Malaysia's Issues

In: Social Issues

Submitted By elainejsy
Words 28686
Pages 115
IMF Country Report No. 15/58

MALAYSIA
March 2015

2014 ARTICLE IV CONSULTATION—STAFF REPORT;
PRESS RELEASE; AND STATEMENT BY THE EXECUTIVE
DIRECTOR FOR MALAYSIA
Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2014 Article IV consultation with Malaysia, the following documents have been released and are included in this package:


The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on February 13, 2015, following discussions that ended on November 24,
2014, with the officials of Malaysia on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on
January 23, 2015.



An Informational Annex prepared by the IMF.



A Press Release summarizing the views of the Executive Board as expressed during its
February 13, 2015 consideration of the staff report that concluded the Article IV consultation with Malaysia.



A Statement by the Executive Director for Malaysia.

The document listed below has been or will be separately released.
Selected Issues Paper

The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information.
Copies of this report are available to the public from
International Monetary Fund  Publication Services
PO Box 92780  Washington, D.C. 20090
Telephone: (202) 623-7430  Fax: (202) 623-7201
E-mail: publications@imf.org Web: http://www.imf.org
Price: $18.00 per printed copy

International Monetary Fund
Washington, D.C.

© 2015 International Monetary Fund

MALAYSIA
January 23, 2015

STAFF REPORT FOR THE 2014 ARTICLE IV CONSULTATION

KEY ISSUES
Near-term outlook. Prospects for Malaysia’s well diversified economy are favorable
despite…...

Similar Documents

Issues

...University of Maryland Ambulatory Care Center: Highlighting Issues and Solutions DeVry University HSM 420: Managed Care and Health Insurance \ Introduction The quality of care is measured through the patient receiving the care. The patient measures quality of care through needs and preferences, care given without unnecessary delays and healthcare is not affected by gender, race, age or income. The Surgical Clinic at the University of Maryland strives to meet these goals by providing stellar care in a facility given the Leapfrog award for over a decade. Through observation there were a few areas in which could use improvement. Patients wait times affect how the patient perceives the care given. Another major issue is the need for consistency, reassurance to the patient that although the same physician may not be treating you during each visit the physicians are familiar with your individual case. Patients often find the location of the clinic difficult to find within the hospital which causes frustration upon arrival. The availability of clinics can cause an issue for patients. Description The University of Maryland Medical Center Surgical Clinic is governed by an ambulatory services team with different scopes of practice, including Doctors, Nurses, Administrators and other Clinical staff. The clinic staffs the Practice Manager, three subspecialty Nurses, a Medical Assistant, a Practice Assistant also the Scheduling Coordinator. The University of...

Words: 1122 - Pages: 5

Issue

...ISSUES I. Under Massachusetts’ privacy statue, did Chad Thanton disclose private information about Marsha Kensington that was unreasonable and substantial or serious, when Thanton posted three personal pictures of Kensington, which she had never made public? II. Under Massachusetts’ defamation law, did Chad Thanton publish false information about Marsha Kensington to a third-party that could damage her reputation in the community, when Thanton made statements regarding how Kensington makes her grades, she is second in her class, and is unable to get a job offer regardless of her credentials? BRIEF ANSWERS I. Yes. Kensington will be able to prove that her privacy was invaded because there were pictures posted of her by Thanton that was unreasonable and substantial or serious. The pictures of Kensington posted by Thanton had no intervening legitimate interest that would make the postings reasonable. Also the interference was substantial or serious because the interference was frequent, with the pictures being posted on AutoAdmit.com and her expectation of privacy was heightened because posted the pictures under privacy settings. II. Probably. Kensington will probably be able to prove that she was defamed because there were false statements published by Thanton to a third-party about her that could damage her reputation in the community. The comments posted on AutoAdmit.com by Thanton could damage Kensington’s reputation in the legal community because she is unable to......

Words: 2817 - Pages: 12

Issue

...Foxconn ----- current issue and future forecast Table of Content Executive summary 4 Introduction 5 Overview of the company 5 Economic 7 Current Issue 7 Responding the suicide case in China in economic aspect 7 Current economic issue in Foxconn 7 Future opportunities and risk in Asia region 8 Opportunities 8 Risk 9 Recommendation 10 Political 10 Current Issue 10 Suicide case on political aspect 11 The relationship with China and Taiwan 11 Future forecast 12 Opportunity 12 Risk 13 Recommendation 13 Social 14 Current Issue 14 Current social issues in Foxconn- Suicide Case 14 DISCUSSION ON LABOR, HUMAN RIGHTS AND OHS 15 Future Opportunity and Risk 18 Opportunity 18 Risk 18 Recommendation 18 Environment 19 Current issues 19 Future opportunities and Risks 19 Opportunity 19 Risks 23 Recommendations 24 Conclusion 25 Reference 26 Executive summary This report provides the current economic, political, social and environmental issues, future opportunities and risks, and recommendations for Foxconn. There were a series of suicide incidents happened in Foxconn around 2010 which puts the company under the spotlight. The huge net deficiency in 2010 is the biggest issue in economic part. The political issues involved the tense......

Words: 6307 - Pages: 26

Technology Does Increase Malaysia’s Standard of Tertiary Education.

...the 1997 Asian financial crisis, although no country in the region was spared. The rapid technological development of the NIEs over the past two decades has caught the attention of both developing and developed economies. Coincidentally, Malaysia and the NIEs are not only located in the same region, but to a large extent have similar economic regimes and trade structures. In view of that, Malaysia has a strong basis to consider formulating its own technological development strategy based on those in the NIEs with appropriate adaptations to accommodate the economy’s uniqueness. The main drivers of Malaysia’s scientific and technological efforts are the public sector research system comprising research institutions, private industry sector and tertiary education. In this report, it will focus on the technology in education and I believe that technology does increase Malaysia’s standard of tertiary education. Michael Chaney (2013) mentioned that, there are two major approaches to technology in education which are learning from technology and learning with technology. Learning from technology is often referred to in terms such as instructional television, computer-based instruction, or integrated learning systems. Learning with technology is referred to in terms such as cognitive tools and constructivist learning environments. Regardless of the approach, technology has been introduced into education because it is believed that they can have positive effects on teaching......

Words: 3231 - Pages: 13

Identification of Malaysia’s Economic System

...Identification of Malaysia’s Economic System Malaysia is a moderately affluent countries. In the new economic policy, she produced from a raw material in the late 1971-1990 period the country to convert to a new multi-industrial economy. Economic growth is mainly dependent on the export of finished products, especially electronic products. Therefore, especially big blow to the global economic recession and the recession of information technology brought to Malaysia. Malaysian economy developed steadily since 1987. Since then Malaysia's economy an average annual growth rate of 8%, higher than that of other countries in Southeast Asia. Economic growth, mostly from the direct involvement of the national government. In 1987, the Government will action taken to attract foreign investment. Of foreign investment in Malaysia peaked in 1990, a total of 17.6 billion ringgit. The privatization of state assets is also ongoing. The government has proposed the "Vision 2020" plan, the plan has been to determine the basic goal of the industrialization of the country. Kuala Lumpur stable macroeconomic environment, with adequate foreign exchange reserves and a small external debt remained at or below 3% inflation rate and the unemployment rate, the recession similar to the 1997 Asian economic crisis from happening again in Malaysia may resistance becomes very small. Nevertheless, faced with lack of competitiveness and high debt problem of large enterprises have a negative impact on Malaysia's......

Words: 763 - Pages: 4

Issues

...psychological issues. Oftentimes, these families are involved in the child welfare system, due to the negative violence and discord in the households, which places children at risk. This population is of great interest, as that studies have shown adolescents who witness domestic violence are vulnerable and do not have the capacity to understand nor cope with the trauma. According to Osofsky (2003), adolescents experience intense stresses that include fear of death and fear of loss of their parent. The negative effects result from children having to integrate the experience of violence and child welfare involvement, while living in a stressful environment. As a future clinician, I would like to utilize different therapy methods and specific strategies in treating these individuals. Integrated review of literature Children who have been involved in the child welfare system have experienced or witnessed some form of abuse or neglect, which causes them to have behaviour, emotional and psychological issues. Some of their behaviors, which are moderate to severe include: hitting, pushing, kicking and threatening others. Moylan, Herrenkohl, Sousa, Tajima, Herrenkohl, & Russo (2009) suggest many children who witness domestic violence have also directly experienced child abuse and experience a wide range of adverse behavioral and psychosocial outcomes. In the overview of literature the authors gives a culmination of families types, cultural styles, and the issues these......

Words: 1427 - Pages: 6

Issue

...Issue The airline industry is facing one of the most challenging environments in its history. A global economic slowdown, punctuated by the events of September 11th, has led to a decline in passenger traffic, continued yield reductions, decreased load factors, and burgeoning fleet, insurance and labor costs. As airlines grapple with how to deliver a consistent and distinctive customer experience while maintaining low operating costs, they have turned to the promise of CRM. Although operational and security issues became top of mind immediately after September 11th, CRM has gradually come back into focus as airlines recognize the importance of effective customer management in establishing long term competitive advantage. CRM’s promise is indeed compelling strengthened loyalty driving increased revenue, with lower acquisition costs and improved operational efficiency. For full-service airlines, CRM is an essential component of their corporate strategy, the means of differentiating themselves from competitors in the eyes of the customer. And although low cost carriers may be less reliant on CRM as a means of driving competitive differentiation, even they must invest in fundamental CRM technologies and processes to manage the customer efficiently over the course of the travel experience. Increasingly, airlines are recognizing that CRM is a long term investment, with the true benefits reaped through profitable lifelong customer relationships. Although many airlines understand......

Words: 3903 - Pages: 16

Issues

...The following paper will examine the short film “Our World” from the Responsibility Project featuring singer John Legend. Specifically, the paper will provide insight into the organizational issue of education and how ethical principles, external social pressures, relevance of organizational, and personal decisions affect this societal problem. Why are the issues in the film important? The issues with this film center on our ailing educational systems in and around low income, poverty stricken inner cities throughout the United States. Ensuring each child receives a quality education regardless of ethnicity or social background is extremely important issue. John Legend is using his success and resources to address these exact concerns within the political arena in Washington. What role do external social pressures have in influencing organizational ethics? External social pressures can steer organizational ethics, both in negative and positive manner. For example, as John Legend highlights society (external social pressure) tends to have several per-conceived notions on inner city education activities. One such negative notion is poor black, white or Hispanic children will not do well within the education system because of the influence of the geographical area, standards of living, and the lineage of their parents so we should just give up on them because they will not do well. Additionally, recent political initiatives (external social pressures) from the......

Words: 265 - Pages: 2

Disqualified Director: Malaysia's Law vs Uk's Law

...Contents Abstract 2 Introduction 3 Body 4 Definition of directors 4 Definition of disqualified directors 4 Circumstances for disqualification of directors 5 i. Undischarged bankruptcy (section 125) 5 ii. Convicted of crimes (section 130) 5 ii. Disqualification in insolvent companies (section 130A) 6 Comparison of penalty or punishment of disqualified director under Malaysia’s Law and United Kingdom’s (UK) Law 6 Example of cases involve directors disqualification in UK and Malaysia 7 Case 1 7 Case 2 8 Conclusion 10 Abstract Director is one of the important people in the conducting of a company. Without them, the company cannot be operated and all matters concerning the company cannot be carried out. At present, when a company fall or declared bankruptcy, the director become a disqualified director and cannot be a director in other companies as they may cause a similar incident recurring. According to this matter, the punishment of the disqualified director in Malaysia is fixed to 5 years which in major or minor case and must pay a fine RM100, 000.00 or both. They can’t be a director of other company just because they fail to exercise their duties and caused they commit a major or minor cases in a long time period. This paper aim to examine whether the punishment of disqualified director can be implementing or change in Malaysia compare to other country. Introduction In Malaysia, the situation which the person who tend to be a......

Words: 2904 - Pages: 12

Fitch Downgraded of Malaysia's Credit Rating

...Fitch, one of the big three international rating agency recently downgraded Malaysia’s credit standing. This has highlighted that the government has to improve on its fiscal policy and management. The first step taken by the government was to begin to rationalize subsidies leading to immediate increase in price of Ron 95 by RM0.20. Fiscal consolidation to further strengthen the fiscal position will be the implementation of the controversial goods and service tax( GST ) on April,2015. a) Comment on whether the downgrading by Fitch is justified. Substantiate your view. Sovereign credit rating is crucial for investors as it provides a deep understanding of the risk associated with investing in a particular country and also the political risks that involved (Investopedia, n.d.). Being a developing country, it is important to get good sovereign credit rating as it helps to access funding in international bond markets. On Tuesday, 30th July 2013, Fitch has announced downgrade Malaysia’s sovereign credit rating outlook to Negative from Stable. This is the most serious action taken by a global rating agency to date. Fitch negative credit outlook on Malaysia create a negative impact on Malaysia in term of higher costs of borrowings and also result into a higher inflationary effect (The Malay Mail Online, 2013). However, Fitch still maintained Malaysia’s existing high investment-grade ratings “A-“ on long-term foreign debt meanwhile rating for long-term local debt is “A”......

Words: 2905 - Pages: 12

Issue

...The speaker claims that the responsibility for protecting the environment ultimately belongs to each individual rather than government. The issue involves various aspects of environmental protection and government regulations. In my view, while it is true that ordinary people are ultimately responsible for protecting the environment, the government is also obliged to join the efforts, for the reason that only government has the necessary regulatory power and financial support to coordinate such efforts. I concede that individuals are ultimately responsible for the environmental protection. After all, government, by nature, is only a regulatory body that consists of ordinary people. Futhermore, the financial support gained by governments are from tax-payers and the regulatory power is also endowed by the people to some degree. For example, the government's decision to foster environmental protection is effective only when it is supported by tax money. Therefore, individuals are the ones that are responsible for protecting the environment. However, even though individuals have the duty to proctect environment, it is no excuse for government to escape such duties. First, only government possesses the regulatory power to enforce environmental protection laws. The central reason why the efforts have been less than successful in some places is that they are always in conflict with the interests of certain groups of people. As a result, measures have to be taken in a forceful......

Words: 2704 - Pages: 11

Issues

...of politics and because she running for president they are trying to discredited her and use the line “how can we trust her”. Reading the headlines I feel the republicans are just trying to make the democratic look bad. “It was my choice. She said “ It was a mistake back when I did it, and I’m trying to do the best I can to answer all of the questions that people have. But if she use a private server for any work-related emails that she sent to government email addresses from her private email address would be captured on federal servers she believe so I felt she didn’t think it would have been a problem. I feel this is non-sense and there is a bigger issue at hand then Hillary and her private server emails I could care less I need to know about other information and what they planning on doing such as health benefits and EBT issue not emails. ...

Words: 374 - Pages: 2

Issues

...GAC023 ASSESSMENT EVENT 4 (1) Issues Report Student’s name: Elda Guadalupe Coronel Corona. Student’s ID: 1674153. Teacher: Javier Morones. Due date: January 29th2016 Word Count: 300 1.0 Introduction The objective of this report is to conduct research to determine what aspects of biology a person must be familiar with in order to understand, deal with and attempt to solve the problem. This research is based on secondary research sources from internet and articles. 2.0 Air Pollution Air pollution can further be the sustainment of all things living is due to a combination of gases that collectively form the atmosphere; the imbalance caused by the increase or decrease of the percentage of these gases can be harmful for survival. The pollutants that are a direct result of the process can be called primary pollutants. A classic example of a primary pollutant would be the sulfur-dioxide emitted from factories. The effects of air pollution: 1. Respiratory and heart problems, 2. Global warming:  and 3. Depletion of Ozone layer. 3.0 Water Pollution Dirty water is the world's biggest health risk, and continues to threaten both quality of life and public health in the world. When water from rain and melting snow runs off roofs and roads into our rivers, it picks up toxic chemicals, dirt, trash and disease-carrying organisms along the way. Many of our water resources also lack basic protections, making them vulnerable to pollution from factory......

Words: 318 - Pages: 2

Issues

...Second Essay, Issues I feel strongly about: An issue that's always haunted me ever since I was a child was the issue of self-esteem. Coming from a South Indian background, where it is predominantly dark skinned people, being light skinned is an advantage. The lighter you were in complexion the better you were made to feel about yourself, the more marriage proposals you got, the more you had going for you in life. Being the caramel brown that I am, I was always made to feel inadequate because the color of my skin and what worsened it was I always played outside in the hot Texas sun. My aunts would always make joking comments about my marriage proposals going out the door and then to spite them I'd go sit outside for some more time. This went on for a while, along with other demands from other areas of my life, from school and my friends and the media telling me I should conform to fit a certain stereotype to have more friends, achieve happiness, etc. At first I tried to appease these demands but I never was happy that way, I spent the majority of my life in that way. Since then I've reached a certain level of enlightenment, I've made supportive friends and made a change within myself. I became who I wanted myself to be and stopped looking for approval in other people’s eyes. I feel so much better about myself as a person now that I've made these changes, I'm not perfect I get momentary flashes of insecurity but I get through them. Self-esteem is such a cliche issue but it is......

Words: 629 - Pages: 3

Issues in

...Issues in Human Resource Management May 21, 2012 Drug testing continues to develop as a popular strategy to control substance abuse in the workplace; the incidence of testing is partially based on the type of worksite, characteristics of employees, and policies of the company. The concept of a Drug Free Workplace began in 1914. It was at this time that the Ford Motor Company established sobriety programs in the company's plants. The next step from here was when Ronald Reagan signed the Executive Order 12564. This banned the use of drugs both on and off duty for federal government employees. This order resulted in the Drug-free Workplace Act of 1988. It was in 1986 that the government recognized that drug use was having a serious adverse effect on the workforce and the billions of dollar that was lost in productivity each year. It was estimated that even at this time that there were billions of dollars being lost each year on due to a loss of productivity. Additionally substance abuse statistics confirm that there are greater percentages of absenteeism and negative work behaviors. The statistics indicate that substances abusers will also have a greater likelihood of injury on the job or a compensation claim, while 50% to 80% of loss due to theft is directly correlated to substance abusing employees. It was at this time that the federal government, as an employer, decided to make a step towards becoming a drug-free workplace. This executive order led to the Drug-Free......

Words: 602 - Pages: 3