Some of the most valuable shipping routes in the world are in the South China Sea, which is 1.4 million square miles in size. Developing conflicts in the South China Sea are having a significant impact on small businesses. Their location, industry, and reliance on the geographical region for business all influence how much of an effect they have. Around 80% of global trade is carried by sea, and estimates of the volume carried through the South China Sea range from 20% to 33%.
globalEDGE Blog - By Tag: malaysia
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Retirement savings are crucial for individuals who want to live a comfortable life during their golden years. However, not all Americans have equal opportunities to save for retirement, and there is a significant racial retirement savings gap that affects many communities of color. In this blog, we will explore the causes and consequences of the racial retirement savings gap and discuss a possible solution with state IRA programs.
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Food, everyone eats it. It is a nutritious substance that helps maintain life and growth. What started as hunting in gathering turned into strolling through a grocery store, and paying a price for food. This year, world food prices have risen for the third month in a row according to the United Nations Food Agency. The price for food is at an all time high and is continuously rising.
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Have you ever gotten into an Uber or a Lyft and expected either a good or bad experience? This is because it is a gig economy company. This past week, Uber, Lyft, and DoorDash have almost guaranteed approval on Proposition 22, which will change the way that these companies expand and treat their workers.
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The COVID-19 pandemic has shown us that the world around us can change before our eyes. In mid-March, people retreated to their homes, economies crawled to a halt, industries took massive hits, and countries rushed to develop policies to combat the spread of a virus many of us had never even heard of. Now, in early September, many of us have settled into remote work, pushed off our travel plans, and adapted to practices like mask-wearing to adjust to living in the midst of a pandemic. But what about the economy? Let’s look at the recovery and state of the economies of a few countries around the world.
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The United States Justice Department has concluded that the Malaysian prime minister is linked to the billions of dollars embezzled from the 1MDB. This news comes a year after investigative journalists first uncovered the possible connection.
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This past year was considered a significant year for the global airline industry. The disappearance of AirAsia Flight 8501 and the explosion of the Malaysia Airlines Boeing 777 in the Ukraine war zone have raised questions about the safety of Asia’s low-cost airliners. Meanwhile, as oil prices drop, the cost of operating airlines will definitely decrease, but it may or may not help the global airline industry.
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With recent disasters such as the March disappearance of flight MH370 and the July crash of flight MH17, the world is eager to see how Malaysia Airlines will recover. As an inevitable result of the disasters, the company has lost a substantial number of customers and money. Nonetheless, the airline as a whole had been losing money long before these disasters struck. Between 2011 and 2013, Malaysia Airlines lost 4.13 ringgit, the equivalent of $1.31 billion. With a fourth consecutive quarter loss predicted, Prime Minister Najib Razak is calling for major changes to take place within the company.
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There are about 30 million overseas Chinese in total, and most reside in neighboring Asian countries. Indonesia and Thailand have the biggest numbers, with about 7-9 million each, while Singapore has the highest concentration of around 3 million, or 75% of its population. One such country that is reaping the benefits of immigration is Malaysia, but is Malaysia returning the favor?
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With the goal of becoming a developed nation by 2020, Malaysia has some work ahead but recent predictions by Malaysia’s central bank show that this developing country is definitely on the right track. A predicted economic growth rate between five and six percent puts Malaysia in a much better position than other South East Asia economies in today’s global climate. Over the last decade Malaysia has faced tough competition in exports and production from low wage countries such as China. Now, Malaysia is looking forward to a knowledge-based economy lush with opportunities and potential.
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The rainforest of Borneo in the growing country of Malaysia is said to be the oldest rainforest on the planet, 70 million years older than the Amazon. Hundreds of species of plants and animals inhabit the forest of Borneo with many new species still being discovered each year. Borneo, with its dense forest and uncountable number of unique species, is one of the world’s greatest natural treasures. Malaysia, determined to develop its growing economy, has difficult choices to make about how to ensure the safety of its natural resources.