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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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Aug 2, 2012
Kristen Stewart Blew It
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I envy this Snowwhite and Huntsman's director Rupert Sanders. In fact, I envy all directors. I wish I became a film director soon; so that I could go round Canoodling with my female cast.These directors can be described as the cream of the crop among men.They are admired for their magical touch, sought after by aspiring actors and idolized by female actors who later become smitten. Movie directors can be likened to Thai Buddhist monks. They come as pure, gentle, honest, sincere, peaceful and, among the qualities that turn them into kings or princes of all men. But I still stick to comparing film directors to Thai Buddist monks. It is more apt. Let us see how a monk fare in the game of love we are going to play.
Let us assume you are are in a temple full of monks and people.
One day, a group of pretty girls arrive (never mind from where). The leader of the group is an exquisite girl. Beautiful. Smart. Elegant. A gem. As you would expect, everybody is interestd in this girl. Mind you, among those seeking the pretty girl's hand are no common men either. There are millionaires and princes among them, I presume. But who does our heroin fall for. No prizes for correct answers, but if you choose the young chief monk as your anwers, you are right. The exquisite girl does not fall for the young prince but the young chief monk! I have witnessed many similar scenarios in my life. Unbelievable as it seems but it's true. Iit's unknown why monks (Thai Buddhist monks) are more attractive than laymen.
Movies directors seem to possess similar, mysterious charms of the monks. According to Michael Sanders, the father of the lucky director, it is inevitable for two person working together over a long period to develop feelings for each other. The chemistry was too strong to be swept aside even though you already have a commitment.
For Kristen Stewart, it was a total admiration, idolisation and then love for her movie director. For Sanders, a middle-aged married man, it was an opportunity not be missed. One in a million years. It was one of those things in life that we, men. all dream about, long for; and just like everynone else would, Sanders took it. It is like Thai Buddhist Monk! A beautiful, desirable and smart female devotee comes along and offers herself to him. He takes her.
You know why what happened between Kristen Stewart and Rupert Sanders and between Kristen Stewart and Robert Pattinson, happened? We are human. We have weakness. We make mistakes. Kristen Stewart screwed up, alright. But should we condemn her, call her a heartless person, and make an emotional video crucifying her on social media on the internet? No! It 's none of our business, actually. Kris Stewart can become a hooker she wants to. But at the same I am not defending Stewart or unconcerned for the hurt that Rob Pattinson was going through. I fully sympathized with Pattison when I heard the news.
Still, I would like to adivise him to hesitate in burning his bridges with Stewart. She said she loves (not loved) him, didn't she?
And Stewart, if her apology was sincere, I would advise her to be careful what she does for next few weeks. If she still wants Robert back should do anything that will drive him further away from her. The New Moon star should keep a low profile for a few days. Should not forget the taboid paparazzi are lurking somewhere waiting for another scoop of her indiscretion, again. If she values her boyfriend and wants him back like she claimed she did, she should try to help soothe his pain by not doing anything that can hurt him further while he's licking his wound.
True, he's moved out of their house; but that's because he was hurt, hurt bad, any man in the same position would have done so. But don't worry, he would recover, he could come back (if she wants him to). After all, you have not gone to a church with Sanders, exchanged rings and repeated after the vicar 'I do' yet (Thank God for that). In other words, Robert still has a chance. All's not lost. Just don't do anything stupid. Good luck!
For Pattinson, there is nothing he can do right now, except licks his wound. I know the temptation is to vent his anger on Stewart. Call her names. Make her suffer the same fate. Punish her. My advice is simply: 'Don't.'
While Stewart was unfair for doing what she did to him, he should remember he loved her, and I am sure he still does. That's why, I believe, he moved out from the house he shared with Stewart...he couldn't bear to look at her after what she had done. But most of all, I believe, he moved out to avoid quarrels that will inevitably erupt which will aggravate the situation and drive them further apart until beyond reconciliation. Robert did the right thing under the circumstance. Most of all, he shoud think of the good things and bad things they have gone through together, and last but not least, Kristen Stewart is not an ordinary girl! Goodluck!
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