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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.
Jun 22, 2013
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How To Repair Your Own Refrigerator And Save A Bundle
The Free Gazette › News›opinion
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Nov 3, 2018
Yuri Boyka Vs Tony Jaa Intense and Incredible Fight
News > Tony Jaa Proved His Martial Arts Skills Checked.>That His Prowess Depicted In His Movies Were Real
By David Lang
October 28, 2018 Updated Today: November 03, 2018
Yuri Boyka vs Tony Jaa UFC fight was billed as Intense and Incredible. What an appropriate title. From start to finish, brutal punches and kinckings were delivered non-stop, not a second was wasted to inflict maximum damage to one another between these two. Although at first it looked like Yuri Boyka was going to KO his opponent, but Tony Jaa it seemed never planned to be knocked out so easily, and planned to slug it out with his opponent till the end of five rounds if need be, to wrest the title from him. That was the obvious intent - it doesn't matter if he fails or succeeds. But of course, if he doesn't believe that he he has what it takes he wouldn't be in this fight. Hence the incredible staying power no matter what his opponent threw at him - kicks or punches, elbows to the chin or back kicks to the stomach, front kicks to the face - which repeatedly sent him to the canvas but he kept getting up as if immune to the damage inflicted, to stay in the fight. From round #2, though, he started to hit back for blows he received, and Boyka was stunned. But Boyka kept up the pressure because he was bigger (Boyka could fight in light heavy weight and heavy weight divisions because of his size). When matched up with Tony Jaa, of course, he was more daring as he was more confident of victory or trashing his opponent. He kept delivering deadly blows and sending Tony Jaa to the canvas, and he looked more and more likely to retain his title but..Tony Jaa kept rising and also knocking down Boyka too himself, the fight started to become intense. The slug-fest was no-holds-barred, every imaginable blows were exchanged, by now both Tony Jaa and Yuri Boyka were bloodied and clearly exhausted, and who would best who was anybody's guess.
The Warrior From Thailand
News > Tony Jaa Proved His Martial Arts Skills Checked.>That His Prowess Depicted In His Movies Were Real
By David Lang
October 28, 2018 Updated Today: November 03, 2018
I recently stumbled upon UFC mixed martial arts fights - both championship and game play - and have been unable to turn away from since.
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China A Superpower?
News > China Cannot Win Against The US >It Lacks Aircraft Carrier To Land Its Fighters
China Can't Boast Of Chengdu Stealth Fighter It Has Never Been Tested! Checked.
By David Lang
May 28, 2017 Updated Today: December 09, 2017
If there is the time to confront China over its expansionist designs with scant regards for others' rights, it's now. China's military powwer is limited compared to the US power, and they know that. That's the reason it didn't explode in anger at Rex Tillerson threat to disallow China's access to South China Sea islands it had annexed unilaterally and clandestinely over the last few months. China also had to resort to amplifying its military might..to discourage its foes - by engaging pliable Western journalists or analysts to boost its "formidable military powers." This is the phrase that Western journalists paid to do their jobs used to exaggerate China's military power. If anyone want to know the truth about China about anything, turn to China Censored - a website set up purposely to focus on China.
The only way China could survive is to resort to the UN resolution to force a ceasefire. But it's up to President Trump how the US would respond to request for cessation of hostilities. Then, he may even demand that China drop its objection to restoring Taiwan's membership to the UN as a full veto-holding nation.