Mercy Corps is an international humanitarian organization operating Water and Sanitation, Economic Development, Livelihoods, Capacity Building, Emergency Response, Health and Nutrition and similar sectors in the regions of Somali, Oromiya, Addis Ababa and SNNPR. Beyond domestic borders, the Blueprint envisions greater participation by the Malaysian financial sector in facilitating regional financial flows, especially in supporting regional trade and investment, regional financial integration, as well as the internationalisation of Islamic finance. The increase in regional Queensland has been more dramatic still, the total number of unemployed more than doubling since 2008. I’ll pass it along to some of my friends who might be interested in real estate careers.
The development of vibrant domestic foreign exchange and money markets, and ensuring sound risk management and corporate governance practices by financial market players, will be an important agenda in the development of our financial system. Internationalisation of Islamic finance – While Malaysia has made significant inroads in becoming an international Islamic financial centre, efforts will continue to be undertaken to enhance the Islamic financial ecosystem. In strengthening the legal and Shariah frameworks and further advancing Malaysia’s thought leadership in Islamic finance, a single legislated body to be the apex authority on Shariah matters in Islamic finance will be established.
Also, the activities of Malaysian financial institutions abroad is expected to become more significant while the increasing presence of regional and international financial institutions will also further connect Malaysian businesses to foreign trade and investment opportunities. It is estimated that the financial sector would need an additional workforce of 56,000 in 2020 (in 2010, it was 144,000) for areas such as risk and wealth management, Islamic finance and investment advisory services. However, the latest Detailed Labour Force figures revealed that recorded regional unemployment in New South Wales has increased from around 65,000 in 2012 to touch above 100,000 in recent months.
Among the central bank’s recommendation is to promote greater foreign participation under a strategic approach to evolve a financial sector that is more diversified and integrated with regional and international financial markets. On the other hand, regional Victoria has begun to add jobs again, and broadly speaking unemployment appears to be on the mend. Recent industry trends imply that the major drivers of regional unemployment include mining positions falling away and an ongoing structural decline in manufacturing industries. While Greater Sydney’s reported unemployment rate has declined to below 5 per cent , regional New South Wales unemployment has increased sharply since 2012.
Even for regional centres, the Grattan Institute has found that it is their proximity to the Central Business Districts (CBDs) of tthe capital cities which largely drives their fortunes and respective rates of economic growth. According to Grattan’s detailed research, regional centres located less than 150km from the capital city CBDs are growing at a considerably faster pace than those located further afield. As noted above, regional unemployment in Victoria seems to be on the mend after threatening a run up through 2014.