China – Aug Industrial Production
15/09/2020 10:50 am MYT
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In Aug, industrial production rose by 5.6% year-on-year, the fastest this year (figure 1). Manufacturing output rose by 6.0%, while mining output gained 1.6%. Out of the 41 major industries, 29 posted increases in output, as opposed to 25 in Jul. In the first eight months of 2020, industrial production rose by 0.4% from the corresponding period last year.


Note from Publisher
Now, all eyes are on the Sabah state election to be held on 26 Sep. 447 candidates from 20 parties are standing in the election. Based on the ways each party fielded their candidates, it is apparent that there have been a lot of infightings, be it within the opposition or the incumbent coalition. Notwithstanding its importance (see this week’s KLSE conclusion for more), whatever the election results may be come 26 Sep, Sabah’s political situation will remain unstable. Malaysia has witnessed a collapse in her federal government due to the party-hopping culture of Malaysian politics. Sabah has had a reputation of having many “political frogs”. As a matter of fact, it is these hopping frogs that caused the current snap election.

Over the past few years, party defections have increased in frequency. This is a very unhealthy and disturbing development of Malaysia’s democracy. Not only does it cost a lot of money to hold elections, but politicians switching party after being elected have also made a laughing stock out of the election process. Malaysia needs to seriously review her entire election system so that the “political frogs” cannot hop whenever and wherever they like and in the process destroy the country.
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