MALAYSIA INTERNATIONAL TRADE AND RELATIONS WITH CHINA 1.1 HISTORY OF MALAYSIA INTERNATIONAL TRADE WITH CHINA The relationship amongst Malaysia and China has been progressing very well and is at its best at any point in history. There is a long history of trade relations between the two nations since the establishment of diplomatic tie in 1974. Malaysia officially established diplomatic ties with China as the result of the Prime Ministers Tun Abdul Razak visit in China. In 1974, Malaysia became the first of the ASEAN member state to have a formal relation with china over the past 37 years. Besides, Malaysia is China’s top trading partner within ASEAN for five years in a row since 2008.
Anamika S says, “Cheap deals and better prices are available online, because products come to you direct from the manufacturer or seller without middlemen being involved” (Top 10 Benefits of Online Shopping 1). When there is a middle man involved, the price of the product increases. Shopping online results in the product being shipped to you directly from the manufacturer. This means that there is no middleman. Therefore, the products online are cheaper because the middleman does not have to be paid for and the
Therefore, this study attempts to test for the previous studies using other countries which have different result compared to Malaysia. Hence, this study will focus only on FDI at Malaysia. 1.2 Problem statement In Budget 2013, the Prime Minister announced from the first focus the boosting investment activity stated to transform Malaysia from producer to a global integrated trading hub 3 for oil and gas industry. The existence of valuable mineral resources, such as oil and natural gas make blessed Malaysia to get more revenue from oil and gas. Therefore, the government have to undertake several strategic measures to enhance the nation’s capability, particularly in providing an ecosystem to support the development of the chain of refining, storage and trading.
Analysis of Malaysian Foreign Policy Malaysia once, becoming a land that occupied by British government. In 1957, Malaysia gets independence and called as Tanah Melayu. After that, Malaysia was ruled by Malay people using democracy. On 16 September 1963, Malaysia officially established as a nation by combining 13 states including Sabah, Sarawak and also Singapura. However, in 9 August 1965 Singapura withdraw from Malaysia and formed their own nation.
However, most of the online booking websites face a tough competition. There are a number of different ways to offer products online: Tourism suppliers such as airlines and hotel chains took advantage of the new opportunities and established e-Commerce applications that includes single provisions like British Airways as well as multi-supplier websites such as opodo.com. Furthermore, some destinations established Destination Management
The service sector has been a major contributor to the growth and development of the Malaysian Economy (Performance of Service Sector in Malaysia, 2017). Malaysia has become one of the top 10 tourist destinations. Malaysia ranked the third in Asia and in the Pacific region, after China and Hong Kong, by The World Tourism Organization (UNWTO) in the year of 2014. Malaysia also depends on its diversified cultural or natural heritage sites and entertainment infrastructure to attract considerable leisure market. According to the Malaysia Tourism Transformation Plan, that has attracted 36 million tourists to Malaysia, they will be generating RM 168 billion for the country by the year of 2020.
There are a lot of reviews based on travellers experience using the internet. Internet channels have become the most popular method to booking the room hotel. Advances in technology allow travellers to freely communicate with other people to share and collect information. Customers post their experiences on social media, such as Facebook, Twitter, Instagram and YouTube and/or third-party online travel intermediaries, such as TripAdvisor, Priceline.com and Expedia.com. These online reviews represent electronic word-of-mouth (eWOM) communication and previous studies have shown that eWOM affects customer decisions.
Emergence of new Indian middle class, information technology boom, had created a demand for both business and leisure travel. In the year 2003, sensing huge pent up demand (air traveler and per capita use of airline in China being 8 times that of India), the Indian aviation industry kicked off a new phase of development. In spite of the fact the most of the operating cost in the industry is fixed irrespective of business model employed. Most of the new operators choose to use low cost airline as their business model. Hoping to create low cost operating model to make low fares viable.
This is evidenced by the government bailout from its bankruptcy due to the recent air disasters. It is one of the most popular airlines (prior to MH370 and MH17 incidents) in the world, covering over 80 destinations across the globe. It is an airlift hub with extensive operations in South Asia, Middle East, Australia and other global destinations. The company focuses on strong branding which has enabled it to enter restricted markets. Meanwhile, one big advantage of Malaysia is its wide range of natural resources such as crude oil, natural gas, palm oil etc (MATRADE, 2011).
Malaysia is a country surrounding by the ocean and it is no surprise that most of the international trade is done through the maritime transportation. International maritime transportation is the main platform to export and import good and cargo as well as the mobility through the ocean or waterway internationally. According to the statistics, there are 95% of the Malaysia international trade is being carried through the international sea transportation. It is important and has contributing a lot of benefit toward Malaysia, not only in term of economic but also contribute knowledge, investments as well as job opportunity. International maritime transportation has generate tremendous economic benefit to the country.