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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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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

'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.

Jun 22, 2013

Anwar: 505 rally will go on - Nation | The Star Online

Anwar: 505 rally will go on - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Feb 15, 2013

How To Repair Your Own Refrigerator And Save A Bundle





when I received a call the other day (night) from a Miss Lee complaining about her fridge not working (she noticed the temperature inside the fridge was warm comparable to room temperature), I asked her to check if the fridge's power switch was at on or off?

Nov 13, 2016

MCA Must Demand The Return Of All Traditional MCA Cabinet Posts







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By:David Lang

October 21, 2015 Updated Today: Sunday, November 13, 2016

The MCA Leaders Skould Demand The Return Of All MCA Ministerial Posts

KOOMAR, what Law Maker meant, if I am not wrong, was sarcasm. It means irony, sic, or sneering. You never feel anything unless you're the particular target. But some people can misunderstand, too. How wonderful is the English language!Checked.

I say give the new MCA leaders a chance to prove themselves. To do that they need to rejoin the cabinet, and regain their cabinet portfolios on loan to Hishammudin and MIC leaders. Checked.

The MIC leaders knew their occupying of Health Ministry - which traditionally belong to MCA - was to be only temporary. I say go ahead Datuk Liow Tiong Lai. My only question is what took you so long? Checked.

Yes, I agree you should ask your party, especially the Wanita wing, to stop attacking the DAP. What they hope to get? Remember those who attacked Lim Guan Eng unjustly fared even worse in the eyes of the Chinese and the Malays. Take him to task over genuine mistakes and you will be rewarded with renewed support from the Chinese community. Checked.

You can not expect everything to return to rosy like in the past as soon as you rejoin the cabinet, but it's the right move. Don't forget, the more ministers you have in the government the more clout you have and the more ways to reach out to the Chinese who, don't ever forget, were and will be skeptical. But once the Chinese see you and numerous ministers performing well they may give you support. Ignore the jibes and sneering, concentrate on regaining all ministries which traditionally belong to the MCA. Don't compromise on this. You yourself should return to your old post as health minister. Checked.

Remember, if you allow Najib to continue to distribute MCA traditional posts to others which are forever lobbying the prime minister - you will never regain your respect among Malaysian citizens, especially the Chinese community. Of course, the prime minister may disagree at first (because he likes to be able dish out cabinet posts around in return for support from those given the posts) but Datuk Liow Tiong Lai must stand firm with Najib -- or forever be at his mercy as he can play dish out and withdraw cabinet posts with the MCA at will, qualifying that with the saying the PM has the prerogative to appoint or sack ministers. Don't buy that. Ask him what does take the MCA for? Don't cave in because you are afraid you may lose your Health Minister post; you won't, as the MCA being the second largest component in BN, Najib would feel a big loss or void if the MCA decides to leave the coalition (and may galvanize other components to leave too). As much as Najib wishes to keep as many cabinet posts as his so-called prerogatives, in order to sell them to all and sundries for return support, it will be unethical for him to deal with MCA that way. If he persists he's no leader and should be shunned. Checked.

The MCA leaders have been labelled as subservient to UMNO not becaus it (UMNO)was bigger but because MCA leaders were wimpy or wimpish, lacking in strong characters, or maybe even selfish. Checked.

But then again, if the MCA leaders feel that the time to go for broke hasn't come yet - what with so few elected MPs and Najib won't likely be rattled - I have to agree with that. Checked.

OK,then, wait for better circumstances. Checked.

Actually UMNO leaders never looked down on MCA leaders during Tun Mahathir's adninistration. UMNO leaders only began to view MCA leaders as beggars for cabinet posts by accident after the DAP had labelled them such. And Najib went on to rub salt into their wounds by mostly appointing them to junior cabinet posts like deputy ministers or finance minister II! I know some MCA leaders loath to stand firm for their rights because they are afraid.. to lose the cabinet posts and the perks that come with it. If that's how the MCA leaders feel, they are not leaders but selfish politicians piggy-backing on the MCA name for personal interests. They are just like beggars like the DAP says. And if it should come to that, the Chinese people should wash their hands of them. Checked.

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