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Article: Powerhouse Penang: Malaysia. (business growth)
- Article from:
- The Economist (US)
- Article date:
- May 22, 1993
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Copyright informationCOPYRIGHT 1993 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PENANG is where Malaysia's past meets its future. Tourists in search of a little colonial nostalgia can still go ballroom dancing in the crumbling grandeur of the Eastern & Oriental Hotel or may chance across an ancient guide book: "To Siam and Malaya in the Duke of Sutherland's Yacht". But tourists are not the only foreigners flocking to Penang. Scores of multinational companies have set up in the industrial parks on either side of the giant bridge that links Penang island to the mainland. Penang has become crucial to Malaysia's move into high-tech manufacturing.
When foreign companies like Intel, a maker of computer chips, arrived in Penang 20 years ago, they ...
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