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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.
Jun 22, 2013
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Feb 15, 2013
How To Repair Your Own Refrigerator And Save A Bundle
The Free Gazette › News›opinion
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Jul 25, 2011
Blasts rock Tripoli
The RAF did it again
During the second WW the RAF few -- as they were then affectionately referred to due to their bravery and superb pilot skill in their historic, epic battle against the mighty German Luftwaffe over London -- brought much glory and pride, as well as hope, to then Great Britain, struggling to fight off a determined Hitler who wanted to conquer it.
Jul 23, 2011
China's Dilemma
South China Sea could be next flash point that could be the mother of all flash points
Why China has become somewhat less visible and aggressive on the world stage for a while now, we could only guess.
How to repair your own refrigerators
How To Repair Refrigerators In Easy Steps
Hi, I am a Mr. Refrigerator Mechanic; or you can me Mr. Your-food-preserver, or whatever. You see I fix refrigerators for living. Are you listening? I am writing a book, a book that will teach you to repair your own refrigerators (or others') and save (or earn) you a lot of money.
Jul 22, 2011
David Cameron's Insouciance
David Cameron went in to face the Common's culture, media and sport select committee as a man full of confidence.
He knew what to say; mostly defending his aides and staff, saying what they did was entirely proper.
Jul 15, 2011
Unbridled quest for power and wealth often leads to nowhere but back to square one, if lucky, or, worse, ruin
History is replete with examples of greed and of the follies in the pursuit of same. And history has always been fair to all players. If you screw up, you get burned.
Murdoch could have acquired a few newspapers or tabloids and stop right there. If all he wants is to fulfill his boyhood dream of being a journalist, or chief of journalists, or to provide news to the world what is wrong with owning just a few newspapers or periodicals? Even if he wants to cut corners by acquiring a top news organization, like the Wall Street Journal or the New York Times, is fine, by all means -- but that's it.
It increasingly looks like this is not the case. It increasingly looks like he lives only to acquire wealth and the power that comes from it, at all costs. Journalism to him is just a vehicle -- a familiar vehicle -- towards those ends; it has nothing to do with love of journalism that many people have thought of when Rupert Murdoch is mentioned.
He is insane with this desire to outdo his rivals and dominate them all. He has stopped at nothing to make sure he realizes his dream (of being recognized as the head of the greatest news empire of all?).
He is as smart as he is ruthless.
And when it comes to dealing with people who could disturb his plan, people like the Chinese leaders he chooses to be non-confrontational. For example, when a story of Chris Patten, the last long serving governor of Hong Kong (effectively the story of the long British rule of its last colony) was supposed to be published, he didn't want to risk angering the Chinese for many reasons and so shot down the idea.
Murdoch thought (wrongly) by treading carefully, he can avoid pitfalls; but he forgot one thing: News Corp is not a one-man show thing.
The more people he hires the more his company grows, but..also the more chances for things to go wrong, terribly wrong.
His employees are just ordinary human beings. They have their own feelings about how things should be run; dreams to realize or desires to sabotage or take revenge.
When the phone-hacking scandal erupted, people thought Murdoch went to far already; but did he?
This is an example of how you can own all but not control all. Day to day operations are left to the editors or chief editors to do as they please -- and, who knows, they may be pleased to see News of The World, for example, fold up, for a reason, or even want to pursue their personal agendas. The phone-hacking scandals didn't happen by accident or was an isolated incident.
It could be just the tip of the iceberg.
Murdoch can't possibly remember how many toes he has stepped on; these people may now be waiting to have their revenge; some may be at work right now conspiring to bring him or News Corps down; his rivals will come up with speculations or even outright accusations that Murdoch has done this or that, to do him in, and then the regulating agencies or authorities swooped in.
For Murdoch, the closure of the News of the World and the scandals and all could turn out to be just a temporary setback.
For News Corporation's sakes, let us hope that will be the case.
But if he keeps doing it (targets rival news organizations for takeover), he will surely end up stepping on too many toes for his own good.
Jul 14, 2011
A monk like no other
Once upon a time sometime ago, there came a monk who intrigued and aroused the passion of hundreds of housewives of a village at the foothill of Green Lane.
It was not known how the monk -- a Siamese monk -- came to the place. Someone (a housewife, perhaps) must have invited him there. It is common for Chinese people, especially housewives, to seek blessings from and to offer alms to Thai Buddhist monks.
These monks will sprinkle holy water on the devotees who in turn will offer foods and money to the monks.
The monk on whom this story is hung was no different; he blessed people, and that was probably how or why he came to the village.
But that was not what we are interested in; we are interested in what he was said to possess -- or shall we say endowed with -- and what he was said to be capable of performing certain feats with it.
Whenever the monk -- whom I shall call Phra AhCharn Sang, his real name -- turned up (usually at our next door neighbor's house), a hive of activity followed.
The news about this special holy man spread fast, mostly through words of mouth. Soon a of horde of devotees descended on the house.
Although I was aware of the going-on next door, it was my sister-in-law who was herself a devotee who filled me with the lurid amazing details about the Thai holy monk.
No, Phra Sang, how he was also called, was not popular because he possessed magical power to cure your illness by just touching you, like Jesus Christ; or give you winning ToTo numbers; but for owning an extraordinary penis, and what he could do with it!
According to my sister-in-law, this monk, or shall we say this monk's private part -- which they referred to as cerut (cigar in English) -- was able to hold two whole young coconuts simultaneously!
According to my sister-in-law, the super penis was discovered by chance.
As we all know, monks always sit -- whatever the place -- a level higher than lay people. They would sit cross-legged like the Buddha statue; and as we all know nobody can sit like that forever (except the Buddha), they have to uncross their legs sometimes, to release tension or let the blood flow.
So, one day, when this monk uncrossed his, it happened! He unwittingly exposed his manhood to the congregated ladies in front. Although it was only momentarily, it was enough for them to grasp what they saw; gasped, became silent, and then burst into laughter! Soon the monk himself saw the funny side of it and started laughing too.
He apologized for unwittingly exposing his private parts to them, blaming on his yellow robes (malfunction).
But the surprised turned curious ladies, with their inhibitions thrown to the wind, told the monk "Don't worry; we have seen this thing before -- except...!..er..not like this!" "We know it was an accident, but even if it was not we don't mind. On the contrary ...it would...be great.." "You mean you want to see it again? The priest asked sheepishly, feeling a little not himself. There was a moment of silence while the housewives whispered into each others' ear. "Yes! Yes! Yes! We want to see more, please!" They replied in unison.
And without further ado, the monk lifted his robes up to his shoulder, to expose what could be one of the biggest and longest cigars in the world.
My sister-in-law did not say what transpired after that (whether the audience or any member of the audience was invited to check out the monstrous penis). But she did fill me with another story about another "ceremony" which the priest performed to perfection.
He asked his audience to bring him a young coconut of any size so that he could show them how rigid his penis was.
But instead of doing as she was told, one of the housewives brought two very large green coconuts!
"Two coconuts! Are you crazy? I asked you to bring me one coconut but you brought two, and very large ones at that," he pointed to the two fruits, instantly realizing he should not have played games with these ladies. "How am I going to hang those two monstrous coconuts on a penis? One of them could be too heavy already," added the somewhat worried monk.
But the housewives ignored the Phra Ahcharn Sang's protest or reasoning. They couldn't be stopped now. They wanted to see the two coconuts hung on the monk's phallus so much that they were prepared to do it manually themselves if necessary.
However, the presence of these ladies, especially the young and beautiful one (who happened to be my own girlfriend), so near and ogling his rock-hard cigar, helped make his task somewhat easier.
He was on fire!
He was beyond caring. He didn't care if they put three coconuts on his giant penis.
Although my sister-in-law didn't fill me in with the juicy details of what might have transpired between the monk and the aroused 30-something ladies, she told about what transpired between my girlfriend and the priest.
Apparently he was hitting on her when he told her he could cleanse her inside-out -- to make her free of evil spirits and make her even more beautiful he said, but..she must meet him at a Burmese Temple in Burmah Lane, where he was staying.
I was beside myself with anger and worry when I heard she actually planned to go and meet him.
I don't know what made her want to do it; was it his penis or his promise to cleanse her with lime water and chanting? Most Chinese did (still do) believe in Buddhist monks bathing them with holy lime water.
However, in the end, I put my foot down and, thanks to the Buddha, it worked!
Jul 11, 2011
What I wrote on Newsvine discussion today
Folks,
Relax. Don't worry too much; the 'straying pilots' were not there to inflict any harm on your 'deserving' president, not yet any way.
Those bewildering fliers were just doing some initial due diligence. Due diligence for what? you ask.
Due diligence can be for any purpose. If, say, Citibank wants to set up a local branch, it needs to evaluate if it will be viable.
But these guys being intercepted by NORAD fighter jets were obviously not in financial business. Therefore, they could...
Reply#25 - Monday Jul 11, 2011