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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 ASEAN to Strengthen Ties, Seek Global Collaboration Ministry of International Trade and Industry, 7 September 2016 Despite differences, the Association of Southeast Asian Nations (ASEAN) has the common goal of making the region economically stronger and seeking more collaboration with other countries and regions, officials said on Monday. ASEAN has achieved a lot in terms of economic integration and looks forward to more collaboration with other countries, including China, Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry of Malaysia, told the ASEAN Business and Investment Summit (ABIS) held on Monday afternoon in Vientiane, Laos. The three-day summit, with the theme of “Operationalizing the ASEAN Economic Community - turning vision into reality,” will address issues such as free trade agreements, energy and infrastructure development in the region and technology. The ABIS features more than 400 companies across the ASEAN region. The ASEAN economy is expected to grow at 7 percent annually, with total GDP reaching $4.7 trillion in 2020, and the possibility of becoming the fourth-largest economy in the world by 2030, according to studies, Laotian Prime Minister Thongloun Sisoulith said in his opening remarks for the summit. “We’ll grow together,” Dr. Enggartiasto Lukita, minister of trade of the Republic of Indonesia, said during the summit. China has grown to be the largest trading partner of ASEAN, and it was the first country to establish a strategic partnership with ASEAN and the first non-ASEAN signatory to sign the ASEAN Treaty of Amity and Cooperation, the Xinhua News Agency reported in November 2015. From January to February, China’s trade with ASEAN countries reached $61.5 billion, accounting for 12 percent of its total trade, according to the Chinese Ministry of Commerce.ASEAN members see China as a crucial market offering more investment and business opportunities, officials told the summit.“Malaysia is a very active supporter of [the China-proposed] ‘One Belt and One Road’ initiative and investment from China,” Mohamed told the Global Times after the summit. He also noted that Malaysia is willing to strengthen economic and trade ties with China as well as other countries under the Regional Comprehensive Economic Partnership (RCEP) negotiation. The RCEP negotiations were launched during the 21st ASEAN Summit in Phnom Penh, Cambodia in November 2012. The 14 th round of negotiations involving the RCEP was held from August 10 to 19 in Ho Chi Minh City, Vietnam and representatives from ASEAN, China, Japan, South Korea, Australia, New Zealand and India talked about cargo, services and investment.
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ASEAN to Strengthen Ties, Seek Global Collaboration

Apr 20, 2022

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Page 1: ASEAN to Strengthen Ties, Seek Global Collaboration

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

ASEAN to Strengthen Ties, Seek Global Collaboration

Ministry of International Trade and Industry, 7 September 2016

Despite differences, the Association of Southeast Asian Nations (ASEAN) has the common goal of making the region economically stronger and seeking more collaboration with other countries and regions, officials said on Monday.

ASEAN has achieved a lot in terms of economic integration and looks forward to more collaboration with other countries, including China, Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry of Malaysia, told the ASEAN Business and Investment Summit (ABIS) held on Monday afternoon in Vientiane, Laos.

The three-day summit, with the theme of “Operationalizing the ASEAN Economic Community - turning vision into reality,” will address issues such as free trade agreements, energy and infrastructure development in the region and technology. The ABIS features more than 400 companies across the ASEAN region. The ASEAN economy is expected to grow at 7 percent annually, with total GDP reaching $4.7 trillion in 2020, and the possibility of becoming the fourth-largest economy in the world by 2030, according to studies, Laotian Prime Minister Thongloun Sisoulith said in his opening remarks for the summit. “We’ll grow together,” Dr. Enggartiasto Lukita, minister of trade of the Republic of Indonesia, said during the summit.

China has grown to be the largest trading partner of ASEAN, and it was the first country to establish a strategic partnership with ASEAN and the first non-ASEAN signatory to sign the ASEAN Treaty of Amity and Cooperation, the Xinhua News Agency reported in November 2015. From January to February, China’s trade with ASEAN countries reached $61.5 billion, accounting for 12 percent of its total trade, according to the Chinese Ministry of Commerce.ASEAN members see China as a crucial market offering more investment and business opportunities, officials told the summit.“Malaysia is a very active supporter of [the China-proposed] ‘One Belt and One Road’ initiative and investment from China,” Mohamed told the Global Times after the summit. He also noted that Malaysia is willing to strengthen economic and trade ties with China as well as other countries under the Regional Comprehensive Economic Partnership (RCEP) negotiation.

The RCEP negotiations were launched during the 21st ASEAN Summit in Phnom Penh, Cambodia in November 2012. The 14th round of negotiations involving the RCEP was held from August 10 to 19 in Ho Chi Minh City, Vietnam and representatives from ASEAN, China, Japan, South Korea, Australia, New Zealand and India talked about cargo, services and investment.

Page 2: ASEAN to Strengthen Ties, Seek Global Collaboration

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: Department of Statistics, Malaysia.

Distributive trade statistics constitute a subject area of economic statistics concerned with provision of data on economic units whose main activity is wholesaling and retailing (that is to say, sale without transformation) of any types of goods together with performing services incidental to sales such as repair, installation and delivery.

Page 3: ASEAN to Strengthen Ties, Seek Global Collaboration

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

Global Innovation Index 2016

Singapore Global Rank : 6 (Score: 59.2)

Malaysia Global Rank : 35 (Score: 43.4)

Thailand Global Rank : 52 (Score: 36.5)

Viet NamGlobal Rank : 59 (Score: 35.4)

Philippines Global Rank :74(Score: 36.5)

Indonesia Global Rank : 88 (Score: 29.1)

CambodiaGlobal Rank : 95(Score: 27.7)

Ease of Starting a Business : 1 (10*)Ease of Getting Credit: 2 (18*) FDI net Inflows (% of GDP) : 1 (1*)High-tech Net exports (% of Total Trade) : 2 (1*)Government Effectiveness: 1 (1*)

Ranking for Selected Indicators:

Ease of Starting a Business : 2 (14*)Ease of Getting Credit: 3 (27*) FDI net Inflows (% of GDP) : 4 (58*)High-tech Net exports (% of Total Trade) : 1 (1*)Government Effectiveness: 2 (27*)

Ease of Starting a Business : 3 (73*)Ease of Getting Credit: 6 (81*) FDI net Inflows (% of GDP) : 7 (99*)High-tech Net exports (% of Total Trade) : 4 (10*)Government Effectiveness: 3 (50*)

Ease of Starting a Business : 4 (88*)Ease of Getting Credit: 4 (27*) FDI net Inflows (% of GDP) : 3 (29*)High-tech Net exports (% of Total Trade) : 3 (1*)Government Effectiveness: 6 (72*)

Ease of Starting a Business : 5 (118*)Ease of Getting Credit: 7 (92*) FDI net Inflows (% of GDP) : 6 (74*)High-tech Net exports (% of Total Trade) : n/aGovernment Effectiveness: 4 (58*)

Ease of Starting a Business : 6 (122*)Ease of Getting Credit: 5 (63*) FDI net Inflows (% of GDP) : 5 (59*)High-tech Net exports (% of Total Trade) : 5 (41*)Government Effectiveness: 5 (69*)

Ease of Starting a Business : 7 (127*)Ease of Getting Credit: 1 (14*) FDI net Inflows (% of GDP) : 2 (9*)High-tech Net exports (% of Total Trade) : 6 (66*)Government Effectiveness: 7 (105*)

The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated.

Source: https://www.globalinnovationindex.org/gii-2016-report#Note: * Global Rank

Page 4: ASEAN to Strengthen Ties, Seek Global Collaboration

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

https://inbox-static.waze.com/driverindex.pdf

InternatIonal reportDriver Satisfaction Index 2016

By Country12

345

67

89

10

NetherlandsFrance

United StatesCzech RepublicSweden

United Arab EmiratesLatvia

HungarySlovakiaItaly

23 Malaysia 32 Singapore 34 Indonesia 37 Philippines

By Metro12

34

5

56

78

9

Valence, FranceTours, FranceLemans, FranceSaint-Etienne, FranceGreensboro, Nc, US

Avignon, FranceReims, FranceNimes, FranceDouai-Lens, FranceOrleans, France

94 Central Malacca 97 Kuala Terengganu

Malaysia105 Kuala Muda

124 Kota Bharu 131 Kuching 134 Kuantan

137 Kuala Lumpur 138 Kinta 139 Batu Pahat

140 Johor Bahru 164 Kota Kinabalu 166 Larut & Matang

The Waze Driver Satisfaction Index analyzes the driving experience of millions of monthly active Waze users in 38 countries and 235 metros to create a single numeric score. Many traffic indices only look at a single quantifiable factor such as time spent in traffic. The Driver Satisfaction Index measures six qualitative and quantitative attributes to provide an unprecedented look at the overall driver experience in cities and countries worldwide. While Waze has more than 65 million monthly active users globally in 185 countries, Waze chose to focus on countries and metros with more than 20,000+ monthly active users to ensure data accuracy and fair market comparisons.

Note:

Page 5: ASEAN to Strengthen Ties, Seek Global Collaboration

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

DID You KnowList of 25 Malaysian Ministries’ Website

Prime Minister’s Department www.jpm.gov.my

Ministry of Finance www.treasury.gov.m

Ministry of Home Affairs www.moha.gov.my

Ministry of Transport www.mot.gov.my

Ministry of Health www.moh.gov.my

Ministry of Plantations Industries and Commodities www.kppk.gov.my

Ministry of Tourism and Culture www.motac.gov.my

Ministry of Defence www.mod.gov.my

Ministry of International Trade and Industry www.miti.gov.my

Ministry of Energy, Green Technology and Water www.kettha.gov.my

Ministry of Agriculture & Agro-Based Industry www.moa.gov.my

Ministry of Rural and Regional Development www.rurallink.gov.my

Ministry of Foreign Affairs www.kln.gov.my

Ministry of Science, Technology & Innovation www.mosti.gov.my

Ministry of Women, Family and Community Development www.kpwkm.gov.my

Ministry of Works www.kkr.gov.my

Ministry of Human Resources www.mohr.gov.my

Ministry of Federal Territories www.kwp.gov.my

Ministry of Higher Education www.mohe.gov.my

Ministry of Youth and Sports www.kbs.gov.my

Ministry of Domestic Trade, Co-operatives & Consumerism www.kpdnkk.gov.my

Ministry of Natural Resources and Environment www.nre.gov.my

Ministry of Education www.moe.gov.my

Ministry of Communications & Multimedia www.kkmm.gov.my

Ministry of Urban Wellbeing, Housing & Local Government www.kpkt.gov.my

Page 6: ASEAN to Strengthen Ties, Seek Global Collaboration

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: 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

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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

2,50026

Jun

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

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

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

0

100

200

300

400

500

600

700

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

350

0

20

40

60

80

100

120

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

0

50

100

150

200

250

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

20

40

60

80

100

120

140

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

Page 7: ASEAN to Strengthen Ties, Seek Global Collaboration

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)

Source: Ministry of International Trade and Industry, Malaysia

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)

Total FOB (RM mil.) Total CO

0

20

40

60

80

100

120

140

160

180

200

0

20

40

60

80

100

120

140

160

180

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

16

18

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

0

2

4

6

8

10

12

14

16

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

0

10

20

30

40

50

60

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

140

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

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

0

20

40

60

80

100

120

140

160

26 J

un

3 Ju

l

10 J

ul

17 J

ul

24 J

ul

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

Page 8: ASEAN to Strengthen Ties, Seek Global Collaboration

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

United State of America

Philippines

Viet Nam

Hong Kong SAR

Indonesia

India

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2015 - August 2016

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

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2015 2016

RM

USD 1 = RM

8.04

8.63

7.40

7.60

7.80

8.00

8.20

8.40

8.60

8.80

9.00

9.20

9.40

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

Aug

2015 2016

RM

PHP 100 = RM

0.0168

0.0181

0.015

0.016

0.017

0.018

0.019

0.020

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

Aug

2015 2016

RM

VND 100 = RM

46.22

51.92

30.00

35.00

40.00

45.00

50.00

55.00

60.00

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

Aug

2015 2016RM

HKD 100 = RM

0.0285

0.0306

0.025

0.026

0.027

0.028

0.029

0.030

0.031

0.032

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

Aug

2015 2016

RM

IDR 100 = RM

5.77

6.02

5.00

5.20

5.40

5.60

5.80

6.00

6.20

6.40

6.60

6.80

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

Aug

2015 2016

RM

INR 100 = RM

Page 9: ASEAN to Strengthen Ties, Seek Global Collaboration

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

Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-15 Sept 2016 : US$46.0, 4.1%*

Average Pricei : 2015: US$53.6 2014: US$99.5

CRUDE PALM OIL-per MT-

15 Sept 2016 : US$785.5, 1.9%*

Average Pricei : 2015: US$616.9 2014: US$823.3

RUBBER SMR 20-per MT-

15 Sept 2016 : US$1,337.5, 0.04%*

Average Pricei : 2015: US$1.364.3 2014: US$1,718.3

COAL -per MT-15 Sept 2016 : US$44.1, 1.2%Average Pricei : 2015: US$49.9 2014: US$59.8

COCOA SMC 2-per MT-

15 Sept 2016 : US$2,107.3, 2.5%*

Average Pricei : 2015: US$2,077.0 2014: US$2,615.8

SCRAP IRON HMS-per MT-

9 Sept 2016 : US$220.0 (high), 8.3%* US$200.0 (low), 9.1%*Average Pricei : 2015: US$239.6 2014: US$370.0

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

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 9 Sept. 2016 : US$771.0 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 Prices9 September 2016

Steel Bars(per MT)

RM1,720 – RM1,870

Billets(per MT)

RM1,500 – RM1,550

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.

SUGAR -per lbs-15 Sept 2016 : US$20.7, 0.2%*

Average Pricei : 2015: US$13.2 2014: US$16.6

Page 10: ASEAN to Strengthen Ties, Seek Global Collaboration

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

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.

704.5700.0

655.0

685.0

659.0 660.0

695.5

747.0

769.4

765.5771.0

785.5

550

600

650

700

750

800

24 Jun 30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep

US$

/mt

Crude Palm Oil

2,089.92,075.8

2,147.32,161.6 2,152.5

2,259.8

2,212.9

2,337.3

2,288.3

2,160.6

2,161.9

2,107.3

1,800

1,900

2,000

2,100

2,200

2,300

2,400

24 Jun 30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep

US$

/mt

Cocoa

19.2

20.3

19.3

19.6

19.1

20.4

19.719.8

20.6

20.2

20.7

20.7

18.0

18.5

19.0

19.5

20.0

20.5

21.0

24 Jun 30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep

US$

/lbs

Sugar

1,278.0

1,314.0

1,293.5

1,306.0

1,273.0

1,307.0

1,319.5 1,319.0

1,274.0

1,315.0

1,337.0

1,337.5

1,240

1,260

1,280

1,300

1,320

1,340

1,360

24 Jun 30 Jun 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 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

6,118

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

/ to

nne

Black Pepper

* until 2 September 2016

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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 43.5

44.6

44.1

40.0

41.0

42.0

43.0

44.0

45.0

46.0

47.0

48.0

49.0

50.0

30 Jun 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 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$

/ 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 4,633

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$

/ 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

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$

/ to

nne

Nickel

48.3

45.446.0

44.2

41.6 41.8

44.5

48.5

47.6

44.4

45.9

43.7

49.7

46.8

47.6

45.7

42.5

44.3

47.0

50.9

49.9

46.8

48.0

46.0

40

42

44

46

48

50

52

30 Jun 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep

US$

/bbl

Crude Petroleum

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

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1,001.0

1,084.01,094.0 1,094.0

1,145.0

1,148.0

1,148.0

1,108.0

1,079.0

1,054.0

1,075.0

1,034.0

900.0

950.0

1,000.0

1,050.0

1,100.0

1,150.0

1,200.0

30 Jun 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep

US$

/oz

Platinum

Commodity Price Trends

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

320.0

300.0

280.0270.0

230.0

200.0

230.0240.0 240.0 240.0

220.0

300.0

280.0

260.0250.0

220.0

180.0

210.0220.0 220.0 220.0

200.0

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 15 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

41.042.0

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$

/dm

tu

Iron Ore

18.5

19.7

20.3

19.7

20.3

20.0

20.2

19.2

18.8

19.2

19.5

19.0

17.5

18.0

18.5

19.0

19.5

20.0

20.5

30 Jun 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep

US$

/oz

Silver

43.1

43.5

42.7

42.5

43.2 43.1

43.5

43.3

42.4

42.6

42.8

42.5

41.8

42.0

42.2

42.4

42.6

42.8

43.0

43.2

43.4

43.6

43.8

30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep

US$

/oz

Gold

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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

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MITI ProgrammeBrazil Business Delegation to MITI

19 September 2016

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Working Visit by Minister of International Trade and Industry (MITI) to Jakarta, Indonesia

18 September 2016

MITI Programme

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MITI ProgrammeMITI Secretary General’s Visit to Samalaju Industrial Park, Sarawak

16 September 2016

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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.

Source : Department of Statistics, Malaysia

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AnnouncementFinal Administrative Review Determination of an Anti-Dumping Duty With Regard to The Imports of Cellulose Fibre Reinforced Cement Flat and Pattern Sheets Originating or Exported From Thailand in Respect of Mahaphant Fibre-Cement Public Company Limited

14 September 2016 - The Government of Malaysia has conducted and completed an administrative review of an anti-dumping duty with regard to the imports of cellulose fibre reinforced cement flat and pattern sheets (FCB) from Mahaphant Fibre-Cement Public Company Limited (Mahaphant), Thailand. The administrative review was initiated on 18 March 2016 upon request from Mahaphant for the Government to review the anti-dumping duty imposed on the company effective since 30 March 2014.

In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994, the Government has determined that the dumping margin has changed for import of FCB from Mahaphant. Therefore, the anti-dumping duty imposed on Mahaphant has now been revised from 31.14% to 19.74%. The Royal Malaysian Customs will enforce collection of the revised anti-dumping duty from 14 September 2016 to 29 March 2019.

Interested parties, i.e. domestic producers, importers, foreign producers/exporters and associations related to the investigation, can have access to the non-confidential version of the public report of the Final Determination by submitting a written request to the Ministry of International Trade and Industry (MITI) as follows:

DirectorTrade Practices SectionMinistry of International Trade and Industry (MITI)Level 9, Menara MITI, No. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala Lumpur, MALAYSIATelephone Number : (603) 6208 4631Facsimile Number : (603) 6211 4429

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MITI @ Your Service

Muhammad Sabri SallehHead of Strategic [email protected]

Muhd Nor Aswadi Md NorSenior Public Relations Officer

Mohd Faisal Mohd AminDesigner

Selvarani SiniahPublic Relations Officer

Norsahirah MansorAdministrative Assistant

Nur Alia Shamsul HidzryAssistant Public Relations Officer

Faiq AdnanAssistant Director

Jamaliah Abdul RahmanAdministrative Assistant

Ananda Raj a/l PunjawaleyAdministrative Assistant

#StrategicCommunicationTeam

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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

“Every action, thought, and feeling is motivated by an intention, and that intention is a cause that exist as one with an effect. If we participate in the cause, it is not possible for us not to

participate in the effect. In this most profound way, we are held responsible for our every action, thought, and feeling, which is to say, for our every intention.... It is, therefore, wise for us to become aware of the many intentions that inform our experience, to sort out which intentions produce which effects, and to choose our intentions according to the effects that we desire to produce.”

~ Gary Zukav’s ‘The Seat of the Soul’ as quoted in ‘What I Know for Sure’ by Oprah Winfrey ~