The potential benefits of HSR and ECRL

The recent Singapore KL High Speed Rail project is expected to impact the Asian nations on a positive note. The project Memorandum of Understanding that was recently signed has already ignited expectations for the project that has a decade to be completed (2026). The first advantage of the high-speed rail project is likely to be regarding skills transfer. Singapore does not have high-speed rail technology experience, hence; this project will pave the way for an opportunity to build expertise. It will develop manpower in the sector and set a foundation for the development of the technology. Industry experts say property and construction industry will also benefit directly. This is because a lot of new properties and residential areas will spring up from the nodes of this rail project. The project will pave a platform for foreign investors to invest in Singapore and Malaysia on high and low-income earners. This is because the high-speed train will connect the rich Singaporeans with weak and medium, earning Malaysians in a given route.

Tourism attractions and expansion is another area of benefit to Singapore. Although this is also applicable to Malaysia, it is more beneficial to many Singaporean tourist centers. Many new tourist havens will spring up along the line of the rail thereby creating more business and growth for the construction and property sector. Many people foreign nationals will now love to invest in the nodal towns in Malaysia close to Singapore for cheaper reasons and the market opportunity that is rising.

Another benefit is the multiplier effect that the project will bring. Many Businesses resident in Malaysia will now be able to come to Singapore to have their headquarters and operations while having their factories and warehouses in the nodal places in Malaysia. Other international investors will do likewise and have their businesses stationed in Singapore as well. This will increase the number of residential apartments that will be needed as well the value of these apartments.

The proposed East Coast Rail Line (ECRL) project announced by Prime Minister Najib Razak in Budget 2017 spells good news for residents in Terengganu. The 600-kilometre project from Kuala Lumpur to Tumpat, Kelantan costing RM55 billion which would cut across Terengganu is expected to impact positively on the local economic and social sectors. Dungun parliamentary development officer Din Adam told Bernama when contacted that the ECRL would serve as an alternative mode of transport for the people, whereby they could have the benefit of comfortable and shorter time travel compared to land transport. The ECRL would boost Dungun's potential towards creating more growth centres for new towns in the district. Dungun, as Terengganu's learning and higher education hub will capitalise on this opportunity to further rejuvenate the economic and tourism sectors, which will indirectly create more employment opportunities.

New growth centres will indirectly enhance property value and the socio-economy of the residents. On behalf of Dungun residents, I thank the federal government's commitment to this project for the well-being of the people in the long run. The ECRL would spur economic growth for small and medium industries especially in Kemaman and Besut.This project will benefit more than 22,514 active SMIs in the state. The vast economic impact is expected to expand with a socio-economic plan that takes into account, ECRL stations to be constructed in the areas around. This project will provide major economic benefits such as employment and opportunities for growth in the tourism and construction industries, and food and retail sectors. It will also serve as a catalyst for rapid economic development in east coast states particularly Terengganu and the surrounding areas.

1 Malaysia programmes

There are some of 1 Malaysia programs:

1 Malaysia Training Scheme (SL1M) is a program aims to enhance the employability among graduates through collaboration with Government-Linked Companies (GLCs) and private sectors which implement SL1M as  part of their Corporate Social Responsibility (CSR). In February 2017, I had joined the SL1M program as a volunteer under university activities. It was an interesting experience that I had. SL1M is a good program and very helpful for graduates those who find a job especially SPM students that don't want to continue their study. They can try to apply this SL1M.

 

 

1 Malaysia Student Discount Card (KADS1M) established by the Ministry of Domestic Trade, Cooperatives and Consumerism Ministry (Ministry) with the objective to help alleviate the expenses of students in institutions of higher learning (IPT) public and private sectors across the country. KADS1M given free to students of institutions of higher learning that meet the following criteria:

• Following a long-term study time period of 1 year and up (certificate, diploma, degree and above);

•Malaysian.

Discounts are offered by companies that are taking part is for the purchase of goods and services selected and subject to the rates, terms and conditions set by their respective companies. As a university student, I have this one Discount Card. It is very helpful for student like me.

 

1 Malaysia Clinic is a clinic project which was launched by the Prime Minister of Malaysia, Dato 'Sri Mohd Najib Tun Abdul Razak in apartment Kampung Kerinchi, Kuala Lumpur on January 7, 2010. This is one proof that the government is concerned about the low-income group. 1 Malaysia clinics operated by hospital assistants (HA). The government allowed to dispense medication for minor ailments. These include fever, cough and blood and sugar levels. However, the clinic is overseen by the Department of Health to ensure that all facilities and medical supplies are sufficient. The cases outside the field of medical assistant services or cases should be seen by a medical officer will be referred to a clinic or hospital. This 1 Malaysia clinic is a good program for citizens especially for the student same as me because the treatment are just quiet cheap and affordable for everyone.

 

  

 

BR1M was given government to Malaysians that earning less than RM4,000 and eligible to be used for buying things. There are two categories of beneficiaries, which are category of households (head of the family or the elderly) and the category of individual / single. Payments for BR1M 2016 will be distributed in four stages a year which are in January, April, June and September 2016. While the payment to the recipient individual categories / single will be made at once began January 28, 2016.

 

These are the related logo 1 Malaysia programs:

 

 

 

 

 

The Malaysia Initiatives to Increase The Economic and Income per capita

The Malaysia government has an initiatives that has been in place to increase the economic and income per capita. First, the Malaysia government initiatives is Malaysia's transformation. In 2010, the Malaysian Government launch the New Economic Model that needed to transform Malaysia into a high-income nation by 2020. As a result in 2010, the National Transformation Programme was launch to implement the New Economic Model. The National Transformation Programme comprises two components: the Economic Transformation Programme and the Government Transformation Programme. Even these two programmes are different but they work in tandem towards reaching the country’s aspirations for 2020. The initiatives under the Economic Transformation Programme are to drive the country towards high-income status by 2020. Meanwhile, the Government Transformation Programme focuses on transforming the Government to improve its delivery system and put the public’s needs first. Malaysia’s transformation also has received international endorsement, reflected in the country’s improvement in key global rankings. The global rankings serve as testimony to Malaysia’s continued strides toward achieving a high-income economy.

Next, the Malaysian government has released its eleventh economic development plan for the years 2016 to 2020. The plan sets targets and defines some economic policies that will be implemented in the coming years, with the ultimate goal to make Malaysia a high income economy by 2020. The eleventh economic plan for Malaysia identifies six “Strategic Thrusts” which the economic policies will focus to ensure Malaysia reaches its goal of becoming a high-income country by 2020. The key target for the whole plan is for Malaysia to reach the advanced economy status. The six Strategic Thrusts are enhancing to inclusiveness towards an equitable society, improving wellbeing for all, accelerating human capital development for an advanced nation, pursuing green growth for sustainability and resilience, strengthening infrastructure to support economic expansion and re-engineering economic growth for greater prosperity. The Malaysian government also identified six “Game Changers”, an innovative approaches that will change the country's economic growth and enable to reach its economic goals. The six Game Changers are unlocking the potential of productivity, uplifting the B40 households (bottom 40% household income group) towards a middle-class society, enabling industry-led Technical and Vocational Education and Training, embarking on green growth, translating innovation to wealth and investing in competitive cities.

Beside that, there are intensive government efforts to promote shopping in Malaysia. The Malaysian shopping sector has progressed from local to global since more than three decades ago. It has contributing the second biggest share of tourist expenditure after the accommodation sector in recent years. One of the early initiatives was to increase the annual nation-wide Mega Sales Carnival from once a year previously to thrice yearly to spur shopping in Malaysia. Another strategy is having more tactical campaigns instead of generic ones. Tactical campaigns to reach specific target markets, namely Indonesia, Vietnam, Brunei, Singapore, Thailand, China, Hong Kong, and Australia and New Zealand have already been initiated. The Tourism Malaysia offices in these countries have been mobilised to develop more specific shopping packages tailor-made for the specific country’s target market in collaboration with both conventional and online travel agencies, as well as airlines. Continuous collaborations with the industry players and the steadfast commitment of the government to bring the performance of Malaysia’s shopping sector to the highest possible level have brought rewards in recent years in the form of coveted international awards and accolades.

Furthermore, the Malaysia strategy helps to improve the economy among ASEAN countries. Malaysia has achieved a good reputation as a global and regional operations hub for manufacturing and services to attract investments that will accelerate the country's transition to high value-added, high-tech, knowledge-intensive and innovation-based. MIDA ecosystem approach in the development of investment played an important role in ensuring this success. After four decades to promote and coordinate industrial development, the Malaysian Industrial Development Authority received a new name and a broader scope of responsibilities in 2011. The economy, the agency was renamed the Malaysian Investment Development Authority and given a key role in leading the investment agenda to spur the national goals of the Economic Transformation Program. Malaysia broke all records of investment and employment in 2012, but the investment project quality and work really stand out. The exceptional accomplishments have been achieved as a result of the Government's new strategy to attract quality investment in targeted sectors. Strategic partnerships with development agencies supporting the national economy has MIDA in raising the profile of Malaysia as an ideal location for high value-added businesses. Indirectly, the establishment of the Malaysian Investment Development Authority has assisted in boosting the economy in the countries of the ASEAN region.

 

About Me

Holaaa 😊 This is my first blog writing. I want to share a little bit about me in my first blog. So let me introduce myself. My name is Nurul Zhorifah and people call me zhor in short. Yeayh I have an unique name. Somebody gave that name to my parents. People who heard my name for the first time will ask me what the meaning of Zhorifah. Actually Zhorifah means clever and gentle. It such a great meaning. I love my name so much. Our name is our character. Do you think so? I think so.

I am 1995 batch. So for this year, I am 22 years old and currently I taking Bachelor of Accountancy in University Putra Malaysia (UPM) Serdang. Before this I took my Diploma in Accountancy at Politeknik Tuanku Sultanah Bahiyah (PTSB) Kulim. Why I took an accountancy course? First, it is because I love calculation. My favourite subject is Mathematics since I was in my primary school. I would score in that subject. Then because of I love calculation so much, I took an accounting class when I was in secondary school. After that it make me fallen in love with an accounting.  That is the reason why I further my study in accountancy until now.

My biggest ambition is I want to be a professional accountant in future. I want to make my parents proud of me. I am the first daughter and the eldest sister. I have 4 youngest sisters and only 1 youngest brother. As the eldest, I want to be a role play for my siblings. Furthermore, my parents are my inspiration. I want to be a successful person like them. I will try my best to be a succeed. Last but not least, I really hope that one day I will be a successful accountant like others. That's all about me. Thank you spend your time for reading my writing 😚