Showing posts with label Penang. Show all posts
George Town, Penang is the one of the World Best Places to retire....
There are some unexpected global destination to retire, according to the
2014 Retire Overseas Index. Kathleen Peddicord, "Live and Invest
Overseas" author and publisher,George Town Penang, is one of the city as world best places to retire.
Watch the video below:
http://live.wsj.com/video/the-world-best-place-to-retire-is/EB5CE4E0-092D-4679-A1FA-C8A24149AEA8.html
"Located in northwest Malaysia, George Town gets its fair share of rain, particularly in April and October," it says.
One attraction for retirees is the fact that Malaysia has good, affordable and quality medical and dental services.
"Foreigners routinely travel to Malaysia for affordable, quality medical and dental services. There are several hospitals and clinics in and around George Town," the report points out.
As far as the cost of living is concerned, Malaysia ranks third, behind only Thailand and the Philippines, in the Global Retirement Index, in terms of lowest living costs.
But the catchline, which is likely to arouse the interest of US retirees, considering that seniors generally are restrained about their spending, is that "an American couple can get along extremely well on $1,500 a month!"
But a major attraction about George Town, and indeed, about Malaysia is the fact that it has a British colonial flavour.
Over the past decade, Kiplinger says, 19,488 foreigners, including 815 North Americans, "have taken advantage of a programme called Malaysia My Second Home, which offers retirement incentives such as long-term residency status and breaks on car imports and purchases".
But Kiplinger also mentioned the caveats.
"Applicants must meet strict financial requirements. But there is a charm and bustle to George Town, the capital of the Malaysian state of Penang. A Unesco World Heritage site, Malaysia's oldest city is known for its rich history but also for its street food and intriguing architecture.
Watch the video below:
http://live.wsj.com/video/the-world-best-place-to-retire-is/EB5CE4E0-092D-4679-A1FA-C8A24149AEA8.html
Kiplinger picked Penang as the 4th best place to retire abroad 2013
Kiplinger, which has an online publication, in its latest issue, describes the climate of George Town, with a population of about 740,200, as hot and humid."Located in northwest Malaysia, George Town gets its fair share of rain, particularly in April and October," it says.
One attraction for retirees is the fact that Malaysia has good, affordable and quality medical and dental services.
"Foreigners routinely travel to Malaysia for affordable, quality medical and dental services. There are several hospitals and clinics in and around George Town," the report points out.
As far as the cost of living is concerned, Malaysia ranks third, behind only Thailand and the Philippines, in the Global Retirement Index, in terms of lowest living costs.
But the catchline, which is likely to arouse the interest of US retirees, considering that seniors generally are restrained about their spending, is that "an American couple can get along extremely well on $1,500 a month!"
But a major attraction about George Town, and indeed, about Malaysia is the fact that it has a British colonial flavour.
Over the past decade, Kiplinger says, 19,488 foreigners, including 815 North Americans, "have taken advantage of a programme called Malaysia My Second Home, which offers retirement incentives such as long-term residency status and breaks on car imports and purchases".
But Kiplinger also mentioned the caveats.
"Applicants must meet strict financial requirements. But there is a charm and bustle to George Town, the capital of the Malaysian state of Penang. A Unesco World Heritage site, Malaysia's oldest city is known for its rich history but also for its street food and intriguing architecture.
Penang bets on IT-BPO Hub
The RM3.3bil Infor-mation Technology Outsourcing and Business Process Outsourcing (IT-BPO) Hub in Penang will generate some 30,000 high-paying jobs when the project is fully developed in 10 years.
Chief Minister Lim Guan Eng said in the first five years, about 21,000 high-paying jobs would be created.
“The fastest-growing sector in the BPO industry in Malaysia is in banking, financial services and insurance with a 30% market share followed by manufacturing (27%), oil and gas (22%), and others such as retail, logistics, government and telecommunication.
“The outsourcing sector in Malaysia is expected to expand at an average rate of 15% in the next three years in terms of revenue,” he said at the ground-breaking ceremony of the IT-BPO Hub in Bayan Lepas (next to the Penang International Airport) yesterday.
The IT-BPO Hub comprises three components involving a 30ha IT-BPO Park in Bayan Lepas, a planned development of 2.8ha BPO Prime in Bayan Baru and a 9,290sq m of Creative Animation Triggers (CAT) in the George Town heritage enclave.
Lim said he was informed that the outsourcing industry had created about 50,000 new jobs as of June 2013, adding that the Multimedia Development Corp targets the creation of at least 85,000 jobs by 2017 for Malaysia.
BPO services include customer operations, data processing, back office administration, accounting, technical support, transcription, software development, IT consultancy and disaster recovery services.
Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar represented the Prime Minister at the event. He said the global outsourcing market was currently worth US$458bil (RM1.501 trillion) and was expected to reach US$625bil (RM2.048 trillion) by 2017.
“Malaysia’s outsourcing industry worth US$1.7bil (RM5.57bil) in 2012 is projected to grow even faster, doubling in value by 2017. The federal and state governments must work together to ensure the success of the IT-BPO Hub,” he added. - The Star 2/3/14
