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Economy

Penang fishes for new growth in old waters

Enlightened local government has helped aquafarming evolve as a major new industry in the northern Malaysian state of Penang. (Photo by Shinya Sawai)
Enlightened local government has helped aquafarming evolve as a major new industry in the northern Malaysian state of Penang. (Photo by Shinya Sawai)

PENANG, Malaysia -- Penang, an island-state in northern Malaysia, is fishing around in its surrounding waters for ways to promote growth and diversify its economy.

     After building up a semiconductor industry that contributed to the industrialization of Malaysia in the 1970s, and also developing a significant tourism industry, Penang's latest venture is offshore farming.

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