ย 

Did you know that FIZ existed after Penang lost its free port status in 1967?

๐˜๐˜ข๐˜ท๐˜ฆ ๐˜บ๐˜ฐ๐˜ถ ๐˜ฏ๐˜ฐ๐˜ต๐˜ช๐˜ค๐˜ฆ๐˜ฅ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜—๐˜ฆ๐˜ฏ๐˜ข๐˜ฏ๐˜จ'๐˜ด ๐˜ค๐˜ถ๐˜ณ๐˜ณ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฉ๐˜ช๐˜ด๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ช๐˜ด ๐˜ข ๐˜ต๐˜ฐ๐˜ต๐˜ข๐˜ญ ๐˜ฅ๐˜ฆ๐˜ฑ๐˜ข๐˜ณ๐˜ต๐˜ถ๐˜ณ๐˜ฆ ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ช๐˜ต๐˜ด ๐˜ด๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฐ๐˜ง ๐˜ฐ๐˜ณ๐˜ช๐˜จ๐˜ช๐˜ฏ? ๐˜›๐˜ฉ๐˜ฆ๐˜ฏ, ๐˜—๐˜ฆ๐˜ฏ๐˜ข๐˜ฏ๐˜จ ๐˜ด๐˜ต๐˜ข๐˜ณ๐˜ต๐˜ฆ๐˜ฅ ๐˜ข๐˜ด ๐˜ข๐˜ฏ ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ข๐˜ญ ๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ฆ๐˜ฑ๐˜ฐ๐˜ต. ๐˜›๐˜ฐ๐˜ฅ๐˜ข๐˜บ, ๐˜—๐˜ฆ๐˜ฏ๐˜ข๐˜ฏ๐˜จ, ๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ๐˜ฏ ๐˜ข๐˜ด ๐˜ต๐˜ฉ๐˜ฆ "๐˜Œ๐˜ฏ๐˜จ๐˜ช๐˜ฏ๐˜ฆ๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜๐˜ฆ๐˜ข๐˜ท๐˜ฆ๐˜ฏ, " ๐˜ข๐˜ต๐˜ต๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ฆ๐˜ฅ ๐˜ต๐˜ฉ๐˜ฐ๐˜ถ๐˜ด๐˜ข๐˜ฏ๐˜ฅ๐˜ด ๐˜ฐ๐˜ง ๐˜Œ๐˜ฏ๐˜จ๐˜ช๐˜ฏ๐˜ฆ๐˜ฆ๐˜ณ๐˜ด ๐˜ง๐˜ญ๐˜ฐ๐˜ฐ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜๐˜ด๐˜ญ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ ๐˜ธ๐˜ช๐˜ต๐˜ฉ๐˜ช๐˜ฏ ๐˜”๐˜ถ๐˜ญ๐˜ต๐˜ช-๐˜•๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜Š๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜ช๐˜ฆ๐˜ด (๐˜”๐˜•๐˜Š๐˜ด).


๐Ÿ“ขPenang Hidden Gems spoke in detail about Penang's Past, Present, and Future in a Facebook Live Stream entitled En Route to Modernization. Head on to https://youtu.be/PmtA3x4h3Hk to watch our video on the topic.


Aerial View of Phase 4 Penang Free Industrial Zone in Bayan Lepas, Penang.


For centuries, the vibrant and busy port attracted traders worldwide and led to the growth of Multi-Culturalism. Thus, when Penang's free port status was revoked in 1967, our livelihood was threatened.


The staggering unemployment rate of 16% and the Per-Capital income dropped 12% below the national wages. Moreover, the 11 Mei 1969 racial riot added salt to injury that may not be likely for Penang to recover. It was indeed a dark moment for Penang.


At this hardest-hit moment, Penang rebound under the leadership of the newly elected Chief Minister, then Tun Doctor Lim Chong Eu. Tun Lim Chong Eu identified the electronics sector as having the best potential to absorb the state's excess semi-skilled workforce.


After years of appealing and proposal finally, the Malaysian federal government enacted the Free Trade Zones Act in 1972 and tax incentives were offered.



The Bayan Lepas FIZ proved successful in attracting MNCs and its creation played a vital role in reversing Penang's economic crisis. Intel, AMD, Hewlett-Packard, Clarion, National Semiconductor, Hitachi, Osram, and Boschโ€”collectively known as the Samurai Eightโ€”were the first MNCs to set up factories within the zone followed by Motorola and Dell. Photo credit: https://www.buletinmutiara.com/innoplex-to-attract-world.../


The thriving Bayan Lepas Free Industrial Zone have evolved from low-skilled manufacturing site to a high-skilled Research and Development (R&D) area. Today, Penang, known as the "Engineering Heaven, " attracted thousands of Engineers flooding into the Island to work within Multi-National Companies (MNCs). Photo credit: http://www.adtectaiping.gov.my/.../92-lawatan-industri-ke...

The Bayan Lepas FIZ proved successful in attracting MNCs and its creation played a vital role in reversing Penang's economic crisis. Intel, AMD, Hewlett-Packard, Clarion, National Semiconductor, Hitachi, Osram, and Boschโ€”collectively known as the Samurai Eightโ€”were the first MNCs to set up factories within the zone followed by Motorola and Dell.


Consequently, the manufacturing sector became one of Penang's largest economic sectors, while the international press has described the zone itself as the "Silicon Valley of the East".


๐‘ณ๐’Š๐’Œ๐’† ๐’๐’–๐’“ ๐’‘๐’๐’”๐’•? ๐‘ฏ๐’†๐’๐’‘ ๐’–๐’” ๐’•๐’ ๐’๐’Š๐’Œ๐’† ๐’‚๐’๐’… ๐’”๐’‰๐’‚๐’“๐’† ๐’•๐’‰๐’Š๐’” ๐’‘๐’๐’”๐’•!โค๏ธโ€๐Ÿ”ฅ


Sources:

[1] https://www.theedgemarkets.com/article/free-port-no-more-burden-penangs-first-cm

[2] https://penangmonthly.com/article.aspx?pageid=2593&name=pdc_making_penang_lead

[3] https://www.penangmonthly.com/article.aspx?pageid=7786&name=penangs_development_still_depends_on_the_pdc

[4] https://www.thestar.com.my/news/nation/2010/11/25/the-man-behind-penangs-economic-transformation/

[5] https://www.bbc.com/news/av/business-42686192

[6] https://www.buletinmutiara.com/innoplex-to-attract-world-class-industrial-players/

[7] https://www.psdc.org.my/about

14 views0 comments

Recent Posts

See All
ย