Economic Transformation Programme
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Economic Transformation Programme
The Economic Transformation Programme is an initiative by the Malaysian government to turn Malaysia into a high income economy by the year of 2020. It is managed by the Performance Management and Delivery Unit (PEMANDU), an agency under the Prime Minister Department of Malaysia. Overview Launched on 21 September 2010, it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income nation. It is projected that Malaysia will be able to achieve the targets set if GNI grows by 6% per annum. Set to revitalise Malaysia's private sector, the 60% of the blueprint's investment would derived from private sector, 32% from government linked companies and the remaining 8% from the government. Various sectors for development have been identified and ar ...
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Malaysian Government
The Government of Malaysia, officially the Federal Government of Malaysia ( ms, Kerajaan Persekutuan Malaysia), is based in the Federal Territory of Putrajaya with the exception of the legislative branch, which is located in Kuala Lumpur. Malaysia is a federation comprising the 11 States of Malaya, the Borneo States of Sabah and Sarawak, and 3 Federal Territories operating within a constitutional monarchy under the Westminster system and is categorised as a representative democracy. The federal government of Malaysia adheres to and is created by the Federal Constitution of Malaysia, the supreme law of the land. The federal government adopts the principle of separation of powers under Article 127 of the Federal Constitution of Malaysia, and has three branches: executive, legislature and judiciary. The state governments in Malaysia also have their respective executive and legislative bodies. The judicial system in Malaysia is a federalised court system operating uniformly thr ...
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Select-TV
Select-TV is a Malaysian based company specializing in the IPTV (Internet Protocol television) technology for the hospitality and telecommunication sectors. Since its inception, it has delivered several IPTV projects to the Middle East and South East Asian region. Although the current company was incorporated in 2007 after a group restructuring, its development of IPTV for hospitality began since 2000. The company originally used Microsoft Windows platform for its set top boxes during its initial stage of product development. However, due to costs, it later developed the second version on Linux. Among notable clients of Select-TV's IPTV for hotels are the Armani Hotel in Burj Khalifa in Dubai, Emirates Palace and Yas Marina Circuit in Abu Dhabi, Kempinski Residences and Suites in Doha, Lebua at State Tower Hotel in Bangkok, as well as Star Cruises' cruise ship SuperStar Virgo. In 2009, Select-TV began the development of EMAGINE, the home-use version of its IPTV system. The syst ...
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Mines Wellness City
Mines Wellness City, formerly known as Mines Resort City, is an integrated Health and Wellness resort township in Seri Kembangan, Selangor, Malaysia. Background The land was formerly the world's largest open cast tin mine. Currently the development consists of: * Palace of the Golden Horses - a luxury hotel; * Mines Wellness Hotel - healthcare-oriented hotel; * The Australian International School Malaysia (AISM); * Golden Horses Health Sanctuary; * The Mines shopping mall; * Mines Waterfront Business Park; * Mines Resort & Golf Club; * Mines International Exhibition Convention Centre (MIECC); and * The Heritage Residences and Retail * Philea It is both an expansion and transformation of the former Mines Resort City. The expansion of the city is part of the government's Economic Transformation Plan (ETP) which is spearheaded by PEMANDU (Performance Management and Delivery Unit), under the Prime Minister's Department. It was announced on 11 January 2011 by the prime minister o ...
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Economies Of Scale
In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time. A decrease in cost per unit of output enables an increase in scale. At the basis of economies of scale, there may be technical, statistical, organizational or related factors to the degree of market control. This is just a partial description of the concept. Economies of scale apply to a variety of the organizational and business situations and at various levels, such as a production, plant or an entire enterprise. When average costs start falling as output increases, then economies of scale occur. Some economies of scale, such as capital cost of manufacturing facilities and friction loss of transportation and industrial equipment, have a physical or engineering basis. The economic concept dates back to Adam Smith and the idea of obtaining larger production returns through the use ...
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Palm Oil Industry
Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 33% of global oils produced from oil crops in 2014. Palm oils are easier to stabilize and maintain quality of flavor and consistency in processed foods, so are frequently favored by food manufacturers. On average globally, humans consumed 7.7 kg (17 lb) of palm oil per person in 2015. Demand has also increased for other uses, such as cosmetics and biofuels, creating more demand on the supply encouraging the growth of palm oil plantations in tropical countries. The use of palm oil has attracted the concern of environmental groups due to deforestation in the tropics where palms are grown, and has been cited as a factor in social problems due to allegations of human rights violations among growers. An industry group formed in 2004 to create more sustainable and ...
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Arc Media Global
ARC may refer to: Business * Aircraft Radio Corporation, a major avionics manufacturer from the 1920s to the '50s * Airlines Reporting Corporation, an airline-owned company that provides ticket distribution, reporting, and settlement services * Airport Regions Conference, a European organization of major airports * Amalgamated Roadstone Corporation, a British stone quarrying company * American Record Company (1904–1908, re-activated 1979), one of two United States record labels by this name * American Record Corporation (1929–1938), a United States record label also known as American Record Company * ARC (American Recording Company) (1978-present), a vanity label for Earth, Wind & Fire * ARC Document Solutions, a company based in California, formerly American Reprographics Company * Amey Roadstone Construction, a former British construction company * Aqaba Railway Corporation, a freight railway in Jordan * ARC/Architectural Resources Cambridge, Inc., Cambridge, Massachusett ...
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Risk Service Contract
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is “effect of uncertainty on objectives”. The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas ( business, economics, environment, finance, information technology, health, insurance, safety, security etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and generic guidelines on managing risks faced by organizations. Definition ...
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Cisco Systems
Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. Cisco is one of the largest technology companies in the world ranking 74 on the Fortune 100 with over $51 billion in revenue and nearly 80,000 employees. Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists who had been instrumental in connecting computers at Stanford. They pioneered the concept of a local area network (LAN) being used to connect distant c ...
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Tenaga Nasional
Tenaga Nasional Berhad (, abbreviated as TNB; TENAGA, ), also known as Tenaga Nasional or simply Tenaga, is the Malaysian multinational electricity company and is the only electric utility company in Peninsular Malaysia and also the largest publicly-listed power company in Southeast Asia with MYR 182.60 billion worth of assets. It serves over 10.3 million customers throughout Peninsular Malaysia (except Sarawak) and the East Malaysian state of Sabah through Sabah Electricity Sdn Bhd. TNB's core activities are in the generation, transmission and distribution of electricity. Other activities include repairing, testing and maintaining power plants, providing engineering, procurement and construction services for power plants related products, assembling and manufacturing high voltage switchgears, coal mining and trading. Operations are carried out in Malaysia, Mauritius, Pakistan, India and Indonesia. TNB is one of the 10 companies under Khazanah Nasional, Malaysian soverei ...
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Hovid
Hovid is a locality situated in Sundsvall Municipality, Västernorrland County Västernorrland County ( sv, Västernorrlands län) is a county ('' län'') in the north of Sweden. It is bordered by the counties of Gävleborg, Jämtland, Västerbotten and the Gulf of Bothnia. The name ''Västernorrland'' means "Western ..., Sweden with 225 inhabitants in 2010. References Populated places in Sundsvall Municipality Medelpad {{Västernorrland-geo-stub ...
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World Bank High-income Economy
A high-income economy is defined by the World Bank as a nation with a gross national income per capita of US$12,696 or more in 2020, calculated using the Atlas method. While the term "high-income" is often used interchangeably with "First World" and "developed country," the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies." According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing. Although the Vatican City is a sovereign state, i ...
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AirAsia
Capital A Berhad, () operating as AirAsia (stylized as ''airasia'') is a Malaysian multinational low-cost airline headquartered near Kuala Lumpur, Malaysia. It is the largest airline in Malaysia by fleet size and destinations. AirAsia operates scheduled domestic and international flights to more than 165 destinations spanning 25 countries. Its main base is klia2, the low-cost carrier terminal at Kuala Lumpur International Airport (KLIA) in Sepang, Selangor, Malaysia. Its affiliate airlines Thai AirAsia, Indonesia AirAsia, Philippines AirAsia have bases in Bangkok–Don Mueang, Jakarta–Soekarno-Hatta, Manila–Ninoy Aquino airports respectively, while its sister airline, AirAsia X, focuses on long-haul routes. AirAsia's registered office and head office is at Kuala Lumpur International Airport. In 2007, ''The New York Times'' described the airline as a "pioneer" of low-cost travel in Asia. AirAsia is the sponsor of Malaysia national football team, Singapore national ...
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