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Saturday, 31 December 2011

Enter the Dragon Year 2012 , with hope, fear, or both?

Chinese Dragon


China moves to centre stage

THE STRAIT TIMES by IVAN KRASTEV

The most striking contrast when comparing today’s American world with a possible Chinese world of tomorrow is how their people experience the world beyond their borders.

FOR a European these days, thinking about the future is disturbing. America is militarily overstretched, politically polarised, and financially indebted. The European Union seems on the brink of collapse, and many non-Europeans view the old continent as a retired power that can still impress the world with its good manners, but not with nerve or ambition.

Global opinion surveys over the last three years consistently indicate that many are turning their backs on the West and – with hope, fear, or both – see China as moving to centre stage. As the old joke goes, optimists are learning to speak Chinese; pessimists are learning to use a Kalashnikov.

While a small army of experts argues that China’s rise to power should not be assumed, and that its economic, political, and demographic foundations are fragile, the conventional wisdom is that China’s power is growing. Many wonder what a global Pax Sinica might look like: How would China’s global influence manifest itself? How would Chinese hegemony differ from the American variety?

Generally, questions of ideology, economics, history, and military power dominate today’s China debate.

But, when comparing today’s American world with a possible Chinese world of tomorrow, the most striking contrast consists in how Americans and Chinese experience the world beyond their borders.

America is a nation of immigrants, but it is also a nation of people who never emigrate.



Notably, Americans living outside the United States are not called emigrants, but ‘expats.’ America gave the world the notion of the melting pot – an alchemical cooking device wherein diverse ethnic and religious groups voluntarily mix together, producing a new, American identity. And while critics may argue that the melting pot is a national myth, it has tenaciously informed the America’s collective imagination.

Since the first Europeans settled there in the 17th century, people from around the world have been drawn to the American dream of a better future; America’s allure is partly its ability to transform others into Americans. As one Russian, now an Oxford University don, put it, ‘You can become an American, but you can never become an Englishman.’

It is, therefore, not surprising that America’s global agenda is transformative; it is a rule-maker.

The Chinese, on the other hand, have not tried to change the world, but rather to adjust to it. China’s relationships with other countries are channelled through its diaspora, and the Chinese perceive the world via their experience as immigrants.

Today, more Chinese live outside China than French people live in France, and these overseas Chinese account for the largest number of investors in China. In fact, only 20 years ago, Chinese living abroad produced approximately as much wealth as China’s entire internal population. First the Chinese diaspora succeeded, then China itself.

Chinatowns – often insular communities located in large cities around the world – are the Chinese diaspora’s core. As the political scientist Lucien Pye once observed, ‘the Chinese see such an absolute difference between themselves and others that they unconsciously find it natural to refer to those in whose homeland they are living as ‘foreigners.’

While the American melting pot transforms others, Chinatowns teach their inhabitants to adjust – to profit from their hosts’ rules and business while remaining separate.

While Americans carry their flag high, Chinese work hard to be invisible. Chinese communities worldwide have managed to become influential in their new homelands without being threatening; to be closed and non-transparent without provoking anger; to be a bridge to China without appearing to be a fifth column.

As China is about adaptation, not transformation, it is unlikely to change the world dramatically should it ever assume the global driver’s seat. But this does not mean that China won’t exploit that world for its own purposes.

America, at least in theory, prefers that other countries share its values and act like Americans. China can only fear a world where everybody acts like the Chinese. So, in a future dominated by China, the Chinese will not set the rules; rather, they will seek to extract the greatest possible benefit from the rules that already exist.

Ivan Krastev is Chairman of the Center for Liberal Strategies in Sofia and a Permanent Fellow of the Institute for Human Sciences, Vienna.

2012, a new year’s field of wishes


A new year’s field of wishes

ON YOUR OWN by TAN THIAM HOCK

TODAY is the last day of 2011. Congrats for having survived another business year. Hope you have stayed healthy too.

As an entrepreneur, based on a scale of one to 10, have you had a good year? Moderate year? Or just another year that you would like to forget? What are your wishes for 2012 and beyond?

What if I start an entrepreneur wish list that I will send to our dear Prime Minister? Would you support me and write to me the one wish that you think should be included in the list? But please do not send me letters or post cards as I have no intention of physically delivering the sack loads to Putrajaya. It is bad for my poor back and also my golf swing which will then go from bad to worse.

And no long messages or long winded explanations either. He is a very busy man. If possible, keep it to one word. That should catch his attention.

If you are still uncertain on how to approach the one word, perhaps, I can be of some help. For instance, we will have an acronym eWISH1M which is one Malaysian entrepreneur wish. Then, from the dictionary, just pick one word and I am sure his circle of advisors and strategists will be able to analyse it from many different angles, some of which even you are not aware of. Here is an example:

To our dearest YAB PM eWISH1M “field”



If his super smart advisors interpret field as an expanse of open or cleared land suitable for pasture or tillage or playing, then he will recognise the wishes of the people to preserve the few green lungs and playing fields left in Klang Valley. Instruct the State Economic Development Corporations and and Government-Linked Companies to forego the development and profit potential and leave open fields alone.

Maybe one of the advisors will realise that fields like Rubber Research Institute of Malaysia, Sg Buloh should have been earmarked for low cost housing. Maybe it is possible to build three bedroom high rise apartments at a cost of RM 150,000 (no land cost) to cater to the needs of the poor.

What they deemed as valuable land should be used to house a valuable workforce that will feed the needs of the commercial capital of Malaysia. No poor man can afford a minimum RM400,000 house that will be built on this rubber field.

Malaysian entrepreneurs of all races are asking for a level playing field. Where opportunities are not hijacked by the privileged few. Why should a small retailer under the Economic Transformation Plan, have to borrow RM60,000 to revamp his store so that he can survive the onslaught of foreign hypermarkets when under the Government Transformation Programme (GTP), a very successful local multi millionaire retailer be given RM40mil to open retail stores? The GTP should be helping the needy, not the greedy.

On the field of expertise, the PM should be worried when the Employee's Provident Fund (EPF) second their chief investment officer (CIO) to manage a bank when the CIO should be managing our RM400bil savings. Like the other sovereign funds Khazanah Nasional Berhad and Permodalan Nasional Berhad, EPF should stick to their field of expertise which is fund investment and not fun management.

Even though it is quite intoxicating to act as powerful entrepreneurs when you are not, the supreme fund managers of our sovereign wealth and pension funds should realise that they are accountable to the citizens of Malaysia who are shareholders and stakeholders in the wealth of the nation.

In addition to fielding winnable candidates for the coming elections, the PM should appoint intelligent and capable field generals as ministers. Generals who can lead the nation into international economic battlefields not shrieking racial rhetorics in local fields. Generals who can field any MACC question and know what their family is up to. INTELLIGENT1Minister should be your next mission should you agree to accept your reappointment as PM-1.

Corporate Malaysia Inc operates like magnetic fields where greedy entrepreneurs are drawn to inept politicians and corrupt officials. Either you lead the field or you leave the field. Those in power reap the fields. Losers are sent to the killing fields.

And I will end my message to our dear PM with a plea Restore HONOUR1M.

Unfortunately, this might just be one word too many for his super smart advisors to comprehend. And wishful thinking on my part. Final reality check.

On a personal note, I have written on issues outside the field of entrepreneurship and as such will leave the field to the real writers.

It had started out as a challenge from the ever gracious CEO of Star Publications (M) Bhd and thanks to him, I now have a better appreciation of responsible journalism. And how not being able to write freely on issues close to your heart can be detrimental to your golf swing and your soul.

Many thanks to friends who texted and emailed their support. To those who wrote to me for all the right reasons, you kept me going week after week. Much appreciated.

To all eWannabes, Good luck.

To all entrepreneurs, Happy New Year.

The writer is an entrepreneur who hopes to shares his experience and insights with readers who want to take that giant leap into business but are not sure if they should. Email him at thtan@alliancecosmetics.com

Biz Talk 2011-12-17 Currency integration questioned (Video)

Biz Talk 2011-12-17 Currency integration questioned CCTV News - CNTV English

Friday, 30 December 2011

Jobless schizophrenic with 12 credit cards owes RM50,000




By AMANDA NG YANN CHWEN and KATHY CHIN newsdesk@thestar.com.my

KUALA LUMPUR: An unemployed schizophrenic has landed himself with a RM50,000 debt – no thanks to his 12 credit cards.



MCA Public Services and Complaints Department head Datuk Michael Chong said the man, known only as Y.F. Chong, 35, had approached him for help as he was afraid he would go to jail.

“Why was it so easy for him to get so many cards when his salary was only 1,500?” he asked reporters at a press conference at his office here yesterday.

Y.F., who used to work in a milling factory, said he would apply for every credit card offered to him by promoters at shopping centres and was approved for all of them.

He said that when he lost his job in October due to his condition, which was diagnosed in 2004, he started depending on his credit cards to get by.

“Previously, I used to pay for trips to spas and a holiday in Thailand with my credit cards,” he said, adding that he even took two supplementary cards for his mother and sister.

He said last year, the banks started demanding payment, adding that all his cards have now been cancelled.

“If I still had a job, I would pay off the debts by instalment, but I am jobless now,” said YF, who because of his condition, claims somebody is following him and poisoning his food.

Schizophrenia is a mental disorder characterised by a breakdown of thought processes and by poor emotional responsiveness. Symptoms include auditory hallucinations, paranoia or delusions,

He claimed that when he tried to file for bankruptcy, the Official Assignee office asked him to pay another RM1,500 for filing charges.

“I couldn’t as I didn’t have the money,” he said.

Chong expressed amazement that YF managed to get 12 credit cards.

He said he had tried to apply for a Gold Card more than 10 years ago, and was rejected.

“Why is it so easy to apply for credit cards now?” he asked.

Chong added that it was not surprising that so many young people in the country were in serious debt.

“There’s something really wrong with the current system,” he said, adding that banks should have a more thorough vetting process.