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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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Oct 18, 2016
Reena The Seer
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Reena the Seer was a genuine princess once - until Jerak the evil wizard dethroned her with the help of his cahoot Treacherous Sultana.Together they plotted against Princess Evie and in her place installed a clone of her on the throne. But things started to look up for Evie who always goes by the name of Reena the Seer, when she was rescued in time by the handsome Deathstalker.
But her crush on the Prince of Thief was prevented from growing into school -girl love by his endless jokes - some of which were not funny but overdone. However, to show gratitude for his willingness to save her again and again - although "one rescue a day" was his policy - she was prepared to wait.
As time went on - after some rough and perilous journey together, which took them to a graveyard where Deathstalker did his kind of things to earn a living - the swashbuckling hero, too, couldn't deny that he felt something for the poor princess too.
Throughout their journey Deathstalker rescued the chirpy princess more than a few times. By then Deathstalker swore he wouldn't let anything happen to Evie; while on her part noticed a difference in her rescuer.
He's always there for her, looked out for her and she was elated, and elated as she was in love with her hero.
She couldn't tell yet despite his oft-displayed tenderness towards her that the feeling was mutual. But to her - his jokes, care- free wisecracking aside - this was the kind of man that fulfilled all her childhood dreams - the man she's prepared to give up even her throne for.
For Deathstalker, he began to feel this special feeling for the princess right after they formed a team for Deathstalker to take on Queen Kong in a special ring. There Evie showed genuine wish for her companion to triumph against the much bigger Kong. Her zeal in wanting Queen Kong to lose almost got the better of her; she literally threw punches in the air and absorbed blows from Kong herself as though she was in action not Deathstalker. And that's what the king of thief happened to notice and which gladdened him no end.
After the slug-fest with Queen Kong they got into a small argument at ringside whereby the swashbuckler sauntered off leaving Evie in daze. But realizing what her aching heart longed for, the princess sprang into action to run after her man. But she was too late - or least that's what seemed at first - for her hero had been hijacked by none other than the Queen of the tribe.
Upon seeing her lover in the embrace of another woman was too much for Reena The Seer and she dashed off in despair after picking up and smashing a peeled coconut to show her displeasure. As the luck would have it, instead of running to a river bank where she could cry over her loss, she walked into Sultana's men's trap.
Upon being brought to a dungeon where she came face to face with the evil Sultana again, all Evie could utter was .."You!" - to which Sultana said: "Ha! Your royal highness...the last time we met we hadn't much time to get to know each other - now we can fix all that! Now where's Deathstalker?" "I won't talk; you know why? Because Jerak wants me alive!"
"If I lower you down to, say, your waist in the boiling water you would still be very much alive," retorted Sultana. To prove she's not bluffing, Sultana began to lower down the princess to almost touching the scalding water, and repeated her demand: "Where's Deathstalker?" "Somebody looking for me?" came Deathstalker's answer instead, appearing at the door. Then Evie the princess exclaimed excitedly: "You came back!" "By popular demand!" back came the prince of thief's reply.
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