Penang is Malaysia's main exporter with over
RM447 billion (US$108.Ninety four billion) in exports in 2023, primarily via the Penang International Airport which
can also be the nation's third busiest in passenger site visitors.
Seberang Perai is Malaysia's third largest city by population. It has
two elements: Penang Island, the place the capital metropolis, George Town, is situated, and Seberang Perai
on the Malay Peninsula. In response, civil societies in George Town mobilised public support to rejuvenate the town. Regardless of its secondary significance
to Singapore, George Town retained its importance as a vital British entrepôt.
The British covertly evacuated Penang's European populace; historian Raymond
Callahan since contended that "the moral collapse of British rule in Southeast Asia got here not at Singapore, but at Penang".
Persistent brain drain, aggravated by federal policies prioritising the expansion of Kuala Lumpur, resulted in Penang shedding its main place
in the nationwide financial system by the 21st century.
Penang's economic system shifted from entrepôt trade to electronics manufacturing and the tertiary sector in the late twentieth
century. Penang's prosperity attracted a cosmopolitan inhabitants comprising Chinese, Malay, Indian, Peranakan, Siamese and migrants of blended European-Asian lineage referred to as "Eurasians", and led to the
event of hitherto rural areas such as Butterworth and Bukit Mertajam.
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