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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 27, 2011

This is what I wrote on MSNBC newsvine discussion today

Should NATO be disbanded?


NATO was founded in 1949 - with the aim to forestall the Warsaw Pact rival organization.

After the demise of the USSR and, by extention the Warsaw Pact, it was presumed NATO had lost the reason to continue to exist and therefor should disband. But it didn't.

It's not hard to see why? Though the coldwar was history, the resurgent Russia under Putin had found an appetite to to relive its former glory.
With much of its nuclear arsenal and intercontinental ballaistic missle systems, not mention its research and development for advanced weapons, largely intact, NATO planners and its members decided NATO was still needed. When its rival warsaw Pact closed shop, NATO didn't follow suit; so that's how or why it continues to function, regardless.
It has since broadened its roles from containment of Warsaw Pact forces to being used as the US tool to project American power far and wide.
With spending of more than 70% of the world's total arms and defense spending, NATO is a formidable defense pact.
It has the most modern devastating nuclear weapons; it's led by the US, the world's sole super power, which ironically alone can take on any enemy, big or small, nuclear-armed or not, and wins; it has and can manufacture state-of-the-art fighters and bombers (which it deployed with devastating effect in Libyan air campaign; in short, NATO, in a conventional wars, is unstoppable.
It has in fact become so powerful that it has commanded to the happy people of internet protocol that its name be treated with case sensitiveness; you have to write NATO (all capital letters) or the browsers will correct it for you, see!
But like everything or everyone else, it has its underbelly.Its weakness spot is when fighting terrorism; it can be bombarded or shot at from all sides but cannot fight back effectively.It cannot employ air superiority; it cannot carpet bomb its enemies who mostly lurk among the local population without hitting innocent civilians.
If NATO makes a mistake which is inevitable, like mistakenly killing the 24 Pakistani soldiers, there are prices to pay.
It's still early to speculate what will happen as a result of loss of lives suffered by Pakistan, but if past events are any indications, NATO and the US, especially the US, will have to pay a heavy price.
When a CIA agent shot dead three Pakistanis a few months ago, apparently in self-defense as he's being robbed (or felt being robbed), the whole country took to the streets to protest. The Pakistan government lost no time in closing its borders with Afghanistan, barring hundreds, if not thousands, of trucks transporting supplies to the warfronts in Afghanistan from passing through them.
No amount of apologies could move the Pakistani leaders to reconsider, and that was after only two deaths, not 24!
And just when it has just wound down its air campaign against Libya and celebrated, after successfully disposing of Col. Qaddafi - thereby stamping its mark as the military organization that could subdue any leader or country that dares to challenge it, this had to happen! It forgot one thing, though. Afghanistan or Pakistan is no Libya. The terrain are different. In the desert with sparse population bombing or strafing could be effective; in the porous borders between Afghanistan and Pakistan region, with forest cover, it's different. You can hit with airstrikes but you don't know whom you're hitting.
Despite the advancement in guidance systems, accidents can still happen resulting in loss of lives.
The war against the Taliban must go on; but we still need the Pakistanis to be on our side.
This is the dilemma for NATO.
It had unfortunately brought them down to earth after heady days of easy victory over Libya. It dawned on them that they are not the master of the universe after all.
While they are not yet staring at defeat at the hands of the Talibans, they should face heavens in silent prayer in celestial thanks that they are not, yet. But this fight will sap them, weaken them until they accept defeat. For noone, noone, has ever won in a fight with the Mujahideens. In fact this is the only place where the British got routed. The only blot on the proud name of the colonial GB which ruled most of the world. The Soviet Union - though at its height - was dealth with the same way: routed!
Despite its might and led by the world's only super power with unique capibilities (according to President Obama), NATO could be next - if not by the sheer ferociousness of the Mujahideens, then perhaps by their own weariness.
Do you wish to know more?

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