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Why Malaysians Join and Stay on in a Multi-Level Marketing Company

Studies on the Multi-Level Marketing (MLM) industry have noted its impressive exponential growth in the past 30 years in terms of total volume of sales and number of salespersons involved. The purpose of this study is to identify the reasons why Malaysians join and continue to remain in the industry. It was found that the main reasons for joining and remaining in MLMs can be grouped into financial independence, personal freedom, types of products and benefits, product credibility and incentives. Generally, the findings indicate that the desire for money and product features made respondents to join and stay on. The management of MLM companies should look more into the development and promotion of the product rather than the method of selling.

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Reining in Inflation

The expectation is that, inflationary pressures would gather pace in the coming months. However, given the ineffectiveness of the interest rate policy tool in containing oilinduced price increases and in view of the transient nature of inflation, Bank Negara would remain hesitant to raise rates, as long as the economic momentum is still on a downward trajectory. Publication: MIERScan, 11 July 2005.  Author: Chew, Kevin.

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The Cost of Living Picture Remains Elusive

Despite the healthy economic growth, persistent remarks on the rise in the cost of living are heard. The difficult part is that there is elusive, scarce and incomplete info on the cost of living at the national level, since spending is also based on personal priorities. Publication: MIERScan, 14 May 2007. 

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Inflation in Malaysia

Maintaining a low and stable inflation rate has become one of the challenges in the macroeconomic management of most countries.   Among others, Malaysia has a very unique experience in terms of inflation.  The economy has experienced episodes of high (1973-1973, 1980-1981) and low (1985-1987) regimes of inflation, and was able to contain low and stable inflation during the high economic growth period of 1988-1996. The objective of this study is to identify important factors that contribute significantly to inflation in Malaysia.  This study also aimed to examine the possible existence of international and intra-ASEAN inflation transmission to Malaysia.  The analysis is carried out based on the time-series approach of multivariate cointegration, vector error-correction modeling, impulse response functions and variance decompositions.  The empirical results of this study show that external factors such as exchange rate and the rest of ASEAN's inflation are relatively more important than domesitc factor in explaining Malaysia's inflation.

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