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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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!>The DRL Blog > News>Malaysia>opinion
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
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.
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May 14, 2012
Officials worry urinating swimmers may be reason for 500 dead fish
write way to riches
write way to riches ›
News-Opinion
This is what I posted on MSNBC Newsvine today:
Officials worry urinating swimmers may be reason for 500 dead fish
May be the anglers should think of using what they call scarecrows - or, in this
case, scarebathers or bather-scarers - to fool them into staying away from the
lake.
Look, nothing can scare (or kill) and, therefore, deter like piranhas. The
scenes of swarming piranhas stripping all flesh from bathers'legs and thighs right under
their very eyes before they could get away in time can be frightening.
It's inconceivable that people don't know what piranhas can do to them; so if they see signs such as this, they
know what to do:
AND MAY BE BREEDING FAST!
CAUTION: AVOID GOING NEAR OR BATHING IN THE LAKE AT
ALL COSTS!
-- Put up by Good Samaritan.
I hope the bathers know what a piranha is.
Privacy policy of write way to
riches
May 13, 2012
The Chinese reportedly want to send agents to poison the Dalai Lama
write way to riches
write way to riches › News:
the Chinese want to send agents disguised as believers (faked believers) to kill the Dalai Lama.
This what I posted on MSNBC Newsvine today.
SyriaInTurmoil
He must be really in danger for him, a man of kindness and
compassion, to come out with that type of statement.But his Holiness is not worried
about his own safety. He doesn't want to die because he knows it won't be in the
interests of the suffering Tibetans.
If it happens, then they don't only lose
freedom but hope too.
I have Chinese blood running through my veins too, though
not 100%, but I sympathize with the Dalai Lama. Why the Chinese hate him so much? This
is my two cents: revenge! The Chinese government could not forgive him for orchestrating
the 1959 uprising. But at the same time it was the Dalai Lama that brought Tibet into
China though unintentionally through his defeat and exile to India. China used to occupy
Tibet; but grudgingly it behaved as an occupying power, not defacto leader or owner of
the territory.
But after the uprising failed, and Tibet was leaderless for a
while, everything changed: China began to want the Buddhist Kingdom as one of its
territories and that means it must rid Tibet of all traces of its history, language,
culture and customs - everything must be removed (completely) and then announce to the
world that Tibet was Chinese, is Chinese and will be Chinese.
The world (the
manhoodless world which is led by the US government) is even prepared to swallow that, I
mean go along with the falsifying of Chinese ownership of Tibet. Which is akin to saying
MuayThai belonged to China or came from China.
that, the Dalai Lama, the one and only Dalai Lama is still alive, and ubiquitous! Which
pisses off the Chinese rulers. And they (the Chinese government) knows that as long as
the Tibetans continue to receive blessing from him or another Dalai Lama who succeeds
him, China cannot hope to win over their minds completely.
The best they can do is
to deprive them of freedom to practice their religion or to live according to Tibet's
traditional customs and norms. But it will take a lot more to break their minds. But the
chances of the Chinese succeeding is very slim as the Chinese at certain time will have
to answer for their Karma.
His Holiness while not aggressive or violent by nature,
is not a timid man to agree to fade away just to preserve his own life either. He has
shown a remarkable courage in facing up to the endless onslaughts from
the Chinese.
Perhaps being more well-versed about the effect of Karma (those who do good earn merits
and live a healthy and happy life by them, while those who do bad will suffer) than
anyone alive, has made the Holiness believe that those who were cruel to Him and His
people will not last long: their days are numbered. He may be awaiting the day of days
when he will return triumphant to his homeland, and rule again.
Far-fetched?
Far-fetched or not, he doesn't care. He knows everyone will pay for his Karma, whether
that person believes in Buddhist teaching or not. Nobody can escape. It's just a matter
of time. When your time arrives, off you go. You will be taken whether you you've
repented, asked for and received forgiveness, or have changed your way, or not.
This the Dalai Lama knows only too well.And the more His Holiness is confident, the more
insecure becomes the Chinese government. That's why they won't rest until they get rid
the holy monk, or their Karma get them first.
!#9 - Sun May 13, 2012 3:20 AM
EDT
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