FREPENCA: A History of Innovative Industrial Support Measures
By Rachel Yeoh
PENANG’S industrialisation started when Bayan Lepas, the “rice bowl” of the island, was turned into a Free Industrial Zone (FIZ) in 1972. This first free-trade zone in Malaysia propelled the manufacturing sector to become the major contributor to Penang’s economy, and it continues to do so today, half a century later.As hundreds of multinational engineering, biotech and semiconductor firms blossomed in Penang, the need to synergise their activities became a serious challenge.In 1979, the Free Trade Zone, Penang, Companies’ Association...
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