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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?

Aug 17, 2011

Iraq in turmoil

South East Asians are fish of different kettles

This is what I wrote during the discussion on MSNBC's Newsvine.com on the topic of upsurge of bombings in Iraq:

Obama&HisLegacy

CPH-490799

You're right; that's what Washington always wants - to interfere in every nook and corner of the Middle East. This region is, if you will, has always been America's favorite hunting ground. But when it comes to Asia, where the mother of all human rights violations take place every where and every day, the US practices the doctrine of non-interference in the internal affairs of other independent countries to the letter.

When, for example, the Thai government sent in the army to shoot to kill thousnds of red shirt protesters in Bangkok - resulting in hundreds of women and children being killed although the government admitted ony 90 people died from gun-shots - America was mysteriously silent! No warning statements were issued against the Thai authorities. No comments at all. The hiatus was not hard to explain. Washington knows Asians, especially South East Asians, are very fierce people, and therefor it will try to avoid getting involved unnecessarily.

The Thai government would not be so lucky if Thailand was in the Middle East.

The Obama administration knows human rights violations in Asia are many times worse than in the Middle East, and yet President Obama has been extremely cosy with many Asian leaders like they are model or pious leaders for the world to emulate.

Nowadays I want to puke every time I hear about the US warning Syrian or Libyan leaders to stop suppressing their people.

In Libya there were initially just few demonstrators, copycat demonstrators, protesting against Qaddafi. OK make it a few hundreds wee-too protesters, if you will, there was no need to interfvene. If the West never interfered col. Qaddafi would have dealt with the protesters and nipped them in the bud. But the wretched president wanted to emulate Chairman Mao Tse Tung who fourty-five years ago launched his cultural revolution whereby he indoctrinated and unleashed millions of Red Guards to descend into cities, towns and villages to drag innocent men, women and children to public squares to be humiliated and beaten to death. Millions of Chinese died due to this madman.

When President Obama went to make the so-called Cairo speech, he in fact laid the foundation for the political revolution called Arab Spring sweeping through in the Middle East right now.

Believe or not, president Mubarak of Egypt, Col. Qaddafi of Libya, and at this moment President Bashar Al-Assad of Syria - while admittedly weren't angels themselves - were all victims of President Obama's plots.

If the American voters weren't misled by the round-the-clock soundbite dished out over zealously by MSNBC's talk show hosts, to buy Obama's change you can believe in (his snake oil), thousands of innocent Libyans and Syrians who had died would be alive today, not to mention the 600 million per week American tax payers have to foot for the Libyan operation.

When Preident Obama led the American public to believe the US has taken the back seat, he lied.America is still the main player. Just check the facts.

People like to bash former President Bush for lying about WMD in Iraq; but at least there was a reason to go after Saddam Hussein. He invaded Kuwait and destroyed all its oil well, remember? He was, if you will, dangerous to his neighbors. If left to his own devices, nobody could predict what Saddam would be capable of next. Of course, people preferred to ignore this fact in order to bash Bush. Former President Bush actually finished what his father started.

President Bush was breath of fresh air compared to the present president, who intervened in Libya purportedly to repay the Europeans for helping out in Afghanistan. Can you believe that? There was absolutely no reason whatsoever to go after Col. Qaddafi's hide. The former prime minister of Thailand Abijit, who was democratically removed from power recently, was left untouched by the US president (Why not refer Abijit to the International court of justice for ordering the Thai army to shoot to kill unarmed Thais?).

I want to puke every time I ...

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