Assignment Financing Accounting

7/24/2019 Assignment Financing Accounting

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1.0 INTRODUCTION

Regional Development Authority is a huge step by the early government of

Malaysia to restructuring and develops local people in the rural area. Undoubtedly

the most outstanding achievement of post-independence Malaysia is its national andrural development. The entire country has been transformed as never before in

centuries of colonial rule. More than 200000 acres of ne! land comprising some "#

land schemes have been opened up and more than $%#00 families-once landless

and helpless find a ne! !ay of life and a ne! hope in these schemes.

2.0 BACKGROUND AND HISTORY

2.$ JOHOR TENGGARA REGIONAL DEVELOPMENT AUTHORITY (KEJORA)

The idea of established of &ohor Tenggara Development Authority !as the

brainchild of the late Tan 'ri (). *thman bin (). Mohd +urrently the +hief Minister of

&ohor and discussion bet!een him and the late ,A Tun(). Abd. Raa/ bin Dato

(ussein 1rime Minister $3"0-$3"%4.

ased on the discussion (unting Technical 'ervices 5imited has been

appointed to prepare a master plan for economic and social development of the

'outheast &ohor. The study !as completed in August $3"$.67&*RA established on $ &une $3"2 under the &ohor Tenggara Development

Authority Act $3"2 Act "#4 and state enactments enactment of the &ohor Tenggara

Development Authority in $3"24 !hich provides some functions and po!ers to

develop southeastern region of &ohor. 67&*RA operation area involved 2 districts in

&ohor 6ota Tinggi and 6luang covers an area of 800.8%9 hectares.

2.2 KEDAH REGIONAL DEVELOPMENT AUTHORITY (KEDA)Revie! of :ational Development 1lanning +ommittee :D1+4 in $3"3 there

!as a gap of poverty and unbalanced development bet!een the territory of 67DAand MADA

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67DA !as established under the Act 293 and Act 6edah Regional

Development Authority 67DA4 $3;$ !as launched by Dr. Mahathir Mohamad

Deputy 1rime Minister4 on May 2; $3;$. The main focuses are housing

development agriculture industry and trade. esides 67DA also concentrated on

control and coordinate the implementation of activities in the area as !ell as social

and economic development.

2.8 SOUTH KELANTAN DEVELOPMENT AUTHORITY (KESEDAR)

67'7DAR is one of the Rural Development Authorities RDAs4 under Ministry

of Rural and Regional Development !as established on March 2 $3"; under Act 208

'outh 6elantan Development Authority Act $3";.

The formation of 67'7DAR officially !as launched and completed by the late

Tun (ussein *nn the third 1rime Minister of Malaysia on March # $3"; in atu


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The duties and role 67'7DAR described by 'ection 9 $4 of the $3";

67'7DAR are develop promote facilitate underta/e control and coordinate the

development of economic social housing agriculture industry and trade in 'outh

6elantan region.

*n the other hand 67'7DAR aimed at=

a4 developing rural 6elantan 'elatan to!ards !ays overall planning and

development>

b4 providing a channel for financial allocation and staff to develop the 'outh

6elantan> and

c4 Restructure the 6elantan population that is largely focused on the north

northern 6elantan density ratio= 6elantan 'elatan is #;.; persons ? /m= ;."

persons.

".0 CORPORATE PHILOSOPHY6 MISSION AND VISION

8.$ @ision is ma/ing the region prosperous in 2020

8.2 Mission is leading regional development through empo!erment of human

capital and economic establishment of strategic and effectiveness.

8.8 7stablishment ob)ective is based on the strategic of :e! 7conomic 1lan to

reduce unstable of economic create a various )ob opportunity and to realie a

ne! economic development opportunity in regional areas..

8.9 As the lead agency to promote the rural areas as one of the most advanced

and developed region in Malaysia.

8.# *b)ectives =

i. balance the ratio of population density

ii. turn do!n the development gap bet!een regions

iii. 1repare facilities of infrastructure and amenities of social.

iv. increase the socioeconomic of level and alleviate poverty

v. develop human capital

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#.0 THE POLICIES6 STRATEGIES AND PROGRAMMES ADOPTED BY REGIONALDEVELOPMENT AUTHORITY TO ALLEVIATE POVERTY

67&*RA 67DA and 67'7DAR are the regional development agencies

established for balancing development in the physical and socioeconomic bet!een

less developed and advanced regions. 1rograms implemented include the

construction of basic infrastructure opening and construction of ne! settlements that

have been successful in creating economic opportunity and )obs to the rural areas.

There are several policies strategies and programs adopted by these

regional development authorities to alleviate poverty as follo!s=

#.1 KEJORA

#.1.1 INDUSTRIAL SECTORS

An industrial development in 67&*RA industry has been developed

area in %"0 acres complete !ith infrastructure namely the +ity idder and

southeast. To meet future needs 67&*RA has plans to open ne! industrial

areas involving the implementation of an integrated industrial development.

The ne! industrial area !ill place 6' for the local mar/et and overseas.

#.1.2 AGRICULTURAL SECTORS

67&*RA also has an agricultural area covering 28%9 hectares of

miBed crops cultivated by $2; operators based agriculture and livestoc/.

+limatic conditions and topography are suitable to be a factor for the success

of the agricultural sector and thus enhancing the contribution to the economy

in the region 67&*RA.

n addition 67&*RA get very good support from the 'tate


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#.1." TOURISM SECTORS

67&*RA tourism sector has great potential based on the strength of

eBisting tourism resources such as cultural diversity heritage historical and

natural heritage of the nation especially in the villagesE traditional 67&*RAregion. The po!er of the full diversity of tourism resources and leadership at

the village level that best enable the tourism industry especially rural tourism

activities developed eBtensively. (o!ever the constraints !hich eBist today

such as competition from neighboring countries that offer more attractive

pac/ages and lo! to be considered in the planning and implementation of

rural tourism program 67&*RA area.

#.1.# LO7 INCOME EARNING +OR RURAL PEOPLE

67&*RA also tried directly and indirectly to enable the income of the

rural population can be improved mainly in line !ith the governments

desire for a living in to!ns and villages in the region 67&*RA. (ence the

implementation of an integrated plan to increase revenue is eBpected to

increase the income of rural residents especially residents of the traditional

villages and to!ns of this ne! 67&*RA region.

#.1.8 LACK O+ IN+RASTRUCTURE DEVELOPMENT

nfrastructure development has been developed by 67&*RA

especially in ne! to!ns and villages have been ma/ing traditional

'outheast &ohor region thrive. Fith the completion and operation of 1asir


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'everal large infrastructure needs to be developed in the area

67&*RA as a catalyst to more rapid development of the tourism sector and

agriculture !ill provide )obs !ith higher !ages and thus succeeded in

increasing income of the population in line !ith the governments ob)ective.

#.1.* HUMAN CAPITAL DEVELOPMENT

(uman +apital Development is the main agenda in line !ith the thrust

of the Cirst Master 1lan for Rural Development to strengthen the

empo!erment of rural communities. To realie this ob)ective the integrated

human capital development program should be implemented !ith careful

attention to the target groups including the elderly youth !omen and

members 67&*RA.

67&*RA committed to developing the human capital of the

approBimately 800000 people in programs organied. 67&*RA received

strong support from the ministry to achieve this ob)ective through the

implementation of programs and activities that involve all segments of society.

67&*RA also made a )oint collaboration !ith agencies ? departments such as

MARA the 'ocial Felfare Department the 5ocal Authority and the slamic

+ouncil in order to ensure that all programs and activities can be carried out

effectively and optimie resource utiliation.

+ity idder as the goal of ma/ing education hub in the region

67&*RA an agenda that is consistent !ith the strategy of human capital

development and training programs in collaboration bet!een institutions in

the vicinity +ity idder Mara 1rofessional +ollege :'T7DT community

college and institute 67&*RA also actively implementing efforts to attract

in!ard educational institutions to 67&*RA region by providing site

development facilities and infrastructure.

(o!ever the limited budget the limit to create a strategic partnership

bet!een government departments and agencies to factor limiting the

effectiveness of the program. n addition rural communities must change their

bass so that all programs and activities that are beneficial and thus change

their lives.

n line !ith the governments directive that the governance of public

services should be enhanced the emphasis shall be given for continuing

efforts to!ards the development of human capital. To realie these goals a

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paradigm shift is reuired to produce a credible civil servants armed !ith

/no!ledge in various fields including science and technology.

n addition 67&*RA has the advantage on the basis of the services

covered but have the freedom in human resource management. 7ffortsshould be enhanced through planning and implementation of human capital

development for all members 67&*RA more thorough and comprehensive.

#.2 KEDA

9.2.$ 'TRAT7


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The primary ob)ective of the settlement strategy is to provide land to

landless or marginal farmers and at the same time to provide more gainful

employment and better incomes.

1lans designs coordinates and implements the schemes !hichinvolve land clearing provision of infrastructure services and housing

selecting the settlers and assists the settlers in the production mar/eting and

processing of the crop

I& 5i- :e3el/9e&

In situ development involves replanting rehabilitating and consolidating

activities on eBisting agricultural areas that are faced !ith problems of poverty

and lo! productivity.

2. I&e,%e: -%l :e3el/9e&

The ultimate ob)ective of the comprehensive RD strategy is to

transform rural society through collective self reliance.

The strategy of area development !as )ustified on the basis that

focusing RD pro)ects on selected or targeted areas !ould produce uic/er

and greater impact compared to an unfocused and diluted approach.

y concentrating on selected areas or localities it !ill facilitate

intensive planning and implementation that !ill help identify and solve the

rural problems integrate basic components of RD and lin/ micro-level village

planning !ith macro target-setting and planning.

This strategy normally includes natural resources or land development

programme basic economic infrastructure and social amenities the provision

of agriculture support services li/e credit mar/eting research eBtension

farm inputs and the development of the non-agriculture rural component li/e

rural industries rural public !or/s and community development pro)ects

". R-%l i&:-5i%li5%i/&

This !as seen to comprise four integral components> namely

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8.$ 1rimary processing of agricultural ra! materials for eBport for eBample

rubber milling palm oil milling and cocoa bean production>8.2 Traditional activities !hich may loosely be described as handicrafts

!ith such products as bati/ bas/etry pottery silver!are and

!oodcarvings produced by small home-based enterprise>8.8 'mall-scale production of consumer goods for local mar/ets !ith products

such as bread and ca/es fish crac/ers clothing furniture bric/ and cement bloc/s>

and8.9 Automotive and electrical repairs often involving only a !or/ing proprietor

using informal premises

#. R-%l ,/;' 4e&e5.

9.$ The rural gro!th centres R and9.2.9 To establish and strengthen the rural urban lin/ages bet!een the rural

hinterland and the neighbouring to!ns>

#." KESEDAR

9.8.$ n :inth Malaysia 1lan 67'7DAR have # policy to ensure all the

development activities 67'7DAR are parallel !ith national andMinistry of Rural and Regional Development 1olicy.

The policies are dra!n as follo!s=

i. Develop human capital based on concept human capital development

!ider and comprehensive included all aspect !hich is high in ethics

and morals reliable /no!ledge and s/ills and good values.

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ii. ncrease productivity through agriculture commercial activities small

and medium scale industries tourism business and trade by eBplore

ne! and nature source.

iii. ncrease participation and involvement private company subsidiaries

and non-governmental agencies in local development.

iv. 7Bpand info-structure coverage especially at


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iv. prepare a opportunity for rural entrepreneurship capable have their

o!n business

v. ncrease productivity and outcome through unification land

vi. ncrease a productivity of human capital in rural agriculture and agro-

based industries.

vii. 7Bpand an Agropolitan concept to agriculture and agro-based

industries !ider

9.8.9 ased on


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i. Cacilities

1roviding basic facilities and social amenities such pro)ects are not listed

and are applied on an ad hoc basis by the target group in order to meet

their immediate needs. 7Bamples of such pro)ects

a. Cences and endo!ments grave

b. 7uipment mosue ? mosue ? madrasah and

playground

c. 7mergency aid natural disaster

ii. The 5and Development 1lan 1rogramme

s the development of agricultural land rubber and oil palm4 that is

integrated !ith a settlement aimed to alleviate poverty

a. nvolving 222; settlers.

b. A total of $$ units land development plan have been developed

nine have settlers4

c. The area planted $;.890 hectares 3%#9.32 acres I rubber palm

I ;%;#.#% hectares4

d. Average yields in year 200% I $%.# mt ? ha

The average yield of rubber year 200% I 9#% /g ? ha

e. Replanting

There are areas the settlers I 3"3$ acres

There are no settlers Area I ;#9; hectares

f. The others pro)ect are=

Roads farms 28 pro)ects #0 /m4

Fater supply $ pro)ect4

@illage road 9% pro)ects ;% /m4

1ublic utilities #% pro)ects4

'ite preparation for settlers 800 lots4

Measure farm lots 8088 lots4

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iii. Rural Roads

1rovide all-season roads in the villages ? settlements in 'outh 6elantan toimprove the uality of life of rural residents. Almost $8# road !as

implemented includes built upgraded and refurbished involved about 2$$

/m roads and also 22 bridge.

iv. Traditional @illage Development

1rovide basic amenities in the villages traditional 'outh 6elantan to

improve the uality of life of rural residents such as alternative !ater

supply 8% of pro)ect4 amenities "8 of pro)ect4 and also herbs farm 200

acres4

v. +ity and +entral

The human mind development ;0 series of courses4

The increase in revenue $00 pro)ects4

'/ills training and career $0 courses4

1rogram of educational eBcellence 89 series of courses4

vii. 5and Recovery 1lan Development

1repared facilities in 5and Rehabilitation 'cheme for the purpose of

improving the economy and uality of life of the settlers.

Rural Roads #% of pro)ect ;# /m4

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Roads estate 2# of pro)ect #0 /m4

Amenities sosial 92of pro)ect4

Cruit Carms ;0 hectars 4

viii. 'ocial and nstitution of Development

1repare pro)ects lead to human development !hich is parenting

development 930 series that give benefit to #"";90 people4 adult

education 2;$# series and ;989"# people get the benefit4 nstitution of

leadership education $"88 series of $$0$3%; people4 youth generation

development $%## series give the benefit around "2$0#; people

iB. Development of nformation Technology

1rovides euipment and +T education such as development systems

and facilities $00 events4

+T education %0 events4

B. 7conomy and industry of Development

The program aims to increase the number of rural entrepreneurs as !ell

as improving the eBisting level of entrepreneurship. The pro)ects

implemented are for economic development and entrepreneurship

through !hich is euipment capital loans promotion and also

entrepreneurship courses rural tourism etnobotani garden and pergau

la/e4 and also 2$first century village.

The programme that 67'7DAR has and !ill implement till the 2080 are=

. (uman +apital Development

a4 Mind development

b4 (uman +apital development

c4 Training and s/ill development

d4 nstitutional development

e4 1overty Alleviation

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. Development of housing and environment

a4 urban development and gro!th center

b4 village development

c4 development of infrastructure

d4 economic development

e4 agricultural development

f4 development of rural industries

g4 tourism development

h4 privatiation

i4 development subsidiary

!.0 CONCLUSION

n conclusion the rapid development of sectors such as industry tourism and

agriculture in the region !ill 67&*RA can create demand for housing ? settlements.

The demand for housing is eBpected to increase in andar bidder and southeast. n

meeting these reuirements 67&*RA need to design and develop ne! settlement

areas.

To achieve that goal 67&*RA need to increase the capacity of self through

engagement in commercial activities can provide benefits through the establishment

of subsidiaries. n addition the capacity of human resources in 67&*RA also needs

to be improved through training to members and also improvements to systems and

procedures.

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Assignment Financing Accounting