Baiting a Billion-Ringgit Aquaculture Industry
By Ong Wooi Leng
January 2016 PENANG ECONOMIC OUTLOOK
With sound policies and an established logistics base, Penang is poised to become a huge fish exporter.Asia’s fisheries sector has been thriving since 1980, and the main source of growth has been aquaculture. Since the 1990s, the aquaculture sector has been growing at an annual rate of about 11%, surpassing that of all other agricultural commodities in the region1.And in Penang, aquaculture – the fish farming industry – is envisaged to have the greatest potential for cultivating fish or seafood...
Ong Wooi Leng
heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.
