a) Factors leading to the formation of Malaysia in 1963 1. Only Malaya was an independent nation while Singapore‚ Brunei‚ Sabah and Sarawak were still under British control. These territories were considered too small to be independent entities. It was felt that a merger with Malaya would bring early independence to these territories. 2. The British were agreeable to a merger of these territories and granting independence as there were many similarities between Malaya‚ Singapore‚ Sabah‚
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The importance of consumer lending became obvious during the Great Recession. One key factor of the Great Recession was due to the increase subprime and near-prime lending which was further aggravated by the securitization of these loans. The Financial Crisis of 2008 followed similar trends to other crisis (Demyanyk & Van Hemert‚ 2011). First‚ there was an evident boom in the subprime mortgage market. Second‚ a bust occurred in 2007 which is signaled by house foreclosures‚ high delinquencies and
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Fiscal policy in Malaysia 1. Background In the 1970s‚ the Malaysian government played a key role in the economy. The government ventured beyond its traditional functions and took on a more direct and active role in the country’s overall social and economic development process. This period saw the government’s direct participation in the private sector through the establishment of large commercial enterprises. Government participation in the economy expanded further in 1980-82 as it pursued
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5th out of 92 sectors with the total economic output being RM11.7 billion or 3% of GDP . Moreover‚ tobacco plantation in Malaysia grew from a mere of 8 hectares in 1959 to 12‚148 hectares in 2004; whereby East Malaysia has approximately 1‚200 hectares. Therefore‚ the industry indirectly contributes significantly to the country’s economy where more than 190‚000 employment in 2003; as per study conducted by Ernst and Young in 2005. Despite the economic growth and upward tobacco cultivation
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According to the Minister of Malaysia Education‚ progress in the field of sport is becoming increasingly important nowadays because it is capable of universal solidarity‚ promote peace and improve the image of a country. Sports field also is one of the best platforms in the development of human capital of a vibrant‚ creative‚ and competitive and have a strong identity for the sake of the survival of a nation’s integrity. To ensure that these goals can be realized‚ sports need to provide opportunities
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Environmental Law Assignment Green Building Index (GBI) in Malaysia | Fauzan Kahfi | Jane John Mrosso | Okky Yuda Nagarana | Vidushini Siva | (MEEM 16) I. INTRODUCTION Sustainability has now become a necessity in the urban environment. This is especially important in Malaysia‚ where the urban population is almost 75%. It is also situated in an equatorial and tropical climate region where increase urbanization will also increased warming of the land. Green building practices can substantially
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FEDERALISM IN MALAYSIA By: Iffa Syafiqa Introduction The existence of federalism in Malaysian history dates back in 1895 during the establishment of the Federated Malay States which are the ‘Protected States’ of Selangor‚ Negeri Sembilan‚ Pahang and Perak. Federation of Malaya then came later in 1948 with the unification of the nine Malay states and Settlements of Penang and Malacca by the British. Federal principle was described by K.C. Wheare as "the method of dividing powers so that the general
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When did corrective actions begin? When President Barack Obama was sworn in on January 20‚ 2009 he brought with him a plan and an execution of ideas to bring the United States of America out of the Great Recession. This did not take just one or two plans; it took hundreds of acts‚ reforms‚ bills‚ and advice from the Department of Treasury. The American Recovery and Reinvestment Act of 2009 is the umbrella to all of these plans to push the United States of America into the right direction. The
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interruption of the World War II‚ left greater impact upon the law of the country. The legal history of Malaysian begins with the acquisition of Penang in 1786 and with the introduction of the Charters of Justice in 1807‚ 1826 and 1855. The legal system of Malaysia was modeled after the English legal system which practices parliamentary democracy and is ruled by a Constitutional Monarchy‚ with His Majesty the Yang di-Pertuan Agong (the King) ceremonially as the Head of the country. The Yang di-Pertuan Agong
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HRM Role in Recession The recession is healthy‚ from time to time. The recession helps to stop the businesses‚ which are not bringing value added and the human capital is transferred to more vital businesses at lower costs. In the companies‚ which survive the recession‚ the HRM Role is very important. The recession is very dangerous for the companies. During the times‚ when the business grows dramatically‚ the HRM Function introduces different policies‚ which are focused on spending money. The
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