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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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Jun 14, 2012
Zuckerberg updated his status
write way to riches
write way to riches › News-Opinion
This is what I posted on MSNBC Newsvine column recently:
SyriaInTurmoil
Like everyone else when it's times to take the plunge, Zuckerberg was man enough to go down on his knee to ask his sweeheart: "Will you marry me?" And then went to say "Yes, I do want to take Miss Priscilla Chan as my wedded loving wife."
That was the normal and right thing to do. His mother mother and his family expect him to; you know, it's the right age for a young man to settle down. They want him to have children, to prosper and be happy.
That's what we all do when we reach that age. All of us; whether we are Facebook CEO or a billionair or not.
Zuckerberg was a lucky man to have landed such a quality fish. I heard he had been going steady with the girl for almost ten years. They had met at Harvard when he had almost nothing except the 'hoodie' on his neck, and yet she stood by him always. Nothing could separate them. Their being together was decided in heaven. Now they just wanted to complete the formality: to be legally man and wife.
This was a day of days for this happy couple: Zuckerberg was just successfully done with Facebook IPO, while Priscilla Chan, or Mrs Mark Zuckerberg graduated from California University, and is now a doctor.
But I digress.
I sometimes wonder, why most men, young and old, after they made it (after they reached the so-called stratosphere, so to speak) and then wanted to settle down, they chose a Chinese bride. What made them do it? It's unknown why Chinese women seemed so irresistable to business tycoons, and whether they are attractive to ordinary men too. But for the likes of Murdoch or Zuckerberg, they would settle only for a Chinese woman (it didn't matter whether she came from Communist China or Chinese-American or overseas Chinese - just Chinese).
So, what makes a Chinese woman so special? Why they have become so ubiquitous and synonymous with...er...successful men? There may be many reasons; let me guess: they make exquisite wivee and life-partners. They are beautiful, intelligent and, most important, loyal.
This is not to say, however, that Chinese brides are the best in the world; and that other women - white, black or hispanic - are inferior. No! I don't mean that. But let's just say, for successful men like Zuckerberg and Murdoch, they had found in their brides (Priscilla Chan, Wendi Deng) what they need and demand in a bride, in their brides.
It's akin, more or less, to choosing or applying for a credit card. Visa or Master cards have come to be known as the prefered cards for merchants as well as shoppers for a reason. They are reliable. So are the Chinese brides.
Busy and successful men don't fool around when it comes to their credit cards. They want cards that they can count on everytime and every where. They don't want to miss their flights, or cannot fly or cannot go to the opera. That's why they choose Visa Or Master cards. And that's why they choose Chinese brides - when it comes to love and family.
So; when the Australian News Corp Empire Supremo, Rupert Murdoch wanted someone to cry on his shoulder, he selected a Chinese woman by the name of Wendi, Wendi Deng. So far he's not regretting his decision.
If we ask Mark Zuckerberg why he chose Priscilla Chan over (may be) thousands of eligible women out there who were eager to say yes to his proposal, I am sure he'd say he chose his wife not because of her big breats or fantastic ass; but because he found everything he wanted in a wife in her and he loved her. And she happened to be Chinese, too....of course.
This article, however, in no way implies that Caucasian, Hispanic, African or other Asian women make horrible wives. They don't.
If some women find my two cents objectionable, I am sorry.
I am not claiming my opinion is the only one that's right. It's just that that's the way things are, or maybe going to be for the foreseeble future, as I see it, when it comes to corporate leaders.
I want to hear from you all. Are you like Murdoch or Zuckerberg, married to Chinese women? I am.
As to why, you may argue, a lot of other tycoons are not dumping their non-Chinese wives in droves, I honestly don't know.
But let me ask this, though: what makes you think they don't want to dump their wives for Chinese brides?
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Zuckerberg became a married man
write way to riches
write way to riches ›
News-Opinion
This is what I posted on MSNBC Newsvine in recent discussion about Mark Zuckerberg
taking the plunge:
SyriaInTurmoil
johnbarker,
I don't think she's thinking about her billions and how to spend them. She looked exactly how she felt, who she really was: herself. Innocent, honest,
trust-worthy. Unswayed, if I may add, by the big fortune that she came into.
Other
girls may jump with joy, speechless with excitement, and non-stop sms her girlfriends to show off. But not this girl. That's why Zuckerberg fell for her. Plain and simple.
I heard they had met at Harvard more than nine years ago, and their
friendship blossomed into love despite what he could show he owned back then was his 'hoodies!' And she was not a Miss Universe either. They probably saw something in each other and liked them.
Excellent choice, Zuckerberg. Congrats to you and your bride.
We thank you so much for your time to visit our site. Please come again.
Mark Zuckerberg updated
write way to riches
write way to riches ›
News-Opinion
This is what I posted on MSNBC Newsvine in recent discussion about Mark Zuckerberg
taking the plunge:
elvis payne,
I agree she didn't appear like a normal, typical bride, one that has
been bowled over by the ralization that she had not only married her college sweetheart
but also snared a husband with a networth of billions. She could be affected by nerves.
Depending on the prenuptial agreement, if any, that Zuckerberg may resort to,which
seemed unlikely, considering they have been a couple for nine years, she had had just
become a very rich women. It probably made her a target of gossips from those jealous of
her fortune.
Yes, she didn't look happy; she may be happy but she didn't show it.
Her face was somewhat downcast though not exactly miserable. Perhaps she was thinking
about the uncalled-for remarks...'damned lucky bitch; don't know what he saw in her, he
should...' she had been hearing for the last few days.
Then again, she was
probably thinking, wishing they were not so rich but just have enough, like they used
to, to enable them to live a good life. She was prepared to spend the rest of her life
with Zuckerberg even if all he could afford was wearing a 'hoodie.'
That's
probably why the Facebook founder chose her over all other other fishes in the
oceans.
A man of his wealth can have any beautiful girl or girls he desires. But
Zuckerberg didn't allow fame and fortune to get to his head. He's a remarkable young man
by any standard.
Have a nice day.