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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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Oct 16, 2016
How Do You Intend To Vote In November
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News > American Politics >All Gang Up On Donald Trump
If you are thinking of voting Hillary Clinton into the White House, please think again.
If you are thinking of dropping Donald Trump purely based on the accusations by his opponents (that he always made humiliating or demeaning comments against women, or ever touched women inappropriately), think again.
You know during a political campaigns of this magnitude there's some tolerance to the inappropriateness of behavior on both sides of the political divide. And we must remember that both Clinton and Trump would do their all to win.
Still, the low that Trump's opponents stoop to to do him in is rather..excessive, and unsjustifiable.
As if Hillary Clinton completely forgot her own principle with which she argued against Obama during the Democratic presidential nomination campaign, when she accused the Obama camp of discrediting her and undermining her credibility through under-hand tactics, saying Obama and his supporters should just focus on contrasting her abilities and capibilties with his own instead of trying to destroy her political career through bought third parties.
Although everybody then saw her as a shoo-in candidate for Democratic nomination, she was surprisingly pushed out by an inexperienced and unseemly unqualified Obama - whose birth right to run for president was very much in doubt then.
Hillary Clinton is terrified of the success - or shall we say unexpected success - of outsider Donald Trump the same way Obama camp was when John McCain roped in sizzling Sarah Palin of Alaska governor fame to be his running mate.
If you all read newspapers everyday (during the 2008 presidential election campaigns), you would remember that Sarah Palin was focussed on and put through a minced-meat machine. No efforts or expenses were spared ..to see to it that John McCain lost his bid to become the 44th president by blaming him for irrationally selecting an unqualified and dump Governor of Alaska to be his vice -president if he eventually makes it to the White House, and becomes president in case his inability or death stops him. Call it like hitting two birds at the same time!
I mentioned if you do read newspapers. The same question was more or less a penultimate step to the destruction of Sarah Palin's qualification to (deserve to) be president of the USA. Again, we must congratulate the media - led by the then MSNBC - for their leading, tireless role in championing the Obama cause.
If you do read newspapers, then, any newspapers, you wouldn't have missed the Sarah Palin interview -- by Kathy Couric then of MSNBC. The naive journalist - she was just a young vulnerable journalist - was probably given the order to purposely ask the vice-presidential hopeful stupid questions; anything that makes her appear as an uneducated and unintelligent person.
These were the famous questions: "Governor, how many magazines or newspapers have you read?" "What!", an unbelieving Sarah Palin asked in return, "I can't understand your question." Or, more precisely, "Why are you asking such a silly question!" she wondered. The young journalist then saw her chance to cause damage. "Okay if you can't understand my English, I will try to make it simpler and slower for you: "'Tell me honestly..how many magazines or newspapers have you read in your life? One, two, or none?'"
The fact that Kathy Couric tried to humiliate the Governor of Alaska by such stupid questions proved that she worked (for certain party) to destroy Sarah Pali's suitability to assume to country's highest office in the event something happened to President John McCain! And Donald Trump has become another Sarah Palin. That's where the similarity ends, though. Trump is for president, not vice-president. All the more important then to make sure he must fail in his bid.
They (his opponents) will throw everything including the kitchen sink at him to stop Donald Trump from becoming president and undoing all that had been imposed on America by the Obama's eight years of "Change you can believe in!"
The stakes are high. Those against Trump will stop at nothing to derail his bid. In 2008 the MSNBC was roped in, which means the formidable talk show hosts could be used to destroy Obama's opponents. They would unleash their no-holds-barred attacks against them, including Hillary Clinton herself then. After which, not Hillary Clinton that was a shoo-in. Obama was the shoo- in!
It's therefore inevitable that Hillary Clinton would emulate Obama's tactics in every way to win this contest.
And at the forefront of this campaign was Billy Bush! From CBSNEWS. Not MSNBC, this time. (They must have seen the result (the untold destruction inflicted by Obama on American society) of their naive cooperation with the Obama campaign, and decided to sit out this Hillary campaign to atone for their past mistakes.
But ultimately, after all are done and dusted, it will be the American voters who will decide, again, whether they will experiment again. And put a woman in the White House, just like they did in putting a black man in the White House. Clearly history is repeating itself, in that the Democrats are using dirty tactics in not contrasting their capabilities with their opponents for the voters to choose but destroying their integrity and credibility. It's hoped the electorate will not make the same mistake which they knew had cost America dearly, by voting a woman to become president.
For she has made too many mistakes already during her reign as secretary of states, doing President Obama's bidding. As an example, during the Libyan conflicts she was found (out) to have lied on the Arab League's purported approval to intervene in Libya when there was no such agreement from the Arabs. This fake fact she used to the full, to persuade other reluctant Muslim leaders to come on board.
In another word, this is a woman who would stop at nothing to achieve her goals.
She displayed this mentality starkly during Obama's tug of war with the Egyptian military. In successive visits to Cairo, secretary Clinton arm-twisted the generals to give way to the Brotherhood President Mohamed Morsi to do as he pleased - with disastrous result!
If not for another general coming to stage a coup, after being emboldened by the massive demonstration by millions of Egyptians pissed off by Morsi creeping Islamization of secular Egypt, only God could help them. President Obama couldn't care less to lift a finger to help the demonstrators who bought into his instigation during his Cairo speech.
A lot of damage had been done by the Obama years assisted by Hillary Clinton. Their acts in toppling President Mubarak who undoubtedly was much, much better than the Brotherhood administration paved the way by Obama and Hillary Clinton, that replaced him! Do you wish to know more?
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Oct 14, 2016
Hilary Clinton Or Donald Trump
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News > Kleptocracy >DOJ Suit
This was what we discussed on MSNBC Newvine.com sometimes ago, on Obama administration, aided by secretary of state (then) Hilary Clinton.
This is of course to help American voters vote wisely in November; rather than experiment again. This time on a woman. But you decide.
DrtyRotnS0B When will Democrats tell the truth about: "Fast and Furious" "Obama Care" "Benghazi" "Boston Terrorist Attack" "Court Marshaling troops for Christianity" "Holder promising to prosecute people for bad mouthing Muslims.
They shouldn't have got rid of Mubarak. But then again they had to as they have been instigated blind right in the infamous Cairo speech. The seed for Arab spring, or disaster, was planted then.
We thought we were better; we patronized, brain-washed, and instigated the people of Egypt to overthrow their leader, former President Mubarak, although they had no real reason to. We told them if the Tunisians could do it, Egyptians, too, could do it. Try it we urged them Although life generally and economically in Egypt then was not that bad (Egyptians women could even show up in swimsuits to sunbathe at the beaches without being molested).
Mubarak had no quarrel with Egyptians but with Muslim Brotherhood. Although they didn't exactly sing the praise of Mubarak and his government, neither did they feel shackled or suffocated by Hosni Mubarak's rule. Of course, they didn't like Mubarak because he was powerful, rich and famous. But life under Mubarak while could be better was not exactly a life of misery. Compared to other Arab countries Egypt was modern and quite prosperous. No one had to starve like now.
But they erred when told that they could emulate American way life (of absolute freedom and all round prosperity) they bought into false hope of utopia that doesn't exist even in America. Poor Egyptians! They didn't realize they had been brain-washed and so fooled into believing that such a place exists and Americans are living in it! That all they have to do is fight for their rights. The rights to be governed by the government of their choice. The government that must provide them with good life like what the Americans are enjoying! If their leaders fail or refuse to meet their demands, topple them! That's the gist of the so-called Cairo speech.
The speech that planted the seed of the Arab spring - the present turmoil in the Middle East. President Mubarak was forced out not so much by Egyptians but outside forces. Libyan strongman was similarly ousted and killed. Thousands of people perished in the process. The two countries didn't become an utopia as promised but living hell. The Muslim Brotherhood that was earnestly promoted to them and influenced them to support in order to usher in a new era for Egypt, was much worse than Mubarak they replaced.
The so-called good American life that they were promised after they got rid of Mubarak was nothing but an illusion. What now? Their only hope is to wait it out until another powerful general stages another coup and gets rid of all the devils and rule Egypt like Mubarak did. I am not saying Mubarak was an angel. He was not. He was brutal, oppressive (to those he deemed as his enemies), but at least he didn't treat the Egyptian people as enemies.
Under his watch no religious fanatics dared to touch women in the streets, unlike during the reign, short reign, of the Brotherhood nominated president Mohamed Morsi.
Now life in Egypt was better after the Morsi government was toppled. Lest we forgot, the misery that the Egyptian people endured during Morsi's rule was paved the way by by Obama, and executed on the fields by Hilary Clinton - the present Democratic presidential nominee.Do you wish to know more?
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Riza Azziz And Jho Low The Men With The Midas Touch
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- Why Tun Dr Mahathir Was So Powerful When He was Prime Minister?
- A British Advenurer Who BeCame King By His Own Hand
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- Don't Be Like Murdoch
- Ananda Khrishnan
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- Anwar Found Guilty
- Why 1MDB Sovereign Wealth Fund Failed?
- Oktoberfest in Malaysia
- Warning For The Rich And Powerful
- Never Laugh At Others' Misfortune
- World▾
- Why Tun Dr Mahathir Was So Powerful When He was Prime Minister?
- Birds Take Revenge
- Even Once Mighty British Seems To Have Thrown in The Towel
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- President Trump's Blissful Errors
- Trump Had Better Keep His Promise
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- Politics▾
- Can President Trump Single-handedly Take On His Enemies And Win
- Chinese The Real Kingmaker In Malaysian Politics
- Trump Had Better Keep His Promise
- Trump Is No Obama
- Not Easy Being MCA Leaders
- President Trump: James Comey, You Are Fired
- Pak Lah Was Too Kind To Do What Was Expected Of Him
- Clash Of Titans
- Not Easy Being DAP
- Lim Guan Eng A Phenomenon
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News > Kleptocracy >DOJ Suit
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 that Red Granite Pictures produced was found to have been bankrolled by laundered money, the Department has to move quickly (true, in order to prevent the perpetrators from disposing of the assets acquired so far) but at the same time cautiously too, as it involved American citizens' and corporation/s' efforts and talents, not to mention rights, and last but not least, the production took place on US soil which means it brought jobs and revenue to America.
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, blessed with his talents, there will be no shortage of legitimate fund or investors willing to finance his future projects!
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.
Do you wish to know more?
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