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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?

May 2, 2012

Who Was Responsible For the Killing of Osama?








Who was responsible for the killing of Osama?








.SyriaInTurmoil
Jim-3113262, I agree with you Obama has been a terrific president. I also concur with you on your score so far: Obama 2, GOP 0.


A caveat, though. It's wrong for the president to take all credit for Osama's killing by the Navy Seals.

Do you know the actual taking out of Osama, while can be considered a major part - or even the conclusive part - was only one of the components of the US' war against AlQaeda's chief, after the World Trade Center bombing.

Even former President Bill Clinton was enraged and ordered a few missiles to be launched against Osama's hiding caves or camps. So it was not Obama alone who wanted Osama buried at sea. And I believe it's at this juncture that the US - I don't mean the Democrats or Republicans, but just the US - that activated, or set up a new kick as intelligence unit, comprising I believe all branches of the entire American armed forces, to track down every intelligence, no matter how insignificant, that could lead to Osama's lair and his down fall.

I have often read about FBI and CIA and other slick agents reporting they were on the promising trails to Osama, and they claimed to have uncovered Osama's contact's contact's contact in Pakistan!

These CIA or FBI's agents had been watching the man for a long time but dared not touch him for fear of scaring him off. They first had to confirm they had the right man. It was confirmed he was Osama's contact alright. Then the second phase started: how to get information from him (the contact) without arousing suspicions. No efforts or the best of the best brains in the American intelligence were spared. Their best break came when the man was observed contacting, or being contacted by, who they believe, Osama. Sometimes they were led on wild goose chases which led no where. But that's exactly what made them believe they were on the right trails. Through disguises, accidental bumpings into the man, may be, they began to zero down on their target.

The Osama contact was selected by Osama for a reason. He was good, at keeping his - or shall we say Osama's - secrets.

But; no matter how high the sqirrel jumps, it will eventually fall onto the ground.

The intelligence community's patience in the end paid off. They got what they painstakingly sought: fool-proof information on Osama, including his hiding place. And the president bravely ordered the slick Navy Seals to complete the mission.

You're right President Obama deserved a lot of credit for this blow against AlQeda.

!#9 - Wed May 2, 2012 3:08 AM EDT
Need to fix anything? You can edit this comment for the next 0:01.
You have 1:26 to save your changes.You're in Easy Mode. If you prefer, you can use XHTML Mode instead.You're in XHTML Mode. If you prefer, you can use Easy Mode instead.(XHTML tags allowed - a,b,blockquote,br,code,dd,dl,dt,del,em,h2,h3,h4,i,ins,li,ol,p,pre,q,strong,ul)
Jim-3113262, I agree with you Obama has been a terrific president. I also concur with on your score so far: Obama 2, GOP 0.
A caveat, though. It's wrong for the president to take all credit for Osama's killing by the Navy Seals.
Do you know the actual taking out of Osama, while can be considered a major part - or even the conclusive part - was only one of the components of the US' war against AlQaeda's chief, after the World Trade Center bombing.
Even former President Bill Clinton was enraged and ordered a few missiles to be launched against Osama's hiding caves or camps. So it was not Obama alone who wanted Osama buried at sea. And I believe it's at this juncture that the US - I don't mean the Democrats or Republicans, but just the US - that activated, or set up a new kick as intelligence unit, comprising I believe all branches of the entire American armed forces, to track down every intelligence, no matter how insignificant, that could lead to Osama's lair and his down fall.
I have often read about FBI and CIA and other slick agents reporting they were on the promising trails to Osama, and they claimed to have uncovered Osama's contact's contact's contact in Pakistan!
These CIA or FBI's agents had been watching the man for a long time but dared not touch him for fear of scaring him off. They first had to confirm they had the right man. It was confirmed he was Osama's contact alright. Then the second phase started: how to get information from him (the contact) without arousing suspicions. No efforts or the best of the best brains in the American intelligence were spared. Their best break came when the man was observed contacting, or being contacted by, who they believe, Osama. Sometimes they were led on wild goose chases which led no where. But that's exactly what made them believe they were on the right trails. Through disguises, accidental bumpings into the man, may be, they began to zero down on their target.
The Osama contact was selected by Osama for a reason. He was good, at keeping his - or shall we say Osama's - secrets.
But; no matter how high the sqirrel jumps, it will eventually fall onto the ground.
The intelligence community's patience in the end paid off. They got what they painstakingly sought: fool-proof information on Osama, including his hiding place. And the president bravely ordered the slick Navy Seals to complete the mission.
You're right President Obama deserved a lot of credit for this blow against AlQeda.
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