Investigation of the Linkages Between Malaysian and Three Newly Industrialized Asian Countries : Co-Integration Analysis

This study examines price linkages among the equity markets of Asian newly industrialised countries of Malaysia, Singapore, Thailand, and Hong Kong. Using daily data from January 2000 to December 2004, bivariate and multivariate cointegration technique following the Johansen (1988) procedures and bi-directional Granger causality test are conducted to examine causal relationships among these markets. The results indicate that there is a stationary relationship and significant cointegration between the Asian NICs equity markets. Although there is evidence of integration between the NICs equity markets, overall Singapore plays an influential role within the region and interestingly, is the only NIC to exert a bi-direction causal influence on the Malaysian stock market. Hence, this suggests that opportunities for regional portfolio diversification in Asian newly industrialised countries equity markets remain attractive with appropriate investment strategies and policies

Relationship between Macroeconomic Variables and Malaysia Available Shariah Indices

This paper aims to study the relationship between local and foreign macroeconomic variables and Malaysia available Shariah Indices. In our study, we used the Vector Error Correction (VEC) framework by initially looking at the long run and short run relationship between Malaysia available Shariah indices (i.e. KLSI, FTSE Bursa Malaysia EMAS Shariah Index and FTSE Bursa Malaysia Hijrah Shariah Index) and the macroeconomic variables via the Johansen cointegration technique. Monthly data during the twenty two-year period (from January 1990 to December 2011) has been collected from DataStream and tested. The findings show positive relationship between the variables from 1990 to 2006. However, mix results were found after the period till 2011. This study then conclude that the standardized set of macroeconomic variables that specified by earlier researchers still can be relied but in careful policy formulation

Relationship between Macroeconomic Variables and Malaysia Available Shariah Indices

This paper aims to study the relationship between local and foreign macroeconomic variables and Malaysia available Shariah Indices. In our study, we used the Vector Error Correction (VEC) framework by initially looking at the long run and short run relationship between Malaysia available Shariah indices (i.e. KLSI, FTSE Bursa Malaysia EMAS Shariah Index and FTSE Bursa Malaysia Hijrah Shariah Index) and the macroeconomic variables via the Johansen cointegration technique. Monthly data during the twenty two-year period (from January 1990 to December 2011) has been collected from DataStream and tested. The findings show positive relationship between the variables from 1990 to 2006. However, mix results were found after the period till 2011. This study then conclude that the standardized set of macroeconomic variables that specified by earlier researchers still can be relied but in careful policy formulation

Voluntary disclosure of investment information at Malaysian companies website / Azrul Abdullah... [et al.]

This paper examined the voluntary investment information disclosed by Malaysian listed companies via their websites. A total of 100 companies listed on the Mainboard Bursa Malaysia were selected based on their market capitalization in attempting to explain the disclosure practices. Investment informations disclosure via the websites were analyzed across industry based on the score in the designated disclosure form. This study also identified the format of presentation for investment information in terms of multimedia usage. Finding of the study highlighted that the investment information disclosure and usage of the multimedia were still unsatisfactory

The Comparative Study of Muslim Friendly Homestay Programs in Indonesia and Malaysia: Social Legal Perspective

This paper aims to compare the implementation of the halal tourism concept in Indonesia and Malaysia, especially in the case of Muslim friendly homestays. The study methodology used is comparative normative juridical research. The study was conducted by taking an inventory of the laws and regulations regarding halal tourism that have been owned by several regions in Indonesia. Then compared with the implementation of halal tourism, especially in organizing Muslim friendly homestay on Lake Toba, North Sumatra with Malaysia. The results of the research show that Indonesia does not yet have a legal umbrella governing halal tourism, only a few cities and provinces have regional regulations. Regions with Halal Tourism Regulations Regimes that already have Halal Tourism Regulations include Regime No. 51 of 2015 issued by the governor of West Nusa Tenggara, Regime No 1 of 2020 issued by the province of West Sumatra, Regime No 19 of 2022 issued by the provincial governor of North Sumatra concerning regulations for implementing halal tourism regional regulations. Regime No 6 of 2020 issued by the regency of Bandung Regime No 9 of 2019 issued by the provincial government of South Sumatra concerning halal tourism, the data indicates that Indonesia lacks a legal framework for halal tourism. It stands in contrast with Malaysia, which achieved success in the halal tourist sector partly as a result of the creation of halal standards and the nationwide adoption of a systematic halal assurance system. Malaysia’s Islamic development department initiated a policy of standardizing halal food and standards such as Muslim Friendly Hospitality Services (MFHS), which contain three important components: the principle of providing accommodation, tour packages, and guide tours based on Islamic principles. Keywords: comparative study, Muslim friendly homestay, legal framewor

Fabricated germanium-doped optical fibres for computed tomography dosimetry: Glow curve characteristics

Fabricated germanium (Ge)-doped optical fibre glow curve characteristics are investigated with respect to computed tomography (CT) dosimetry. 2.3 mol% and 6 mol% Ge-dopant concentration preforms have been used to produce flat and cylindrical fibres (FF and CF) of various size and diameter. The fibres are irradiated to doses of 20, 30 and 40 mGy for each of the beam qualities RQT 8 (100 kV), RQT 9 (120 kV) and RQT 10 (150 kV). The thermoluminescence (TL) kinematic parameters studied are maximum temperature (Tmax), activation energy (Ea) and peak integral (PI). The glow curve formations are reconstructed from the Windows®–based radiation evaluation and management system (WinREMS), deconvoluted using glow curve deconvolution (CGCD) analysis software. The structures of the glow curves are broad single or double-peaked, occurring at relatively high glow peak temperatures, TL response increases with radiation dose and peak height decreases with increasing energy, showing clear photoelectric dependence. The deconvoluted glow curves for all fibres are seen to consist of five individual glow peaks, P1 to P5, P1 being dominant in all cases other than for 6 mol% Ge-FF for which P3 is dominant due to the formation of a double-peaked glow curve. Tmax increases from P1 to P5 for all fibres, throughout the energy range used. P1 and P3 (6 mol% Ge-FF) have the lowest Ea, while P4 shows the greatest Ea for all fibres. The results indicate that electrons in P1 and P3 (6 mol% Ge-FF) are occupied at low energy traps while for P4, the electrons are trapped at a deeper energy level. The lowest PI value, indicative of the least number of electrons, is shown to be that of the deeper trap P4 for all energies investigated. This study provides support for the use of 6 mol% and 2.3 mol% preform fibres for CT dosimetry, each with similar kinetic parameters

Investment information via website by Malaysian listed companies

Internet technology is believed to improve efficiency and good practice of information dissemination. This paper examined the investment information disclosed by Malaysian Listed Companies via their websites. Evaluations of investment informations disclosure via the websites were based on score towards the disclosure index developed. One hundred companies listed on the Bursa Malaysia's Main Board are selected based on their market capitalization. This study identifies the level of investment information disclosure across industry and found that the investment information disclosure and usage of the multimedia are still unsatisfactory. This study also tests the extent of such disclosure with several firm characteristics (profitability, auditor, efficiency and size) and the result shows that only firm's size is significant. The implications of these findings are discussed

Risk management committee and disclosure of hedging activities information among Malaysian listed companies

This paper examines the relationship between Risk Management Committee (RMC) characteristics and the extent of hedging activities disclosure within the annual reports of the Malaysian listed companies.In particular, relationships are tested on RMC size, independence, RMC meeting, RMC gender diversity and RMC training.Our regression analysis shows that RMC independence significantly and negatively influences the extent of hedging activities information disclosure, while RMC meeting positively influences the disclosure.The implications of these findings are discussed