Maybank

SONofODIN

The Star 9 May 2007

KL: Maybank has come under fire from MCA vice president Datuk Seri Chua Soi Lek for its requirement to law firms that it must have at least 3 Bumis partners, one of whom must have a 50% stake, before these firms can do any business with the bank.

Describing the move as discriminatory, he said many M'sians had expressed their disappointment with the bank for its decision. ..........


What the heck with this bank? NEP wants 30%, Maybank wants more than 50%.:@

13Friday

Is the doomed NEP, NDP or NNA as prolonged unnecessarily to help the disabled forever?

SONofODIN

NIAMAH!!!

Whoever believes that crime does not pay should not live in Malaysia. I consider the latest Maybank scandal an out and out criminal act. There's no other way to describe it. But whoever committed the crime appears to be getting away scot-free.

Okay, for those of you who've been sleeping or been apathetic as usual or been abroad and out of Internet reach in Siberia here's a little background to what took place about a week ago.

Maybank, the country's biggest bank announced that for legal firms to do business with it the firms must have at least 3 Bumiputra partners. One of whom must own no less than 50% equity in the firm. Of course, when the announcement went public the # hit the fan. As it should.

Muhibbah, right? One for all and all for one, right? Racial integration, right? Fair play, right? Wrong! These are the rules. So there!

The legal profession went berserk. Some of the Malaysian rakyat, those who weren't sleeping or been properly trained as sheep, thought, "What the hell???!!!"

And then the usual talking heads realised..."Eh? Somebody screwed up big time la." #!" Then they all came out and made...statements. Even went up to the cabinet at a meeting chaired by the Prime Minister who wasn't opening a restaurant or looking at kebayas that day. And they all echoed the usual, "No cannot!"

And then some really funny stuff came forth from the mouths of some of these trained sheep. Ng Yen Yen, the deputy finance minister was reported as questioning the bank's move as firms that provided the best professional services should be the criteria for selection. Where's Yen Yen been living all these years? The moon?

Hishammuddin Hussein, I'm not sure with or without the keris this time, thought he was being smart when he used another racialistic argument against a racialistic decision. He said that in multi-racial Malaysia every small thing could become sensitive. Hello, Hisham you're not always going to be able to scare us with mentions or veiled references to May 13, 1969 you know. So what? So we should keep quiet and let you sweep this # under the carpet because you scare us with this May 13 riots and bloodshed memory? This isn't about small things becoming sensitive. This is about a major f**k up that somebody needs to answer for. Okay, I'm waiting for you or one of your cabinet colleagues to pull out the ever useful "rights enshrined in the Constitution" gambit. With bated breath.

Hisham, I choose to believe that us Malaysians are smart enough to know that the only way we can prosper is to live and work together as one nation.

It's been days since the # hit the fan but do you notice something? No names have ever been mentioned. It's always Maybank did this Maybank shouldn't have done that. So? So who the f**k is Maybank? Who in Maybank was responsible for making the decision to discriminate so blatantly? Was it the chairman? The board of directors? Some senior manager? Maybank made a decision which means someone signed on the dotted line knowing full well what he/she was doing. Right? So how come, the cabinet, the Prime Minister and all the assorted bunch of politicians are busy making statements and excuses but nobody has ever mentioned a name from Maybank who signed the directive?

This makes an ordinary, tax-paying member of the rakyat like me very suspicious. Was this a government decision that went horribly wrong? Was some big#...sorry I meant bigshot...in Maybank trying to covertly sabotage the government's plans? Was this discrimination something that's been happening all along and that this was just a cat out of the bag situation? How are we going to trust each other ever again? How are we to believe the government's plans for racial integration are even real?

But already the coverage of this Maybank thing is losing steam in the mainstream media. The flers from BN will make some more statements. Maybe fire some fireworks in celebration of some Visit Malaysia Year biggest, longest, stupidest 'achievement' and soon we will all forget and go back to our apathetic lives.

But today I am one really unhappy Malaysian. I am unhappy that something like this could happen. I am unhappy that so many of my friends don't seem to think that this is a big deal. I am unhappy that I am being patronised by the very people who should be accountable to me for f**k ups like this. I am unhappy that everybody is talking and nobody is being held accountable or responsible. Not the finance minister. Not Bank Negara. Not Maybank.

I will never use Maybank services. And I think you shouldn't either. But then I know...aiyah! troublesome la want to change bank account. Somemore they got so many branches ma. So easy for me lor. Hiyah! Waffor want to worry la. Can't do anything anyway what.

Okay, you like the # hole you're living in you can stay in it. I'm not going to.

Niamah!!!
posted by patrickteoh at 3:59 PM 0 comments

wei_loon5063

Originally posted by SONofODIN at 9-5-2007 06:05 PM
What the heck with this bank? NEP wants 30%, Maybank wants more than 50%.:@ ...

How you hope the water to clean the clothes when the water is dirty it self?

You cant question......  Remember? its like the truth in christian?

this is their hak....

barney50

MAYBANK= MALAYAN BANKING=MALAY BANKING.

The only way to teach them a lesson is for non bumi's to withdraw all their savings and fix deposits and stop dealing with them. It is the only way to show our displeasure. Unite we will win.

[ Last edited by  barney50 at 21-5-2007 09:17 PM ]

wei_loon5063

Originally posted by barney50 at 21-5-2007 09:15 PM
MAYBANK= MALAYAN BANKING=MALAY BANKING.
...

I have accounts in RHB, Public, hong leong and HSBC.....

SONofODIN

It seems that Maybank is not alone.

Read below.

It's not just Maybank

CH Ong, May 9, 07 2:33pm

Maybank's policy that legal firms must have at least 50 percent bumiputera equity in order to qualify for appointment to it's panel of lawyrs is similar to that being practised by other GLCs over the years.
However the other GLCs do not announce their discriminatory policies. They simply implement such policies. I have not come across Petronas service stations being operated by non-bumiputeras. I am a non-bumiputera professional in private practice without a bumiputera partner and my professional services are not welcomed by Petronas.
Because of Petronas' discriminatory policies I have stopped patronising Petronas service stations. If only all non-bumiputera Malaysians stopped patronising Petronas service stations, then perhaps the Petronas management will rethink their discriminatory policies.
I used to buy petrol from BP service stations but since BP has been bought over by Boustead, I have stopped patronising them. I don't even know what they are called now. The reason is that I found out Boustead's property division also practised discriminatory policies when appointing consultants.
          In the early eighties, when Sime Darby 's property division was headed by a non-bumiputera (an Indian gentleman), I was appointed to provide professional services. As soon as bumiputeras took over, my services were no longer welcomed and required.
          Also in the early eighties my company was a customer to bumiputera company. This company was an associate company of Island and Peninsula . However when I approached Island and Peninsula with the intention of getting my company registered as a provider of professional services, I was told clearly that my services were not welcome because my company did not have any bumiputera partners.
          I then did some research and discovered that generally the so-called GLC property companies being run by bumiputeras practise discriminatory policies. Since then I have never considered buying any property from such companies.
          All the above are facts which I am aware of. All these GLCs may well be practising other discriminatory policies which I am not aware of and which I shall not speculate on.
          I have been a customer of Maybank, for both banking and credit card services, for more than 25 years. Since Maybank has decided to openly practise discriminatory policies, I have also decided to take steps to terminate my accounts with Maybank, and I shall definitely let them know my reason for terminating my accounts.
          I believe that if all non-bumiputeras let all these GLCs know how they feel about their discriminatory policies, by way of action and not just words, then perhaps they will not be so arrogant.
          Gerakan Youth chief Mah Siew Keong's  statement: "In many smaller towns, a lot of lawyers are a one-man show. If the 50 percent bumiputera equity (policy) is enforced, then it means all those lawyers operating alone will not be allowed to do any work for the bank," only shows that he is weak and dare not condemn outright Maybank's discriminatory policy.
          Is he suggesting that in big towns and cities where most legal firms are partnerships rather than one-man shows, it is then OK for Maybank to practice it's discriminatory policy?