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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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Nov 25, 2016
Jill Stein And Green Party Are Pawns To Sabotage Trump's Win
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News > Jill Stein Was Roped In >So Much For American Values; She Refused To Accept Trump Win
If Hillary Won Would She Ask For Recount In Key States? Checked.
By David Lang
What Jill Stein has done defies all reasons and ethics. Checked.
In asking for a recount in three key states where Donald Trump won with razor-thin majorities, she or the Green Party toyed with the US constitution. Just because there is a provision all candidates have the right to file for recount in an election where no suspicious of vote fraud is detected., it doesn't mean they should. Checked.
They have to understand the main contender against Trump had already conceded defeat, which means they were satisfied with the way the election was conducted or won. Checked.
So, why are they perusing the matter when it's unnecessary and akin to intending to sabotaging the rights of the winner by creating gridlocks and bad narratives against Trump.Checked.
When pointed to him there was no evidence of fraud whatsoever, Green Party Martin insisted to go ahead with the recount "because we want to make sure all our votes count." Checked.
So when told the request for recount was an exercise in futility, he was defiant.Checked.
This action did not stem from desire to correct what was wrong, rather it was done to frustrate the president-elect or worse, if possible, deny Trump the presidency he won fair and square.Checked.
In that case, it's unlikely the Green Party was compelled by desire to correct what's wrong - but to make it wrong what was right.Checked.
This could ignite debate on what or who caused the recount to be mooted. It was reported initially one computer expert and an election activist (two persons that's all it took) had alleged that the vote counting machines could have been hacked (Haven't they always?) Checked.
So, the Green Party or Jill Stein hadn't themselves come across any evidence of fraud but just seized on what the computer expert and his activist friend had alleged. It couldn't be the Green Party or Jill Stein as both didn't complain about the the general election being rigged from beginning. People couldn't be blamed if they thought the Green Party was just a tool in this controversy. Checked.
The two who made the allegation could be working for George Soros or his son who are going all out to protect their new world order in collaboration with perhaps interested parties such as Harry Reid who seemed to hate Trump so much; the Democratic party or The Clinton foundation and last but not least, President Obama - all of who stand to lose heavily if Trump becomes president. Checked.
But then again, what's to stop the Republicans from asking for recounts when the Democrats candidates win in the future. Yes, when George W. Bush was leaving the White House after eight years, he left gentlemanly, and the Republican Party allowed Barack Hussein Obama to be inaugurated as the 44th president without asking third party to create trouble for then president -elect to frustrate him. But since the Democrats led by Harry Reid and Nancy Pelosi tried to play dirty, the American voters should punish them even more than their losing control of both Houses of congress and senate - these Democrats should not be allowed to win future elections as they are clearly working to aid the Muslim Brotherhood to take over America in cahoots with President Barack Hussein Obama! Checked.
Just imagine a candidate in a national election which he or she had never alleged was rigged or biased, filed for recount in the three states that was because the winner won with a razor-thin majorities. Hoping that the recounts would result in the winner losing the three states? Why they wanted to do that for? Or the good question is: why allow these sour grapes to abuse the system? Maybe they are not sour grapes, maybe they are pawns. Pawns are people or persons who allow themselves to be used as pawns. They do it for money, other quid pro quo, or are blackmailed due to their previous indebtedness to the puppet master, or threatened with bodily harm by the pawn master unless they comply; or, who knows, maybe Jill Stein thought if she could create a national controversy which depict her as the hero to uphold, sic, American values like what Obama has been singing praise for the last eight years, and propel her name to prominence to prepare herself to be lifted away from the stigma of being "not good enough" to "good enough," she could do better next time.And then again, who knows, she maybe good enough to be bank-rolled by George Soros in his next project in four years' time! Checked.
That shows what a corrupt and ambitious woman would do. As they say, hell has no fiery compared to a woman spurned - or shall we say, a woman unceremoniously rejected. Checked.
Doesn't it ever occurs to her that by trying to throw a spanner in people's works - that's how how it looks like - the voters or her supporters in these three states or other states will not have second thoughts about her wholesome characters she had been spewing out to them all these years that she's a fair and just person? Checked.
I am not Trump's relative or brother and had nothing to do with his campaign, but I want the voters or supporters everywhere in the US to not vote for this sore loser Jill Stein and her Green Party to spite them. Checked.
What they have done was uncalled-for, unethical, vicious, unfair, immoral and unforgivable! Checked.
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