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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 10, 2011

London rioting has spread ..

Cameron:"'Culture of fear' won't take over UK streets."

So it has come to that -- the culture of fear, as the result of the seeming incapability of the police to get the mayhem under control as quickly as they possibly could, or shall we say, as everybody would wish.

The rioting was comparable to what once happened in France. Even the French struggled to restore order then; how they placated, which they did, that section of its dissatisfied citizenry who long complained of being marginalized by the mainstream society. Nobody knows what went into the French solution; but whatever it was it was enough (for the the mainly immigrants of its former colonies such as Algeria, for example, or their offspring) to stop rioting).

The Home Secretary Rt Hon Theresa May and the prime minister, David Cameron, may have talked tough (don't we all when we need to show we have the upper hand?), but as everybody can guess their tough statements would remain just that: tough talk; they would unlikely translate into actions unless to go the extra mile to placate the rioters and their agitators. The last thing the UK authorities want is to anger the youths further; they want to be seen as being in charge but at the same time non-confrontational. The UK police acted admirably in that direction, which did not inspire the main citizenry much. This is another sad days for the British people, who could be forgiven for sometimes even fleetingly recalling their glorious past when they controlled almost the entire world.

No doubt lessons learned from recent events in England will be put to good use here.

It will surprise no one if the UK leadership will start to being magnanimous, again; calling for unity and all that; call a four-eye meetings with various community leaders for consultations who will impress on the authorities to ease pressures on the wrong-doers in order purportedly to win them back or in order to not anger them into more rioting, whatever, and then come out to say a few usual reconciliatory words: "We don't agree with what happened for the last one week. We love life here in England, which we will never exchange for anywhere else. We call on those who went astray to return to the right path. We don't side with violence." The rioters could live with such words, as long as they are let off the hook, they are more than prepared to return to normal lives and allow normalcy to return to Britain! And then everybody gets on with their lives. No grudges. We are all British, right?

Wrong!

If this is how things are handled, they will no doubt continue to have more similar (or even worse) things to deal with or sweep under the carpets.

This type of capitulation, as it's increasingly become the norm throughout Europe, will spell doom for the majority of the English people. They now know they cannot look towards their government for guidance and help; the police could not be expected to protect them as they preferred not to be confrontational(perhaps trying to do everything in their power to not light more fuses).

As this is nothing new, to be fair, you can't heap blames on Cameron. He did all he could; he cut short his visit to Italy, remember. He rushed back to show who's in charge, and he's said the right things so far. He labeled the rioting by "those who believed the world owed them something", as "Criminality plain and simple."

Sounds good, so far. But what if someone were to come forward to confront him with the same phrase for what he did to Libyans? Under the pretext to protect civilians (who are effectively a few hundreds Eastern Libyans who have the no-secret history of opposing western Libyans who support Qaddafi, and who once fought against US and British forces in Iraq, Cameron in cahoots with President Obama and President Nicholas Sarkozy daily blanket bomb towns and cities! What if the rioters were more than meet the eyes? What if they unleash their frustrations over the so-called no-fly zone unjustly imposed by the West over Libya? What if, among their many demands, they want David Cameron to work as tirelessly to get NATO to stop NATO onslaught on Libya as he did to get the UN to approve the resolution 1973 (2011) in the first place?

These rioters could just turn out to be fighting for preventing more innocent Libyans dying from the tens of thousands of sorties of blanket bombing round the clock by NATO over Tripoli. And the helpless Libyans do need all the help they can get!

The wording of the resolution, reworded by British diplomats, may mislead or sound reasonable but Germany, Russia, China, Brazil and India opposed it until today. The US through Susan Rice and Secretary of State Hillary Clinton did the utmost arm-twisting to line up support for the no-fly zone, but to no avail (with these big powers).

That meant something.

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