MITI Weekly Bulletin

| www.miti.gov.my

MALAYSIA-SAUDI ARABIA COOPERATION ON TRADE AND INVESTMENT

On 27 February 2017, a Memorandum of Understanding (MoU) was signed by Dato’ Sri Mustapa
Mohamed, the Minister of International Trade and Industry and Dr. Ibrahim Abdulaziz Al-Assaf, State
Minister of Saudi Arabia, on behalf of the country’s Ministry of Commerce and Investment. The MoU
aims to promote cooperation in trade and investment, particularly in five key areas namely healthcare,
construction, education, small and medium enterprises (SMEs) and Halal industry.
The cooperation between the two governments as outlined under the MoU will cover exchange of
information and experience, visits involving experts and professional as well as to host seminar and
meeting sessions to further promote opportunities available in respective countries. The two countries
have also agreed to form a Working Committee under the Malaysia-Saudi Arabia Joint Commission
Meeting tasked to identify and improve understanding on trade and investment issues related to both
countries as well as develop cooperation programmes to further enhance our economic ties.
On the formation of the working group, Dato’ Sri Mustapa Mohamed said, “This is step
forward that we hope will result in more trade between our two countries and further
diversification in imports and exports. Among key areas which we hope to benefit from a
more diversified trade include services, digital economy and tourism sector. Our officials
will be tasked to go into details on what products and services could be further promoted.”
Malaysia and Saudi Arabia continue to enjoy a strong bilateral relation. In 2016, total trade between
our countries was RM14 billion, an increase of 27.8% from the year before. Our exports amounted
to RM3.4 billion while our imports stood at RM10.6 billion. Meanwhile on investment front, Malaysia
has a strong presence in Saudi Arabia’s construction sector with 19 contracts worth RM18.5 billion
awarded to Malaysian companies.
“We would like to thank the Saudi government for the facilitation given to Malaysian companies and
hope that it will continue as our companies continue to participate in the Saudi’s National Transformation
Program 2020 and the Vision 2030”, Dato’ Sri Mustapa added.

Ministry of International Trade and Industry, Malaysia

27 February 2017

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

MALAYSIA
Current Account Components in
Balance of Payments (BOP), Q1 2015 - Q4 2016
Exports
200 Goods Services Primary income Secondary Income

150
RM billion

100

189.7
184.6
174.9

172.2
163.0
162.9

162.6
161.5
50

36.0
35.5

35.3

34.8
34.6
34.1
33.2

32.3
11.4

15.5

12.3

10.8

12.9

12.9
2.4

2.8

9.6
3.2

3.5

3.5

3.8

9.7
4.0

4.5
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016

200
Goods Services
Imports
Primary income Secondary Income

150
RM billion

100

158.3
153.5
147.7

145.7
142.8
139.4

138.0
135.2

50

42.0
41.9

41.5
40.1

39.9

39.9
37.3
36.7
19.1

20.1

20.2

21.4

17.4

21.2

20.5

21.9
7.5

8.7

9.0

8.6

8.5

8.9

8.6

8.6
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016

Net Exports
45

Goods Services Primary income Secondary Income

30
RM billion

31.4
31.1

15
27.7

27.2

26.5
23.6

23.5

19.8

0
-3.5

-5.1

-5.0
-4.6
-5.9

-6.0

-5.9

-5.0

-4.9

-4.6

-5.1

-5.1

-4.6

-6.0

-4.1
-6.4

-6.8
-6.7
-7.7

-8.2

-9.0
-9.1
-10.6

-10.8

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-15
2015 2016
Source : Department of Statistics, Malaysia
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

Trade in Services by Components, 2016

Travel Telecommunications, computer
Transport and information services

Exports: RM70.1 bil Exports: RM16.0bil Exports: RM9.9 bil

Growth: 2.4% Growth: 2.0% Growth: -4.8%
Imports: RM41.5 bil Imports: RM40.0bil Imports: RM12.8 bil
Growth: 0.7% Growth: -2.5% Growth: 1.7%

Manufacturing services on
physical inputs owned by others Construction Financial services

Exports: RM9.0 bil Exports: RM4.4 bil Exports: RM2.1 bil

Growth: 7.0% Growth: 9.1% Growth: 58.8%
Imports: RM0.2 bil Imports: RM10.5 bil Imports: RM2.2 bil
Growth: 19.2% Growth: -0.8% Growth: 29.4%

Personal, cultural and Maintenance and repair Insurance and

recreational services services n.i.e. pension services

Exports: RM1.5 bil Exports: RM1.5bil Exports: RM1.4bil

Growth: -0.3% Growth: 6.5% Growth: -4.4%
Imports: RM3.3bil Imports: RM1.5 bil Imports: RM9.5 bil
Growth: -4.6% Growth: 20.6% Growth: 3.4%

Charges for the use of Government goods Other business services

intellectual property n.i.e. and services n.i.e.

Exports: RM0.5 bil Exports: RM0.4bil Exports: RM23.9 bil

Growth: 30.7% Growth: -1.2% Growth: 10.2%
Imports: RM5.5bil Imports: RM1.0bil Imports: RM35.2bil
Growth: 12.5% Growth: 8.0% Growth: 21.0%

Source : Department of Statistics, Malaysia

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

Consumer Price Index, Jan 2017

Jan 2016 Jan 2017
Index Number Index Number
114.5 118.2
Percentage change Percentage change
3.5% 3.2%

Year on Year Percentage Change by Main Groups, Jan 2017

%
10

8.3
8

4.0
4
3.2
2.5
2.1 2.0 1.9
2 1.5 1.4

0.2 -0.7
-0.2
0
Electricity, Gas &

Routine Household…
Non-Alcoholic

Restaurants &

Household Equipment &

Beverages &
Transport

Clothing &
Education

Communication
Health

Miscellaneous
Recreation
Services &

Footwear
Housing, Water,
Beverages

Culture

Alcoholic

Tobacco
Goods &
Services
Other Fuels
Food &

Hotels

Furnishings,

-2

Five sub-group Recorded Higher Increases

for Food & Non-Alcoholic Beverages, Jan 2017

Oils & Fats Vegetables Fish & Seafood

37.9% 7.8% 6.1%

Food Away from Fruits

Home
2.1%
3.6%

Source : Department of Statistics, Malaysia

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

International Report
Indonesia Trade Performance, January 2017

Exports Total Trade Imports

USD13.38b USD25.37b USD11.99b
27.21% 21.10% 14.54%
Note:
% : Year on Year growth

Indonesia’s Trade Surplus/Deficit , 2014 - Jan 2017 USD million

Source: Statistics Indonesia

Malaysia’s Trade with Indonesia, 2005-2016

70
61.05 59.49 60.1
58.7 57.09
60 55.95

47.48
50 44.88
39.16 40.25
RM billion

40
33.05
29.09
30
33.11

31.76

29.1

27.66
27.61

20
20.84
20.7

18.09
17.68

17.24
14.93

10
12.54
16.55

18.12

21.48

24.18

23.02

29.39

35.11

27.94

27.73

29.43
31.1

31

0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Exports Imports Total Trade

Source : Department of Statistics, Malaysia

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)

ASEAN Trade in Goods Agreement (ATIGA) ASEAN-China Free Trade Agreement (ACFTA)
1,400 6,000 3,000 2,000

1,800
1,200 5,000 2,500
1,600

No. of Certificate of Origin

No. of Certificate of Origin

1,000 1,400
4,000 2,000
1,200
800
RM mil.

RM mil.
3,000 1,500 1,000
600
800
2,000 1,000
400 600

400
1,000 500
200
200

0 0 0 0

5 Feb

5 Feb
15 Jan

22 Jan

29 Jan

15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan

11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

4 Dec
12 Feb

19 Feb

12 Feb

19 Feb
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-Korea Free Trade Agreement (AKFTA) ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
2,500 1,200 250 350

300
1,000
2,000 200
No. of Certificate of Origin

No. of Certificate of Origin

250
800
1,500 150
200
RM mil.

RM mil.
600
150
1,000 100
400
100

500 50
200
50

0 0 0 0
5 Feb

5 Feb
15 Jan

22 Jan

29 Jan

15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan

11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

4 Dec
12 Feb

19 Feb

12 Feb

19 Feb
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-India Free Trade Agreement (AIFTA) ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
350 800 300 1,200

300 700
250 1,000
No. of Certificate of Origin

No. of Certificate of Origin

600
250
200 800
500
200
RM mil.

RM mil.

400 150 600

150
300
100 400
100
200
50 200
50 100

0 0 0 0
5 Feb

5 Feb
15 Jan

22 Jan

29 Jan

15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan

11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

4 Dec
12 Feb

19 Feb

12 Feb

19 Feb

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Generalised System of Preferences (GSP)

160 160

140 140
No. of Certificate of Origin

120 120

100 100
RM mil.

80 80

60 60

40 40

20 20

0 0
5 Feb
15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

12 Feb

19 Feb

Total FOB (RM mil.) Total CO

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian
Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

Note: * Provisional data

Source: Ministry of International Trade and Industry, Malaysia

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)

Malaysia-Japan Economic Partnership (MJEPA) Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
250 1,200 100 250

90
1,000
200 80 200

No. of Certificate of Origin

No. of Certificate of Origin

70
800
150 60 150
RM mil.

RM mil.
600 50

100 40 100
400
30

50 20 50
200
10

0 0 0 0

5 Feb

5 Feb
15 Jan

22 Jan

29 Jan

15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan

11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

4 Dec
12 Feb

19 Feb

12 Feb

19 Feb
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-New Zealand Free Trade Agreement (MNZFTA) Malaysia-China Free Trade Agreement (MCFTA)
0.7 16 12 80

0.6 14 70
10
No. of Certificate of Origin

No. of Certificate of Origin

12 60
0.5
8
10 50
0.4
RM mil.

8 RM mil. 6 40
0.3
6 30
4
0.2
4 20
2
0.1 2 10

0.0 0 0 0
5 Feb

5 Feb
15 Jan

22 Jan

29 Jan

15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan

11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

4 Dec
12 Feb

19 Feb

12 Feb

19 Feb
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-India Comprehensive Economic Cooperation Agreement Malaysia-Australia Free Trade Agreement (MAFTA)
60 (MICECA) 450 60 600

400
50 50 500
350
No. of Certificate of Origin

No. of Certificate of Origin

40 300 40 400

250
RM mil.

RM mil.

30 30 300
200

20 150 20 200

100
10 10 100
50

0 0 0 0
5 Feb

5 Feb
15 Jan

22 Jan

29 Jan

15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan

11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

4 Dec
12 Feb

19 Feb

12 Feb

19 Feb

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-Turkey Free Trade Agreement (MTFTA)

700 300

600 250
No. of Certificate of Origin

500
200

400
RM mil.

150
300
100
200

50
100

0 0
5 Feb
15 Jan

22 Jan

29 Jan
11 Dec

18 Dec

25 Dec

1 Jan

8 Jan
4 Dec

12 Feb

19 Feb

Total FOB (RM mil.) Total CO

Note: * Provisional data

Source: Ministry of International Trade and Industry, Malaysia

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

Malaysian Ringgit Exchange Rate with Selected Countries,

January 2016 - January 2017
US Dollar Swiss Franc
USD 1 = RM CHF 1 = RM

4.60 4.50
4.42
4.50 4.4596
4.40
4.40 4.3481 4.32
4.30 4.30

4.20
4.20
4.10

RM
RM

4.10
4.00

3.90 4.00

3.80
3.90
3.70

3.60 3.80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017 2016 2017

Canadian Dollar Saudi Riyal

CAD 1 = RM SAR 100 = RM

3.50 125.00

3.40 3.38 120.00 118.90

3.30 115.89
115.00

3.20
110.00
RM

RM

3.10
3.06
105.00
3.00

2.90 100.00

2.80 95.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017 2016 2017

New Zealand Dollar Myanmar Kyat

NZD 1 = RM MMK 100 = RM

3.30 0.350

3.20 3.17
0.345
3.10
0.340
3.00 0.337

2.90 0.335
2.84
RM

RM

2.80 0.330
0.330

2.70
0.325
2.60
0.320
2.50

2.40 0.315
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017 2016 2017

Source : Bank Negara, Malaysia

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 Prices
CRUDE PETROLEUM (BRENT) HIGHEST and LOWEST
-per bbl- 2016/2017
24 Feb 2017 : US$56.0, 0.3%* Crude
Average Pricei : 2016: US$45.3 Petroleum
(Brent) Highest
2015: US$53.6 -per bbl-
6 Jan 2017 : US$57.1
CRUDE PALM OIL 30 Dec 2016 : US$56.8
-per MT-
24 Feb 2017 : US$779.5, 3.4%*
Average Pricei : 2016: US$702.2
2015: US$616.9 Lowest 5.5
2 0 1 7 : US$5
13 Jan : US$2
8.9
SUGAR -per lbs- 2 0 1 6
15 Jan
24 Feb 2017 : US¢ 19.8, 2.2%*
Average Pricei : 2016: US¢18.2
2015: US¢13.2 Crude Highest
Palm Oil 20 Jan 2017 : US$843.0
RUBBER SMR 20 -per MT- 30 Dec 2016 : US$797.5
-per MT-
24 Feb 2017 : US$2,059.5, 5.7%*
Average Pricei : 2016: US$1.394.5
Lowest 98.8
2015: US$1.364.3 2 0 1 7 : US$7
13 Jan 45.5
2 0 1 6 : US$5
COCOA SMC 2 15 Jan
-per MT-
24 Feb 2017 : US$1,473.2, 2.0%*
Domestic Prices
Average Pricei : 2016: US$1,609.8
26 February 2017
2015: US$2,077.0
COAL -per MT-
24 Feb 2017 : US$44.1, unchanged
Billets
Average Pricei : 2016: US$45.6 (per MT)
2015: US$49.9 RM1,950 – RM2,050

SCRAP IRON HMS

-per MT-
26 Feb 2017 : US310.0 (high), 3.1%

US$290.0 (low), unchanged Steel Bars
(per MT)
Average Pricei : 2016: US$243.2 RM2,150 – RM2,300
2015: US$239.6
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
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.

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

860
Crude Palm Oil Rubber SMR 20
2,400

2,303.0
2,300
843.0 2,228.5
840
2,183.0
2,200 2,221.0
835.0 2,193.0
2,102.0 2,166.0
2,100
820
812.5 1,995.0 2,059.5
807.0 2,000
810.0
1,956.5 1,970.0
US$/mt

US$/mt
807.0
800 1,900
797.5 798.8
1,800
789.5 1,800.5
786.0
780
779.5 1,700
776.0

1,600
760

1,500

740 1,400
9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

1,800
Cocoa Black Pepper
8,500

1,750 1,770.5 8,000

1,729.0 7,500
1,700 1,715.8
7,281
7,000 7,088 7,113
1,650
1,653.4 6,900 6,917 6,851
6,500 6,730 6,337
USD/ tonne

1,600 1,609.8
1,596.3 6,000 5,965
1,585.0 6,085
US$/mt

1,550 1,566.0
5,500

1,500
1,506.6 1,502.9 5,000
1,485.7 4,642
1,450 1,473.4 1,473.2
4,500 4,516
4,366
1,400 4,000
3,984

1,350 3,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

1,300 2016 2017

2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb * until 24 February 2017

21.5
Sugar
21.0 21.1

20.5 20.8
20.5
20.4
20.3 20.3
20.0 20.2

19.8
19.5
19.5
19.0 19.2
US¢/lbs

18.5

18.0 18.2 18.2

17.5

17.0

16.5

16.0
9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

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.

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

60
Crude Petroleum Aluminium
1,850

58 57.1
56.8 56.8 56.7 1,800
55.8 56.0 1,790
56 55.5 55.5 55.5
55.2 55.2 1,750
54.3
1,737
54 1,728
1,700
53.7 54.0 53.8 53.9 54.0
53.2 53.4
53.0
52

US$/ tonne
52.4 52.4 1,650 1,663
51.9
51.5 1,641
US$/bbl

50 1,629
1,600
1,591 1,589
48 1,550 1,571
1,551
1,531 1,531
46 1,500

1,481
44 1,450

42 Crude Petroleum (WTI)/bbl 1,400

Crude Petroleum (Brent)/bbl Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
40 2016 2017
9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

Copper Nickel
6,000 11,500

5,800 11,000 11,129

5,743 10,972
5,600 5,660 10,500

5,400 10,366
5,451 10,263
10,000 10,176 10,251
9,975
5,200
US$/ tonne
US$/ tonne

9,500
5,000
4,954 9,000
4,800 4,873 4,865 8,906
8,879
4,759 8,500 8,717 8,660
4,695 4,716 4,726
4,600 8,507
4,633
4,599 8,299
8,000
4,400 4,472

4,200 7,500

4,000 7,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
2016 2017 2016 2017

44.2
Coal

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

44.0

43.9
US$/mt

43.8

43.7

43.6

43.5
9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

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.

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

Scrap Iron 90.0

Iron Ore
350

330
320.0 320.0 320.0 320.0 320.0 320.0
80.0
310.0 80.0 80.0
310
300.0 300.0 300.0
295.0
290.0
290 70.0 73.0
290.0 290.0 290.0 290.0 290.0 290.0 290.0 290.0
285.0 285.0
280.0
270

US$/dmtu
270.0
60.0
US$/mt

61.0 61.0
250 59.0
58.0
57.0
56.0
55.0
230
50.0 52.0

210 47.0

40.0 42.0
190

170 Scrap Iron/MT (High)

Scrap Iron/MT(Low) 30.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
150
11 Nov 18 Nov 25 Nov 2 Dec 19 Dec 23 Dec 6 Jan 16 Jan 3 Feb 13 Feb 17 Feb 26 Feb 2016 2017

41.0
Gold 19.0
Silver

18.5
40.0 40.3
18.4
39.9 18.0
18.0
39.5
39.0 17.5 17.7
39.1
17.5
38.6
17.0
38.0 38.3 17.0 17.0
38.1
US$/oz
US$/oz

37.8 16.7 16.8

16.5
37.4 16.4
37.0
16.0 16.2
16.1
36.8

36.4 36.4 15.8

15.5
36.0

15.0

35.0
14.5

34.0 14.0
9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

1,050.0
Platinum

1,029.0

1,000.0 1,012.0

994.0 995.0

973.0
965.0 967.0
950.0 961.0
US$/oz

927.0

900.0 906.0 905.0 903.0

850.0

800.0
9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

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

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
 MITI Programme
MITI Weekly Bulletin | www.miti.gov.my

Malaysia-Saudi MoU on Trade and Investment , 27 February 2017

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

MITI Programme
YB Dato’ Sri Mustapa Mohamed Visited Decathlon’s Premise
at Bandar Sri Damansara, 23 Februari 2017

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

MITI Programme

Majlis Menandatangani Ikrar Bebas Rasuah, 27 February 2017

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

IKRAR BEBAS RASUAH (IBR)

(Corruption Free Pledge)

Saya, adalah dengan sesungguhnya dan suci hati berikrar bahawa sepanjang
perkhidmatan saya dengan Kementerian Perdagangan Antarabangsa dan Industri,:
i. Saya akan mematuhi sepenuhnya undang-undang, peraturan, prosedur serta
dasar-dasar Negara yang berkaitan dengan pencegahan jenayah rasuah dan salah
guna kuasa;
ii. Saya akan membenci dan menolak sebarang bentuk jenayah rasuah dan
salah guna kuasa, serta memberikan kerjasama sepenuhnya kepada Suruhanjaya
Pencegahan Rasuah Malaysia dalam mencegah sebarang perlakuan jenayah
rasuah dan salah guna kuasa;
iii. Saya tidak akan melibatkan diri dalam sebarang bentuk jenayah rasuah dan
salah guna kuasa, sama ada secara langsung atau tidak langsung, dengan mana-
mana pihak yang berurusan dengan Kementerian Perdagangan Antarabangsa dan
Industri;
iv. Saya akan memastikan kakitangan-kakitangan di bawah seliaan saya tidak akan
melibatkan diri dalam sebarang bentuk jenayah rasuah dan salah guna kuasa dalam
apa-apa jua urusan berkaitan dengan Kementerian Perdagangan Antarabangsa dan
Industri; dan
v. Saya akan melaporkan kepada Suruhanjaya Pencegahan Rasuah Malaysia,
dengan seberapa segera, sebarang bentuk perlakuan jenayah rasuah dan salah
guna kuasa yang melibatkan saya atau kakitangan-kakitangan di bawah seliaan
saya.

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

ANNOUNCEMENT
MEDIA RELEASE
THE ESTABLISHMENT OF THE DIGITAL FREE TRADE ZONE (DFTZ)

The Ministry of International Trade and Industry (MITI) would like to respond to the media reports
by The Star, Bernama and Utusan Malaysia dated on 20 February 2017 referring to the statement made by YB
Datuk Seri Ong Ka Chuan, Second International Trade and Industry Minister on tax exemption for goods
purchased through eCommerce transactions.
MITI would like to emphasise that no decision has been made with regards to revision of the existing
De Minimis threshold from the current rate of RM500 on goods purchased through eCommerce.
Any announcement in relation to the Digital Free Trade Zone (DFTZ) will be made by the respective
ministry and agencies concerned.

Ministry of International Trade and Industry (MITI)

Anugerah Kecemerlangan Industri 2016

Asia Pacific’s Premier Maritime and Aerospace Showcase 2017

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

MITI @ Your Service Strategic

Negotiations
Email: allfta@miti.gov.my

Syahril Syazli Ghazali

Director Wan Wadrina Wan Abdul Wahab
Senior Principal Assistant Director

Lim Chee Hau

Senior Principal
Assistant Director

Suresh a/l Kaliyana

Sundram
Senior Principal Assistant Mohammad Sanusi Abdul Karim
Director Senior Director

Sara Hani Mohd Zin

Hazilah Argadan Senior Assistant Director
PA to Director
Mohd Rifaat Hussin
Assistant Director

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

MITI Weekly Bulletin (MWB) Mobile Apps

MITI MWB APPs is now available for IOS, Android
and Windows platforms. MWB APPs can be download
from Gallery of Malaysian Government Mobile APPs
(GAMMA) at the link: http://gamma.malaysia.gov.my/#/
appDetails/85

MWB Facebook Page

Like MWB page at
https://www.facebook.com/MITIWeeklyBulletin/?fref=ts

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