Telecommunication Firms Highly Dependent On Smartphone Subscribers

           Based on the news report by Leong Hung Yee, June 24 of 2011 on The Star, Maxis has the largest subscribers on their packages and plans toward their smartphone products. The sales of smartphone are boosting the revenue of Maxis. This is because the chief operating officer Jean-Pascal van Overbeke said “There's a real demand for smartphone products from consumers. They were waiting just to get the latest smartphone device.”

Hybrid Cars Need More Incentives to Attract Buyers

             Based on the news report by Jagdev Singh Sidhu, August 9 of 2012 on The Star, hybrid and electric cars demand in Malaysia are needed more incentives to increase the sales. In recent years, sales of hybrid and electric cars are increasing although the cost of the vehicle is higher than the consumer of United States pay when calculated in Malaysia currency. But have you ever thought what type of hybrid car users will benefit more to save their cost?

Petroleum price shoots up again

            As mention from my first article, economics is separated into two different types. It is divided into microeconomics and macroeconomics. Microeconomic is the studies individuals and decisions of businesses. Which means that it focus on internal of an organization. Examples are, the employees, managers and other factors. On the other hand, macroeconomic focus on the external forces that affect a business. Examples are account taxes, regulations created by government, and international trading status.  Increase or decrease in government subsidies will cause a big impact on a country’s economy. Therefore, external force for a business is very important. Petroleum is a very important source in this world. Without petrol, a lot of work cannot be done, car will not be able to move and machines can’t operate properly. Hence, we can categorize petroleum as a necessity product. Petroleum must be present so that we are able to drive our vehicles to work for our living.

Sugar subsidies reduced; expect price of sugar to increase

            Economics is separated into two different types. It is divided into microeconomics and macroeconomics. Microeconomic is the studies individuals and decisions of businesses. Which means that it focus on internal of an organization. Examples are, the employees, managers and other factors. On the other hand, macroeconomic focus on the external forces that affect a business. Examples are account taxes, regulations created by government, and international trading status.  Increase or decrease in government subsidies will cause a big impact on a country’s economy. Therefore, external force for a business is very important. Sugar is important in our daily life. It is almost consumed on a daily basis. Therefore, we can say that sugar is a necessity good. Sugar can be found in a lot of products that are available in the market. Examples of products that use sugar to produce are soft drinks, candies, food flavoring and many more.

California gas prices will rise

        Based on recent news on CBS dated on 5^th October 2012, the gas prices in California will rise. It has been said to be a price spike which will soon go down again due to temporary reduction in supply. According to a woman from a simple family with simple income, the price rise has started to cost them a lot of money because of her husband’s job that requires him to drive a certain distance to and back from work every day. According to the Law of Demand, when the price of a good goes up, the quantity demanded for the good will decrease. In time, a price rise of gas like this will definitely decrease the quantity demanded for gas in California.

Fiji Poultry Industry Strives for Self-Sufficiency

According to the news on The Poultry Site dated on 30^th April 2012, Fiji has reported an increase in poultry production. Economy and social plays a big part in the development of Fiji, the poultry industry is regarded as one of the most important industries. Chicken is also considered a primal food as well as an affordable source of protein for the people. Due to the ever-growing population in Fiji, the poultry industry has been facing a shortage since the past 6 years. In response to the market demands, Fiji has started investing money to expand the poultry industry to in order to increase the supply. As a result, a total of 1300m² of new poultry farms were built. Recently, Mr Joils has revealed that the industry had successfully moved towards becoming self-sufficient because around 80 to 85 per cent of poultry meats are being produced locally.

'Increase tax relief incentive in Budget 2013'

KUALA LUMPUR: In order to attract and encourage more people to save for retirement, the Malaysian government should increase the tax relief incentive to RM10,000 from RM3,000 for the newly launched voluntary private pension scheme, an independent financial advisor said today. Everything we earn and almost everything that we buy is taxed. The tax that is deducted from our earning and sales taxes are known as income taxes and social security taxes. Isn’t it obvious that we are the one paying all the taxes all the time? Our income tax and social security tax are deducted from our monthly salary. Almost everything that we buy in Malaysia is also entitled us to pay tax for it. Tax incidence is a type where they have buyers that pay the tax due to the price rises by the full amount of tax, sellers pay the tax due to the price doesn’t rise at all and also if the price rise by a lesser amount than the tax, therefore buyers and sellers share the burden of the tax.