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Economy Of Penang
The economy of Penang is classified as a World Bank high-income economy, high-income economy and is the fifth largest in Malaysia by gross domestic product (GDP). In 2023, Penang contributed 7.6% of Malaysia’s GDP. The state had a GDP per capita of RM72,586 (US$15,918), the List of Malaysian states by GDP#Gross Domestic Product per capita by state, third highest in the country after Kuala Lumpur and Labuan, surpassing the World Bank’s threshold for high-income economies. Despite being the second smallest Malaysian state by land mass, Penang is one of the country's most developed economic powerhouses. It has a Tertiary sector of the economy, tertiary-based economy primarily driven by services and manufacturing. Penang is known as a popular tourist attraction and has also been dubbed the ''Silicon Valley of the East'' due to its leading role as a destination for foreign direct investment, attracting hundreds of Multinational corporation, multinational corporations. Additionally, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Town, Penang
George Town is the capital of the States and federal territories of Malaysia, Malaysian state of Penang. It is the core city of the George Town Conurbation, Malaysia's List of cities and towns in Malaysia by population#Largest metropolitan areas by population, second largest metropolitan area with a population of 2.84 million and the second largest metropolitan economy in the country. The city proper spans an area of encompassing Penang Island and surrounding islets, and had a population of 794,313 . Classified as a Globalization and World Cities Research Network#Gamma −, "Gamma −" city, the second highest in Malaysia after Kuala Lumpur, George Town is the commercial centre for northern Malaysia and one of the few World Bank high-income economy, high-income economies of the cities outside the Klang Valley. According to Euromonitor International and the Economist Intelligence Unit, George Town has the highest potential for revenue growth among all Malaysian cities and contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MICE Tourism
Meetings, incentives, conferences and exhibitions tourism (MICE tourism) is a type of tourism in which large groups, usually planned well in advance, are brought together. Recently there has been an industry trend toward using the term "meetings industry" to avoid confusion from the acronym. Other industry educators are recommending the use of "events industry" to be an umbrella term for the vast scope of the meeting and events and profession. Most components of MICE are well understood from their names, perhaps with the exception of incentives. Incentive tourism is usually undertaken as a type of employee reward by a company or institution for targets met or exceeded, or a job well done. Unlike the other types of MICE tourism, incentive tourism is usually conducted purely for entertainment, rather than professional or education purposes. MICE events are usually centered on a theme or topic and are aimed at a professional, school, academic or trade organization or other special in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medical Tourism
Medical tourism is the practice of traveling abroad to obtain medical treatment. In the past, this usually referred to those who traveled from less-developed countries to major medical centers in highly developed countries for treatment unavailable at home. However, in recent years it may equally refer to those from developed countries who travel to developing countries for lower-priced medical treatments. With differences between the medical agencies, such as the Food and Drug Administration (FDA) or the European Medicines Agency (EMA), etc., which decide whether a drug is approved in their country or region, or not, the motivation may be also for medical services unavailable or non-licensed in the home country. Medical tourism most often is for surgeries (cosmetic or otherwise) or similar treatments, though people also travel for dental tourism or fertility tourism. People with rare conditions may travel to countries where the treatment is better understood. However, almost a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penang International Airport
Penang International Airport (PIA) is an international airport in George Town, Penang, George Town, the capital city of the States and federal territories of Malaysia, Malaysian state of Penang. The airport is located at the southeastern tip of Penang Island, south of the Central George Town, Penang, city centre, and serves the George Town Conurbation, country's second largest conurbation.WMKP – PENANG INTERNATIONAL AIRPORT at Department of Civil Aviation Malaysia As the main gateway into northwestern Malaysia, PIA is the List of the busiest airports in Malaysia#Aircraft movements, second busiest airport in Malaysia by aircraft movements and recorded over 7.6 million tourist arrivals in 2024. It also handled the second larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian National University
The Australian National University (ANU) is a public university, public research university and member of the Group of Eight (Australian universities), Group of Eight, located in Canberra, the capital of Australia. Its main campus in Acton, Australian Capital Territory, Acton encompasses seven teaching and research colleges, in addition to several national academies and institutes. Established in 1946, ANU is the only university to have been created by the Parliament of Australia. It traces its origins to Canberra University College, which was established in 1929 and was integrated into ANU in 1960. ANU enrols 13,329 undergraduate and 11,021 postgraduate students and employs 4,517 staff. The university's endowment stood at A$1.8 billion as of 2018. ANU counts six List of Nobel laureates, Nobel laureates and 49 Rhodes Scholarship, Rhodes scholars among its List of Australian National University people, faculty and alumni. The university has educated the incumbent Governor-Gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Malaysian States And Municipalities By Exports ...
This is a list of Malaysian states, federal territories and municipalities sorted by their export value. As of 30 October 2021, 1 Malaysian ringgit (symbol: RM, currency code: MYR) is equivalent to 0.24 US dollar or 0.21 Euros. Exports by state and federal territory The following is a list of export values from Malaysian states and federal territories, released by the Department of Statistics Malaysia. Exports by city and municipality The following is a list of export values from the busiest ports of entry in Malaysia, released by the Department of Statistics Malaysia. See also * Economy of Malaysia References {{Malaysia topics GDP States and federal territories of Malaysia Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based in another country. The magnitude and extent of control, therefore, distinguishes it from a foreign portfolio investment or foreign indirect investment. Foreign direct investment includes expanding operations or purchasing a company in the target country. Definitions Broadly, foreign direct investment includes mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans. In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tertiary Sector Of The Economy
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of Service (economics), services instead of Product (business), end products. Services (also known as "Intangible good, intangible goods") include attention, advice, access, experience and affective labour. The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution (economics), distribution and sale of goods from a producer to a consumer, as may happen in wholesaler, wholesaling and retailer, retailing, pest control or financial services. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
