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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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The Free Gazette › News›opinion
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Jul 11, 2011
Arab spring that wasn't
Ironic, isn't it? That now Obama had to tighten, instead of easing, sanctions imposed on Syria purportedly to penalize it for exporting or supporting international terrorism.
The irony was just when the overture by the administration to Syria was to create a wedge in the Iran-Syria relationship started to show some, albeit minor result (President Bashar Al-Assad, while not a friend of Israel, had seen fit to show restrain, if not goodwill, in the relationship between the two country, even after Israel bombed its budding nuclear bomb-making plant and by extension, its nuclear ambition, to smithereens), this had to happen.
Syria which wisely decided not to burn the bridges with the West, was now forced into a corner. To partly join Iran and partly to stay independent would be ideal, and had so far served its interests well, but may not be sustainable now.
With protesters motivated by the ease with which their counterparts in Tunisia and Egypt had earlier disposed of their long time dictators, agitating against him relentlessly, President Bashar Assad needed to emulate his late father to decisively crush the uprising once and for all, or else...
And now that more and more people dared to call for his downfall (a thing unheard of before), more than ever, he'd need Iran's help, Hezbollah's help, and Hamas' help, beside his own army's, to survive. Even Israeli leaders opined that the only way Bashar was going to survive was not through giving concessions (no protesters having won concessions and smelling of victory could ever be satisfied), but through decisive suppression.
So far that is the path that he's going to take.
He's lucky in that he's not viewed by President Obama or his European clique as weak or what Obama ubiquitously described as"doable." No western leaders in their right mind would even think of going to war with Syria. If, in the unlikely event, this happened, President Bashar would win handsdown against the now ranging uprising by his opponents, simply because the Syrian people will come to view him as Syrian hero fighting against foreigners who are non-believers.
If hostilities with Syria breaks out, Damacus has many options to bloody the nose of the West; they could call on Hezbollah and Hamas to create problems for Israel.
With unrestrained weapons and arms supplies through Egypt now, Hamas could really cause trouble for the Jews, who would then assign blame squarely on the Obama administration and NATO for their lack of judgement.
If they consider the actions of Hezbollah or even Hamas as threatening the security of Israel or its people, the Jewish state could ask the Israeli Defense Forces to launch an invasion to reoccupy Gaza and Southern Lebanon to take the fight to its enemies' turfs rather than having to endure shelling from Hezbollah or Hamas. And this time Israel could not be blamed if it resumes its assassination of Arab leaders, including Hassan Nasrallah, like it used to do in the past.
Israel now is much bigger and stronger in technology to do anything it deems fit.
The whole of the Middle East could explode and be engulfed in flame if the Iranians join in the fight against NATO. Hundreds of French Rafale, British Harrier and American F-15s fighters will be shot down with loss of lives and pilots captured. Ripples of anger will explode in America, Canada, England and France.
This set of western leaders will not reelected. The new government that replace theirs will make sure they are investigated and held accountable for their wrong-doing (just like what is happening to former president Gloria Macapagal Arroyo of the Philipines now).
And President Bashar looked good to continue to helm Syria like his father.
Although Bashar and his counterparts in Tunisia and Egypt and Libya and to a lesser extent, Bahrain and Oman, were victims of contagion effect of pro-democracy and universal human rights awakening started by the then newly elected president of the United States, Barrack Hussein Obama, during his famous Cairo speech, they survived because of the defiance by Col. Qaddafi and his army against the combined might of 10 European countries and Canada and the US.
This was only a tiny country they labelled as weak and "doable" and yet they failed to defeat it, what more Syria with a strong and experienced army and modern weapons and planes.
President Bashar needs only to defeat the demonstrators to earn himself an undisputd presidency that he could pass on to his son.
The opposition -- who bank on the West to eventually fight alongside them against President Bashar -- would soon lose the momentum when they realize the West would not do more than symbolic gestures such as imposing sanctions; occasional forays by their ambassadors to instigate the Syrian people towards violence, and soundbite of encouragement from afar to coninue to protest.
The Obama doctrine for the Middle East, or the Arab spring, is on its way to die and will be buried in Syria.
Although they hadn't been in constant consultations, and some may be even not on speaking term, these autocrats had something in common. They had Obama to curse for their predicament.
Any leader whose followers are prone to shout out Allah u Akbar! Allah u Akbar was not and will never be Obama's cup of tea ("doable").If you're not with the Muslim Brotherhood, expect trouble from President Obama. Col. Qaddafi's mistake was to openly condemn Islamic fighters sponsored by AlQaeda or Muslim Brotherhood for helping the Benghazi rebels to fight him. It was all Obama needed to hear.
No, Obama was dithering at the beginning of the uprising in Libya not because he'd any sympathy for Qaddafi, but because he's not sure whom he's taking on. He may be accused of being a weak president, that doesn't mean he's totally helpless. As commander-in-chief of the armed forces of the world's only superpower, what's more, with the unique capabilities he often said, he could defeat anyone -- except the Muslim Brotherhood.
Whether or not President Obama intervenes in Syria will be his decision alone. If he decides to stop dithering and acts to prevent the premature death of his pet doctrine to promote democracy, he however wades into unknown water.
There's no doubt President Bashar Al-Assad intended to stay in power and would do anything to achieve that. As proven against Israeli army in Lebanon, Syrian army will not be a push-over. And it has leverage over and loyalty of Hezbollah to count on, among others. If President Obama could be henpecked by Susan Rice, Samantha Powers and Hillary Clinton again into action in Syria, the American people will likely wake up to another Afghanistan; only for this one Iran will not clandestinely fight America through sabotage like in Iraq, but fight Uncle Sam eyeballs to eyeballs.
The stakes are high. If Syria (I mean the Bashar government) goes down, so does Iran's influence in the Middle East. Lebanon could be next, followed by Hezbollah and its leader Hassan Nasrallah.
This will be just wishful thinking; Iran was and is a proud nation, it has never been stronger, even with one million deaths during the war with Saddam Hussein's Iraq, it was never vanquished. Whatever Saddam threw at them -- mustard gas or other chemical weapons -- Iran stood firm, and it, in the end, prevailed.
The Syrian quagmire, if it ever becomes that, for America it could be its undoing. The billions that would have to be spent, the thousands of men and women in uniforms who'll have to meet an early death, will bring this nation to its knees and its great economy ruined like never before. The end of the American dream, if you will.
That's another wishful thinking. President Obama can be persuaded by many people, including even women who call him boss, to do many things he would normally not do, but for them to try to advise or push him to do anything that in any way jeopardizes his reelection to another four-year term, would be futile.
The increasing clamor for action in Syria, coupled with genuine argument that if in Libya, why not in Syria, could be quite persuasive, "tempting, but No! Someone please call Alejandro instead. I have fund raising to do, campaign forays to plan, and John McCain and Kerry to meet to thank them for their unflinching support, especially the former for his forays into Libya on my behalf. Well done, Senator John McCain, well done."
What a wishful thinking!
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