driver of growth. Private investment activity‚ which turned positive in 2010‚ is envisaged to contribute significantly to economic growth. The idea of the private sector leading growth stems from the start of 52 private finance initiatives (PFI) over the 10th Malaysia Plan (10MP) period as well as the implementation of private sector projects under the National Key Economic Areas (NKEAs). Domestic demand is expected to grow by 5.8% in 2011 compared with 6.9% in 2010 which would be supported by
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E A N D R E C O R D Malaysia Airlines’ Corporate Vision and Service Quality Strategy Abdullah Mat Zaid Malaysia Airlines’ vision is to become “An Airline of Excellence”‚ offering the very best to its passengers in terms of safety‚ comfort‚ service and punctuality. This vision was amplified by our chairman in the company’s 20th anniversary commemorations in October 1992. The mission has been stated in three main thrusts as follows: (1) To make Malaysia Airlines one of the leading standard
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The story of Malaysia Airlines starts in the golden age of travel. A joint initiative of the Ocean Steamship Company of Liverpool‚ the Straits Steamship of Singapore and Imperial Airways led to a proposal to the Colonial Straits Settlement government to run an air service between Penang and Singapore. The result was the incorporation of Malayan Airways Limited (MAL) on 12 October 1937. On 2 April 1947‚ MAL took to the skies with its first commercial flight as the national airline. Fuelled by a
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1. Competitive rivalry – This is the rivalry with other airlines in your existing markets or future markets. Take for example of Malaysia Airlines‚ it will have to identify and segment its markets first. Probably it will come out with a cross matrix segments of: a. geographical markets b. demography c. Travel purposes. Let view one of the segment‚ geographical .. for Malaysia. Then we can see straight away the prominent competitor which is Air Asia. The competitor will be one of the considerations
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New Economic Model (NEM) unveiled with much fanfare. It has been accompanied by the usual uncritical write-ups and praise from economic analysts from the mainstream mass media. Maybe they see in it more than what can be discern or maybe can be an incorrigible skeptic with less faith in grand visions‚ especially those put out by a group of consultants. The National Economic Advisory Council (NEAC) as its name suggests is purely an advisory body with very little – if any – authority or clout in implementation
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MALAYSIA: In-depth country analysis Background Malaysia‚ a federation of 13 states forming a constitutional monarchy‚ comprising two distinct regions separated by some 650 km of the South China Sea‚ was formed in 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation. Being a middle-income country‚ it has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector
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FOREIGN DIRECT INVESTMENT (FDI) IN MALAYSIA Foreign direct investment (FDI) in its classic form is defined as a company from one country making a physical investment into building a factory in another country. It is the establishment of an enterprise by a foreigner. More specifically‚ foreign direct investment is a cross-border corporate governance mechanism through which a company obtains productive assets in another country .Its definition can be extended to include investments made to acquire
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KUALA LUMPUR: The impending collaboration between Malaysia Airlines (MAS) and AirAsia Bhd (AirAsia) is a positive move as it would eliminate irrational competitive pricing‚ allow economies of scale‚ higher bargaining power and synergies. Hong Leong Investment Bank Bhd (HLIB) said AirAsia‚ as Malaysia’s only low-cost carrier player‚ would have better control over supply and yields without competition from FireFly‚ MAs-owned low-cost unit. “There are higher chances of AirAsia plying for routes‚ which
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COMPANY PROFILE 1. Company’s Background Malaysia Airlines began in 1947 as Malayan Airways. However‚ it was renamed Malaysian Airways following the creation of the Federation of Malaysia in 1963. The company is publicly called Malaysia Airlines System. While MAS has grown to become Southeast Asia’s largest airlines‚ it also becomes one of the world’s premier international carriers. The MAS headquarters building in downtown Kuala Lumpur has been sold. Nevertheless‚ the new corporate headquarters
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the Tole of Export in the Economic Development of Malaysia ’‚ Journal of Applied Economics‚ Vol 27‚ No 4‚ December 1999 2. Balassa B.‚ "Exports and Economic Growth: Further Evidence"‚ Journal of Development Economics‚ 5‚ 1978 3. Chong Chee Keong‚ Zulkornain Yusop & Veneu Khem-Sen Liew‚ "Export-led Growth Hypothesis in Malaysia: Application of Two-Stage Least Square Technique‚" departments of Economics‚ Faculty of Economics and Management University Putra Malaysia 4. Dr. Ab. Wahab Muahamad
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