10,000 Malaysian Smes Listed on Alibaba Platform Malaysia May Be
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10,000 Malaysian SMEs Listed on Alibaba Platform 10,000 Malaysian small and medium enterprises (SMEs) are listed on international marketing technology platform Alibaba, said International Trade and Industry Minister Dato’ Sri Mustapa Mohamed. Mustapa said the listing of the SMEs, under the Malaysia External Trade Development Corporation’s (Matrade) e-commerce scheme, could help them penetrate overseas markets. “This is an instance of economic cooperation between Malaysia and China, and is expected to benefit SMEs in the country,” he said at the Ministers’ Question Time session at the Dewan Rakyat yesterday. He was replying to Datuk Nawawi Ahmad (BN-Langkawi), who wanted to know the investment, trade and employment benefits to Malaysia from the recent trade mission to China that reportedly brought investments worth RM144 billion into the country. To a supplementary question from Takiyuddin Hassan (PAS-Kota Bharu) on Malaysia’s stand and the status of the Trans- Pacific Partnership Agreement (TPPA) after Donald Trump’s victory in the US Presidential election, Mustapa expressed hope the US would not make drastic changes to the trade pact. “We read his (Trump’s) previous statement on this as rather harsh, but we see that he has changed his views on several issues. We hope this will also happen with the TPPA. We believe the US as a trading nation will not change its policies much. There will definitely be policy changes, but they will not be so radical,” he said. The TPPA will also be included in the agenda for the Asia-Pacific Economic Cooperation (APEC) meeting to be held in Peru soon, he added. Bernama, 11 November 2016 Malaysia May Be Affected if TPP Collapses, Trade Minister Says Malaysia may be affected if the Trans-Pacific Partnership (TPP) were to be discontinued following Donald Trump’s victory in Tuesday’s US presidential election. A study conducted by the Ministry of International Trade and Industry (MITI) found that the TPP would help boost Malaysia’s gross domestic product, revenue and job creation, its minister, Dato’ Sri Mustapa Mohamed said. He said another study conducted by PricewaterhouseCoopers (PwC) projected that one million jobs would be created in the country within 10 years after the TPP’s ratification, which was set for 2018. “If there is no TPPA (TPP Agreement), then those would not be generated,” he told reporters after delivering a keynote address at the Australian Business Asia Conference organised by the Malaysia Australia Business Council (MABC), here today. Mustapa said Malaysia remained committed to the agreement, and would discuss the trade pact at the Asia-Pacific Economic Cooperation (APEC) meeting in Peru in two weeks’ time. “For now, it’s too early to say what will happen, but we are monitoring the development and we are talking to our colleagues from 11 other countries,” he said. Twelve countries—the US, Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Peru, Singapore, Vietnam and Malaysia — concluded the TPP negotiations in Atlanta on Oct 5 last year and signed the trade deal in Auckland on Feb 4 this year. The TPP is a free-trade agreement that has been negotiated as part of the larger Trans-Pacific Strategic Economic Partnership since 2010. In his speech, Mustapa said Australian and Malaysian businessmen should explore doing business together and penetrate into third world countries. “Malaysia has a big presence in Australia and they are also an important investor here like LendLease, the biggest developer in Australia. Their presence here reflect their confidence in the Malaysian economy and we hope this will open the doors for more Aussie companies to Malaysia,” said Mustapa. In 2015, total trade and investments between Australia and Malaysia stood at US$16 billion (RM68.1 billion). Bernama, 10 November 2016 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 Malaysia MITI Weekly Bulletin | www.miti.gov.my Economy at a Glance Q3 2016 GDP GDP at Constant 2010 Prices Growth Rate RM 281.1 billion 4.3% GDP at Current Prices RM 312.0 billion 4.2% GNI per Capita at Current Prices (Jan-Sep 2016) RM 37,914 billion PRODUCTION Share to GDP Growth Rate (constant 2010 prices) Services Mainly Led by Wholesale & Retail Trade 4.6% and Information & Communication 6.1% 8.9% Manufacturing 54.2% Contributed by Electrical, Electronic 8.2% & Optical and Petroleum, Chemical, 4.2% GDP Rubber & Plastic Products Q3 2016 Mining & Quarrying Supported by the surge in crude oil 3.6% RM281.1b production Agriculture Negative growth in Palm Oil and 22.7% Forestry & Logging 5.9% Construction Note: Exclude import duties Propelled by Civil Engineering and 7.9% Residential Buildings EXPENDITURE Private Final Consumption Government Final Consuption 3.1% Gross Fixed Capital Formation 2.0% 54.6% share Exports Imports 1.3% 2.3% 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 GROSS DOMESTIC PRODUCT Q1 2014 - Q3 2016 6.5 6.3 5.6 5.7 5.7 4.9 4.7 4.5 4.3 4.0 4.2 240.8 248.7 257.2 265.8 254.5 261.0 269.4 277.9 265.1 271.3 281.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 GDP at constant 2010 prices (RM billion) Growth (% y-o-y) GDP @ CONSTANT 2010 PRICES 152.4 150.4 146.4 143.7 143.3 143.3 138.5 137.7 136.3 132.0 128.2 63.8 63.8 63.7 61.3 61.2 60.8 60.6 58.8 58.3 58.0 54.9 13.1 12.6 12.1 12.0 11.9 11.6 11.1 11.0 10.9 10.6 10.3 26.7 26.1 25.1 24.8 24.8 24.6 24.4 24.3 23.8 23.6 23.3 23.2 23.0 22.6 22.4 22.4 22.0 21.7 21.3 21.2 20.8 20.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 Services Manufacturing Agriculture Mining and quarrying Construction ECONOMIC GROWTH 19.3 Constant 2010 Prices 7.0 7.9 6.8 6.1 4.2 2.6 3.6 0.0 -5.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 Services Manufacturing Agriculture Mining and quarrying Construction 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 Population Projections, 2010-2040 Malaysia’s population increased by 2040 12.9 million within 30 years. 41.5 million 2010 2010 2040 28.6 million Annual population growth rate in 2010 and 2040 Population by Ethnic Percentage change for the ethnic groups in 2040 0.9% 7.3% Bumiputera 4.8% Chinese 4.5% 2010 24.5% 67.3% Indians 0.9% Others 0.6% Sex Ratio 2010 14.7 106 : 100 13.8 million million 2040 21.6 19.9 million 108 : 100 million 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 Change in population age structure Age 0-14 years Age 15-64 years Age 65+ years Percentage of old age increases significantly 2010 27.4% 67.6% 5.0% 2040 18.6% 66.9% 14.5% Effects of changes in age structure Median age Dependency ratio Ageing Population 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 Indonesia Economic Indicators 2015 1,913,579 km2 Land Area US$ billion Population 857.6 GDP (current prices) million people 255.5 GDP Growth % FDI Inflow 4.8 US$ billion Exports 16.1 US$ billion Rank: 30 150.3 Inflation Rate Imports US$ billion % Rank: 30 142.7 3.4 Total Trade Unemployment Rate Rank: 31 6.2 % 293.0 US$ billion Sources: ASEAN Statistics, IMF and WTO Malaysia’s Trade with Indonesia, 2005 - 2015 US$ billion 19.0 19.4 18.3 18.2 14.8 15.4 13.5 11.4 11.5 9.0 11.5 7.7 10.5 10.1 9.7 9.1 8.9 8.9 8.5 7.3 7.5 8.0 6.3 6.2 6.6 6.8 4.9 5.2 4.9 5.6 4.4 4.1 3.3 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 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 International Report US Trade in Goods and Services January-September 2016 Imports Total Trade Trade Balance Exports Goods: US$2,731.2b Goods: US$-551.0b Services: US$932.7b Services: US$184.1b US$2,015.4b Exports Imports US$1,648.5b Goods: US$1,090.1b Goods: US$1,641.1b Services: US$558.4b Services: US$374.3b Major Exports Major Imports Goods*: Goods*: Capital Goods: US$404.0b Capital Goods: US$450.1b Industrial Supplies: US$329.1b Consumer Goods: US$439.3b Consumer Goods: US$148.8 Industrial Supplies: US$381.0b Services: Services: Travel: US$156.4b Travel: US$90.8b Intelectuap Property Charges: US$90.1b Transport: US$72.3b Financial: US$62.3b Insurance: US$35.4b Note: *Trade in goods by principal end-use category.