Penang’s Finances Staying Strong
6 min read
Since 2008 Penang has experienced fiscal surpluses in its financial account; it achieved as large a sum as RM61.7mil in fiscal surpluses, or 0.1% of Penang’s GDP in 2017.
Making Affordable Housing an Economic Enabler
5 min read
Housing is a basic need. However, the Median Multiple approach developed by Demographia International considers houses in Penang to be unaffordable.
Stable Local Indicators amid Challenging Global Economic Outlook
6 min read
According to the World Bank’s Global Economic Outlook ( June 2019), global growth in 2019 has continued to weaken and is expected to slowly rise to 2.8% in 2021 from 2.6% in 2019.
The Gig Economy Comes to the Rescue of the Retrenched, but at a Cost
6 min read
THE YEAR 2020 saw seismic shifts in the job market structure. Soon after the MCO was announced last March, unemployment rates in Malaysia jumped significantly f...
Desperate Means to Keep B40 Malaysians Afloat in 2021
2 min read
LIVELIHOOD AND INCOME have been severely affected by the Covid-19 pandemic, with workers and employees experiencing reduced hours or worse, lay-offs and retrenc...
A “Wholistic” Treat for the Health-Conscious Tourist
2 min read
The popularity of medical tourism in Penang brings with it demands for post-treatment services, i.e. wellness and spa. That’s a need that Shangri-La’s Rasa Sayang Resort and Spa is fulfilling.
