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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?

Showing posts with label Sport. Show all posts
Showing posts with label Sport. Show all posts

Aug 20, 2016

Does Malaysia have what it takes to become an Olympics champion?



The Drl Blog

















Malaysians can be forgiven for jumping with joy at any sign - any sign at all - that our top badminton star Lee Chong Wei may finally be on the way to bagging that elusive gold medal; and the aggressive and slick moves he employed against his nemesis Lin Dan in the semi-final contest leaves little doubt that the man wanted to win so bad against an opponent who was the only one to have again and again thwarted his medal hunt at the Olympics. He not only wanted to beat Lin Dan in order to move to the finals, but also wanted to prove to the 30-million Malaysians and the world that he could beat Lin Dan anytime anywhere if he wants (that bad). Was that why Lee Chong Wei had been second best to Lin Dan all these years? May be not. Maybe he did want it bad all these years but..something cropped up! Anyway, it's pointless to dwell in the past. Chong Wei had his chance but seemed to have emerged empty-handed..until now. Let's hope he could do everything right this time! And Malaysians - Malays and Chinese alike - are convinced judging by the 'nail-biting' finish of the grueling semi-final game last night, they think it's about time Chong Wei won an Olympics gold for Malaysia. The whole country needed this for a long time alreaady. They in fact have been hungry for this elusive medal for years. We are known to be one of the badminton giants along Indonesia, China, Denmark. Why then haven't we captured that damned gold medal yet? We could be 6-time All-England champions, and many of our top players have clinched top honors at the Thomas Cup with ease. But when it comes to the Olympics - the most crucial and coveted honors of all time - we end up as if something is wrong with us - we are not good enough!Maybe that's the problem with our players whether it's badminton or diving: we are not there yet! Will we be there some day? From the time of Ng Boon Bee, Tan Yee Khan; the Sidek brothers, Punch Gunalan and all, none had won an Olympics gold medal! Although there was no lack of motivation (the benefits in terms of money and large tracts of land and million-dollar bungalows thrown in by the government), these great players seemed to have fallen short. The best they could do was snagged silver medals! That's all that they can manage! This in no way I try to vent my anger on these great players past and present. My honest opinion maybe crude and unkind but..but what else to say? That they were not fit enough? They had slight fever which zapped their fitness somewhat? They had a quarrel with their wives and girlfriends, and didn't care whether they win a gold medal? I would like to come forward with an excuse of my own, if you don't mind, and it may also hurt our Malaysian pride: We are not there yet; not good enough! Whatever we do, whatever we throw at our opponents, we will lose at the crucial game or moment. Crucial, yes, precisely. All our top players could excel everywhere; Chong Wei could beat Lin Dan anywhere, even in China in front of Lin Dan's home crowd, but not in Olympics! Because I hate to say this, Malaysian players lack the mental strength to win an Olympics gold. Period. I shall pray to all gods and temples that I will be proven wrong by Datuk Lee Chong Wei, tonight!