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- Why Penang
- Economic Strength
| Penang’s Value Proposition |
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| The Latest Event |
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Outsourcing Malaysia Event 2010 |
| Free admission with limited seats. For Outsourcing Malaysia Event 2010 registration form, please download. |
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MEDAN FAIR 2010 |
| Borang penyertaan Pekan Raya Sumatera Utara (Medan Fair 2010) Ke-39.download. |
| Publication | investPenang E-Zine |
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- E-Zine March 2010 (PUB)  |
| - E-Zine February 2010 (PDF) |
| - E-Zine Jan 2010 (PDF) |
Economic Strength
The Penang economy recovered from its late 1960s doldrums when export-oriented industrialisation was introduced as a driver for growth. The State’s economy managed to recover from the mid-1980s World Economic Crisis and the 1997-1999 Asian Financial Crisis, achieving fruitful results in growth and prosperity. The State’s economy fares relatively well in the current economic downturn and is expected to turn around soon.
Human capital and excellent infrastructure in Penang are fundamentals for the State’s economic strength. Since the introduction of export-oriented industrialisation, the Penang economy has been predominantly driven by the manufacturing and services sectors. Today, the Penang economy has gone through a paradigm shift from the p-economy to the k-economy, encouraging greater development in higher value added activities.
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