Post on 21-Aug-2015
MALAY JEAN INC.
Chloe Gohr
Lacey Heatherly
Bianca Kohandani
Ashley McCright
Victor Ramirez
Carly Seitz
ABOUT MALAYSIA
Located 9374.86 miles across the Pacific Ocean from the United States
Malaysia’s current population is over 28,700,00
The official religion is Islam
Life expectancy at birth is 73, with the median age of 26 years old as of
2011
Official language spoken is Bahasa Malaysia, and the secondary
languages spoken are English and Chinese.
Malaysia is newly industrialized, which puts the nation in between
developing and developed status.
POLITICAL ENVIRONMENT
Constitutional monarchy consisting of a Parliament
with two houses headed by a prime minister, sultans,
and a king who acts as chief of state.
Legislative power is divided between:• Federal and State legislature:
• A lower house, the House of Representatives, and the upper house, the Senate.
CULTURAL ENVIRONMENT
Malaysia is a multi–ethnic, multicultural, and multilingual
society.• Separate cultural identities.
Art and music
1917 National Culture Policy • Policy made it so that only Malay texts are considered
official cultural documents.
Strong government control
Family is important
ECONOMIC ENVIORNMENT
One of the best economic records in Asia• 2010, the GDP was $414,400 billion• 29th largest economy in the world• Government has pushed to increase tourism• Negative Effects?
Exports• oil and gas, rubber and tin, palm oil, crude petroleum and
petroleum products, electronics, textiles, and timber.
One of the highest standards of living in Southeast Asia
Major trading partners:• the United States, Singapore, Japan, and China.
LEGAL ENVIRONMENT
Law based on other jurisdictions• Federal and State laws• Written and Unwritten laws
Criminal Procedure Code and Contracts Act
Malaysian land law is based on the Australian Torrens system.
The Federal Constitution provides the supreme law of the land.• Laws, legislation, courts, and other administrative aspects of the
law• Defines the government and monarch, and their powers, as well as
the rights of the citizens
TRADE ENVIRONMENT
Malaysia growth through international trade.• Stabilizing trade policy with other countries to create a more liberal and fair
global trade environment• Trade arrangements such as free trade agreements
• Create quicker and higher levels of liberalization for effective market access between the participating countries.
• Topic Malaysia needs to address:• Tariffs and non-tariff measures• Taxes• Facilitation and promotion amongst trade, economic expansion, and financing• Try to increase their efforts of becoming a more developed country with the help
of enhancing the competiveness
• The four bilateral federal trade agreements that Malaysia has are with Japan, Pakistan, New Zealand, and Chile.
TEXTILE AND APPAREL INDUSTRY
Began primarily in the 1970s
Known for producing and exporting high end products
Malaysian-produced goods include fibers• man-made and natural-fiber yarns• woven cotton and man-made-fiber fabrics• knitted and crocheted fabrics• tulles, lace, ribbons, trimmings, and embroidery• special yarns, textile fabrics, and related products
Malaysia behind China, India, and Vietnam when it comes to cheap labor• Still ideal location for U.S., as well as other foreign, companies looking for a highly skilled, educated
workforce and a government supportive of foreign investment.
The United States stands as the top export destination for Malaysian goods.
In 2008, the production index of the textiles segment increased by 8.6% to 102.8 from 94.7 in 2007
While the production of the apparel segment decreased by 9.5% to 102.5 from 113.3• decline in man-made fiber spinning and the weaving of textiles• decline due to United States’ economic recession