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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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Sep 6, 2016
Thais vs Chinese
When a tournament was held in Bangkok in the distant past, billed as Muay Thai vs. Chinese Kungfu, pitting Chinese martial experts from Hong Kong (perhaps some from Mainland China, too, although it was not stated) against equal number of fighters from Thailand (local fighter). There were six contests in all. The coveted prize: to decide once and for all, which martial art was better. Contest rule: no holds barred. For the Hong Kong fighters, what had started with chest thumping confidence when they newly arrived, began to become unsettled while waiting for the tournament to begin when they witnessed how eager were Thai boxers in wanting to fight them. The Thai martial art exponents literally begged the organizers to be among the six Muay Thai fighters scheduled for slug-fest with the Chinese Kungfu masters; as if it was child play, not a life and death matter, which it was. But the Chinese was undeterred. They were not ordinary fighters and could kill opponents with their bare hands; so they controlled their nerves and went into combat with their Thai counterparts.
Later, when it was over, they regretted they didn't heed their own misgivings about the whole thing (at the eleventh hour). They ended up receiving the beating of their life. None managed to remain standing or managed to leave the ring on their own steam. All the Hong Kong boxers had to be carried down from the ring to waiting ambulance in stretchers, all six of them, half alive, if not dead.
In the end what began as an innocuous quest to determine through a friendly contest which martial is superior, culminated into racial tension against the Thais, and humiliation for Chinese everywhere.
Although the Thai boxers were innocent as the idea that mooted the contest came from Hong Kong, the Hong Kong fighters and typical Chinese everywhere couldn't help hating the Thais for delivering them the emphatic defeat and dented their pride. Many Chinese as owners of Chinese Kungfu, as Thais Muay Thai, in Hong Kong and China, and even oversea Chinese in Thailand itself, here in Bangkok, couldn't accept the fact that their beloved Kungfu was destroyed by Muay Thai, and cried out for revenge. They demanded a rematch to undo the damage to Chinese national pride. But the idea fizzled out for lack of takers (apparently) from the Kungfu camp.
For the Hong Kong Kungfu masters, who returned to Hong Kong half dead, if not dead, if they survived to fight again, it was a day of days when, as hard as it was to believe, they took on more than they could handle, or thought could handle.
They had heard about the brutality of Muay Thai, and they believed their Kungfu and their being the masters of it with deadly force in their strikes could get the better of the Thais, but they didn't bargain for the Muay Thai to be that killer martial art.
The pain of beating they received in Bangkok was nothing compared to the pain of regret and humiliation. They didn't bring fame and national pride to Chinese name as they promised but shame and humiliation. Much as they wished to subdue the Muay Thai exponents, and restore Chinese pride, they knew it would a herculean effort and even that may not be enough to put the Thais on stretchers. They couldn't believe that they - being Kungfu masters who could kill people with their bare hands, hence the idea to match up with the Thais, could be beaten half dead or within an inch of death. The Kungfu fighters were prepared to be defeated by better fighters; but not given the beating the kind they had received.
In the end the Hong Kong boxers realized what they did (going as far as Bangkok in a vain attempt to establish Chinese Kungfu as the number #1 martial of the world) was a bad idea, and so was any idea that there should a rematch.
"Not so fast, " said many overseas Chinese. Subsequently, other Chinese throughout Asia, after being disappointed with the defeated Hong Kong Kungfu masters' performance and refusal to demand rematch with the Muay Thai camp, decided to take matters into their own hands. So began another quest to redeem Chinese pride. Tournaments after tournaments were set up for that purpose. Second rate or unknown Thai boxers were roped in to fight against superior Chinese martial art exponents.
Of course, most of these Muay Thai exponents were what they call Thai temple boxers (or Jaguh Wat) who fought well but were no match for the Kungfu fighters from Hong Kong or, may be even some, from China.
In the end, the Kungfu fighters emerged champions....and at the same time finally restored the Chinese national pride.
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