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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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May 15, 2017
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James Comey Could Count On The Democrats, Regardless
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News > James Comey A Big Man But Has A Small Heart! > Want His Loyalty? You Have To Force It Out Of Him!
By:David Lang
May 11, 2017 Updated Today:May 11, 2017
Still Skeptical? Just Do Like The Clintons Do: Compel Him By Bribing Him Or Warn Him What 'The Bermuda Triangle' Can Do To People If They Refuse To Do As Asked !
President Trump had fired James Comey practically on everyone's urging; so to resurrect him as a hero of the moment or to call him a principled person who was victimized for his looming conclusion of the FBI investigation, was never more further from the truth. Checked.
He was never principled, as shown by his exoneration of Hillary Clinton over claasified email scandal, regardless; nor was he so urgent in getting to the bottom of the FBI so-called investigation that he actually made a request, he said, for more resources such as for more personnel or money to quickly bring the investigation to a conclusion President Trump and other fair-minded Americans wanted. Checked.
No! What's actually happening was James Comey decided due to a reason, that the furthest he could go (talk about it) was just to announce or confirm that there was an on-going investigation against Trump or Trump associates or team over possible colludion with Russia, but could not let anyone in on whether he had made any progress or questioned any Russians, or subpoenaed any in case they refused to cooperate? None; the FBI directer was not blamed only as he cited regulation in place which allows him to refuse to answer any questions about any on-going investigation, and he got away with it. Checked.
This left many people - ordinary people and political leaders sort of in a bind, a catch22, if you will. Checked.
James Comey knew all along his actions were contrary to normal justice he had sworn to uphold, and that his position would be untenable as a result. But he believed he had erred in sending a letter to congress about Hillary Clinton mistakes in handling classified information which everyone knows is a crime, days before the final vote of an on-going general election, and wished to make amends! Checked.
Say what you may about Clinton's bad behaviors or whether she's good enough to win the White House, she had the right to be furious with the FBI directer for maybe causing her the loss to Donald Trump. Checked.
Everyone knows or tends to regard him as a good man but fate had decided otherwise. He was an Obama appointee and morally duty bound to choose sides of the political aisle although he may have sworn to be loyal to the government he's serving. He chose his former boss's side. There, therefore, was no mystery here about where his loyalty lay. When he called a press conference to announce his relooking into the Clinton email scandal just days before D-day, if you will, so exasperated President Obama that he didn't mince his words in taking Comey to task! Other top leaders Democratic party also declared war on James Comey, saying he had lost all credibilty and probably broke the law and should face the music. They were so angry that they probably wished him dead! Cheched.
James Comey had no quarrel with President Trump, and could even feel some gratitude for the President for being kind enough to keep him as FBI head, but then he awoke from that dream and returned to the real world with a guilty conscience.. that he primarily was responsible for denying Hillary Clinton of her dream - to be the 45th president of the US. Checked.
He swore again and again, that he would do anything Hillary Clinton asks of him. All he wants (in return) perhaps is her forgiveness. Checked.
Would Hillary Clinton be magnanimous enough to forgive the man who cost her the presidency? Yes, she would - provided he did as he was told. After that, James Comey lived only to serve the Dems and, by extension, became a tool. Checked.
CNN said it was the intelligence communities - meaning the CIA and FBI which came forward with what CNN called a bombshell, that Russia helped Donald Trump win the 2016 election, by disparaging Hillary Clinton as a candidate. Checked.
But according to CNN, the FBI or CIA also cautioned that the information's from unknown and unverified sources (so don't publish it as if it's true). It's doubful, if you will. But this type of information is harmful to Donald Trump, if harnful to Donald Trump it doesn't matter where it comes from, for them, the MSM gleefully seized it like godsend from heavens which fit in with their ambitious plan to destroy Donald J. Trump's presidency! One Hillary Clinton's order had been carried out? Checked.
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