Maxis Communication Berhad Merger With Airasia Finance Essay - Free Essay Example

Sample details Pages: 5 Words: 1536 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? The meaning of merger which is combination of two or more firms, in which the objectives are enhanced and increase shareholders wealth, increase company profit and allow the company move into a rapidly growing market place. Maxis Communication Berhad (MCB) leading the mobile provider and has mostly subscribers in Malaysia, The company provides mobile, fixed line telephony, data and network services and also a largest IPO ever in Malaysia and South East Asia. Although MCB having a strong financial background, but its competitor which are Celcom Berhad and Digi Telecommunication also considered as a very strong background and advantages competitor, how to prevent exceed by those company? Our suggestion for the MCB is merger with the Airsia (Malaysia low-cost airlines). Don’t waste time! Our writers will create an original "Maxis Communication Berhad Merger With Airasia Finance Essay" essay for you Create order Airasia operates scheduled domestic and international flights and is Asias largest low-fare, no-frills airline. These mergers are considering as conglomerate merger which means combination of company in unrelated business. We choose Airasia as a target, because Airasia has keep growing around the Asia and it been chooses become a Worlds Best Low-Cost Airline for 2009. According our research, Airasia are also finding more subsidiary and partnership to expand their business, which does will be an opportunity for MCB as well and the key benefit of that merger is ability reduce risk by MCB. Unfortunately, Airasia are still under a huge debt, but that become the main motive why we suggestion that MCB merger with it, because of tax consideration are a key motive for merging. Under that situation, will increase profit and increase shareholders wealth of MCB as well. Beside that, because of Airasia have a strong management team, which teams can keep minimize net loss of capital and maximi ze profit at a same time, operation their borrowing asset well and keep growing under the situation of debt. Strength From our suggestion, if MCB successfully merger with Airasia, it definitely bring much advantages than the disadvantages such as because of Airasia brands name, it will easily make advertising for the MCB. Regarding the MCB perspective, they are keeping advertising about their product which is broadband, 3G network, Iphone package, postpaid, prepaid and so on. Because of those advertising for the product, according for the MCB annual report mentioned that under the sales and marketing parts, it cost around 4.6% from their of revenue driven by year-end promotions, although it does not costly than other, but if MCB merger with airasia, they can saves those expenses for expands business or doing investment on the future. Because of Airasia brands name are well establishment in Asia pacific and advantages, strong brand name recognition of global market by organization, and Airasia are highly frequency linked with country such as Brunei, Cambonia, Hong Kong, China, Indonesia, India, Ira n, Singapore, South Korea, Taiwan and Australia and so on, it will bring the benefit and increase reputation, brand name recognition of MCB. It easily makes advertising through their aircraft. At a same time, it will increase MCBs recognition by other organization with under a very rapidly growing market situation than other strongest competitor. Furthermore, successfully merger between the both companies, MCB will continuously become the strong leading mobile phone service provider in Malaysia, and Airasia will become a leading airline industry in Asia. Those will have a strongly financial background, will attract more investor to do investment and attract more people using Maxis network. In addition, MCB will have good potential increase managerial skill and technology from Airasia, because of their stronger management team. From Airasia perspective, company merger will enhance their fund-raising ability, company may be unable to obtain funds for its own internal expansion beca use of highly debt background but to obtain funds for external from (MCB) combination, and because of MCB has high liquid asset and low level of liabilities, it considered benefit for Airasia as well, it immediately decreasing financial leverage and allow funds to be raised externally at lower cost and reduce their debt in the future. These reasons mentioned that Airasia must accept suggestion merger by MCB. Weakness Although if merger with Airasia will bring along of advantages and benefit, but also does to consideration about the disadvantages for the merger. MCB can control significantly larger amount of assets than could acquire through merger, but major disadvantages of MCB which will increase risk resulting of the leverage effect, and must be pay attention that Airasia are having the bigger amount of debt on the future in 12 years repayment period, MCB may help Airasia covers its debt on that moments which means MCB immediately having debt at a same time. In addition, if MCB successfully merger with Airasia, it will become difficult to analyze by the MCB, and investor of MCB have difficulty understanding because of these complexity. In addition, effect of a merger on the earning per share of the MCB initial decrease in the per-share earnings of stock is expected. MCB will sell at low earning per share, its shareholders value may suffer of that merger at a short-term period. So, we define this merger as a long-term investment by MCB. From financial perspective, higher risks are higher return, thats why we suggest that MCB merger with Airasia, although these have few disadvantages. Opportunities According the annual report by the Airasia, we know that Airasia are still under the huge amount of debt. The tax loss can be applied against a limited amount of future income of the MCB, that is a consideration by the purpose of merger, if successfully merger with Airasia, it will bring a lot of benefit and after-tax earning by reducing the taxable income of the MCB. Although Airasia having a huge debt, but they have a strong management team which are control their debt as well. As the information, we know that borrowings of AirAsia are all in USD, it will benefit from the depreciation of USD because of this recent years economics crisis, USD are getting depreciation day by day, Airasia may having the foreign exchange gain from the repayment of debt. However, the foreign exchange gains just an accounting gain, which wont generate any real cash flow or economic value. Furthermore, fast expansion of AirAsia, leveraging on financing facilities, is one of the factors that enable AirAs ia to maintain its profitability in the highly competitive airlines industry. Regarding the economics of the world this few years, only the lowest cost player through effectively cost reduction, economic scale, and growing market place will survive. Those reasons are become the main purpose why MCB needs merger with them and we feel that Airasia are getting growing with rapidly, and way of expansion which are through borrowings instead of issuing new shares is the best way to benefit the shareholders as well. From MCB perspectives, maybe can follow their way and management to increase asset by borrowing from others although include the interest, but MCB will have more cash flow in hand, it can be use for expand business by highly return area or diversification investment. Beside that, Although the earnings per share of Airasia is quite low, RM 20.6, compare to the MCB earnings per share, RM 27.25, it allow investors believe that this merger will increase the wealth of the shareholde rs due to the high value of both companies in the market now on the future. Those reasons are becomes the way to keep growing and expands the businesses of MCB. Threat From Airasia perspectives, increasing competition because of increasing number of low cost airline competitors, and aggressive competition against the large or traditional airline companies under airlines industry such as Malaysian Airlines (MAS). Those threats will directly affect Airasia performances, profit, advantages, and indirectly affect to the holding company which is MCB as well. These are the problem that MCB must consideration after merger with Airasia. In addition, monitoring the foreign currency and adjust the profit against non-operating income are the important, because of exchange currency may cause company having the debt or gain. After MCB merger with Airasia, if MCB unable to pay Airasias liabilities, will cause both of them faced the challenge and seriously problem to become merger failure. Conclusion As a conclusion, we strongly suggest that MCB merger with Airasia. Because of those benefit are highly exceed the disadvantages of the merger. If successfully merger, MCB will have advantages of competitive between Celcom and Digi and other telecommunication network. As our information, because recent months, Celcom and Digi are plans to explore long-term network and infrastructure collaboration in Malaysia which are sign the Memorandum of Understanding (MOU). They plan to corporation; it will threaten to MCB position in Malaysia. Thats why MCB must prepare himself and merging the target which are Airasia. Mainly reason that merger is about the tax loss carryforward for the MCB. The tax loss can be applied against a limited amount of future income of the MCB over 12years (Airasia debt period) or until the total tax loss has been fully recovered. MCB using those tax loss carryforward to expand its business at a same time. Beside that, increasing managerial skill or technology, and a dvertising through airline, those reason become the situation why MCB needs merger with Airasia. Furthermore, increasing profit on the long-term perspectives as well and because of its more pros than cons.

Harriet Martineauâ€Biography and Works

Born in 1802 in England, Harriet Martineau is considered to be one of the earliest sociologists, a self-taught expert in political economic theory  who wrote prolifically throughout her career about the relationship between politics, economics, morals, and social life. Her intellectual work was grounded in a staunchly moral perspective that was influenced by her Unitarian faith (although she would later become an atheist). She spoke out against slavery and was fiercely critical as well of the inequality and injustice faced by girls, women, and the working poor. As one of the first women journalists of the era, she also worked as a translator, speechwriter, and novelist. Her acclaimed fiction invited readers to consider the pressing social issues of the day.  She was known for her keen ability to explain complicated ideas in an easy-to-understand manner, presenting many of her theories about politics, economics, and society in the form of appealing and accessible stories. Early Life   Harriet Martineau was born in 1802 in Norwich, England. She was the sixth of eight children born to Elizabeth Rankin and Thomas Martineau. Thomas owned a textile mill, and Elizabeth was the daughter of a sugar refiner and grocer, making the family economically stable and wealthier than most British families at the time. The Martineaus were descendants of French Huguenots who fled Catholic France for Protestant England. They were practicing  Unitarians  and instilled the importance of education and critical thinking in all of their children. However, Elizabeth was also a strict believer  in traditional gender roles, so while the Martineau boys went to college, the girls did not and were expected to learn domestic work instead. This would prove to be a formative life experience for Harriet, who bucked all traditional gender expectations and wrote extensively about gender inequality. Self-Education, Intellectual Development, and Work Martineau was a voracious reader from a young age,  was well read in  Thomas Malthus  by the time she was 15, and had already become a political economist at that age, by her own recollection. She wrote and published her first written work, â€Å"On Female Education,† in 1821 as an anonymous author. This piece was a critique of her own educational experience  and how it was formally stopped when she reached adulthood. When her father’s business failed in 1829, she decided to earn a living for her family  and became a working writer. She wrote for the  Monthly Repository, a Unitarian publication, and published her first commissioned volume,  Illustrations of Political Economy, funded by publisher Charles Fox, in 1832. These illustrations were a monthly series that ran for two years, in which Martineau critiqued the politics and economic practices of the day by presenting illustrated tellings of the ideas of Malthus,  John Stuart Mill,  David Ricardo, and  Adam Smith. The series was designed as a tutorial for the general reading audience. Martineau won prizes for some of her essays, and the series sold more copies than did the work of Dickens at the time. Martineau argued that tariffs in early American society only benefited the rich and hurt the working classes both in the U.S. and in Britain. She also advocated for the Whig Poor Law reforms, which shifted assistance to the British poor from cash donations to the workhouse model. In her early years as a writer, she advocated for free market economic principles in keeping with the philosophy of Adam Smith. Later in her career, however, she advocated for government action to stem inequality and injustice, and is remembered by some as a social reformer due to her belief in the progressive evolution of society. Martineau broke with Unitarianism in 1831 and adopted the philosophical position of freethinking, whose adherents seek truth based on reason, logic, and empiricism, rather the dictates of authority figures, tradition, or religious dogma. This shift resonates with her reverence for  August Comtes positivistic sociology and her belief in progress. In 1832 Martineau moved to London, where she circulated among leading British intellectuals and writers, including Malthus, Mill,  George Eliot,  Elizabeth Barrett Browning, and Thomas Carlyle. From there she continued to write her political economy series until 1834. Travels Within the United States When the series was completed,  Martineau traveled to the U.S. to study the young nation’s political  economy and moral structure, much as  Alexis de Tocqueville  had done. While there, she became acquainted with  Transcendentalists  and abolitionists, and with those involved in education for girls and woman. She later published  Society in America,  Retrospect of Western Travel,  and  How to Observe Morals and Manners—considered her first publication based on sociological research—in which she not only criticized the state of education for women but also expressed her support for the abolition of slavery due to its immorality and economic inefficiency as well as its impact on the working classes in the U.S. and in Britain. As an abolitionist, Martineau sold embroidery in order to donate to the cause and also worked as the English correspondent for the  American Anti-Slavery Standard  through the end of the American Civil War. Contributions to Sociology Martineau’s key contribution to the field of sociology was her assertion that when studying society, one must focus on all aspects of it. She emphasized the importance of examining political, religious, and social institutions. By studying society in this way, she felt, one could deduce why inequality existed, particularly that faced by girls and women. In her writings, she brought an early feminist perspective to bear on issues such as race relations, religious life, marriage, children, and home (she herself never married or had children). Her social theoretical perspective was often focused on the moral stance of a populace and how it did or did not correspond to the social, economic, and political relations of its society. Martineau measured progress in society by three standards: the status of those who hold the least power in society, popular views of authority and autonomy, and access to resources that allow the realization of autonomy and moral action. She won numerous awards for her writing  and though controversial, was a rare example of a successful and popular working woman writer of the Victorian era. She published over 50 books and over 2,000 articles in her lifetime. Her translation into English and revision of  Auguste Comte’s  foundational sociological text,  Cours de Philosophie Positive, was received so well by readers and by Comte himself that he had Martineau’s English version translated back to French. Period of Illness and Impact on Her Work Between 1839 and 1845, Martineau became housebound due to a uterine tumor. She moved out of London to a more peaceful location for the duration of her illness. She continued to write extensively during this time but due to her recent experiences shifted her focus to medical topics. She published Life in the Sickroom, which challenged the domination/submission relationship between doctors and their patients—and was viciously criticized by the medical establishment for doing so. Travels in North Africa and the Middle East In 1846, her health restored, Martineau embarked on a tour of Egypt, Palestine, and Syria. She focused her analytic lens on religious ideas and customs and observed that religious doctrine was increasingly vague as it evolved. This led her to conclude, in her written work based on this trip—Eastern Life, Present and Past—that humanity was evolving toward atheism, which she framed as rational, positivist progress. The atheistic nature of her later writing, as well as her advocacy for mesmerism, which she believed cured her tumor and the other ailments she had suffered, caused deep divisions between her and some of her friends. Later Years and Death In her later years, Martineau contributed to the Daily News and the radical leftist Westminster Review. She remained politically active, advocating for women’s rights during the 1850s and 60s. She supported the Married Women’s Property Bill, the licensing of prostitution and legal regulation of customers, and women’s suffrage. She died in 1876 near Ambleside, Westmorland, in England, and her autobiography was published posthumously in 1877. Martineaus Legacy Martineau’s sweeping contributions to social thought are more often than not overlooked within the canon of classical sociological theory, though her work was widely lauded in its day, and preceded that of  Ãƒâ€°mile Durkheim  and  Max Weber. Founded in 1994 by Unitarians in Norwich and with support from Manchester College, Oxford, The Martineau Society in England holds an annual conference in her honor. Much of her written work is in the public domain and available for free at the Online Library of Liberty, and many of her letters are available  to the public via the British National Archives. Selected Bibliography Illustrations of Taxation, 5 volumes, published by Charles Fox, 1832-4Illustrations of Political Economy, 9 volumes, published by Charles Fox, 1832-4Society in America, 3 volumes, Saunders and Otley, 1837Retrospect of Western Travel, Saunders and Otley, 1838How to Observe Morals and Manners, Charles Knights and Co., 1838Deerbrook, London, 1839Life in the Sickroom, 1844Eastern Life, Present and Past, 3 volumes, Edward Moxon, 1848Household Education, 1848The Positive Philosophy of Auguste Comte, 2 volumes, 1853Harriet Martineau’s Autobiography, 2 volumes, posthumous publication, 1877

The Aging Process And Key Diseases Associated With Aging

This paper will discuss the relationship between the aging process and key diseases associated with aging. Examples of aging-associated diseases include cancer, diabetes, cardiovascular disease, and neurodegenerative diseases (Là ³pez-Otà ­n, Blasco, Partridge, Serrano, Kroemer, 2013, p. 1194). Of these, we will discuss in-depth recent studies that have linked aging with Alzheimer’s disease, cardiovascular disease, and diabetes. These diseases affect a significant proportion of the population over the age of 65 and place a considerable burden on the American health care system. Therefore, a better understanding of how they are related to aging and each other can result in the adoption of innovative treatments and declined risk for older adults. In order to better understand aging-associated diseases, it is first necessary to define what aging is. Aging is a complex, multifactorial process of harmful mutations in cells and tissues that are accumulated over time and result in an increased risk of disease and, eventually, death (Tosato, Zamboni, Ferrini, Cesari, 2007, p. 401). Contrary to the belief that aging can be cured through medical advances, it is scientifically accepted that, while human life expectancy has increased, the human life span has remained largely unchanged for the past 100,000 years (Tosato et al., p. 401). Therefore, future developments in aging research ought to focus on addressing treatment and prevention of major aging-associated diseases that willShow MoreRelatedHealth Care For Chronically Ill Individuals1447 Words   |  6 Pagesidentify the key factors in healthy aging and longevity. The prohibitive cost of health care for chronically ill individuals makes it important to pursue all avenues of study related to health in an aging population. 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Knowledge Of Use Cases For Different Type †Myassignmenthelp.Com

Question: Discuss About The Knowledge Of Use Cases For Different Type? Answer: Introduction This report provides information about the Use case for a case study. This report aims toward providing the reader with the knowledge of use cases for different type of scenarios. The case study 1 of this report provides the information about the different type of case studies and various type of situations that arise with the case. Some examples have been provided in this report. In the case two of this report provides the description of the total cost of implementing two computers: a Server and a client computer. In addition to this, some information about thebusiness backup storage system has also been provided in this report. UML Use cases Upload Assignment: The students would be able to upload their assignment in the portal. After the assignment is uploaded the system provides various options for the students. They can either the download the uploaded document. They can also comment on the paper that is uploaded. The student would be uploading the assignment in the portal. They would also be able to edit the uploaded document and also they would be able to delete the it if they no longer require it. Delete Subject: Let us consider that the student has uploaded the wrong document and hence the would be require to delete the document that is uploaded online in the system. The student is require to make a lot of changes to the uploaded document, hence they can delete the document form the LMS and upload a fresh document online. Add comment After reading the paper published by some other student on the website the student would be allowed to provides comments on the paper. Let us assume that student likes the paper hence he would be providing a positive comment on the paper. After reading the paper published by some other student on the website the student would be allowed to provide comments on the paper. Assuming that student does not like the paper hence he would be providing a negative comment on the paper. Download Assignment The download option in the system, would help the student to download the required paper of their choice form the website. The download option would also the allow the student to download the paper that are published by the other people that are uploading in the portal. Register for a course The student would be resister online for the courses in the system. The students who are registered in the system would be able to then perform the other actions in the system. The registered student might forget their passwords, hence they would then have to the resent their passwords using the register block in the systems. Receive reports The students would be receiving various type of feedbacks would be receiving the reports Accounting to their document. The students would be appearing in various numbers of tests. Hence they would be able to obtain their reports from the system online. Participate in discussio The students can visits the different type of forums can have very intense discussions with their tutors or trainers.The students can also visit the various type of chat rooms that are present in the systems that would be providing the students of have important discussions on the portal. Course PlanningThe teacher or the trainers would be able to plan the course for the students. They can design an efficient course plan for the students.The trainers can also edit the course plans as they would be able to modify the course plan for the students and would be able to update the course planning for the students.Develop syllabu The trainers would be able to develop the syllabus for the students according to the requirements of the subjects and as well as the students. The trainers would also be updating the syllabus for the students according to the new requirements and the standards set by the different universities. Assign tests The trainers would be able to design tests for the students for checking out the mental ability of the trainees and also the knowledge on the prerequisite knowledge of the students. The trainers would able to assign different tests for the students of the university so that they can assess the learning outcomes for the students. Provide reports The trainers would be able to provide the report of the students for checking out the mental ability of the trainees and also the knowledge on the prerequisite knowledge of the students. The trainers would able to provide results of the tests for the students of the university so that the learning outcomes for the students can be documented in the reports. (Computer components and the Operating System) Cost of Server Machine: According to the minimum hardware requirements the costs of the machine are provided below. Intel Boxed Core i7-6900K Processor (20M Cache, up to 3.70 GHz) FC-LGA14A 3.2 8 BX80671I76900K: $1013 CORSAIR Vengeance LED 32GB (4 x 8GB) DDR4 DRAM 3000MHz (PC4-24000) C15 Memory Kit - White LED (CMU32GX4M4C3000C15): $290 (approx) Gigabyte GT 420 2GB 128-Bit DDR3 PCI Express 2.0 x 16 ATX Video Graphics Cards GV-N420-2GI REV3: $43 (approx) Blueendless 2.5" HDD 100GB Portable External Hard Drive USB Hard Disk Storage Devices Desktop Laptop (Black): $20 (approx) Hence, the total cost of implementation of the system: $1366 (approx) Cost of client Machine: According to the minimum hardware requirements the costs of the machine are provided below. Raspberry Pi Model B 512 MB RAM: $37 (approx) Intel Celeron G3900 Dual-core (2 Core) 2.80 GHz Processor - Socket H4 LGA-1151Retail Pack: $42 (approx) Blueendless 2.5" HDD 100GB Portable External Hard Drive USB Hard Disk Storage Devices Desktop Laptop (Black): $20 (approx) For the server computers the most efficient solution is the implementation of the cloud architecture. The cloud solution provides very efficient backup techniques for the storage of the data on the server. The servers night face the risk of losing data or even they might face the risk of the data getting damaged. Bu the cloud solutions prevent the data from the servers from getting lost. They also provide efficient backup facilities hence, even if the data is lost or is deleted from the servers they can be restored very easily. Conclusion For conclusion it can be said that the report provides the important details about the use case and the computers components for the reader to gain efficient knowledge on the systems. The case study 1 of this report provides the information about the different type of case studies and various type of situations that arise with the case. Some examples have been provided in this report. In the case two of this report provides the description of the total cost of implementing two computers: a Server and a client computer. In addition to this, some information about the backup storage system has also been provided in this report References Amazon.com: Online Shopping for Electronics, Apparel, Computers, Books, DVDs more. (2017).Amazon.com. Retrieved 27 August 2017, from https://www.amazon.com/ref=nav_logo Botelho, R. M., Franco, J. A., Christenson, R. E. (2015, August). System-Level Vibration Testing of Psychology Hardware Components Using Real-Time Hybrid Substructuring. InASME 2015 Noise Control and Acoustics Division Conference at InterNoise 2015(pp. V001T01A015-V001T01A015). American Society of Mechanical Engineers. Keren, O., Polian, I., Tehranipoor, M. M. (2016). Hardware Security (Dagstuhl Seminar 16202). InDagstuhl Reports(Vol. 6, No. 5). Schloss Dagstuhl-Leibniz-Zentrum fuer Informatik. Nogueira, S., Sampaio, A., Mota, A. (2014). Test generation from state based use case models.Formal Aspects of Computing,26(3), 441-490. Oleksowicz, S. A., Burnham, K. J., Southgate, A., McCoy, C., Waite, G., Hardwick, G., ... McMurran, R. (2013). Regenerative braking strategies, vehicle safety and stability control systems: critical use-case proposals.Vehicle System Dynamics,51(5), 684-699. Pezzini, P., Ferrari, M. L., Tucker, D., Traverso, A. (2014, June). Research and Educational Opportunities in Hardware-in-the-Loop Simulation of Advanced Power Systems: An International Perspective. InASME Turbo Expo 2014: Turbine Technical Conference and Exposition(pp. V006T08A006-V006T08A006). American Society of Mechanical Engineers. Raychev, N. (2015). Ensuring a spare quantum traffic.International Journal of Scientific and Engineering Research,6(6), 1355-1359. Szydlo, T., Nawrocki, P., Brzoza-Woch, R., Zielinski, K. (2014, September). Power aware MOM for telemetry-oriented applications using gprs-enabled embedded devices-levee monitoring use case. InComputer Science and Information Systems (FedCSIS), 2014 Federated Conference on(pp. 1059-1064). IEEE. Trefke, J., Rohjans, S., Uslar, M., Lehnhoff, S., Nordstrom, L., Saleem, A. (2013, October). Smart Grid Architecture Model use case management in a large European Smart Grid project. InInnovative Smart Grid Technologies Europe (ISGT EUROPE), 2013 4th IEEE/PES(pp. 1-5). IEEE. Zhang, Z., Barbary, K., Nothaft, F. A., Sparks, E., Zahn, O., Franklin, M. J., ... Perlmutter, S. (2015, October). Scientific computing meets big data technology: An astronomy use case. InBig Data (Big Data), 2015 IEEE International Conference on(pp. 918-927). IEE