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New Economic Model
The New Economic Model (NEM) 2011-2020 was an economic plan in Malaysia unveiled on 30 March 2010 by Malaysian Prime Minister Najib Razak which was intended to more than double the per capita income in Malaysia by 2020. The programme aimed to shift affirmative action from being ethnically based to being need-based hence becoming more competitive, market and investor-friendly. The plan The goal of the NEM, according to Najib, is to "transform the Malaysian economy to become one with high incomes and quality growth" by 2020. At the time of the plan's unveiling in 2010, per capita annual income in Malaysia stood at 23,100 Malaysian ringgit, approximately $7,000 in US currency; the plan's stated goal is to reach RM49,500 (US$15,000). The keys to the plan as described by Najib at 30 March unveiling are "high income, sustainability and inclusiveness". The goal is to stimulate economic growth by improving worker productivity across all sectors of society, in part through an improve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Chinese Association
The Malaysian Chinese Association (MCA; zh, 马来西亚华人公会; ; ta, மலேசிய சீனர் சங்கம், initially known as the Malayan Chinese Association) is a uni-racial List of political parties in Malaysia, political party in Malaysia that seeks to represent the Malaysian Chinese ethnicity; it was one of the three original major component parties of the coalition party in Malaysia called the Alliance Party (Malaysia), Alliance Party, which later became a broader coalition called Barisan Nasional in Malay, or National Front in English. Along with the largest and third largest component party in BN, i.e. United Malays National Organisation and Malaysian Indian Congress, MCA has a significant influence over the political arena in Malaysia since its independence. Through its holding of companies such as Huaren Holdings, MCA controls The Star (Malaysia), ''The Star'', which is Malaysia's best-selling English newspaper. The party was once the largest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racial And Religious Quotas In Malaysia
A race is a categorization of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society. The term came into common usage during the 1500s, when it was used to refer to groups of various kinds, including those characterized by close kinship relations. By the 17th century, the term began to refer to physical (phenotypical) traits, and then later to national affiliations. Modern science regards race as a social construct, an identity which is assigned based on rules made by society. While partly based on physical similarities within groups, race does not have an inherent physical or biological meaning. The concept of race is foundational to racism, the belief that humans can be divided based on the superiority of one race over another. Social conceptions and groupings of races have varied over time, often involving folk taxonomies that define essential types of individuals based on perceived traits. Today, scientists con ... [...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. 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. Early and colonial history The Malay Peninsula and has been a centre for trade for centuries. Various items such as porcelain and spice were actively traded even before Malacca and Sing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buku Jingga
Buku Jingga, a Malay phrase literally translated as Orange Book, was a political manifesto of the Malaysian political coalition Pakatan Rakyat, which was made up of three major component parties: Pan-Malaysian Islamic Party (PAS), People's Justice Party (PKR) and Democratic Action Party (DAP). ''Buku Jingga'' was agreed by the parties during the Second Pakatan Rakyat Convention in Penang on 19 December 2010. It acted as an alternative to Barisan Nasional's policies such as the Economic Transformation Programme, New Economic Model (NEM) and the Government Transformation Programme (GTP) ''Buku Jingga'' outlined a stand on various issues, including a 100-day reform plan. This included increases in teachers' incentives, abolishment of the highway toll system and the Internal Security Act (ISA), and the increase of royalties paid by the government to oil-producing states in Malaysia. Goals and Objectives * A transparent and true democracy to demonstrate and accredit the supremacy of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Development Policy
The National Development Policy was a Malaysian economic policy introduced by Prime Minister Mahathir Mohamad. The objective was achieving economic growth, while ensuring that accrued benefits reached all sections of society. The National Development Policy replaced the New Economic Policy (NEP) in 1990 but continued to pursue most NEP policies of affirmative action for bumiputera. The Malay share of the economy, though substantially larger, was not near the 30% target according to government figures. In its review of the NEP, the government found that although income inequality had been reduced, some important targets related to overall Malay corporate ownership had not been met. This policy was adopted in 1991 for a period of 10 years and it was succeeded by the National Vision Policy National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Pua
Tony Pua Kiam Wee (; born 1 August 1972) is a Malaysian politician who served as the Member of Parliament (MP) for Damansara from May 2018 to November 2022, for Petaling Jaya Utara from March 2008 to May 2018 and Political Secretary to the Minister of Finance from May 2018 to February 2020. He is a member of the Democratic Action Party (DAP), a component party of presently the Pakatan Harapan (PH) and formerly Pakatan Rakyat (PR) coalitions. He has also served as Policy Advisor to the Secretary-General of DAP since May 2022. Pua is the former Malaysian CEO of Cyber Village Sdn Bhd, a SESDAQ ( SGX second board)-listed company. In early 2007, he disposed of all his interests in the company and tendered his resignation to join the DAP in 2008. Pua graduated from Keble College, Oxford with a degree in Philosophy, Politics and Economics under a scholarship from the MTC Foundation in 1994. Before that, he received Asean and Shaw Foundation scholarships to pursue his O- and A- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Action Party
The Democratic Action Party ( abbreviation: DAP; ms, Parti Tindakan Demokratik; ; ta, ஜனநாயக செயல் கட்சி) is a centre-left social democratic political party in Malaysia. As one of four component parties of the Pakatan Harapan (PH) coalition, it formed the federal government after defeating Barisan Nasional in the 2018 Malaysian general election, ending the party's 53 year-long stay in the opposition. However, before the coalition finished its first term, defections from partnering parties caused it to lose power after 22 months, culminating in the 2020 Malaysian political crisis. At the 2022 Malaysian general election, the PH coalition which the DAP was part of was returned to power again, albeit with a smaller majority leading it to form a unity government with political rivals. The DAP was founded in 1965 by Malaya–based members of the Singaporean People's Action Party (PAP) Chen Man Hin and Devan Nair. The DAP had splintered from the P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khazanah Nasional
Khazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia, entrusted with growing the nation's long-term wealth via distinct commercial and strategic objectives. Khazanah's commercial objective is to grow financial assets and diversify revenue sources for the nation, while its strategic objective is to hold strategic assets that bring long-term economic benefits. Khazanah is guided by its investment philosophy which emphasises attaining appropriate risk-adjusted financial returns, generating sustainable returns, and integrating ethical and responsible investing considerations. Khazanah is a member of the International Forum of Sovereign Wealth Funds, which maintains and promotes the Santiago Principles on best practices in managing sovereign wealth funds. It is also a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), signatory of the Malaysian Code for Institutional Investors and a member of the Institu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Article 153 Of The Constitution Of Malaysia
Article often refers to: * Article (grammar), a grammatical element used to indicate definiteness or indefiniteness * Article (publishing), a piece of nonfictional prose that is an independent part of a publication Article may also refer to: Government and law * Article (European Union), articles of treaties of the European Union * Articles of association, the regulations governing a company, used in India, the UK and other countries * Articles of clerkship, the contract accepted to become an articled clerk * Articles of Confederation, the predecessor to the current United States Constitution *Article of Impeachment, a formal document and charge used for impeachment in the United States * Articles of incorporation, for corporations, U.S. equivalent of articles of association * Articles of organization, for limited liability organizations, a U.S. equivalent of articles of association Other uses * Article, an HTML element, delimited by the tags and * Article of clothing, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perkasa
Pertubuhan Pribumi Perkasa ( Malay for "Mighty Native Organisation" or better known by its acronym: Perkasa), is a Malay dominance non-governmental organisation (NGO) that was formed by Ibrahim Ali in the aftermath of the 2008 general election (GE12). This conservative, extreme-right, ethnic Malay organisation is led by its president Ibrahim Ali to influence the unity of Malaysian by refusing to accept any decoration of other ethnic group except Malay decoration. The group is reported to have a membership of 700,000. The major objectives for establishing Perkasa, according to Ibrahim Ali, are to act as "protectors of Article 153 of the Constitution of Malaysia" and to defend the rights of Bumiputera from being eroded by certain quarters. Perkasa is said to be fighting and defending the rights of the Malays which they feel are being challenged by non-Malays in Malaysia. Perkasa has recently become infamous for its racial and religious provocations against non-Malays, espe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barisan Nasional
The National Front ( ms, Barisan Nasional; abbrev: BN) is a political coalition of Malaysia that was founded in 1973 as a coalition of centre-right and right-wing political parties. It is also the third largest political coalition with 30 seats in the Dewan Rakyat after coalition Pakatan Harapan with 82 seats and the coalition Perikatan Nasional with 73 seats. 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, but since 2008 has faced stronger challenges from opposition parties, notably the Pakatan Rakyat and later the Pakatan Harapan (PH) alliances. Taken together with its predecessor (Alliance), it had a combined period of rule from 1957 to 2018, and was considered the longest ruling coalition party in the democratic world. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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