Labour force participation rate is defined as the ratio of labour force to the working age population, expressed as percentage.

(1)

MALAYSIA

Source : Department of Statistics, Malaysia

1

Age between 15 to 64 years

2

Labour force participation rate is defined as the ratio of labour force to the working age population, expressed as percentage.

3

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 job.

Notes :

Working Age Population 1

2016 21.7 million 2015 21.4 million

Labour Force

Outside Labour Force 3

Labour Market, 2016

2016 14.7million 2015 14.5 million

2016 7.0 million 2015 6.9 million

67.7%

Labour Force Participation Rate 2 (%)

4

Unemployment rate is the proportion of unemployed population to the total population in labour force.

1.0%

1.4%

Employed

Unemployed

3.0

3.5 3.5 3.6

3.5 3.5 3.3

3.2

3.3 3.7

3.3

3.1 3.0

3.1

2.9

3.1 3.4

2.8 3.2 3.6

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

%

Unemployment 4 Rate, 2000 - 2016

2016 14.7 million

14.2 million 2016 14.1 million 2015

0.7%

0.50 million 2016 0.45 million 2015

11.1%

Notes :

% : Y-o-Y Growth

Labour Force

(2)

Labour Force Participation Rate (LFR) by Sex

2016

LFR by Sex and Age Group , 2016

67.7%

2016 67.9%

2015 80.2%

2016

80.6%

2015 54.3%

2016 54.1%

2015

(3)

International Report

Total trade : S$72.6 billion, 14.6%

Exports : S$39.5 billion, 22.1%

Imports : S$33.1 billion, 6.8%

Singapore's Global Trade, February 2017

Major Top 10 Trading Partners

83.6 90.2 87.9 97.0

77.0 85.3 88.2 95.6 100.3 108.7 108.4 114.4

50 .6 55 .8 57 .6 57 .1 49 .4 60 .3 73 .7 80 .5 80 .3 85 .9 82 .2 72 .4 11.0 7. 0

134.2

186.9

0 50 100 150 200 250

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Jan 2017 RM billion

EXPORTS IMPORTS TOTAL TRADE

Malaysia’s Trade with Singapore, 2005- Jan 20 17

-

Note:

% - Month-on-Month Growth

Source:http://www.singstat.gov.sg/

* value in S$ thousand

(4)

International Report

10

1 6

7

8

9

10 4

5 3 2

Best Places to Retire in 2017

Mexico

Score: 90.9 Malaysia

Score: 87.0

Panama

Score: 90.8 Spain

Score: 84.8

Ecuador

Score: 90.7 Nicaragua

Score: 83.6

Costa Rica

Score: 87.9 Portugal

Score: 83.1

Malta Score:

Colombia Score: 87.7

Note:The ranking comes from I International Living’s Annual Global Retirement Index, sizing up 24 countries in 10 categories

Source:https://internationalliving.com

(5)

Note: * Provisional data

- 100 200 300 400 500 600 700

- 50 100 150 200 250 300

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

2016 2017

No. of Certificate of Origin

RM mil.

Generalised System of Preferences (GSP)

Total of FOB (RM mil.) No. of Certificates

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)

- 5,000 10,000 15,000 20,000 25,000

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

2016 2017

No. of Certificate of Origin

RM mil.

ASEAN Trade in Goods Agreement (ATIGA)

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

2016 2017

No. of Certificate of Origin

RM mil.

ASEAN-China Free Trade Agreement (ACFTA)

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

- 500 1,000 1,500 2,000 2,500 3,000 3,500

2016 2017

No. of Certificate of Origin

RM mil.

ASEAN-Korea Free Trade Agreement (AKFTA)

- 200 400 600 800 1,000 1,200

- 100 200 300 400 500 600

2016 2017

RM mil.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

- 500 1,000 1,500 2,000 2,500 3,000 3,500

- 100 200 300 400 500 600 700 800 900 1,000

2016 2017

No. of Certificate of Origin

RM mil.

ASEAN-India Free Trade Agreement (AIFTA)

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

- 100 200 300 400 500 600 700 800 900

2016 2017

RM mil.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)

Source: Ministry of International Trade and Industry, Malaysia

(6)

Note: * Provisional data

Number and Value of Preferential Certificates of Origin (PCOs)

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

- 100 200 300 400 500 600 700 800 900

2016 2017

No. of Certificate of Origin

RM mil.

Malaysia-Japan Economic Partnership (MJEPA)

- 100 200 300 400 500 600 700 800 900

- 50 100 150 200 250 300

2016 2017

RM mil.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)

- 5 10 15 20 25 30 35 40 45 50

- 1 2 3 4 5 6 7 8 9 10

2016 2017

No. of Certificate of Origin

RM mil.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

- 50 100 150 200 250 300 350 400

- 20 40 60 80 100 120

2016 2017

RM mil.

Malaysia-China Free Trade Agreement (MCFTA)

- 200 400 600 800 1,000 1,200 1,400 1,600 1,800

- 50 100 150 200 250 300 350

2016 2017

No. of Certificate of Origin

RM mil.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

- 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000

- 50 100 150 200 250 300

2016 2017

RM mil.

Malaysia-Australia Free Trade Agreement (MAFTA)

- 200 400 600 800 1,000 1,200

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000

2016 2017

No. of Certificate of Origin

RM mil.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Source: Ministry of International Trade and Industry, Malaysia

(7)

Malaysian Ringgit Exchange Rate with Selected Countries, January 2016 - February 2017

US Dollar

Canadian Dollar

New Zealand Dollar

Swiss Franc

Saudi Riyal

Myanmar Kyat

4.3481

4.4460

3.60 3.70 3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60

2016 2017

RM

USD 1 = RM

3.06

3.40

2.80 2.90 3.00 3.10 3.20 3.30 3.40 3.50

2016 2017

RM

CAD 1 = RM

2.84

3.21

2.40 2.50 2.60 2.70 2.80 2.90 3.00 3.10 3.20 3.30

2016 2017

RM

NZD 1 = RM

4.32

4.44

3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50

2016 2017

RM

CHF 1 = RM

115.89

118.55

95.00 100.00 105.00 110.00 115.00 120.00 125.00

2016 2017

RM

SAR 100 = RM

0.337

0.326

0.315 0.320 0.325 0.330 0.335 0.340 0.345 0.350

2016 2017

RM

MMK 100 = RM

Source : Bank Negara, Malaysia

(8)

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-

24 Mar 2017 : US$50.8, 1.9% * Average Price i : 2016: US$45.3

2015: US$53.6 CRUDE PALM OIL

-per MT-

24 Mar 2017 : US$746.0, 0.9%*

Average Price i : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20 -per MT-

24 Mar 2017 : US$1,902.0, 6.5% * Average Price i : 2016: US$1.394.5

2015: US$1.364.3

COAL -per MT-

24 Mar 2017 : US$44.1, unchanged Average Price i : 2016: US$45.6

2015: US$49.9 COCOA SMC 2

-per MT-

24 Mar 2017 : US$1,568.8, 6.4% * Average Price i : 2016: US$1,609.8

2015: US$2,077.0

SCRAP IRON HMS -per MT-

24 Mar 2017 : US$330.0 (high) , unchanged

US$310.0 (low) , unchanged

Average Price i : 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

24 Mar 2017 : US$50.8 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 17 Mar 2017 : US$739.0

Crude Palm Oil -per MT-

Domestic Prices 24 March 2017

Steel Bars

(per MT) RM2,120 – RM2,270

Billets

(per MT) RM2,000 – RM2,050

SUGAR -per lbs-

24 Mar 2017 : US¢ 17.7, 2.5% * Average Price i : 2016: US¢18.2

2015: US¢13.2

(9)

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.

798.8 812.5

843.0 835.0

810.0 807.0 807.0 779.5

740.5 746.0

739.0 746.0

680 700 720 740 760 780 800 820 840 860

6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar

US$/mt

Crude Palm Oil

1,566.0 1,609.8

1,596.3

1,506.6 1,715.8

1,485.7 1,473.4

1,502.9 1,473.2

1,380.3 1,385.3 1,474.6

1,568.8

1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750

30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb 3 Mar 10 Mar17 Mar24 Mar

US$/mt

Cocoa

20.8 20.5

20.2 20.3 21.1

20.4 20.3

19.8 19.5

18.0 18.2 17.7

16.0 17.0 18.0 19.0 20.0 21.0 22.0

US¢/lbs

Sugar

1,995.0 2,228.5

2,166.0 2,303.0

2,221.0

2,193.0 2,183.0

2,059.5 2,108.5

2,010.02,033.5

1,902.0

1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400

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

4,165

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

2016 2017

USD/ tonne

Black Pepper

* until 24 March 2017

(10)

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.

Commodity Price Trends

44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1

43.5 43.6 43.7 43.8 43.9 44.0 44.1 44.2

US$/mt

Coal

1,481 1,531 1,531

1,571 1,551

1,591 1,629 1,641

1,589 1,663

1,737 1,728 1,790

1,861

1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900

2016 2017

US$/ tonne

Aluminium

4,472 4,599

4,954 4,873

4,695 4,633 4,865

4,759 4,716 4,726 5,451

5,660 5,743 5,941

4,000 4,500 5,000 5,500 6,000 6,500

2016 2017

US$/ tonne

Copper

8,507 8,299

8,717 8,879 8,660

8,906 10,263

10,366

10,176 10,251 11,129

10,972

9,975 10,643

7,000 7,500 8,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500

2016 2017

US$/ tonne

Nickel

54.0

52.4 52.4

53.2 53.8 53.9

53.4 54.0 53.3

48.5 48.8 48.0 57.1

55.5 55.5 55.5

56.8 56.7

55.8 56.0 55.9

51.4 51.8 50.8

40 42 44 46 48 50 52 54 56 58

US$/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

(11)

Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

961.0 973.0

965.0 967.0

994.0 995.0 1,012.0

1,029.0

989.0

944.0 954.0

967.0

900.0 920.0 940.0 960.0 980.0 1,000.0 1,020.0 1,040.0

US$/oz

Platinum

300.0

320.0 320.0 320.0 320.0 320.0 320.0

310.0 310.0 320.0

330.0 330.0

290.0 290.0 290.0 290.0 290.0 290.0 290.0 290.0 290.0

310.0 310.0 310.0

260 270 280 290 300 310 320 330 340

19 Dec 23 Dec 6 Jan 16 Jan 3 Feb 13 Feb 17 Feb 26 Feb 3 Mar 13 Mar 17 Mar 24 Mar

US$/mt

Scrap Iron

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

42.0 47.0

56.0 61.0

55.0 52.0

57.0 61.0

58.0 59.0 73.0

80.0 80.0 89.0

30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0

2016 2017

US$/dmtu

Iron Ore

16.4 16.7

17.0 16.8

17.5 17.7

18.0 18.4

17.8

17.1 17.3

17.6

15.0 15.5 16.0 16.5 17.0 17.5 18.0 18.5 19.0

US$/oz

Silver

37.8 38.3

38.6

38.1 39.1

39.5 39.9

40.3

39.4

38.7 39.5

40.1

36.5 37.0 37.5 38.0 38.5 39.0 39.5 40.0 40.5

US$/oz

Gold

(12)

MITI Programme

The Nine Winners of AKI 2016 are:

A) Manufacturing Sector Awards

Category 1 (with sales turnover not exceeding RM50 Mil) - Paradigm Precision Components Sdn Bhd Category 2 (with sales turnover of RM50 Mil – RM100Mil) - Exis Tech Sdn Bhd

Category 3 (with sales turnover of more than RM100Mil) - Salutica Allied Solutions Sdn Bhd B) Services Sector Awards

Category 1 (with sales turnover not exceeding RM20 Mil) - Medical Apparatus Supplies Sdn. Bhd.

Category 2 (with sales turnover of RM20 Mil – RM50Mil ) - Upstream Downstream Process & Services Sdn Bhd Category 3 (with sales turnover of RM50Mil – RM 100Mil) - KPJ Klang Specialist Hospital

Category 4 (with sales turnover of more than RM100Mil) - Johor Port Berhad

C) Open Category Award Finisar Malaysia Sdn Bhd D) Prime Minister’s Award KPJ Klang Specialist Hospital

Anugerah Kecemerlangan Industri (AKI)

2016

(13)

Langkawi International Maritime and Aerospace (LIMA) 21 - 25 March 2017

MITI Programme

(14)

MITI Programme

Langkawi International Maritime and Aerospace (LIMA) 2017 21-25 March 2017

MITI PAVILLION

(15)

MITI Programme

Global Transformation Forum

KL Convention Centre, 22-23 March 2017

(16)

The National Chamber of Commerce (NCCIM) Dinner with Y.B. Dato Sri Mustapa Mohamed, 23 March 2017

MITI Programme

(17)

Approved Permit (AP) Application for the Importation of Vehicles and Heavy Machineries through the ePermit System, Effective 1 st April 2017

Effective 1st April 2017, all Approved Permit (AP) applications for the importation of vehicles and heavy machineries must be made through the ePermit System. In view of this, companies are advised to make the necessary preparation for the transition.

For enquiries relating to the ePermit registrations and applications, kindly contact DagangNet Technologies Sdn. Bhd. at:

Tower 3, Avenue 5,

The Horizon Bangsar South, No 8 Jalan Kerinchi,

59200 KUALA LUMPUR.

Tel : 03.2730.0200 Fax : 03.2713.2990 Careline : 1.300.133.133

Website : http://www.dagangnet.com

Email : info@dagangnet.com / careline@dagangnet.com

Announcement

Implementation Of Customs Duty Order 2017 In The Trade Facilitation Information System (TFIS), Effective 1 st April 2017

In line with Customs Duty Order (PDK) 2017 enforcement and improvement of current TFIS, the following dates are to be duly noted by all AP applicants:

AP Application through TFIS need to be submitted latest by 28 March 2017(Tuesday) at 5.30pm; and

All approved APs need to be printed latest by 30 March 2017 (Thursday) at 12.00 afternoon.

TFIS will resume normal operations on 1 April 2017 Export Import Control Section

Ministry of International Trade and Industry

(18)

Logo must be placed on the same row when implemented with other agency logos, in the same size ratio, positioned far right whenever possible

Proper usage of brand on collaterals

Negaraku Brand Guide

Sample

(19)

MITI @ Your Service AKRAB MITI

Email: allakrab@miti.gov.my

Deputy Chairman Secretary

Chairman

Committee member Committee member Committee member Committee memberCommittee memberCommittee member Syahmi Amri Mat Nepa

NKEA, Monitoring and Evaluation

Junaidi Safari Strategic Planning

Rosmaliza Ab. Latif Multilateral Trade

and Policy

Halimah Othman Multilateral Trade

and Policy

Mas Ayu Razali Bilateral Economic and Trade Relations

Khairul Anwar Abd. Munir Deputy Minister

(Trade) Office

Mohd Yusof Mohd Sidek

MITI Driver

Hazilah Argadan Strategic Negotiations

Mawarni Sahar ASEAN Economic

Integration

Inspirational Quote

(20)

Dear Readers,

Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13

MITI Weekly Bulletin

Conveys its deepest condolences

to the victims and their families on the attack at Westminster, London

22 March 2017

Our Deepest Condolences...