MITIin the News

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MITI in the News

Malaysia’s 2014 trade surplus registered double-digit growth of 16.6 per cent, a remarkable achievement when compared with the negative scenario in 2012 and 2013, says Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed today.

“The growth impetus in exports resulted in a trade surplus of RM83.11 billion, representing Malaysia’s achievement of 17 consecutive years of trade surplus,” he told reporters at the unveiling of “Malaysia’s Trade Performance 2014”, here today.

He said exports in 2014 rose by 6.4 per cent or RM46.14 billion to RM766.13 billion, surpassing the forecast export growth of six per cent in the 2014/2015 Economic Report.

Mustapa noted that the country’s imports increased by 5.3 per cent or RM34.32 billion to RM683.02 billion.Malaysia’s total trade expanded by 5.9 per cent to reach RM1.45 trillion in 2014 compared with RM1.37 trillion in 2013. He said the continued uptrend was supported by stronger than expected export growth.

He said major trading partners that contributed to the growth in trade were Asean countries, which grew by RM14.54 billion or 3.9 per cent.It was followed by the European Union ( + RM8.35 billion or 6.2 per cent), the United States (+ RM8.01 billion or 7.4 per cent) and Australia (+RM7.48 billion or 16.4 per cent).

Other increases were Hong Kong (RM6.05 billion or 14.5 per cent), Taiwan(RM5.94 billion or 11.2 per cent) and followed by China (RM4.54 billion or 2.2 per cent).“Expansion in exports was spurred by higher demand for manufactured products, in particular electrical and electronic (E&E) products and steady demand for commodities,” Mustapa said.

He added that with the exception of export commodities such as palm oil and rubber, other exports to China continued to be sustained.“Higher exports were recorded for E&E products (+RM2.81

Malaysia’s 2014 Trade Surplus Registers Double-Digit Growth

“DRIVING Transformation, POWERING Growth”

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Source : BERNAMA, 06 February 2015

02

billion), petroleum products (+RM685.2 million), transport equipment (+RM242.6 million) and optical and scientific equipment (+RM299.5 million).

“There was also greater demand in emerging markets such as countries in Africa, Central Asia and South Asia,” Mustapa said.He also said there were 16 markets which registered higher exports of over RM1 billion.

They were Singapore, the United States, India, Hong Kong, Australia, Japan, Taiwan, the Netherlands, the Philippines, Korea, Kenya, Germany, Norway, Mexico, the United Kingdom and Vietnam. These countries accounted for 64.7 per cent of Malaysia’s total exports.

On the other hand, trade with the Free Trade Agreement (FTA) countries registered a growth of 3.9 per cent to RM906.6 billion, with exports expanding 4.7 per cent to RM491.35 billion and imports growing at 2.9 per cent to RM415.25 billion.

Trade, Exports Expected To Grow Between 2, 3 Per Cent In 2015 - Mustapa

Malaysia’s trade and exports are expected to grow between two and three per cent next year, says International Trade and Industry Minister Dato’ Sri Mustapa Mohamed.

Mustapa said the modest growth projection was due to the drop in world growth anticipated from 3.8 per cent to 3.5 per cent.“We also face uncertainties created by fluctuations in oil prices and other commodities as well as mixed impact on sectors by the fluctuating exchange rate of the ringgit.

“However, we believe there will be recovery in the oil prices and there are pluses and minuses of the current ringgit performance to our exports,” he said at a briefing on

“Malaysia’s Trade Performance 2014” here Thursday.

Meanwhile, he said, the ministry would accelerate exports programme through digital platforms such as ‘MyExport &

Trade2Media’, ‘eTrade’ and Malaysia External

Trade Development Corp (Matrade)’s portal. On the Trans-Pacific Partnership Agreement (TPPA), Mustapa said the negotiations are ongoing.

“We have reviewed TPPA progress recently and some technical issues are not too difficult to be sorted out but some numbers of political issues need to be cleared,” he said. On Malaysia and Indonesia’s commitment to increase bilateral trade to US$30 billion for 2015, he said both countries were committed to achieve the desired figure.

On another development, Mustapa said, Matrade would organise 116 export-promotion programmes to 46 countries.“Matrade will be involved in organising events to attract local companies to promote their products and services overseas.

“They will co-organise the Malaysia International Halal Showcase, Intrade Malaysia and Malaysian International Furniture Fair and also hold international events such as Arab Health, Semicon West, Kuala Lumpur International Aerospace Business Convention and Gulf Food and Big 5,” he said.

MITI Weekly Bulletin / www.miti.gov.my

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Trade Balance, 2014

Source : Department of Statistics, Malaysia

0.9 0.9 0.9

0.9 0.9

Change % (y-on-y)

External Trade, 2014

Exports ^719,992.4 ^6.2 ^6.4

5.3 11.2

8.5 5.9

83.1 63,727.3

67,692.4 766,128.5

648,694.9 52,600.4

58,499.1 683,016.3

1,368,687.3 1,449,144.8

116,327.7 126,191.5

Imports Total Trade

Nov 2014 Dec 2014

RM MILLION

2014 2013 Change %

(y-on-y) Change %

(m-on-m)

6.4 10.4 9.5 8.7

5.6 4.1 3.6 3.9

9.3

1.1 11.1 9.2

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014

RM m illio n

MALAYSIA

MITI Weekly Bulletin / www.miti.gov.my 03

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Exports

RM92.3 bil. Imports

RM115.5 bil. RM207.9 bil.

14.3% of total Malaysia Trade

Exports

RM108.8 bil. Imports

RM85.7 bil. RM194.5 bil.

Exports

RM82.7 bil. Imports

RM54.7 bil. RM137.5 bil.

Exports

RM64.4 bil. Imports

RM52.3 bil. RM116.7 bil.

Exports

RM766.1 bil. Imports

RM683.0 bil. Total Trade Value

RM1,449.1 bil.(100%)

Total Malaysia

Trade

Imports

RM39.6 bil. RM79.9 bil.

Exports RM40.3 bil.

Top Five Trading Partners, 2014

Source : Department of Statistics, Malaysia Note: Change % (Y-o-Y)

Others include Dual Goods, Goods nes and Transaction below RM5,000

RM billion ₂₀₁₄

2013

-2.1%

7.6%

5.7%

7.7%

-7.9%

Total Imports

2014 : RM683.0 bil.

2013: RM648.7 bil.

Imports by Broad Economic Categories, 2014

379.5 98.2 47.6 92.0 31.5

408.4

96.2

50.3 99.1 0 29.0

100 200 300 400

Intermediate

Goods Capital Goods Consumption

Goods Re-exports Others

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Major Export Products, 2014/2013

Note: Change% (Y-o-Y)

Source : Department of Statistics, Malaysia 05

RM256.1 bil. 8.1% RM237.0 bil.

Electrical and Electronics

RM70.4 bil. 2.9% RM68.4 bil.

Petroleum Products

RM64.3bil. 7.9% RM59.6 bil.

LNG 8.5%

RM51.5 bil. RM47.5 bil.

Chemicals & Chemical Products

RM47.0 bil. 2.3% RM45.9 bil.

Palm Oil

Major Import Products, 2014/2013

RM190.8 bil. 6.2% RM179.6 bil.

Electrical and Electronics

RM80.0bil. 8.7% RM73.7bil.

Petroleum Products

11.2%

RM62.1 bil. RM55.9 bil.

Chemicals & Chemical Products Machinery,appliances & parts

RM57.1bil. 4.6% RM54.6 bil.

RM41.7 bil. 2.6% RM40.7 bil.

Manufactures of Metal

2014 2013

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Import From Selected FTA Partners, 2010-2014

Total Trade with Selected FTA Partners, 2010-2014 Export to Selected FTA Partners, 2010-2014

2010 2011 2012 2013 2014

ASEAN 162.2 171.6 188.2 201.6 213.6

AUSTRALIA 24.0 25.7 29.1 29.2 33.0

JAPAN 66.8 81.4 83.4 79.2 82.7

NEW ZEALAND 3.0 3.0 3.6 4.4 5.2

P.R. CHINA 80.1 91.6 88.8 97.0 92.3

0 50 100 150 200 250

RM billion

2010 2011 2012 2013 2014

ASEAN 143.29 159.49 169.27 172.86 175.45

AUSTRALIA 10.19 12.81 14.61 16.49 20.23

JAPAN 66.53 65.36 62.37 56.36 54.75

NEW ZEALAND 1.97 2.41 2.42 2.74 2.92

P.R. CHINA 66.43 75.71 91.86 106.26 115.50

0 50 100 150 200 250

RM billion

2010 2011 2012 2013 2014

ASEAN 305.4 331.1 357.5 374.5 389.0

AUSTRALIA 34.2 38.5 43.7 45.7 53.2

JAPAN 133.3 146.7 145.8 135.6 137.5

NEW ZEALAND 5.0 5.4 6.0 7.1 8.2

P.R. CHINA 146.5 167.3 180.7 203.3 207.9

0 100 200 300 400

RM billion

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07

Total Revenue 2014 RM222.1bil.

Total Revenue 2013 RM217.5 bil.

Federal Government Revenue

Companies Taxes, RM65.7b, 29.6%

Individuals Taxes, RM28.7b, 12.9%

Petroleum Taxes, RM28.3b, 12.7%

Withholding &

Others Taxes, RM2.5b, 1.1%

Others Direct Taxes, RM7.5b, 3.4%

Indirect Taxes, RM38.8b, 17.5%

Non-Tax Revenue, RM50.6b, 22.8%

2014*

Companies Taxes,

RM60.4b, 27.8% Individuals Taxes, RM26.4b, 12.1%

Petroleum Taxes, RM30.5b, 14.0%

Withholding &

Others Taxes, RM2.3b, 1.1%

Others Direct Taxes, RM7.0b, 3.2%

Indirect Taxes, RM36.5b, 16.8%

Non-Tax Revenue, RM54.4b, 25.0%

2013

Source : http://www.treasury.gov.my/pdf/percukaian/penerbitan/buku_anggaran_hasil_kerajaan_persekutu- Note: * Estimate by Ministry of Finance, Malaysia

Indirect Taxes includes Export duties, Import Duties, Excise duties, Sales Tax, Services Tax, Goods and Services Tax and others

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Total Operating Expenditure 2013 RM221.3bil.

Total Operating Expenditure 2014 RM221.1bil.

Components of Federal Government Operating Expenditure

Emolument, RM65.4b, 29.6%

Pension &

Gratuities, RM16.2b, 7.3%

Debt Service Charges, RM23.2b, 10.5%

Supplies & Services, RM36.4b, 16.5%

Grants & Tranfers to State Governments ,

RM6.7b, 3.0%

Subsidies, RM40.6b, 18.3%

Others, RM32.7b, 14.8%

2014*

Emolument, RM61.0b, 28.9%

Pension &

Gratuities, RM14.8b, 7.0%

Debt Service Charges, RM20.8b, 9.8%

Supplies & Services, RM33.9b, 16.0%

Grants & Tranfers to State Governments ,

RM6.0b, 2.9%

Subsidies, RM43.3b, 20.5%

Others, RM31.4b, 14.9%

2013

Source : http://www.treasury.gov.my/pdf/percukaian/penerbitan/buku_anggaran_hasil_kerajaan_persekutu- Note: * Estimate by Ministry of Finance, Malaysia

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“ASEAN and You”

Thailand:

MITI’s ASEAN Portal can be access via http://www.miti.gov.my/cms/aec2015.jsp.

Sources:Bank of Thailand, Ministry of Commerce Thailand, Tradingeconomics,http://en.wikipedia.org and www.worldometers.info/world-population/thailand-population/

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Key Economic Indicators Thailand

Trade With Malaysia, 2005 - 2014

7,590.7

12,304.7

6,036.3

12,114.0

1,554.4 190.6

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Export Import Trade Balance USD Mil.

National Account Growth Rate GDP

0.6% ( Q2 2014)

External Trade

(Q4 2014)

Exports: US$ 57,517.8 mil.

Imports: US$ 55,977.0 mil.

Total Trade:US$ 113,494.8 mil.

Prices

Inflation Rate -0.41% (Jan 2015)

Financial Account

(Q3 2014) Net Foreign Direct Investment

US$ 3,928.8 mil.

Labour

Unemployment Rate 0.6% (Dec 2014)

Area

513,120 km2 198,115 sq mi

Population

Total Population 67,222,972

2014 estimate

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Save the Date...

ASEAN-OECD Conference And Meetings On Good Regulatory Practice

The government of Malaysia, as the 2015 Chair of ASEAN together with the Organisation for Economic and Co operation Development (OECD) as its knowledge partner will host three events on 9-12 March 2015 to assist embedding Good Regulatory Practice (GRP) across ASEAN in 2015:

Monday 9 March 2015: ASEAN OECD Centres of Government Meeting (by invitation)

Hosted by the Chief Secretary to the Government of Malaysia, this high level meeting will focus on the role of GRP to drive more responsive public administration. The meeting will bring together the Heads of Public Administrations, Prime Minister’s Offices, Cabinet Secretaries, and Secretaries-General of the Government from across ASEAN and OECD countries.

Tuesday 10 – Wednesday 11 March 2015: ASEAN-OECD GRP

Conference

The conference will provide a high-level platform to initiate a broader agenda on GRP within ASEAN that can support closer intra- and inter-regional connectivity and economic integration. The conference will bring together government officials and regulators from AMS and OECD countries, representatives of business and civil society, academia, regional and international organisations.

Thursday 12 March: ASEAN OECD Good Regulatory Practices Network Meeting (by invitation)

Chaired by Malaysia and New Zealand, this meeting will provide a government-to- government discussion on advancing the GRP agenda nationally as well as regionally. The meeting will bring together senior officials responsible for GRP initiatives in individual AMS, with the support of OECD peers.

More detailed information, including an agenda, invite and registration forms will be forthcoming in early 2015. For further information please contact: [email protected]

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Source: Department of Statistics Singapore

International Report

Singapore Economic Indicators

RIS Portal: ris.mpc.gov.my Email: [email protected]

Transformation . Innovation . Partnership

^“DRIVING

Transformation, POWERING Growth”

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Source:www.statista.com

Leading cities in international visitor spending worldwide in 2014

City International Visitor

Spending (US $ bil)

12

London 19.27

New York 18.57

Paris 17.02

Singapore 14.34

Bangkok 13.04

Seoul 11.51

Barcelona 11.25

Dubai 10.95

Taipei 10.81

Istanbul 9.38

Hong Kong 8.28

Kuala Lumpur 8.08

Los Angeles 7.84

Tokyo 7.37

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“DRIVING Transformation, POWERING

Source : http://econ.worldbank.org

2.90 3.00 3.10 3.20 3.30 3.40 3.50 3.60 3.70

3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60

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

2014 2015

1 EUR = RM 1 USD = RM

1 USD = RM 3.58

1 EUR = RM 4.17

Source : http://www.gold.org/investments/statistics/gold_price_chart/ Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

Malaysian Ringgit Exchange Rate with Euro and US Dollar

Gold and Silver Prices, 21 November 2014 - 6 February 2015

Aluminum, Nickel and Copper Prices, January 2014 - January ²⁰¹⁵

Source : Bank Negara, Malaysia

1,815 5,831 14,849

- 2,500 5,000 7,500 10,000 12,500 15,000 17,500 20,000

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

2014 2015

US$/mt

Aluminum Copper Nickel

38.5 39.9

36.0 37.0 38.0 39.0 40.0 41.0 42.0 43.0

21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb

US$/Gram Gold

16.4

16.7

14.5 15.0 15.5 16.0 16.5 17.0 17.5 18.0 18.5

US$/Oz Silver

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Source: Ministry of International Trade and Industry, Malaysia

Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Leichtenstein 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)

2010 2011 2012 2013 2014

AANZFTA 2,774 3,896 4,177 4,298 5,104

AIFTA 2,265 4,370 5,856 5,155 11,005

AJCEP 2,027 2,733 3,171 3,790 5,086

- 2,000 4,000 6,000 8,000 10,000 12,000

RM Million

2010 2011 2012 2013 2014

ATIGA - - 57,283 50,858 124,380

ACFTA 14,251 20,886 23,436 36,335 42,863

AKFTA 15,911 13,586 21,034 18,537 21,865

- 20,000 40,000 60,000 80,000 100,000 120,000 140,000

RM Million

2010 2011 2012 2013 2014

MICECA - 10 99 406 11,619

MNZFTA 2 4 4 244 10

MCFTA - - 160 445 1,341

MAFTA - - 39 1,087 2,130

- 2,000 4,000 6,000 8,000 10,000 12,000

RM Million

2010 2011 2012 2013 2014

AANZFTA 38,550 47,387 60,923 68,381 44,228

AIFTA 11,917 19,048 28,408 30,472 26,851

AJCEP 8,468 8,449 9,454 13,743 11,059

ATIGA 263,139 301,408 223,542

ACFTA 37,398 47,097 59,758 72,931 69,519

AKFTA 24,874 29,419 35,094 37,772 40,359

MICECA 67 693 2,884 14,248

MNZFTA 29 74 65 865 383

MCFTA 1,389 3,712 3,088

MAFTA 467 15,820 19,282

MJEPA 45,385 46,924 51,134 56,771 43,075

MPCEPA 6,872 7,229 7,168 8,738 7,731

GSP 209,868 254,806 7,287

2010 2011 2012 2013 2014

MJEPA 7,755 10,805 10,911 8,385 9,215

MPCEPA 5,574 6,814 4,469 4,186 2,511

GSP - - 35,862 95,810 2,204

- 20,000 40,000 60,000 80,000 100,000 120,000

RM Million

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)

Number of Certificates

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Commodity Prices

Commodity Crude Petroleum (per bbl)

Crude Palm Oil (per MT)

Sugar Raw (per MT)

Rubber SMR 20 (per MT)

Cocoa SMC 2 (per MT)

(per MT)Coal

Scrap Iron HMS**

(per MT)

6 Feb 2015

(US$) 51.7 621.0 324.3 1,418.5 2003.9 51.1 280 (high)

250 (low)

% change* 7.2 3.7 2.1 2.5 2.3 2.3 n.a

n.a

2014ⁱ 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0

2013ⁱ 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6

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 February 2015) US$51.7 per bbl

13 June 2014: 107.62014 2014

26 Dec 2014: 54.6 2 Jan 2015: 53.82015 2015

30 Jan 2015: 44.7

Lowest (US$ per MT) Highest

(US$ per MT)

Crude Palm Oil (6 February 2015)

US$621.0 per MT

14 Mar 2014: 982.52014 2014

26 Dec 2014: 664.0 16 Jan 2015: 701.02015 2015

6 Feb 2015: 621.0

Steel Bars

(per MT) RM1,850 - RM1,950

Average Domestic Prices, 6 Feb 2015

Billets

(per MT) RM1,500 - RM1,600

15

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1525.0 1,513.0

1,481.0

1,436.5 1,481.0

1,470.5 1,520.5

1,453.0

1,396.5 1,406.0

1,384.5 1,418.5

1,350 1,370 1,390 1,410 1,430 1,450 1,470 1,490 1,510 1,530 1,550

US$/mt

Rubber SMR 20

337.8

314.5 322.0

319.8

314.8 314.0 309.3

301.8 335.3

345.5

331.3

324.3

280 290 300 310 320 330 340 350 360

US$/mt

Raw Sugar

53.0

53.1 52.8 52.8

51.7 51.8

51.8 53.5

51.6 51.1

49.9 51.1

48.0 49.0 50.0 51.0 52.0 53.0 54.0

US$/mt

Coal

128.1 121.4

111.8 114.6

100.6

92.7 96.192.6 82.4

81.0

74.0 68.0 68.0

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

2014 2015

US$/dmtu

Iron Ore 720.0 716.0

700.5

681.5 669.0

664.0 699.2

696.1 701.0

682.0

645.0

621.0 600

620 640 660 680 700 720 740

US$/mt

Crude Palm Oil

2,351.7 2,326.7

2,326.7

2,218.8 2,288.1

2,280.4 2,280.4

2,117.5 2,187.8

2,065.2

1,958.9 2,003.9

1,900 1,950 2,000 2,050 2,100 2,150 2,200 2,250 2,300 2,350 2,400

US$/mt

Cocoa

68.7 66.4

59.1

58.1 56.4 54.6

53.8

48.4 48.7

45.6 48.2

51.7

40 45 50 55 60 65 70 75

US$/bbl

Crude Petroleum

355.0 355.0

320.0 320.0 320.0 320.0 320.0 320.0 320.0 330.0

320.0

280.0 345.0 345.0

300.0 300.0 300.0 300.0 300.0 300.0 300.0 320.0

300.0

250.0 230

250 270 290 310 330 350 370

31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 6 Feb

US$/mt

Scrap Iron

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

* data not available from 16 - 30 Jan 2015

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.

Commodity Price Trends

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SKS Group was started up in 1974 as S. Kian Seng as a furniture business in a modest 5000sq ft. factory producing just office chairs. Today, SKS Group has evolved into a multinational organization with 5 separate specialized brands sited in a 45,000 sq m. world-class factory sitting on 6 acres of land in the prestigious Subang Jaya Idustrial Park in Selangor.

Operating a 250,000sg ft production hub using a systematic production process coupled with cutting edge technology such as robotic assembly, 2D and 3D laser cutting machinery, hydraulic bending machines and efficient processing line-up, SKS Group is able to provide a high-level of consistency in product quality for all their products. In-house R&D engineering teams with computer-aided facilties also allow SKS Group a large production capacity and fast turnaround time. With easy accessibility to KLIA airport, Port Klang Seaport and KL City Centre products can be shipped to any location in the world with the greatest speed and efficiency.

PENETRATING THE GLOBAL MARKET

Business Development is a core component at SKS.

Recognising the importance of growing expanding into unchartered frontiers, new opportunities and platforms began to emerge for the Group. With the assistance of MATRADE, the Group participated in many international trade fairs and trade missions that MATRADE organised annually in strategic locations around the world. Their participation has given birth to a platform for international presence.

Every year, these trade missions gave SKS Group a platform to explore new opportunities, gain vital experiences and network connections, as well as share the immense wealth of knowledge in their own operations.

Through research, risk assessment and wide exposure, SKS Group was able to increase their capital investment, look into significant product expansion and build a wide network of reliable sources. SKS group was able to benefit from MATRADE efforts in coordinating with government bodies and participating actively in such trade mission gives a tremendous boost to many Malaysian companies such as SKS group – in terms of credibility and international playing fields.

The Group has put in place an environmental management programme that complies with all relevant environmental legislation rules and regulations prescribed by the cities, states and the Government. The specific management programme is vital to ensure prevention and reduction of pollution in manufacturing and other related processes, to safeguard an adverse impact on the environment. SKS group is moving towards ISO 14000 and have set its objective to achieve it by year 2014.

S. KIANG SENG SDN BHD

Success Story

Address: Lot 801, Jalan Subang 5, Taman Perindustrian Subang, 47500 Subang Jaya, Selangor Tel. Number: (603) 5636 1118 Fax Number: (603) 5636 1113 Email: [email protected]

Contact Us

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MITI Programme

Lawatan Menteri MITI ke Pangkalan Kubor, Kelantan 3 Februari 2015

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“Quote of the day”

Ralph Waldo Emerson (1803-1882), American essayist, lecturer and poet.

“To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.”

Announcement

1 May-31 October 2015

19

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MITIin the News

MITI in the News

Malaysia’s 2014 trade surplus registered double-digit growth of 16.6 per cent, a remarkable achievement when compared with the negative scenario in 2012 and 2013, says Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed today.

“The growth impetus in exports resulted in a trade surplus of RM83.11 billion, representing Malaysia’s achievement of 17 consecutive years of trade surplus,” he told reporters at the unveiling of “Malaysia’s Trade Performance 2014”, here today.

He said exports in 2014 rose by 6.4 per cent or RM46.14 billion to RM766.13 billion, surpassing the forecast export growth of six per cent in the 2014/2015 Economic Report.

He added that with the exception of export commodities such as palm oil and rubber, other exports to China continued to be sustained.“Higher exports were recorded for E&E products (+RM2.81

Malaysia’s 2014 Trade Surplus Registers Double-Digit Growth

billion), petroleum products (+RM685.2 million), transport equipment (+RM242.6 million) and optical and scientific equipment (+RM299.5 million).

“There was also greater demand in emerging markets such as countries in Africa, Central Asia and South Asia,” Mustapa said.He also said there were 16 markets which registered higher exports of over RM1 billion.

They were Singapore, the United States, India, Hong Kong, Australia, Japan, Taiwan, the Netherlands, the Philippines, Korea, Kenya, Germany, Norway, Mexico, the United Kingdom and Vietnam. These countries accounted for 64.7 per cent of Malaysia’s total exports.

On the other hand, trade with the Free Trade Agreement (FTA) countries registered a growth of 3.9 per cent to RM906.6 billion, with exports expanding 4.7 per cent to RM491.35 billion and imports growing at 2.9 per cent to RM415.25 billion.

Trade, Exports Expected To Grow Between 2, 3 Per Cent In 2015 - Mustapa

Malaysia’s trade and exports are expected to grow between two and three per cent next year, says International Trade and Industry Minister Dato’ Sri Mustapa Mohamed.

Mustapa said the modest growth projection was due to the drop in world growth anticipated from 3.8 per cent to 3.5 per cent.“We also face uncertainties created by fluctuations in oil prices and other commodities as well as mixed impact on sectors by the fluctuating exchange rate of the ringgit.

“However, we believe there will be recovery in the oil prices and there are pluses and minuses of the current ringgit performance to our exports,” he said at a briefing on

“Malaysia’s Trade Performance 2014” here Thursday.

Meanwhile, he said, the ministry would accelerate exports programme through digital platforms such as ‘MyExport &

Trade2Media’, ‘eTrade’ and Malaysia External

Trade Development Corp (Matrade)’s portal. On the Trans-Pacific Partnership Agreement (TPPA), Mustapa said the negotiations are ongoing.

On another development, Mustapa said, Matrade would organise 116 export-promotion programmes to 46 countries.“Matrade will be involved in organising events to attract local companies to promote their products and services overseas.

“They will co-organise the Malaysia International Halal Showcase, Intrade Malaysia and Malaysian International Furniture Fair and also hold international events such as Arab Health, Semicon West, Kuala Lumpur International Aerospace Business Convention and Gulf Food and Big 5,” he said.

Trade Balance, 2014

0.9

0.9 0.9

0.9 0.9

0.9 0.9

Change % (y-on-y)

External Trade, 2014

Exports 719,992.4 6.2 6.4

5.3 11.2

8.5 5.9

83.1

63,727.3

67,692.4 766,128.5

648,694.9 52,600.4

58,499.1 683,016.3

1,368,687.3 1,449,144.8

116,327.7 126,191.5

Imports Total Trade

Nov 2014 Dec 2014

RM MILLION

2014 2013 Change %

(y-on-y) Change %

(m-on-m)

6.4

10.4 9.5 8.7

5.6 4.1 3.6 3.9

9.3

1.1

11.1 9.2

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014

RM m illio n

MALAYSIA

Exports

RM92.3 bil. Imports

RM115.5 bil. RM207.9 bil.

Exports

RM108.8 bil. Imports

RM85.7 bil. RM194.5 bil.

Exports

RM82.7 bil. Imports

RM54.7 bil. RM137.5 bil.

Exports

RM64.4 bil. Imports

RM52.3 bil. RM116.7 bil.

Exports

RM766.1 bil. Imports

RM683.0 bil. Total Trade Value

RM1,449.1 bil.(100%)

Total Malaysia

Trade

Imports

RM39.6 bil. RM79.9 bil.

Exports RM40.3 bil.

Top Five Trading Partners, 2014

Total Imports

2014 : RM683.0 bil.

2013: RM648.7 bil.

Imports by Broad Economic Categories, 2014

379.5 98.2 47.6 92.0 31.5

Exports ^719,992.4 ^6.2 ^6.4