ADS504

MALAYSIAN ECONOMY
AM228 5B

CASE ANALYSIS DISCUSSION

(TUTORIAL/DISCUSSION/WORK)
CHAPTER 9: CURRENT ISSUES AND
DEVELOPMENT

NAME STUDENT ID
AZZATUL NATASHA BINTI AHMAD 2020455542
DAYANGKU AFIFI SHAHIRA BINTI AWANG ZAINI 2019217636
HALIMATUL SAFIAH BINTI BAHA 2020455494
MUHAIMIN BIN ABDUL HAKIM 2020837412
SITI SARAH ZALIKHA BINTI UMAR BAKI 2020621088
DATE OF SUBMISSION : 04 JANUARY 2022
 CONTENTS

2.0 IDENTIFY WITH EXAMPLES

ANY 4 CURRENT ISSUES ON 4.0 REFERENCES
MALAYSIA ECONOMY

1.0 3.0
INTRODUCTION CONCLUSION
 CURRENT ISSUES
2.1 RISK TO EXPORT GROWTH DUE TO LABOUR ABUSE
AND  Foreign workers in Malaysia have made many contribution in Malaysia’s economy such as
in manufacturing and agriculture (Reuters, 2021).
DEVELOPMENT  The number of foreign workers in Malaysia has increased and they made complaints of
abusive working and their conditions of living for workers (Reuters, 2021).
 Experts warned that if this happens continuously, the country might face the risk of export
growth model.
 Example: U.S import banned seven Malaysian companies including glove maker and palm
oil producer due to allegations of labour forced (Reuters, 2021).

Reference:
1.0 INTRODUCTION
Reuters. (December 21, 2021). ANALYSIS - Malaysia's labour abuse allegations a risk to
export growth model. Astro Awani.
Malaysia’s economy has faced many challenges a year
https://www.astroawani.com/berita-malaysia/analysis-malaysias-labour-abuse-allegations-risk-
ago since the pandemic of COVID-19 occurred in the export-growth-model-337624
beginning of 2020 until now. With Movement Control
Order (MCO) that were implemented, many economic
sectors were affected including small businesses. Thus,
2.0 IDENTIFY WITH
when all economic sectors are open, the country is now
in economic recovery phase.
EXAMPLES ANY 4 2.2 OIL DEMAND KEEP UNCERTAIN DUE TO COVID-19 VARIANTS.
 Due to many variants of COVID-19 virus, the recovery of oil demand remain frail
and unpredictable.
CURRENT ISSUES ON  Petronas needs to be more cautious on economic recovery and needed to be ready
for oil price that volatile (Teng, 2021).
MALAYSIA ECONOMY  Example: In November 2021, oil prices deteriorated due to new COVID-19
variant which is Omicron (Teng, 2021).

Reference:
Teng, L.H. (December 28, 2021) Malaysia's Petronas says COVID-19 variants to keep
oil demand uncertain. Reuters.
https://www.reuters.com/markets/commodities/malaysias-petronas-sees-oil-de
3.0 CONCLUSION mand-fragile-uncertain-2021-12-28/

To conclude, Malaysia’s economy have been affected

by many issues which COVID-19 pandemic is the
major cause. Now, the government is trying to recover
the country’s economy and it is supported by the
member of United States-Asean Business Council
(USABC) (The Star, 2021). Hence, this council is
ready to assist the country’s effort in recovering the
economy.
Reference:
The Star. (December 28, 2021). US-Asean Council
ready to assist Malaysia’s economic recovery.
https://www.thestar.com.my/business/business-news/2
021/12/28/us-asean-council-ready-to-assist-malaysias-
economic-recovery
2.4 RISING PRICES OF GOODS
 Prices of goods especially foods are rising due to increase of prices of global
fertilizer (Malaysia Kini, 2021).
 Example: Prices of fertilizer have increased to the top level since the global
economic crisis in 2008 (Malaysia Kini, 2021).
 Other factors of rising prices of goods: Monsoon season, lack of foreign workers
since pandemic of COVID-19, etc (Malaysia Kini, 2021).
Reference:
Malaysia Kini. (December 1, 2021) Why are prices of goods rising?.
https://www.malaysiakini.com/newsletter/601290
2.3 ECONOMIC RECOVERY HAD TENDENCY TO DERAIL DUE TO
FLOOD.
 Malaysia’s economic recovery has been impacted due to massive floods that
currently occurred in Peninsular Malaysia (Jalil,2021).
 This massive flood is expected to be ended until mid January (Jalil,2021).
 Example: Prod. Emeritus Dr. Barjoyai Bardai stated that, in December, economic
figures will change due to massive flood (Jalil,2021).
Reference:
Jalil. A. (December 27, 2021). Flood, not Omicron, likely to derail economic
recovery. The Malaysian Reserve.
https://themalaysianreserve.com/2021/12/27/flood-not-omicron-likely-to-der
ail-economic-recovery/
 4.0 REFERENCES
Jalil. A. (December 27, 2021). Flood, not Omicron, likely to derail economic recovery. The
Malaysian Reserve.
https://themalaysianreserve.com/2021/12/27/flood-not-omicron-likely-to-derail-economic-recovery/
Malaysia Kini. (December 1, 2021) Why are prices of goods rising?.
https://www.malaysiakini.com/newsletter/601290
Reuters. (December 21, 2021). ANALYSIS - Malaysia's labour abuse allegations a risk to
export growth model. Astro Awani.
https://www.astroawani.com/berita-malaysia/analysis-malaysias-labour-abuse-allegations-risk-export-gr
owth-model-337624
Teng, L.H. (December 28, 2021) Malaysia's Petronas says COVID-19 variants to keep oil
demand uncertain. Reuters.
https://www.reuters.com/markets/commodities/malaysias-petronas-sees-oil-demand-fragile-uncertain-20
21-12-28/
The Star. (December 28, 2021). US-Asean Council ready to assist Malaysia’s economic
recovery.
https://www.thestar.com.my/business/business-news/2021/12/28/us-asean-council-ready-to-assist-malay
sias-economic-recovery