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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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Dec 30, 2011
We should build a temple for former President Bush
What's so intresting about the article, other than the death which everyone had been forcusing on for months, was the writer's praise for President Obama for another job welldone. Another feather on Obama cap, he said, after his success in making the AlQaeda chief Osama Bin Ladin history.
He seemed to be an Obama supporter and couldn't care less whether Obama deserved those accolades or not.
Ah yes, Obama actually claimed credit for the elimination of the number one enemy of the United State of America.
Immediately after the news broke that Osama was dead, the good people at the Navy Seals were instructed to say the right things. That Osama was killed as a result of an operation planned painstakingly by President Obama himself, down to even the last details, according to Navy Seals, of ordering the teams to bring along a spare radar-proof helicopter, just in case something goes wrong and it was a wise decision.
Wait a minute. Am I missing something here? I thought the Navy Seals are supposed to be some slick guys in such operation? Do they need a president who should be better off getting out of the way of the men trained to do the job, to tell them how to do their job? And what about the efforts of men and women who painstakingly pursued Osama for years piecing together bits and bits of information and intelligence they could lay their hands on. It was an ongoing work; it was started from as far back as during President Bush junior's term or possibly even during President Clinton's administration.
But to these two great leaders they didn't have it in them to crave so much accolades to the point of ordering or hinting at the Seals to do the right things.
But to be fair, Obama may not have ordered the Navy Seals to say those words per se, but he showed or made clear he wasn't averse to such praises, it makes no difference.
He wasn't averse to receiving the Nobel Peace Prize, was he?
President Obama sounds like many friends I used hang out with in those days.
During our free time, since we're single, we would go around courting girls. Our hunting grounds included shopping complexes or departmental stores.
Once we spotted a pretty girl (usually a promoter) I would be asked to approach the girl while my friends observed from a distance. Once I got to know the promoter and asked for her name and was about to extend my hand to shake the girl's, my friends also thrust out theirs almost simultaneously.
That's right, they got to know the pretty girl through no efforts of theirs.
Just like president Obama, if you will.
When President Obama decided to withdraw all US forces from Iraq by year end, he was not worried that Iraq could slide back to where it was at the beginning. Although this withdrawal was negotiated and planned during President Bush's time, and Iraq probably had no objection to a force of fifty thousands to be stationed there indefinitely then, President Obama saw it as another feather on his hat. But the Iraqis defied him on the residual force unexpectedly.He knew the Iraqis cannot and should not be allowed to dictate terms, he didn't pursue the matter, though, as it was going to be good for his reelection campaign come 2012.
He now focuses on his reelection to another four years in the Whitehouse.
I digress.
I want to address the issue of former President George W. Bush going after Saddam Husein's hide for having WMD but turned out he didn't. Now look, I don't think the former president meant Saddam had nuclear bombs per se; he meant the man wanted to build them. That's the fact. If not why would the Israeli government wanted to launch air strikes, risking condemnation from the international community?
In fact, there was a nuclear plant called Osirak Sadam ambitously built with French and Italian help until the reactor was reduced to ruins by the Israeli air force in 1981.
Iraq also assembled 12 divisions of armed men, 2,200 tanks and 450 aircraft at its disposal. Coupled with his belligerent behavior Saddam could really be a threat to anyone who crosses him. Kuwait and Iran knew what Saddam was capable of. For the Israeli government, the idea of any Arab state holding nuclear weapons over Israel was intolerable. Although the expert estimates of Iraq capable of making nuclear bombs ranged from two to ten years, Begin then decided it was too risky to wait; what if the calculation was wrong?
So the Israeli air force was ordered to preemptively destroy the reactor. It was believed the attack may have set back Iraq many years, though Saddam might have hidden some diagrams or formulas (backup research breakthroughs some where) which he could fall back on to rebuild his dangerous project with little difficulty since he had the means.
Saddam also boasted of a large stockpile of all kind of chemical weapons (according to him) second only to the United States and the Soviet Union.
Seeing how he used them so successfully against Iraq Kurds and Iran, President George W. Bush decided to take him out. Which he did.
But that's where or when the trouble started for Bush. While he got rid of Saddam he also inevitably got many American soldiers killed in the invasion and the occupation later. This made many people furious, none the least Cindy Sheehan, who couldn't get over the loss of her son (probably the only son).
Her protest against President Bush was persistent, filled with hatred and vengeance. She was relentless until Bush finished his term, second term.
But when President Obama started his own war in Libya with even less reason, Cindy Sheehan considers it's not her fight, perhaps. Of course, no more of her loved ones were involved, in harm's way, as they say.
Cindy Sheehan, if you happen to read this, I want you to go out and protest against Obama's action in Libya. Did you know how many thousands innocent Libyans Obama martyred during the round-the-clock bombing by NATO planes? You're smart, intelligent woman, I know. You can see through Obma's lies. If not, how about google for the joint letters which Obama, Prime Minister David Cameron of Britain and French President Nichalos Sarkozy displayed to the world at their joint press conference? Note: when a reporter asked why the coalition of the willing kept on bombing Qaddafi's troops and armor when the purpose of the no-fly zone was to protect civilians from Qaddafi's planes only, the three leaders resoundingly answered: "Well, we lied!"
Compared to these three leaders former President Bush was a breath of fresh air. We should build a temple for him for what he had done instead of demonizing him.
If not for Bush, Saddam could be alive today and then the scenarios for the Middle East would be far from today.
With Saddam's big army, 2,200 tanks and almost 500 aircraft air force, not to mention his belligerence, the present mayhem can be compared to stampede at a football match.
We should show our gratitude to Bush for doing what he did and stop demonizing him once and for all. He was a great president by any standard; but he was misunderstood. It's never too late for us all to repent and change.
If we don't want to build a temple for him, fine..just stop attacking him.
Here's my poem:
George W. Bush was a hero hold,
Of noble enterprise;
For although no WMD was found,
No smoking gun,
But Twas true;
Osirak was there,
Not an imagination.
(Robert Burns)
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