Egypt is a transcontinental country and considered to be a major power in North Africa, Mediterranean Region, and African continent, Nile Basin, Islamic World and the Red Sea. Egypt is also one of the most heavily populated countries in Africa and the Middle East. People from other countries choose Egypt as their place to travel. The causes that lead to high tourist numbers in economic sector in this country are booming market for foreign investment, investment growth, and Egypt economy and low cost of living.
One of the causes that affect the high tourist number in Egypt is booming market for foreign investment. People from other countries can purchase while infrastructures in Egypt are readily in place and prices of them are low. The imminent introduction of advance facilities to foreigners in Egypt formed an increase in properties and the price rise at an even greater rate. The property investment is expected to increase not only on the seaside tourist resorts, but also in city such as Cairo, where a huge lack of accommodation continues to be a problem waiting to be addressed. Therefore, many tourists come to Egypt for travelling while investing in Egypt economic which gives more returns to them.
Egypt can reach high number of tourists because of it investment growth. Due to encouraging economic trends, the property market in Egypt is becoming more popular as a location amongst worldwide purchasers. Thus, the property investment in Egypt has managed to increase tourism industry. As examples, Egypt’s government open newly modernized Cairo international airport in early 2007 as to bring a new entry of visitors to complement Egypt’s new look 21st century tourist industry. Besides that, Egypt attracts more tourists by simple purchase system with lower taxes than other countries and no capital gains and no inheritance tax.
Other than that, through economy in Egypt and low cost of living in the country, the number of tourists increases from year to year. Egypt economy is undergoing a steady growth and private business has increased to represent some 80% of the economy today. Through this action, it has created more opportunity for employment and domestic wealth growth as it shows enormous potential over the long term. Furthermore, the cost of living in Egypt is far lower than in other countries. As a result, tourists only have to spend lower of their money on living or staying in Egypt.
In conclusion, booming market for foreign investment, Egypt investment growth, and Egypt economy and low cost of living can causes the high number of tourists there. The government of Egypt should build more five stars hotel which low cost and reduce more tax government. Thus, tourists from other countries will be more interested in this country.
by ; nurul wahida binti mohamad ramzi (104136)
Monday, August 16, 2010
The causes of family financial problems and the effects on them
Financial problem can be defined as the difficulty in paying off debts. Most of the family nowadays may face financial problems because of the low income level and overused of their credit card or gone into too much debt.
There are many causes of financial problem. The most noticeable factor is that most of the family members do not have any financial education and do not know how to manage their finance. They making decisions simply without thinking further and let other people manage their finance for them. Choosing the wrong kind of financial advisor is also one of the main reasons why family nowadays involve in financial crisis. Some people are tempted to let the wrong kind of people to manage their finance situation. It is important to find a person that have good communication, and understands your needs. The best thing to do is to look for a person that works in a financial office and makes his money by advising and managing personal financial accounts, someone that has been around for long and that will have the experience to guide the family through the process.
Financial problem definitely does give bad impact towards the whole family. It can cause strife and problem with spouse and other family member. Children especially will be neglected by their parents and this automatically will effect their education. They cannot concentrate in their study and cannot give attention during the learning process. The parents also will suffer the bad effects such that they will not give full commitment in their work and this will decrease their performance of job. Furthermore, someone easily can be stressful and this leads to depression. Once the person faces these situations, he or she cannot think wisely and take simple way to solve such problem by committing suicide.
In a nutshell, there are many ways to handle financial problem. It is best if ones can admit to their creditors that they have financial problem and try to work out a solution with them until they can rectify their family financial situation. The family should try to avoid financial problem by having good financial planning.
BY: NORIZZATI BINTI MOHD HANAFI(103141)
There are many causes of financial problem. The most noticeable factor is that most of the family members do not have any financial education and do not know how to manage their finance. They making decisions simply without thinking further and let other people manage their finance for them. Choosing the wrong kind of financial advisor is also one of the main reasons why family nowadays involve in financial crisis. Some people are tempted to let the wrong kind of people to manage their finance situation. It is important to find a person that have good communication, and understands your needs. The best thing to do is to look for a person that works in a financial office and makes his money by advising and managing personal financial accounts, someone that has been around for long and that will have the experience to guide the family through the process.
Financial problem definitely does give bad impact towards the whole family. It can cause strife and problem with spouse and other family member. Children especially will be neglected by their parents and this automatically will effect their education. They cannot concentrate in their study and cannot give attention during the learning process. The parents also will suffer the bad effects such that they will not give full commitment in their work and this will decrease their performance of job. Furthermore, someone easily can be stressful and this leads to depression. Once the person faces these situations, he or she cannot think wisely and take simple way to solve such problem by committing suicide.
In a nutshell, there are many ways to handle financial problem. It is best if ones can admit to their creditors that they have financial problem and try to work out a solution with them until they can rectify their family financial situation. The family should try to avoid financial problem by having good financial planning.
BY: NORIZZATI BINTI MOHD HANAFI(103141)
The Causes of Corruption and Its Effects to the Company
Corruption implies some form of illicit and criminal behavior for personal enrichment such as for the purpose of preserving power. Nowadays, corruption is both a major cause and a result of poverty around the world. It occurs at all levels of society, from local and national governments, civil society, judiciary functions, large and small businesses, military and other services and so on. There are many causes and effects of corruption to the company.
First and foremost, expansion of market is the main cause of corruption to occur in a company. Most companies participate in corruption to assist themselves in their market expansion strategies. By bribing a few officials, they are able to establish operations and achieve their goals. If not for these bribes, those companies would not have received the necessary permits to set up operations. As for example, an official has the authority to allocate a commodity at a price below the market equilibrium level. Then rent seeking may occur and the official may be able to accept bribes which cause corruption to take place.
Besides that, profit maximization is also one of the causes of corruption. By selecting those countries with potentially a large expanding market with very little competition, some of the companies choose to bribe officials to enter these markets and reach their profit targets.
The effects of corruption to the company are felt in monetary terms from a business point of view as well as in social and political costs. In monetary costs, it effects the economic development and economic growth which shown to worsen poverty. Inefficient of world economy and serious obstacle for investment are also the effects of corruption. Last but not least, reduction in tax revenues and affected in price and quality of finished goods will also show the bad effects of corruption.
In a nutshell, corruption is a worlwide phenomenon with no end in sight. Specific steps should be taken by the company in order to curb corruption such as anti-corruption regulation, penalties, better salary structure, and employee training.
Done by: Nur Afdhallina binti Ismail (103204)
First and foremost, expansion of market is the main cause of corruption to occur in a company. Most companies participate in corruption to assist themselves in their market expansion strategies. By bribing a few officials, they are able to establish operations and achieve their goals. If not for these bribes, those companies would not have received the necessary permits to set up operations. As for example, an official has the authority to allocate a commodity at a price below the market equilibrium level. Then rent seeking may occur and the official may be able to accept bribes which cause corruption to take place.
Besides that, profit maximization is also one of the causes of corruption. By selecting those countries with potentially a large expanding market with very little competition, some of the companies choose to bribe officials to enter these markets and reach their profit targets.
The effects of corruption to the company are felt in monetary terms from a business point of view as well as in social and political costs. In monetary costs, it effects the economic development and economic growth which shown to worsen poverty. Inefficient of world economy and serious obstacle for investment are also the effects of corruption. Last but not least, reduction in tax revenues and affected in price and quality of finished goods will also show the bad effects of corruption.
In a nutshell, corruption is a worlwide phenomenon with no end in sight. Specific steps should be taken by the company in order to curb corruption such as anti-corruption regulation, penalties, better salary structure, and employee training.
Done by: Nur Afdhallina binti Ismail (103204)
Sunday, August 15, 2010
The Effect of Economic Crisis to Malaysia
The economic crisis in 1998 had stroke the politics, economics and social aspects of all countries in the world. Malaysia is one of the countries that tried to gain back its stability of economics. The economic crisis has its impact on public sector, made Ringgit Malaysia depreciated, the rise in unemployment and inflation.
The value of Ringgit Malaysia has depreciated and come severe under the selling pressure due to the decreased value of Thai Baht in the mid of May 1997. Bank Negara Malaysia had already lost close to US $1.5 billion in the effort to prop up the value of Ringgit Malaysia. Bank Negara intervened in the foreign exchange market to uphold the value of Ringgit. The value managed to be upholding for a week before it finally was forced to float the Ringgit.
In the public sector, the effect of the crisis began to felt when both expenditure and investment were decreased. In addition, the budget for operating expenses was slashed and the cancellation of several infrastructure mega projects. The initial impact of the crisis that faced by the country was the declining imports of luxury goods.
The crisis has a negative impact on Malaysia social sphere as well. The rise in unemployment and inflation are the main reason of the household income declined. Urban families during that time were experiencing the worst of the impact due to increase cost of living including the cost of food, household necessities, health care, tertiary education and transportation.
In the nutshell, 1998 economics crisis gave huge impacts not only to Malaysia but all country in the world. Malaysian had faced critical situation in politics, economics and social aspects but Malaysia economics has increase rapidly since the crisis.
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