Newsgroups: bit.listserv.seasia-l
Date:         Mon, 14 Dec 1992 01:27:05 GMT
From:         s7925148%vax9k.dnet@NCHUD1.NCHU.EDU.TW

From: gt6737b@prism.gatech.EDU (E.A. JAAFAR)
Newsgroups: soc.culture.asean
Subject: Bank Bumiputra
Date: 10 Dec 92 14:56:52 GMT
Organization: The North Ave. Trade School, Atlanta, GA 30332


        =============================================================
        disclaimer:  the article below is taken from NST, Saturday,
        11/7/1992 pp. 1.  Any hate mails should be addressed directly
        to gt6737b@prism.gatech.edu thank you kindly.
        =============================================================

        Two Bank Bumiputra bosses to retire
        -----------------------------------

        Kuala Lumpur, Fri. - Bank Bumiputra Malaysia Bhd's executive
        chairman, Datuk Hanafiah Hussein and its executive director
        Dr Jaafar Ahmad will retire on Dec. 31, 1992.

        The Ministry of finance said in a statement today the post
        of executive chairman will be replaced with that of non-
        executive chairman[in other words...future chairman is also
        a major yes-man-butt-kissing kinda guy].

        Tan Sri[..but of course...] Khalid Sahan will assume the
        position of non-executive chairman[what kind of business
        chairman with no executive power anyways!] from Jan 1, 1993.

        Encik Abdul Aziz Othman, currently senior chief general
        manager of the bank, will be appointed executive director
        and chief executive from Jan 1, 1993.
        =============================================================

        Well, for those who are still in the dark of what's going on
        , this is a major shake-up in the top BB's management
        officers due to the fact that BB is suffering from a 75%(?)
        loss this year.( ...and you thought GM was bad....)

        Dr. Mahathir was not particularly pleasent abt the amazing
        performance of the bank.  I'm sure he suspects some "under
        the table" deals with the former executive chairman and as
        you can see from the article, there will be no more executive
        chairman starting Jan 1, 1993.

        That's the bad thing abt malay power.  the big boys are too
        powerful and so powerful that they coruppt themselves.  BB
        was supposedly established to help the bumis in business
        but as always the case, they burden them instead.  Only those
        special few got the chance to get whatever loans and
        apparently had forgotten to pay it back!  What a crock.  the
        rich bumi(should i say malays?) gets richer.

        So what does this means?  Petronas will have to chip in ...
        again?  Poor petronas...and they thought they count act as
        a corporate company.  To me it seams like another government
        bail-out is already on its way.

        Oh well, that's malaysia...we do business our way...the bribe
        way!

        Y'all have a great holiday.

--
-------------------------------------------------------------------------------
* E.A. Jaafar.  North Ave. Trade School, Atlanta, GA 30332.                   *
-------------------------------------------------------------------------------
Comments: Gated by NETNEWS@AUVM.AMERICAN.EDU