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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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Feb 15, 2013
How To Repair Your Own Refrigerator And Save A Bundle
The Free Gazette › News›opinion
Reactions: |
Apr 21, 2012
This is what I posted on MSNBC Newsvine recently in reply to the following comment by Tara:
Comment author avatarTara-2937960
Not sure I understand your point this dog was in his own yard playing with his owner. An owner that had not committed any crime because the cop was at the wrong address. Being at the wrong address was not the cops fault but it sure was not the owner's fault.
Why would the owner need to have his dog on a lease during exercise/play time for the dog in its yard. Heelers are energetic dogs that must be exercised they need to run about 2 miles a day to burn off there energy. All this owner is guilty of is taking care of his dog.
I really do not care if the dog chased someone or nipped at a hand all the dog was doing was trying trying to herd the people that is what these dogs do. I am sorry about your Pom dog but this is not nearly the same type of situation.
1 vote
#25.2 - Thu Apr 19, 2012 11:39 PM EDT
Everything in this world can kill if...
SyriaInTurmoil
Doctors have the right to come up with their own theories of what might have caused the woman's death or other deaths and most of the times they prove to be right. But sometimes, this time, they may be wrong.
Apr 11, 2012
Syria A Chink In Iran's Armor
So, it had been decided. All of a sudden, somehow someone had decided time's up for president Bashar al-Assad. He has to step down. Gives way. Cedes power. Delegates power to his deputy. Whatever. It means the same thing: regime change. They want his job.
Apr 8, 2012
Never underestimate the Persian minds; their empire once ruled half the world
SyriaInTurmoil
Iran's nuclear ambition, or even Iran itself, may be a goner. Just my humble opinion. You see, if the West, especially led by the US, says come clean, Iran should choose to listen.
Apr 7, 2012
If anyone wants to speculate (don't we all), be my guests
SyriaInTurmoil
After reading these comments about whites killing blacks, targetting blacks, or blacks killing blacks, or why would whites be so stupid to go into black neigborhood to kill blacks where he won't be able to escape, and some replied..."there are whites who go to black areas to buy druggs and sex," I found most of these posts don't make sense.
Afghanistan is hell
This is my article which was published live on MSNBC Newsvine recently on the futility of prolonging the war in Afghanistan.
!doctype>Apr 6, 2012
When Uncle Sam chooses to urge you to protest you should choose to listen
What I had feared (when the so-called Arab Spring first started) would happen unless the US stayed away from meddling in Egypt's affairs which were none of our business, had finally come to pass.
Thanks for standing up for Cisco!