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MITI Weekly Bulletin | www.miti.gov.my

MalaysiaConsumer Price Index (CPI) , January - May 2017

Year - on - Year+4.3%

Jan - May 2016 2017114.3 119.2

Apr 2016119.3

May 2017119.1

Month - on - Month

Inflation Rate for Main Groups, January - May 2017 / 2016

Food & Non-Alcoholic

Beverages+4.1%

Alcoholic Beverages &

Tobacco+0.2%

Clothing & Footwear

-0.3%

Housing, Water, Electricity, Gas &

Other Fuels+2.2%

Furnishings, Household

Equipment & Routine Household

+1.7%

Health

+2.6%

Transport

+15.7%

Communication

-0.3%

Recreation Services &

Culture+3.1%

Education

+1.7%

Restaurants & Hotels

+2.3%

Miscellaneous Goods & Services

+1.4%Notes: % refers to year-on-year change Source: Department of Statistics, Malaysia

114.5

113.8114.3

114.6 114.8

114.1114.6

114.3114.7 114.9 114.9

118.2

119.7 119.6119.3 119.1

112

114

116

118

120

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

2016 2017

+3.9%

-0.2%

May 2016 2017114.6 119.1

Index



Source: Department of Statistics, Malaysia

Inflation Rate for Food January - May 2017 / 2016

Food at Home

Food away from Home

Rice, Bread & Other Cereals

0.8%

Vegetables

38.7%

5.0%

Fish & Seafood

5.9%

Fruits

2.9%

Food Productsn.e.c.

4.9%

Meat

3.9%

Milk & Eggs

-0.3%

Sugar, Jam, Honey, Chocolate &

Confectionery

1.0%

Oils & Fats

4.3%

4.3%

Inflation Rate by States, May 2017 / 2016

4.4%

3.2%

4.2%

4.4%4.4%

4.3%

3.3%

3.0%

3.6%

3.0%

Sabah & Labuan: 3.1%

Kedah & Perlis: 4.2%

Selangor &WP Putrajaya: 4.0%

MALAYSIA: 3.9%



MALAYSIA HALAL EXPORT 2016

Top 10 Halal Export Destinations

1 P.R.ChinaRM5.4 bil.

2 SingaporeRM4.8 bil.

3 USARM2.9 bil.

4 JapanRM2.7 bil.

5 NetherlandsRM2.3 bil.

6 IndonesiaRM1.9 bil.

7 ThailandRM1.5 bil.

8 AustraliaRM1.4 bil.

9 IndiaRM1.3 bil.R.O.KoreaRM1.3 bil.

Halal Export Value by Products Cluster 2016

Product CategoryValue (RM bil.)

Cosmetics and Personal Care 2.2Food and Beverage 18.6Halal Ingredients 12.8Industrial Chemical 1.7Palm Oil Derivatives 6.3Pharmaceutical 0.7Grand Total 42.2

Methodology:Export Halal Statistics is extracted from the Malaysia External Trade Statistics. Compilation of statistics for Halal exports products is based on companies registration number that received the halal certificate from the Jabatan Kemajuan Islam Malaysia (JAKIM) / Jabatan Agama Islam Negeri (JAIN). These companies registration numbers are then matched to the registration number of exporting companies as declared in the Department of Customs forms (electronically).

Source: Jabatan Kemajuan Islam Malaysia (JAKIM) and Department of Statistics, Malaysia

23.9

32.0(34.1%)

32.8(2.7%)

37.7(14.8%)

39.4(4.5%)

42.2(7.1%)

20.0

25.0

30.0

35.0

40.0

45.0

2011 2012 2013 2014 2015 2016

RM bi

l.

Year

Halal Export Value, 2011-2016

* Growth rate in bracket ().

10



International ReportU.S. Economic Indicators, May 2017

Real GDP: Percent Change from Preceding Quarter

Source: Bureau of Economic Analysis, Bureau of Labor Statistics

January February March April May

Inflation Rate 2.50% 2.70% 2.40% 2.20% 1.90%

Consumer Price Index 242.839 243.603 243.801 244.524 244.733

Unemployment Rate(%) 4.80% 4.70% 4.50% 4.40% 4.30%

Producer Price Index 111.5 112.0 112.2 112.7 112.8

Gross Domestic Product (GDP)growth – quarterly basis (%)

1.90% 1.90% 2.1% 0.70% 1.20%

(Note: GDP 2016 growth ThirdEstimate: 1.6%

Q4 2016 Advance Estimate

Q4 2016 Second Estimate

Q4 2016 Third Estimate (Final)

Q1 2017 Advance Estimate

Q1 2017 Second Estimate

2017Economic Indicators

Growth (%)



Global Retail Development Index, 2017

Rank Country

India

China

Malaysia

Score

71.7

70.4

Turkey

United Arab Emirates

Viet Nam

59.8

59.4

56.1

60.9

Indonesia

Philippines

Thailand

55.9

46.8

37.8

1

2

3

4

5

6

8

18

30

Source:https://www.atkearney.com/consumer-products-retail/global-retail-development-index/2017

Note:The Global Retail Development Index™ is an annual study that ranks the top 30 developing countries for retail expansion worldwide. The Index analyzes 25 macroeconomic and retail-specific variables to help retailers devise successful global strategies and to identify developing market investment opportunities. The GRDI is unique because it identifies today's most successful markets and those that offer the most potential for the future.



Source: Ministry of International Trade and Industry, Malaysia

0

20

40

60

80

100

120

140

160

180

200

0

5

10

15

20

25

30

35

40

45

50

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Generalised System of Preferences (GSP)

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.

Number and Value of Preferential Certificates of Origin (PCOs)

0

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,0002

Ap

r

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

1,400

0

500

1,000

1,500

2,000

2,500

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

0

50

100

150

200

250

300

350

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

0

20

40

60

80

100

120

140

160

180

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)


Note: * Provisional data



Source: Ministry of International Trade and Industry, Malaysia

Number and Value of Preferential Certificates of Origin (PCOs)

0

100

200

300

400

500

600

700

800

900

1,000

0

100

200

300

400

500

600

700

800

9002

Ap

r

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

140

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

1

2

3

4

5

6

7

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

10

20

30

40

50

60

70

80

90

100

0

2

4

6

8

10

12

14

16

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-China Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

500

0

50

100

150

200

250

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

0

50

100

150

200

250

300

350

400

450

500

2 A

pr

9 A

pr

16 A

pr

23 A

pr

30 A

pr

7 M

ay

14 M

ay

21 M

ay

28 M

ay

4 Ju

n

11 J

un

18 J

un

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


Note: * Provisional data



Source : Bank Negara, Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - June 2017

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.34814.2765

3.60

3.70

3.80

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 Feb Mar Apr May Jun

2016 2017

RM

USD 1 = RM

0.6615

0.6285

0.57

0.58

0.59

0.60

0.61

0.62

0.63

0.64

0.65

0.66

0.67


2016 2017

RM

CNY 1 = RM

12.0200

12.5762

10.00

10.50

11.00

11.50

12.00

12.50

13.00


2016 2017

RM

THB 100 = RM

3.6805

3.8579

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10


2016 2017RM

JPY 100 = RM

3.0323

3.0909

2.75

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20


2016 2017

RM

SGD 1 = RM

12.9926

14.1275

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00


2016 2017

RM

TWD 100 = RM



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.

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

CRUDE PETROLEUM (BRENT)-per bbl-

30 June 2017 : US$47.9, 5.2%*

Average Pricei : 2016: US$45.3 2015: US$53.6

CRUDE PALM OIL-per MT-

30 June 2017 : US$650.0, 5.6%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

30 June 2017 : US$1,540.0, 11.5%*

Average Pricei : 2016: US$1.394.5 2015: US$1.364.3

COAL -per MT-30 June 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

30 June 2017 : US$1,385.7, 9.0%*

Average Pricei : 2016: US$1,609.8 2015: US$2,077.0

SCRAP IRON HMS-per MT-

30 June 2017 : US$270.0 (high), unchanged US$240.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest 6 Jan 2017 : US$57.1 30 Dec 2016 : US$56.8

Lowest

23 June 2017 : US$45.5

15 Jan 2016 : US$28.9

Crude Petroleum

(Brent)-per bbl-

Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5

Lowest

15 Jan 2016 : US$545.5 30 June 2017 : US$650.0

Crude Palm Oil -per MT-

Domestic Prices30 June 2017

Steel Bars(per MT)

RM1,950 – RM2,100

Billets(per MT)

RM1,800 – RM1,900

SUGAR -per lbs-30 June 2017 : US¢ 13.6, 8.5%*

Average Pricei : 2016: US¢18.2 2015: US¢13.2



Commodity Price Trends

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.

693.0

715.0

673.0

688.8

711.5

741.0

749.5

722.5 720.0

707.0

688.5

650.0

600

620

640

660

680

700

720

740

760

13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May 2 Jun 9 Jun 16 Jun 23 Jun 30 Jun

US$

/mt

Crude Palm Oil

1,424.2

1,262.8

1,299.6

1,268.3

1,368.4 1,374.5

1,274.1

1,459.8

1,417.9

1,501.7

1,270.7

1,385.7

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550


US$

/mt

Cocoa

16.6 16.5

16.1

15.315.5

16.4

15.1

13.7

14.5

13.6

13.2

13.8

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

17.0


US¢

/lbs

Sugar

1,627.5

1,598.51,589.0

1,487.5 1,487.5

1,558.0

1,559.0

1,447.5

1,393.5

1,469.0

1,381.0

1,540.0

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650


US$

/mt

Rubber SMR 20

6,900 7,088 7,113

7,281

6,917 6,851 6,730

6,337

6,085 5,965

4,516

3,984

4,366

4,605

4,188

4,571

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2016 2017

USD

/ to

nne

Black Pepper

* until 31 May 2017** data for April & June 2017 are not available



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.

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

43.5

43.6

43.7

43.8

43.9

44.0

44.1

44.2


US$

/mt

Coal

1,481

1,531

1,531

1,571 1,551

1,594

1,629 1,639

1,592

1,666

1,737 1,728

1,791

1,861

1,901 1,921 1,913

1,400

1,500

1,600

1,700

1,800

1,900

2,000


2016 2017

US$

/ to

nne

Aluminium

4,472 4,599

4,954 4,873

4,695 4,642

4,865 4,752 4,722

4,731

5,451

5,660 5,755

5,941 5,825

5,684 5,600

4,000

4,500

5,000

5,500

6,000

6,500


2016 2017

US$

/ to

nne

Copper

8,507 8,299

8,717 8,879

8,660

8,928

10,263

10,336

10,192

10,260

11,129 10,972

9,971

10,643

10,205

9,609

9,155

7,000

7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

11,500


2016 2017

US$

/ to

nne

Nickel

53.2

49.6 49.3

46.2

47.8

50.349.8

47.7

45.8

44.7

43.0

46.3

55.9

52.0 51.7

49.1

50.8

53.6

52.2

50.0

48.247.4

45.5

47.9

40

42

44

46

48

50

52

54

56

58


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl




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

977.0981.0

948.0

911.0

925.0

946.0

964.0

935.0

942.0

926.0930.0

914.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0


US$

/oz

Platinum

300.0

295.0

290.0

280.0 280.0 280.0 280.0

270.0 270.0 270.0 270.0 270.0

290.0

275.0

280.0

270.0 270.0 270.0

260.0

240.0 240.0 240.0 240.0 240.0

220

230

240

250

260

270

280

290

300

310


US$

/mt

Scrap Iron

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

41.88

46.83

56.20

60.92

55.1351.98

57.26

60.8957.7959.09

73.10

80.02

80.41

89.4487.65

70.22

62.43

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2016 2017

US$

/dm

tu

Iron Ore

18.6

17.9

17.3

16.316.5

16.9

17.317.4

17.2

16.8 16.816.7

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0


US$

/oz

Silver

41.3 41.2

40.7

39.5 39.6

40.3

40.7

41.0

40.7

40.4 40.4

39.9

38.0

38.5

39.0

39.5

40.0

40.5

41.0

41.5


US$

/oz

Gold




MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEFirst Kick-Off Pitching Session for Local Technology

Start-Ups and Scale-Ups’, 22 June 2017



MEDIA RELEASE

The Ministry of International Trade & Industry (MITI) today announced that Malaysia had an eventful participation at the International Paris Air Show. The week long Air show which ends on 25 June, brings together aerospace players from the world over to network, exhibit and converge new product ideas, knowledge transfer and training capabilities, among others.

The National Aerospace Industry Coordinating Office (NAICO), CEO, Shamsul Kamar Abu Samah said that Malaysia’s aim at participating in the Air show was to showcase its home-grown companies at the global aerospace arena and he was proud to say that goal was accomplished.

The Malaysian small medium enterprises (SMEs) recorded an achievement of USD17.2 million of potential sales from their participation at the event. The 10 SMEs are from the EPP8: Developing SMEs in the Global Aerospace Manufacturing Industry Programme under SME Corporation Malaysia. These companies were identified to be further developed as part of the Government’s initiative to expand the local aerospace supply chain. Throughout the event the SMEs participated in business networking meeting with major industry players. Malaysia was able to achieve this due to the strategic collaborative efforts between NAICO under MITI, SME Corporation Malaysia, Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA) and the SMEs.

A total of 3 Memoranda of Understanding (MoU) and 1 Letter of Intent (LOI) were signed during the event. Major highlights include Malaysia Airport Holdings Berhad’s (MAHB) signing with two companies namely Gyeongnam Techno Park (GNTP) from South Korea on manufacturing (aero structures, components, tools & jigs) and MRO for aero-engine and components and Denmark based Skyways Technics on the expansion plan within the Malaysia Airports’ aerospace ecosystem. The Letter of Intent (LOI) between Aerospace Malaysia Innovation Center (AMIC) with AIRBUS and The French Government’s Ministry of National Education (MENESR) will look into developing new innovative methods of training for aerospace engineers and blue collar workers in Malaysia

Malaysia continued its successful streak with Air Asia Group winning four awards at the 2017 Skytrax World Airline Awards held in conjunction with the Air show. Air Asia won the World’s Best Low-Cost Airline 2017, Best Low-Cost Airline in Asia 2017, World’s Best Low-Cost Airline Premium Cabin 2017 and World’s Best Low-Cost Airline Premium Seat 2017 awards.

Another notable event is the signing of an MoU between the Malaysia Aerospace Industry Association (MAIA) with the Taiwan Aerospace Industry Association (TAIA) on aerospace development, particularly in the area of human capital development, R&T, aerospace capabilities and business opportunities between Malaysia and Taiwan. This collaboration is timely as various OEM strategies pivot towards the high growth regions such as Asia Pacific which aims to capture 40 per cent of new commercial aircraft fleet growth. Taiwan’s aerospace industry development have been recording a healthy 15% growth per year since 1992, prompting MAIA to form this collaboration as part of its effort in positioning Malaysia as a capable and competitive manufacturing, MRO and services base that is able to supplement and integrate with the Taiwanese and regional aerospace sectors.

The Malaysian Government will continue to promote the aerospace eco-system to accelerate local supply chain development as well as to bring in cutting-edge technology to the country. This is in line with Malaysia’s Industry 4.0 initiative to enhance Malaysia’s competitiveness at the global arena. The export promotion of aerospace services will remain an important activity to promote Malaysia as the regional aerospace hub in South East Asia.

Ministry of International Trade and Industry (MITI) 23 June 2017

MALAYSIA FLYING HIGH AT THE INTERNATIONAL PARIS AIR SHOW 2017



Announcement

Futures Thinking

Kindly click https://www.mti.gov.sg/ResearchRoom/Si teAssets/Pages/Future-Tense-2016/Future%20Tense%202016.pdf to download this publication.



of Technical TermsFTA Free Trade Agreement – an agreement between two or more countries with the aim of liberalising the trade of goods and services and access to investment between those countries. An FTA does this by removing barriers to trade, such as eliminating most (if not all) tariffs and removing quotas on goods that can be exported or imported. FTAs currently pursued with selected countries are not confined to liberalisation and market opening measures alone. They are comprehensive and include investment, trade facilitation, intellectual property rights (IPR) as well as economic cooperation in areas such as:

• competition policy;• standards and conformity assessment;• information and communication technology;• science and technology;• education and training;• research and development;• financial cooperation;• Small and Medium Enterprises (SMEs) development; and• paperless trading.

Financial AccountRecords the sales of assets i.e. sales of assets to foreigners and purchases of assets located abroad.

Financial DerivativesFinancial derivatives are financial instruments that are linked to a specific financial instrument or indicator or commodity, and through which specific financial risks can be traded in financial markets in their own right. Transactions in financial derivatives should be treated as separate transactions rather than as integral parts of the value of underlying transactions to which they may be linked. The value of a financial derivative derives from the price of an underlying item, such as an asset or index. Unlike debt instruments, no principal amount is advanced to be repaid and no investment income accrues. Financial derivatives are used for a number of purposes including risk management, hedging, arbitrage between markets, and speculation.

Financial derivatives enable parties to trade specific financial risks (such as interest rate risk, currency, equity and commodity price risk, and credit risk, etc.) to other entities who are more willing, or better suited, to take or manage these risks—typically, but not always, without trading in a primary asset or commodity. The risk embodied in a derivatives contract can be traded either by trading the contract itself, such as with options, or by creating a new contract which embodies risk characteristics that match, in a countervailing manner, those of the existing contract owned.



Desiderata Go placidly amid the noise and haste,

and remember what peace there may be in silence.As far as possible without surrenderbe on good terms with all persons.

Speak your truth quietly and clearly;and listen to others,

even the dull and the ignorant;they too have their story.

Avoid loud and aggressive persons,they are vexations to the spirit.

If you compare yourself with others,you may become vain and bitter;

for always there will be greater and lesser persons than yourself.Enjoy your achievements as well as your plans.

Keep interested in your own career, however humble;it is a real possession in the changing fortunes of time.

Exercise caution in your business affairs;for the world is full of trickery.

But let this not blind you to what virtue there is;many persons strive for high ideals;

and everywhere life is full of heroism. Be yourself.

Especially, do not feign affection.Neither be cynical about love;

for in the face of all aridity and disenchantmentit is as perennial as the grass.

Take kindly the counsel of the years,gracefully surrendering the things of youth.

Nurture strength of spirit to shield you in sudden misfortune.But do not distress yourself with dark imaginings.

Many fears are born of fatigue and loneliness.Beyond a wholesome discipline,

be gentle with yourself. You are a child of the universe,

no less than the trees and the stars;you have a right to be here.

And whether or not it is clear to you,no doubt the universe is unfolding as it should.

Therefore be at peace with God,whatever you conceive Him to be,

and whatever your labors and aspirations,in the noisy confusion of life keep peace with your soul.

With all its sham, drudgery, and broken dreams,it is still a beautiful world.

Be cheerful.Strive to be happy.

Max Ehrmann (1927)



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