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Malaysia : The failure we copy

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Malaysia : The failure we copy

Post by yellow knife on Thu Oct 08, 2015 5:47 pm

We often need bench marks. We often need challenging targets.

Every student of grade two and above know that if you copy you must copy from a brilliant guy and not from who is doomed to fail. If you copy a failure you are destined to fail.

Our way of thinking is most similar to Malaysians and its no surprise that many intellecuals in Sri Lanka know and admire Dr. Mahathir Bin Mohamad and know nothing of General Park Chun Hee.

Is Malaysia a failed state?

No..

But its not worth to copy it but worthwhile learning the mistakes they did , because these are the mistakes we are doing and about to do...


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Re: Malaysia : The failure we copy

Post by yellow knife on Thu Oct 08, 2015 5:56 pm

Before deeply analyzing and comparing Malaysia with South Korea let me share an experience  a tourist face.

One destination which attracts tourists is Fire Flies Islands of Malaysia.

You can watch them promoted nicely in youtube.

But once seen the fire-flies you would say ( being a Sri Lankan ) that you have seen more fire flies in your backyard of your Maha Gedara.


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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 7:54 am

Malaysia is similar to Sri Lanka from many aspects. Even Malay food is very much similar to Sri Lankan food than Indian food.

Unlike Korea where there is no ethnic problems, yes in Malaysia you have ethnic problem similar to Sri Lanka.

Malaysian ethnic groups

[th]Religion[/th]
Ethnic groups ([3])
Islam (official)

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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 7:55 am

Korean Ethnic Groups

Ethnic groups

96.5% Korean
1.8% Chinese
1.7% others[2]

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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 8:02 am

Let me first explore ethnic issue in a very decent manner.

=================================

One different experience tourists get from Malaysia is meeting Silver Leaf Monkeys. These silver colour adults and golden babies are the most innocent wild animals you would ever meet.

The person who assist you to feed these monkeys is a Tamil person. If you can talk with him in Tamil he will tell all about these animals . He has named the leader of the Monkey Gang as " Nambiar"...

Common commands Nambiar gets in Tamil it will do them.


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Re: Malaysia : The failure we copy

Post by HUNTER on Fri Oct 09, 2015 1:55 pm

Good one. Keep going YK! ++

I would like a little more text in one post if possible (Thicker slices) Wink
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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 2:22 pm

ok Hunter

Now I am going to sit on a volcano... Ethnic Problem.

Its a problem we have to seriously deliberate than finding scapegoats for the damage it has done to SL.

Korea , Japan and even China are free of ethnic issues.

One country that successfully overcame ethnic issues is Botswana as per text books.  But in other countries that has been a serious barrier for Development of a Nation.
======================================
 

Before we look at how the Top policy makers like Dr. Mahathir Bin Mohamed addressed that, lets look how common man on the street see this issue.

I will not exaggerate when I say that even Monkeys obey you in Malaysia if you talk in Tamil. Even though  official number of Indians (thats basically Tamils ) as 7% i believe there are more than that unofficially.

At banks, at hotels, or even in taxis you meet all Tamil people working . Even in entertainment parks Tamils are very helpful than Malays or Chinese.

My tour agent was a Tamil and I talked with him in Tamil and he was surprised to see a MR supporting Sinhalese talking in Tamil.

So our discussion was very open.

He said Tamils are not treated well in Malaysia. He pointed that at Singapore Tamils are treated really well that even a Tamil can be the Deputy Prime minister and hold top posts in that country.
Further he used to say that both Malaysia and Sri Lanka was ruled by one Tamil King one time. He showed me the map of Raja Raja Cholan era.

I refused saying SL was never completely under a Tamil king.

Anyway due to these historical issues its very difficult for Sri Lanka and Malaysia to permanently erase out mis-understanding among ethnic groups.

However my suggestion is if you learn Tamil moving in the  area of Raja Raja Cholans map will be easy.

This is enough for ethnic issue and I have no idea of discussing on that issue further but to explore the economy of the country.


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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 2:30 pm

In Malay Jalan means Street and Lorong means lane

This map shows how connected we Ceylonese to Malaysia.

42 families of Ceylonese were inhabiting this area in KL earlier.


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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 2:40 pm

Not far away from Lorong Ceylon of KL, we can discuss the economy of the country while travelling in one single street called Jalan Sultan Ismail, because almost all billionaire's headquarters are located along the road.


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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 3:07 pm

Near the Star Hill traffic lights, there is Francis Yeoh Junction, named after ethnic Chinese billionaire who owns all the major real estate around it. Shopping centers, five star hotels and office blocks.

Yeoh comes from the same back ground of Korea's Chung Ju Yung as both comes from construction. But General Park pushed Chungs to exports and Manufacturing.

But Mahathir did not push entrepreneurs to manufacturing. Mahathir launched public sector industrial projects in 1980s, and Yeoh obtained un-tendered domestic services sector privatizations in sectors like power generation.

In 1992 the Yeohs obtained, without a public tender  , the first independent power producer ( IPP) contract in Malaysia.

The terms forced the state electricity monopoly to buy their power at a very high price and this ensured Yeoh's a continuous flood of cash. Everything they needed were purchased from General Electric or from Siemens.

As a country or as a company they did nothing new. Just buy everything from other sources and just sold the power to state.

The Cash Cow was giving away so much of milk that made YTL group to offshore businesses and in 2002 it bought British water utility Wessex WAter for $ 1.8 billion, purchased electricity assets from Australia, Indonesia and Singapore.


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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 3:22 pm

When we evaluate the Malaysian power generation and our Power generating companies we don's see much of a difference.

Electricity is purchased at a higher price subject to a contract signed.

Like YTL looking beyond the country Vidullanka PLC is looking at Uganda.


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Re: Malaysia : The failure we copy

Post by Seyon on Fri Oct 09, 2015 3:25 pm

Thanks YK . I like your presentation...

It is so interesting..

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Re: Malaysia : The failure we copy

Post by HUNTER on Fri Oct 09, 2015 4:20 pm

Great!

I wish we could discuss a little more on ethnic matters in Malaysia and compare with here.

(I heard the following in streets there; do not know the accuracy)

They say, in MY, Chinese are the business owners, Indians are the hard workers and Bhumiputhras (Malays) are the lazy guys.

However, Bhumiputras get some special privileges from the government such as low business tax etc.

Regardless of the nationality, everyone should know Bahasa (Malay), so, nobody can openly claim they are discriminated due to their language ('cause they are supposed to know Bahasa).
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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 4:47 pm

Shall we postpone discussing ethnic issue for the time being . Let me first finish talking about all the businessmen around Jalang Sultan Ismail

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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 5:22 pm

A little further up Jalan Sultan Ismail form Francis Yeho Jucntion on the right at the Jalan Raja Chulan intersection is Wisma Genting.

Wisma Genting is the head quarters of the business built by Lim Goh Tong.

When you are into business whether in US, Korea, Malaysia or even in SL you have to have close link with who ever in power.

Chung Ju Yung of Korea made the transition from Syngman Rhee to his post-coup successor Prak Chung Hee and later with Chun Doo Hwan.

In the same manner Lim Goh Tong got along famously with every post-independence Malaysian leader including Mahathir.



He was a close associate of Tunku ( Tunku Abdul Rahman was the first Prime-minister of Malaysia).



In 1969 he persuaded the Tunku to give him a licence to operate Muslim-ruled malaysia's first, vast and only casino at Genting Highlands outside KL. (Kualalampur )


Genting Highlands

http://www.genting.com/history/


With casino he too created a cash cow that give away too much milk to flood. He had no big manufacturing targets given like to Hyundai by General Park.

So he bought cruise ships, started Casinos in Singapore including USD 3.4 Billion casino resort.

In 1960s under Tunku , Lim built then the longest bridge in Malaysia Sultan Yaha Putra Bridge.



Sultan Yaha Putra Bridge


In 1980s Mahathir wanted to develop the next longest bridge Penang bridge he neglected local constructors and gave the order to Chung Ju Yungs Hyundai to construct it.

In 1984 Mahathir wanted to build the biggest construction in country's history - Dayambui Complex. It was awarded to tow Japanese firms despite the fact that local companies put in low bids.



Mahathir's strategy was to learn not by doing but by giving construction projects to Japan and Korea for quality.

Malaysian tax payer footed the bill and Malaysians learned nothing.

Lims hgiographic biography ends saying " He is an exemplary corporate citizen. he has compiled with perhaps every rule and regulation and policy made in Malaysia "

the tragedy of Malaysia is that this is largely true. Unlike teh Chungs of Hyndai, or the Lees of Samsung, Malaysian businessmen were never compelled by the state to make any form of development distribution.


Last edited by yellow knife on Fri Oct 09, 2015 5:38 pm; edited 1 time in total

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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 5:34 pm

This is the next mistake doing/done in SL.

Construction and manufacturing projects with daunting challenges should be given to local firms.

Then Sri Lankans would learn how to do it. Once all big projects are given to foreigners locals learn nothing.

Hyundai was given big projects and even if the company made losses they could learn and develop big projects else where.

AEL and Dammika Perera naturally comes to any investors mind after reading about Lim


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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 6:02 pm

Next along our street we can view Crowne Plaza ( formerly Hilton ) now owned by Syed Mokhtar al -Bukhary and his headquarters Complex Antarabangstar next door.



Syed Mokhtar became Mahathir's pet entrepreneur. Mahathir lavished Syed Mokhtar with electricity generation deals and state financing to build new container port at Tanjung Pelepas.

The great billionaire took the cash flow and poured it into relatively passive investments in mining, plantations, hotels and real estates.



He is a proxy used by ethnocentric ruling party to run business and this is how wikiepedia describe him.

A major gripe by Malaysians is that Syed Mokhtar is reputed to be just a proxy of UMNO (United Malays National Organisation), the ruling party in Malaysia since independence.
He has been identified as a major beneficiary of political connection that have given his subsidiary companies monopoly control over crucial Malaysian sectors which includes sugar mills, rice distribution (Bernas), power plants generations and trading ports

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Re: Malaysia : The failure we copy

Post by yellow knife on Fri Oct 09, 2015 6:05 pm

The term relatively passive investment is not a term used by me but by a very good researcher on East Asia , Joe Studwell.

But isn't that term Passive investment apply to all investments of Meril J Fernando and the rest of investors whom I admire most.

We as a nation has become relatively passive.

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Re: Malaysia : The failure we copy

Post by yellow knife on Mon Oct 12, 2015 10:37 am

A little further north, on the west side of teh Jalan P.Ramlee intrsection , is Menara Hap Seng, formerly MUI Plaza, which for decades was the headquarters of fallen billionaire Khoo Kay Peng. Khoo got on the wrong side of Mahathir in the 1980s and stopped receiving state concessions. The fall of Khoo is a reminder that state discipline was not absent in Malaysia, just  that it was not directed to appropriate ends.


He is the 44th richest person in Malaysia, with an estimated wealth of US$300 million according to Forbes.[3] However, the Financial Times suggested he was worth an estimated £400 million in February 2014.


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Re: Malaysia : The failure we copy

Post by yellow knife on Mon Oct 12, 2015 10:49 am

On the right is Pohas Perkasa, a large development put up by Wan Azmi WAn Hamzah, a fallen bimputera tycoon before the Asian financial crisis. Like so many, Wan Azmi rose and fell in real estates.



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Re: Malaysia : The failure we copy

Post by yellow knife on Mon Oct 12, 2015 10:59 am

The next block south is Quek Leng Chan's Wisma Hong Leong headquarters. Quek is a banking and real estate billionaire although over the years he has done as much manufacturing as any Malaysian oligarch-from an air-conditioner business to downstream steel rolling to downstream finishing of semiconductors For some reason a s London-trained lawyer is the closest thing to a private Malaysian Manufacturing entrepreneur of scale, though by Korean standards he is not close at all.




YBhg Tan Sri Quek Leng Chan studied in Victoria School in Singapore and is qualified as a Barrister-at-Law from Middle Temple, United Kingdom. He has extensive business experience in various sectors, including financial services, manufacturing and real estate. He is the Chairman & Chief Executive Officer of Hong Leong Company (Malaysia) Berhad (“HLCM”), Executive Chairman of Hong Leong Industries Berhad (“HLI”), Hume Industries (Malaysia) Berhad (“HIMB”), Hong Leong Financial Group Berhad, GuocoLand (Malaysia) Berhad, Camerlin Group Berhad and Chairman of Hong Leong Bank Berhad, HLG Capital Berhad (“HLG”), Hong Leong Assurance Berhad, Hong Leong Islamic Bank Berhad and Hong Leong Foundation (“HLF”).
Quek oversees the Malaysian operations of the Hong Leong Group while his cousin and fellow billionaire Kwek Leng Beng oversees the Singapore operations.

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Re: Malaysia : The failure we copy

Post by yellow knife on Mon Oct 12, 2015 11:13 am

Over the Quek's block one can see the world famous Petronas Twin Towers.

Once again it shows the realationship with Sri Lanka. A Sri Lankan born Tamil Buddhist Ananda Krishnan owns that.

Ananda Krishnan was born in 1938 in Brickfields, Kuala Lumpur's to Tamil parents, who were Sri Lankan origin. He studied at Vivekananda Tamil School in Brickfields, Kuala Lumpur and furthered his studies at Victoria Institution, Kuala Lumpur. Later, as a Colombo Plan scholar, he attended the University of Melbourne, Australia for his B.A. (Honours) degree majoring in political science. During that time he boarded in the Melbourne suburb of Hawthorn. Following that, Krishnan obtained Masters in Business Administration from Harvard Business School, graduating in 1964. He is a batchmate of Sri Lankan businessman Upali Wijewardena.

Krishnan has 2 daughters and 1 son. His only son is a Buddhist Monk.

Father and Son

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Re: Malaysia : The failure we copy

Post by Backstage on Mon Oct 12, 2015 12:26 pm

Not only am I getting to know Malaysia's commercial history, I am also getting to know what to expect if I take a left turn at the Jalan P. Ramlee traffic lights. Amazing, I feel like YK is holding my hand and strolling downtown KL while rattling off its history and architecture. YK is turning the forum into an online university.

btw, is the term "Bimputera" a hispanic version of Bhumiputra ?
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Re: Malaysia : The failure we copy

Post by yellow knife on Mon Oct 12, 2015 3:24 pm

For the time being

Bumiputera or Bumiputra (Jawi: بوميڤوترا) is a Malaysian term to describe the Malay race and other indigenous peoples of Southeast Asia, and used particularly in Malaysia




In this era our learning is different and  we can take the maximum use of E-world. If you have time why not you walk along KL


Exactly at 34.48 you can stop and read the writing on the wall.


HOMELESS IS NOT A CRIME


So like in US you don't have beggars but Homeless.


Further if you walk here at night you would see sex-workers all around..Unlike in SL they would wear the maximum less 


Bukit means Hill.. Bukit Bintang is a notorious area to walk at night.


So if you dont like to walk along Jalan Sultan Ismail, you can take a u turn and go to Bukit Bintang




https://youtu.be/d6sSCs6k1hY?t=2088

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Re: Malaysia : The failure we copy

Post by HUNTER on Mon Oct 12, 2015 3:46 pm

Backstage wrote:.... Amazing, I feel like YK is holding my hand and strolling downtown KL while rattling off its history and architecture. ....

The way it goes, I think all of us will end up somewhere near Lorong Haji Taib.

---------------------------------------------

Good write up YK ++
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