Traditional Culture Encyclopedia - Travel guide - The economic situation of Perak.

The economic situation of Perak.

Perak's economy began to flourish after Taiping Lalu discovered tin. Before the global economic recession, Perak was one of the richest states in Malaysia. 1990 after the closure of the tin industry, the economy of Perak was also seriously affected. The decline in tin prices has led to the closure of tin mining enterprises one by one.

This prompted the Perak government to shift the state's economic blueprint to higher-value production industries. In the mid-1980s, many electronics companies in Taiwan Province Province were attracted to the industrial zones in Siribin and Jalabang. But by that 1990s, most factory had moved to China with low per capita income. Malaysian automobile manufacturer Puteng also set up Baoteng City in Tanjung Malin, becoming the factory with the highest automobile output in Malaysia.

Agriculture is also one of the important industries in Perak, especially rubber, coconut and oil palm. People's discovery of the natural landscape and cultural characteristics of Perak has also made the tourism industry grow rapidly.

The state's perfect infrastructure also makes Perak the first choice for entrepreneurship.