Malaysia and Thailand are both members of ASEAN and these countries are agricultural based economy since 1960s. Malaysia and Thailand have tropical climate which is suitable for the plantation of palm oil and paddy in the country. 1.1.1 Rice Production in Malaysia and Thailand In Malaysia, rice is regarded as the most important crop in the food sub-sector. However, the area under cultivation of paddy has persistently declined since the mid 1970s (Athukorala et al., 2009) and 90% of the rice consumed locally was produced domestically. Rice production rose from over 1 million tonnes in 1960 to 1.9 million tonnes in 1979, but starting from year 1980 to 1989 the production of paddy decreased until 1.7 million tonnes. The peak of paddy’s production was from 1995-1999, when production increased over 2 million tonnes (Department of Statistics Malaysia, 2002). Rice production contributes significant portion of Thailand’s economy. Statistically, in 2009, Thailand produced more than 27 million tonnes rice (UN FAO) and exported an amount of 8.5 million tonnes. Thailand also recorded 10 million tonnes of rice exports in 2008 which remarkably far before other exporting countries. Besides, the production of rice itself consumed half of the farmable area and labor force in Thailand 1.…
References: Burkill, I. H. (1966). A Dictionary of economic products of the Malay Peninsula. Vol. 2, Ministry of Agriculture and Co- operatives, Kuala Lumpur, Malaysia. 2444 pp.…
The country which was self sufficient in edible Oil production (0.154 million MT), till 1960, and paying not a single dollar against the import bill, is today importing well over 1.160 million MT against an import bill of no less that Rs.33000 million per year, being the third largest edible Oil importing country of the world, after China and the European Union. All these imports originated from Malaysia.…
On bilateral trade, Malaysia and the Philippines have enjoyed many years of beneficial economic and expanding trade relations. Total bilateral trade have increased from USD 3.38 billion in 2009 to USD 6.62 billion in 2010. Also, as Philippines’ close neighbour and fellow member of ASEAN, Malaysia has been actively engaged in the on-going efforts to bring peace to the Southern Philippines, in consultation with the Philippines Government and the Moro Islamic Liberation Front (MILF) as well as other parties. Malaysia is currently the Third Party Facilitator in the Peace Process between the Philippine Government and MILF. Malaysia has also been leading the International Monitoring Team (IMT) in Mindanao since it was first deployed in 2004.…
For a better expansion and growth for the business, globalization is the best method to do it. It is the fastest way to have the business to grow and this is further more vital when the business is already matured in its own country. We will be focusing on the business of Old Town White Coffee to have it open its stores in the other country. After doing research and consideration we proposed to open Old Town White Coffee in Australia. In our report, it is prepared in according to a formal report that have contained a table of content list, introduction of Old Town White Coffee business in Malaysia, PESTLE factors of political, economic, social and technological factor of Australia, proposed method of entry, recommendations and conclusions. Old Town White Coffee is chosen as the business to implement in Australia. The PESTLE factors of Australia are investigated and the proposed method of entry is licensing and franchising. Lastly, recommendations involving advertisement and expansion of business by changing the entry method to foreign are considered.…
The automotive business in local is regard as solitary of the majority essential as well as important tactical businesses within the developed region. Malaysia is mainly a traveler concern market and the trade is well thought-out as a national market-directed. The most important cause why traveler concern market is well-known within the nation is for the reason that of the financial position of the nation (www.proton.com).…
PETRONAS is Malaysia's national oil company which was founded on the 17th of August 1974. It is wholly owned by the Malaysian government but operates like a commercial entity with freedom to formulates its own business plan with its day to day affairs run by professional managers who answers to its board of directors. The corporation is vested with the entire ownership of the oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources ("PETRONAS", n.d., p. 01).…
paper will analyze the current major issues, such as the price of raw water, the status…
Malaysia is a member of the Association of South East Asian Nations (ASEAN) and represents one of the biggest automobile markets in the region. Before the beginning of the economic crisis in 1997, Thailand was the largest automotive market within the ten-nation ASEAN, followed by Indonesia, Malaysia, and then the Philippines. But the…
Manufacturing has a large influence in the country's economy. Malaysia today is a 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.…
Crude oil and natural gas account for 60% of Brunei’s GDP as well as 90% of its exports.…
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.…
Introduction Definition The Difference between 1 Malaysia concept and Malaysian Malaysia Concept 1 Malaysia concept 3 Basic Principles of 1Malaysia…
How to increase the number of tourist in Malaysia? I think more variety we can do how to increase the number the number of tourist in Malaysia.. Malaysia in Asia has always been a topic of interest a among traveler and tourist who love and like to visit in Asia. The response a foreign tourist a good and going to better than the support given by the local people. I think our country should doing something to increase the number of tourist. One step, our country have do promotion lower package. Promotion lower package can attract foreign tourist come visit to Malaysia. Promotion lower package such as lower price for accommodation for tourists, transport system for visit to tourism places and other. Besides promotion lower package to increase the number of tourist visit to Malaysia, our country can to prepare good quality to tourist.Good quality a mean our country to prepare more facilities, accommodation, safely and other. With more facilities, accommodation and safely we can attract more tourist come to visit Malaysia. Altogether can to increase the number of tourist in Malaysia but i think more alternative to increase the number of tourist in Malaysia such as our country to improvements in facilities and infrastructure for attract tourist come to visit in Malaysia. The transport system already to better but we have to improvements for a good. To increase the number of tourist in Malaysia, i think campaign can to increase the number and to attract tourist come to visit Malaysia. I think that all i can suggest to increase the number of tourist in Malaysia. I know my friends Salsabil and Husna have many idea different my idea..I hope, Salsabil and Husna can compare they idea with me..…
The 1st Malaysian Plan that was launched in 1965 listed palm oil sector as one of the key drivers for the Malaysia’s economic growth. It was then supported by the establishment of various organizations such as Federal Land Development Authority (FELDA) and Malaysian Palm Oil Board (MPOB), and also other…