Penang Economic Indicator - Penang Monthly (Page 2)

Penang’s Manufacturing Sector Grows, Despite Some Headwinds

8 min read

Penang’s manufacturing sector has been the backbone of job creation and income generation in Malaysia since the 1970s. Its activities have evolved...

Ong Wooi Leng

Automation is the Future

6 min read

More than 1.4 million new industrial robots will be in factories around the world by 2019. By 2020 this market is projected to exceed US$350mil.1 The industry i...

Low Unemployment in Penang for Now

6 min read

Penang’s labour market is expected to remain buoyant in the second half of 2017. The labour force participation rate moderated to 69% in 2016, up from 69....

Ong Wooi Leng

Penang’s Aquaculture Sector Does Swimmingly Well

6 min read

Malaysia is among the world’s top fish-consuming countries, putting away 56.9kg per year per person.1 Fish contribute about 44% of the total animal-sour...

Ripples from the Sales and Services Tax

11 min read

The historic change of government on May 9, 2018 saw the removal of one of the previous administration’s most unpopular economic policies: the GST. Introd...

Budget 2019: Balancing Fiscal Responsibilities and Economic Growth

4 min read

The 2019 Budget, the first budget under the new government, was tabled by Finance Minister Lim Guan Eng on November 2, 2018 in Parliament.With the theme &ldqu...

The Economy Remains Widely Robust

10 min read

According to the latest World Economic Outlook report published by the International Monetary Fund (IMF), the global economy is expected to remain robust at 3.7...

Penang Strives and Thrives Against Global Macroeconomic Headwinds

8 min read

ACCORDING TO THE latest World Economic Outlook report published by the International Monetary Fund (IMF), global economic growth has slowed from 6% in 2021 to 3...

Rising Inflation and Escalating Cost of Living

5 min read

SUSAN (not her real name) is a home caterer who started her own business after losing her job during the pandemic lockdown. Though business had been good at fir...

Penang Poised to Grow Despite General Uncertainties

6 min read

PENANG’S ECONOMIC RECOVERY is estimated to remain cautiously buoyant, with the reopening of economic activities, continued external demand especially for semico...

Ong Wooi Leng

The Happiness in Penang (HIP) Index 2020-2021

5 min read

MORE OFTEN THAN not, a nation’s state of progress and development is measured by the metrics of gross domestic product (GDP), gross national product (GNP), volu...

The Impact of Covid-19 on Life Insurance

3 min read

THE LIFE INSURANCE industry has changed considerably since the Covid pandemic. Over the past five years, the life insurance penetration rate, a common indicator...