...ASSIGNMENT 1 Introduction : Recent years ,Malaysia is keeping on priming of economy,their aim is to determine the Malaysia into a high-income developed nation.so they has been proposed the economic transformation programme ,the programme is a comprehensive effort that will transform Malaysia into a high-income nation ,and change the country's main productivity from the agricultural to the Industrialization by 2020. The Economy transformation programme is follow a quite different way from the past to develop the economy . This programme planning to focus on the core development area : the 12 national key economic areas(NKEAs) ,including oil gas and energy ,palm oil and rubber, financial services,tourism,business service,electrical and electronic,wholesale and retail ,education,healthcare , Communications Content and Infrastructure; Agriculture; and Greater Kuala Lumpur/Klang Valley.which are choose from the Malaysia' s advantage industry and the future potential industry.those key economic areas will bring a huge amount of profit contribute to Malaysia 's economy ,and those areas will be acquired the public investment and government support in prior。Besides,those Key economic area will be get policy reforms such as the remove the economic competition barriers and market liberalization .This program will involve the deliberate choices and trade-offs. Prioritize investment in key economic sectors means less investment in other areas. To bring about meaningful change for...
Words: 3871 - Pages: 16
...sector in Malaysia Lecturer: Dr. V.G.R. Chandran Govindaraju Group Members: EGA 140020 Lu Tianyue EGA 140022 Zhang Xin EXGA 6112 The Malaysian Economy -- Assignment 1 Malaysia Agriculture Group: EGA 140020 Lu Tianyue EGA 140022 Zhang Xin Malaysia's agriculture is an important part of Malaysia's economic growth. According to World Bank data shows that in 2014 agriculture accounted for 9.3 percent of Malaysia Malaysia's GDP, (industry: 34.7% and services: 56%), however, the number of farmers 16 percent of the total population. Malaysia's environment is suitable for the development of farming, according to the World Bank and the Wikipedia data below Malaysia cultivated land(km2) is 75,567 and cultivated land（％）is 23.0. We need rational use and development of property nature gives us. Increase in production at the same time to expand cultivation. Malaysian agricultural probably with two parts, namely, enterprise and personal. Personalized part account for about 75 percent of the entire agricultural sector. Personalized relatively entrepreneurial farmer is less commercialization and lack of effective management. According to the data show the age of farmers aging in the region, more than 45 years of age accounted for 70% of farmers. Farmer’s age Persentage 45 years old 70% Malaysia should reduce unnecessary imports of agricultural products; increase the total value of agricultural production to form self-sufficiency. If Malaysia can increase...
Words: 1485 - Pages: 6
...CASE STUDY MALAYSIA ECONOMIC STRUCTURE SUMMARY THE CASE Malaysia has emerged as a multi-sector economy in the 21st century from being a producer of raw materials until 1970. Efforts are being made by the government to promote value-added production by luring foreign investment in pharmaceuticals, technology industries and medical technology. Some major industries in Malaysia are electronics, electrical products, chemicals, food and beverages, metal and machine products and apparel. Malaysian exports played primary role in the country’s economic growth. In the last two decades of the 20th century, Malaysia experienced an annual GDP growth of 7% along with low inflation. In 2009, the nominal per capita GDP stood at US$6,761 and the nominal GDP at US$191.4 billion. However, given the openness of its economy with trade accounting for about 200 percent of gross domestic products (GDP), Malaysia was not spared from the negative effects of the United States economic slowdown and global electronics downturn; These were manifested in declining manufacturing production and negative export growth, particularly of electronics. Nevertheless, concerted efforts initiated by the government since the 1997/98 Asian financial crises to stimulate economic growth through accelerating domestic economic activities and reducing the over-dependence on exports helped the nation to sustain a positive real GDP growth, albeit at a modest rate of 0.4 percent in 2001 (2000: 8.3 percent). This growth...
Words: 619 - Pages: 3
...PERBELANJAAN PEMBANGUNAN KERAJAAN PERSEKUTUAN 1970 - 2012 (RM JUTA)FEDERAL GOVERNMENT DEVELOPMENT EXPENDITURE 1970 - 2012 (RM MILLION) UPDATED AS AT JUN 2013 KESELAMATAN/SECURITY Pertahanan/Defence Keselamatan dalam negeri /Internal Security PERKHIDMATAN SOSIAL/SOCIAL SERVICES Pendidikan dan latihan/Education and training Kesihatan/Health Perumahan/Housing Lain-lain/Others PERKHIDMATAN EKONOMI/ECONOMIC SERVICES Pertanian dan pembangunan luar bandar Agriculture and rural development Kemudahan awam /Public utilities Perdagangan dan perindustrian/Trade and industry Pengangkutan/Transport Perhubungan/Communications Lain-lain/Others PENTADBIRAN AWAM /GENERAL ADMINISTRATION JUMLAH/TOTAL 1 3 3 2 2 1 1 1970 172 172 0 80 44 20 11 5 451 198 20 100 80 53 0 22 725 1971 217 217 0 144 86 23 27 8 703 235 31 260 148 29 0 21 1,085 1972 211 184 27 171 112 27 15 17 836 307 42 177 234 76 0 24 1,242 1973 110 70 40 200 142 34 12 12 786 334 49 180 184 39 0 32 1,128 1974 242 148 94 277 187 42 33 15 1,313 436 55 462 314 46 0 46 1,878 1975 229 116 113 328 212 57 31 28 1,398 506 118 223 486 65 0 196 2,151 1976 435 338 97 316 227 47 29 13 1,550 514 133 296 561 46 0 77 2,378 1977 470 351 119 452 274 44 122 12 2,129 591 250 417 652 219 0 166 3,217 1978 491 316 175 614 252 48 294 20 2,529 716 339 601 637 236 0 148 3,782 1979 713 530 183 962 339 59 427 137 2,511 877 395 348 675 216 0 95 4,281 1980 1,222 812 410 1,173 558 80 295 240 4,856 1,147 665 1,567 1,031 0 446 219 7...
Words: 1595 - Pages: 7
...The fastest-growing economies of Malaysia in the developing world is start from year 1970s. Malaysia transformed from a major exporter of palm oil, rubber, tin, tropical timber and other primary commodities to the exporter of manufactured goods and this cause the country Per capita income become doubled in less than a generation. From year around 1970 until year 1980, economic growth was raise around 7.7% and it also raise to 5.8% in year 1980 to year 1990. In year 1990 to year 2005, the economic growth about 6.5%. During year 2008, crisis of financial appear and it caused the economic growth reduce. At the same time, Malaysia having a transformation from primary sector (agriculture based economy) to secondary sector (industrial based). The...
Words: 832 - Pages: 4
...Ekonomi Malaysia pada Tahun 2005 2-18 6-7 10-15 18-36 37-42 42-50 50-70 65-68 70-72 Tinjauan Keseluruhan Rencana: Keluaran Potensi Ekonomi Malaysia Rencana: Pembangunan Perusahaan Kecil dan Sederhana Kajian Mengikut Sektor Keadaan Permintaan Dalam Negeri Harga dan Guna Tenaga Sektor Luar Negeri Rencana: Penyusunan Data Hutang Luar Negeri Malaysia: Mengambil Kira Entiti Kewangan Luar Pesisir di Labuan IOFC sebagai Pemastautin Aliran Dana Ekonomi Malaysia pada Tahun 2005 TINJAUAN KESELURUHAN Biarpun berhadapan dengan harga minyak yang berterusan tinggi dan kitaran elektronik global yang menurun, keluaran dalam negeri kasar (KDNK) benar meningkat 5.3%. Pertumbuhan dipacu oleh sektor swasta dan didorong pula oleh dasar makroekonomi yang menyokong, serta keadaan kewangan yang menggalakkan. Permintaan pengguna swasta kekal mapan dengan pertumbuhan yang kukuh, sementara pelaburan swasta berdaya tahan untuk terus menyokong pengembangan ekonomi. Sektor awam pula terus mengambil kesempatan persekitaran yang menggalakkan untuk mengukuhkan keadaan kewangannya supaya ke paras yang lebih mapan. Graf 1.1 KDNK Benar, Perdagangan Dunia dan Kadar Inflasi Perubahan tahunan (%) 15 10 5 0 -5 -10 KDNK Perdagangan Dunia IHP 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 KDNK benar mengembang 5.3% pada tahun 2005. Dasar makroekonomi yang sesuai serta keadaan kewangan yang menggalakkan terus meningkatkan daya tahan ekonomi dan menyokong pengembangan ekonomi yang seimbang. ...
Words: 39597 - Pages: 159
...1.0 Pengenalan Sistem kewangan merupakan satu sistem yang mengandungi institusi perbankan, pasaran kewangan, pengantara kewangan lain seperti dana persaraan dan syarikat insurans. Sebuah badan kawal besar, iaitu bank pusat yang menyelia dan mengawasi operasi pengantara kewangan ini. Ia merupakan satu sektor dalam ekonomi yang menggunakan sumber-sumber produktif untuk memudahkan pembentukan modal melalui peruntukan daripada pelbagai alat-alat kewangan, iaitu memenuhi pelbagai keperluan antara pemberi pinjaman dan peminjam. Maka, sistem kewangan memainkan peranan yang penting dalam mengerahkan(mobilizing), pengantara untuk simpanan(intermediating saving), dan memastikan sumber-sumber ini adalah diperuntukkan dengan cekap kepada sektor-sektor yang produktif. Selain itu, Wang yang dominan dalam sesebuah ekonomi sekarang ialah wang kredit, wang yang tercipta ekoran aktiviti sektor perbankan mengambil deposit dan mengeluarkan pinjaman. Perkembangan ini serta peningkatan pesat inovasi kewangan dalam ekonomi berasaskan kredit boleh mempengaruhi pertumbuhan ekonomi di sesebuah negara. Ini yang menjadikan peranan sektor kewangan terhadap pertumbuhan ekonomi sering menimbulkan perdebatan di kalangan ahli-ahli ekonomi. Misalnya Miller (1998) yang menyatakan bahawa sektor kewangan telah dilebih-nyatakan(over-stressed) terhadap pertumbuhan ekonomi. Manakala, ahli ekonomi lain seperti Schumpeter (1911) dan Mikinnon (1973) yang menggunakan pelbagai kaedah ekonometrik telah memberikan kesimpulan...
Words: 3302 - Pages: 14
...In 1991, Mahathir Mohamad, reached his tenth year as prime minister of Malaysia, a country that observed a long period of economic stability with an annual average economic growth of 6.2% in the previous decade. Concerned about the new stages of economic development Mahathir went to New York looking for of foreign investment. In that time, the timber exportation had brought more foreign exchange than tin and rubber exportation. However, studies had indicated that this harvest without a rigid control would lead to a rapid deforestation of the region. Environmental groups, that said be concerned about the consequences of deforestation, threatened to boycott the use in the Western of timber-derived products produced by Malaysia. In this scenario, the question to be analyzed is to answer to international pressure of environmentalists, to ensure the attraction of new investments, without an abrupt break with the timber industry, essential for the politic economic and social stability of the country. The most appropriate decision is partially accept the demands of environmentalists. The short-term action is to resume the agenda of the International Tropical Timber Organization (ITTO) to search results that combine economic viability and environmental of the timber industry. Although internally controversial, the deforestation reduction will be naturally seen as a market move in response to projections of falling of commodities prices. In the long term, the country should direct...
Words: 486 - Pages: 2
...An Emperical Study of Export ,Import And Economic Growth in Malaysia Meloney Antong & Kartini Binti Kapin Department of Economics, Faculty Economics and Business Universiti Malaysia Sarawak ------------------------------------------------- Abstract This paper investigates the relationship between export and import to economic growth. This paper is an attempt to carry out an empirical examination of the hypothesis on export-led growth. It also determines the direction of causality between exports, import and output, and investigates short and long-run dynamic impact of exports, imports on GDP growth in case of Malaysia. ------------------------------------------------- Keywords : Economic Growth, GDP, Export and Import. 1. Introduction Development is the main aim of any economy. The basic of economic development is economic growth. In order to promote economic growth, export-led growth is considered as the key to accelerate the rewards of all factors of production. Economic growth can related to many various factor. The main aim for any economy is development and economic growth is the basic of economic development. Export can be define as the goods and services that produce in the country and sold to the other countries. While, import is the goods and services that bought into other country for trade purpose. But, its depend to the import quotas, tariffs and agreement between the country. Export will represent the important sources of foreign exchange...
Words: 2825 - Pages: 12
...Universiti Malaysia Sarawak 94300 Kota Samarahan Sarawak, Malaysia Modern Economics (SSF 1074) Lecturer’s Name : Dr. Wong Swee Kiong Faculty : Faculty Of Social Science Group Leader : Tan Chia Wee Group Member : Chong Man Hing : Niroshan A/L Somu : Malvindersingh A/L Sarbansingh : Azura Binti Mortadza : Faridah Bt. Jamil Question No : 4 Introduction Poverty is a serious issued not only in Malaysia but the world. Poverty can cause a child starving without food, without education opportunity and a bad living environment. So, to help this people, the important things are to increase their income and they will out of the poverty line. Economic growth is often seen as a means of poverty elimination. There are often have some debate whether poverty really could be eliminating by the strength of economic growth or not. Economic growth means quantitative change or expansion in a country’s economy. Economic growth is conventionally measured as the percentage increase in Gross Domestic Product (GDP) or Gross National Product (GNP) during one year (Soubbotina & Sheram, 2000). Background of Study The important things in this study were to find out whether economic growth can really eliminate the poverty generally in Malaysia or Sarawak specifically. Besides that, some issues or idea would be discuss that should be taken into consideration to ensure that economic growth would contribute to poverty elimination in Malaysia. The study also...
Words: 2138 - Pages: 9
...ECONOMIC BACKGROUND OF MALAYSIA Malaysia is a small and open state-oriented and newly industrialized market economy. The code for the Malaysia currency is MYR. The currency of Malaysia is Ringgit Malaysia (RM) and is unofficially identified as the Malaysian dollar. Ringgit comes into notes and coins. A Ringgit can be divided into 100 cents. The currency is denominated into RM1, RM2, RM5, RM10, RM50 and RM100 while the Ringgit is denominate into 5 cents, 10 cents, 20 cents and 50 cents. The currency of Malaysia is currently pegged at RM3.80 to US$1.00. Malaysia centre bank is Bank Negara Malaysia. Malaysia main trading partner is U.S, Japan and Singapore. Through the background economic of Malaysia, the largest deposits of tin in the 1840s led to Malaysia is being responsible for nearly half of the world’s tin output. Started in the early 20th century, the booming of the country’s agricultural sector is being seen that the rubber is replacing tin as Malaysia main export product. Today, Malaysia is one of the largest exporters of semiconductors and electronic goods. The factories devote about 30% Malaysia’s total manufacturing sector output and there are 40 semiconductor companies operating in Malaysia. By the time, the International multi-national companies have set up assembly and testing units in Malaysia. The important reserves of oil and gas are founded. The oil production occurs near Peninsular Malaysia as well as the regions of Sabah in east Malaysia ad Sarawak....
Words: 4350 - Pages: 18
...The Economy of the Philippines and Its Neighbors: Indonesia and Malaysia By Larry Gulley In Partial Fulfillment of Requirements for MGMT 220: Individual Project 3 AIU June 30, 2012 Abstract The economy of the Philippines, as well as that of its neighbors, Indonesia and Malaysia, has weathered some rough patches. This area of the world has not lived up to its potential in spite of its naturally rich resources. But they are showing improvement, especially Malaysia. These countries compete with tourism and the services area. They also have strengths in agriculture and manufacturing. Table of Contents Economy of the Philippines Speaker Notes……………………………………………...1 Introduction………………………………………………………………………………4 Economy of the Philippines…………………………………………………………....4 Economy of the Philippines 2012……………………………………………………..4 Philippines Economic Strengths………………………………………………………4 Economy of Indonesia………………………………………………………………….5 Economy of Indonesia 2012…………………………………………………………...5 Indonesia Economic Strengths………………………………………………………..5 Economy of Malaysia…………………………………………………………………...6 Economy of Malaysia 2012…………………………………………………………….6 Malaysia Economic Strengths…………………………………………………………6 Impacts of Economic Strengths………………………………………………………..7 Investing in the Philippines: Management Issues……………………………………7 Investing in the Philippines: Management Issues……………………………………8 Conclusion……………………………………………………………………………….8 References…………………………………………………………………………………..9 Economy...
Words: 1268 - Pages: 6
...EXAMPLES OF STATUTORY BODIES IN MALAYSIA IN TERMS OF ECONOMIC AND SOCIAL DEVELOPMENT The existence of statutory bodies has contributed a lot towards the development of Malaysia. Some of the developments can be seen in terms of social value and economic value. There are a number of statutory bodies in Malaysia that have contributed towards both the developments mentioned earlier. However, this report will only focus on three examples of statutory bodies in Malaysia, which consist of two statutory bodies that have contributed towards economic development and one statutory body that has contributed towards social development. ECONOMIC VALUE DEVELOPMENT Lembaga Tabung Haji Lembaga Tabung Haji is one of the many examples of statutory body that has contributed towards the development in terms of economic value in Malaysia. Lembaga Tabung Haji is an institution that was established with a focus on Islamic Finance in Malaysia. It was established in 1963. Lembaga Tabung Haji is the largest Islamic fund manager in Malaysia, with funds in excess of RM36 billion (Lembaga Tabung Haji, 2013). Lembaga Tabung Haji has 50 years of experience in terms of deposits, pilgrim services and operations, as well as investments. This many years of experience has strengthened its reputation in the country and proves that it is a very successful institution. Lembaga Tabung Haji has been striving for the economic empowerment of Muslims in Malaysia to leverage existing funds and resources. As a means to...
Words: 2284 - Pages: 10
...Proposal for Effects of Foreign Direct Investment towards Economic Growth, Exchange Rate, and Management Skills in Malaysia Research Method (MKT651) Noor Azyan Syawanie Bt Abdul Ghani Nur Athirah Binti Mohamadzin Nur Aishatul Adila Binti Adnan Effects of Foreign Direct Investment towards Economic Growth in Malaysia Introduction Malaysia is a nation that has been working itself up from the predominantly mining and agricultural based economy towards a more multi-sector economy. To achieve a faster economic growth, Malaysia has accepted an unparalleled opportunities for developing this country through globalization (Athukorala, 2003). An offer of combination of locational advantages by the government is a factor that foreign investors got tempted with (Farhad, Alberto, & Ali, 1999), to invest in Malaysia. Foreign investors has been encouraged by the Government to invests in Malaysia in which has the advantage of having a well-developed infrastructure, industrious workforce, as well as politically stable nation with a good legal system with the additional attractiveness of incentives for the foreign investors. In other words, foreign investors are attracted to invest in Malaysia because of the lower cost of production (Wong, 2005). FDI is a medium for acquiring skills, technology, organizational and managerial practices and access to market, besides being the source of finance and employment (Farhad, Alberto, & Ali, 1999). There are a lists of exports by...
Words: 2156 - Pages: 9
...MALAYSIA – SINGAPORE RELATIONS: THE SECURITY DILEMMAS INTRODUCTION ‘It's impossible to be friendly with Singapore because of the neighbouring city states’ unfriendliness towards Malaysia. Singapore gets into that kind of mood that they reject anything that comes from Malaysia. We try to be as friendly as possible but it's impossible’.[1] Tun Dr. Mahathir Mohamad Former Malaysia Prime Minister “…we fear that at some time or other there could be a random act of madness like cutting off our water supplies, which they had publicly threatened whenever there were differences between us… we have to be prepared for all contingencies”.[2] Lee Kuan Yew Former Singapore Prime Minister Singapore became a part of Malaysia in 1963. On the part of Singapore, such was a welcomed move as Singapore lacks the depth, mass and resources deemed necessary for development and survival. On the part of Malaysia, however, it started-off as a half-hearted decision, with Tunku Abdul Rahman fearing that the Chinese population in Singapore would, after the merger, upset the Malay majority in Malaya. In May 1960, he told Malayan students in London that “(The) Chinese-educated and new immigrants will always be loyal to China and they are less Malay-minded,” and that the inclusion of the 1.3 million Chinese would confuse Malayans and ruin the calm atmosphere of the Federation[3]...
Words: 9732 - Pages: 39
