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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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Oct 9, 2011
Three American hikers released
David Rubin Lang
JS in SD,
I, too, often wonder why American tourists or hikers, or even aid workers, are fond of turning up at a place where Americans are the least welcome - and the last place you would expect to be. Perhaps it's adventure they're after; the adrenaline rush things. For they threw caution to the wind.
They know there are lot places to enjoy pristine air - they could choose Nepal - but then it lacks the combination of pristine environment and danger, that's it if they really were there to enjoy fresh air.
To call them stupid is not proper as they may be working in Iraq and heard about the place along the border which beckoned.
They may even be working for the CIA. CIA rule of conduct is to deny everything; even by doing so they may endanger the lives of the detainees, they stick to their guns.
Personally, I don't find their behavior objectionable. Not at all. They perfectly have the right to do as they please.
As for the expenses for all this, I don't think they planned to get caught, they just weren't lucky. They spent two years in Iranian prison - and I mean Iranian prison - I hadn't seen them whining throughout the ordeal.
A hero? Why not? They said it, didn't they, that they might have made a wrong turn; they didn't intentionally stage the event in order to benefit from it. Nobody, especially an American, in his right mind wants to be detained by Iran authorities.It just happened, and I am sure they regret it too.
But this is nothing new. It happens all the time. Because of the way the US government conducts its business vis-a-vis other countries, American citizens will continue to be plum targets for kidnapping for ransoms.
What the Iranians did was not unexpected; they had been hounded by the US for more than a year over its uranium refining and it pissed them off. When they captured and paraded the three Americans whom they accused of being spies, everything changed. They had been left alone to pursue their nuclear ambition ever since.
We don't know why the US has been keeping silent on Iranian uranium enrichment; as if the Islamic Republic had abandoned its nuclear project like Libya once did. As we all know what the Iranian ambition are, why the world practically left the Iranians to their own devices? Was Col. Qaddafi viewed as more a threat to the world than the Iranian nuclear weapons?
The release of the three American hikers by the Iranian authorities was not surprising (but costly, too). They did that to get off the hook and stay off the hook (for a while more at least). They have been speculated of being able to build a nuclear bomb within a year, sometime ago. It''s a matter of time now before the Iranian nation proudly announces they finally can join the nuclear club!
!#802 - Sun Sep 25, 2011 8:43 PM PDT
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