Kuala Lumpur – Malaysia as the 2015 Chair of the ASEAN hosted the ASEAN-OECD Good Regulatory Pracces Conference (GRP) to support sustainable and inclusive economic development and to pursue closer regional and internaonal economic integraon through transparency and responsive regulaons. The conference is aimed at building a common understanding among ASEAN Member States of the crical role of good regulatory pracce in encouraging closer global and regional economic integraon on a non- Good Regulatory Practice as a priority for the ASEAN Economic Community discriminatory basis, and support sustainable and inclusive development. The Malaysian Government has made GRP a key priority during its Chair of ASEAN in 2015 to reflect the importance of having regional regulatory convergence. Minister of Internaonal Trade and Industry, Dato’ Sri Mustapa Mohamed said that improving efficiency of policy and regulatory processes is one of the key drivers idenfied to enhance producvity among ASEAN Member States. “This will substanally reduce the regulatory burden on businesses by improving the quality of exisng regulaons and ensuring the quality of new regulaons”, he said. “The implementaon of Good Regulatory Pracce is systemic, involving both top-down and boom-up engagement. The emphasis is on transparency and accountability through public consultaon and engagement with stakeholders and pares that will be affected by the changes, or introducon, of regulaons and policies.” “The success of public-private sectors collaboraon in implemenng regulatory reforms is reflected in Malaysia’s posive performance in the World Bank Doing Business 2015 report, where Malaysia is ranked 18th for the ease of doing business among 189 economies.” He said during his speech at opening of ASEAN-OECD Good Regulatory Pracces Conference 2015. MITI Weekly Bulletin / www.miti.gov.my 01
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Kuala Lumpur – Malaysia as the 2015 Chair of the ASEAN hosted the ASEAN-OECD Good Regulatory Practices Conference (GRP) to support sustainable and inclusive economic development and to pursue closer regional and international economic integration through transparency and responsive regulations.
The conference is aimed at building a common understanding among ASEAN Member States of the critical role of good regulatory practice in encouraging closer global and regional economic integration on a non-
Good Regulatory Practice as a priority for the ASEAN Economic Community
discriminatory basis, and support sustainable and inclusive development. The Malaysian Government has made GRP a key priority during its Chair of ASEAN in 2015 to reflect the importance of having regional regulatory convergence.
Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamed said that improving efficiency of policy and regulatory processes is one of the key drivers identified to enhance productivity among ASEAN Member States.
“This will substantially reduce the regulatory burden on businesses by improving the quality of existing regulations and ensuring the quality of new regulations”, he said.“The implementation of Good Regulatory Practice is systemic, involving
both top-down and bottom-up engagement. The emphasis is on transparency and accountability through public consultation and engagement with stakeholders and parties that will be affected by the changes, or introduction, of regulations and policies.”
“The success of public-private sectors collaboration in implementing regulatory reforms is reflected in Malaysia’s positive performance in the World Bank Doing Business 2015 report, where Malaysia is ranked 18th for the ease of doing business among 189 economies.” He said during his speech at opening of ASEAN-OECD Good Regulatory Practices Conference 2015.
MITI Weekly Bulletin / www.miti.gov.my 01
Source : MITI, 9 March 2015
Source : MITI, 10 March 2015
The Government is putting in place a comprehensive roadmap to enhance the nation’s exports amid uncertainties in the global market. The roadmap planned by the National Export Council (NEC) encompasses initiatives that will:
i. address the gaps in the export eco-system; ii. deepen market access for exporters through market linkers, industry specialists and specialised promotion programmes;iii. internationalise and develop resilient Small and Medium exporters via customised programmes such as Go-Ex; iv. ram up exports through champions and Mid-Tier companies; and v. improve the coordination of export promotion programmes among export-related government agencies.
These strategic action plans will be aligned with sectors targeted under the Government’s 11th Malaysia Plan and the National Key Economic Areas (NKEA). The Council intends to enhance exports through better facilitation including:
i. improving processes, procedures, regulations and documentation for exports; ii. infrastructure; iii. certification requirement; andiv. logistics.
Some of these initiatives will be implemented through the National Logistics Task Force that has been established. It is also inclusive whereby needs of the SMEs in exports will also be looked into. SMEs play an important role in contributing to the nation’s exports. Contribution by SMEs to export is still relatively small at 16.9% and is earmarked to grow to a target of 25% by 2020. For Mid-Tier Companies (MTCs) Development Programme, selected Mid-Tier companies will receive customised assistance to enhance their market access worldwide and to strengthen their export capabilities. Trends and developments in the digital world create new marketing channels in the e-space.
The Government will continue to provide the enabling environment and support for Malaysian companies, especially SMEs to adopt this mode of doing business. Among the initiatives that have been introduced include the eTrade programme, a collaborative effort between MATRADE and Multimedia Development Corporation (MDeC). This Programme will provide greater visibility for SMEs through leading international e-marketplaces to generate export growth.
In addition, the Government will enhance efforts to brand Malaysia and to secure acceptability for Malaysian products and services in international markets.
National Export Council - A Catalyst To Propel Malaysia’s Exports
Dato’ Sri Mustafa also launched the OECD Report, “Implementing Good Regulatory Practice in Malaysia”. The report highlights Malaysia’s achievement in the first 15 months of implementation of National Policy on the Development and Implementation of Regulations (NPDIR).
MITI Weekly Bulletin / www.miti.gov.my 02
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Source : Department of Statistics, Malaysia
Trade in Goods , Jan 2014 - Jan 2015MALAYSIA
9.0
0
2
4
6
8
10
12
0
10
20
30
40
50
60
70
80
90
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Malaysian Ringgit Exchange Rate with US Dollar and Pound Sterling
Gold Prices, 19 December 2014 - 6 March 2015
Silver Prices, 19 December 2014 - 6 March 2015
Source : Bank Negara, Malaysia
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin / www.miti.gov.my 09
38.4
37.8
36.0
37.0
38.0
39.0
40.0
41.0
42.0
43.0
19
Dec
26 D
ec
2 Ja
n
9 Ja
n
16 Ja
n
23 Ja
n
30 Ja
n
6 Fe
b
13 F
eb
20 F
eb
27 F
eb
6 M
ar
US$/Gram Gold
16.1
15.9
14.5
15.0
15.5
16.0
16.5
17.0
17.5
18.0
18.5
19
Dec
26 D
ec
2 Ja
n
9 Ja
n
16 Ja
n
23 Ja
n
30 Ja
n
6 Fe
b
13 F
eb
20 F
eb
27 F
eb
6 M
ar
US$/Oz Silver
Source: Ministry of International Trade and Industry, Malaysia
Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Belarus and Cambodia.
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)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)
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 MarAANZFTA 115 76 86 90 87 92 74 89AIFTA 110 132 139 143 120 240 122 126AJCEP 136 75 75 75 104 116 72 55
0
50
100
150
200
250
300
RM
mill
ion
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 MarATIGA 561 4,904 546 773 631 11,127 9,861 4,055ACFTA 306 303 464 562 505 533 165 865AKFTA 656 166 184 327 1,064 487 592 1,795
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
RM
mill
ion
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 MarMICECA 44.94 39.93 65.37 43.02 58.35 47.23 40.80 132.78MNZFTA 0.31 0.09 0.08 0.52 0.25 0.08 0.02 0.13MCFTA 12.17 24.98 9.42 14.72 7.43 8.30 5.61 9.29MAFTA 28.88 96.36 42.20 40.95 27.65 51.15 25.27 36.27
0
20
40
60
80
100
120
140
RM
mill
ion
11 Jan 2015 18 Jan 2015 25 Jan 2015 1 Feb 2015 8 Feb 2015 15 Feb 2015 22 Feb 2015 1 Mar 2015
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
Source : 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, 2014/2015
Lowest (US$ per bbl)
Highest(US$ per bbl)
Crude Petroleum (6 March 2015)US$49.6 per bbl
201413 June 2014: 107.6
201426 Dec 2014: 54.6
20152 Jan 2015: 53.8
201523 Jan 2015: 45.6
Lowest (US$ per MT)
Highest(US$ per MT)
Crude Palm Oil (6 March 2015)
US$692.5 per MT
201414 Mar 2014: 982.5
201426 Dec 2014: 664.0
201516 Jan 2015: 701.0
20156 Feb 2015: 621.0
Steel Bars(per MT)
RM1,900 - RM2,000
Average Domestic Prices, 27 Feb 2015
Billets(per MT)
RM1,500 - RM1,600
Source : Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
Commodity Price Trends“D
RIV
ING
Transform
ation, PO
WER
ING
Grow
th”
MITI Weekly Bulletin / www.miti.gov.my12
19,207
18,946
19,097 20,402
20,798
20,916
21,890
24,693 25,215
26,159 26,592
27,282
27,202 26,176
26,500
15,000
17,000
19,000
21,000
23,000
25,000
27,000
29,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2014 2015
RM/
tonn
e
Pepper
* until 9 March 2015
56.4
54.653.8
48.4
48.7
45.6
48.2
51.752.8
50.849.8 49.6
40
42
44
46
48
50
52
54
56
58
19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar
US$
/bbl
Crude Petroleum
2,288.1
2,280.4
2,280.4
2,117.5
2,187.8
2,065.2
1,958.9
2,003.9
2,060.0
2,113.72,124.6
2,110.4
1,900
1,950
2,000
2,050
2,100
2,150
2,200
2,250
2,300
2,350
19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar
US$
/mt
Cocoa
314.8 314.0309.3
301.8
335.3
345.5
331.3
324.3
330.0326.8
310.8
300.5
280
290
300
310
320
330
340
350
360
19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar
US$
/mt
Raw Sugar
669.0
664.0
699.2
696.1
701.0
682.0
645.0
621.0
685.0 690.0 689.0692.5
600
620
640
660
680
700
720
19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar
US$
/mt
Crude Palm Oil
1,481.0
1,470.5
1,520.5
1,453.0
1,396.5
1,406.0
1,384.5
1,418.51,426.5
1,419.5
1,438.0
1,412.0
1,350
1,370
1,390
1,410
1,430
1,450
1,470
1,490
1,510
1,530
19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar
US$
/mt
Rubber SMR 20
Source : 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“D
RIV
ING
Transform
ation, PO
WER
ING
Grow
th”
MITI Weekly Bulletin / www.miti.gov.my13
51.7 51.8 51.8
53.5
51.651.1
49.9
51.1
56.156.9 56.8
57.7
48.0
50.0
52.0
54.0
56.0
58.0
60.0
19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar
US$
/mt
Coal
128.1
121.4
111.8
114.6
100.6
92.7
96.192.6
82.4 81.0
74.068.0 68.0
63.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
130.0
140.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2014 2015
US$
/dm
tu
Iron Ore
14,101 14,204
15,678
17,374
19,401
18,629 19,118
18,600 18,035
15,812 15,807
15,962
14,849 14,574
12,000
13,000
14,000
15,000
16,000
17,000
18,000
19,000
20,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2014 2015
RM/
tonn
e
Nickel
320.0 320.0 320.0 320.0 320.0 320.0 320.0
330.0
320.0
280.0 280.0
260.0
300.0 300.0 300.0 300.0 300.0 300.0 300.0
320.0
300.0
250.0 250.0
240.0
220
240
260
280
300
320
340
360
14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 6 Feb 13 Feb 27 Feb
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
* data not available from 16 - 30 Jan, and 20 Feb 2015
1,727
1,695 1,705
1,811
1,751
1,839
1,948
2,030 1,990
1,946
2,056
1,909
1,815
1,818
1,500
1,600
1,700
1,800
1,900
2,000
2,100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2014 2015
RM/
tonn
e
Aluminium
* until 9 March 2015
7,291
7,149
6,650 6,674
6,891
6,821
7,113 7,002
6,872
6,737
6,713
6,446
5,831
5,729 5,500
5,700
5,900
6,100
6,300
6,500
6,700
6,900
7,100
7,300
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2014 2015
RM/
tonn
e
Copper
* until 9 March 2015
Majulah Koko Tawau Sdn Bhd was founded in the early 1970s, and went on to become a vertically integrated cocoa company producing cocoa butter and cocoa poder in 1976. Majulah Koko was in fact the second cocoa factory that was established and operating in Malaysia in the early 70s, when growing cocoa was still a rather new industry and field that was volatile and unpredictable. Nevertheless, the company found overwhelming success in the industry, both as a pioneer cocoa grower and exporter. Majulah Koko is the only cocoa factory in East Malaysia, and is affiliated with renowned brands such as Nestle, Cadbury, M&M’s, Mars Bars, Gerkens and EDF & Man. Now known as the purest cocoa product in the world, Majulah Koko products are of pure cocoa powder, medium and high fat cocoa powder and cocoa butter are no strangers to the cocoa industry. Under its in-house brand name of Hoko, the company even manufactures natural cocoa soap, cocoa shower gel, chocolate cereals, chocolate drinks and 3-in-1 instant beverages.
MAJULAH KOKO – ADVANCING IN THE COCOA INDUSTRY.
Majulah Koko processes cocoa beans from their own cocoa plantations, which are at their state-of-the-art processing plants in Tawau, Sabah. This plant is reputedly one of the most efficient cocoa processing plants in Asia. The company has been making, marketing and selling cocoa products for almost 37 years to reputable international buyers such as Nestle and Novartis, the makers of Milo and Ovaltine respectively under their original equipment manufacturing arm. To support its
extensive growth and demands, the company has highly qualified, well motivated staff and technicians who are equipped with substantial knowledge and advanced technical expertise and skills to meet the growing needs of their domestic and international buyers, for products ranging from customised orders to standard products alike. Majulah Koko range of products cover uniquely roasted high quality cocoa liquor, cocoa powder and its signature product, pure cocoa butter with a high melting point that attracts international buyers worldwide. The company owes its success in overcoming the recession and economic crises that affected millions worldwide, to its consistency in practicing a thrifty policy, both in terms of recruitment and expenditure. As quality is and will always remain a top priority at Majulah Koko, the company continues to provide only the best for all services and end products produced for customers.
Success StoryMAJULAH KOKO TAWAU SDN BHD
FINDING STRENGTH IN MATRADE SUPPORT.
Majulah Koko actively participates in MATRADE trade fairs and trade missions overseason a regular basis. The company is gratefulfor the Market Development Grant (MDG) provided by MATRADE – that has considerably lessened their burden in ex-panding theirnetwork overseas. Majulah Koko sees MATRADE as a government agency which is necessary and vital to the growthof Malaysian home-grown companies that are seeking to expand and penetrate into relevant export markets today. Through their participation in various MATRADE exhibitions, Majulah Koko has managed to close significant deals and working partnerships with buyers from well-known backgrounds in the cocoa industry.
Teck Guan Regency,318 Jalan St. Patrick, Off Jalan Belunu,P.O Box 33, 91007 Tawau,Sabah, Malaysia.Tel : 60-89-772277Fax : 60-89-769955Email : [email protected][email protected] Visit their Website : http://WWW.teckguan.com
MITI Programme
Workshop on Logical Framework Approach and Creativity Index (CI) for the Manufacturing Sector, 5-7 March 2015
MITI Minister’s Visit to Samalaju, Bintulu, Sarawak9 March 2015
MITI Weekly Bulletin / www.miti.gov.my15
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