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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 6, 2017
An Old Man Like No Other
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News > More Than Ninety Years Old And Still Going Strong! >Almost Everyone Of His Generation Has Long Gone!
By:David Lang
May 28, 2017 Updated Today:May 28, 2017
When People Ask About His Secret For His Longevity, Dr Mahathir Says Eat Less!
I think you have a point there, friend; no doubt about it. checked.
Let me also say this: In all my comments or articles I wrote I often alluded to many writers - Chinese and Malays - who would quickly step forward to take advantage of a situation to offer opinion pieces similar to the one by this Bilahari (we are talking about), whenever there's a controversy which can be seized by these aspiring writers as a key to becoming famous or published writers, if you will. Checked.
All writers everywhere crave the same thing - to get as many articles as possible published in order to establish themselves as credible writers and what better way to do that than writing something about controversial events or famous people people are interested in such as Tun Dr Mahathir Bin Mohamad, to get noticed. Checked.
But writing is a gift few people have and so these people may believe they are the intelligent few who are proud of their knowledge or writing prowess and wish to share. Checked.
For the talented ones once they become well-known as prolific writers of certain genre or field - and after a few of their books ascended the Amazon or The New York Times bestseller lists, riches await! Checked
I guess to enlarge my list to include Indian writers too is timely. Heretofore few Indians have been critical of Tun Dr Mahathir or forthcoming with their views on controversies like writers from other communities. Maybe they like him (as his ancestors also came from India) and maybe they are not opportunist writers. Whatever, but with the emergence of this Bilahari, we can expect to hear more from the Indian community or at least from Bilahari again. Checked.
Their timing was perfect, intended to cause the most possible damage to one side and get into the good book of the other. For instance, when Tun Dr Mahathir started to criticize prime minister Najib Tun Razak for all kinds of misdeeds and mismanagement of the country until Malaysia was saddled with debts of billions, to the extent of calling him to step down, many quarters stepped forward to defend the PM - through writing opinion pieces to discredit Dr Mahathir by saying Dr Mahathir was even worse than or at least as bad as the current prime minister during his time. Checked
There're many such writers around - I like to call them opportunist writers - for they usually comment on controversies involving VIPs and the government which is an unwise subject in Malaysia except if you write in its favor. One such writer I can recall easily was a Yulia Yiaw from the now-defunct The MalaysianInsider, whose article in the above portal not too long ago was very nasty and damning even though most of the facts that she presented were far from the truth, while another was Salleh Keruak of Sabah, who also wrote extensively on Dr M to demonize him for a reason, still does; and they were very effective opinion pieces due to their flawless English. Checked.
And..I doubt that their efforts were ignored or unappreciated by those in whose favor the (opinion) pieces were written. Checked.
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