Pengurniaan Darjah KebesaranBintang dan Pingat (DKBP) Persekutuan
Sempena Ulang Tahun Hari Keputeraan Seri Paduka Baginda Yang di-Pertuan Agong XIV Tahun 2015
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MITI Weekly Bulletin / www.miti.gov.my
Malaysia registered a productivity growth of 3.5% last year to a productivity level of RM61,708 per employee from RM60,437 in 2013.Based on the Productivity Report 2014/2015 launched on Thursday by International Trade and Industry Minister, Datuk Sri Mustapa Mohamed, the growth signified that the country’s labour productivity was a strong contributing factor to the gross domestic product growth of 6% in 2014.
Speaking to reporters at the report launch, he said Malaysia was on track to achieve its goal of having a 3.7% annual productivity growth rate by 2020.“The industry productivity growth remains focused on various key economic sectors, among others construction, targeting 13.2%, mining (6.2%) and agriculture (3.9%),” he said.
Meanwhile, Mustapa stressed that amid the current global economic environment, productivity growth coupled with innovation were the key to national prosperity.He urged Malaysians to change their mindset to ensure that a culture of productivity is embedded in the people and in all sectors.
“A holistic nationwide productivity movement involving the Government, industry and individuals will ensure the country’s long-term economic well-being.“We need to benchmark successful experiences of other countries such as Canada, Japan and Singapore,” he said.
Additional information: According to the Productivity Report 2014/2015, labour productivity in the manufacturing sector increased to a level of RM90,556 from RM87,248 during the previous year, Meanwhile, productivity in the services sector grew 2.2% in 2014 to RM63,897 compared with RM62,492 in 2013.
According to the report, China, Myanmar, Indonesia, Thailand, Bulgaria and India have been observed closing the gap with Malaysia at an increasing rate since 2000.“There is a possibility that these countries will surpass Malaysia’s performance in the near future.
“To catch up, Malaysia needs to identify leading indicators of real growth opportunity, particularly where there are gaps between our current performance and the global benchmark. The country must strengthen its workforce, invest in technology and boost the productivity of our industries if it is to accelerate its journey to challenge the productivity frontier,” said the Malaysia Productivity Corp.
Source : The Star,4 june 2015
MITI in the NewsMalaysia’s Productivity Rose 3.5 pc Last Year
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MITI Weekly Bulletin / www.miti.gov.my
64.0
58.9
65.0
66.2
64.8
61.2
61.1
63.9
64.5
65.1
63.7
67.7
63.6
53.2
66.5
60.4
57.6
48.5 55
.4
57.5
59.2
57.1
57.5
60.0
55.2 63
.9
52.6 58
.5
54.6
48.6 58
.6
53.5
121.6 107.4 120.4
123.7
124.0118.3
118.6
123.9
119.7
129.0
116.3
126.2
118.2
101.8
125.1
113.9
0
50
100
150
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2014 2015
RM billion
Exports Imports Total trade
Source : Department of Statistics, Malaysia
Source : Department of Statistics, Malaysia
External Trade Performance, 2014 - Apr 2015 MALAYSIA
20152014
6.4
10.4 9.5 8.75.6
4.1 3.6 3.9
9.3
1.1
11.19.2 9.0
4.57.8 6.9
0.0
5.0
10.0
15.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
RM billionBalance of Trade
Jan 2014 - Apr 2015
MITI Weekly Bulletin / www.miti.gov.my
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126.
9
31.0
16.5
34.5
10.2
128.
7
31.6
17.5
30.2
7.4
0
50
100
150
IntermediateGoods
Capital Goods ConsumptionGoods
Re-exports Others
RM billion
Jan-Apr 2014
Jan-Apr 2015
Major Trading Partners
Source : Department of Statistics, MalaysiaNote: Others include Dual Goods, Goods nes and Transaction below RM5,000
Total Imports Jan - Apr 2014 : RM219.0 bil. Jan - Apr 2015: RM215.4 bil.
Import by Broad Economic Categories (BEC) 2014 (Jan-Apr) & 2015 (Jan-Apr)
Country 2014 Jan-Apr 2014
2015 Jan-Apr 2015
RM billion
%Change2015/2014
P.R.ChinaSingaporeJapanUSAThailand
66.264.348.336.926.5
67.058.445.240.126.7
1.2-9.3-6.38.51.1
MITI Weekly Bulletin / www.miti.gov.my
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Total ExportsRM 243.6 bil
Total ImportsRM 215.4 bil
Exports and Imports by Sector Jan - Apr 2015
Exports and Imports of Manufactured Good Jan - Apr 2015
Total Exports : RM191.98bil
Total Imports : RM187.32bil
Source : Department of Statistics, Malaysia
Agriculture GoodsRM12.9 bil, 6.0%
Manufactured GoodsRM187.3 bil, 87.0%
Mining GoodsRM10.4 bil, 4.8%
OthersRM4.7 bil, 2.2%
Agriculture GoodsRM19.2 bil, 7.9%
Manufactured GoodsRM192.0 bil, 78.8%
Mining GoodsRM31.0 bil, 12.7%
OthersRM1.5 bil, 0.6%
Electrical andElectronic Products ,
RM62.52bil
Chemicals &Chemical Products,
RM20.60bil
PetroleumProducts,
RM18.56bil
Machineryappliances
& partsRM18.58bil
Manufacturesof Metal
RM15.13bil
Transport EquipmentRM12.19bil
OthersRM39.74bil
Electrical andElectronic Products ,
RM85.26bil
Chemicals &Chemical Products,
RM17.47bilPetroleum ProductsRM16.54bil
Machinery appliances& parts, RM11.03bil
Manufactures ofMetal, RM8.73bil
Optical & ScientificEquipment, RM8.15bil
OthersRM44.80bil
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MITI Weekly Bulletin / www.miti.gov.my
Total Capital InvestmentRM 33.70 billion
Approved Investments, Jan-Mar 2015
Primary Sector
Number ofProjects
TOTAL
20 360
27,553
20,205
48,118
1,492.9
33,664.6
22,289.4
57,446.9
189
588
797
PotentialEmployment
Approved Investments
(RM million)
Manufacturing Sector
Services Sector
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Approved Investments in Manufacturing Projects by State, Jan - Mar 2015
MITI Weekly Bulletin / www.miti.gov.my
Johor Domestic Investment : RM25.3bil.Foreign Investment : RM0.6bil.Total investment : RM25.9bil.
Penang Domestic Investment : RM0.4bil.Foreign Investment : RM2.5bil.Total investment : RM2.9bil.
Selangor
Kedah Domestic Investment : RM25.3mil.Foreign Investment : RM0.6mil.Total investment : RM25.9mil.
Domestic Investment : RM0.8bil.Foreign Investment : RM1.2bil.Total investment : RM2.0bil.
Melaka Domestic Investment : RM70.3mil.Foreign Investment : RM533.2mil.Total investment : RM603.5mil.
Sarawak Domestic Investment : RM549.7mil.Foreign Investment : RM6.6mil.Total investment : RM556.2mil.
Domestic Investment : RM154.3mil.Foreign Investment : RM811.5mil.Total investment : RM965.8mil.
Pahang Domestic Investment : RM173.9mil.Foreign Investment : RM208.9mil.Total investment : RM382.8mil.
Negeri Sembilan Domestic Investment : RM116.7mil.Foreign Investment : RM18.4mil.Total investment : RM135.1mil.
Sabah Domestic Investment : RM54.2mil.Foreign Investment : RM5.0mil.Total investment : RM59.2mil.
Perak Domestic Investment : RM171.5mil.Foreign Investment : RM20.1mil.Total investment : RM191.6mil.
TerengganuDomestic Investment : RM2.3mil.Foreign Investment : RM0.0mil.Total investment : RM2.3mil.
Kuala Lumpur Domestic Investment : RM1.5mil.Foreign Investment : RM0.0mil.Total investment : RM1.5mil.
Source : Malaysian Investment Development Authority
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MITI Weekly Bulletin / www.miti.gov.my
and You’ ’
Index of Economic Freedom, 2015score (100 represents the maximum freedom)
ASEAN
Note:Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.
MITI’s ASEAN Portal can be accessed via http://www.miti.gov.my/cms/aec2015 .jsp.
Source :http://www.heritage.org/
Thailand score
2014 : 63.35 2015 : 62.43
Malaysia score
2014 : 69.60 2015 : 70.84
Singapore score
2014 : 89.41 2015 : 89.35
Brunei score
2014 : 69.04 2015 : 68.92
Cambodia score
2014 : 57.37 2015 : 57.53
score
2014 : 60.07 2015 : 62.20
Philippines Indonesia score
2014 : 58.50 2015 : 58.13
Viet Nam score
2014 : 50.79 2015 : 51.69
Laos score
2014 : 51.17 2015 : 51.38
Myanmar score
2014 : 46.51 2015 : 46.91
International Repor t
U.S. Trading Partners , April 2015
Selected Country / Region USD Billion2.62.51.10.70.5
South and Central America Hong Kong
Australia BrazilSingapore
U.S. Trade Performance April 2015
U.S. Global Trade (Goods and Services)
April 2015
Exports 189.9 billionImports 230.8 billionTotal Trade 420.7 billion
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MITI Weekly Bulletin / www.miti.gov.my
Source: US Bureau of Economic Analysis
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Sources: International Monetary Fund, World Trade Organization, World Development Indicators and Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my
Central Asia Economies
Population: 17.4 mil (2014)GDP (US$ billion): 212.3 (2014)Inflation Rate: 6.7% (2014)Unemployment Rate : 5.2% (2014)Malaysia’s Trade with Kazakhstan(US$ million): 66.9Ease of Doing Business rank: 77 (2015)
KyrgyzstanPopulation: 5.7 mil (2014)GDP (US$ billion): 7.4 (2014)Inflation Rate: 7.5% (2014)Unemployment Rate : 7.6% (2014)Malaysia’s Trade with Kyrgyzstan(US$ million): 6.9Ease of Doing Business rank: 102 (2015)
TajikistanPopulation: 8.3 mil. (2014)GDP (US$ billion): 9.2 (2014)Inflation Rate: 6.1% (2014)Unemployment Rate : 8.0% (2013)Malaysia’s Trade with Tajikistan(US$ million): 5.4Ease of Doing Business rank: 166(2015)
UzbekistanPopulation: 30.6 mil (2014)GDP (US$ billion): 62.6 (2014)Inflation Rate: 8.4% (2014)Unemployment Rate : 10.7% (2013)Malaysia’s Trade with Uzbekistan(US$ million): 92.7Ease of Doing Business rank: 141 (2015)
Population:5.8 mil (2014)GDP (US$ billion): 47.9(2014)Inflation Rate: 6.0% (2014)Unemployment Rate : 10.6% (2013)Malaysia’s Trade with Turkmenistan(US$ million): 23.0Ease of Doing Business rank: na
Turkmenistan
Kazakhstan
Top Ten World’s Biggest Oil Companies, 2015
CompanyRank Barrels of Oil
1 Saudi Aramco 12 million
per day
2 Gazprom 8.3 million
3 National Iranian Oil Co. 6.0 million
5 Rosneft 4.7 million
4 Exxon Mobil 4.7 million
6 PetroChina 4.0 million
7 BP 3.7 million
10 Kuwait Petroleum Corp. 3.4 million
9 Petroleos Mexicanos 3.6 million
8 Royal Dutch Shell 3.7 million
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Source: http://www.forbes.com/
MITI Weekly Bulletin / www.miti.gov.my
0.46
0.48
0.50
0.52
0.54
0.56
0.58
0.60
2.903.003.103.203.303.403.503.603.703.80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2014 2015
1 USD = RM 1 CNY = RM1 CNY = RM 0.58
1 USD = RM 3.60
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 US Dollar and Chinese Yuan
Gold Prices, 30 January - 5 June 2015
Silver Prices, 30 January - 5 June 2015
Source : Bank Negara, Malaysia
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MITI Weekly Bulletin / www.miti.gov.my
40.5
37.8
35.0
36.0
37.0
38.0
39.0
40.0
41.0
42.0
43.0
30 Ja
n
6 Fe
b
13 F
eb
20 F
eb
27 F
eb
6 M
ar
13 M
ar
20 M
ar
27 M
ar
3 Ap
r
10 A
pr
17 A
pr
24 A
pr
29 A
pr
8 M
ay
15 M
ay
22 M
ay
29 M
ay
5 Ju
n
US$/Gram Gold
17.3
16.2
14.5
15.0
15.5
16.0
16.5
17.0
17.5
18.0
30 Ja
n
6 Fe
b
13 F
eb
20 F
eb
27 F
eb
6 M
ar
13 M
ar
20 M
ar
27 M
ar
3 Ap
r
10 A
pr
17 A
pr
24 A
pr
29 A
pr
8 M
ay
15 M
ay
22 M
ay
29 M
ay
5 Ju
n
US$/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, Cambodia and Kazakhstan.
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)
12 Apr 19 Apr 26 Apr 3 May 10 May 17 May 24 May 31 MayAANZFTA 68 85 76 54 66 78 85 86AIFTA 83 143 125 129 149 167 130 154AJCEP 84 70 59 37 97 54 81 78
0
20
40
60
80
100
120
140
160
180
RM
mill
ion
12 Apr 19 Apr 26 Apr 3 May 10 May 17 May 24 May 31 MayATIGA 784 859 944 630 793 1,004 811 1,453ACFTA 483 757 1,150 555 635 634 774 542AKFTA 138 143 231 160 210 1,955 431 2,433
0
500
1,000
1,500
2,000
2,500
3,000
RM
mill
ion
12 Apr 19 Apr 26 Apr 3 May 10 May 17 May 24 May 31 MayMICECA 55.21 79.98 48.47 36.94 40.91 68.16 63.69 46.88MNZFTA 0.47 0.09 0.35 0.14 0.06 0.28 0.32 0.05MCFTA 8.54 29.11 6.10 5.82 24.68 38.86 22.92 5.09MAFTA 26.70 39.58 37.35 29.77 26.38 38.37 29.92 51.69
0
10
20
30
40
50
60
70
80
90
RM m
illio
n
12 Apr 2015 19 Apr 2015 26 Apr 2015 3 May 2015 10 May 2015 17 May 2015 24 May 2015 31 May 2015
AANZFTA 770 903 804 640 689 826 978 774AIFTA 462 616 533 507 649 636 609 599AJCEP 163 181 209 121 191 210 236 187ATIGA 3,719 4,001 4,231 3,331 4,009 4,872 4,573 4,126ACFTA 1,484 1,763 1,618 1,196 1,355 1,571 1,659 1,461AKFTA 661 759 941 650 704 934 769 1,173MICECA 322 335 338 262 335 383 337 289MNZFTA 6 6 16 2 4 11 15 6MCFTA 54 80 46 57 51 63 55 43MAFTA 290 466 428 317 343 410 349 352MJEPA 819 632 866 659 797 849 931 803MPCEPA 125 250 141 112 149 115 176 207GSP 68 102 134 104 110 140 132 131
12 Apr 19 Apr 26 Apr 3 May 10 May 17 May 24 May 31 MayMJEPA 146 105 136 88 128 141 233 185MPCEPA 33 93 18 17 20 14 58 88GSP 9 14 21 13 34 25 20 19
0
50
100
150
200
250
RM
mill
ion
Value of Preferential Certificates of Origin
Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional data)
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MITI Weekly Bulletin / www.miti.gov.my
CommodityCrude
Petroleum (per bbl)
Crude Palm Oil (per MT)
Raw Sugar
(per MT)
Rubber SMR 20(per MT)
Cocoa SMC 2
(per MT)
Coal(per MT)
Scrap Iron HMS
(per MT)5 June 2015
(US$) 58.0 660.0 263.4 1,615.5 2,143.0 49.1 280 (high)260 (low)
% change* 3.8 1.7 0.4 0.8 3.2 2.3 unchangedunchanged
2014i 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0
2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6
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MITI Weekly Bulletin / www.miti.gov.my
Commodity Prices
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated n.a Not availble
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.
Highest and Lowest Prices, 2014/2015
Lowest (US$ per bbl)
Highest(US$ per bbl)
Crude Petroleum (5 June 2015)
US$58.0 per bbl
201413 June 2014: 107.6
201426 Dec 2014: 54.6
201529 May 2015: 60.3
201513 Mar 2015: 44.8
Lowest (US$ per MT)
Highest(US$ per MT)
Crude Palm Oil (5 June 2015)
US$660.0 per MT
201414 Mar 2014: 982.5
201426 Dec 2014: 664.0
201516 Jan 2015: 701.0
20156 Feb 2015: 621.0
Steel Bars(per MT)
RM1,750 - RM1,800
Average Domestic Prices, 5 June 2015
Billets(per MT)
RM1,400 - RM1,500
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
Commodity Price Trends“D
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ation, PO
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Grow
th”
MITI Weekly Bulletin / www.miti.gov.my
648.0
650.5
658.5
661.0
651.5
659.5
656.5
647.0
654.0655.0
648.8
660.0
635
640
645
650
655
660
665
20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun
US$
/mt
Crude Palm Oil
2,107.8
1,974.8
2,042.9
2,017.1
2,042.1
2,067.5
2,045.4
2,143.9
2,109.6
2,260.7
2,186.5
2,213.8
2,143.0
1,900
1,950
2,000
2,050
2,100
2,150
2,200
2,250
2,300
13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May22 May29 May 5 Jun
US$
/mt
Cocoa
283.8
272.5
275.5 275.5
283.6
291.8
287.0288.8
287.5
278.3
262.3263.4
245
250
255
260
265
270
275
280
285
290
295
20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun
US$
/mt
Raw Sugar
1,405.51,413.5
1,403.0
1,373.0
1,390.0
1,405.0
1,435.0
1,502.01,510.0
1,523.5
1,629.0
1,615.5
1,350
1,400
1,450
1,500
1,550
1,600
1,650
20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun
US$
/mt
Rubber SMR 20
5,740
5,779 5,843
6,245
6,469
6,515
6,864
7,822
7,707
7,967
7,894 7,806
7,507
7,286 7,267
7,853
7,148
6,778
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
2014 2015
USD
/ to
nne
Black Pepper
* until 5 June 2015
46.6
48.9 49.1
51.6
55.7
57.2
58.659.4 59.7 59.7
60.3
58.0
40
45
50
55
60
65
20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun
US$
/bbl
Crude Petroleum
Sources: 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
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ation, PO
WER
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Grow
th”
MITI Weekly Bulletin / www.miti.gov.my
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
1,774
1,819
1,804
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 Mar Apr May
2014 2015
US$
/ to
nne
Aluminium
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
13,756
12,831
13,511
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 Mar Apr May
2014 2015
US$
/ to
nne
Nickel
260.0
270.0 270.0 270.0 270.0 270.0 270.0 270.0 270.0 270.0
280.0 280.0
240.0
250.0 250.0 250.0 250.0 250.0 250.0 250.0 250.0 250.0
260.0 260.0
200
220
240
260
280
300
320
340
27 Feb 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 8 May 15 May 29 May 5 Jun
US$
/mt
Scrap Iron
Scrap Iron/MT (High)
Scrap Iron/MT(Low)
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
5,940 6,042
6,295
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 Mar Apr May
2014 2015
US$
/ to
nne
Copper
58.6 58.558.2
56.4
55.254.4
53.3
52.0 51.8 51.6
50.3
49.1
44.0
46.0
48.0
50.0
52.0
54.0
56.0
58.0
60.0
20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun
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
68.063.0
58.0
52.0
60.0
40.0
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 Mar Apr May
2014 2015
US$
/dm
tu
Iron Ore
The Blue Ocean Strategy, team growth and continuous development – these are the three primary factors adopted by Tacara Sdn Bhd which have made the company what it is today.
The Tawau-based company was set up in July 1995 as the first food grade natural carrageenan biopolymer producer in Malaysia.In just a few years, it grew to become a large successful company with annual sales of RM15 million recorded in 2009 alone with profits of RM1.3 million.
Like most companies, Tacara (which stands for Tawau Carrageenan) depended on financial assistance in the early stages of its operations.According to its owner, Pang Kyun Fung, the company received help from the Malaysian Technology Development Corporation (MTDC). This, he says, relieved its financial constraints significantly.
It’s goal is to produce world class natural carrageenan for global markets through implementation of the highest ethical standard stringently maintained by its employees.
Carrageenan comes from algae or seaweeds and can be used as a thickening agent in place of animal-based products like gelatin, which is extracted from animal bones. Carrageenan is a common ingredient in food such as milk products like yoghurt or chocolate milk. Many vegetarians use carrageenan in place of products like gelatin since it is 100 per cent vegetarian.
Tacara produces a range of natural carrageenan biopolymer products for the food and non-food industries. Pang says that the company’s research and development team is working closely with local and foreign institutions and technical experts to focus on developing new and innovative ways to utilise carrageenan.
Together with end users and manufacturers, Tacara provides product solutions and technical support. The company has attained various awards and accolades for its achievements since its establishment.
The recognition includes the Small and Medium Industry’s Award for Export Excellence (in October 2003), the Ministry of International Trade and Industry’s Award for Industry Excellence (in December 2004), Halal certificate and the KOSHER certificate.Pang says for its short-term plan, Tacara will explore new applications for existing products, while for the long term, it hopes to establish marketing and blending companies overseas.
In the field of technology and equipment sharing, it encourages involvement of supporting industries. “To prepare for future challenges, we will conduct continuous research and development,”
Tacara Sdn BhdStory
Address: TB4104, 2nd Floor, Lot 51 & 52,Block D, Bandaran Baru II,91000 Tawau, Sabah, MalaysiaTel. Number: (608) 9760252Fax Number: (603) 9760249Email: [email protected]
Contact UsTacara Sdn Bhd
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