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Where's the pearl? Conclusion

Posted by: Kah Seng on Sun, 18 July 2004 17:40:38 (1308 reads)

Conclusion: The Only Solution for Penang is Local Election

The previous 13 charts highlighted general stagnation, even a long-term decline inthe outlooks for Penang's income, private vehicle, air transport, tourism, and manufacturing investment. They show that:

  • Penangites are poorer than the national average by 12% [2004 Sep 30 correction: SERI has since corrected this data to show GDP/cap of about 36% above national level. See Chart 1 article]
  • Private vehicles registrations are doubled the density of the country, while taxis are old and rare
  • Air craft movements and passenger arrivals, both indicators of tourism and manufacturing activities, are in a decade-old slump
  • Tourist arrivals: International tourists are down, hotel occupancies are down, Penang increasingly rely on less lucrative domestic tourists
  • Approved projects: Total investments, project size, jobs per project, total potential jobs are all down.
  • Penang's approved manufacturing investments growth was one of the worst in Malaysia during 2000

No way out? There is no solution except political solution.

Read More (159 words) 1 comment

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