Search results
Results from the WOW.Com Content Network
The Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) is a free trade zone within George Town in the Malaysian state of Penang.Located adjacent to the Penang International Airport and 12 km (7.5 mi) south of the city centre, it is a high-tech industrial park widely regarded as the Silicon Valley of the East.
Bayan Lepas is a suburb of George Town in the Malaysian state of Penang.Located near the southeastern tip of Penang Island, 15 km (9.3 mi) south of the city centre, it is home to the Penang International Airport, the third busiest airport in Malaysia, as well as one of the oldest free industrial zones in the country.
Bayan Lepas Free Industrial Zone, George Town, Penang; Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor
Penang has a total of 11 industrial parks, with two of them – the Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) and the Perai Free Industrial Zone (Perai FIZ) – designated as free-trade zones. [47] The Bayan Lepas FIZ is regarded as the Silicon Valley of the East, home to more than 300 multinational corporations (MNCs) including 39 ...
As a part of this economic transformation, the Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) was established in 1972. [75] The zone has played a significant role in Penang's economic growth over the decades since.
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer , from celebrity news to compelling human interest stories. This time ...
It has the potential to be a world-class trade destination by leveraging on strong relationships with Sumatra and Thailand. The region's border towns such as Pengkalan Hulu-Betong (of Yala province ), Padang Besar, Bukit Kayu Hitam-Sadao and Durian Burung-Ban Prakop (of Songkhla ) are gateway towns between Malaysia and Thailand that hold ...