BMF, Scandal of Scandals
Author | : Kit Siang Lim |
Publisher | : |
Total Pages | : 90 |
Release | : 1986 |
Genre | : Banks and banking |
ISBN | : |
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Author | : Kit Siang Lim |
Publisher | : |
Total Pages | : 90 |
Release | : 1986 |
Genre | : Banks and banking |
ISBN | : |
Author | : Teh Yik Koon |
Publisher | : Strategic Information and Research Development Centre |
Total Pages | : 393 |
Release | : 2022-12-06 |
Genre | : Juvenile Nonfiction |
ISBN | : 967246472X |
Bumiputra Malaysia Finance Limited (BMF) was a financial institution set up in Hong Kong at the end of 1977. Its parent bank was the Bank Bumiputra Malaysia Berhad (BBMB) which was established in 1965 with public funds to promote Bumiputera participation in the economy. In the 1980s, during Mahathir Mohamad’s administration, BMF lost M$2.5 billion, allegedly due to fraud and corruption, which could not be accounted for until today. After about 35 years, another similar colossal financial scandal was alleged to have taken place through 1Malaysia Development Berhad (1MDB). 1MDB is a development company set up by the Malaysian government in 2009, during Najib Razak’s administration, with a focus on the long-term economic development of the country. However, within about eight years, it has run up more than RM42 billion in debts and key figures are tainted by allegations of abuse of power and corruption. It is therefore timely to revisit the BMF case, to discuss and compare it with the present interest in the 1MDB case. This book will highlight the alleged fraud and corruption that took place in both cases – tracing the money trail, the problematic structure of both organisations, the political and social structure and environment in Malaysia during the occurrence of both scandals, and finally compare both cases, to provide an analysis of the social and political progress of Malaysia in the last three decades.
Author | : Ambrin Buang |
Publisher | : Humanology Sdn Bhd |
Total Pages | : 128 |
Release | : 2022-02-22 |
Genre | : Biography & Autobiography |
ISBN | : |
This book is a modest attempt to reminisce the author's career as a PTD officer. The author have served 46 years as a government servant, 35 years as a PTD officer and 11 years as the Auditor-General of Malaysia. Not many officers have served that long in the service of the nation. The Pegawai Tadbir & Diplomatik Service(PTD) has been hailed as the nation’s premier service, as successor to the Malaysian Home and Foreign Service (MHFS) in 1972. The MHFS was the successor to the Malayan Civil Service (MCS) in 1966, which was set up in 1921 by the British Colonial Administration. The PTD and its precursors, the MCS and the MHFS, have played a pivotal and strategic role in national development since the nation attained its independence in 1957. It has been responsive to the political leadership of the day, always mindful of its political neutrality obligation. Coincidently, the year 2021, the year the author's little book is published, marks the 100th Anniversary of the MCS and the PTD. Unfortunately, not much has been written about the PTD and MCS. To the best of his knowledge, there were four books written about the PTD/MCS, namely ‘At the Forefront of Nation Building’ by Sheens Gurbakhash & Fiona Ghaus; ‘Taking The Road Less Travelled’ by Datuk Dr Shaari Ahmad Jabar; ‘Service Par Excellence’ by Datuk Wan Mansur Abdullah; and ‘Tun Abdullah Ayub’ by Fatini Yaacob and Toh Puan Anna Abdul Ranee.
Author | : Ruth Thomas McVey |
Publisher | : SEAP Publications |
Total Pages | : 228 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : 9780877277088 |
This collection of essays explores the origins and roles of Southeast Asian business groups, especially as they developed during the 1970s and 1980s. An important contribution to studies of ethnic Chinese entrepreneurship in Southeast Asia. Includes a comprehensive introduction by the editor.
Author | : Syed Hussein Alatas |
Publisher | : The Other Press |
Total Pages | : 184 |
Release | : 2015-04-10 |
Genre | : Political Science |
ISBN | : 9839541978 |
Corruption is a disease that can sweep through a society like a tidal wave, leaving in its wake a trail of negligence, lethargy, inefficiency and callous disregard of man’s inhumanity to man. What is it like to live inside such a society? Why has it taken such strong root in so many countries? Is there no sense of outrage and shame against such a phenomenon among our elite? What can be done to stem the tide? Is it corruption as it is known in the West? These disturbing questions and more are answered in this book. Corruption in all its forms, bribery nepotism and extortion, is shown for what it is – a major cause of the dehumanization and victimization of innocent people. The corrupt have no aspirations for the betterment of their societies. For this reason, all decent people must be gravely concerned with the problem and nurture the next generation to confront the corrupt and disrupt their way of life.
Author | : Charu Lata Singh |
Publisher | : Taylor & Francis |
Total Pages | : 294 |
Release | : 2021-12-30 |
Genre | : Business & Economics |
ISBN | : 1000516601 |
This book examines the evolution of corporate communication in the recent past in the context of the rapidly changing contemporary business environment in India. Using several case studies, it illustrates the growing need for small and large businesses to recognize and form a direct connection with their stakeholders and further explains the effective ways through which specific business requirements are realized by communication managers. The book explores the greater dependency and function of multiple media strategies and their challenges. It also offers various theoretical and practical insights into the successful integration of diverse communication and marketing strategies like employee communication, investor relations, corporate social responsibility and philanthropy, branding, crisis management, and corporate ethics and governance, among others. Lucid and comprehensive, this book will be an essential read for students and scholars of corporate communications, business management, media and communication studies, public relations, and marketing, as well as communication and marketing practitioners.
Author | : Sven Schottmann |
Publisher | : University of Hawaii Press |
Total Pages | : 259 |
Release | : 2018-09-30 |
Genre | : Religion |
ISBN | : 0824876474 |
Mahathir Mohamad’s legacy as Malaysia’s longest serving prime minister (1981–2003) is deeply controversial. His engagement with Islam, the religion of just over half Malaysia’s population, has often been dismissed as partisan maneuvering. Yet his willingness to countenance a more prominent place for Islam in government and society is what distinguished him from other modernist politicians, and his instinct to set Malaysian politics against the backdrop of the wider Muslim world was politically astute. Author Sven Schottmann argues that Mahathir’s transformative effect on Malaysia can only be fully appreciated if we also take him seriously as one of the postcolonial Muslim world’s most significant political thought leaders. Schottmann sees Mahathir’s representations of Islam as a relatively coherent discourse that can legitimately be described as “Mahathir’s Islam.” This discourse contains Mahathir’s assessment of the economic, political, and sociocultural problems facing the contemporary Muslim world and the range of solutions and corrective measures that he proposed Muslims should adopt. His ideas are fraught with flaws and contradictions. On the one hand, he emphasized the individualistic, egalitarian, pluralistic, democratic, and dynamic qualities of Islam. On the other, his government enacted legislation and acquiesced in the activities of religious bodies that curtailed religious freedoms of both Muslims and non-Muslims. His ideas contributed to Malaysia’s worsening state of interethnic relations, yet his insistence that every Muslim had the right to speak for Islam may have, paradoxically, prepared the ground for a future democratization of Malaysian politics. Mahathir’s Islam is based on rigorous analysis of Mahathir’s speeches, interviews, and writings, which the author is able to link to parallel processes elsewhere in the Muslim world—Indonesia, the Middle East, Pakistan, Turkey, and diaspora communities in the West. Mahathir’s Islamic discourse, Schottmann suggests, must be read against the wider late twentieth-century resurgence of religion in general, and the post-1970s Islamic revival in particular. Balanced in approach and engagingly written, this book will be of interest to scholars and students of political science, religious studies, and others interested in Malaysia, Southeast Asia, or Mahathir himself.
Author | : Johan Saravanamuttu |
Publisher | : ISEAS-Yusof Ishak Institute |
Total Pages | : 369 |
Release | : 2016-09-30 |
Genre | : Political Science |
ISBN | : 9814695432 |
This book argues that Malaysia’s electoral politics have historically been premised on a hybridized model of communalism and consociationalism. Beyond this it posits a newer idea of power sharing based on the dynamic and transformative practice of mediated communalism through six decades (1952–2016) of electoral politics. The strategy of mediating communalism is critically explored throughout the book, serving to test its saliency as a distinct approach to power sharing in a social formation which is ethnically, religiously and regionally divided, yet has remained remarkably and tenuously integrated throughout Malaysia’s electoral history. The book delves into this question by narrating and theorizing the complexity of communal politics leading to the emergence of new politics which have attempted to put Malaysia on the track of further democratization. It is further implied that new politics has to work in tandem with mediated communalism to transcend the most deleterious effects of an ethnically divided society.
Author | : Amir Muhammad |
Publisher | : MATAHARI BOOKS |
Total Pages | : 121 |
Release | : 2007 |
Genre | : Malaysia |
ISBN | : 9834359667 |
Author | : Peter Searle |
Publisher | : University of Hawaii Press |
Total Pages | : 344 |
Release | : 1998-11-01 |
Genre | : Business & Economics |
ISBN | : 9780824820534 |
Is capitalism in Southeast Asia 'real' or a 'chimera', that is, some Southeast Asian derivative of capitalism that ultimately will not be sustainable? Malaysia, where an intimate relationship has been forged between the state and business in an effort to create Malay capitalists, presents an interesting and illuminating case in the debate. In this work Peter Searle identifies the complex interaction between the state, the dominant political party (UMNO) and business as the source of dynamism or defeat in the development of Malay capitalists. He also challenges a common view that Chinese business groups are completely different from Malay business groups. Overall this study argues against drawing sharp contrasts between dependency and self-reliance, between state and capital, and between rent-seekers and true 'productive' capitalists. For it is from that amalgam of categories and groups the study concludes that a form of capitalism is emerging in Malaysia which is nonetheless remarkably dynamic and resilient, despite its unorthodox origins.