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The Perai Free Industrial Zone (Perai FIZ) is a free trade zone within Seberang Perai in the Malaysian state of Penang.Located within the suburb of Perai and 4.7 km (2.9 mi) south of Butterworth, the Perai FIZ was established in 1980 with the aim of becoming a major manufacturing hub for bulk items, leveraging its proximity to the Port of Penang and the railway line that links it to the rest ...
The 1,400-acre (5.7 km 2) Bayan Lepas FIZ was the brainchild of Lim Chong Eu, who served as the Chief Minister of Penang between 1969 and 1990, in response to Penang's economic downturn at the time. [ 9 ] [ 10 ] [ 11 ] George Town , Penang's capital city, had its free port status revoked by the Malaysian federal government in 1969, leading to ...
Location of Malaysia. Malaysia is a federal constitutional monarchy located in Southeast Asia. It is a relatively state-oriented and newly industrialised market economy. [1] [2] The state plays a significant but declining role in guiding economic activity through macroeconomic plans.
In 2017, the construction of the IKEA Batu Kawan store was launched by the Chief Minister of Penang, Lim Guan Eng. [5] Slated for completion by 2019, it is the first IKEA store in northern Malaysia and spans a built-up area of 39,979 m 2 (430,330 sq ft). [5] [23]
The town's tin industry players include Malaysia Smelting Corporation, the world's second largest supplier of tin and a subsidiary of the Singapore-listed Straits Trading Company. [26] Meanwhile, the Port of Penang is the third busiest seaport in Malaysia, handling 1.52 million TEUs of container in 2017. [7]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Bayan Baru was first developed by the Penang Development Corporation (PDC) in 1972, in tandem with the construction of the Bayan Lepas Free Industrial Zone. [1] [2] [4] The creation of the new township was aimed at providing a housing area adjacent to the newly built industries in Bayan Lepas, and erasing social and economic inequalities between the urban and rural inhabitants.
Perai, situated at the estuary of the Perai River, lent its name from the waterway.Upon the acquisition of the area by the British East India Company in 1800, the river was known in Thai as plai (ปลาย), which meant "the end", as it formed the border between British Province Wellesley and the Siamese vassal state of Kedah; the Perai River thus marked the southernmost limit of Siamese ...