|
Subsidy Reform In Malaysia
Subsidy reform in Malaysia was initiated in July 2010 by Prime Minister Najib Razak via a reduction in subsidies for fuel and sugar. Further cuts in subsidies for these and other products are planned over a three- to five-year period to strengthen government finances and improve economic efficiency. Implementation Prime Minister Najib announced cuts in the subsidies for vehicle fuel, sugar, and gas for cooking that took effect on midnight 15 July 2010.5-in-1 price hike: Fuel, sugar and gas up, Malaysiakini, 15 July 2010 RON95 and RON97 grades of petrol was subject to a price increase of RM0.05 per litre resulting in prices of RM1.85 and 2.10 per litre respectively. The price of liquefied petroleum gas, commonly known as LPG, was raised by RM0.10 to RM1.90 per kilogram. The price of diesel was fixed at RM1.75 per litre. Sugar increased in price by RM0.25 to RM1.85 per kilogram. Prices for cooking gas have increased by RM0.10 per kilogram. For example, a 10 kg cylinder of c ... [...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] |
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] |
Octane Rating
An octane rating, or octane number, is a standard measure of a liquid fuel, fuel's ability to withstand Compression ratio, compression in an internal combustion engine without causing engine knocking. The higher the octane number, the more compression the fuel can withstand before detonating. Octane rating does not relate directly to the power output or the energy content of the fuel per unit mass or volume, but simply indicates the resistance to detonating under pressure without a spark. Whether a higher octane fuel improves or impairs an engine's performance depends on the design of the engine. In broad terms, fuels with a higher octane rating are used in higher-compression Petrol engine, gasoline engines, which may yield higher power for these engines. The added power in such cases comes from the way the engine is designed to compress the air/fuel mixture, and not directly from the rating of the gasoline. In contrast, fuels with lower octane (but higher cetane numbers) are idea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquefied Petroleum Gas
Liquefied petroleum gas, also referred to as liquid petroleum gas (LPG or LP gas), is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, Butane, ''n''-butane and isobutane. It can also contain some propylene, butylene, and isobutylene/Isobutylene, isobutene. LPG is used as a fuel gas in HVAC, heating appliances, cooking equipment, and vehicles, and is used as an aerosol propellant and a refrigerant, replacing chlorofluorocarbons in an effort to reduce the damage it causes to the ozone layer. When specifically used as a vehicle fuel, it is often referred to as autogas or just as Autogas#Terminology variations and confusion, gas. Varieties of LPG that are bought and sold include mixes that are mostly propane (), mostly butane (), and, most commonly, mixes including both propane and butane. In the northern hemisphere winter, the mixes contain more propane, while in summer, they contain more butane. In the United States, mainly two grad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Markets
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly ''exchanges'', that is, organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. This may be a physical location (such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), Bombay Stock Exchange (BSE) or Johannesburg Stock Exchange (JSE Limited)) or an electronic system such as NASDAQ. Much trading of stocks takes place on an exchange; still, corporate actions (mergers, spinoffs) are outside an exchange, while any two companies or people, for whatever reason, may agree to sell the stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moody's Investors Service
Moody's Ratings, previously and still legally known as Moody's Investors Service and often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Ratings provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the ''Fortune'' 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Ratings rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysia
Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia on the Mainland Southeast Asia, Indochinese Peninsula and East Malaysia on the island of Borneo. Peninsular Malaysia shares land and maritime Malaysia–Thailand border, borders with Thailand, as well as maritime borders with Singapore, Vietnam, and Indonesia; East Malaysia shares land borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the country's national capital, List of cities and towns in Malaysia by population, largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government, while Putrajaya is the federal administrative capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ismail Sabri Yaakob
Ismail Sabri bin Yaakob (; born 18 January 1960) is a Malaysian lawyer and politician who served as the ninth Prime Minister of Malaysia from 2021 to 2022. He is both the shortest-serving prime minister (served for 15 months) and the shortest-serving deputy prime minister (served for 40 days). He is also the first prime minister born after the independence of Malaya, the first former Leader of the Opposition to become prime minister, the only prime minister who did not hold the highest position of the governing party or coalition, and the only prime minister to serve without a deputy. A Member of Parliament (MP) for Bera since 2004, Ismail is the Division Chief of Bera of the United Malays National Organisation (UMNO), a component party of the Barisan Nasional (BN) coalition. He also served as the vice president of UMNO from June 2018 to March 2023. As of a result of the 2020–2022 Malaysian political crisis, he was formally appointed and sworn in as prime minister on 21 A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Footnotes
In publishing, a note is a brief text in which the author comments on the subject and themes of the book and names supporting citations. In the editorial production of books and documents, typographically, a note is usually several lines of text at the bottom of the page, at the end of a chapter, at the end of a volume, or a house-style typographic usage throughout the text. Notes are usually identified with superscript numbers or a symbol.''The Oxford Companion to the English Language'' (1992) p. 709. Footnotes are informational notes located at the foot of the thematically relevant page, whilst endnotes are informational notes published at the end of a chapter, the end of a volume, or the conclusion of a multi-volume book. Unlike footnotes, which require manipulating the page design (text-block and page layouts) to accommodate the additional text, endnotes are advantageous to editorial production because the textual inclusion does not alter the design of the publication. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Malaysia
Since its formation in 1963, Malaysia's economic performance has been one of Asia's best. Real gross domestic product (GDP) grew by an average of 6.5% per year from 1957 to 2005. Performance peaked in the early 1980s through the mid-1990s, as the economy experienced sustained rapid growth averaging almost 8% annually. Malaysia's economy was greatly impacted by the 1997 Asian financial crisis, but recovered. High levels of foreign and domestic private investment played a significant role as the economy diversified and modernised. Once heavily dependent on primary products such as rubber and tin, Malaysia today is an upper middle-income country with a multi-sector economy based on services and manufacturing. Malaysia is one of the world's largest exporters of semiconductor components and devices, electrical goods, solar panels, and information and communication technology ( ICT) products. Pre-colonial economy The earliest form of economic output in the region began with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidies
A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic. Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when the ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reform In Malaysia
Reform refers to the improvement or amendment of what is wrong, corrupt, unsatisfactory, etc. The modern usage of the word emerged in the late 18th century and is believed to have originated from Christopher Wyvill's Association movement, which identified "Parliamentary Reform" as its primary aim. Reform is generally regarded as antithetical to revolution. Developing countries may implement a range of reforms to improve living standards, often with support from international financial institutions and aid agencies. This can involve reforms to macroeconomic policy, the civil service, and public financial management. In politics, there is debate over what constitutes reform vs. revolution, and whether all changes labeled "reform" actually represent progress. For example, in the United States, proponents of term limits or rotation in office consider it a revolutionary method (advocated as early as the Articles of Confederation) for rooting out government corruption by altering basi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
