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By David Lang

The following stories may fire your imagination, pique your interest. Some say 1MDB is Malaysia's Sovereign Wealth fund; to others they asked what wealth fund when its total capitalization is just One million ringgit? But, then again, if you think you can look down on the pet idea of the Malaysian prime minister, think again. His idea has the potential of turning the now world famous - or shall we say, infamous - 1Malaysia Development Berhad into a giant corporation you can ever imagine - even bigger than Bill Gate's Microsoft! At least, it could be, if the original course is stayed. It was supposed to inspire Malaysians to think big besides advance growth, according to its slogans screaming out of giant bill boards throughout the country. 'Backed' by the finance ministry who owns it - which means money will never be the problem - it can only succeed. But..it didn't. It failed! That's why it may have piqued many people's curiosity. How can a company flush with cash and can borrow any amount (billions) anytime could fail? Well, this may be in line with your thinking. People have seen since its inception - I mean after its name was changed in 1999 from Trengganu Investment Authority (TIA) to the present - it hasn't done any business! I have used present tense deliberately. It hasn't done any business yet. I mean if you are in business you need to make profit or find ways to make profit. Or close shop. Oh, I had heard about their filings of tax returns and hiring of a couple of internationally known auditors to sign off on their balance sheets; but these concerned only the company's borrowings and interests to be paid. Two massive bonds were issued to the tune of $7 billions. To buy up power plants. Again I want to say if you are in business to make money even investing in independent Power Plants, it should be done with the view to making a profit. The decision may be long term or short term, it doesn't matter, it has to make money, or no deal. May be they have done the right thing. Maybe luck was not on their side. Still, the amount is staggering. I didn't know having or managing so much money can be a problem! But many - especially the Malays - have not given up hope yet. Yes, may be the durians are just ripening; may be they need time and may fall soon!




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Malaysia's Vision 2020

By:David Lang

Malaysia is supposed to be on its way to becoming a developed nation, by the year 2020. Will she make it (in less than five years -tick-tuck, tick-tuck)? There is no doubt the year 2020 is coming whether the country is ready or not, and if that will be the only requirement then Malaysia will attain that developed nation status on schedule. There is a question, though, Will Malaysia, or Malaysians, for that matter, be ready for that status as far as their affluence, quality of life's concern? Currently Malaysia's GNI per capita stood at US$10060. According to the World Bank high income economies are those with GNI per capita of US$12,745. And until Malaysians earn much more to be there, the developed nation status may not be achieved even by the year 2020. The futility of declaring a country a high income country when it's not, achieves nothing. May be even counter-productive; it lulls the country into false sense of success and premature celebration. Don't forget China reportedly overtook Japan as the world's second largest economy, but in actual fact China's citizens' ca pita income is a fraction of the incomes of the Japanese who earn $37,000. Chinese incomes range from $13,000. China's gross domestic product, taken as a whole, may beat Japan's, but in term of quality of life, and GNI per capita income, the criteria for a developed nation status, China still has a lot of catching up to do. That's why China still qualifies as recipient of Japan's economic aid meant for developing countries. Comparing with the Chinese per capita domestic product, Malaysia is even worse off. Unless the government bucks up and rushes to create more wealth for its citizens, the Vision 2020 dream may remain just that ..a dream.

Jun 29, 2013

'MCA go home' vs 'Where was DAP 13 years ago?' at Jonker Walk

'MCA go home' vs 'Where was DAP 13 years ago?' at Jonker Walk
What?! Gan qualified his being there as a survey, not to protest? Let alone to lead the protest? Did Mr. Gan Tian Loo realize that the MCA protest carries more weight than DAP protest many times over. The state government, being UMNO-led government, considers the DAP as the opposition working hand-in-hand with PAS and PKR to oust UMNO from power, rescinding the directive on the request from DAP leaders will make the party even more popular. I thought, at first, here come the MCA, finally to do what it's supposed to do. Then the expected  happened. He got cold feet. The reporter who covered the protest reported Gan was suddenly cautious . He was like ..."I'm here to lend my support to..the .. no, wait! I am not here to support the traders - but just to do a quick survey! But I am glad to be standing here with the protesters but reporters, please put it down in black and white I am not, I repeat, am not here as part of the protest. This is the reason the MCA was shunned, I mean has been shunned by the Chinese. They do not represent the Chinese anymore. They cannot get things done anymore unlike in the old days. Gan admitted his meeting with the chief minister was fruitless, but would keep trying. Keep trying for what? He should stop embarrassing the MCA and reducing its credibility further by continuing to beg despite being rebuffed earlier. Again, this proved that the Malaysian Chinese Association has really completely lost its usefulness. If a small matter like Jonker Walk closure was beyond its power then, that 's it.

Jun 22, 2013

Anwar: 505 rally will go on - Nation | The Star Online

Anwar: 505 rally will go on - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Feb 15, 2013

How To Repair Your Own Refrigerator And Save A Bundle





when I received a call the other day (night) from a Miss Lee complaining about her fridge not working (she noticed the temperature inside the fridge was warm comparable to room temperature), I asked her to check if the fridge's power switch was at on or off?

Aug 18, 2011

This is what I wrote on MSNBC' Newsvine.com discussion on Qaddafi's plans to flee?

Qaddafi staring at defeat?

You all are wrong to gloat over the misfortune of Col. Qaddafi. He did us no harm, meant no harm to anybody. He may be staring at defeat but, unlike us, he still could walk tall. He didn't use force (like former president of Syria did) to destroy his enemies.

His army may have fired on the few hundreds demonstrators early on, but that was to be expected of any leaders the world over; they have the right to restore order. The Thai government did far worse than Qaddafi when it sent in the army to shoot to kill women and children, and yet the US or President Obama was silent. Hiatus!

We should not take pride in our victory when that victory was achieved through dubious or unscrupulous means.

Col. Qaddafi could be compared to a feared wrestler in a ring full of opponents all out to do him in. Not only that, one of his hand was tied behind his back!

And before you heap praises on President Obama, who got elected as President of the United States through fraud (he didn't use his capabilities to contrast with his opponents' but instead used dirty tactics to undermine and win), listen to this: you all who praised Obama for getting Osama, Libya and Syria are simple people; your minds are limited to being just that: simple. You believe whatever you're told. Just imagine you applauded President Obama for prevailing over Col. Qaddafi. Your posts make me want to puke. You all had the audacity to opine that President Obama must have made a right decision for for bringing the Libyan strongman to his knees. It's still too early to say what US officials said about the Col. planning to flee Libya and go into exile in Tunisia was true or false, but even if it was true I don's think he's anything to be ashamed of; he was pummeled from the top, bottom and all sides round the clock, remember? Libya was attacked by ten NATO countries -- even one of which is stronger than tiny Libya -- you hear, and you all praised Obama for a job well-done?

As for getting Osama, even if it was not Obama who was president when the AlQaeda leader was killed, the killing would be done anyway. It just happened during Obama's watch. But I wouldn't be surprised for him to demand the Navy Seals say it was Obama who planned everything, not the CIA, FBI or our intelligence agencies, who had been at it for years, even, in fact, since Bush's presidency.

Let's wait and see if President Obama finds Syrian president's case as 'doable' as Libya's Qaddafi. Let's see if he goes on to lead another coalition of the willing to establish a no-fly zone and make mince-meat of the Syrian army. Let's see if he cowardly makes use of Saudi Arabia - the sworn enemy of Iran and, by extension, Syria - to weaken President Bashar (just like how he employed MSNBC talk show hosts and other analysts to do Hillary Clinton, John McCain and Sarah Palin in during the 2008 presidential election). And let's wait for when Iran finally comes out with a claim that, finally, it has the qualification to join the nuclear club (after, of course, having been left alone to pursue to fruition its ambition by none other than Obama himself).

May be this is part of the plan by President Obama; draws attention away from Iran's nuclear works and, once Iran informs him that they are done refining and all, Obama turns around and resumes negotiation or quarreling with Iran over its nuclear ambitions.

Thus a win-win situation for both sides; Iran achieves its ambition of mastering nuclear technology, could make a nuclear bomb anytime it wishes, while President Obama doesn't get blamed for allowing Iran a free hand!

If you all who buys Obama's snake oil whether it does any good or not, think you all know Obama you are all wrong.

Until today he steadfastly refused to reveal his college records although many doubted his education and rightly demanded to see proof. I have no doubt he will one day reveal his education records after he's done getting everything or every body in order -- just like how he revealed his long form birth certificate!

Remember how he managed to publish his first book? Everybody knew he's author of only the second book which reflected his true ability (education).

Go ahead, if you will, continue to heap praises on President Obama, a first-term senator who made it,whose only talent was to fool people; people like many writers posting on this discussion.

Well-done! Keep up the good work!

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