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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 23, 2017
Can President Trump Single-handedly Take On His Enemies And Win
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News > President Trump's Coming Nightmare! >His Impulsive Behavior Has Consequences!
By:David Lang
May 23, 2017 Updated Today:May 23, 2017
President Trump Woes Are His Own Creation. Therefore He Can Make Them Disappear If He Wants To!
A lot of people (his supporters and detractors included) have said they can't believe this is taking place - a person (a president at that) could be so detached from reality that he thought he could do anything say anything and won't be be aware or worried, if you will, about anything as a consequence of that. Checked.
We are, of course, talking about President Trump. Checked.
For the last two weeks, or three weeks, especially during the last two weeks - or shall we say, after he fired FBI directer James Comey - President Trump have not been watching out. Checked.
He is acting like he's not concerned about what might happen (to him or his administration) if he carries on like this. He must be aware that few people, especially the Dems and especially Hillary Clinton herself, had expected him to win (the 2016 presidential election) and they are extremely unhappy when he did, and would do anything to undo his win. Checked.
That's why the story of Russian-Trump collusion was invented and told. Checked.
Many people also believe Trump was a victim of his fallout with the intelligence communities like the FBI and CIA. Senate Democratic minority leader Sen. Check Schumer, had even predicted Trump would one day regret his criticisms of the intelligence communities. His prediction seemed to have come true! Checked.
After he fired James Comey, even more people want to do him in - the FBI directer himself, of course, and his friends in the FBI and MSM such as The New York Times, The Washing Post, MSNBC and CNN, just for example. Checked.
These people are mounting a 24/7 relentless campaign to remove him from office, and they seem to be succeeding. Checked.
Added to the Trump's woes was the stunning appointment of Robert Mueller as special counsel by the deputy AG Rosenstein who all of a sudden decided to act. Still no news why he rushed to appoint Robert Mueller, and whether the real AG himself was consulted. But one thing was certain, Mueller was no friend of Trump if that's what President Trump thought! Still, politicians of both sides of the aisle had sung praises of Robert Mueller so we have to wait and see what the special counsel can find out, whether President Trump had committed any crime. Checked.
As the media or the Left and Dems have been leveling accusations after accusations against President Trump so thick and heavy in the air you can even use a knife to cut it, his presidency is in danger unless he watches Bob Mueller like a hawk! That he warned the special counsel that his job was to ascertain whether he or his campaign did conspire with Russians against US interests - not how much his company earns or with whom it does business with. Checked.
The play using the so-called James Comey's memos (which he claims he never neglects to record all his activities in including his interaction with people other than Donald Trump during his course of duty) has continued unabated. You know why? Because they get something out of it (the New York Times and The Washington Post, just for the example, have been working consistently for the downfall of President Trump, feel that they have found something that could be the beginning of the end of President TRUMP and his government; James Comey - his revenge against President Trump for sacking him, and the person who acts on behalf of James Comey, must also want something out of his trouble which the former FBI directer IS sure to view him with affection and reward him appropriately.Checked.
The only problem - or shall we say the question - do the Comey memos actually exist? For their good let's hope they do. Checked.
Another question, and this is more important, are they sure that James Comey has been truthful with them 100% and that he will not betray them in the end - and leave them holding the baby alone! Checked.
Perhaps they have thought about that too but their hatred of President Trump have blinded them, and since Comey also has an ax to grind with Trump their common enemy, they decided to trust Comey. Checked.
President Trump had been shifting his positions he had envisaged during when he was Candidate Trump too - his intention to confront China on currency manipulation, 1-China policy and South China Sea artificial island building, his opposition to the US getting involved in civil war in Syria and his wish to let President Assad be; his Muslim ban..(quote: "Islam hates us. There is a tremendous of hatred in them for us. I don't know where in the religion of Islam. But they hate us so much! A tremendous hatred against us!"), Muslim Brotherhood ban and may reimpose Muslim registry, and last but not least, to build the wall and ask Mexico to pay for it, etc.etc.etc. - but miraculously there was no sign his supporters are deserting him! Checked.
Michael Goodwin of The New York Post was right when he said what Trump must do (or don't do, if you will) if he wants to save his presidency. Checked.
According to the Fox News contributor and The New York Post columnist, Trump have made so many mistakes that it will take a miracle to get himself out from his present quagmire, and there will be no dead branches extended for him to grab, so to speak, from passers-by repelled by his impulsive and insensitive actions. Checked.
Michael Goodwin says, quote: "President Trump has Dems (and even some Republicans) gunning for him." But according to him, it's not too late for Trump to save his presidency if he can discipline himself to stop his habit of speaking or acting first and thinking later. Period. Checked.
Trump's habit of no-holds- barred attacks on other people which can also hurt him, can be traced back to his battle with GOP hopefuls for GOP national nomination may have earned him the nomination but in the process he had stepped on too many toes for his own good. While the GOP hopefuls were decent people and many indicated they didn't hold grudges forever, many Americans came away from watching him humiliate his fellow GOP presidential aspirants with distaste in their mouths. This caused people to lose respect for him and add to that the relentless demonizing of him by the Left and Liberals and the Dems, you can expect his respectability to dose-dive gradually. The chilling effects of that were seen everywhere across the country: the judges thought nothing of banning his Muslim ban and travel ban without even a hearing. Such was the (dis)respect they accorded the president of America. No other presidents have been treated with so little respect like President Trump.Checked.
According to Michael Goodwin, who seemed to sum up that the president's behavior post his firing of James Comey was the straw that broke the camel's back! His inability to stick to the Rosenstein's memo which completely demolished James Comey's characters was a big loss to President Trump. If he didn't give that interview to Lester Holt of MSNBC he won't be in this mess with the FBI directer as he (Comey) would lack the moral high ground, or may not be even plotting revenge as he's now as he knew it was Rosenstein who lobbied President Trump to fire him! But Trump was smart (or maybe he's just in his mood swing to change his story, again) that a few hours or days later (I am not sure which) he maintained his decision to fire Comey was not a mistake - the Deputy AG Rosenstein also lobbied for Comey's dismissal, he said. Which almost repaired his image in the eyes of the American people, though not his media critics such as Lester Holt who rewrote the script about James Comey firing saga - from recommendation by deputy AG Rosenstein to Trump's angry about Comey's investigation of him! And Lester Holt attributed the changed narrative to Trump's own words spoken to him in person! Checked.
Trump may not agree with Lester Holt's linking his dismissal of Comey to the on-going investigation of Trump-Russian collusion, but what can he do to rectify it? Nothing as the president is not the chief editor of the MSNBC! So, he's going to be burned at the stake if, that's, if Robert Mueller wants to grant James Comey 'revenge!' Checked.
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