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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?

Dec 9, 2016

Chinese The Real Kingmaker In Malaysian Politics







If The Chinese Didn't Vote For BN All This While The UMNO-led Coalition Would Be The Opposition. Period.

Are the Chinese votes so important for political parties in Malaysia that they fight tooth and nail for them? With no holds barred, it seemed. There's no doubt the community hold a big sway over Malaysian affairs. For a level playing field, the Chinese - not the Malays (whether rural or urban) - who determine whether the government falls or retains power. This fact however was lost to the ruling party who believed (wrongly) that the rural Malays keeps the government in power and forgot or ignored the fact that not all Chinese abandoned BN. What the BN government didn't get from them was the 2/3 majority. Checked.

What Tan Kheng Liang advised the party was correct. Don't sideline the Chinese, not all of them supported the DAP in 2013 and 2008. How true were what he said; even the prime minister was fully aware of the fact. He accepted that the percentage of votes for PR was 55% while for BN 45%; somehow the EC downgraded to 53 for the opposition and 47% for the ruling party. Taking the margin of errors as the basis. No big deal. Checked.

Now let's check the figure 47% first. It's a minority; so BN now is a minority government. Leave the what, why and how alone. It won't do anyone any good. Out of this figure that BN used to remain in power, it could not have come from the Malays, including rural Malays, alone. Let us say out of this 15% to 20 % came from the non-Malays, mainly the Chinese as the Indians formed too small a percentage - leaving the Malays at 32%. When the PM gave the Brim 1, 2, 3, to the Chinese poor who qualified, he contacted all of them personally to politely ask whether they got the Brim cash. They were touched; he didn't ask whether you wanted to vote for BN or not. Checked.

Now let me ask you this question: how many of those aunties and uncles who swarmed the pay-out centers, received the money in good faith and turned away from voting for BN candidates? Although not all these Brim receivers would all vote for BN, I believe most of them did their duties (vote for MCA candidates or Gerakan candidates. Don't forget that many of these recipients were very poor people. That's why they qualified. Weren't they grateful for the PM help them in their hour of need? You bet. My guess is the percentage of these grateful receivers was almost hundred percents. The question of whether to vote BN or not didn't arise at all! You tell me when you're in financial trouble and the prime minister gave you RM650 without even having to return it, wouldn't you be grateful? Checked.

So the saying that the rural Malays - or even included the urban Malays - saved the ass of BN every time, was just a myth. It was a combination of Chinese and Malay votes and, to a lesser extent, Indian votes that kept BN in power. Checked.

Here the question of Chinese not voting BN or abandoning BN never arose. If they did, BN could only be the opposition (and the likes of Ibrahim Alis and Abdullah Saik may have to drive taxis as the former had said once). When Datuk Seri Najib talked about the Chinese votes which he said should be given to BN, he didn't talk about Chinese votes to keep him in power. He already enjoyed that, included in the 47%, got it? Checked.

He meant to ask the Chinese community to vote more for the ruling party than the opposition; so that he can get back the two-third majority in parliament. And this 2/3 majority things are the things that no other community - not even the Malays - can give the government. This is the fact. This was what the prime minister was asking from the Chinese voters. Tun Dr. Mahathir knew how to get it from them many times when he was at the helm of Malaysia! Checked.

So actually the Chinese are the king-maker in Malaysian politics, although few realize this. Tan Kheng Liang should rephrase his advice to the ruling coalition leadership: Don't sideline the Chinese, not all of whom vote for the DAP; you do so at your own risks.

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