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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.
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How To Repair Your Own Refrigerator And Save A Bundle
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Oct 14, 2016
Muslims Are Not Happy
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News > Middle East And Africa in Turmoil >The Invasion of Europe
This comment came from a Newsvine.com member, reproduced here for the benefit of European leaders and citizens.
This is a comment posted by a member of Newsvine on the Middle East. “ > MUSLIMS ARE NOT HAPPY > They're not happy in Gaza . > They're not happy in Egypt . > They're not happy in Libya . > They're not happy in Morocco . > They're not happy in Iran . > They're not happy in Iraq . > They're not happy in Yemen . > They're not happy in Afghanistan . > They're not happy in Pakistan . > They're not happy in Syria . > They're not happy in Lebanon . > So, where are they happy? > They're happy in Australia . > They're happy in England . > They're happy in France . > They're happy in Italy . > They're happy in Germany . > They're happy in Sweden . > They're happy in the USA . > They're happy in Norway . > They're happy in almost every country that is not Islamic! > And whom do they blame? > > Not Islam... > Not their leadership... > Not themselves... > THEY BLAME THE COUNTRIES THEY ARE HAPPY IN! > And they want to change the countries they're happy in, to be like the > countries they came from, where they were unhappy. > Try to find logic in that!
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Oct 13, 2016
General Sharon The Hero
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News > Faith >Miracles Save Lives
Israelis have much to thank this leader for. Despite the famous - or shall we say infamous - episode in Lebanon (in which he wasn't physically, directly involved), the Queen still thought highly of his person and rewarded him for his leadership, which was like no other, and the single most important contribution to make Israel what's it today...and the days to come!
But most of all, General Sharon was largely instrumental in getting the Israeli Defense Forces to prevail against larger Arab forces in 1967 war.
His strategy was one of the strategies that Israel employed to stop the combined Arab army which dwarfed the Israelis'.
He learned his war craft due to necessity, as one of the original freedom fighting to reclaim the Jewish people's biblical rights to their homeland, and his contribution can not be described easily.
While every Jew would not hesitate to give their lives to preserve their way of live and to go to war to defend it, Sharon undoubtedly will be remembered as the father of the (now much feared) Israeli Defense Forces - which protects the Jewish people.
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Oct 12, 2016
Miracles Save Lives
News > Faith >Miracles Save Lives
I almost died when a freak accident happened at my house in Hillside, Tanjong Bungah, about nine years ago. Whilst I was busy trying to open the gate (lock), I was almost crushed to death by my own one ton lorry which I had earlier parked on the (steep) slope about 15 feet in front of my driveway, which started to move suddenly and barreled down to crash into my backside.
I was stunned and numb with fear I may die or not walk again, and then realized to my horror that I forgot to pull the the handbrake.
With me stuck to its pumper, the lorry barreled down to bang into the iron gate with force so great the right frame which had a metal rod driven into the ground as linchpin, was lifted clear to be suspended higher than the left frame!
It's inevitable that whoever got involved in such accident would die or be crippled permanently, but I escaped with only minor injuries.
People said I was lucky; I said miracles protected me - or shall we say, I miraculously escaped death.
An old lady, when I went to fix her refrigerator, and when told I cared for hundreds of stray cats and dogs by providing food and medical treatment, told me to continue, "you can be the chosen one if God (Allah in her case, as she's a Muslim) considers you a good and charitable person and chooses you." Said nothing will harm me and I will always have enough to eat. So far the former (prediction) had already come true, the latter left to be seen.
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