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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?

Oct 11, 2011

Americans can protest too

This is what I wrote in a discussion on MSNBC Newsvine.com today.

David Rubin Lang

barnyfife, with 14

You sound like a Obama supporter. You conveniently ignore what the people are protesting for. It doesn't matter. They are protesting the sitting government which is a Obama government. It irks you.

But please hold your horse. These people have every right to protest against a government which is in the state of moribund. Yes, moribund. From day one it had stumbled; its promise of change for which it was elected was not delivered because it was confused, inexperienced. It didn't know what it was going to do. It was like groping in the dark. Blunders after blunders were made because they lack the ability to calculate. They wanted to do anything, they would just do it. They couldn't careless what would happen.

Like venturing into Libya. There was no excuse whatsoever for the US to get involve except we can. Qaddafi was accused of firing on his own people was cited as a reason.

Even Hillary Clinton was a pretender at first, but when it was reported - or shall we say speculated - Qaddafi was gaining ground in the fight with the rebels, and that thousands of lives might be lost if he won, she went along with Obama's pitching and bought his snake oil. She was too simple-minded to think for a moment that speculation, and that exactly what it was, in the Obama-controlled media, could be wrong.

She was later seen eating from Obama's hand, like what John McCain and John Kerry had been doing shamelessly.

So much for an exemplary lady who wanted to break the glass ceiling, who thought herself good enough to be president of the United States.

But with such a simple-mindedness displayed which was a debacle for her, her ambition to be president will remain just that, ambition.

In fact she did the right thing - join John McCain and John Kerry not as being leaders capable of giving Obama a run for his money, but being led (that's what they are good for).

What the protesters are protesting is Obama saw fit to attack a country and its leader for no reason, but failed to give priority to Americans' needs and welfare.

He went to war to remove a foreign leader who didn't stand in his way if his intention was to make things better for Americans.

As he turned out, he couldn't care less about Americans. He paid more attention to the suffering of Eastern Libyans who has been violent against Americans (soldiers)in Iraq and Afghanistan. What happened to his promise of change you can believe in?

At first, people thought why not? Why not give a blackman a chance and see what he could do as president. It was the worst decision the American people ever made. It was a disaster. It was moribund. That's why the people are protesting.

Some people (Obama's supporters) try to hijact the protest to turn it into a protest against imagined blunders of the Republicans. People like Brenda here. Nice try, Brenda. I know you actually regretted allowing, if not helping, Obama to be elected president, but chose to make a success of Obama if possible to prove you standby your decision, come what may.

Brenda, you sound like Hillary Clinton who stood by her man no matter what (Does Monica Lewinski ring any bell?).

It remains to be seen if Obama dares to order the police to shoot unarmed protesters.

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