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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?

Jun 16, 2019

Boris Johnson's threat to withhold the 39bn divorce bill sends shock wave throughout the Eu and especially the Uk





If Johnson Later Backdowns And Agrees To Pay As Demanded By The Eu He Will Be Viewed In The Same Light As Theresa May And Like Her, Johnson Will Not Be Able To Move Them To Concede Anything!

By David Lang

November 29, 2018 Updated Today:December2, 2018

Boris Johnson's threat to withhold the 39bn divorce bill sends shock wave throughout the Eu and especially the Uk

With Theresa May the Eu had pretty much had everything their way in the Brexit negotiation. She was perennially way-laid and harassed by the Eu to make hurried decisions.

They would say (and they would say) that time is running out, that Theresa May has only two weeks before the next so-and-so Eu council meeting where progress report must be tabled in order for the council to deliberate on. And based on the report, the council would decide whether sufficient progress had been made to advance to another phase, or next round; so that a report can be submitted to the Eu 27 heads of state in time for another so-called meeting to be held by so-and-so date, to approve or not what had been agreed by both sides.
It was inevitable, therefore, that the prime minister would feel harassed, and forced to make hurried decisions..which in the end doomed the Withdrawal Agreement.
But Mrs. May should shoulder full responsibility for her failure to walk away. And..for entrusting, as it appeared, the major part of the Brexit negotiation to hardcore Remainers such as Olly Robbins and David Lidington, whose mistakes became her faults.
But let's us not dwell on Theresa May's mistakes which she had paid for in full (by prematurely giving up the job she loves).
For the Eu, especially the negotiators such as Michel Barnia and Sabine Weyand, or the Eu Commission president Jean-Claude Juncker, they concede that despite what they have done - tricked, forced Theresa May to sign up to all their cunning, underhand schemes - they may end up with nothing judging by the tone of the man tipped to replace Theresa May.
The front runner to the Conservative Party leadership contest, Boris Jonson, says he could withhold the 39 billion divorce bill unless the Eu relents on the Irish backstop.
Which should send shock wave to not only the Eu and all the 27 struggling remaining member states, but all those in Britain - the media houses, business associations or chambers of commerce, the bank of England, the Remainers and Remainer politcians or activists who may have been promised rich rewards for helping to stop Brexit or if that's not possible, make it Brexit in name only! by making sure Britain will not crash out or leave with no-deal or on WTO terms. Period.
We don't know how the Remainers would react to Johnson's intention. But judging by French president's swift and combative statement, it won't be pretty.
Already, the Work and Pension Secretary Amber Rudd had announced she switches her support from Boris Johnson to Jeremy Hunt, and reports say probably more Tory MPs such as Defense Secretary Penny Mordaunt are following suit..attracted by simply the idea to stop Boris Johnson, who incidentally is blonde too which surprisingly adds to their distaste for him. Jeremy Hunt has slim chance of him making it (win) so these moderate MPs chose to endorse him just so they avoid being accused of boycotting the front runner.
This shows that the Remainers whoever they are are collaborating with the Eu to stop Brexit, and if that's not possible, a Brexit in name will do to the Eu and carries the same reward!
Thirty-nine billions, repeat, 39bn Sterling is a lot of money. There is plenty to go around, and let no one doubt it the Eu will keep its word to reward everyone more or less in cash or kind for their willingness to make the UK remain in the Eu - as member or vssal state.
But danger lurks. If the Eu refuses to cooperate or reopen the Withdrawal Agreement to remove the backstop, Johnson says as prime minister he won't pay until it's done. So, to safeguard their interests, the whole of the Remain camp will have to do something to stop Boris Johnson from becoming the leader of the Conservatives Party at all cost. Period.
For Johnson, even though his refusal to meet with President Trump has strengthened and fortified his front runner status, the danger is the Remainers will do everything to prevent him from even getting to the last two list, let alone to win the leadership contest! Checked.
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