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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?

Sep 11, 2011

What I wrote on Newsvine discussion today

Obama&HisLegacy

littleadv,

Whenever there is an issue about Israel although the level of the issue is not about the issue of Israel stealing Palestinian lands or homes, some people simply can't resist harping on the fact that Israel was created by the United Nation in 1947-48. Meaning - the creation of Israel equals stealing land from the Arabs. It's just convenience. They know the Israeli know they know Israel was established, though with the consent of the world, on lands that had some inhabitants who called themselves Palestinians as they were in Palestine.

When a new country was to be founded in Palestine lands it's common for the local, current population let's call them earlier arrivals, to oppose as they had to share resources like drinking water.

As it happened, the majority of those who protested then were Muslims, Muslim Arabs who had settled down in Palestine from other part of the Middle East. They may have arrived from Africa, for crying out loud.

If, say, a filtering is done to determine the authenticity of the current occupants of Gaza, the West Bank and include those who decided to continue to stay in Israel and are now known as Israeli Arabs, or minority Arabs, including those scattered throughout the Middle East in Lebanon, Jordan and Syria, a new uprising or protests will surely occur. You know why? Because deep down in themselves the Palestinians know they may not pass the test. They know they were there when the Jews descended into Palestine in droves to reclaim their lands they were forced out by the Arab Marauders of Muhammad, but they also know the Jews didn't come out of nowhere to arrive in Palestine; but it benefited them to keep this open secret to themselves and cried wolf until now. Okay, they feigned ignorance or outright lying; don't tell me there wasn't even one Palestinian elder who didn't know some history over the land; who didn't know where he was from. If there was and he was not lying, he would tell his children like his father before him, his grandfather before his father, that there was no such thing as Palestine.

The name Palestine or Philistines was invented by the Roman to despise the Jews. Which means the Jews has more claim to the present Palestine than the Muslims, as the nation of Israel or Jewish Nation existed a thousand years before the word Philistines was coined by the Romans and Muhammad and his marauders came later.

The most important point a presiding judge anywhere will take into consideration as to who inhabited the land irrespective of who came first was the question: was there any organization or a form of government established and run by the Arab Muslims? None. In another word, the present claimers to be the owners of Palestine were/are simply usurpers. As the word Philistines was manufactured, so was the word Palestinians.

As everyone with a respectable knowledge of history know, Muhammad drove out the Jews from their homes because back then the Muslims were stronger; after driving out the Jews did Mohammad and his Marauders established a government in an form? None.Then in 1948 the Jews drove out the weaker Arabs. As history has shown before 1964 there wasn't any significant governing body or a form of government. There were just settlers, Arab settlers from throughout the Middle East who were some how termed as Palestinians due to lucky circumstance.

Back to Toasty McGrath, I advise you to understand. Try to be in his place; he doesn't like Israel not because he doesn't - he has to. His wife or girlfriend may be a Palestinian; or may be he has been done a good turn by the Muslims; it could be anything.

During the height of the flotilla funded by the American Support Palestinians Foundation sailing to or trying to break the Israeli blockade, there was one notable American, white American, official who admitted he joined the flotilla because of obligation and nothing personal against Jews - he's a Palestinian wife!

Do you wish to know more?

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