Read the summary and the most important questions on Malaysian Economy

• 6 Topic 6

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• types of government expenditure

  devleopment + operational

• direct tax revenue

  • income tax
  • stamp duty
  • petroleum income tax
  • inheritance tax
  • excess profit tax

• indirect tax revenue

  • import/export duty 
    
  • sales tax
  • service tax
  • gambling tax

• domestic government debt

  • short term loan, obtained from public and financial institutions in the country
    
  • treasury bills, government securities, investment issues, housing loan 

• 7 Topic 7

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• types of public enterprises

  • government departments
  • public corporations
  • government company

• 8 Topic 8

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• types of environmental sources

  • non-renewable (sources available on earth in limited quantity)
  • renewable (consumption by one person would not reduce magnitude of the flow to others)

• types of natural resources

  > land, needed for agricultural, industrial, residential and municipal projects
  > tin ore required as the main input for ship construction 

• national policy on environment

  Objectives:
  ·To achieve clean, safe, healthy and productive environment for present and future generations
  ·To conserve natural resources and unique, cultural heritage
  ·To promote lifestyle, consumption and production which is in line with the principles of sustainable development
   

• effects of environmental policies and programs

  • water quality condition deteriorates
    
  • lead concentration of air pollution decreased
  • take into account the ecological balance

• 9 Topic 9

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• objectives in negotiating FTAs are to:

  • ·      seek better market access by addressing tariffs and non-tariff measures;
    
  • ·      further facilitate and promote trade, investment and economic development;
    
  • ·      enhance the competitiveness of Malaysian exporters; and
    
  • ·      build capacity in specific targeted areas through technical cooperation and collaboration