THE INVESTMENT APPROACH OF CALVIN TAN

What 50 Years of Bullet Trains Have Done for Japan, Comments by Calvin Tan Research

calvintaneng
Publish date: Tue, 29 May 2018, 03:05 AM
calvintaneng
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Hi Guys,

I have An Investment Approach I which I would like to all.

A case study in making a small country even smaller

Just wait until you see what they have planned for the 100th anniversary. Kyodo/Reuters

Fifty years ago this month, Japan’s bullet trains completed their first trips and were welcomed by hundreds of people who had waited overnight in the terminals. The new high-speed line connected two massive economic hubs, Tokyo and Osaka, cutting the travel time between them from about seven hours to four. The shinkansen, as it’s called in Japanese, has carried roughly 10 billion riders since then, with a pristine record of safety and dependability: There haven’t been any fatal train derailments or collisions, and the average delay is 36 seconds.

The shinkansen has long been a symbol of Japanese efficiency, but its importance in shaping Japan’s economy is much more than symbolic. Most of Japan’s population lives in a surprisingly small number of places—only 20 percent of the country’s land is habitable—and a high-speed train is an elegant solution for shuttling workers from one dense city to another.

The most frequently discussed—and most intuitive—effect of the bullet train is that it allows workers to live in distant, relatively undeveloped areas, and commute to, say, Tokyo in two hours. As The Guardian put it recently, the bullet train has made “an increasingly huge part of the country little more than a bedroom community for the capital.” Another notable effect of bullet trains is the boon to tourism: When far-flung places are easily accessed by rail, tourists are more likely to visit them.

The economic arguments for building high-speed rail systems, though, tend to be made broadly—they focus on growth in aggregate. This, of course, is useful, but given that countries such as China, the U.K., and the U.S. have either built extensive high-speed train systems or are looking into the possibility, a finer-grained approach might be helpful.

That reasoning is the impetus for a new discussion paper co-authored by economists from Dartmouth College, the University of Oslo, and Japan’s Research Institute of Economy, Trade, and Industry. The researchers were curious about the bullet train’s effects not on regional economies, but at the level of the firm. Using data from a credit-reporting company that covers most of Japan’s economic activity—the figures they used were from nearly one million firms—they were able to more crisply visualize the connections that formed between firms and their suppliers after the introduction of a new rail link in 2004.

What they concluded is that one of the bullet train’s key benefits to companies is its ability to unite firms and suppliers. In Japan, the median distance between a firm and its supplier or customer is about 20 miles, and usually, only the most profitable companies can afford to invest in scouting out suppliers across the country. Fast trains can level out that advantage, allowing even small firms to make deals with faraway suppliers and still be assured of quality. In other words, it might be the difference, at least for a Japanese food company, between sourcing eel from Tokyo’s enormous Tsukiji fish market and getting it from the smaller town of Hamamatsu, where it’s a local specialty.

But Japan is under the impression that things need to be moving even more quickly. The construction of the newest version of the bullet train—one that wouldn't connect Tokyo to Nagoya till 2027—is now underway. But at a cost of $47 billion, the infrastructure for this latest train will be a huge strain on whoever ends up stepping forward to fund it. On the level of the consumer, too, bullet trains don’t come cheap—a typical ticket runs for about $130. Companies cover most of these costs for commuters, but everyone else is out of luck. (A Japanese scientist, upon winning the Nobel Prize in 2002, reportedly exclaimed that with his winnings he’d finally be able to buy a bullet-train ticket.)

 

Calvin comments:

 

One of the Major benefit of BULLET TRAIN IS ITS SAFETY.

So far in Japan's 50 year history there is not even one death by accident using the Shinkansen Bullet Train.

If Malaysia should implement KL SPORE HSR many lives will be saved. In Japan housewives used the Daihatsu Mira to travel short distances to shop or market to get grocery. For longer outstation travel they use trains or HSR.

 

The Mira is rehatched and rebadged as the Perodua Kancil in Malaysia. Malaysians used the Perodua Kancil like any other family car on our Highways - and so many have been killed as a result.

 

See how the accident fatalities in the World 

 

Country Road fatalities
per 100,000
inhabitants
per year[4]
Road fatalities
per 100,000
motor vehicles[4]
Road fatalities
per 1 billion
vehicle-km[5]
Total fatalities
latest year
(adjusted/estimated
figures by WHO report)
[4]
Year, data source
(standard source:
The WHO report 2015,[2]
data from 2013
)
Left/Right
traffic
 
 World 17.4     1,250,000  
 Africa 26.6 574[6]   246,719[6]  
 Eastern Mediterranean 19.9 139[6]   122,730[6]  
 Western Pacific 17.3 69[6]   328,591[6]  
 South-east Asia 17.0 101[6]   316,080[6]  
 Americas 15.9 33[6]   153,789[6]  
 Europe 9.3 19[6]   84,589[6]  
 Afghanistan 15.5 722.4 n/a 4,734 2013 Right
 Albania 15.1 107.2 n/a 478 2013 Right
 Algeria 23.8 127.8 n/a 9,337 2013 Right
 Andorra 7.6 7.9 n/a 6 2013 Right
 Angola 26.9 992 n/a 5,769 2013 Right
 Antigua & Barbuda 6.7 20 n/a 6 2013 Left
 Argentina 13.6 24.3 n/a 5,619 2013 Right
 Armenia 18.3 18.2 n/a 546 2013 Right
 Australia 5.4 7.3 5.2 1,252 2013 Left
 Austria 5.4 7.1 5.8 455 2013 Right
 Azerbaijan 10.0 83 n/a 943 2013 Right
 Bahamas 13.8 36 n/a 52 2013 Left
 Bahrain 8.0 19.6 n/a 107 2013 Right
 Bangladesh 13.6 1020.6 n/a 21,316 2013 Left
 Barbados 6.7 16.9 n/a 19 2013 Left
 Belarus 13.7 32.9 n/a 1,282 2013 Right
 Belgium 6.7 10.7 7.3 746 2013 Right
 Belize 24.4 26 n/a 81 2013 Right
 Benin 27.7 8177.2 n/a 2,855 2013 Right
 Bhutan 15.1 167.2 n/a 114 2013 Left
 Bolivia 23.2 205.2 n/a 3,476 2013 Right
 Bosnia and Herzegovina 17.7 76.7 n/a 676 2013 Right
 Botswana 23.6 91.6 n/a 477 2013 Left
 Brazil 23.4 57.5 n/a 46,935 2013 Right
 Bulgaria 8.3 17.2 n/a 601 2013 Right
 Burkina Faso 30.0 328.1 n/a 5,072 2013 Right
 Cape Verde 26.1 229 n/a 130 2013 Right
 Cambodia 17.4 107.2 n/a 2,635 2013 Right
 Cameroon 27.6 1385.1 n/a 6,136 2013 Right
 Canada 6.0 9.5 6.2 2,114 2013 Right
 Central African Republic 32.4 4336.5 n/a 1,495 2013 Right
 Chad 24.1 497 n/a 3,089 2013 Right
 Chile 12.4 51.1 n/a 2,179 2013 Right
 China 18.8 104.5 n/a 261,367 2013 Right
 Colombia 16.8 83.3 n/a 8,107 2013 Right
 Congo 26.4 1063 n/a 1,174 2013 Right
 Cook Islands 24.2 40.2 n/a 5 2013 Left
 Costa Rica 13.9 38.4 n/a 676 2013 Right
 Ivory Coast 24.2 828.9 n/a 4,924 2013 Right
 Croatia 9.2 21.1 n/a 395 2013 Right
 Cuba 7.5 133.7 n/a 840 2013 Right
 Cyprus 5.2 9.2 n/a 59 2013 Left
 Czech Republic 6.1 8.5 13.9 654 2013 Right
 Democratic Republic of the Congo 33.2 6405.4 n/a 22,419 2013 Right
 Denmark 3.5 6.7 4 196 2013 Right
 Djibouti 24.7 n/a n/a 216 2013 Right
 Dominica 15.3 44.7 n/a 11 2013 Left
 Dominican Republic 29.3 94.9 n/a 3,052 2013 Right
 Ecuador 20.1 183.8 n/a 3,164 2013 Right
 Egypt 12.8 148.7 n/a 10,466 2013 Right
 El Salvador 21.1 163.7 n/a 1,339 2013 Right
 Eritrea 24.1 2171.5 n/a 1,527 2013 Right
 Estonia 7.0 11.8 n/a 90 2013 Right
 Ethiopia 25.3 4984.3 n/a 23,837 2013 Right
 Fiji 5.8 58.9 n/a 51 2013 Left
 Finland 4.8 4.4 4.8 258 2013 Right
 France 5.1 7.6 5.8 3,268 2013 Right
 Gabon 22.9 196.4 n/a 383 2013 Right
 Gambia 29.4 998.7 n/a 544 2013 Right
 Georgia 11.8 54 n/a 514 2013 Right
 Germany 4.3 6.8 4.9 3,540 2013 Right
 Ghana 26.2 443.1 n/a 6,789 2013 Right
 Greece 9.1 12.6 n/a 1,013 2013 Right
 Guatemala 19.0 114.7 n/a 2,939 2013 Right
 Guinea 27.3 9462.5 n/a 3,211 2013 Right
 Guinea-Bissau 27.5 751.9 n/a 468 2013 Right
 Guyana 17.3 864.4 n/a 138 2013 Left
 Honduras 17.4 1021.7 n/a 1,408 2013 Right
 Hungary 7.7 20.7 n/a 765 2013 Right
 Iceland 4.6 6.1 4.7 15 2013 Right
 India 16.6 130.1 n/a 238,562 2013 Left
 Indonesia 15.3 36.7 n/a 38,279 2013 Left
 Iran 32.1 92.7 n/a 24,896 2013 Right
 Iraq 20.2 151.2 n/a 6,826 2013 Right
 Ireland 4.1 7.6 3.9 188 2013 Left
 Israel 3.6 9.7 5.3 277 2013 Right
 Italy 6.1 7.3 n/a 3,753 2013 Right
 Jamaica 11.5 61.7 n/a 320 2013 Left
 Japan 4.7 6.5 8 5,971 2013 Left
 Jordan 26.3 151.4 n/a 1,913 2013 Right
 Kazakhstan 24.2 101.4 n/a 3,983 2013 Right
 Kenya 29.1 640.7 n/a 12,891 2013 Left
 Kiribati 2.9 86.9 n/a 3 2013 Left
 Kuwait 18.7 34.2 n/a 629 2013 Right
 Kyrgyzstan 22.0 127.3 n/a 1,220 2013 Right
 Laos 14.3 67.5 n/a 971 2013 Right
 Latvia 10.0 24.8 n/a 205 2013 Right
 Lebanon 22.6 64.8 n/a 1,088 2013 Right
 Lesotho 28.2 474.8 n/a 584 2013 Left
 Liberia 33.7 133.4 n/a 1,448 2013 Right
 Libya 73.4 128.2 n/a 4,554 2013 Right
 Lithuania 10.6 16.1 n/a 320 2013 Right
 Luxembourg 8.7 10.7 n/a 46 2013 Right
 Macedonia 9.4 49.1 n/a 198 2013 Right
 Madagascar 28.4 2963 n/a 6,506 2013 Right
 Malawi 35.0 1310.4 n/a 5,732 2013 Left
 Malaysia 24.0 29.9 12.6 7,129 2013 Left
 Maldives 3.5 19.5 n/a 12 2013 Left
 Mali 25.6 1352.5 n/a 3,920 2013 Right
 Malta 5.1 6.8 n/a 22 2013 Left
 Marshall Islands 5.7 141.8 n/a 3 2013 Right
 Mauritania 24.5 228.7 n/a 952 2013 Right
 Mauritius 12.2 35.6 n/a 158 2013 Left
 Mexico 12.3 43 n/a 15,062 2013 Right
 Federated States of Micronesia 1.9 24 n/a 2 2013 Right
 Monaco 0 - n/a 0 2013 Right
 Mongolia 21.0 88.4 n/a 597 2013 Right
 Montenegro 10.5 31.1 n/a 65 2016[7] Right
 Morocco 18.0 209 n/a 6,870 2013 Right
 Mozambique 31.6 1507 n/a 8,173 2013 Left
 Myanmar 20.3 250.8 n/a 10,809 2013 Right
 Namibia 23.9 196.4 n/a 551 2013 Left
   Nepal 17.0 399.8 n/a 4,713 2013 Left
 Netherlands 3.4 6 4.5 574 2013 Right
 New Zealand 8.5[8] 12.2 8.7[9] 398 2017[10] Left
 Nicaragua 15.3 164.3 n/a 931 2013 Right
 Niger 26.4 1491.1 n/a 4,706 2013 Right
 Nigeria 20.5 615.4 n/a 35,621 2013 Right
 Norway 2 2.65 2.4 107 2017 Right
 Oman 25.4 85.3 n/a 924 2013 Right
 Pakistan 14.2 283.9 n/a 25,781 2013 Left
 Palau 4.8 14.1 n/a 1 2013 Right
 Panama 10.0 38.4 n/a 386 2013 Right
 Papua New Guinea 16.8 1306.5 n/a 1,232 2013 Left
 Paraguay 20.7 114.7 n/a 1,408 2013 Right
 Peru 13.9 99.3 n/a 4,234 2013 Right
 Philippines 10.5 135 n/a 10,379 2013 Right
 Poland 10.3 15.8 n/a 3,931 2013 Right
 Portugal 7.8 13.7 n/a 828 2013 Right
 Qatar 15.2 50.9 n/a 330 2013 Right
 South Korea 9.3 20.6 15.6 4,777 2014[11] Right
 Republic of Moldova 12.5 61.8 n/a 437 2013 Right
 Romania 8.7 31.4 n/a 1,881 2013 Right
 Russia 18.9 53.4 n/a 27,025 2013 Right
 Rwanda 32.1 3521.1 n/a 3,782 2013 Right
 Saint Lucia 18.1 2103.3 n/a 33 2013 Left
 Saint Vincent and the Grenadines 8.2 31.7 n/a 9 2013 Left
 Samoa 15.8 171.9 n/a 30 2013 Left
 San Marino 3.2 1.8 n/a 1 2013 Right
 São Tomé and Príncipe 31.1 5454.5 n/a 60 2013 Right
 Saudi Arabia 27.4 119.7 n/a 7,898 2013 Right
 Senegal 27.2 956.4 n/a 3,844 2013 Right
 Serbia 10.4 34.5 n/a 735 2013 Right
 Seychelles 8.6 43 n/a 8 2013 Left

 

As you can see from the above chart the Fatalities by Car Accidents in Malaysia is among the highest in the world at 24 deaths per 100,000 inhabitants per year.

Japan has only 4.7 while China is 18.8

Malaysia is even worst than Brazil, India, Bangladesh,  Indonesia,  Philippines, Pakistan, Nepal,  Myanmar or Russia.

 

In his 22 Year Reign as 4th PM of Malaysia Tun Dr Mahathir told Malaysia to look East and follow the Example of Japan. And Japan got its First BULLET TRAIN IN YEAR 1964 (54 YEARS AGO).

 

Malaysia is already 54 years behind time if measured by Japan standard. Right Now Thailand, India & Indonesia are building their HSR while China already Criss Crossed by HSR everywhere.

So will Malaysia fall backward and return to 3rd World Nation Status?

 

Of course there is the Trillion Ringgit Debt Load to be cleared. But Compared to Japan, Singapore & USA the Debt to GDP at 80% is really miniscule

 

See

 

Japan General Government Gross Debt to GDP  1980-2018 | Data | Chart

Japan recorded a government debt equivalent to 253 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in Japan averaged 137.40 percent from 1980 until 2017, reaching an all time high of 253 percent in 2017 and a record low of 50.60 percent in 1980.

United States Gross Federal Debt to GDP

 

 

Singapore Government Debt to GDP  1993-2018 | Data | Chart | Calendar

Singapore recorded a government debt equivalent to 110.60 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in Singapore averaged 90.11 percent from 1993 until 2017, reaching an all time high of 111.50 percent in 2016 and a record low of 67.40 percent in 1995.

Singapore Government Debt to GDP

 

 

As you can see from the above Japan has the highest debt to GDP at over 250% while USA & Singapore both exceeded by 100%. So Malaysia 85% Debt to GDP is still lower than them all

 

Malaysia debt is Rm1 Trillion while Japan is Rm55 Trillions & USA the worst at Rm84 Trillions

 

Both USA & Japan still pursue growth in spite of debt or they will fall into quagmire of recession. If Malaysia institutes austerity without economic expansion it might fall into recession.

 

As Our Stocks Have Crashed the Real economy will be the next to get hit. If businesses started to retrench workers the vicious cycle of recession and depression might happen to Malaysia just like it did to Venezuela & Brazil.

 

If no money to buy goods & services scrapping GST is no use. 

 

So may right mind prevail among our leaders

 

Warmest Regards

 

Calvin Tan Research

Singapore

 

Further Note:

 

In all its 50 Years History JAPAN BULLET TRAIN HAS ZERO FATALITY

 

MH370 & MH17 fatalities Killed over 600 people. Cars have killed Tens of Thousands on Malaysia Highways.

Indonesia AirAsia Flight 8501 - Wikipedia This one also crashed over Indonesia.

 

So many Lives will be saved in HSR is built.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discussions
1 person likes this. Showing 50 of 87 comments

calvintaneng

HIGH PAY WITH HIGH COST OF LIVING AT LEAST BETTER THAN NO JOBS LIKE GREECE

IN THE USA THERE WAS A JOKE ABOUT RUSSIA IN THOSE EARLY DAYS

"THEY SAY IN RUSSIA THEY DON'T NEED TO PAY INCOME TAX. THE REASON, "WELL, THE COMMUNIST RUSSIANS HAVE NO INCOME".


Once upon a time under Mao Tze Tung everything was cheap in China

Rent control cause a house to be rented out for only One Dollar per year

But were those China people happy in Chairman Mao time?

Do Chinese want the cheapness of Chairman Mao time?

JUST THINK?

2018-05-29 13:59

traderman

Japan don't have 1JDB

2018-05-29 13:59

chinaman

In 2008 the Malaysian government halted the project citing high-costs of over RM8 billion. From myr8billion initial cost increase to myr110billion within 10 year lag...how to swallow??

2018-05-29 14:04

nnMM

those having properties in iskandar n jurong feeling the burnt

2018-05-29 14:07

TrippleZ

Government changed. Fair enough for some people to lose money.

2018-05-29 14:35

AdCool

We don't have the money. End of story. Nobody can afford to pay RM300 per way from KL to Singapore for daily commute. Even for those who stay in Johor and need to fork out RM150 per way. Who can afford RM300 x 22 working day = RM6600 per month to travel to work from Johor to Singapore? Even with 20% discount for frequent commuter, that would be RM5280. That would be around SGD1800. Unless that person easily earn SGD15K, I dont think anyone in their right minds would want to stay in Malaysia while work in Singapore. Maybe for weekend travel still possible but would that justify the cost of building it when the train is half empty from Monday to Friday but fully occupied on weekends?

2018-05-29 14:45

calvintaneng

No lah. Not don't have money. It is, "Don't have the Will only"

In Japan they got Rm55 Trillions Debt yet they want to build more latest HSR

https://en.wikipedia.org/wiki/Shinkansen#Maglev_trains_2

For US already Rm84 Trillions in Debt

See US DEBT

http://www.usdebtclock.org/


With USD Debt up to the nose Donald Trump is proposing another USD1.5 Trillions (Rm6 Trillions Debt) for US Infrar works

See

https://economictimes.indiatimes.com/news/international/business/us-president-donald-trump-unveils-massive-1-5-trillion-infrastructure-plan/articleshow/62891649.cms

2018-05-29 14:56

beso

this calvin really problematic minded, japan and malaysia are totally not comparable, japan population is about 7x more than malaysia, japan built shinkansen on their own without any foreign infrastructure and technology players participation thus japan had the economy scale to justify shinkansen hsr project but not malaysia.

2018-05-29 15:21

calvintaneng

Post removed.Why?

2018-05-29 15:33

beso

since calvin is so unknowledgeable, let me tell you
indonesia population is as many as japan
india population is slightly more than 1.3b
thailand population is 2.x time more than malaysia
see it watery brain

2018-05-29 16:10

Patron

it's well known that Tan End the sakai will quote this quote that and relate everything that's in his favour.

2018-05-29 16:49

calvintaneng

it is not polpulation alone. it will be the purchasing power of people...especially malaysians working in Spore for 1st world salary scale

2018-05-29 17:16

calvintaneng

The kl spore air route being the hottest is just an indicator of the prevailing boom in Asia Pacific Center.

More underlying positives are the rise of trade within Asean, China, Korea and Japan to the North, India to the West and Indonesia, Australasia to the South.

So many more trucks and lorries will travel south to Iskandar and Spore for import and export of goods and services

SO HSR IS NOT AN OPTION BUT A NECCESSITY

100 YEARS AGO THE FIRST CAR TOOK ONE FULL DAY TO TRAVEL FROM KL TO KELANG

TODAY WITH KLANG VALLEY EXPRESSWAY IT TAKES ONLY ONE HOUR

SO IS THE INTERNET. ALL COPPER WIRES CHANGED TO OPTIC FIBER FOR THE SPEED OF LIGHT

HSR BEING THE FASTEST AND SAFEST LAND TRANSPORT IS THE ULTIMATE FOR GROWTH AND PROGRESS

2018-05-29 19:46

qqq3

13. In the interim, should you lose a few bob betting in a fluctuating stock market, put it down to bad timing or misfortunate or stupidity. Try not to blame our newfound administrative transparency. It’s a good thing. Our lives are more important than your index points. Truly.

2018-05-29 20:43

Evertraveler

Instead of building HSR, I would prefer our gov to use the fund to abolish North-South Expressway toll. Unlike HSR which will only benefit a few towns and rich citizens, abolishing NSE toll can bring development on all towns along NSE. In the meantime, all Malaysians regardless rich or poor can benefit from it.

2018-05-29 23:11

relaks

HSR will just save us 1 hr travelling time. But cost us RM110 billion. Let Tun handle this case, nonit politicise it too much. You keep writing n writing about it oso no use. We up to nose in debt. Ask your gomen to waive the half RMbil penalty la, afterall spore involvement < 10%. Neighbour in trouble, still want to squeeze till we die izzit? Hati mesti baik.

2018-05-30 00:53

hollandking

I"m not sure how lsl would react with regards to the RM500 million penalty on the cancellation party, but if I'm him, I would forfeit that Rm500 million. Tun not going to changed his mind, if singapore claimed that RM500 million, i think more or less there would be enmity. RM500 million is not a lot to singapore, divide by 3, is just about SGD 167million. So why no try to use this penalty(good will gesture) to build a relationship with the new govt rather than souring it. I mean if I'm lsl, this is what i would do.

2018-05-30 02:05

VWWong

The only country that make profit from building HSR is China because of it's big population. In order for HSR to be profitable, you need to carry 100million passenger a year which only countries like China and India can do. Most country in europe lose money after buidling HSR. Try google Italy HSR where the companies already declared bankcrupt and need government bailout.

2018-05-30 03:43

VWWong

Calvin Tan, only morons compare Malaysia with Brazil and Venezuela.

2018-05-30 03:44

10212264665705646

what a shitty piece of crap. you call this research?

2018-05-30 03:46

VWWong

Calvin Tan, USA government owe USA money in USD. Basically it is not debt. When you owe yourself money, it is not debt. IN accounting, you called it a debt. But if you don't pay yourself, who the hell is going to go after you? The most important metric is the foreign debts. How much of Malaysia debt is foreign own? That is the most important metric.

2018-05-30 03:47

VWWong

Educate yourself about the economic viability of HSR from this website:- https://www.intheblack.com/articles/2015/09/01/bullet-trains-and-the-economics-of-high-speed-railways

2018-05-30 03:49

Pribumi

Dr M already ask S'porean to vote PAP out next GE.

Posted by hollandking > May 30, 2018 02:05 AM | Report Abuse
I"m not sure how lsl would react with regards to the RM500 million penalty on the cancellation party, but if I'm him, I would forfeit that Rm500 million. Tun not going to changed his mind, if singapore claimed that RM500 million, i think more or less there would be enmity. RM500 million is not a lot to singapore, divide by 3, is just about SGD 167million. So why no try to use this penalty(good will gesture) to build a relationship with the new govt rather than souring it. I mean if I'm lsl, this is what i would do.

2018-05-30 03:53

Pribumi

Dr M is right.

Posted by VWWong > May 30, 2018 03:43 AM | Report Abuse
The only country that make profit from building HSR is China because of it's big population. In order for HSR to be profitable, you need to carry 100million passenger a year which only countries like China and India can do. Most country in europe lose money after buidling HSR. Try google Italy HSR where the companies already declared bankcrupt and need government bailout.

2018-05-30 03:55

VWWong

Calvin Tan, some boys like to play with expensive toys. I got a friend who likes to buy expensive car as hobby until Proton is sold to China, then the revenue drop and end up firing many workers. Expensive toys is only a short term gratification and image building. It is only form and not substance. Substance is Silicon valley and cancer medicine from USA. Substance is when Thomas edison invented light bulbs, telephone and electricity that benefit humankind.

2018-05-30 04:24

VWWong

Calvin Tan, Singh Is King. Don't confuse HSR issue with Karpal Singh.

2018-05-30 04:25

VWWong

Flight is more economical than expensive toys for show-off like HSR. Look at USA where flight is cheap and does not need expensive toys like HSR that cost untold environment damage. Don't look at Japan. Japan's companies in the long run has lost out to Amazon, Google, Facebook, Apple and many more science and technology companies in USA. Not to mention, that most of the cancer medicine are from USA.

2018-05-30 04:32

VWWong

Japanese way of sacrificing oneself for the country and company has proven to be the loser way of attracting talent and creating world beating companies. It can win in the short run, until the people are so tired working day and night and reaching home at 12 am where the children hardly has any quality time with the dad, that destroys the very social fabric of strong family bond. In the end, Japanese companies has lost out to USA. In USA, individual talents are embraced and celebrated.

Sacrificing oneself for the country, company or religion is a false pride. Silicon Valley wins and they attracted the most progressive, non-religious talent that uses science and technology to bring progress to humankind.

China will soon follows Japan's path to stagflation. As a Chinese, I know Chinese are full of 5000 years of Chinese history pride. It is a false pride. chinese traditional medicine is a hoax. Those shark fins, tiger penis and rhino horn has no scientific evidence or whatsoever to cure any disease.

2018-05-30 04:40

kong73

Chinese medicine got Tiger Penis?.. seriously?

2018-05-30 05:24

akh731

Japan still the winner for thier entertaiment business.

2018-05-30 10:44

jv1758

Calvin could you also do a research on the level of debt of those countries doing intercity rail projects ? As for Japan, it makes sense to travel due to the limited land available in their highly populated cities which makes housing expensive and travel tickets cheaper. But in Malaysia the situation is the opposite. Why go so far ? Just compare the prices of ticket for the ERL and KLIA transit. That will give you some indication on the ticket prices for ECRL and HSR.

2018-05-30 11:44

KLCI King

Well said, jv1758

I will never use ERL because its ridiculous pricing, not competitive at all.

jv1758 Calvin could you also do a research on the level of debt of those countries doing intercity rail projects ? As for Japan, it makes sense to travel due to the limited land available in their highly populated cities which makes housing expensive and travel tickets cheaper. But in Malaysia the situation is the opposite. Why go so far ? Just compare the prices of ticket for the ERL and KLIA transit. That will give you some indication on the ticket prices for ECRL and HSR.
30/05/2018 11:44

2018-05-30 11:47

KLCI King

All are good if feasibility studies have been carefully carried out & the benefits are outweight its costs, it happen to China & Japan.

How about in Malaysia? No studies conducted & the main purpose.... you know i know lah, it is how last time people cari duit from government project mah.

The actual cost for 1 million job can actually be only RM200k, what the f_ck!

2018-05-30 12:04

mujibur

This Calvin Tan ie either the recipient of Ddedak or an agent of Singapore. He try to justify why HSR is feasible. Yes. off course is feasible to Singapore not not to Malaysia. If Singapore want the HSR, they must share the cost equally and also share the profit or loss on running the HSR. Now Malaysia take 90% cost and singapore only 10%.

2018-05-30 12:14

iswara

Malaysia went back to 80's ......
World is changing every day.....
What we need in the further, not now.....

2018-05-30 12:39

PlsGiveBonus

Japanese hardworking
Don’t have race card, gender card, quota card, etc privilege card.
Everyone is equal, they success due to meritocracy. Given you the same company to run by like the ecrl, Japanese will likely run it successfully, but not you.

2018-05-30 12:44

iswara

China even loss huge money from operating their high speed trains, but why they still continuing to invest..
Think !!!
If we cant shorten the distance between each cities how can we attract peoples to develop it, without invest how to benefit residents.................

2018-05-30 12:45

iswara

i think they can sit down to discuss how to bring down the cost......

2018-05-30 12:46

PlsGiveBonus

So telling a bunch of thief to ran ecrl successfully like Japanese who is hardworking and willing to take risk? I better believe Japanese then, it is the people who make the dream success, not the project itself make it success, how many thousands project had failed because of incapable leadership?

2018-05-30 12:57

PlsGiveBonus

Project failed like 1mdb already still don’t want to step down... and make more project like ecrl? Really? Fool me twice now want to fool again? But we are not foolish, we may be fooled for 50 years.

2018-05-30 13:00

PlsGiveBonus

All project approved by previous gov must be scraped!!
We trust the people who run the project. We don’t trust the project run the people to success.
No change no talk.

2018-05-30 13:11

davidkkw79

Look at the HSR IN TAIWAN ! INDEED THEIR PROJECT OF HSR IS ALWAYS LOSING MONEY. CAUSE NOT ECONOMIC WISE. JUST WASTE OF MONEY!

2018-05-30 13:15

VWWong

PLSGiveBonus, Japanese society are a very discriminative society. Japanese even discriminate against Japanese with Chinese or Koreans parents. They reward seniority and loyalty more than meritocracy. Japanese hardly welcome immigration to the country. That is why their population is dwindling and has no growth for the past 30 years.

2018-05-30 13:22

PlsGiveBonus

@Winter Bear, local talent who willing to work hard already fled to other countries, no meritocracy who want to work hard? All want privilege only, privilege created too many talk only no action minister, always want gender first, race first, then quota, then bumi, then minority, disabled minister also can come out, everyday think of new privilege why want to work hard for the nation? I also want to being privilege like that.

2018-05-30 13:26

PlsGiveBonus

Discriminate the foreigner, respect the local talent, given you ran a family, you will discriminate your own child? Come on, Japanese did all the right thing, they are the proud nation who don’t give benefit to other countries. You want your country to become like open leg policy countries? Let foreigner come steal our resource?

2018-05-30 13:32

XXXvalue

want faster use airasia lah...why HSR?

2018-05-30 13:34

PlsGiveBonus

Talent who had fled, it is up to them, we don’t force them. If they had the willingness to come back of course it is the best outcome, wouldn’t they desire “change” so badly, they had the opportunities now, it is their choice, we don’t have to tell them what they should do. They may contribute to help shaping the future society, if they desire money they will not come back, or they may desire good karma, some people are too wealthy they may just willing to help building the country.

2018-05-30 14:06

relaks

Move on la, Calvin! Thats history now. Tell yr frens dun be sour grapes. Invest in klse la, bargain now. When they get filthy rich, can fly 1st class to kl, take train where got class!? Haha!

2018-05-30 17:28

pakatan_harapan2

Some1 think BN still rule forever? That's history now haha.

2018-05-30 17:31

PlsGiveBonus

Of course Japanese is very discriminate, you go to their country you cannot compete, so you shouting everything is discrimination on Japan, but they are not going to give you any privilege like you can do here, no minority privilege, no gender privilege, no donation privilege, no bullshit, only the weakling need to use “discrimination” to justify their action.
:)

2018-05-30 17:54

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