...Executive Summary The Malaysian economy has been experiencing waves and waves of turmoil from multiple macroeconomics aspect for the past few years and it is no longer resilient as it used to be. There is no short cut to do a quick fix to our ailing economy and reviving it to a strong and sustainable growth path will require a long term effort. Therefore by understanding the factors that contributed to its demised will allow us to better evaluate if a particular approach to safe the economy is potentially viable or just another disastrous attempt. Thus, we have to meticulously examine every long term step that we take. The Factors According to Esther (2015a) one of the factors contributing to the fall of our economy is declining private consumption growth. Private consumption indicates the consumption of goods and services by households and it has been slowly declining over the past few years. Private consumption growth was at 8.2% in 2012, 7.2% in 2013 and drops back to 7.1% in 2014. The projection by Bank Negara for year 2015 is 6%. Consumers are holding back their spending during school holidays, festive seasons and yearend sales. This is mostly due to cautious spending by the consumers. Most of the retailers suffered a drop in their profit margin. Malaysia is still a resource-based country and the Government is heavily dependent on oil revenue. The country’s oil-related revenue is at RM63 billion in 2013, it accounts for 29.5% of the total government income. Falling...
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...1Malaysia - Concept and Values By Ir. Dr Hasnul Mohamad Salleh Abstracts Upon ascending to Malaysia’s highest public office on April 2009, the Prime Minister of Malaysia, YAB Dato’ Sri Najib Tun Razak has made waves to all corners of the nation with the introduction of 1Malaysia concept. The concept evolves around culture of excellence, perseverance, acceptance, education, integrity, meritocracy, humility and loyalty. It also encompases NKRAs on six major issues. Since independent, national unity has been made top priority – unity in education, culture, socio-economy, political, regional, etc. 1Malaysia seeks to improve the relations of all Malaysians, regardless of racial, religious or cultural backgrounds. There are certain major concerns that need to be addressed in order to seriously engage in 1Malaysia concept. Without correcting them, all efforts will be in vain. 1Malaysia concept caters the needs of all sector of the plural society and to ensure equal distribution of wealth between racial groups, between states and federal. Integrity on the part of the government and the public sector is one matter. The introduction of NKRAs and KPIs is a laudable move. The managing of all spectrums of unity (not just racial) is to be given proper thinking. In order to move Malaysia towards a better society, identity and future hence unity and integration should promote co-operation between race, beliefs and region as one Malaysia, not as Sarawakian or Sabahan. The trust and aspiration...
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...Purina Petcare Company is a leading company in the pet products industry. Purina Petcare Company is truly dedicated to improving the lives of cats and dogs through quality nutrition and care. Core philosophies include promoting responsible pet care, humane education, community involvement, and the positive bond between people and their pets. PURINA Petcare Company was formed when Friskies PetCare Company and Ralston Purina merged in December 2001. The new organization combines their rich histories, diverse resources and complementary strengths, offering pets and their owners a wide variety of innovative, high-quality and nutritious products. Competitors of the Company: * Iams Proactive Original ( www.iams.com ) * Hills Pet ( www.hillspet.com ) * Whiskas ( www.Whiskas.com ) Suppliers: * Shouguang Xincheng Food Co., Ltd. (supplies raw materials for manufacturing) * Qingdao Odenry Pet Product Co., Ltd (supplies raw materials for manufacturing) * Pet Center Inc. China Co., Ltd. (supplies raw materials for manufacturing) Intermediaries: * Hileytech Sdn Bhd (reseller of pet food and other services) * Pet Lovers Centre (retailer of certain cat food products and vet services) * Qian Hu The Pet Family Sdn Bhd (seller of certain cat food products and services) Customers: * Pet-specific customers (those who only look for specialty store that caters their own specific pet. For example, cat enthusiasts only visit stores that only specializes in...
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...everyone’s mind. The other question that is being asked is should the Malaysia ringgit be pegged again? It is exactly 10 years since the peg on the ringgit was removed. Then prime minister and finance minister Tun Mahathir Mohamad pegged the ringgit at RM3.80 to US$1. Malaysians started getting worried when the ringgit’s value dropped drastically immediately after global crude oil prices plunged in September 2014, depreciating 16.4 per cent against the US dollar. It is so bad that the Malaysian currency is now Asia’s worst performing exchange rate this year. Malaysia has so many crises right now. One of the main crises is 1MDB. From Singapore point of view, protecting the ringgit from political fallout out may end up costing Malaysia more than any bailout for the debt-ridden 1MDB state fund, given the rate at which the central bank has been using its reserves in recent weeks. Bank Negara Malaysia (BNM) has taken an iron-fisted approach, barely allowing the ringgit to move since early July as investors became increasingly unnerved by the deepening scandal over how 1 Malaysia Development Berhad got into $11 billion of debt. On the same time, Prime Minister Najib Razak sacked his deputy, who had called on him to give Malaysians a better explanation of where 1MDB's money went. Three other ministers were also shunted in the reshuffle. Najib also replaced the attorney-general. That’s show Prime Minister Najib Razak is thinking only for himself. He is doing that because he wants someone that...
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...of labour. In my opinion, Malaysia faces the challenges of labour as a developing country. The two major issues is the gendered or racial and ethnic division of labour. This situation can be observed in the administration of the Malaysian government where a woman as a leader is not unheard of, but definitely scarce. The same case applies to a non-Malay government servant who are only minorities in a Malay dominated administration. The racial division is used to justify legal status and economic exploitation of these groups of workers (Persaud, 2001). Even since the pre-independent days, the Malays were focused mainly on agricultural activities, while the Chinese dominated Malaysian commerce. The Indians however were divided into two groups, the professional role or the plantation industry depending on their educational background. As a result, people tend to migrate to explore their options and opportunities. Migration is an urban phenomenon and concentrates in major urban areas (McGrew, 2014). In the case of countries facing unequal distribution of income, local or international migration should be highly welcomed because it creates competition in a monopolistic market. It creates more job opportunities for the sake of the country’s economy. Therefore, migration should only be restricted to a certain extend by imposing quotas of...
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...An Overview of the Malaysian Banking Sector FINA0501 ASIAN FINANCIAL INSTITUTIONS TERM PAPER LEE JUNHONG, JEREMY 2010540826 I. Introduction Malaysia has been an important player in the Asian economy since the early days of independence, and even before that, as a British protectorate. It is currently the third largest economy in Southeast Asia, and is the 28th largest economy in the world in terms of purchasing power parity according to the World Bank. Malaysia has also successfully diversified its role by focusing her economy on both the traditional sphere of primary agricultural produce as well as being a hub for light manufacturing in consumer durables and electronics. Strong economic planning and farsighted vision by both the government and central bank has been instrumental in maintaining a strong growth rate of her economy; her combined year on year growth since independence in 1957 has averaged 6.6%, which is no doubt a stellar record and one of the highest in Asia. The financial institutions and their functions have been instrumental in this success, and this paper will strive to highlight the strengths and weaknesses, as well as a general overview of the Malaysian banking sector. I. Historical background The earliest beginnings of the banking sector in Malaysia dates back to the early 19th Century under British influence and the expatriate (mainly British) merchant communities. The Straits Settlements comprising of Singapore, Malacca and Penang were administered...
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...1Malaysia - Concept and Values By Ir. Dr Hasnul Mohamad Salleh Abstracts Upon ascending to Malaysia’s highest public office on April 2009, the Prime Minister of Malaysia, YAB Dato’ Sri Najib Tun Razak has made waves to all corners of the nation with the introduction of 1Malaysia concept. The concept evolves around culture of excellence, perseverance, acceptance, education, integrity, meritocracy, humility and loyalty. It also encompases NKRAs on six major issues. Since independent, national unity has been made top priority – unity in education, culture, socio-economy, political, regional, etc. 1Malaysia seeks to improve the relations of all Malaysians, regardless of racial, religious or cultural backgrounds. There are certain major concerns that need to be addressed in order to seriously engage in 1Malaysia concept. Without correcting them, all efforts will be in vain. 1Malaysia concept caters the needs of all sector of the plural society and to ensure equal distribution of wealth between racial groups, between states and federal. Integrity on the part of the government and the public sector is one matter. The introduction of NKRAs and KPIs is a laudable move. The managing of all spectrums of unity (not just racial) is to be given proper thinking. In order to move Malaysia towards a better society, identity and future hence unity and integration should promote co-operation between race, beliefs and region as one Malaysia, not as Sarawakian or Sabahan. The trust and aspiration...
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...Studying locally and studying overseas The advantages and disadvantages of studying locally and studying overseas have long been discussed especially among high school graduates. The options available to pursue further in studies and the choices made will contribute to how a particular individual’s future is shaped. Both studying locally and studying overseas have their ups and downs that could benefit students or causes challenges for them. Studying locally and studying overseas can be compared in terms of cost of living, academic benefits, language and more. First and foremost, the cost of living of studying overseas is higher especially in well-developed countries. With a present low Ringgit Malaysia currency value, it should be tougher for students to meet the basic needs in countries like the United States and Australia. The fees for college itself is already expensive and this does not yet include the expenditure for accommodation, food and transportation. Contradictory, studying locally is much cheaper. Moreover, the presence of government universities help student to pay cheaper college fees. Even if the students don’t study in a government college or university, there are quite a high number of financial aids being provided as loans or scholarships. The expenditure for accommodation, transportation, and basic needs are also cheaper. Furthermore, studying overseas allows the opportunity to travel providing students with new and more experiences. Students get to see...
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...interpretations according to their own perspective. Some view it from the political angle, other, social or economic and many more, until the concept of development takes many forms. The citizens of Malaysia being different race, religion and descent, must be clear about this issue. This matter is all the more important because the people themselves took over the rule from the colonialists. Focus is given to the country’s main developmental policies before 13 May 1969, the New Economic Policy (NEP)that became the first long term plan known as Outline Perspective Plan 1 (OPP1), followed by the second long term plan (OPP2) and the third long term plan (OPP3). These philosophies and principles underlying development will hopefully enable all Malaysians to appreciate the direction or objective of the country’s development that has as its aim, national unity and racial integration. Besides that, the objective is also to raise the status of the citizens of Malaysia as a nation that is developed, progressive and harmonious as envisaged in Vision 2020. National Development Objective The general objective of development is mentioned that to provide a peaceful life to the citizens of various races. To achieve this objective, the role of government authorities as the ruling body becomes very wide. Among them would be the preparation of education facilities by constructing primary school, secondary schools, colleges and universities; communication and transportation facilities by...
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...SWOT Pointers STRENGTHS 1. Kopitiam offers a conceptualized diner that sells a wide variety of Asian Cuisines 2. Flexibility in layout and operations enables Kopitiam to adapt to consumers’ ever-changing needs. i.e. adding a stall for a new variety of food if it is in demand 3. Strong marketing team ▪ Kopitiam has successfully penetrated into Shanghai, China market in December 2003, with a second outlet set up within a month’s time 4. Competent in managing diverse portfolios ▪ With their existing portfolio that ranges from cafes, food courts, food shops to a food mall, it shows Kopitiam’s capability in marketing to different market segments 5. High investor/partnership confidence due to successful track records WEAKNESSES 1. Lack of resources to penetrate the US market ▪ Kopitiam may experience difficulties in attracting skilled vendors from the Queens’ community 2. Potentially slow product diffusion in New York City (NYC) due to the locals’ unfamiliarity with this dining concept. OPPORTUNITIES 1. The Asian population in Queens, NYC makes up to approximately 511,787, representing 22.9% of the entire borough’s population; and 49.3% of the entire NYC’s Asian population (U.S. Census Bureau, 2010) ▪ This figure signifies a potential market need for Asian food. ▪ The large population of Asians can contribute to the role of innovators and early adopters in the product...
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...Maxwell Road Hawker Centre Experience an authentically Singaporean dining experience by having a meal at a food centre here. Located in the heart of Chinatown, Maxwell Road Hawker Centre has over 100 stalls, providing one of the biggest varieties of local food in Singapore. Even with the influx of vendors, the stalls’ offerings are very varied and you will easily spoilt for choice here. Some must-try items here at Maxwell Road Hawker Market include the famous Tian Tian Chicken Rice, the traditional congee with pork and century egg from Zhen Zhen Porridge stall and the popular char kway teow from the Marina South Delicious Food stall. 2am Dessert Bar Sitting in one of Singapore’s most popular hang-out spots, Holland Village, 2am Dessert Bar is the perfect setting for a romantic late-night dessert or intimate conversations with best friends. If you appreciate aesthetics, you’ll definitely enjoy your experience here. Creatively-styled concoctions like the Amedei Chilli Chocolate and the English Sticky Toffee Pudding are two of the more appreciated items on the menu, while anyone who’s visited would recommend the Araguani H2O, a 72 percent Valrhona chocolate cake infused with Evian mineral water and with a surprising caramel mousse centre. Sink back into the plush daybeds, or sit by the contoured bar to watch your dessert as it’s prepared. Wherever you choose to seat, 2am Dessert Bar’s cosy ambience ensures that you’ll have a great time. And if you’re curious about what’s behind...
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...again pegged to a basket of major currencies in September 1975. Since then to the middle of the 1980s, the exchange rate policy of BNM had focused on the stabilization of the exchange rate against the Singapore dollar. After several speculative attacks, the ringgit was allowed to float more against both the Singapore dollar and the US dollar in the end of 1984. The exchange rate system since then can be classified into a managed floating system. This regime had lasted until July 1997, when BNM gave up to sustain the exchange rate in the wake of the Asian Crisis. Since September 2, 1998, the ringgit has been pegged to the US dollar at US$1.00=RM3.8010. History and development of exchange rate regime in Malaysia Ringgit Malaysia (RM) or Malaysian Dollar is known as the currency using by Malaysia, formally introduced in 12 June 1967. Prior of this date, Malaysia was under controlled and protected by the British, that time Malaysia are called Malaya and used the Malayan dollar as official currency. Malayan dollar also used by Singapore and Brunei on that period. On 12 June 1967, Ringgit Malaysia officially issued by the new central bank, known as Bank Negara Malaysia, replaced the Malaya and British Broneo dollar at...
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...Project report on, Manufacturing process Of Supervisor; Project Designers; Madam Anam Zaffar Syed Mohsin Hasnain Gillani(Leader) (Total Quality Management) Asma Bushra Tooba Hasnain Hasan Mutahhar M.Sc (Accounting & Finance) 3years Department of Commerce Introduction to Nestle; Nestle is the Switzerland based company working on the health, nutrition and wellness of people with a bright future scopes in their all departments. Nestle is the world’s largest company who accommodated more than 100,000 people in its first year and they are providing the better opportunities for good health and for a better carrier to all. Nestle is working in world’s major countries with its variety of products and services. Introduction to Maggie Noodles; Maggi noodles are a brand of instant noodles manufactured by Nestlé. The brand is popular in Australia, India, South Africa, Brazil, New Zealand, Brunei, Malaysia, Singapore, Sri Lanka, Bangladesh, Pakistan, Fiji and the Philippines. In several countries, it is also known as maggi mee mee is Indonesian word for noodles. Maggi noodles are part of the Maggi family. Maggie family is the category of Nestle in which they are offering instant soups, stocks, and noodles. Nestle offering different flavors of maggie noodles in different countries and the flavors they are offering in Pakistan are, Maggie MASALA Maggie CHICKEN Maggie LEMON Maggie BAR.B.Q Maggie CHILLI Maggie HARA MASALA Maggie SOUPI...
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...other countries have also been investing in Malaysia each day. However, the flowing entrees of these multinational companies do not diminish the Malaysians’ cultural values. Therefore, managers from the foreign or even local companies have to be able to adapt and operate effectively in different cultures. This assignment paper will discuss further about the leadership theory that has been developed by the westerns towards the people in Malaysia. The question is whether they can adopt the western leadership theory in Malaysian cultural values? Or is it possible to practise a one-size fits all theory? Background Culture is among the influences to the attitudes and behaviour of individuals. It is defined as a collective mental programming of the people in an environment. It evolves from an instinctive behaviour to learn. Patterns of this behaviour may be acquired and transmitted from one generation to another, and finally developed into a system of things and events (Hofstede, 1980). Leadership is seen as 'the ability to influence people and get them to do what the leader has envisioned' (Abdullah ,2003). An effective leadership theory which is practiced in one region might not be effective in another different region. The differences in the value systems might lead to differences in the preference for leadership styles among Malaysian managers. Therefore, leaders could better understand the way they should lead by learning the style that their followers from different cultural...
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...Langkawi Anniversary - Honeymoon Trip Itinerary Thursday, 3 March 2016 0500 : Depart from Sentul 0600 : Check In 0735 : Depart MH 1430 to Langkawi 0835 : Arrive at Langkawi Airport 0900 : Take a rent car (Faizah Hasan 013 7478059) breakfast hunting 1000 : Oriental Village : Cable Car + skybridge + skyglide : 3D Museum : Langkawi Crocodile Farm (optional) 1300 : Lunch Hunting 1400 : Check in Hotel Alia Residence Business Resort + solat + rest 1600 : Sight seeing + reasonable shopping @ Pekan Kuah 1900/2000 : Dinner at Pekan Kuah @ Wan Thai : Sightseeing Remarks : 1. Langkawi Cable Car + 3D Museum : RM 57/pax 2. Skybridge : RM 5/pax, RM 3/child Skyglide : RM 10/pax, RM 7/child 3. Crocodile Farm : RM 10/pax Friday, 4 March 2016 0800 : Breakfast @ Hotel 0830 : Morning walk @ Pantai Chenang 0930 : Underwater World Langkawi Jetty to Pulau Dayang Bunting (pics purpose only) Langkawi Wildlife Park and Bird Paradise Galeria Perdana Pantai Pasir Hitam *lunch in between* 1500 : Maximum time to go back to hotel 1600 : Rest 1700 : Jalan-jalan at Pantai Chenang + local food hunting 1900 : Dinner Hunting Remarks : 1. Underwater world : RM 33/pax (show government ID to get discount) 2. Langkawi Wildlife and Bird Paradise : RM 15/pax Animal Talk Show (Next to the aviary section): Daily at 11am and 3pm Feeding time for Love Birds (Budgerigars): Daily 9am - 10am, and 5pm - 7pm Amazon Arapaima feeding: Daily...
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