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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?

Nov 6, 2016

China The Fast Learner









The Chinese Fast Learner

China - possibly the nation with the biggest foreign exchange reserves of the planet - could

buy everything that money can buy. Checked.

It appeared it had already'laid waste' to

Africa, gobbling up all minerals and strategic resources the continent could offer.

Checked.

One by one, the resource-rich African countries fell like ten pins to its cash and

aid in exchange for the raw materials, China needs for its hungry factories. Checked.

Earlier, it had to be nice to many foreign governments or even dictators in order to

secure supplies for its insatiable industries. That's history. Although there are certain things

the world need to be nice to China for, too, - like certain rare earths mineral which goes into

electronic products like LCD and Plasma TVs, and which China is the world #1 exporter, in most

instances China is the importer. Checked.

China was relentless in determined efforts to

tie up guaranteed supplies of raw materials for its factories. It can be safely said that it has

seen to that. Checked.

China has come a long way since Deng Siow Ping started to embrace

the capitalist system, and it had not looked back since. Checked.

In a short space of time

since the start, China has succeeded spectacularly in all fields. Checked.

Aided by its

industrious and innovative citizens, China had transformed from always praying and eagerly

waiting for American planes or helicopters to crash somewhere so that it could get its hands on

the American technology. While it cannot design state-of-the-art machines like the Americans,

it's damned good at copying and, of course, learning. Checked.

It can now design and float

satellites to stay aloft like the Americans and Russians. Before its spectacular success, China

turned to Russia (fellow communist country) for its battle ship and military aircraft needs. Its

power then of course was limited although it has the big population to dwarf ten or twenty big

countries combined. Checked.

It wisely realized it has to produce its own planes, ships,

tanks, fighter aircraft and rockets. And it needs aircraft carriers if it wanted to project its

power and influence far and wide. This has also been seen to too. As its economy grew rapidly, to

even overtake Japan as the planet's second largest economy, it needs to protect its trade

partners and influence including shipping routes. And without military power strong enough to

deter its enemies China would be just a regional power, if not paper tiger. Checked.

A

nuclear device was quickly designed, tested and modernized to join the nuclear club. Its genius

people - who once was the world's first to know how to make modern tools and weapons - worked

hard to catch up with the developed military powers of the world. It can now pulverize military

satellites in space at will; its nuclear missiles or inter-continental ballistic nuclear missiles

could ensure mutual destruction if it's attacked. Its stealth fighters have also been

successfully designed and tested, and in production. For many people or countries, after the

spectacular success, some might want to slow down. Not China. It's relentless juggernaut that

will be cobbling up almost all resources such as bauxite that Pahang people are frantically

mining to --supply to China, of course. For China, money is not a problem. And smartness in

clinching deals also! In short, nothing can stop China - money, innovation or industriousness.

Sky is the limit! Checked.

Do you wish to know more?




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