|
Malaysia Vision Valley
The Malaysia Vision Valley (MVV; Malay language, Malay: ) is a development corridor that encompasses the districts of Seremban District, Seremban and Port Dickson District, Port Dickson in the state of Negeri Sembilan, Malaysia. The corridor was initially established on 21 May 2015, and it forms the southern continuation of the Greater Kuala Lumpur area. Background The state of Negeri Sembilan has a very close proximity to the heavily developed Klang Valley area and is very well connected via major arteries. Driven by the increase of commuters from the state commuting daily to work, including topographic factors - where the corridor between Kuala Lumpur and Negeri Sembilan is relatively flatter compared to the north - the urban sprawl of the Klang Valley has been seen to push southwards over the years, causing new developments to spur up in bordering districts, especially Seremban District, Seremban and Port Dickson District, Port Dickson - both are also part of the National Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Economic Zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for bei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commuters
Commuting is periodically recurring travel between a place of residence and place of work or study, where the traveler, referred to as a commuter, leaves the boundary of their home community. By extension, it can sometimes be any regular or often repeated travel between locations, even when not work-related. The modes of travel, time taken and distance traveled in commuting varies widely across the globe. Most people in least-developed countries continue to walk to work. The cheapest method of commuting after walking is usually by bicycle, so this is common in low-income countries but is also increasingly practised by people in wealthier countries for environmental, health, and often time reasons. In middle-income countries, motorcycle commuting is very common. The next technology adopted as countries develop is more dependent on location: in more populous, older cities, especially in Eurasia mass transit (rail, bus, etc.) predominates, while in smaller, younger cities, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
14th Malaysian General Election
General elections were held in Malaysia on Wednesday, 9 May 2018. At stake were all 222 seats in the Dewan Rakyat, the lower house of parliament. The 13th Parliament was dissolved by Prime Minister Najib Razak on 7 April 2018. It would have been automatically dissolved on 24 June 2018, five years after the first meeting of the first session of the 13th Parliament of Malaysia on 24 June 2013. In an unprecedented victory, the Pakatan Harapan (PH) coalition, which had been the country's federal opposition prior to the elections, won a majority in the Dewan Rakyat together with the Sabah Heritage Party (WARISAN), with PH and WARISAN together winning 121 seats. The elections marked the first time in Malaysia's history that the ruling party was voted out of power. The Barisan Nasional (BN) coalition had previously enjoyed an uninterrupted reign over the country since Malaya's independence in 1957, but this came to an end following the elections. PH's leader, Mahathir Mohamad, who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barisan Nasional
Barisan Nasional (BN; ) is a political coalition of Malaysia that was founded in 1974 as a coalition of centre-right and right-wing political parties to succeed the Alliance Party. It is the third largest political coalition with 30 seats in the Dewan Rakyat after Pakatan Harapan (PH) with 82 seats and Perikatan Nasional (PN) with 74 seats. The coalition consists of the United Malays National Organisation (UMNO), Malaysian Chinese Association (MCA), Malaysian Indian Congress (MIC), and United Sabah People's Party (PBRS). The Barisan Nasional coalition employs the same inter-communal governing model of its predecessor the Alliance Party but on a wider scale, with up to 14 communal political parties involved in the coalition at one point. It dominated Malaysian politics for over thirty years after it was founded. Taken together with its predecessor Alliance, it had a combined period of rule of almost 61 years from 1957 to 2018, and was considered the longest ruling coalition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spillover Effect
In economics, a spillover is a positive or a negative, but more often negative, impact experienced in one region or across the world due to an independent event occurring from an unrelated environment. For example, externalities of economic activity are non-monetary spillover effects upon non-participants. Odors from a rendering plant are negative spillover effects upon its neighbors; the beauty of a homeowner's flower garden is a positive spillover effect upon neighbors. The concept of spillover in economics could be replaced by terminations of technology spillover, R&D spillover and/or knowledge spillover when the concept is specific to technology management and innovation economics. Moreover, positive or negative impact often creates a social crisis or a shock in the market like booms or crashes. In the same way, the economic benefits of increased trade are the spillover effects anticipated in the formation of multilateral alliances of many of the regional nation states: e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eleventh Malaysia Plan
The Eleventh Malaysia Plan (11MP) ( Malay: ''Rancangan Malaysia ke-11'') 2016–2020 is Malaysia's five-year development plan towards realising the goal of Vision 2020. The preparation of the 11th Malaysia Plan is based on the National Development Strategy of Malaysia (MyNDS) which focuses on the development of people-based economy and capital-based economy with the implementation of high impact projects. The 11th Malaysia Plan was tabled at House of Representatives by Prime Minister of Malaysia Datuk Seri Najib Tun Razak on 21 May 2015. Cores 11MP has six cores: # Strengthening Inclusive Into the Right People # Increasing People's Prosperity # Enhancing Human Capital Development for Developed Countries # Sustainability and Development Resilience Through Green Growth # Strengthening Infrastructure to Support Economic Growth # Engineered Economic Growth In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Najib Razak
Mohammad Najib bin Abdul Razak (, ; born 23 July 1953) is a Malaysian politician who served as the sixth Prime Minister of Malaysia from 2009 to 2018. In 2020, he was convicted of corruption in the 1Malaysia Development Berhad scandal, one of the largest money-laundering and embezzlement scandals in history. He is the son of former prime minister Abdul Razak Hussein. Najib served as the chairman of the Barisan Nasional (BN) coalition from April 2009 to May 2018 and as the president of the United Malays National Organisation (UMNO) from November 2008 to May 2018. However, the coalition experienced an unprecedented defeat in the 2018 general election, attributed to corruption charges involving Najib and his family, which eroded public trust in the ruling party. The introduction of the Goods and Services Tax, widely regarded as unpopular, also significantly contributed to the decline in support. Najib was elected to the Parliament of Malaysia in 1976, at the age of 23, re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Malaysia)
The Ministry of Finance (; Jawi: ), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament. The Minister of Finance administers his functions through the Ministry of Finance and a range of other government agencies. Its headquarters is in Ministry of Finance Complex, Putrajaya. Duties and importance The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Malaysia
The prime minister of Malaysia (; ) is the head of government of Malaysia. The prime minister directs the executive branch of the Government of Malaysia, federal government. The Yang di-Pertuan Agong appoints the prime minister who is a member of Parliament (MP) who, in his opinion, is most likely to command the confidence of a majority of MPs. The prime minister is usually the leader of the party winning the most seats in a general election. After the formation of Malaysia on 16 September 1963, Tunku Abdul Rahman, the chief minister of the Federation of Malaya, became the first prime minister of Malaysia. Appointment According to the Constitution of Malaysia, Federal Constitution, the Yang di-Pertuan Agong shall first appoint a prime minister to preside over the Cabinet of Malaysia, Cabinet. The prime minister is to be a member of the Dewan Rakyat (House of Representatives), and who in his majesty's judgment is likely to command the confidence of the majority of the memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Menteri Besar Of Negeri Sembilan
The Menteri Besar of Negeri Sembilan or First Minister of Negeri Sembilan is the head of government in the Malaysian state of Negeri Sembilan. According to the convention, the Menteri Besar is the leader of the majority party or largest coalition party of the Negeri Sembilan State Legislative Assembly. The 11th Menteri Besar of Negeri Sembilan is Aminuddin Harun, who took office on 12 May 2018. Appointment According to the state constitution, the Yang di-Pertuan Besar of Negeri Sembilan with the concurrence of Negeri Ruling Chiefs shall first appoint the Menteri Besar to preside over the Executive Council and requires such Menteri Besar to be a member of the Legislative Assembly who in his and Negeri Ruling Chiefs judgment is likely to command the confidence of the majority of the members of the Assembly, to be an ethnic Malay who professes the religion of Islam and not to be a Malaysian citizen by naturalisation or by registration. The Yang di-Pertuan Besar and Negeri Ruling ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohamad Hasan (politician)
Mohamad bin Hasan (; born 2 May 1956), familiarly known as Tok Mat or Mat Hasan, is a Malaysians, Malaysian politician who has served as the Minister of Foreign Affairs (Malaysia), Minister of Foreign Affairs in the Unity Government administration under Prime Minister of Malaysia, Prime Minister Anwar Ibrahim since December 2023 and previously served as the Minister of Defence (Malaysia), Minister of Defence prior to the 2023 Malaysian cabinet reshuffle, 2023 cabinet reshuffle from December 2022 to December 2023. He has also served as the Deputy Chairman of Barisan Nasional (BN) and Deputy President of the United Malays National Organisation (UMNO) since June 2018, the Dewan Rakyat, Member of Parliament (MP) for Rembau (federal constituency), Rembau since November 2022 as well as Member of the Negeri Sembilan State Legislative Assembly (MLA) for Rantau (state constituency), Rantau from March 2004 to February 2019 and again since April 2019. He served as the 10th Menteri Besar of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
