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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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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

'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

Anwar: 505 rally will go on - Nation | The Star Online

Anwar: 505 rally will go on - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Feb 15, 2013

How To Repair Your Own Refrigerator And Save A Bundle





when I received a call the other day (night) from a Miss Lee complaining about her fridge not working (she noticed the temperature inside the fridge was warm comparable to room temperature), I asked her to check if the fridge's power switch was at on or off?

Dec 22, 2018

Theresa May Still Has A Way Out





Theresa May Should Return To Her Original Position That NO-deal Is Better Than Bad Deal!

By David Lang

December 22, 2018 Updated Today:December22, 2018

Theresa May Still Has A way Out

If I were the prime minister Theresa May, I would utilize the limited time that she has before the January 14..and take a relook at the agreement she had reached with the EU --to see if the deal could be better. Or was it what it says on the tin or what she's fond to claim..that this deal is the best; it stops the free movement and gives back control of our borders and destiny. If it does, fine. Go ahead submit to the Commons on 14th January. If it does not, go ahead to have the vote anyway but don't push too hard for it to be passed - just relax and let the MPs do their duties. Leave it to fate -- if the the deal is voted down, good, count yourself lucky; for if the withdrawal agreement is approved, you and England are both done for. You will be blamed for selling out your own country, though unknowingly (she would not be hanged but given life sentence for lesser charge of incompetence). Britain will be a dependency of the EU forever without freedom to strike any deals with the world unless permitted by the EU masters.
Judging by the behaviors and statements exhibited by the EU almost 24/7 daily, it's safe to assume that the EU could only countenance an agreement that adequately insulates the EU from the harms posed by Brexit and also ensures Britain don't outshine the EU in all sectors. According to Sir Simon Fraser, quote: “I am not a catastrophist, but let us be clear: this is going to be an incredibly difficult, tough and complex negotiation. One of the objectives of the EU side is to make it absolutely clear to anyone else thinking of leaving the EU that this is not a good idea."
It can be assumed that the EU forced May's hand to take the only deal on the table or leave it. Apparently May took it as she had no choice -- the clock is ticking. She took the deal. This deal which was described by two Bloomberg columnists was too good for the EU and therefore too bad for the UK, making it rather pointless for the UK to trigger Article 50 and negotiate hard to exit the EU for even less benefit than staying put. The Bloomberg columnist describes the deal that Michel Barnier granted Theresa May, or Theresa May got from the EU was designed to pour cold water on similar idea by any EU 27 members!
So, granted then the withdrawal agreement that Theresa May brought back from the EU was worthless. It didn't deliver like what it says on the tin. So where it leaves Theresa May then? She should keep her word to submit the deal to the Commons on the January 14 but to refrain from fighting hard for the yes vote. The best scenario for her is the deal is rejected; so that she can start working for no deal (which will whitewash her failure to obtain a better deal for the UK. Any fallout on her from her now confirmed not best deal but in fact worse deal, can be minimized by supporting the no-deal Brexit which she never abandoned but supported it earlier when she declared "No-deal is better than bad deal."
I say probably. There's still a chance to get out of your quandary, and even be praised for your loyalty to your country. Firmly reiterate your stand there will be no 2nd referendum --if any of your cabinet members try to promote it, nip the proposal in the bud. Firmly give orders to prepare for no-deal Brexit. If asked why she seemed less and less enthusiastic about her own "best" deal, just say after taking into consideration what others including your own party MPs have said about the deal including what the EU and Leo Varadkar have insisted that there will be no deal without the backstop, and no 12-month backstop, you explain your position haven't changed, that a no-deal is better than a bad deal.
With no deal Brexit you would have fulfilled your promise to deliver the Brexit that people wanted - what it says on the tin, if you will. You will not be consigned to the dustbin of history for betraying your own office and Great Britain. You would have saved 39b which could be used to defray costs to sustain Britain for a while.
Your cabinet members could argue for the money to be paid anyhow, for their own private reasons. But stand firm and argue we are going to need every penny we can get to help minimize the effects from leaving the EU without a deal. Refer to your Tory colleagues's stand that the 39b will be paid only when we get the agreement to leave the EU. Stop being swayed by threats from the EU and the Irish Republic who have themselves to blame for making the deal look so bad (in order) to deter copycats among the EU's 27 members, but at the same time also unknowingly make it unpalatable for the Tory MPs. Checked. Never entertain any request to reopen the negotiation which they earlier ruled out, even though tempting. Stick to your statement: "No deal is better than bad deal." Checked.

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