Political factor: Political stability is a very important issue when it comes to tourism. Malaysia is a federal state with constitutional elective monarchy. Najib Razak is the current prime minister of Malaysia. Malaysia is ruled by the United Malays National Organization which represents the Muslim majority. In this country the Indians, Chinese communities live in harmony with the Muslim Malay majority. Malaysia is politically stable. Malaysia has been able to contain terrorism due to its strong stance against any individuals or groups involved. Airport security has increased and a few more policemen posted on certain embassies. Malaysia also has one of the lowest (2.69) indexes in the world in terms of terrorism index. Although Malaysia is internally politically stable, its neighboring countries (such as Myanmar and Thailand) are politically unstable which could have an impact on Malaysia. So, MDO Inc. could invest in the tourism sector of Malaysia as political stability plays a major role in attracting tourists and the country is politically stable. Economical Factor: Malaysia has one of the highest standards of living in Southeast Asia and a very low unemployment rate (3%). A large income of Malaysia comes from exporting palm …show more content…
Malaysia is one of the fastest growing tourism based economies in the world. Last year, tourism based economy grew 10% to 15%. Tourism based investment is booming due to investment of China, Japan, US. Besides, Malaysia’s economy is 35th largest economy in the world and 4th largest in South Asia. According to A.T. Kearney, a global management consulting firm, Malaysia was ranked 15th in 2016 of foreign direct investment. According to World Bank GDP growth rate is 5.7% since 2010 and current inflation rate is 2.1%. Regarding to the data Malaysia is economically stable
Global business is widely growing and increasing day by day, it has indeed manufactured benefits to both world and individual economy of a country. It plays a vital role to make it sustain in the long term profitability and also helps to improve interconnection between countries. Tourism business is however inter-related with world business and economy as it contributes a large amount of money exchange and also cuts the boundary of cultural and social backgrounds in other words the world has become local to everyone through tourism and globalization. Tourism in other words is a business which has grown globally and has become popular by marketing its products and aquatics every where around the world.
Tourism attractions will receive little to no local visitors, as consumers will no longer have sufficient income for luxury expenses. Therefore, employees of said attractions and local, dependant tourism businesses will be retrenched. Therefore, unemployment, poverty and crime will increase. Therefore, there will be a huge decrease in demand for a tourism app such as E-Museum. The business will therefore suffer great loss in income. It is vital for E-Museum to have funds saved to provide supplementary income for a period in which little income will be earned. This will minimise debt, retrenchments and the chances of the business closing
Travel and tourism is the largest industry as it a billion dollar industry. Malaysia currently acquired their biggest achievement of securing 25.7 million tourist arrivals last year which will contribute the millions of ringgit to the economy impact.
The EU market for furniture product is expanding, demand for furniture import especially from third countries is growing by an average of 9 percent over the next ten years. The Indonesian furniture industry has a great opportunity to expand market share by focussing in two segment. Firstly, medium and large enterprises which has a capacity in networking and in producing low price products can serve the low-end market by making ready-to-assemble furniture. These kind of products are suitable for mass consumption. Secondly, smaller producer which has an ability in carving can serve the high end market by producing artisanal and traditional furniture made of solid
Malaysia is located in the south-eastern Asia, bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam. Due to its locations, it has been colonised since the late 18th centuries by many countries. Since 1965, Malaysia has had one of the best economic records in Asia, with GDP average of 6.5% growth for almost 50 years. The economical development especially boosted during 1981 and 2003 under the governance of Prime Minister Mahathir bin Mohamad. Malaysia succeeded in diversifying its economy from dependence on exports of raw materials to expansion in manufacturing, services, and tourism. Also, the current Prime Minister continues to pursue pro-business policies .
Malaysia was once a colonized land and known as Malaya back then. Malaysia is one of the Commonwealth countries, which means Malaysia was one of the British colonies.
Thailand, Indonesia, and Maldives were thriving developing countries from the economic support provided by the tourism industry. The white sand beaches and lush tropical greenery found on one island could be replaced with glorious mountains and waterfalls form a short boat ride to another island. Tourism flourished because of the many interesting physical characteristics of the area. According to the CIA World Fact Book, Thailand offered its many visitors peaceful democracy and a southern isthmus known to be always hot and humid (CIA World Fact Book). Maldives present...
The GDP of Malaysia on that time was equal to GDP of such countries as Haiti, Honduras and Egypt and approximately less on 5% of GDP Ghana. Nowadays the income of Malaysia is greater than income of Ghana on 7,8 %, greater on 5 % of income of Honduras, and greater on 2,5 % of income of Egypt. In the list of world developing countries Malaysia taking the first place as China, Taiwan, South Korea and Thailand. The economists of the whole world ...
Can anyone imagine what will happen to Malaysia after a few more decades? Debt crisis in Malaysia is getting more severe due to lack of management among individuals. Serious debt crisis might lead to bankruptcy to our country. Nation leaders should lead others away from debt. If this scenario continues, Malaysia might follow the footstep of Greece, Spain, Italy, and Portugal. Debt crisis can be avoided by providing trainings and courses to the employees, improve individual personal finance management and filtering candidates in hiring process.
home, the amount used can run up to 440 liters a day. This is almost
Malaysia is physically rent between west and east, parts united into one country in 1963. Western Malaysia is on the southern tip of the
Time will occur start with economic downturn, political unstable, lost of confident level of the investor for the reason of diseases that present that time. It is also possible that they are no more country we call Malaysia.
The main reason of job opportunities increasing is manufacturing, investment activities, financial market and economy situation of Malaysia is attracted to the foreigners. This will increase the wages and compensation of workers.
Tourism and Hospitality has developed rapidly and becoming extremely important to economy in the world. The income that several countries in the world receive from tourism industry can be reached to $1billion per year. In addition, Marketing is one of the most important factors that help and effect to tourism industry in many positive ways. Marketing evolved in the tourism industry since 1980. It promotes tourism industry by encouraging the tourists to travel at their destination with the strategy that made up to the tourist satisfaction. However, a marketing strategy does not have to be complex, in fact it should be a easily understood which ensure the advantage of marketing of the products and services to the tourist business to obtain positive
Studies by Eilat and Einav (2004) and Daryaei et al. (2014) show that the institutional quality would likely affect the inflow of foreign visitors. The institutional quality includes the perception of individuals about a good governance of the destination country, such as law enforcement, politically stable and the government effectiveness in making any policy decisions. In this respect, there is should be a positive relationship with the inflow of international student. For example, the effectiveness of any policies implemented by the government that favour to the inbound of international student would attract a greater number of international students coming to Malaysia. These include the application procedures and processing, the issuance of student visa, permissions of working part-time and monitoring the private higher education institutions so that they follow the benchmark of the standard and quality by the Malaysian quality agency. Other than that, possible factors that detriment a good image of the destination country are the impact from the political instability in the destination country (Seddighi, Nuttall, and Theocharous, 2001). International students will avoid country that having chaotic situation, that potentially affect their own safety. Therefore, it is important to include this factor into the