'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.
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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.
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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?
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Showing posts with label Midas Touch. Show all posts
Showing posts with label Midas Touch. Show all posts
Oct 14, 2016
Riza Azziz And Jho Low The Men With The Midas Touch
Upon an afterthought the Department of Justice decided to give Red Granite Pictures another chance to counter or contest the forfeiture suit. This would avoid being seen as overzealous or punitive.
And that's the way civilized society governments do things. Long live America!
Moreover, although the movie 
Still, the tone of Attorney General Loretta Lynch was unmistakable; she said, "..the Malaysian people have been defrauded on an enormous scale!"
"The money was stolen from 1MDB and laundered on American soil using American financial systems in order to purchase prime assets to the tune of US one billion including financing Wolf Of Wall Street and other movies, we have to act," she announced at the press conference..
Red Granite and its The Wolf Of Wall Street have until October 28, to counter the forfeiture suit. Failing which, their assets worth a colossal one billion will be confiscated.
The main players - not of the movie - but the move to launder the money and use a portion of it to acquire prime New York hotels, apartments and other prestigious properties beyond the reach of even rich Americans, are: Mr. Riza Azziz, Mr.Jho Low and their Arab partners.
Many people were in awe of these two gentlemen's slick move of moving mountains and climbing Mt. Everest, which their handiwork amounted to!
These two masterminds were reported to have studied at a prestigious British Business School. As I don't want to be misunderstood as a representative of the school I decline to reveal more details. To avoid, sic, causing prospective students to rush to enroll at the billionaire-making institution - adding, sic, to the worries of Theresa May, the prime minister!
Now where were we?
Oh, of course, Riza Azziz and Jho Low. The two with the Midas touch. Low no doubt was born with an extra large sized brain and a super intelligence. That explained the extra sized face and head, no offense intended, to fit with his extraordinary gift.
No man - not even Bill Gate or Bill Clinton - can give him a run for his money. You see, he can arrange things; isn't that awesome? And he never failed to arrange them.
He can work anywhere - Sarawak or West Malaysia; any people he wanted to arrange with or make arrangement for. Former Sarawak Chief Minister Taib Makmud was one of them, or the Sultan of Trengganu, for example. All agreed to his proposals and arrangements. Lest we forget, even the arranged White House visit by the prime minister Datuk Seri Najib Tun Razak which was purportedly said to be arranged by Frank White Jr, who pocketed 10 of millions of US dollars for his service, was also "arranged" by Jho Low!
Even the prime minister of Malaysia, yes, even the prime minister of Malaysia, never hesitated to follow this man with the Midas touch's advice and jumped right on his bandwagon.
For Riza Azziz, the film-maker, he's a fine businessman, too. When it comes to the business of movie making, few, especially especially from Malaysia, can hold candle to him. In no time, this prime minister Najib's step-son, has firmly established himself as a credible movie producer, and right in the land of Hollywood, too!
There's no doubt, Riza Azziz has talents. All he has to do is to clear his name; it doesn't
matter whether he loses all of his acquired assets in the DOJ suit. What matters, he does have
talents. If he can redeem himself and regain his integrity stained by the allegations involving
1MDB, he can look forward to a bright future - producing box-office movies.
And what's also helpful for him is he is the Malaysian prime minister's stepson! That fact alone besides his talents, can propel him farther than can imagine.
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