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George Town is also home to 12 international and expatriate schools that offer either British, American or International Baccalaureate syllabuses. [131] [132] [254] In 1969, Universiti Pulau Pinang was established as Malaysia's second university and the first public tertiary institution in George Town.
Over 38% of Penang's expatriates resided within downtown George Town, Paya Terubong and Bayan Lepas. [244] George Town's affordable living costs, natural destinations, health care infrastructure, an established ecosystem of multinational companies (MNCs) and the widespread use of English have been cited as pull factors for expatriates. [245] [246]
These are lists of the world's most expensive cities for expatriate employees (not residents), according to the Mercer, [1] ECA International [2] and Xpatulator.com [3] cost-of-living surveys. Other surveys from online collaborative indices, such as Numbeo, [4] Expatistan, [5] or Eardex [6] are not covered by this article.
ECA International: Cost of Living Survey 2016 Archived 2017-06-10 at the Wayback Machine, Kuala Lumpur ranked 197th out of 262 global cities ECA International : Cost of Living Survey 2017 , Kuala Lumpur , George Town and Johor Bahru ranked 212th, 245th and 250th out of 262 global cities respectively
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
The Port of Penang serves as the main harbour for northwestern Malaysia and southern Thailand. [46] In 2023, it handled more than 1.4 million TEUs of cargo, the third highest of all Malaysian ports. [47] Swettenham Pier, located within downtown George Town, accommodates cruise ships and is one of the main entry points into the city.
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However, Singapore's expulsion from Malaysia almost two years later left George Town once again as the sole city in Malaysia until 1974 when Kuala Lumpur was granted city status. The merger of the George Town City Council with the Penang Island Rural District Council in 1974 sparked a debate over George Town's city status that lasted for decades.