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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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Sep 13, 2011
This is what I posted in my column on MSNBC Newsvine.com today
The Muslim Brotherhood will rule in Libya, Egypt, everywhere including possibly in America, eventually.
Libya will end up a Muslim fundamentalist state ruled through sharia law, as widely feared.At best, it becomes another Egypt.
Much earlier when the battles were even between both sides, many people were concerned we didn't know much about whom we decided to throw our lot behind. We wondered what form of government would rule the country when the rebels achieved total victory? But we didn't have to wait for the final victory to find out; some rebel leaders or commanders have often voiced out their aspirations to rule and be ruled through sharia law, no less no more, even though they have yet to defeat Qaddafi and his loyalist forces.
Even in this report we are discussing, some important former rebel leaders, including the #1 man himself (Abdul Jalil) said Libya's new laws will be sourced from sharia.
I am not one bit surprised by this turn of event. I had often in the past months read about reports of people questioning the wisdom in supporting a group who were AlQaeda fighters who previously fought against our soldiers in Iraq, but many analysts who supported President Obama's election, including Pentagon officials vigorously downplayed that danger, only saying there was no sign of wide-scale infiltration by AlQaeda.
Although these liberal people have been proven wrong, they should not be blamed squarely alone as they apparently couldn't do anything; they had to follow orders. Even Secretary of State Hillary Clinton, who at first balked at the US intervening in Libya, had to toe the line.
Say what you will, but the fact remains this was part of the plan of President Obama (who pledged to atone for the harshness, injustice and unfairness the previous US administrations committed against Muslims).
As everyone knows, when he went to give his speech in Cairo, he saw to it that the Muslim Brotherhood was invited to be among the audience! And Mubarak had to eat humble pie! Not only that, he orchestrated the removal of the Egyptian president who ironically was the only one to stand in their way. Can you believe it, at the height of the uprising by the Tahrir square demonstrators to topple Mubarak, Obama began pushing openly for the Muslim Brotherhood to be included in every consultation, deliberations to forge a new Egypt. That was all the MB needed from President Obama.
The only thing that stands in their way now is the military council that rules Egypt after Mubarak. It will be a matter of time, at least that's what they believe, before they rule Egypt through Sharia.
Meanwhile they behave cautiously, trying to avoid creating the scenarios when people would say, "I told you so." (That won't help their cause).
When the Israeli embassy was stormed, our pathetic western press (through a reporter) claimed to hear from a man who was involved in overrunning the embassy to say the Muslim Brotherhood didn't want to get involved and didn't. "Come on! Did you think this was not their work?! The reporter must be a moron or a liberal! Of course, they must be the ones organizing it as they stand to benefit from it, but used a neat way to do it. Have you heard what they have been saying about Egypt vis-a-vis Israel lately? We call people like them: unseen hands.
I know many liberal people or Obama supporters will slam me; I am sorry, but it has to be done.
However, I don't want people to simply take my words for it; do your own checking. For a start simply type: "Is Obama a Muslim or Muslim sympathizer?"
Do you wish to know more?
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