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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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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

'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.

Jun 22, 2013

Anwar: 505 rally will go on - Nation | The Star Online

Anwar: 505 rally will go on - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Feb 15, 2013

How To Repair Your Own Refrigerator And Save A Bundle





when I received a call the other day (night) from a Miss Lee complaining about her fridge not working (she noticed the temperature inside the fridge was warm comparable to room temperature), I asked her to check if the fridge's power switch was at on or off?

Jul 11, 2011

My contribution to the discussion on the third plane near Camp David on Newsvine today

President Obama has brought disrespect to the office of president of the United States.

Please tell me, anyone, what excuse he had to mount that wanton attack on a country or someone who meant no harm to us?

Oh, I know you all want to argue that Col. Qaddafi ordered his troops to open fire on his people, or that the UN authorized President Obama to do "everything necessary" to protect civilians.

Common..you all could do better than that. Everyone knows (knew) the United Nation was made to authorize...read Susan Rice.

Even the Arab Leaque, without whose blessing no action against Qaddafi would ever take place, could not withstand the arm-twisting by Secretary of State Hillary Clinton.

In no uncertain term she delivered Obama's message that the US would never initiate any action unless and until the Arab League requested so.

But after barely 48 hours later, the Arabs realized they had been tricked (they protested the UN security council resolution only allowed a no-fly zone to ONLY protect civilians -- not toppling of Qaddafi) and they didn't mince their words.

Even Turkey was uncomfortable with what they called mission creep. But Obama was adamant the bombing must go on; he asked his capable secretary of state to make a short work of the Arab League, again, while he took care of Turkey's prime minister, Recep Tayyip Erdogan. All were eating out of Obama's hand in no time. After a hiatus of two days, President Obama issued this statement on the matter: "I want to inform everyone concerned that the problems of objections from Turkey and the Arab League have been overcome."

Clinton even went on to lie about more and more Arab states agreed to join in enforcing the no-fly zone, for which she thanked in advance, but none except Qatar turned up.<./p>

So much for overwhelming Arab support.

In short everything can be manufactured or faked or forced, if necessary. They never had it so good, if you will.

Even President George W. Bush who was accused of lying about Weapons of Mass Destruction in Iraq, would never attack another country or its leader just because a bunch of we-too demonstrators asked him to, or to repay debt to other NATO countries for their sacrifices in Afghanistan with which they had no quarrel.

Hillary Clinton even admitted the US had no quarrel with Libya or Qaddafi but...

The British and, especially the French, had issues with Qaddafi alright.

Before he announced he would sell more oil to China and switch from using French banks to other banks, he was much liked, if not loved, by the Europeans. They, including Hillary Clinton and President Obama, had only good words for Qaddafi. When in Rome he was even allowed much freedom to do as he pleased. He even refused to stay in Hotels or Government Guest Houses, but built and stayed in his own signature tents, where he received Italian girls and enticed them to embrace Islam.

The former prime minister Tun Dr. Mahathir Mohammad was wise in saying: "In this world, especially in politics, there are no permanent friends or enemies."

For President Obama, what a waste! For the record, Col. Qaddafi not only never threatened to harm the American people (even though he was said to be responsible for ordering the downing of Pan-Am Flight 103, which he had agreed to compensate the victims' families and did) he never said bad about America. On the contrary, he cooperated with the US to fight AlQaeda.

Therefore, it was very likely that if he really withdrew his money from French banks he would park in his billions in US banks. President Obama himself knew about Qaddafi's account in the US. He mentioned three hundreds million US dollars, which was a lot of money, which he rushed to seize. You don't need to be rocket-scientist to figure out what Qaddafi would do if something happened, or if nothing happened, to his US300m. To say the least, if President Obama didn't recklessly intervened in Libya siding with a few hundreds people -- who were known to be former veterans back from Afghanistan and Iraq where they fought against US soldiers -- the billions that Qaddafi may bring to park in the US could bring quite a bit of benefit to the American economy.

Oh, I agree that President Obama had dithered before "reluctantly" agreeing to attack Libya due to popular demand.

Yes, that's what President Obama wanted us to believe -- he didn't rush into Libya but was forced by the like of John McCain and Senator John Kerry. It was just like snake oil selling all the way.For your information, Obama 'overcame' John McCain during the presidential election and during the Egyptian uprising.

Then McCain didn't waver in his support of President Hosni Mubarak (whom he fondly referred to as America's friend). Realizing imminent danger to his Arab Spring plans, President Obama went to work on John McCain (like his life depended on it. As I mentioned earlier, President Obama is, has always been, notoriously good at 'overcoming' problems.

He and McCain decided to bury the hatchet rather unexpectedly. I couldn't put a finger on what actually transpired between the two men; but it's enough to transform Senator John McCain, a former Vietnam veteran, who's fit to be president, into a man eating out of Obama's hand.

As everyone knows, Obama rewarded McCain by sending him to do as he was told in eastern Libya.

Again, I would like to quote former prime minister of Malaysia, a world statesman in his own right: "There are no permanent friends or enemies in this world."

Whether McCain and Obama still remain steadfast friends or not, I have no idea. But one thing I am quite sure, though, Obama doesn't need John McCain no more.

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