AFLOAT AND AGILE: Its Broad Base Bodes Well for Penang’s Economy


While manufacturing remains robust, contributions from other sectors are significant. 

Having an open, export-driven economy means that Penang’s development is directly impacted by world events.

Uncertainties like the new US administration, tensions between oil-exporting countries in the Middle East, elections in Europe and a changing Chinese economy, to name just a few, will affect Penang, and not always in predictable ways. Having an open and diversified economy gives it resilience.

Global Developments

According to the International Monetary Fund’s annual consultation report, the Malaysian economy has done decently well over the past year despite a challenging global economic environment. It is likely to grow 4.5% in 2017, and 4.7% in 2018 on domestic demand development and as exports improve.

To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.

Related Articles

Apr 2015

The Athi Nahappan Report revisited Part 2: Local elections are part of a larger reform agenda

In the second part of our cover story on local elections, we examine what the Athi Nahappan Report further recommends.

Feb 2017

Saving Our Schools

Education is more than exams; it's also about developing skills and ideas required for both the digital economy and students' individual well-being. Why is Malaysia still behind in this?

Oct 2011

Entering New Territory With Open Tenders

It's been more than three years since the open tender system was introduced in Penang. How is it supposed to work, and has it fulfilled its objectives?

Jul 2014

Is the nursing profession in good health?

Nurses play an indispensable role in society, but they are leaving the country by the droves. In spite of this, oddly enough, Malaysia also faces an overabundance of nursing graduates. What then is the state of the local nursing profession?