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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?

Dec 28, 2011

Iraq tottering (on the brink)

Iraq Thought To Have Turned Around After The Surge, Now Looked More And More Unpredictable. On the brink.

Unraveling - which wipes out every gain that has been achieved so far - unless President Obama acts firmly.

With Prime minister Norri al-Maliki becoming more and more difficult to deal with, especially by Washington, his master, if you will, we are looking at a civil war between Sunnis and Shiites.

The Iraqi prime minister has made clear he doesn't want to be anything except prime minister. He even ignored the last general election result which was won by his opponent. And now the straw that may break the camel's back, was he's trying to consolidate his position by appointing his own people to all positions of decision-making, effectively ensuring he remains a puppet master which dictate everyone must dance to his tune, or perishes. We are, to be frank, looking at a new Saddam Hussein! We are now staring at the latest events that engulfs Iraq as disastrous reverses in the war that killed more than 4500 American soldiers and wasted more than a trillion dollars.

However all is not lost ( not yet) if President Obama can do his duty as president and reins in the current Iraq prime minister. Tell him if he wants to head a government fine, but he must reinstate all those he has dismissed because of their political or religious affiliation, and stop purging anymore opponents or those connected with his opponents for good.

Tell him, it's better to be a prime minister of peaceful country, the whole country, rather than be a prime minister of just, say, Baghdad. That, he should not forget his rivals have desires and ambition too; and like him, they will do anything to protect their rights. If he refuses to heed, Obama should look for a new prime minister. Or even threatens to reoccupy Iraq. This would not have happened if Obama carried out his duty as president as he should; he should not have encouraged the Iraqi leader to think he can be a recalcitrant and gets away with it. With the last of US army out of Iraq, it could prove a bit difficult but not impossible. President Obama need never send back in the US Marines, just threaten would be enough. President Obama cannot treat the Iraq occupation as not his problem anymore. Everyone knows it's his fault that Iraq's sliding. During Bush's watch Iraqi leaders were picked by the US government and nobody complained. When a prime minister's time was up, he went quietly without any problem. All were honorable men. In this department former president Bush did shine.Never a word spoken against Bush to the media. As it should be. The US was not just an ally to Iraq but its occupying conqueror, for crying out loud.

If it were China that had spent upwards of a trillion and sacrificed more than four thousands Chinese lives, no way Chinese leaders would permit Iraqi leaders to defy their authority, like Al-Maliki did Obama before he ordered the complete withdrawal of US forces from Iraq (nor would they).

Never before in the history of wars when the occupied, not the occupier, has the final say in their dealings. It was nothing short of a disgrace for President Obama to allow the United States of America, the world's only superpower, to be humiliated by a mere prime minister of a tiny country.

Many people want to know why Obama behaved this way; it doesn't make sense.Granted, that he wanted to keep his campaign promise to withdraw troops from Iraq. The same many people respected that; but nobody expected him to leave Iraq the same way Uncle Sam left Vietnam!

Even in Vietnam, the North Vietnamese gave Nixon administration something of a decent interval before betraying their exit strategy then.

The Obama administration and, by extension, the USA were, by contrast, humiliated.

What a debacle?

What a waste?

This is the result of (I hate to say) the so-called political correctness; or the risk the American voters themselves (were to blame)took for wanting to try something new. To make a difference, people like to call it. Or to prove to the world Americans could permit even a black man, even an obscure one at that, to lead them.

Riding on a slogan of "Change You Can Believe In, a first term, a novice, senator from Illinois managed to trounce both John McCain, a Vietnam war hero, and the former First Lady, Hillary Clinton - a much better candidate - almost effortlessly.You know why? Because Americans wanted to experiment; so bad that they're prepared to not do, or care about, any due diligence over a clearly inexperienced man before voting him into the world's top job.

During the election he cleverly rode on the sentiment of Americans' frustration with the Iraq war and blamed, or shall we say used, President Bush as stepping stones to reach his goal.But for his failure in Iraq, he clearly had no one to blame but himself. Except to turn around and say it's not his war; he didn't start but inherited it, and may be some people continue to buy that.

Do you wish to know more?

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