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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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Sep 6, 2016
Microsoft Pulls The Plug
Microsoft Goes For Broke
Microsoft goes for broke. It turns its back on millions of loyal customers. It had earned enough profit and sold far too many Windows XP-powered computers that the world market is saturated, leaving it no room to resort to a new gimmick to make more money. In fact Microsoft is jealous of its own success. It had probably stumbled on that fact long ago that Windows XP was a genius invention, so affordable and, by extension, so popular. Too popular, in fact. While acknowledging Windows XP had also enriched Mircosoft and, by extension, Bill Gate enormously, and has earned more than enough from their effort, the Redmond, Washington computer giant still in a way harbor the envy - the reluctance to come to term with the fact that it had designed a damned good operating system but at the same time had also harvested more than enough from their sow, so to speak. Microsoft and Bill Gate probably blame Windows XP for saturating the world computer market. Because it's so good it's the first choice operating system for most buyers in the world. Like TV sets which are snapped up when plasma and LCD were launched when people yearned for full HD display and better sound system, Windows XP was born during the time when computer penetration even in the West was low. The new PLASMA and LCD when in demand were sold to hungry customers as expensive as $5000.00 a piece! Now after their good run was over, these TV sets of all brands - packed with even better features - were left to gather dusts on the shelves. Nobody faced with more woes than TV manufacturers. They have to fight against each other by slashing prices to stay afloat. Prices tumbled from its peak of $5000.00 to less than a thousand dollars. Now everyone can afford a TV! Market saturation and concomitant low earning, loss in share value. While the situation is not so bad for Microsoft; it still could make money even if it continues to ship Windows XP, and keep badgering die-hard XP users to upgrade to Window 8 but...in business you need to grow, expand, or shrink. That's why Rupert Murdoch tried to own all or as many as he could acquire TV stations and tabloid newspapers relentlessly. Unfortunately he made some mistakes along the way (stepped on someone's toe) and his empire crumbled. Bill Gate has realized by now there 's nothing he could do to change the mind of those die-hard addicts of Windows XP - except to pull the plug! Some analysts opined that people incensed with its decision (to end its service for its own product which it sold in good faith and customers purchased in good faith), which amounts to it not keeping its part of the bargain, may desert Microsoft and 'move to see what Google and Yahoo, for instance, could offer them. It's not known if Microsoft can have a change of heart and defer the phasing out of services for Windows XP to a future date. If the Redmond, Washington company goes ahead with the plans, a lot of computers are going to get infected; then these infected machines will in turn infect innocent computers using other operating systems. I hope the happy people at Microsoft have thought of that.
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