Malaysians Spent Less in Singapore 2015

In: Social Issues

Submitted By annbilla
Words 1585
Pages 7
CHAPTER 1
1.1 INTRODUCTION MALAYSIA
Malaysia is a federal constitutional monarchy located in Southeast Asia. It consists of thirteen states and three federal territories and has a total landmass of 330,803 square kilometers (127,720 sq. mi) separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia (Malaysian Borneo). Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. The capital city is Kuala Lumpur, while Putrajaya is the seat of the federal government. With a population of over 30 million, Malaysia is the 44th most populous country. The southernmost point of continental Eurasia, Tanjung Piai, is in Malaysia. Located in the tropics, Malaysia is one of 17 mega diverse countries on earth, with large numbers of endemic species.

SINGAPORE
Singapore officially the Republic of Singapore, and often referred to as the Lion City, the Garden City, and the Red Dot, is a global city in Southeast Asia and the world's only island city-state. It lies one degree (137 km) north of the equator, at the southernmost tip of continental Asia and peninsular Malaysia, with Indonesia's Riau Islands to the south. Singapore's territory consists of the diamond-shaped main island and 62 islets. Since independence, extensive land reclamation has increased its total size by 23% (130 km2), and its greening policy has covered the densely populated island with tropical flora, parks and gardens.
The islands were settled from the second century AD by a series of local empires. In 1819, Sir Stamford Raffles founded modern Singapore as a trading post of the East India Company; after the company collapsed, the islands…...

Similar Documents

Pestle Singapore

...resources for their business development and sources of competitive advantages. I have chosen Singapore as a foreign potential market for the LDI company for the following reasons that I will analyze with the PESTLE model. With this model I want to focus on the political, economic, technological, legal and environmental structure of Singapore to understand if the country profiles can be used to plan business investment or market entry in this country. Singapore is widely acknowledged as having one of the best business environments in the world. The presence of many leading global companies and local enterprises in the south-east Asian country is a testimony to Singapore’s excellence in manufacturing and services. Not by chance Singapore is an attractive and competitive manufacturing location, possessing world class capabilities in the design, development and manufacture of cutting edge products. It is important that a corporation considers its environment before beginning the marketing process. In fact, environmental analysis should be continuous and feed all aspects of planning. In order to take advantage of emerging opportunities, and to minimize potential threats, LID needs to monitor the market environment and decide rational responses to changes in the environment. PESTLE ANALYSIS o Political factors, how and to what degree a government intervenes in the economy. Singapore has a very stable government with People’s Action Party (PAP) holding majority......

Words: 2897 - Pages: 12

An Overview of Malaysian Banking Sector

...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......

Words: 2999 - Pages: 12

Singapore

...Introduction Singapore- officially the Republic of Singapore, is a Southeast Asian island city. Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated two years later and became independent. Though physically small, Singapore is an economic giant. Singapore has been Southeast Asia's most modern city for over a century. Singapore has a highly developed and successful free-market economy. Since independence, Singapore is the world's fourth leading financial centre, and its port is one of the five big ports in the world. The economy depends on exports and refining imported goods, especially in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services. Real GDP growth averaged 8.6% between 2004 and 2007. In the global financial crisis, Singapore rebounded quickly 14.8% in 2010, with per capital GDP equal to that of the leading nations of Western Europe and the third highest per capital income in the world. Singapore has attracted foreign investments in technology production and will continue efforts to establish Singapore as Southeast Asia's high-tech hub. Entrepreneurship Independent of the stage of economic development, entrepreneurship plays a significant role for the expansion, job creation and overall economic health within a country. Entrepreneurship is relatively common in Singapore, with the country taking pride in a sense that the country was built on......

Words: 1063 - Pages: 5

Malaysian Football

...Idlan Talaha are considered by many Malaysians as the best strikers of this generation. In the FIFA World Rankings, Malaysia's highest standing was in the first release of the figures, in August 1993, at 75th. Currently, Malaysia is ranked in the 163rd position. Malaysia's main rival on the international stage are their geographical neighbours Indonesia as well as Singapore. Malaysia can be regarded as one of the most successful teams in Southeast Asia along with Indonesia, Singapore, Thailand and Vietnam, having won the AFC Suzuki Cup 2010 and other small competitions while improving at the same time. However, the Malaysian football team still has a very long way to go in order to improve their FIFA rankings as well as their performance on the international level. We will look at some ways where the Football Association of Malaysia can improve their performance on the pitch. 1.) Send Local Players Abroad Lately, the Malaysian football team has made a lot of improvement in compete with other country in Asia. The manager, Dato’ K. Rajagopal has lead the national team by winning the Sea Games back in 2009 for over a decade. Within one year, the same squad of Harimau Malaya has made a history in Malaysian football by claiming the AFC Suzuki cup. This is one of the highest achievements in Malaysian football history. However, we can see that such achievements were like a dream and now, we are facing the bitter reality that the Malaysian football team is currently ranked......

Words: 2405 - Pages: 10

Malaysian

...- Election for State Legislative assembly MAIN PROVISIONS IN THE CONSTITUTION OF MALAYSIA 2.1 Freedom to assemble a. Every individual has the right to assemble peacefully without arms anywhere in the Federation. b. Assembly can be held with police permits subject to certain conditions (security, public order, health and public menace) 2.2 Freedom of religion a. Every person has the right to practice a religion in the Federation b. Any form of religious functions comes under the state law where the Sultan is the head of religion. c. For the Federal Territory of Labuan Kuala Lumpur and Putrajaya religion comes under the purview of the Parliament. 2.3 Rights to own property - Malaysians have the right to own property. Should there be any need on the part of the government to take over the property (land for example) proper compensation is made to the owner. 2.4 Restrictions in the interest of the security - The human rights given to the individual according to the constitution are subject to laws relating to public security restrictions + explanation. 2.5 Restrictions in the interest of public health - Human rights given to the individual according to the constitution are subject to public health restrictions laws. NATIONAL LANGUAGE Article 152 of the Federal Constitution stipulates that the national language is Bahasa Malaysia. However, no one can be prohibited or......

Words: 2081 - Pages: 9

Singapore Airlines

...Delhi Business Review X Vol. 5, No. 1, January - June 2004 STRATEGIC INDUSTRY STRATEGIC ISSUES IN THE AIRLINE INDUSTRY AND SINGAPORE INTERNATION THE ROLE OF SING APORE INTERNATIO NAL AIRLINES Amit C. Kamath * Jonas Tornquist ** I NTRODUCTION THIS case study investigates the strategic environment of the airline industry operates. In particular, the role of Singapore International Airlines (SIA) in the global airline industry is considered. The study uses the concept of the “Three Ring Circus” (KCI , 2002), as an overarching framework, whereby the Past, the Present and the PFuture is used for studying the strategic issues in the airline industry and SIA. The past focuses on the key strategic drivers in the airline industry over the past 10-20 years and provides a historic industry overview. The present serves the role of looking at the airline industry and SIA’s present strategic drivers and what is important to consider in this environment. The Possible Futures, or PFutures, looks at what potential drivers or strategic advantages may be present in future, and how SIA is responding to some of these issues. The research in this project is mainly qualitative. It is based on interviews with key people within the airline industry, government officials, industry analysts and stakeholders. The analysis is also based on a review of the airline industry literature as well as the personal reflections of the authors in drawing together some key issues and insights that......

Words: 8879 - Pages: 36

Singapore

...Singapore a small country with nearly 5 million people located in the south of Malay Peninsula, has been considered one of the most powerful global economies. Despite of the remarkable growth experienced during the period 2000-2007, in 2008-2009 coinciding with the financial crisis, the economy constrained causing a sharp deceleration in the GDP growth. Surprisingly, the country recovered so fast achieving an unprecedented growth of 14.8% in the year 2010. How can a small country like Singapore avoid the economic recession and become one of the world-fastest growing economies? This study tries to response these questions analyzing different social, economic, political and cultural aspects. Manufacturing industry and exports driving growth recovery Singapore´s economy is very dependent on the global trade. In contrast with other recessions, this one has affected all the industries and services sectors globally, damaging the economy of the country. Manufacturing is the most important industry and the cornerstone of the country economy, accounting for 20% of Singapore´s GDP. In the course of the economic downturn Singapore evidenced a substantial downtrend in the manufacturing industry. Having overcome the worst of the global crisis, 2010 marked a strong change in the productive trend of Singapore when the Industrial production Index rose by 29.7% over the previous year mainly led by the biomedical manufacturing sector especially by pharmaceutical products. In addition......

Words: 495 - Pages: 2

Malaysian Development

...attracted a lot of attention in the past years as a rapidly developing country in a very dynamic region. This can be shown with the amount of Foreign Direct Investments (FDI) Malaysia receives and has received throughout the years even within a context of a worldwide recession and a global economic crisis. Firstly, I will explain more in detail what an FDI is, the trend it has been following in Malaysia and the way it has been growing on the time span of 1990 to 2010. Secondly, I will mention the rate of growth in Malaysia’s economy by analyzing its Gross Domestic Product and its economic growth in general and finally I will try to find a link between this trend that FDIs are following in Malaysia and how the Malaysian society is evolving in terms of transfer of technology, employment, income distribution and poverty and environment. A Foreign Direct Investment is an “overseas equity investment by a private multinational corporations” according to Todaro and Smith’s Economic development. Almost every country in the world has been known to emit FDIs as well as receive them. Malaysia is no different, especially being in such a dynamic region, Southeast Asia , it has attracted a lot of foreign businesses and continues to attract them as we will show later on in the paper. The reason Malaysia attracts foreign firms is not only its cheap labor and relatively abundant resources as the government also has a role to......

Words: 2426 - Pages: 10

Malaysian Study

...MALAYSIAN STUDIES HISTORY MALACCAN SULTANATE Introduction • Founded by Parameswara, a prince from Palembang, Sumatra in the early 15th century. • Parameswara fled Palembang when it was attacked by the Majapahit army from Java and went to Temasik (Singapore) and killed its ruler, Temagi, who represented Ayhuthia (siam). Five years later, Ayuthia attacked Temasik and he fled and settled at a place which was later called Melaka (Malacca). • General features :- a. centre for trade b. centre of Islam c. big empire d. political relation with China Similarities with present Malaysia 1. Islam as the official religion 2. Government system :- a. Sultan – head of state, Islam and army b. Ministers / Officers : o Bendahara (Prime Minister) o Temenggung (Chief of Security / Police) o Penghulu Bendahari (Finance) o Laksamana (Navy) o Syahbandar (Trade and Port) 1. Law :- a. Undang-undang Melaka / Hukum Kanun Melaka (based on Islamic law) b. Undang-undang Laut Melaka (Marine Law) Factors that helped Malacca to prosper 1. Geographic :- a. Location – between India and China trade route b. sheltered from the South West and North East monsoon c. deep natural port d. people living by the seaside (orang laut) – help to defend from attacks 1. Economic :- a. concentration on trade – centre for trade in the Malay Archipelago b. centre of entreport trade – international level 1. Political & Administration :- a. relation with China......

Words: 5786 - Pages: 24

Singapore Airlines

...4. Conclusion 26 5. References 27 Introduction The analysis supplied within this report has been undertaken from the perspective of a current shareholder in Singapore Airlines (SIA). The report provides critical assessment of the company's overall performance, assessment that would be relevant and meaningful to shareholders. Two major airlines have been selected to provide competitor comparison throughout this report.  The two competitor airlines - Japan Airlines Ltd and Qantas Airways - have been selected because they are representative of current commercial passenger aviation competition within SIA's predominant operating region (Asia Pacific region). It should be noted that the 2010 and 2011 reporting periods occurred during a time of major reorganisation for Japan Airlines. In February 2010 Japan Airlines Corporation was de-listed from the Tokyo stock exchange and, after corporate reorganisation proceedings, was re-listed in 2012 as Japan Airlines Co. Ltd. Thus, financial information during this period is unavailable. We have utilised a number of analysis tools to generate a transparent position of the financial position of SIA and measured this position against competitor airlines operating in the same region and flying similar routes. Executive Summary This report provides an analysis of Singapore Airlines from the perspective of a shareholder. The airline’s performance has been evaluated by utilising various tools in the areas of profitability, investment......

Words: 3390 - Pages: 14

Gst Comparison Between Malaysia, Singapore and India

...ASSIGNMENT Page 4 TIMELINE 27 July 2012 Proposed Amendments Posted on MOF's Website for Comments/ Feedbacks  Ministry of finance posted the GST amendment on the website for the society to give their opinion.  The wall post consist of the following matter:  Inefficiency of sales tax and service tax  Not to burden lower income group  Exemption to small businesses  A more effective, efficient, transparent, business friendly and capable of generating a stable source of revenue  Acceptance and readiness. 25 October 2013 The Malaysian Government Announced its Intention to Introduce Goods and Services Tax (GST) Effective from 1 April 2015.  The announcement made in the budget 2014 GST Introduce In Parliament 31 March 2014  The Bill was passed by the lower house on 7 April 2014 and moved to the upper house for introduction and debate. GST officially implemented in Malaysia 1 April 2015 1 Table 3: Timeline on implementation of GST in Malaysia GST ASSIGNMENT Page 5 REASON - MALAYSIA Reason of Implementation of GST in Malaysia Malaysia is one of the developing countries in the world. It also consider as famous destination for tourism. In order to maintain the standard among other country in the world our Malaysia government have to deal with a lot of projects hence it need more fund to cover the cost. We know that tax income is the main income for a country government but by having sales and service tax government......

Words: 15950 - Pages: 64

Nursing the Malaysian Economy

...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.......

Words: 1017 - Pages: 5

P2P Lending in Singapore

...important role in the development of economy, how important is the peer to peer platform to them and the future position of peer to peer market in Singapore. The focal point lies on the demand of peer to peer lending platforms among small and medium enterprises and consumer market. The study illustrates a high demand of peer to peer lending among small and medium enterprises regardless of less security of investment. This study also includes risk and regulations associated with peer to peer lending and the impact of social behaviours and social connections on the decision of investors related to investment in online platforms. Acknowledgement I owe a debt of gratitude for working adults and SMEs for providing me accurate data and their feedback regarding their loan preferences. I would like to thank all for their precious time and respond. As this work would not be possible without their time and effort. Tables of Contents 1.0. Introduction 4 1.1. Peer to peer lending platform 5 1.2. Background of the research 7 1.3. Objectives 8 1.4. Research Rationale 9 2.0. Literature Review 9 3.0. Research Methodology 19 4.0. Data analysis 21 5.0. Results and Finding 22 6.0. Strengths and limitations 28 7.0. Conclusion 29 Bibliography 31 Appendix 34 Table of Figures Figure 1 Non-performing Loan of Singapore 17 Figure 2 Framework 19 Figure 3: Working Adults' preference to peer-to-peer lending 20 Figure 4 SMEs' preference for......

Words: 13527 - Pages: 55

Singapore

...Singapore I. Introduction Singapore officially the Republic of Singapore, is an island city-state located at the southern tip of the Malay Peninsula. The population of Singapore including non-residents is approximately 4.86 million. Singapore is highly cosmopolitan and diverse with Chinese people forming an ethnic majority with large populations of Malay, Indian and other people. English, Malay, Tamil, and Chinese are the official languages. Singapore is a parliamentary republic, and the Constitution of Singapore establishes representative democracy as the nation's political system. In 2009, the Economist Intelligence Unit ranked Singapore the tenth most expensive city in the world in which to live—the third in Asia, after Tokyo and Osaka. The 2009 Cost of Living survey, by consultancy firm Mercer, has ranked Singapore similarly as the tenth most expensive city for expatriates to live in. II. Body Singapore has a highly developed market-based economy, an export driven economy hugely dependant on export of goods to other countries. The economy depends heavily on exports and refining imported goods, especially in manufacturing. The manufacturing industry is well-diversified with significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences manufacturing sectors. Gross Domestic Product: Singapore has one of the highest GDP per capita in the Southeast Asia. Singapore is proclaimed as one of the four Asian Tigers......

Words: 1150 - Pages: 5

Singapore Healthcare Report

...Q3 2010 www.businessmonitor.com siNGapore pharmaceuticals & healthcare report INCLUDES 10-YEAR FORECASTS TO 2019 issN 1748-216X published by Business monitor international ltd. SINGAPORE PHARMACEUTICALS & HEALTHCARE REPORT Q3 2010 INCLUDING 5-YEAR AND 10-YEAR INDUSTRY FORECASTS BY BMI Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: June 2010 Business Monitor International Mermaid House, 2 Puddle Dock, London, EC4V 3DS, UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2010 Business Monitor International. All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts......

Words: 29653 - Pages: 119

点击下载 | 大富翁4fun | Early Reins OVA English Subbed