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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?

Jan 2, 2019

Theresa May Tries To Sell Her Lopsided Deal





The EU may have unwittingly overplayed their role and may have to regret if the UK crashes out on 29 March 2019!

By David Lang

November 29, 2018 Updated Today:December2, 2018

Theresa May Tries To Sell Her Lopsided Deal

Theresa May came in with (a lot of) promise. She said all the right things--she admitted she's a Remainer but respects the referendum result and as prime minister promises to deliver the Brexit that the people had voted for; to the EU she warned: Be reasonable and negotiate in good faith with the UK 'or you will be crushed;' that no-deal is better than bad deal, and she will never hesitates to walk away; and the free movement ends and we get back control of our borders, money and the right to make friends or trade with we please.
And she says we wouldn't have really left the EU until we have control of our borders, money and our destiny, back.
Brave words! But can she back them with concrete actions? Maybe. Again, maybe not, for after she had struct the deal with the EU and returned with a 560-page Withdrawal Agreement she had been unsuccessful in trying to get the skeptical nation to accept it since. During the marathon two-year negotiation, two Brexit ministers and many aides to the prime ministers or junior ministers, if you will, quit over the way the negotiation was heading--directed by Theresa May. But Teresa May persisted and in the end she concluded the negotiation with the EU largely single-handedly -- at least from midway onward.
So this is her deal - a deal she got from the EU largely on her own, stamped with her name alone.
When told her Withdrawal Agreement gave away too much and the UK would become a 'vassal state' aligned to the EU and follow all its laws but have no say over their drafting or enacting, Theresa May refused to listen. Instead she went on the offensives to try to get people to support (accept) her deal--the Treasury came out with analysis warning people to fall in line and accept the 560 Draft Withdrawal Agreement or Britain may crash out of the EU which it said would be catastrophic for the country; numerous other institutions also came out with their own predictions of doom to help the prime minister--although all these analysis were deemed just guess-works. Cabinet ministers were dispatched to throughout the country to brainwash people to come on board.
Despite these efforts which cost a lot money, few people believed the prime minister. In desperation, she hit upon the idea of sending post cards to constituents represented by the Tory rebels to force them to force their MPs to support her deal, or else.
Finally, the prime minister threatened if her deal is rejected, Brexit may be stopped. Checked. Do you wish to know more?

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