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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 28, 2011
American Mao
Obama's "Red Guards" unleashed
Many, if not all, leaders the world over would like to leave some sort of legacies behind for the world to admire. But not all legacies are intended or desirable. In 1966 Chairman Mao Tse Tung, worried about being overtaken by events that exploded in Russia, the birth place of communism, and his place in history, launched what he called Proletarian Cultural Revolution purportedly to purge China of bourgeois and reactionary elements, aka his enemies. He turned China upside down when he unleashed his Red Guards in the millions on the people of China. Millions were dragged from their homes and beds to be subjected to humiliation and violence in the streets and public squares. No one was exempted; not even court judges, not even the president of China then, Liu Shaochi, or even the parents of the Red Guards themselves. No report cards were required to warrant prosecution. In another word, all Chinese, men or women or children -- any human beings that moved -- were targeted. It was a tale of humanitarian crisis of epic proportion. And millions of Chinese of all ages, no matter guilty or not, perished.
Exactly forty five years later history is repeating itself. The man who was behind the infamous Cultural Revolution museum, had this to say for anyone thinking of going down the same path as Mao: "There is a Chinese proverb which says you should use history as a mirror." said Peng Qian, the deputy major of Shantou, who was himself a victim of Red Guards' excesses. "The message is that history is a warning to us not to make the same mistake twice (whatever the reasons). Don't emulate Chairman Mao."
Apparently President Obama disagreed, for he launched his own equivalent revolution soon after taking office, with catastrophic effect which would make Mao Tse Tung proud. During the Cairo speech (purportedly to reach out to Muslims or Muslim world), Obama was not only there to atone for the unfair treatment of Muslims by previous administrations, "Because of the 9/11 event, the US became furious and irrational and took actions (against Muslim) which were unjust and unjustified," but to change the political landscape of the Middle East. Like former president George W. Bush, President Obama wanted to promote democracy. But that's where the similarity ends. If Bush worked top down at getting western-allied dictators to allow more freedom, more to participate in the democratic process (which didn't seem to work), Obama chose to work from bottom up, by instigating the youths, men and women in the streets to remove the tyrants altogether. In his speech, Obama didn't mince his words. "Any government that suppresses peaceful protests loses legitimacy to lead and must must go." Applause after applause erupted in the hall of the Islamic University every time he alluded to the current regimes in uncompromising tone (which must have cast a chill over Mubarak, his host, who was present:"Governments should not, must not, use force to stay in power. It's not sustainable nor justifiable." But the clearest yet to what can be viewed as his call to his "Red Guards" to battle stations was when he unabashedly proclaimed right under Mubarak's nose: "You have the universal right to choose your own form of government. The United States of America would standby you in your endeavor." He couldn't be more unambiguous than that. And the fact that President Mubarak sat out (endured) the entire Obama's unbelievable narrative, showed who's a better leader and more deserving to lead. It also showed Mubarak a spent force. If he pulled a stunt like that in Pakistan, which was unlikely, President Asif Ali Zardari would definitely walk out, or switch off the mike and escort Obama from the stage and towards his Air Force One. When Obama said Hosni Mubarak could not continue to lead Egypt, he meant literally. No leader, let alone a strongman, of a country would allow another foreign leader, no matter who they are, to come into his country and incite his people right under his nose to topple him. Emboldened by Mubarak silence, President Obama not only pepped up the demonstrators but went to work to make Mubarak's hold on power unsustainable. The Egyptian army was Mubarak's source of strength; once the Obama administration had managed to convince the generals to ditch him it's all over for Mubarak.
President Obama knew that after the Cairo speech it was a matter of time before his locomotive of change (you can believe in or not) started to roll.. And it did. First President Zine Abadine Ben Ali was sent packing by Tunisian demonstrators aka Obama's "Red Guards'" "Flawless," Obama said to himself after being briefed by his national security team. Next, Egypt's strongman was shown the exit by Egypt's military after the generals (who had trained at West Point and had maintained close relationship with their American counterparts) was persuaded by the Pentagon to disobey their president's orders to suppress the uprising. Again, "Flawless!"said Obama, mimicking Dame Barko in a scene from the movie The Chronicle of Riddick, when the Lord Marshall, the Beast, was fatally wounded by the Furian Riddick, and her husband Lord Barko rushed in to finish off the beast in order to 'keep what you kill.' But Dame Barko uttered "Flawless" too soon, as the Furian beat him to it. In utter frustration, she cried out.."NOoo!" hysterically. So far so good. But something unforeseen could happen to his 'flawless' plan like what happened to Lord Barko and his wife's. But that's just a movie, Obama was sure to say, to pep himself up. Now all he had to do was wait...for another group of me-too youths somewhere to emulate their Egyptian Tahrir square protesters to do some protesting. He didn't have to wait long. Libya was plunged into the abyss when Qaddafi tried to buck the trend, by cracking down on the demonstrators.
President Obama was caught flatfooted and pissed off. "How dare he (Qaddafi) defied me," a visibly outraged Obama cursed, when told by his advisers that the whole shebang of his Pro-democracy Revolution could be in danger of being stopped in its tracks. If Qaddafi wins, or bucks the trend, then it's all over, he was told. Other Arab leaders who have been warily watching the upheavals that had spread through the Middle East, realized they too, could crack down and could get away with it. So began the no-holds-barred vitriol against Qaddafi. "He's a mad man; unfit to govern, lost legitimacy to lead, turned his guns on his own people, master mind behind Pan-Am bombing etc.etc.-- he had to go."
Armed with the knowledge that the US armed forces possess unique capabilities to defeat any country in the world, President Obama, with hatred against Libya's strongman aka his nemesis increasing every day, wasted no time in getting organized. He vowed: "You'll not stop me!"
That said, he ordered his UN representative Susan Rice (Not related to Condoleezza Rice?) to get the UN security council to approve a no-fly zone resolution (so that that he can bomb the hell out of Qaddafi's armed forces without having to have boots on the ground) but to no avail, at first. Without the endorsement from the Arab league there was the danger of Russia or China using their vetoes. So, according to AP or AAP article quote: "Wow, President Obama flew propaganda planes over America and Libya (and may I add? Middle East)." Why the Arab league suddenly decided to support the no-fly zone, I could only speculate. Was there an arm-twisting or quid pro quo involved? I don't know. But I'll say this much: the support seemed more extracted than given as barely 36 hours after the blitz began, Amr Moussa complained over disproportionate use of force by the American-led/funded coalition of the willing or unwilling. Turkey, too, disagreed with the bombing of Qaddafi's ground troops and armor. However, after a hiatus of two days, Obama announced to the American people that the problems had been overcome. This man definitely could overcome problems as he had been doing it all the time.The seemingly ubiquitous non-stop references to the Arab League "support and participation" seemed to indicate that the support wasn't that solid; even secretary of state Hillary Clinton's announcement of more Arab countries agreeing to participate in the enforcement of the no-fly zone, for which she expressed appreciation in advance, didn't materialize.
These are some of the comments from around the globe on the wisdom of Obama's taking side in a civil war under the pretext of protecting civilians?
- JOHAN JAAFFA zulu.jj@hotmail.com, a prominent writer and columnist, quote: "SENDING missiles to pulverize Muammar Qaddafi's army is not the way to rid a despot the West loves to hate. Imposing a no-fly zone is something, but attacking a sovereign nation is another. There is no excuse to do so and the international community should be up in arms to condemn the move."
- The Los Angeles Times, in its article "Obama's nuanced foreign policy evident in Libya vs. Syria," said: The difference in US foreign policy toward them is an example of Obama's general approach to government: seeing policy in shades of gray rather than black and white. A senior administration official confirmed that even milder measures, such as withdrawal of US ambassador, tightening of sanctions or other economic isolation are not being weighed."
- DIPANKAR GUPTA (a Fellow at Nehru's Museum), has opined: "If all it takes for a revolution to happen is a bad report card, why only Egypt. What began with educated unemployed youths, before long began to attract ordinary people and women. As all this happened without a designated leader, it was more than magic: it was a miracle! But wait a minute. While Egypt lacked a leader on the ground, it had one from afar. Without President Obama's constant support the Egyptian revolution would have failed."
- In his article, African American Pundit wrote:" Sounding more like a war monger and like former president George W. Bush, than Nobel Peace Prize Winner, President Obama said of military action in Libya: 'We had to act. The United States intervened in Libya to prevent a slaughter of civilians that will stain the world's conscience and 'been a betrayal of who we are' as Americans'". According to the article, AAP says: "Wow, Obama just flew a propaganda plane over the United States, just like the US has deployed propaganda plane over Libya.
In conclusion, correct me if I'm wrong, I've to say this. President Obama, like other great leaders, wants to leave something behind that will be admired, respected and talked about for generations to come. His actions during the first year of his presidency didn't help his quest to leave a laudable legacy. He was accused of bowing too low to the emperor of Japan, bowed and kissed the hand of King Abdullah of Saudi Arabia, heeded China's demand not to hold joint Naval War Games with South Korea near its maritime border, caved in to Russia's demand to cancel the project of stationing missile sites in Poland and other former Soviet republics or else..,refusing to even admonish Pakistan leaders for closing its border crossings, stranding hundreds of NATO trucks carrying supplies to the war fronts in Afghanistan and making them sitting ducks to the Taliban.To be fair, Obama's behavior so far was actually in consistence with his doctrine of peace not confrontation, for which he won the Nobel Peace Prize, hands down. But what had caused him to change from a peaceful, humble man to a violent warmonger? Was it a desire to emulate Chairman Mao too strong to resist, or was it he had had enough of the insults hurled at him and for uncomplimentary names he had been called (dethering, spineless, junior senator, community organizer, selective (double-standard) foreign policy maker, to name a few)?. Anyone can be forgiven for being furious for being called such names. So, he consulted the happy people at the Pentagon, National Security Advisory Committee, including the generals and Samantha Powers,what he should do. "Crack down,"they replied resoundingly. But, where or whom to crack down on? They can't possibly mean the American people! They are not calling for him to "go." Not yet anyway; not until 2012. So, it was the poor Qaddafi -- the former strongman turned not so strong any more -- who bore the brunt of Obama's flexing of muscles. In China Mao Ze Dung relied on his Red Guards to humiliate, torture, and kill without mercy; in Libya President Obama relied on his "Red Guards" (me-too youths) and what he ubiquitously referred to as US armed forces' unique capabilities, to make Col. Qaddafi "go!"
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