BMF, Scandal of Scandals PDF Download

Author: Kit Siang Lim
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 90

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Author: Teh Yik Koon
Publisher: Strategic Information and Research Development Centre
ISBN: 967246472X
Category : Juvenile Nonfiction
Languages : en
Pages : 393

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Book Description
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: Diane K. Mauzy
Publisher: Routledge
ISBN: 1134695217
Category : Social Science
Languages : en
Pages : 246

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A hard-hitting and readable book which examines Mahathir's character, his ideas and policies and relates them to the social, economic and political setting inside Malaysia. Up until recently, high rates of economic growth and a striking reduction in poverty have been the hallmarks of this vibrant Tiger economy. Mahathir's success has now been placed in jeopardy by the recent economic crisis, and his rule is coming under hostile scrutiny. As one of the most controversial political figures in South-east Asia, Mahathir's success at managing ethnic tensions, policies of industrialization, modernization and foreign policy are explored, as are his grandiose projects, his human rights record and approach to corruption. Milne and Mauzy, leading authors in this field, assess Mahathir's rule within this context as well as the abrupt dismissal from office, arrest and trial of Anwar Ibrahim, Mahathir's deputy, in late 1998.

Author: Ura, Dasho Karma
Publisher: IGI Global
ISBN: 1466664428
Category : Business & Economics
Languages : en
Pages : 357

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As a rapidly rising force in the global market, Asian countries hold opportunities for growth and development. However, in order to successfully gain entry into this new part of the market, it will first be necessary to understand the motives and background behind Asian economies. Asian Business and Management Practices: Trends and Global Considerations analyzes the various strategies found in the Asian economic market. Showcasing a broad range of countries in Southeast Asia in addition to China and India, this publication is a broad, widely encompassing resource for academics, PhD students, experts, policymakers, and government officials interested in understanding the background and applications behind business success in Asia.

Author: Chandra Muzaffar
Publisher: Routledge
ISBN: 1317973518
Category : Religion
Languages : en
Pages : 388

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Book Description
This book discusses issues concerning human rights and religion. Is a more integrated approach to human rights desirable - an approach that transcends the individual-centred orientation of civil and political liberties of the dominant centres of power in the West? How can religious thought contribute to an integrated notion of human rights and human dignity? What sort of transformation should religion itself undergo in order to enable it to come to grips with contemporary challenges? Related to this is a larger question: How can universal spiritual and moral values help to shape politics, the economy and society as a whole?

Author: Management Association, Information Resources
Publisher: IGI Global
ISBN: 1466681969
Category : Business & Economics
Languages : en
Pages : 1697

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In modern business environments, ethical behavior plays a crucial role in success. Managers and business leaders must pay close attention to the ethics of their policies and behaviors to avoid a reputation-crushing scandal. Business Law and Ethics: Concepts, Methodologies, Tools, and Applications explores best practices business leaders need to navigate the complex landscape of legal and ethical issues on a day-to-day basis. Utilizing both current research and established conventions, this multi-volume reference is a valuable tool for business leaders, managers, students, and professionals in a globalized marketplace.

Author: A. Munro-Kua
Publisher: Springer
ISBN: 0230379915
Category : Political Science
Languages : en
Pages : 219

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Socio-economic and political issues are dealt with selectively within a chronological historical framework, covering the dramatic colonial impact of 1940-60 until the present day. The state is examined from the point of view of social class as well as communalism, to explain the dominance of the ruling coalition over the 37 years since independence. The author argues that authoritarian-populism is the concept that best fits the apparent paradox of an enduring regime via the ballot box, and the extensive restrictions on the scope of democracy, particularly through the repressive apparatus of detention without trial. The underlying theme is a critique and explanation of Malaysia's human rights record.

Author: Natasha Hamilton-Hart
Publisher: Cornell University Press
ISBN: 1501721739
Category : Political Science
Languages : en
Pages : 234

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Financial markets are given to instability, but some financial systems are more crisis-prone than others. Natasha Hamilton-Hart's historically grounded investigation of central banks, governments, and private bankers in Southeast Asia helps explain why. Focusing on Indonesia, Malaysia, and Singapore, she shows how the long-term development and internal attributes of central banks and state financial institutions shape their interactions with private bankers and influence their ability to manage the financial sector.The politics of finance in Southeast Asia is understudied, Hamilton-Hart contends, and central banks themselves virtually ignored. Yet central banks play a pivotal role in determining a country's vulnerability to regional and global financial pressures such as the currency and financial crises of the late 1990s. Southeast Asian central bankers were major players in the events surrounding these upheavals. Countries in the region experienced the economic chaos in different ways, however, as the central banks of Indonesia, Malaysia, and Singapore drew upon different institutional capacities and legacies. Asian States, Asian Bankers brings new case material to the field of political economics and delineates the operation of central banks and their roles in the monetary and financial policies of three Southeast Asian states. In addition, Hamilton-Hart's work bridges two areas that have often been studied apart from each other: the national-level politics of financial management and the transnational orientation of many bankers in Southeast Asia.

Author: Nazir Razak
Publisher: eBook Partnership
ISBN: 1913532615
Category : Biography & Autobiography
Languages : en
Pages : 441

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What's in a Name takes readers to the often troubled centre of Malaysian politics andbusiness over the last fifty years. Nazir Razak built CIMB Group into one of the most successful banks in ASEAN. In a career spanning three decades, he has been at the centre of the action. And when he was not, he had a ringside seat for all the biggest deals and power struggles, victories and defeats involving some of the most colourful characters of recent times.In this revealing memoir, Nazir recounts what it was like growing up in Malaysia's most prominent political family, honouring the legacy of his late father, Abdul Razak, Malaysia's revered second prime minister, while also being the brother of Najib Razak, whose term as prime minister ended with the ignominious 1MDB scandal - the fallout of which continues today. This is not just the story of Nazir's life as one of Malaysia's most successful businessmen; it is also a drama of family loyalty and what happens when that loyalty comes into conflict with deeply held principles. Nazir concludes withan analysis of the Malaysian political economy from his unique vantage point, and makes a compelling case for reforms and how they can be made.

Author: Kit Siang Lim
Publisher:
ISBN:
Category : Malaysia
Languages : en
Pages : 548

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