Word: penang
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...Intel, the world's largest semiconductor maker, has manufacturing facilities in both Malaysia and China. Yet so far Intel hasn't used the currency-swap facility Malaysia has in place with China. Much of Intel's internal trade is still transacted in dollars, according to Loo Cheng Cheng, a Penang-based corporate-affairs executive with Intel. According to Citigroup's Chua, companies in South Korea, which was the first to sign a swap facility with China, have so far also declined to utilize it. Indeed, even if it were used, the $26 billion facility could only absorb a fraction...
Every house is idiosyncratic. The most stately is the five-bedroom Colonial House built by Arabian goldsmiths in the 1920s. The sexiest is the two-bedroom Penang House with a wooden bathtub parked in the living room. The most compelling is the richly decorated, century-old Chinese farmhouse overlooking the mountains and Temple Tree's 110-ft. (33.5 m) pool. There are also five "estate rooms," built into a 1940s longhouse from a rubber plantation in Ipoh. It used to house Indian workers, but not, one surmises, in the same style that guests now enjoy...
...1920s Eurasian house that once stood on Penang's York Road is the location of the resort's reception and restaurant. You can also book yoga and culinary classes here (McMurtrie is a great cook and her desserts are legendary). And if you need to escape this leafy idyll for a while, your cat will walk you to reception, where you can charter one of McMurtrie's yachts for a sunset cruise...
...again slapped with a sex charge when a male former aide accused the 61-year-old politician of rape. But on Aug. 26 Malaysia's most charismatic politician completed a stunning political comeback by winning a parliamentary seat in a by-election in his home state of Penang. "It's a signal that the people are ready for change, and that they believe only Anwar can make that change," says Bridget Welsh, a Southeast Asia expert at Johns Hopkins University...
Taking over 31,000 of 47,000 votes in a Penang election, Anwar's resounding win promises to energize his People's Alliance opposition coalition and confirms the politician's appeal cuts across race and religion despite his six-year imprisonment and the sodomy charges he is now facing. It also brings the 61-year-old politician a step closer to a more personal goal: becoming the next prime minister. "Next stop is Putra Jaya," Anwar told the wildly cheering supporters, referring to Malaysia's administrative capital that houses the office of current Prime Minister Abdullah Badawi. "This...