MALAYSIA STUDY TOUR

The Economy of Malaysia is a growing and relatively open state-oriented and newly industrialized market economy. Analyze the current Malaysian business environment and supplement it with latest statistics. Also study & analyze the various industry sectors booming today & sectors which needs to be improved. The Economy of Malaysia is a growing and relatively open state-oriented and newly industrialized market economy. The state plays a significant but declining role in guiding economic activity through macroeconomic plans. In 2007, the economy of Malaysia was the 3rd largest economy in South East Asia and 29th largest economy in the world by purchasing power parity with gross domestic product for 2008 of $222 billion with a growth rate of 5% to 7% since 2007[5] In 2009, GDP per capita (PPP) of Malaysia stands at US$14,900. In 2009, the nominal GDP was US$383.6 billion, and the nominal per capital GDP was US$8,100. The Southeast Asian nation experienced an economic boom and underwent rapid development during the late 20th century and has a GDP per capita of $14,800, being considered a newly industrialized country. On the income distribution, there are 5.8 million households in 2007. Of that, 8.6% have an monthly income below RM1,000, 29.4% had between RM1,000 and RM2,000, while 19.8% earned between RM2,001 and RM3,000; 12.9% of the households earned between RM3,001 and RM4,000 and 8.6% between RM4,001 and RM5,000. Finally, around 15.8% of the households have an income of between RM5,001 and RM10,000 and 4.9% have an income of RM10,000 and above. Malaysia is a relatively open, state-oriented, and newly industrialized market economy, with the state playing a significant but declining role in guiding economic activity through macroeconomic plans. It has had one of the best economic records in Asia, with GDP growing an average 6.5% from 1957 to 2005. In2007, the economy of Malaysia was the 3rd largest economy in Southeast Asia and the 29th largest economy in the world by purchasing power parity. Notwithstanding, the 2010 Prices and Wages report by Swiss bank, UBS AG, show that residents in Kuala Lumpur have only:
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33.8% of the purchasing power of those in New York; 42.0% of that of London; 33.7% of that of Sydney; 32.6% of that of Los Angeles; and 31.6% of that of Zurich.

Sectors of Malaysia Economy Malaysian Industries Mining Industry: Malaysian Economy The mining industries of Malaysia had contributed a lot towards its economy through the export of mine products. Three most important among this are oil, gas and tin. The mining for tin had started long before itself. It had been established during the colonial period. Till 1980 Malaysia was considered as the worlds largest producer of tin. The location of the mines in the peninsular Malaysia was an advantage as it madetransportation through the sea easier. The production of crude oil and natural gas has also increased to a higher rate during the last few years. It was estimated that in 1999, the total production of petroleum has reached up to 693,000 barrels. In 1999 the total production of liquefied natural gas was estimated as 3.8 billion cubic feet. In Malaysia there are five major oil refineries. Manufacturing Industry : Malaysian Economy There are wide varieties of form of well developed manufacturing industries in the major part of Malaysian Malaysia. The

These manufacturingindustries major manufacturing industries

economy.

Malaysia

arefurniture manufacturing industries,

electronics manufacturing industries, Food processing industries etc. it was estimated that about 48.1 % of the Malaysias GDP is contributed by its industrial sector. In terms ofmanufacturing, Malaysia is ranked in the 23rd position among the world countries. Malaysian Services

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Malaysian Tourism: Malaysian Economy Malaysia is one of the hot tourist spot of the world. The most important tourism locations of Malaysia are Kuala Lumpur, Sabah, Perlis, Malacca, Terengganu etc. the Malaysia also contains many gardens, parks, museums, religious places etc. Banking and Finance: The banking and finance sector of Malaysia is under the control of Bank Negara Malaysia. After the financial crisis in 1990s, a financial Sector Master Plan was introduced in 2001 which gave more importance toIslamic banking. The May Bank is the largest bank in Asia Pacific which practices Islamic Banking. The Malaysian government has decided in 2009 to give licensure to more sectors by the end of 2010 to increase the opportunities of Islamic Banking and Takaful in Malaysia Malaysia Trade In Malaysian economy both the import and export of commodities are of great importance. In 2008, the total export was of $ 198.7 billion and the total import constituted about 154.7 billion. But the global financial crisis had adversely affected the trade system of Malaysia and in 2009, the export rate was declined to $156.4 billion and the import was declined to 119.5 billion. The major commodities exported from Malaysia are rubber, palm oil, petroleum, textiles, liquefied natural gas, wood, wood products, chemicalsetc. The most important commodities imported to the country are machinery, electronics, automobiles, plastics, chemicals etc. Job Scenario of Malaysia The population size of Malaysia at present is estimated as about 28 millions. The rate of unemployment in Malaysia is only 0.4 % which is comparatively lower than other countries. This is favored by the flourishing economy of Malaysia along with its rich deposit of natural resources. Education sector: one of the major announcements related to education made in the federal budget 2012 tabled by Prime Minister Datuk Seri Najib Tun Razak in parliament in October this year are:RM50.2bil will be allocated to the education sector so that it can continue to develop
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talented, creative and innovative people RM1bil will be provided through a special fund for the construction, improvement and maintenance of schools they will abolish payments for primary and secondary education, making these free for the first time in our history Private schools registered with the Education Ministry will be given incentives including an Investment Tax Allowance The Govt will give tax exemption for contributions to educational institutions and all places of worship. To encourage private sector human capital development incentives including a double deduction on scholarships will be offered

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Give a detailed overview of the industry visited. Analyze the organization structure, management style, the integrated international marketing strategy used by the company. Critically analyze and reflect upon your individual contribution in the team objectives. The Asia Pacific University College of Technology & Innovation (UCTI) stands tall among Malaysias premier Institutions of Higher Learning - this is a University where a unique fusion of technology, innovation and creativity works effectively towards preparing graduates for significant roles in business and society globally.

Originally established as the Asia Pacific Institute of Information Technology (APIIT) in 1993 and funded by the SAPURA Group, UCTIs sound approach to nurturing school leavers into qualified professionals has resulted in our graduates being highly sought after by employers. With an international student community from more than 90 countries studying in its Malaysian campus, UCTI offers a truly cosmopolitan learning environment which prepares students well for the global challenges which lie ahead. UCTI now has over 9000 students with over 6000 international students from over 93 countries. UCTI offers a wide range of degrees with Technology as a common core. It is UCTIs aim to nurture and encourage innovation through our programmers of study, with the intention of producing

individuals who will learn, adapt and think differently in new and better ways. UCTIs achievements in winning a host of prestigious awards at national and regional levels over the years bear testimony to our commitment to excellence in higher education and training, as well as innovative research and development and commercialization. UCTI (through APIIT) is Malaysias first Institution to achieve Multimedia Super Corridor (MSC) Company Status, as well as the only Institution to have won the prestigious MSC Asia Pacific ICT Awards every year since the inception of the awards in 1999.

Through our network of APIIT branch campuses established in Sri Lanka, India and Pakistan, UCTI also reaches out to young aspiring professionals in these countries, providing them with a unique opportunity of experiencing international best practices in higher education using curricula, processes, resources and systems which have been developed in Malaysia.

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UCTIs academic programs are all approved by the Ministry of Higher Education of Malaysia and the qualifications are accredited by the Malaysian Qualifications Agency (MQA). The University has produced more than 16,000 highly skilled technology professionals in Malaysia and the Asia Pacific region, and has earned a reputation for excellence in education and research and development. APIIT & UCTI had continuously wins awards for excellence in education, research and development and for the achievements of our students. In offering a range of degrees in a multitude of areas, we understand technology as the practical application of science to solve problems, to make our lives better, easier and more enjoyable. Together with the Asia Pacific Institute of Information Technology (APIIT), we nurture and encourage innovation through our programs of study, with the intention of producing individuals who will learn, adopt and think differently in new and better ways. But more importantly, we produce highly employable graduates who have the skills to build exciting and rewarding careers. Discover UCTI, where technology and innovation come together to prepare tomorrow's workers and citizens of the world. With more than a decade of excellence in professional higher education and training coupled with a strong track record in R&D, they are one of the region's top educational institutions offering:

Very good graduate employment prospects Industry-aligned research and development opportunities Practice of professionalism Innovative teaching and learning experiences

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Partnerships: The cornerstone of our success is the value we place on our strong relationships with partner universities and leading industry players. Our strategic and corporate partnerships support the university's involvement in industry and commercial growth which in return improves the quality of research and education we provide to our students. Their students qualifications are recognized from leading universities in the UK and Australia. This gives them connections to develop alliances, opportunities and relationships, particularly in their final year, with supporting universities. The university placement provide assistance to students who wish to transfer into the second year or final year degree programmes with collaborating universities in the UK, Australia, New Zealand and Europe.

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Give a detailed SWOT analysis of Industry visited. Conclude with recommendations & limitations if any.
Strength:
affordable location in state capital small size full-time faculty teach most classes, and there is a strong bond and a high level of interaction between faculty and students expertise in teaching non-traditional students

Weakness:
inadequate resources for recruitment, retention, advising, and marketing all the things needed to recruit and retain students lack of infrastructure including physical, financial, and human resources; inadequate capital funds to support all that we want to do

Opportunities:
continuing education for intellectual enrichment and for people of all ages online opportunities worldwide downtown presence for classes and a residential center for graduate students/interns opportunity to build an undergraduate experience using the best practices from throughout the country

Threats:
risk of losing prominent faculty and staff for genuinely better opportunities at other

universities or locally

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REFRENCES:
http://www.ucti.edu.my/partnerships.htm http://www.ucti.edu.my/about.htm http://www.ucti.edu.my/introduction.htm http://www.ucti.edu.my/quickpreview.htm Information provided by students and student ambassador of UCTI.

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