Economy
For decades, Pahang's main industry centred on tropical timber production, as large forest swatches supported massive production of wood products, which were the state's main export. Yet a decline in mature trees due to intensive harvesting lately has caused a slowdown and the practice of more sustainable forestry.
Fishery products are also a main source of income especially for the communities on the long coastline of the state. Dried and salted fish is a speciality here. Ikan Patin is very popular at Temerloh.
Raub in the central Pahang area was the only profitable gold mining operation in Malaysia but reserves were soon exhausted and the mines were shut down. Recently, newer technology has made extraction profitable again and operations are being carried out once more.
Sungai Lembing in the heyday was a large centre for shaft mining of timah better known as tin. Miners dug underground tunnels to reach the ore and brought it up to the surface by the cartloads for smelting into jongkangs. Now that tin is no longer mined the mines are mostly flooded, Sungai Lembing is a dying town with few prospects except tourism based on its history of mining and trekking up Bukit Panorama.
Industry mostly centres on wood-based products and petrochemical processing. Kuantan Port is the busiest port in the east coast. Comprehensive transportation networks allow for fast transportation of goods throughout the state.
Tourism remains the state's main income earner with large natural resources to entice visitors from Taman Negara's forests, Pulau Tioman and the Genting Highlands.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)