Govt to boost SMEs role under master plan Weekly Bulletin/MITI...GDP = RM74.9 billion MITI Weekly...
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“DRIVING Transformation, POWERING Growth” Govt to boost SMEs role under master plan The International Trade and Industry Ministry (MITI) aims to boost the small and medium enterprises’ (SMEs) role in the country’s development under the SME Master Plan in the next five years. Its Minister Datuk Seri Mustapa Mohamed said on Thursday the government hoped to improve the SMEs’ contribution to the country by 2020 as they account for 98% of the businesses in the country. Among others, the 33% contribution to the country’s gross domestic products (GDP) will be improved to 41% in five years. Employment opportunities created by SMEs is expected to improve to 62% from 58% now and exports to increase to 25% from 17% currently. MITI Weekly Bulletin / www.miti.gov.my Source: The Star, 30 April 2015 “We will also look into narrowing the gap of SMEs between Sabah and Sarawak and Peninsular Malaysia,” he said during the launch of the MITI Report 2014. Among the measures are: to improve connectivity and basic amenities, review restrictive laws and policies as well as to ease market access.He said about 55% to 58% of SMEs provided services and the ministry would assist small and micro enterprises as well. On foreign investments, he said money being poured into the oil and gas sector was still robust. Updating the progress on the ASEAN Economic Community, he said 90.5% of the measures under the AEC Blueprint had been implemented. He adds intra Asean trades is expected to increase to 40% by 2050 from 24% currently. Malaysia’s trade with other Asean countries comes in above that at 26%. For last year, Malaysia’s total trade grew by 5.9% to RM1.4 trillion from RM1.37 trillion in 2013. Our top five partners are China (14.3%), Singapore (13.4%), Japan (9.5%), USA (8.1%) and Thailand (5.5%).The top five major exports were electric and electronics (33.4%), petroleum products (9.2%), liquefied natural gas (8.4%), chemical and chemical products (6.7%) and palm oil (6.1%). Meanwhile, imports were electric and electronics (27.9%), petroleum products (11.7%), chemical and chemical products (9.1%), machinery, appliances and parts (8.4%) and manufactures of metal (6.1%). The amount of investments approved has also increased to RM236bil last year from RM141.6bil in 2009.
Transcript of Govt to boost SMEs role under master plan Weekly Bulletin/MITI...GDP = RM74.9 billion MITI Weekly...
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Govt to boost SMEs role under master plan
The International Trade and Industry Ministry (MITI) aims to boost the small and medium enterprises’ (SMEs) role in the country’s development under the SME Master Plan in the next five years.
Its Minister Datuk Seri Mustapa Mohamed said on Thursday the government hoped to improve the SMEs’ contribution to the country by 2020 as they account for 98% of the businesses in the country.Among others, the 33% contribution to the country’s gross domestic products (GDP) will be improved to 41% in five years. Employment opportunities created by SMEs is expected to improve to 62% from 58% now and exports to increase to 25% from 17% currently.
MITI Weekly Bulletin / www.miti.gov.my
Source: The Star, 30 April 2015
“We will also look into narrowing the gap of SMEs between Sabah and Sarawak and Peninsular Malaysia,” he said during the launch of the MITI Report 2014. Among the measures are: to improve connectivity and basic amenities, review restrictive laws and policies as well as to ease market access.He said about 55% to 58% of SMEs provided services and the ministry would assist small and micro enterprises as well.
On foreign investments, he said money being poured into the oil and gas sector was still robust.Updating the progress on the ASEAN Economic Community, he said 90.5% of the measures under the AEC Blueprint had been implemented. He adds intra Asean trades is expected to increase to 40% by 2050 from 24% currently. Malaysia’s trade with other Asean countries comes in above that at 26%.
For last year, Malaysia’s total trade grew by 5.9% to RM1.4 trillion from RM1.37 trillion in 2013. Our top five partners are China (14.3%), Singapore (13.4%), Japan (9.5%), USA (8.1%) and Thailand (5.5%).The top five major exports were electric and electronics (33.4%), petroleum products (9.2%), liquefied natural gas (8.4%), chemical and chemical products (6.7%) and palm oil (6.1%).
Meanwhile, imports were electric and electronics (27.9%), petroleum products (11.7%), chemical and chemical products (9.1%), machinery, appliances and parts (8.4%) and manufactures of metal (6.1%). The amount of investments approved has also increased to RM236bil last year from RM141.6bil in 2009.
Source : Department of Statistics, Malaysia
MALAYSIA
Labour Force Market , February 2015
Note : * Age between 15 to 64 years # All persons not classified as employed or unemployed such as housewives, students (including those going for further studies), retired, disabled persons and those not interested in looking for a job. ** ratio of the labour force to the working age population in percentage
Working Age Population*
13.7million
0.5million
6.8million
Employed Unemployed Outside labour force#
Total Labour Force14.1 million
Unemployment Rate3.2%
Labour Force Participation Rate**
67.4%
%
2014 2015
Unemployment Rate , January 2014 - February 2015
3.3
3.2
3.02.9
2.9
2.8 2.8
2.7 2.7 2.7 2.7
3.0
3.1
3.2
2.5
2.7
2.9
3.1
3.3
3.5
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
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Source : Department of Statistics, Malaysia
RM billion
GDP for Sarawak , 2005 -2013 at constant 2005 prices
GDP for Sarawak by Kind of Economic Activity , 2013pat constant 2005 prices
Note: e : Estimate p: Preliminary
22.1
9.4 9.33.6
2012e 2013p
RM billion
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57.7
60.3
65.3
65.5
64.2
66.970.8
71.974.9
55
60
65
70
75
2005 2006 2007 2008 2009 2010 2011
27.8
19.916.1
8.5
2.3 0.20
5
10
15
20
25
30
Services Manufacturing Mining andQuarrying
Agriculture Construction plus:Import Duties
GDP = RM74.9 billion
MITI Weekly Bulletin / www.miti.gov.my
Trade in Services Value for Select Economies , 2014Total Trade in Services
(USD billion)Country
Singapore 263.0Thailand 108.6
Malaysia 82.0Indonesia 56.8
Viet Nam 26.0Philippines 44.0
Myanmar
2.8Cambodia 6.0
Brunei Source : https://www.wto.org
MITI’s ASEAN Portal can be accessed via http://www.miti.gov.my/cms/aec2015 .jsp.
and You’ ‘
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12.7
18.5
14.3
-10.6
8.711.8
3.45.5 4.4
-15.0
-10.0
-5.0
0.0
5.0
10.0
15.0
20.0
2006 2007 2008 2009 2010 2011 2012 2013 2014
International Repor t
Trade in Ser vices Growth, 2006-2014
Expor ts and Impor ts by Region, 2011-2014
World Trade in Ser vices Annual % change
Source: WTO International Trade Statistics for trade
RegionExports Imports
2011 2012 2013 2014 2011 2012 2013 2014
Developed economiesGrowth (%) 7.3 7.4 7.8 8.2 6.8 6.9 7.3 7.6
Value (US$ tril) 11.9 2.5 5.5 4.4 10.7 2.5 5.3 4.4
Developing and emerging economies
Growth (%) 12.5 7.8 3.0 -1.7 15.7 7.5 7.7 -0.6Value (US$ tril) 1.0 1.1 1.1 1.1 1.2 1.3 1.4 1.4
North AmericaGrowth (%) 11.6 4.0 4.8 0.5 8.5 2.7 2.1 1.4
Value (US$ bil) 781.8 813.0 851.9 856.4 601.9 618.2 631.4 640.2
South AmericaGrowth (%) 18.0 2.9 -0.8 0.0 20.7 6.2 6.3 -0.4Value (US$ bil) 87.3 89.8 89.1 89.1 152.4 161.7 171.9 171.2
EuropeGrowth (%) 12.6 0.6 7.9 4.2 10.6 0.6 8.3 3.7
Value (US$ tril) 2.2 2.2 2.4 2.5 1.9 1.9 2.1 2.1
AfricaGrowth (%) 12.0 1.6 6.9 3.4 9.9 1.1 7.0 0.8Value (US$ tril) 2.9 2.9 3.1 3.2 2.5 2.5 2.7 2.7
AsiaGrowth (%) 11.7 8.4 2.9 1.4 12.9 7.6 4.4 -1.6
Value (US$ tril) 1.1 1.2 1.3 1.3 1.3 1.4 1.5 1.5
2006 2007 2008 2009 2010 2011 2012 2013 2014Value
(US$ trillion) 5.8 6.9 7.9 7.1 7.7 8.6 8.9 9.4 9.8
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GDP (current US$) : $43.23 bil (2014) GDP per capita, (current US$) ; $1,574 (2014)Unemployment rate : 17.4% (2013)Inflation rate : 8.2% (2014) Capital city : SanaaPopulation : 24,407,381 (2013)Area : 527,970 km2 (2014)Languages : Arabic (official)
Yemen
US Economic Indicators, 2015
Source: US Bereau of Economic
Inflation Rate -0.07%(March)
-0.03%(February)
Unemployment Rate 5.5%(March)
5.5%(February)
Gross Domestic Product 0.2%(Q1 2015 advance estimate)
2.2%(Q4 2014 third estimate)
Source: World Data Atlas
MITI Weekly Bulletin / www.miti.gov.my
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Based on Airports Council International (ACI) preliminary passenger traffic results for 20142014 World’s Busiest Airpor ts
Rank Airpor t#1 Atlanta, USA#2 Beijing, China #3 London, GB #4 Tokyo, Japan #5 Los Angeles, USA#6 Dubai, UAE
Airpor t code Total Passenger Trafic (million)
49.051.753.353.554.154.855.056.857.259.663.163.6
68.370.070.570.772.873.4
86.196.2
0 20 40 60 80 100
MYPVGJFK
DENSIN
CANAMS
ISTCGKFRAHKGDFWCDGORDDXBLAX
HNDLHRPEKATL
#7 Chicago , USA
#9 Dallas/For t Wor th, USA #8 Paris, France
#10 Hong Kong, HK
#11 Frankfur t , Denmark#12 Jakar ta, Indonesia
#13 Istanbul, Turkey#14 Amsterdam, Netherlands #15 Guangzhou, China#16 Singapore, SG#17 Denver , USA #18 New York, USA #19 Shanghai, China#20 Kuala Lumpur,
Malaysia Million
MITI Weekly Bulletin / www.miti.gov.my
36.00
38.00
40.00
42.00
44.00
46.00
48.00
4.80
5.00
5.20
5.40
5.60
5.80
6.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2014 2015
100 INR = RM 100 HKD = RM100 HKD = RM 47.45
100 INR = RM 5.89
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 Indian Rupee and Hong Kong Dollar
Gold Prices, 2 January - 24 April 2015
Silver Prices, 2 January - 24 April 2015
Source : Bank Negara, Malaysia
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37.7
38.0
36.0
37.0
38.0
39.0
40.0
41.0
42.0
43.0
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
13 M
ar
20 M
ar
27 M
ar
3 Ap
r
10 A
pr
17 A
pr
24 A
pr
US$/Gram Gold
15.8
15.7
14.5
15.0
15.5
16.0
16.5
17.0
17.5
18.0
18.5
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
13 M
ar
20 M
ar
27 M
ar
3 Ap
r
10 A
pr
17 A
pr
24 A
pr
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 Liechtenstein.
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)
Value of Preferential Certificates of Origin
Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional Data)
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8 Mar 2015 15 Mar 2015 22 Mar 2015 29 Mar 2015 5 Apr 2015 12 Apr 2015 19 Apr 2015 26 Apr 2015
AANZFTA 658 805 776 910 869 770 903 804AIFTA 561 478 651 529 708 462 616 533AJCEP 154 241 250 177 209 163 181 209ATIGA 4,107 4,433 4,562 4,322 4,496 3,719 4,001 4,231ACFTA 1,454 1,354 1,566 1,569 1,464 1,484 1,763 1,618AKFTA 765 844 889 782 767 661 759 941MICECA 297 360 355 289 385 322 335 338MNZFTA 1 7 4 14 3 6 6 16MCFTA 42 75 57 52 52 54 80 46MAFTA 259 481 409 336 402 290 466 428MJEPA 823 812 775 838 836 819 632 866MPCEPA 173 172 118 165 160 125 250 141GSP 104 114 139 112 164 68 102 134
8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 MarAANZFTA 73 84 319 88 87 68 85 76AIFTA 136 92 175 110 212 83 143 125AJCEP 78 74 101 57 85 84 70 59
0
50
100
150
200
250
300
350
RM
mill
ion
8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 MarATIGA 596 950 3,154 703 2,475 784 859 944ACFTA 780 916 539 841 663 483 757 1,150AKFTA 117 127 695 173 131 138 143 231
0
500
1,000
1,500
2,000
2,500
3,000
3,500
RM
mill
ion
8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 MarMICECA 49.74 44.86 48.01 50.53 64.51 55.21 79.98 48.47MNZFTA 0.01 0.06 0.08 0.35 0.06 0.47 0.09 0.35MCFTA 6.00 11.37 23.46 46.12 9.08 8.54 29.11 6.10MAFTA 23.40 42.25 36.51 34.36 35.39 26.70 39.58 37.35
0
10
20
30
40
50
60
70
80
90
RM m
illio
n
8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 MarMJEPA 131 670 167 129 191 146 105 136MPCEPA 52 113 38 16 20 33 93 18GSP 75 18 26 15 21 9 14 21
0
100
200
300
400
500
600
700
800
RM
mill
ion
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Commodity Prices
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.
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)29 Apr 2015
(US$) 58.6 656.5 287.0 1,435.0 2,143.9 53.3 270 (high)250 (low)
% change* 2.5 0.5 1.6 2.1 4.8 2.0 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
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
Highest and Lowest Prices, 2014/2015
Lowest (US$ per bbl)
Highest(US$ per bbl)
Crude Petroleum (29 April 2015)US$58.6 per bbl
201413 June 2014: 107.6
201426 Dec 2014: 54.6
201529 Apr 2015: 58.6
201513 Mar 2015: 44.8
Lowest (US$ per MT)
Highest(US$ per MT)
Crude Palm Oil (29 April 2015)
US$656.5 per MT
201414 Mar 2014: 982.5
201426 Dec 2014: 664.0
201516 Jan 2015: 701.0
20156 Feb 2015: 621.0
Steel Bars(per MT)
RM1,840 - RM1,940
Average Domestic Prices, 24 Apr 2015
Billets(per MT)
RM1,450 - RM1,500
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
Commodity Price Trends“D
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th”
MITI Weekly Bulletin / www.miti.gov.my
685.0
690.0
689.0
692.5
673.5
648.0650.5
658.5661.0
651.5
659.5
656.5
620
630
640
650
660
670
680
690
700
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr
US$
/mt
Crude Palm Oil
2,003.9
2,060.0
2,113.7
2,124.6
2,110.4
2,107.8
1,974.8
2,042.9
2,017.1
2,042.1
2,067.5
2,045.4
2,143.9
1,900
1,950
2,000
2,050
2,100
2,150
2,200
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar20 Mar27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr
US$
/mt
Cocoa
330.0326.8
310.8
300.5
291.0
283.8
272.5
275.5
275.5
283.6
291.8
287.0
260
270
280
290
300
310
320
330
340
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr
US$
/mt
Raw Sugar
1,426.5
1,419.5
1,438.0
1,412.0
1,412.5
1,405.5
1,413.5
1,403.0
1,373.0
1,390.0
1,405.0
1,435.0
1,350
1,360
1,370
1,380
1,390
1,400
1,410
1,420
1,430
1,440
1,450
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr
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
7,846
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
2014 2015
USD
/ to
nne
Black Pepper
* until 29 April 2015
52.8
50.8
49.8 49.6
44.8
46.6
48.9 49.1
51.6
55.7
57.2
58.6
40
42
44
46
48
50
52
54
56
58
60
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr
US$
/bbl
Crude Petroleum
MITI Weekly Bulletin / www.miti.gov.my
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.
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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
1,500
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
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
12,000
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
2014 2015
US$
/ to
nne
Nickel
330.0
320.0
280.0 280.0
260.0
270.0 270.0 270.0 270.0 270.0 270.0 270.0
320.0
300.0
250.0 250.0
240.0
250.0 250.0 250.0 250.0 250.0 250.0 250.0
220
240
260
280
300
320
340
360
2 Jan 9 Jan 6 Feb 13 Feb 27 Feb 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr
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
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
2014 2015
US$
/ to
nne
Copper
56.1
56.9
56.8
57.7
58.4 58.6 58.558.2
56.4
55.2
54.4
53.3
51.0
52.0
53.0
54.0
55.0
56.0
57.0
58.0
59.0
60.0
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 29 Apr
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
63.0
58.0
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
2014 2015
US$
/dm
tu
Iron Ore
SUCCESS STORYSamalaju Industrial Park
Samalaju Industrial Park with an area of 8000 ha is a green field. It is located 62 km from Bintulu CBD and accessible via the Bintulu - Miri Coastal Road. An ideal place to locate heavy and energy intensive industries due to its distance from existing Bintulu town and populated areas. Connected with direct power supply from the Bakun & Murum HEP. A Deep sea port, a prerequisite for the metal smelting industry is being built in Samalaju. Sarawak Corridor of Renewable Energy (SCORE) is now firmly established as one of Malaysia’s five economic corridors. In terms of land area, SCORE is the second largest of the corridors and covers an area of more than 70,000 square kilometres of the resource rich central region with a population of more than 600,000.
SCORE has a long coastline of more than 1,000 km, over 8 million hectares of forests, almost 5 million hectares of arable land and peat land suitable for agriculture. The corridor has 1.2 billion of known oil reserves, over 80 million tonnes of Silica sand and over 22 million tonnes of Kaolin of China clay, a key component of cosmetics, ceramics and, most recent, for combat area medical equipment.SCORE has an abundance of natural resources, including clean and safe renewable resources, such as hydropower, that offers commercial users clean energy at competitive rates. In view of this, the 2008 – 2030 development plan for SCORE focuses on developing the energy sector and targets 10 high impact priority industries that will complement the development plan and also provide downstream opportunities for SMEs. This is in line with the State’s ninth Malaysia plan to capitalize on the State’s energy resources. The availability of inexpensive energy gives SCORE a significant advantage when competing to attract energy intensive industries and this has already resulted in a number of early successes.As more energy intensive industries establish themselves in SCORE, they will form the bedrock of the SCORE strategy, giving a robust boost to the development of the growth nodes which in turn will require training centres and technical colleges to train the population and create a core of skilled workers thereby raising the living standards of the population.
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MITI Weekly Bulletin / www.miti.gov.my
Old State Legislative BuildingPetra Jaya93050 KuchingSarawak, MalaysiaTel: +6082444851 | +6082444852
As SCORE grows, the benefits will impact the whole State and give citizens in the rural areas the opportunity to participate in the State’s primary goal to become a high income state on a par with the wealthier states in Peninsular Malaysia by 2020. As employment increases, the socio economic inequality between rural and urban areas will be reduced and poverty eradicated. Quality of life will improve for the long term, more high income jobs will be created and the economy will move up the value chain in line with the 5 thrusts of the national mission and the key tenets of the State’s ninth Malaysia plan. In addition to the extensive subsidies offered by the Federal Government and mindful of the costs and potential risks early movers are faced with, the State Government has also developed a number of incentives over and above those of the Federal Government to encourage investors. For more information on these State incentives, please refer to incentives. The State Government’s commitment to the success of SCORE will establish long-term business confidence in the region and help Sarawak become the destination of choice for business investment.
Samalaju is a totally green field site launched in 2008. Located at the north western part of SCORE, on the South China Sea, all basic infrastructure comprising roads, water, emergency, health and education services, telecommunications, police and government housing will be established, requiring an investment of approximately RM239 million (US$80 million).
Road, drinking and wastewater infrastructure represents the bulk of the expenditure at RM116 million (US$38 million) and these will be built in stages with completion of key stages projected to be by the end of 2014. Police, Fire and health services will be developed concurrently with completion targeted to be end 2014.Pioneer investors have already committed RM28 billion (US$9.5 billion) to Samalaju Industrial Park and of these, four investors are in situ and have started construction of their manufacturing plants and other facilities.
These five investors are Asia Advanced Materials, Asia Minerals, OM Holdings, Press Metal and Tokuyama. These investors are involved in Manganese processing, Aluminium smelting and silicone substrate manufacturing.Other investors from both the international and domestic markets have indicated serious interest in investing in Samalaju and are waiting for more infrastructure to be completed before commencing construction of their plants.A constant supply of inexpensive electricity is required for these operators and their energy requirements will be sourced from the Bakun hydroelectric dam. Energy efficiency offered by SCORE will provide these companies with a competitive edge in world markets.
MITI Weekly Bulletin / www.miti.gov.my
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Malaysia Investment Performance
2014
REDtone Mex Sdn Bhd is a subsidiary company of REDtone International Berhad (REDtone International). Incorporated in July 2013, this company plans to set up the biggest Medical Exchange (MEX) Telehealth Solution in South East Asia, focusing on image-based teleconsultation/ teleradiology exchange and cloud-based personal health records (PHR).
This project not only increases the capabilities of local radiologists but will also produce more radiologists specialising in teleradiology/ teleconsultation in Malaysia through technology transfer programmes from USA and Australia.
This will in turn create a diagnostic hub for other Malaysian radiologists. In the short term, this project will decrease the hospital’s operation expenditure by outsourcing the telehealth activity to a third-party company. In the long term, it will increase the quality of medical tourism, contributing to the country’s tourism sector.
The project is in line with the goal of EPP 5: Launching e-Healthcare, under the Communication Content & Infrastructure NKEA, with the aim of achieving RM 1,402.25 billion Gross National Income (GNI) contribution by the year 2020.
REDtone Mex
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MITI Weekly Bulletin / www.miti.gov.my
MITI Programme26th ASEAN SUMMIT , 26 - 28 April 2015
MITI Weekly Bulletin / www.miti.gov.my
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MITI Report 2014 Launching , 30 April 2015
MITI Weekly Bulletin / www.miti.gov.my
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MITI Weekly Bulletin / www.miti.gov.my
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