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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 2, 2016
The Real McCoy (of Thai boxing)
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This movie (how Tong Po beat up John Van Dame, and then in the end, Tong Po got beaten up by John Van Dame in return to make things look more believable) was all about Tong Po. The real McCoy of Thai boxing. Every Dick, Tom and Harry would like to have a shot at him and, if possible, beat him and beat him good - to stamp his mark as a credible kick boxer. Even Jon Van Dame couldn't help jumping on the bandwagon. Yes, even John Van Van Dame, an established fighter by any standard, needed that recognition - needed to have Tong Po's scalp under his belt to prove his (vanity) case. Fortunately for him, though, Van Dame not only has skill he also has means. So to beat the real McCoy of Thai kick boxing and humiliate him (Tong Po) to make his future movies even bigger box-office successes, Van Dam decided to shoot a movie; so that in the future his kick boxing movies will sell like hot cake! Moreover this was the only way for Van Dame or any boxer for that matter, to beat this Thai super-fit boxer: ask him to agree to lose the fight intentionally! John Van Dame would write the script or ask someone else to do it in such a way that John Van Dame would emerge the winner. Tong Po would be convinced that this was (the way of) a movie, a make-believe project that has only one hero - Van Dame. In exchange for his 'acting' in the movie, he could demand his pay, which he did. Tong Po did demand a high price, I believe, to lower his reputation and buttress that of his opponent in the ring, and at the end of the day laughed all the way to the Bank of Thailand. Of course, both were the same; they wanted something out of this game of death. Tong Po wanted the pay to dwarf that of the richest purse for top Thai fighter; so that he could escape being paid to be willing punching bag for aspiring or diminishing champions. While Van Dame got what he - and a whole lot of boxers of all sizes - wanted so much: beating the real McCoy of Thai kick boxing, the beating to their reputation is more than the beating they inflicted on the Thai fighter. Then he would reign supreme in the martial art world. That is what they thought and needed. Damned, even if they hang up their gloves after beating Tong Po, they could satisfy their vanity by keep telling and showing the movie of the bout forever to their children or grand children or whoever cared to watch! Even Steven Segal would definitely be wary to take him on! But then again, this cheap shot at glory only proved one thing. Tong Po was magnificent, fearless, fearsome, master of his trades, and a fighter like no other who could best anyone in the ring. But watching this movie caused me to be transported back to another ringside in downtown Bangkok many, many years ago to witness the tournament to decide who could destroy who - (real, live, and not make-believe one) Thai boxing vs. Chinese Kungfu. But that's another story. still, there's another movie protagonist who's as muscular as John Van Dame and who's easy on the eyes too is Lorenzo Lamas. Despite being able to throw quick punches like German anti-aircraft guns, he did not seek to bolster his ego through out-punching Tong Po in Thailand. Maybe he would, on the fly!
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