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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

Where's the pearl? (Chart 12)

Posted by: Kah Seng on Fri, 16 July 2004 17:00:35 (1112 reads)

12. Fewer Potential Jobs For Penang, Less Capital Intensive Per Worker

Penang's approved manufacturing projects (1) will be creating fewer and fewer new employments (green bars) since 1999, and (2) will apply less investment per employment (purple line) since 1999. Remember projects approved in 2003 will probably impact the job markets in 2005-2006.

Potential job creation for projects approved in 2003 (9,890 jobs), in fact, will be near historical low of 1997 (9,736 potential jobs). Both years are at the lowest levels since data were available in 1987, when each year's approved projects were expected to create 10,000-25,000 potential jobs.

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Where's The Pearl? (Intro)

Posted by: Kah Seng on Thu, 13 May 2004 20:46:14 (865 reads)

Introduction: Penang's Problem Is Governance and Politics

The Pearl of Orient? But where's the pearl? If you think this question is unappreciative of Penang, wait till you see the facts. In a series of 13 charts on Penang, we will see general economic decline and a rather bleak outlook.

The first chart highlights Penang's relative poverty in Malaysia. Despite that poverty, Penang has double the national average for private vehicles, which explain why Penang's road and parking spaces are bursting at the seams.

Following a decade-long slump in tourism in Penang, hotels and airport will probably continue to be under-utilized even with a post-SARS rebound. Shrinking approved manufacturing projects, meanwhile, predict bleak outlooks for jobs and Penang's climb up the "value-added ladder".

Read More (122 words) 1 comment

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