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0 Manufacturing hurtles down a cliff Source: Statistics Department, Malaysia There are three components to our Industrial Production Index — manufacturing, mining and electricity. Manufacturing (see dotted line), the most crucial, appears to be in free fall by December. Manufacturing accounts for 71 per cent of the Index and contributes 28 per cent of GDP. It [...] 0 Oil price hike protest in Ipoh (Source: Unknown; forwarded via email) So Petronas and the Malaysian government says subsidies distort the market. Of course, the withdrawal of subsidies will encourage conservation of a scarce resource – which is a good thing. It might even reduce pollution and congestion. Roads were noticeablly less congested in [...] 0 For the last few days, I have been trying to figure out what exactly this oil “subsidy” is that the government is talking about, which it cannot tahan any longer and so it has to collect more money from the people. What exactly is this “subsidy”? Everyone is talking about it without really knowing what this [...] |
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