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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?

Nov 25, 2011

This is what I wrote on MSNBC newsvine discussion today

American Mao ll

Everything happens for a reason; first, President Obama wished to leave a legacy to future generations to come; second, he copied Mao Tse Tung's disastrous revolution hoping to fix the bugs, only to see his plans go out of control.

Like Mao, Obama thought he would be obeyed by his millions-strong 'Red Gouards.' Like Mao's Red Guards, the Egyptian protesters owe no gratitude or allegiance to anyone; not even Obama, their seeming creator.

Obama was useful to them in the beginning.There's no way they could possibly topple President Hosni Mubarak on their own then; but even the milk has expiry date!

President Obama was really helpful in those days and they were grateful, they were; but that's it! They realise (now) their sense of worth: they're no longer the poors and down-trodden of Egypt; they matter. They want things done according to their whims and fancies. If they don't like a certain high official, they want to see him fired, if not packed to prison too.

Although numerous former leaders or officials from the time of Mubarak rule have been singled out, shamed, prosecuted (or victimized), don't expect these mobs to be satisfied...until they're done ruining everyone's life that they're jealous of.

After counting their gains for months and wasting them, they are back to Tahrir square where it all began.

Although Mubarak was gone, which was what many then wanted so much that they united to make it happen, these mobs are not done yet, not in a million years, in fact. They know what they can do. They have the numbers. They can do as they please, if you will. For now, they will be mighty pleased if the generals or their chief are shown the exit like Mubarak.

Whether any of these generals would face any investigation or prosection they would decide later. The most important thing now is to make them cede power first! And if the generals, including their field marshall, think by agreeing to voluntarily give up power hoping to get into the good book of the protesters or escape prosecution, they will regret to the end. As the cases of fomer president Mubarak and Muammar Qaddafi have shown, once you lose power you lose everything: your rights, possessions or freedoms and, unfortunately for Qaddafi and his sons, lives.

It remains to be seen how President Salleh of Yemen will fare after allegedly securing for himself , family and loyal friends a deal of immunity from prosecution. Some complaints have been voiced by some protesters over the terms which they claimed were too generous. They want Salleh to face the music, as they say. But that won't likely happen as long as the Yemeni president remains a friend of Saudi Arabia. And so far, very much so. When he was seriously wounded recently he was flown to Riyadh and remained there until fully recoverd.

Saudi Arabia turned out to be a king-maker nowadays. What they say goes. Even President Obama needs Saudi Arabia, and will not do anything to displease the Kingdom. When President Obama bowed and kissed King Abdullah's hand, for which he was criticized severely, he didn't do it accidentally.

When Saudi Arabia sent troops to help Bahrain's Sunni minority King crush the Shiite (majority) uprising recently, Obama didn't lift a finger to help the shiites. So the protesters stopped protesting since. So, for the US under President Obama, it's not about human rights, per se. Obama's statement that unless we intervened in Libya to protect civilians the world's conscience would be tainted with Libyans' blod, was a sham, a ploy to get the American people to support his venture in Libya which would bring no benefit whatsoever to the world.

If he really believes in justice, he should extend the same help to the shiites of Bahrain who are the majority of the population but denied their rights by the minority sunnis, he extended to the Egyptian and Libyan protesters. He should support all legitimate protests irrespective of who or who they associate with.

As at present, those in Obama's good book have been left untouched; while President Assad is next (to be deposed).

But before that happens, the man in immediate danger is Field Marshall Tantawi. As the US government started demanding openly for the Egyptian military to give up powers, it won't be long before the trade-mark arm-twisting starts. May be it already did.

What a shame. A debacle. Faux pas. What outrageous. This unscrupulous US government is a blot on US good name for generations to come. They have destroyed and are destroying whatever peace and orders and norms that, while not perfect, have served us fairly well for a long time. For instance, a stable Egypt under Mubarak had been boon for peace between the Israelis and Arabs for decades. Change that and expect mayhems.

When Mubarak fell, people feared the worst. Fortunately, however, the generals stepped in in time to prevent the slide.. If the military is weakened and goes the way of Mubarak, who can step in..this time? The Tahrir square protesters? I doubt (they are a tiny minority of the Egyptian population, if they qualifiy as even that. During the recent referendum they were firmly rejected by the Egyptian voters who voted for the MB, remember? Although a devil also but at least they 're known devils, they must have thought to themselves.

How about Muslim Brotherhood? It will not be easy for them to step in the shoes of Mubarak or the Military Council, as the majority of Egyptians are secular but still possible. If that happens, the man to blame is none other than President Obama. From day one, Obama went out of his way to pave the ways for the Muslim Brotherhood.

If the Muslim Brotherhood goes on to rule Egypt and abolish the peace treaty between Israel and Egypt, peace and transquillity in the Middle East will be destroyed, and so will Obama's dream legacy.

Do you wish to know more?

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