Developing Countries in Asia Despite a Drop in Ranking
Malaysia continues to be ranked by the World Economic Forum’s Global Competitiveness Report (GCR) as the most competitive economy among developing countries in Asia. Malaysia remains ahead of economies such as Republic of Korea, Iceland and China. However in this latest ranking, Malaysia was overtaken by Belgium, Austria, Luxembourg, France, Australia, Ireland and Israel. It is important to note that all countries ranked above Malaysia are developed and high income economies.
In the GCR 2016-17, Malaysia was ranked 25th among the 138 economies, down from 18th last year. In terms of scores, our performance came down from 5.23 to 5.16 out of a maximum of 7. Meanwhile, countries and territories that also slipped in their ranking include Germany, Japan, Hong Kong SAR, Finland, Canada, France, Thailand, Indonesia and the Philippines.
The GCR is an annual report published by the WEF based on the Global Competitiveness Index (GCI). The GCI combines 114 indicators that integrate both macro and micro economic aspects of competitiveness. These indicators are grouped into 12 pillars comprising Institutions, Infrastructure, Macroeconomic Environment, Health and Primary Education, Higher Education and Training, Goods Market Efficiency, Labor Market Efficiency, Financial Market Development, Technological Readiness, Market Size, Business Sophistication and Innovation. The GCI is based on statistical data from internationally recognised organisations for 30% or 34 indicators. For the rest of the 80 indicators, qualitative assessments were made based on the World Economic Forum’s Executive Opinion Survey.
Overall, the report ranked Switzerland as the most competitive economy in the world for the eighth consecutive year, ahead of Singapore and the United States, followed by the Netherlands and Germany.
Malaysia ranked in the top 50 in each of the total 12 pillars, despite the decline in 8 of them. Malaysia performed most strongly in Goods Market Efficiency (12th) and Financial Market Development (13th).
In the Technological Readiness pillar, Malaysia advanced by 4 places to 43rd and Market Size pillar gained 2 positions to 24th.
International Trade and Industry Minister Dato’ Sri Mustapa Mohamed said external factors beyond the control of policy makers were partly responsible for the decline in Malaysia’s ranking. “The global economic uncertainty, the strong US Dollar, the fall in commodity prices and the slowdown in China’s economy are beyond our ambit,” he said.
The minister added, “There is also the issue of perception due to irresponsible act of certain parties which continue to spread unfounded and baseless allegations about domestic political developments
Ministry of International Trade and Industry, 28 September 2016
Dato’ Sri Mustapa said that, although the latest ranking is disappointing, it strengthens the Government’s resolve in undertaking necessary measures at a much faster pace to improve the country’s competitiveness. As pointed out by the WEF, for emerging economies, updated business practices and investments in innovation are now as important as infrastructure, skills and efficient markets. The outcome of this report is not to be taken lightly - the Government will address the shortcomings highlighted in the report, and consolidate efforts across ministries towards maintaining Malaysia’s status as a preferred investment destination. Malaysia will continue to benchmark itself against the best performers in the report.
As it stands, Malaysia is already addressing areas such as improving productivity, enabling innovation especially in SMEs and revolutionizing manufacturing services, enhanced automation and digitalization to increase efficiency, optimization of logistics and making prices more transparent and competitive taking cognizance of the Fourth Industrial Revolution. Preparing the SMEs against the backdrop of a more open environment and numerous Free Trade Agreements that we are involved in, as well as the deeper economic trade integration in ASEAN, has become a priority for the Government. At the same time, the Government is also working closely with experts and Industry players in finalizing the Malaysia Productivity Blueprint to address issues and challenges on productivity in a comprehensive manner.
Dato’ Sri Mustapa also urged the companies to innovate fast given the prospect of being overtaken by the market. The private sector will define the competitiveness of Malaysia.
The report also underscores the importance of avoiding the middle-income trap by placing increasing attention to business sophistication and innovation. “Innovation is the name of the game and we will continue to embrace this new reality. Several strategies which are being implemented to promote innovation at enterprise and societal levels under the 11th Malaysia Plan are expected to enhance the national innovation ecosystem. Hopefully this will help us to improve our ranking in the coming report,” the minister added.
Dato’ Sri Mustapa cautioned that going forward, competition will become more intense in the years ahead as all countries are working towards lifting their competitiveness. “Technology enabled platforms, such as sensors that ease sharing and on-demand economies, are disrupting business models and forcing countries to rethink how they formulate economic policies,” he said.
Both the Government and the private sector need to work more closely with each other to create a more competitive environment. On this the Government will step up the momentum to innovate.
“Malaysia is already in the right trajectory clearly as defined in the 11th Malaysia Plan, which focuses on wealth creation through innovation by strengthening the relational capital through an improved collaboration among all stakeholders. In this context, high impact initiatives by PEMUDAH, the Government Transformation Programme (GTP) and Economic Transformation Programme (ETP) will continue to support the private sector to enhance Malaysia’ competitiveness,” he stressed.
Sources: Department of Statistics, Malaysia.
Small and Medium Enterprises 2015
Growth Rate
Main Economic Sectors Contribution of SMEs
at Constant 2010 Prices
Growth Rate
Share of SMEs
at Constant 2010 Prices
Annual SME GDP and Overall GDP Growth 2015
at Constant 2010 Prices
Share of SME GDP and Overall GDP 2015
at Constant 2010 Prices
Sources: Department of Statistics, Malaysia.
Approved Private Investments by Sectors,
1H 2015 and 1H 2016
RM88.5 billion approved private investments for the first six months 2016
• RM1.3 billion in primary sector (1.5%*)
• RM19.6 billion in manufacturing sector (22.2%*)
• RM67.6 billion in services sector (76.4%*) Create 76,962 potential employment
• 386 potential employment in primary sector (1%*)
• 32,307 potential employment in manufacturing sector (42%*)
• 44,269 potential employment in services sector (57%*)
2,499 projects approved
• 25 in primary sector (1%*)
• 368 in manufacturing sector (15%*)
• 2,106 in services sector (84%*)
1H 2015 1H 2016 1H 2015 1H 2016 1H 2015 1H 2016
Primary Manufacturing Services
1.5 0.7
46.9
7.1
56.2 52.5
1.1 0.6
13.1
12.5
7.2 15.1
Domestic Foreign
Approved Private Investments by Sectors, 1H 2015 and 1H 2016
RM billion
Sources: Malaysian Investment Development Authority
The Global Green Economy Index 2016
Source: http://dualcitizeninc.com/GGEI-2016.pdf
Global Green Economy Index (GGEI) is a data-driven analysis of how 80 countries perform in the global green economy, as well as how expert practitioners rank this performance. Since its launch in 2010, the GGEI has signaled which countries are making progress towards greener economies, and which ones are not. The comparison of national green performance and perceptions of it revealed through the GGEI framework is more important than ever today. This is because while there is far greater public and political focus on climate change and green growth now than when the GGEI was first published, often the commitments and targets communicated by leaders do not match the reality.
Perception Rank Performance Rank
Indonesia
34 75
1 6 Global ASEAN Perception Rank
Performance Rank
Thailand
38 38
2 3 Global ASEAN Perception Rank
Performance Rank
Philippines
40 27
3 2 Global ASEAN
Perception Rank Performance Rank
Malaysia
42 65
4 4 Global ASEAN
Perception Rank Performance Rank
Viet Nam
63 66
5 5 Global ASEAN Perception Rank
Performance Rank
Cambodia
64 20
6
1
Global ASEAN
InternatIonal report
Global Competitiveness Index 2016-2017 Rankings
Switzerland Singapore United States Netherlands Germany
Sweden
United kingdom Japan
Hong Kong SAR Finland
1 2 3 4 5 6 7 8 9 10
Norway Denmark New Zealand Chinese Taipei Canada
United Arab Emirates Belgium
Qatar Austria
Luxembourg
20 19 18 17 16 15 14 13 12 11
Malaysia Thailand Indonesia
Philippines 58 Brunei 57
34 41 25
Source: http://www.nmi.is/media/338436/the_global_competitiveness_report_2016-2017.pdf
Viet Nam 60
Cambodia 93 Lao PDR
89
InternatIonal report
Trade Statistics and Outlook
World merchandise trade volume is expected to grow 1.7% in 2016, accompanied by real GDP growth of 2.2% at market exchange rates. This would be the slowest pace of trade and output growth since the financial crisis.
Trade growth was weaker than expected in the first half of 2016 due to falling import demand and slowing GDP growth in several major
developing economies as well as in North America.
Trade in 2017 is expected to grow between 1.8% and 3.1%, a range being provided to reflect potential changes in the relationship between trade and output.
Certain trade‐related indicators have improved, including export orders and container port throughput, but overall momentum in trade remains weak.
Volume of merchandise exports and imports by region, 2012Q1-2016Q2
Ratio of World Merchandise Trade Volume Growth to World Real GDP Growth, 1981-2016
Source: https://www.wto.org/english/news_e/pres16_e/pr779_e.html
InternatIonal report Cote D’Ivore
Economic Indicators 2015
Area 322,463 km
2Population
22.7 million
Inflation Rate
1.2%
Total Trade
US$21.1b (rank:93)
Exports
US$11.2b (rank: 82)
Imports
US$9.9b (rank: 97)
Malaysia’s Trade with Cote D’Ivore, 2005 - 2015
Sources: World Bank, IMF, WTO and Wikipedia.
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Imports 126.3 473.1 272.8 231.8 477.3 474.1 998.0 1,110.0 1,068.2 1,162.6 935.8 Exports 22.6 42.2 55.5 82.0 96.8 152.5 83.8 236.8 312.1 169.4 339.5 Total Trade 149.0 515.4 328.3 313.8 574.1 626.6 1,081.7 1,346.8 1,380.4 1,332.0 1,275.3
RM million
Sources: Department of Statistics, Malaysia.
GDP
(current)US$31.8 billion
DID You Know
Asia Digital Consumer View 2016
http://themalaysianreserve.com/new/story/catering-new-breed-digital-consumers Source:
Consumer Behaviour
Channel Effectiveness In The Consumer Buying Cycle
Digital Consumer View 2016 (Asia) maps the significant differences in how consumers research, locate, engage with and purchase products and services.
The report with research and analysis by International Data Corp reveals how consumer behaviour varies across the key Asian markets of Singapore, Malaysia, Indonesia, Thailand, Hong Kong and China, based on surveys with over 1,200 digital consumers.
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0 20 40 60 80 100 120 140 160 180
0 5 10 15 20 25 30 35
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO 0
1,000 2,000 3,000 4,000 5,000 6,000
0 500 1,000 1,500 2,000 2,500
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000
0 100 200 300 400 500 600 700 800
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 100 200 300 400 500 600 700
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350
0 20 40 60 80 100 120
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0 100 200 300 400 500 600 700 800
0 50 100 150 200 250
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 20 40 60 80 100 120 140
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
Number and Value of Preferential Certificates of Origin (PCOs)
Source: Ministry of International Trade and Industry, Malaysia
0 200 400 600 800 1,000 1,200
0 50 100 150 200 250 300
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0 20 40 60 80 100 120 140 160 180
0 20 40 60 80 100 120 140 160 180
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0 2 4 6 8 10 12 14 16 18
0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0 20 40 60 80 100 120
0 2 4 6 8 10 12 14 16
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-China Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400 450
0 10 20 30 40 50 60
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400 450 500
0 20 40 60 80 100 120 140
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350
0 20 40 60 80 100 120 140 160
3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep No. of Certificate of Origin
RM mil.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries, January 2015 - August 2016
US Dollar
Canadian Dollar
New Zealand Dollar
Swiss Franc
Saudi Riyal
United Arab Emirates Dirham
3.58
4.03
2.60 2.80 3.00 3.20 3.40 3.60 3.80 4.00 4.20 4.40 4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
RM
USD 1 = RM
2.97
3.10
2.60 2.70 2.80 2.90 3.00 3.10 3.20 3.30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
RM
CAD 1 = RM
2.74
2.91
2.30 2.40 2.50 2.60 2.70 2.80 2.90 3.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
RM
NZD 1 = RM
3.81
4.15
3.40 3.60 3.80 4.00 4.20 4.40 4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
RM
CHF 1 = RM
95.43
107.38
80.00 85.00 90.00 95.00 100.00 105.00 110.00 115.00 120.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
RM
SAR 100 = RM
97.56
109.63
80.00 85.00 90.00 95.00 100.00 105.00 110.00 115.00 120.00 125.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
RM
AED 100 = RM
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.
CRUDE PETROLEUM (BRENT) -per bbl-
23 Sept 2016 : US$45.9, 1.5%
*Average Price
i: 2015: US$53.6
2014: US$99.5 CRUDE PALM OIL
-per MT-
23 Sept 2016 : US$770.5, 1.9%
*Average Price
i: 2015: US$616.9
2014: US$823.3
RUBBER SMR 20 -per MT-
23 Sept 2016 : US$1,467.0, 9.7%
*Average Price
i: 2015: US$1.364.3
2014: US$1,718.3
COAL -per MT-
23 Sept 2016 : US$44.1, unchanged Average Price
i: 2015: US$49.9
2014: US$59.8 COCOA SMC 2
-per MT-
23 Sept 2016 : US$2,202.4, 4.5%
*Average Price
i: 2015: US$2,077.0
2014: US$2,615.8
SCRAP IRON HMS -per MT-
26 Sept 2016 : US$230.0
(high), 4.5%
US$210.0
(low), 5.0%
Average Price
i: 2015: US$239.6 2014: US$370.0
HIGHEST and LOWEST 2015/2016
Highest
9 August 2016 : US$50.9 15 May 2015 : US$66.8
Lowest
15 January 2016 : US$28.9 18 December 2015 : US$36.9
Crude Petroleum
(Brent) -per bbl-
Highest
15 Sept. 2016 : US$785.5 16 January 2015 : US$701.0
Lowest
15 January 2016 : US$545.5 4 September 2015 : US$500.5
Crude Palm Oil -per MT-
Average Domestic Prices 26 September 2016
Steel Bars
(per MT) RM1,700 – RM1,850
Billets
(per MT) RM1,500 – RM1,550
SUGAR -per lbs-
23 Sept 2016 : US$22.7, 7.3%
*Average Price
i: 2015: US$13.2
2014: US$16.6
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold
Council, The Wall Street Journal.
700.0
655.0 685.0
659.0 660.0
695.5 747.0
769.4 765.5
771.0 785.5
770.5
550 600 650 700 750 800
30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/mt
Crude Palm Oil
2,075.8 2,147.3
2,161.6 2,152.5
2,259.82,212.9
2,337.3 2,288.3
2,160.6 2,161.9
2,107.3 2,202.4
1,800 1,900 2,000 2,100 2,200 2,300 2,400
30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/mt
Cocoa
20.3
19.3 19.6 19.1
20.4 19.7
19.8
20.6 20.2 20.7 21.2
22.7
17.0 18.0 19.0 20.0 21.0 22.0 23.0
30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/lbs
Sugar
1,314.0
1,293.51,306.0 1,273.0
1,307.01,319.5 1,319.0
1,274.0 1,315.0
1,337.0 1,337.5
1,467.0
1,150 1,200 1,250 1,300 1,350 1,400 1,450 1,500
30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/mt
Rubber SMR 20
7,591
7,286 7,267 7,853
7,148 7,063
7,296
6,742 6,940
7,029
6,963 7,008
6,900 7,088
7,113 7,281
6,917 6,851 6,730
6,337 6,095
5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2015 2016
USD/ tonne
Black Pepper
* until 23 September 2016
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
43.5 43.5 43.5 43.5 43.5 43.5 43.5 43.5 43.5 44.6
44.1 44.1
40.0 41.0 42.0 43.0 44.0 45.0 46.0 47.0 48.0 49.0 50.0
8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/mt
Coal
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 1,591
1,629 1,641
1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
US$/ tonne
Aluminium
5,831
5,729 5,940
6,042 6,295
5,833
5,457
5,127 5,217 5,216
4,800 4,639
4,472 4,599
4,954 4,873
4,695 4,633 4,865
4,759
4,000 4,500 5,000 5,500 6,000 6,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
US$/ tonne
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 8,906 10,263
10,366
7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
US$/ tonne
Nickel
45.4 46.0
44.2
41.6 41.8 44.5
48.5 47.6
44.4 45.9
43.9 44.5 46.8
47.6
45.7
42.5 44.3
47.0 50.9
49.9
46.8 48.0
46.6 45.9
40 42 44 46 48 50 52
8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
1,084.0
1,094.0 1,094.0 1,145.0
1,148.0 1,148.0
1,108.0
1,079.0
1,054.0 1,075.0
1,033.0 1,057.0
960.0 980.0 1,000.0 1,020.0 1,040.0 1,060.0 1,080.0 1,100.0 1,120.0 1,140.0 1,160.0
8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/oz
Platinum
320.0 300.0
280.0 270.0
230.0
200.0
230.0 240.0 240.0 240.0
220.0 230.0 300.0
280.0 260.0
250.0
220.0
180.0
210.0 220.0 220.0 220.0
200.0 210.0
100 150 200 250 300 350
23 May 30 May 6 Jun 10 Jun 24 Jun 15 Jul 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 26 Sep
US$/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
68.0
63.0
58.0
52.0 60.0
63.0
52.0 56.0
57.0
53.0
47.0
41.0 42.0 47.0
56.0 61.0
55.0
52.0 57.0
61.0
38.0 43.0 48.0 53.0 58.0 63.0 68.0 73.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
US$/dmtu
Iron Ore
19.7 20.3
19.7 20.3
20.0 20.2
19.2
18.8 19.2
19.5
19.0 19.8
17.5 18.0 18.5 19.0 19.5 20.0 20.5
8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep
US$/oz
Silver
43.5
42.7 42.5
43.2 43.1 43.5
43.3
42.4 42.6
42.8
42.1 43.0
41.0 41.5 42.0 42.5 43.0 43.5 44.0
7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep
US$/oz
Gold
Turun Padang Programme to SAM Engineering Sdn. Bhd. Penang
20 September 2016
MITI Programme
Certified Public Accountant Congress 2016
20 September 2016
Dialogue with the Federation of Malaysian Manufacturers
22 September 2016
MITI Programme
Malaysia Fest 2016, Trafalgar Square London
24 September 2016
Malaysia Fest 2016, Trafalgar Square London
24 September 2016
Presentation on Introduction and Aspirations of the TPPA by MITI Secretary General in The King’s Discourse
24 September 2016
MITI Programme
Study Visit From Côte D’ivoire (Ivory Coast) and the UNDP
26 September 2016
Announcement
Benefits of Economic Census
Entrepreneurs,
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.
Source : Department of Statistics, Malaysia
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