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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 11, 2016
Monster Guards
from this incident.
Security must be enhanced not only to protect the the shopping areas and the
shops, but to deter - intending, planned theft or on-spur-of the-moment or an after-thought, on-
the-fly kind of theft.
I suggest all shops in the malls that deal directly with the public and
sell things cash-and-carry way - to employ own security guards. And the main requirements as
guards are: big size, muscular, martial art expertise and bravery. I am sure there are a lot of
imposingly big, brave, muscular and mean looking men in Malaysia to qualify for the jobs.
It's
never stressed enough though that all must be martial art experts who could floor opponents -
many opponents - all at once. The muscled man's duty is to protect the shop (like big strong men
employed by crime bosses in the movies). It's unlikely the two thieves would run away with the
Lenovo smartphone if a burly guard was present that day; the thought may never even enter their
minds at all. And by extension, the chasing of the two youths and the beating of them by workers
of the second shop and some of the mall's guards became not necessary, too. And, this is important,
Perkida doesn't have the excuse to marshal two hundreds of its members to threaten everyone.
But as I mentioned earlier, if need be these muscled men must have the courage to stand their ground
and ready for any eventuality if confronted by rioters such those who terrorized shoppers and
passers-by at the Low Yat Plaza recently.
Lest it could alarm people, it should be done quietly and gradually - staring with a few shops. When done each individual shop lot should have this monster guards standing in front of their shops! People know when not to mess up with security guards or body guards when they realize these guards would stand their ground. They look deterring and deter! Just take a Thai boxer as an example. Once upon a time not too long ago, in Georgetown, there was a very fierce competition among towing business operators.
The top of them was a man called Teow Ling who was himself a big man, and many a towing operators stayed clear of snatching crashed vehicles in his turf. Still, this Teow Ling wisely employed a few body guards for obvious purpose. One day, he heard about a Thai boy of about twenty who had been quite deterring in town.
So one day he met the boy and offered him a job. Mr Teow Ling didn't even test his skill but relied on
the reputation preceding the boy! A Thai boy or a man is expected to be a Toy Muay opponent and therefore should be feared. Now where were we? OK, please don't misunderstand; I am not
suggesting that those old, pensioner guards be thrown out. They could continue by standing in by the
shops when the big guys need to go for Tea Breaks, or something. Do you wish to know more?
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