysia Good Design Mark in recognition for its innovative and excellence design. The highest milestone is that Daikin Malaysia has been honoured with Reader Digest 2016 Trusted Brand Gold Award in both Malaysia and Asia region in air conditioning category for year 2016 on 24th May 2016. General Manager of Group Associated (C&L) Sdn Bhd (GA), Mr. Lawrence Song said, “Trust is difficult to gain and easy to lose. Daikin is proud and honoured to be recognized as a trusted brand by customers in Malaysia. It is proven that trustworthiness and commitment to good quality, innovation and excellent after sales service and satisfying customers. Fast cooling, product reliability and excellent after sale service are our promises to customers”.

Background

Capabilities & Technologies

Achievement

DAIKIN MALAYSIA SDN. BHD. (DAMA) P.O.Box 79, Lot 60334,Persiaran Bukit Rahman Putra 3,Taman Perindustrian Bukit Rahman Putra,47000 Sungai Buloh, Selangor, Malaysia.Tel: +603-6145 8600


MITI ProgrammeMesyuarat Jawatankuasa

Perdagangan dan Pelaburan di Jakarta 30 Jun 2016


Announcement

Benefits of Economic CensusEntrepreneurs, Companies & Business

Industry Associations & Chamber of Commerce

Government To Update Economic Indicators

• To identify industrial structure and product trends

• To monitor changing patterns and growth trends for future investment

• To make business planning and decisions

• To gauge their business perfomance

• To compare their business operations to industry norms

• Rebasing of indices i.e. Gross Domestic Product (GDP) and Index of Industrial;

• Compilation of

Supply & Use Table (SUT), Input-Output Table (I-O), Tourism Satellite Account (TSA), Information & Communication Technology Satellite Account and System of Environmental – Economic Accounting (SEEA);

• Development of SME’s profile.

• To identify new sources of growth to the economy;

• To formulate national economy programmes; and

• To assess the implementation of the national development policy such as The Economic Transformation Programme, Eleventh Malaysia Plan and Small and Medium Enterprise (SME) Masterplan 2012 -2020.

• To understand more about industrial structure;

• To share information about the industry with their members;

• To assist business in marketing and investment planning.



MONETARY AND FINANCIAL DEVELOPMENTSMay 2016

Price Conditions: Headline inflation, as measured by the annual percentage change in the Consumer Price Index (CPI), was slightly lower at 2.0% in May (April: 2.1%). The decline was broad-based, with ten out of twelve categories recording lower inflation during the month. Inflation in the housing, water, electricity, gas and other fuels category was lower at 2.4% (April: 2.6%),reflecting the smaller increase in rental across all types of property. Inflation in the food and non-alcoholic beverages category moderated slightly to 4.1% (April: 4.2%). However, prices of fresh vegetables increased by a higher rate of 15.3% (April: 12.5%) due mainly to shortages of supplies amid the irregular weather conditions.

Monetary Conditions: Interbank rates beyond the 1-month tenure continued to moderate as the pressures arising from competition for stable funding and the uneven distribution of liquidity among banks eased in the money market in May. The weighted average Base Rate (BR) increased slightly from 3.81% in May (April: 3.79%), while the weighted average lending rates remained relatively unchanged during the month. Net financing to the private sector registered a slightly lower annual growth of 7.2% in May (April: 7.4%), due to a moderation in both the growth of loans extended by the banking system and development financial institutions (DFIs), and in net outstanding issuances of corporate bonds. Although business loans extended by the banking system registered a more moderate growth of 4.5% during the month (April: 5.0%), the level of loans disbursed to businesses increased during the month with a larger volume of loans extended to manufacturing; transport, storage and communication and wholesale and retail trade, and restaurants and hotels. The level of loan applications and loan approvals for businesses also increased during the month. The annual growth of loans to households registered a growth of 6.2% in May (April: 6.3%), reflecting continued moderation across most purposes. On an annual basis, broad money (M3) growth increased to 2.2% in May (April: 1.4%). The expansion in M3 was driven mainly by the continued extension of credit to the private sector by the banking system. The expansion, however, was partially offset by other influences, reflecting the continued issuance of equity by banks. The reclassification of Islamic Investment Accounts that took place in July 2015, also had a negative impact on M3 and is reflected in other influences.

Banking System: The banking system maintained a strong capital position.The Common Equity Tier 1 Capital Ratio, Tier 1 Capital Ratio and Total Capital Ratio stood at 12.9%, 13.8% and 16.4%, respectively. Net impaired loans accounted for 1.2% of net loans. The loan loss coverage ratio declined slightly to 91.2%.

Exchange Rates and International Reserves: In May, the ringgit depreciated against the currencies of Malaysia’s major trade partners. During the month, the ringgit, along with most regional currencies, depreciated against the US dollar. The depreciation was due mainly to the strengthening of the US dollar following heightened expectations for a policy rate increase by the Federal Reserve. Although other regional currencies also depreciated against the US dollar, the extent of the decline in the ringgit was the largest. This was due to the weaker sentiments following intermittent declines in Brent crude oil price earlier in the month, which led to capital outflows. The international reserves of Bank Negara Malaysia amounted to RM383.2 billion (equivalent to USD97.4 billion) as at 15 June 2016. This level remains ample to facilitate international transactions and is sufficient to finance 8.1 months of retained imports and is 1.2 times the short-term external debt1.

1 Refers to the redefined short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt. For more information, please refer to the box article titled ‘The Redefinition of External Debt’ in the Quarterly Bulletin on Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2014.

Source:http://www.bnm.gov.my/files/publication/msb/2016/5/i_en.pdf

MEDIA RELEASEby

Bank Negara Malaysia


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