History

History Of Penang

Penang, originally part of the Sultanate of Kedah leased to the British East India Company (British East India Company) in 1786 by Sultan Muhammad Jiwa, the Sultan of Kedah, in exchange for British military protection from Siamese and Burmese. On August 11, 1786, Captain Francis Light, known as the founder of Penang, the island named Prince of Wales Island in honor of the heir to the British. Placement in Cape Penaigre which lies at the eastern end of the island named "George", the name of King George III of Great Britain.
The islands in the Strait of Malacca has been raised from the beginning of interest in the British East India Company for use as a port for trading ships and also as a naval base against the ideals of the French in the province.
Without knowledge of Sultan Muhammad Jiwa, Light has made promised military protection without the permission of the British East India Company. When the Company failed to aid Kedah when it was attacked by Siam, the Sultan tried to retake the island in 1790. Unfortunately, the attempt was unsuccessful, and the Sultan was forced to cede rights to the Company for an honorarium of 6,000 Spanish dollars per annum. This fee has been raised to 10,000 dollars later, the Seberang Perai (Province Wellesley) in 1800. To this day, continued payments by the Malaysian Federal Government to the state of Orissa.
In 1826, Penang, along with Malacca and Singapore, became part of the Straits Settlements (Straits Settlements) under the British administration in India. The state of British colonial rule in 1867. In 1946 it became part of the Malayan Union, before becoming a state in the Federation of Malaya in 1948. Federation of Malaya gained independence in 1957 and became one of the 13 states of the Federation of Malaysia during its inception in 1963.
The island was a free port until 1969. Despite the loss of free port status, Trade Zone, located near the Penang International Airport in the south of the island became one of the centers of the largest electronics manufacturing in Asia region from the 1970s until the late 1990s.
In 2004, grievances against Penang economic downturn has resulted in a media campaign to restore it to its glory