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. The total production from the oil and gas industry in Malaysia is very affecting to the national income to this country. This is because the oil and gas industry is the one of the prominent agricultural industries in Malaysia. Based on the planning in budget 2013 to transform oil and gas industry in Malaysia to a global integrated trading hub, it is important to identify factors that will affect the economic growth. The transformation from producer to
INTRODUCTION In recent years Malaysia economy from a commodity based economy transformed as an industry based economy, and there are minimizing the dependence on imports of raw commodities and increase for import of processed or finished products which import from the effectives exported nation example from (china, India, Italy).As such, in the recent years, this phenomenon has taken effect on the fashion industry including the footwear sector. The footwear industry in Malaysia even went through an extremely challenging period but it now still managed to maintain a positive growth of 8.7% with producing estimated 700 billion pair of shoes in a year. As more and more foreign investors are penetrating the market, in its frequent year based on
However, the privatization in Malaysia has resulted in both success and failure. The progress of Malaysian economy is highly influenced by three critical factors namely public delivery system, foreign direct investments and financial markets (Mun, 2007). It is believed that the poor public delivery system has caused the slowdowns of the Malaysian’s economy progress. As a result, Prime Minister, Abdullah Badawi, in year 2007, has instructed the public services and government-link companies to increase their efficiency level (Mun, 2007). In addition, foreign direct investments are important as they can contribute both financial and human capitals to the economy in Malaysia.
Since they are at the bottom of the equator, Malaysia produces a lot of agricultural products from palm oil, rubber, cocoa, rice, subsistence crops, timber, and pepper. Despite that Malaysias economy was driven before mostly by the agricultural and export sectors, through the years, it had become one of the most vibrant economies in South-East Asia. This started when the tin market collapsed during the early 1980s, the Malaysian government was forced to diversify and modernize the economy. Since then, the government has played an active role in industrialization and economic development. This continues as of the present and now that Malaysia has a developing economy which, in recent years, has successfully transformed from an exporter of raw materials into a diversified
Therefore, the development of tourism will be brought to a new level, the hotel industry as a major branch of the tourism industry will also get unprecedented development opportunities. But this also will cause some problems, such as whether the traditional hotel management mode applies to the new situation; the hotel how to deal with the growth spurt of traffic; increasing personnel costs as well as restaurants, hotels and facilities maintenance costs; and how to face consumption campaign after the downturn. Etc. These problems are waiting to solve. Similarly future economic trends outside of Malaysia, for the development of Malaysia 's hotel industry is equally important because it shows that the hotel industry in Malaysia is being or is about to bear pressure on the operation.
1. Introduction In recent years there has been a boost in the Malaysian economy and stable government regulations has created a great impact in the economic foundation of Malaysia. Various diversities in terms of culture and region have caught attention of many people around the globe. The field of Education and Tourism has been a rising up in Malaysia over the past few years. People from all over the world frequently come over to enjoy the tropical climate, diversities in cultures, traditions, architectural structures and the Asian aesthetics of this country.
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.
Most of the drawback stories happen outside out of Malaysia that affects the country directly and indirectly. Moreover, few suggestions has been identified and listed to improve, control, preserve and expand tourism industry in Malaysia into new level same with other country. Thus, it is important to ensure that National Tourism Policy being used as guideline and framework for tourism industry to develop plan and strategies for tourism industry as well as other related
Without tourist attractions, there would be no tourism. Malaysia is one of the worlds attractive travel destinations. There are many types of tourism in Malaysia to attract the oversea traveling around this country. Multicultural and multiracial population, historical places and natural resources can be the attractions and strong fundamentals of Malaysia. Malaysia had a gorgeous colorful history.
(Trade, Investment & Economic Cooperation Between China and Southeast Asia: The Case of MALAYSIA, 2004) All in all, the trade relations between Malaysia and China took place very rapidly, which can be seen the two countries are mutually need each other to meet their needs. It turns out trade relations between Malaysia and China is mutually beneficial to each other. Export and import activities between the two countries is increasing every year. Through rapid trade relations will further strengthen ties