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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 23, 2011

This is what I wrote on MSNBC' Newsvine.com discussion on Syria's Assad warns against military intervention

Who says Obama needs the Syrian people to actually ask for intervention? Obama can announce to the world (fake it) that the Syrian president is planning to slaughter up to seventy thousands Syrian civilians and therefor he has to act to prevent it just like what he predicted (faked it) as many as seventy thousands Eastern Libyans would die in Benghazi and he had no choice but to act to prevent it.

As we all saw, he made good use of his secretary of state Hillary Clinton to threaten the Arab Leaque to not only endorse the no-fly zone but also to be seen as clamoring for it; Susan rice to arm-twist the UN security council to fall in line and vote for it. Apparently the sky is the limit for the current US president.

You all can argue all night but basically the present mayhem sweeping through the Middle East were Obama's very own creations.

The whole of the Middle East, notably the Egyptian president, Col. Qaddafi and the embattled Syrian president, were all the victims of a first-term senator-turned president, who didn't know what he got himself (or the world) into when he traveled to Cairo purportedly to reach out to the Muslim world.

Nobody could explain why would he do such a thing; rushed to Egypt to offer apologies to Muslims worldwide for past misdeeds by the US government.

Why would he worry so much about Muslim sensitivities? Although President Obama stopped short of admitting he agreed with Muslims' contention that it was the Jews or the US government itself who brought down the world trade center, what he said about the US government acting irrationally in going after Muslims for the 9/11 massacre, amounted to as much.

In a stroke, by voting in an unknown and untested senator as president of the sole super power on the planet, the American voters had unwittingly harmed future generations.

Just listen to this: after occupying the highest office of the land, effectively the world, he was awarded the Nobel Peace Prize hands-down without having to lift a finger; he made way for the Muslim Brotherhood (especially in Egypt) to finally be in contention for power in Egypt (you all probably have been hearing about unpleasant things that have been emanating from post-Mubarak Cairo); he left Iran pretty much to its own devices; he just may be waiting for Iran's signal that it's done with its refining of its uranium and that with Obama permitting it's ready to test its first nuclear bomb device or at least, announces it finally qualifies to become a member of the nuclear club, and can detonate the first WMD anytime it deems fit -- before vigorously refocusing on Iran and pretending to take it to task for its nuclear ambitions; pick your choices.

In short, whether you like it or not, Obama was the worst thing that could have happened to America.

And if after all this (snake oil business), the American voters still continue to believe in his change you can believe in, there's nothing anyone can do..except wait to see the destruction of the normal life of our future generations becomes complete!

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