Financial Management Policy and Governance for the Preservation of the UNESCO World Heritage Site in Malaysia as a Tourism Attraction

Authors

  • Mazlan Che Soh Faculty of Administrative Science & Policy Studies, Universiti Teknologi MARA, Shah Alam, Malaysia; Socio-Economic Research Group, Universiti Teknologi MARA, Shah Alam, Malaysia; The Institute of Big Data and Artificial Intelligence, Universiti Teknologi MARA, Shah Alam, Malaysia
  • Memiyanty Abdul Rahim Faculty of Administrative Science & Policy Studies, Universiti Teknologi MARA, Shah Alam, Malaysia; Socio-Economic Research Group, Universiti Teknologi MARA, Shah Alam, Malaysia
  • Azizan Zainuddin Faculty of Administrative Science & Policy Studies, Universiti Teknologi MARA, Shah Alam, Malaysia
  • Agie Nugroho Soegiono Universitas Surabaya, Surabaya, Indonesia

DOI:

https://doi.org/10.21834/e-bpj.v9iSI22.5899

Keywords:

Financial Management, Policy and Governance, UNESCO, World Heritage Site

Abstract

Tourism in developing countries especially in Malaysia faces challenges between economic development and sustainable tourism, especially in promoting heritage assets and sites. A comprehensive policy together with proper governance needs to be revised to tackle this issue. It is necessary to analyze and understand the current policy and propose how the Malaysian government can establish a comprehensive method of managing heritage assets in Malaysia through sustainable UNESCO world heritage tourism. This study urges the proposed benchmarking study on Malaysia”s documentation (to be compared to Indonesia) to assess the adequacy of the policy and governance in preserving the UNESCO world heritage site in Malaysia (Lenggong Valley).

References

Ab. Rahman, S. A., Dura, N., Yusof, M. A., Nakamura, H., & Nong, R. A. (2020). Challenges Of Smart Tourism In Malaysia Eco-Tourism Destinations. Planning Malaysia, 18(14). https://doi.org/10.21837/pm.v18i14.844 DOI: https://doi.org/10.21837/pm.v18i14.844

Bantu Pulihara Bangunan Sejarah. (2017, October 28). Sinar Harian, 39.

Barton, A. D. (2000). Accounting for public heritage facilities–assets or liabilities of the government? Accounting, Auditing & Accountability Journal. DOI: https://doi.org/10.1108/09513570010323434

Basnan, N., Salleh, M. F. M., Ahmad, A., Harun, A. M., & Upawi, I. (2015). Challenges in accounting for heritage assets and the way forward: Towards implementing accrual accounting in Malaysia. Geografia-Malaysian Journal of Society and Space, 11(11)

Bocco, D. (2021). 16 top-rated tourist attractions in Thailand: Planetware. PlanetWare.com. Retrieved December 21, 2021, from https://www.planetware.com/tourist-attractions/thailand-tha.htm

Chia S. (2017) A History of Archaeology in Malaysia. In: Habu J., Lape P., Olsen J. (eds) Handbook of East and Southeast Asian Archaeology. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-6521-2_12 DOI: https://doi.org/10.1007/978-1-4939-6521-2_12

Hassan, N.L., Saad, N., Ahmad, H.A., Salleh, M.S., & Ismail, M.S. (2016). The accounting practices of heritage assets. International Journal of Economics and Financial Issues, 6(S6), 80-83. https://www.econjournals.com

Hynes, C., & Law, M. (2020). 16 top-rated tourist attractions in Indonesia: Planetware. PlanetWare.com. Retrieved December 20, 2021, from https://www.planetware.com/tourist-attractions/indonesia-ina.htm

Kausar, D. R. (2012). Sustainability in the Management of World Cultural Heritage. Visions for Global Tourism Industry - Creating and Sustaining Competitive Strategies. https://doi.org/10.5772/37940 DOI: https://doi.org/10.5772/37940

Kompas.com (2021). Wisata Candi Borobudur Akan Manfaatkan Augmented Reality. Kompas.com. https://travel.kompas.com/read/2021/03/14/130100027/wisata-candi-borobudur-akan-manfaatkan-aplikasi-augmented-reality

Mohamad, J., Ismail, S., & Mohd Nasir, A. R. (2021). The legal requirements of appropriate heritage property valuation method. Planning Malaysia, 19(17). https://doi.org/10.21837/pm.v19i17.999 DOI: https://doi.org/10.21837/pm.v19i17.999

Pradeep Kumar Nair and Toney K. Thomas, “Sustainable Tourism in Malaysia”, Mondes du Tourisme [Online], 8 | 2013, Online since 01 June 2015, connection on 11 April 2022. URL: http://journals.openedition.org/tourisme/88; DOI: https://doi.org/10.4000/tourisme.88 DOI: https://doi.org/10.4000/tourisme.88

Rani, W.N., Tamjes, M.S., & Wahab, M.H. (2018). Governance of heritage conservation: Overview of Malaysian Practice. The Journal of Social Science Research, 6, 847-851. https://doi.org/10.32861/jssr.spi6.847.851 DOI: https://doi.org/10.32861/jssr.spi6.847.851

Rosli, M.H., Kasim, N., & Kamaludin, A. (2020). Heritage assets in Malaysia: Perspectives of Malaysian government agencies. Humanities & Social Sciences Reviews, 8(2), 969-973. https://doi.org/10.18510/hssr.2020.82107 DOI: https://doi.org/10.18510/hssr.2020.82107

Soriya. (2016). Sustainable City Tourism in Developing Countries: The Malaysia Experience. Scienceimpact.mit.edu. https://scienceimpact.mit.edu/sustainable-city-tourism-developing-countries-malaysia-experience

Tamjes, M.S., Rani, W.N., Wahab, M.H., Amat, R.C., & Ismail, S. (2017). Governance of urban heritage- A review on adaptive reuse of heritage buildings. International Conference of Advanced Technology, 51-53.

Throsby, D. (2003). Determining the Value of Cultural Goods: How Much (or How Little) Does Contingent Valuation Tell Us? Journal of Cultural Economics, 27(3/4), 275–285. https://doi.org/10.1023/a:1026353905772 DOI: https://doi.org/10.1023/A:1026353905772

U.S. News (n.d.). Best Countries 2021. Retrieved 10 January 2022, from https://www.usnews.com/media/best-countries/overall-rankings-2021.pdf

UNESCO (n.d.). Malaysia. Retrieved 21 December 2021, from https://whc.unesco.org/en/statesparties/my

UNESCO (n.d.). UNESCO – Malaysia Elements on the Lists of Intangible Cultural Heritage. Retrieved 22 December 2021, from https://ich.unesco.org/en/state/malaysia-MY?info=elements-on-the-lists

Yusoff, M.Y., & Hanafiah, M.G. (2015). National Heritage Act 2005 (Act 645): Evaluation from the perspective of law heritage and enforcement. Jurnal Melayu, 14(2), 202-223

Downloads

Published

2024-08-03

How to Cite

Che Soh, M., Abdul Rahim, M., Zainuddin, A., & Soegiono, A. N. (2024). Financial Management Policy and Governance for the Preservation of the UNESCO World Heritage Site in Malaysia as a Tourism Attraction. Environment-Behaviour Proceedings Journal, 9(SI22), 533–538. https://doi.org/10.21834/e-bpj.v9iSI22.5899

Most read articles by the same author(s)

1 2 > >>