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
“Tourist Point of View” is a piece written by Duke Ellington on the album “The Far East Suite.” The piece features the piano, the drums, the bass, the baritone saxophone, the tenor saxophone, and the trumpet. It is a medium to fast tempo piece with a steady percussion section in the background as the saxophones, trumpets, and other horns play in the foreground. This selection is in swing rhythmic feel. The piece has a rhythm and tempo that make it seem like you are on a journey.
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 have a Malay culture, a Chinese culture, an Indian culture , a Eurasian culture, along with the cultures. the peninsula and north Borneo. A unified Malaysian culture is something only emerging in the country. The important social distinction in the emergent national culture is between Malay and non-Malay, represented by two groups: the Malay elite that dominates the country's politics, and the largely Chinese middle class whose prosperous lifestyle leads Malaysia's shift to a consumer society. The two groups mostly stay in the urban areas of the Malay Peninsula's west coast, and their sometimes competing, sometimes parallel effect shape the shared life of Malaysia's citizens. Sarawak and Sabah, the two Malaysian states located in north Borneo, tend to be less a influential part of the national culture.
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.
...eful and kind people. There is also another important moment that Malaysia is country with high authority within Islamic world, nowadays in Malaysia live not only Malay Muslim people, but also people who came from other Muslim countries in order to live in Malaysia, because Malaysia has all living conditions to Muslim population “Malaysian miracle” is a real miracle because not every ex colonial country could reach such success as Malaysia did.
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.
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
In Malaysia, there are many culture or races that had been hold by differet people. Malaysia was a unique country because have many different religions and we can see many celebration. This is particularly evident during the festive times like Deepavali, Chinese New Year and Hari Raya Adil Fitri where you get everyone holding ‘Open houses’ to welcome visitors into their home. Malaysia is a multi-racial country consisting of Malays, Chinese, Indians and numerous indigenous people. With this, comes a myriad of religion, festivals, food and customs.
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...
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
Tourism plays a big part of the economy for many countries in the world. Tourism is also said to be the world’s largest service sector industry . According to a research by the World Travel and Tourism Council (WTTC), the travel and tourism industry was twice the size of the automotive manufacturing industry in terms of the world’s combined gross domestic product (GDP) in 2011. In terms of employment, the travel and tourism industry is only second to education, employing around 98 million in 2011. This would only mean that tourism is a major contributor to global economic development, helps in creating jobs and also generates wealth. It is no wonder that countries around the world are building up tourism infrastructures to provide greater convenience to tourists and putting in more effort to attract tourists to their country. There are however many factors affecting tourism and this essay will be discussing how political stability affects tourist numbers in three countries around the world. The three countries that will be discussed are Greece, France, and Thailand.
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 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
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