MayBank Malaysias Largest Bank and Financial Group Essay Example

MayBank: Malaysias Largest Bank and Financial Group Essay 1. 0. INTRODUCTION 1. 1. MAYBANK BERHAD BACKGROUND Maybank is a trade name for Malayan Banking Berhad. Maybank is well known as the largest bank and financial group in Malaysia, with significant banking operations in Singapore, Indonesia and the Philippines. This bank also has large interests in Islamic banking throughout Maybank Islamic Berhad and insurance via its Etiqa subsidiary. As it moves into its six decade, Maybank Group already show it commitment and changes in order to become the financial service leader in Malaysia. From its incorporated on 13th May 1960, Maybank starting its operation on 12th September 1960 at Mansion House, High Street, Kuala Lumpur. At that time, Malayan economy was fully dependant on rubber and tin and Maybank take the chances to be the first wholly bank that owned finance company. It was known as Malayan Finance Corporation and later its change to Maybank Finance. Maybank opened its first overseas branch in Brunei on 28th November 1960 followed by South Bridge Road, Singapore in December 1960. On 12th December 1962, the Hong Kong branch was opened followed by a branch in London on 12th September 1962. Maybank also listed on Kuala Lumpur Stock Exchange on February 17 at the same year. On September 1973, Maybank step forward and sets up its investment banking arm known as Aseambanker and was already rename as Maybank Investment Bank in 2009. In 1974, Maybank introduced the Rural Credit Scheme which purposed its services to rural sectors and also to fulfil the government’s objective which want to balance the economic among populance. We will write a custom essay sample on MayBank: Malaysias Largest Bank and Financial Group specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on MayBank: Malaysias Largest Bank and Financial Group specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on MayBank: Malaysias Largest Bank and Financial Group specifically for you FOR ONLY $16.38 $13.9/page Hire Writer As the time passed by, Maybank upgraded its services and come out with the first mobile bus banking services in Johor in 1976 which provided financial services to rural communities. Maybank also introduced Mayban Phoenix Assurance Berhad in 1977 with the bank hold 70 % equity and the remaining 30% is held by British Phoenix assurance and changed its name to Mayban Assurance. In 1978, Maybank become the first Malaysian bank that computerized all the saving and other current account services. Maybank launched its first credit card called Maybank Visa Card in year 1980. Then, around 1983, the foundation stone of Menara Maybank or known as Maybank Headquarter was lay by Malaysian fourth Prime Minister, Tun Dr Mahathir Bin Mohamed. Maybank also step forward by opened Balai Seni Maybank and Maybank Numismatic Museum that officially launched by Tan Sri Dato Jaafar Hussein, Governor of Bank Negara Malaysia. An offshore bank in Labuan International Financial Centre was set up by Maybank to prove their establishment in this sector. After that, in 1992, Maybank formed Maybank Securities. This situation clearly show that Maybank always improving their standard year by year by introducing new services and products. Then,in year 1996, Maybank sell Kwong Yik Bank to Rashid Hussain Berhad Maybank also become the first bank that offer the convenience of ticket less travel for domestic flights on MAS through MASET (MAS Electronic Ticketing) in 1997. Maybank also upgraded its services by introducing Internet Banking services or known as Maybank2u. com that help their customer to use Maybank services at any time and places. In year 2001, Maybank then merged with Pacific Bank Berhad and Phileo Allied Bank berhad which well known as foreign banks. At the same year, Maybank also introduces Dataran Maybank which consists of head office of Mayban Finance, Maybank General Assurance, Mayban Fortis Holding, Mayban Life Assurance, Maybank Securities and last but not least is Maybank Futures. In year 2004, Mayban Finance vested all their entire operation and business into Maybank. Around 2008, Maybank was starting to establish its Islamic Banking Subsidiary known as Maybank Islamic Berhad. Besides that, Maybank also completed the acquisition of 15% in An Binh Bank (Vietnam), 20% of Muslim Commercial Bank of Pakistan and 97. 5% of Bank International Indonesia (BII). In addition, Maybank won for the second year Malaysias Most Valuable Brand (worth RM9. 3 billion), and Deal of the Year Insolvency Restructuring Deal of the Year at the 2008 ALB SE Asia Law Awards. Maybank was founded by Malaysian business tycoon Khoo Teck Puat, who died in 2004. The company was led by President and CEO Amirsham Abdul Aziz for some two decades until March 2008 after which he was appointed Minister in the Prime Ministers Department in-charge of the Economic Planning Unit, a post he held until April 2009. Dato Sri Abdul Wahid Omar was officially appointed as President and CEO of Maybank Group in May 2008. As of June 30, 2010, Maybank boasting group assets worth RM337 billion (US$106 billion), placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia. Maybank is well known as the largest bank in Malaysia with 384 domestic branches and 190 international branches and offices. Maybank is largest listed companies on the Malaysian Stock Exchange, Bursa Malaysia, with a market capitalization of over RM54 billion (USD22 billion) as of end-March 2011. In addition, Maybank was ranked at 458th in the Forbes Global 2000 Leading Companies with market cap of USD 20. 8 billion in year 2011. 1. 2. MAYBANK OPERATION Maybank operates consumer banking, business and corporate banking as well as private banking services, through a network of 384 branch offices and more than 2,800 automated teller machines in Malaysia. The company operates 22 branches throughout Singapore providing a full range of banking and financial products and services. Maybank, throu gh Maybank Philippines Incorporated, has 50 branches in the Philippines and also has a banking presence in most of the other Southeast Asian markets, including Brunei, Papua New Guinea, Indonesia, Cambodia and Vietnam. The bank also operates branches in New York, London, Hong Kong and Bahrain. Beside its commercial banking network, Maybank operates a number of specialized subsidiaries in the insurance, investment banking and assets management, and finance sectors. The groups subsidiaries include Etiqa Insurance Takaful which provides both conventional and Shariah compliant insurance products, and Maybank Investment Bank which is the Groups investment banking division following the acquisition of Maybank Discount and Maybank Securities. Maybank was the first Malaysian bank granted the right to establish a branch office in China.

Mr Smith Goes to Washington essays

Mr Smith Goes to Washington essays Frank Capras controversial 1939 film Mr. Smith Goes to Washington tells the story of a young, naive and inexperienced politician who is brought to Washington to replace the recently-deceased fictional Senator Samuel Foley. The film has a number of themes, but one that stands out beyond most is the idea that the press controls the publics opinion of a politician. They can make one out to be either a dedicated, hard-working public servant or a self-centered, power-hungry individual. Through the use of characters such as Governer Hopper, Jim Taylor, Senator Paine, and Chick McGann, we see how Capra views politics in Washington. When Mr. Smith (James Stewart) is appointed, he is unable to recognize why he was chosen. However, we soon find out that it is not because of Smiths desire to work in Washington that he was hired- or his values- but rather the fact that, as a young and naive kid, Hopper and Taylor feel that hell be an easy person to influence and vote for their corrupt Willet Creek Dam project. Smiths first encounter with the press turns out to be a disaster. He is asked what projects he would like to push and then takes the opportunity to reveal his plans for a summer boys camp. He also jokes around with the press by making birdcalls. The headlines in the next-mornings paper are taken out of context and are intended to make Smith look like a fool. When Smith is about to be sworn in, an opposing member of Congress appeals his confirmation because of the way he is portrayed in the papers. He feels that Smith brings shame to the office, but Paine quickly defends him. Smith later sees the paper and is outraged at how the press portrayed him. He rushes over to the Press Club and physically and verbally attacks the writers. One of them, after bringing Smith under control, says something particularly telling about the media. In response to Smith&...

Acid Rain Science Fair Project Ideas

Acid Rain Science Fair Project Ideas Looking for creative science fair projects? Acid rain is an important, interesting topic. Acid rain (pH less than 5.0) is rain that is more acidic than normal (pH greater than or equal to 5.0). Rising to prominence in the 1960s when Scandinavian lakes became too acidic resulting in fish deaths, acid rain was traced to pollutant emissions from western and central Europe. Today, acid rain is a ubiquitous dilemma that is a serious issue in portions of North America and eastern Canada. Science Fair Acid Rain Project Ideas Explain how acid rain started.Show the rain cycle.What is the major cause of acid rain?How do we combat acid rain? What happens if we dont? Link Resources About Acid Rain What is Acid Rain?  - Article from the EPA includes a detailed diagram of the acid rain cycle.Environmental Protection Agency: Acid Rain Program  - Includes a copy of current laws and regulation.Acid Rain and Plant Growth  - Experiment developed concerning plant growth and acid rain. Recommended Books for Science Fair Projects 365 Simple Science Experiments with Everyday Materials -  The fundamentals of science are brought to life in a years worth of fun and educational hands-on experiments that can be performed easily and inexpensively at home. People who have purchased this book have called it easy to understand and great for the student who needs a project but they arent really interested in the sciences. The book is for both young and older students.The Scientific American Book of Great Science Fair Projects - From creating your own non-newtonian fluids (slime, putty, and goop!) to teaching a sow bug how to run through a maze, youll be astounded at the number of incredible things you can do with Scientific American Great Science Fair Projects. Based on the long-standing and well-respected Amateur Scientist column in Scientific American, each experiment can be done with ordinary materials found around the house or that are easily available at low cost.Strategies for Winning Science Fair Projects - Wri tten by a science fair judge and an international science fair winner, this must-have resource is packed with strategies and pointers for putting together a winning science fair project. Here youll get the nitty-gritty on a wide variety of topics, from the fundamentals of the science fair process to the last-minute details of polishing your presentation. The Book of Totally Irresponsible Science: 64 Daring Experiments for Young Scientists - Introducing 64 valuable science experiments that snap, crackle, pop, ooze, crash, boom, and stink! From Marshmallows on Steroids to Home-Made Lightning, the Sandwich Bag Bomb to Giant Air Cannon, The Book of Totally Irresponsible Science awakens kids curiosity while demonstrating scientific principles like osmosis, air pressure, and Newtons Third Law of Motion.

Marks and Spencer Clothing Business Case Study Example | Topics and Well Written Essays - 2500 words

Marks and Spencer Clothing Business - Case Study Example Perhaps more than any other business the retail companies must devote the utmost attention to planning and analysis. The classic example for the decline in the profitability due to wrong approach to customer tastes and lack of management ability to judge the requirements of the business is Marks and Spencer, who for years has been a stalwart of UK high streets, providing generation after generation with their smalls and snacks. This report envisages bringing out a comprehensive study of the problems that lead to the decline of the profits of the company, the possible solutions that may see the company back into action towards recovering its past glory. "For better or worse, globalization has fundamentally changed retail. The wide availability of low-cost products presents challenges for maintaining both top line and bottom-line performance. Retail customers have come to expect that they can have their cake and eat it too, meaning that they can choose from a wider array of product offerings and pay a very low price for these goods." (William Brandel 2006) In fact this was the potential problem faced by Marks & Spenser during the period from 1999 to 2003 by declining sales in the clothing division. While the other high street competitors made all efforts to supply highly fashionable cat walk trendy clothing for young women at unimaginable competitive prices, Mark & Spencer didn't have anything to offer its customers like those of its competitors. With the result that the customers found alternative sources to meet their expectations and this had virtually affected the sales of Mark & Spencer. This report makes a complete review of the course of events that led to the decline in the sales and the resultant lower profitability of Mark & Spencer. The report consists of sections detailing objectives, scope and methodology of the study followed by a review of available literature leading to findings, conclusions and recommendations for the improvement of the sales of clothing line of Marks & Spencer 2.0 Marks & Spencer- A Background: Marks & Spencer is one of the UK's leading retailers of clothing, food, home wear and financial services. The Company trades in 30 countries worldwide and had a group turnover in excess of 8 billion for the year 2002 with pre-tax profit of 335.9 million for the same year. In the year 1998 it became the first retailer to make a profit of over 1 billion. The Company has 347 stores around the world with 333 stores operating in the UK. As of 2002 the company had 60,000 employees on its

Business Ethics and Social Responsibility Essay

Business Ethics and Social Responsibility - Essay Example Restaurants should apply ethics in their food delivery, pricing, and internal environment. The fast food industry is part of the restaurant industry. There are ethical issues associated with the way fast food chain treat their employees. These workers are paid low wages, but are expected to do a lot of work. Restaurants should be responsible in their selection of suppliers. Corporate social responsibility can be used by restaurants to improve the quality of life of its stakeholders. Introduction People expect business enterprises to behave in a socially responsible manner and to apply the highest standards of ethics. Ethics can be defined as the study and evaluation of human conduct in the light of moral principles (Credo Reference). It involves making decisions between right and wrong. Business enterprises in all industries are faced with ethical dilemmas. It is important for companies to behave in a proper manner to resolve these types of issues. Corporations today have become the target of society due to the fact that their behavior affects the community. One of the largest industries in the United States in terms of locations is the restaurant industry. ... Going out to a restaurant is a good way for families to spend some quality time together. The atmosphere of the restaurant is very important towards satisfying the customer. Sometimes restaurant owners want to capitalize on the wall space of the restaurant by renting advertising space to other businesses. This may be a nice way to increase income, but it may be an unethical practice. The customers of a restaurant are looking to eat in a quiet environment. Seeing a bunch of ads on the walls can be perceived as an undesirable practice. People are bombarded with advertisement everywhere they go. They do not need the added hassle of viewing them while eating at a restaurant. A factor in the restaurant industry that can lead to ethical discussion is the pricing of the restaurant. It is common business knowledge that businesses have to price their goods or services at a level that will allow the company to make a profit. A particular attribute of the restaurant industry is that any meal se rved by the restaurant can be replicated by the consumer at their own home at a fraction of the cost. Some restaurants do not care about cost and they charge exuberant prices for their meals. This action can be viewed by many as an unethical action. Some restaurants charge their customers over $100 a plate for a meal. Their cost for that meal is likely to be less than 20% of the sales price. This implies that that restaurant would have made a nice profit at a lower price point such as $50, but many restaurants continue to charge their clients exorbitant prices. This type of ethical dilemma is more likely to occur in the high-end of the restaurant marketplace. An ethical dilemma faced by all restaurants is how much food to serve its

Greenpeace :: essays research papers

Greenpeace is an independent organization campaigning to ensure a just, peaceful, sustainable environment for future generations. It began in Canada in 1971 and today has a presence in more than 40 countries with 2.4 million supporters worldwide. Greenpeace Australia was founded in 1977 and today we have more than 75,000 supporters. Prevent dangerous climate change by phasing out fossil fuels (oil, coal, gas) and replacing them with clean renewable energy such as solar. Use the 2000 Olympic Games to showcase and implement solutions to global environmental problems, including alternatives to toxic materials and renewable energy. Protect oceans from overfishing and establish a global whale sanctuary. Protect the world's remaining old growth forests. Eliminate sources of dioxin and other persistent organic pollutants (POPs) including PVC, and ensure legislation to prevent toxic waste dumping. Protect future generations from the effects of nuclear contamination by ending the nuclear fuel cycle, stopping radioactive discharges and plutonium shipments. Protect biodiversity by opposing the privatisation and manipulation of the plant and animal gene pool. Cyberactivists Many Greenpeace supporters use the Internet to work with Greenpeace. Their website is an interactive source of information and action - by sending letters, faxes, emails - to support their campaigns Frontliner’s Everyday more than 100 Greenpeace Frontline campaigners are on the streets of Australia talking to the public about their work and raising funds to enable it to continue. Frontline develops important relationships with Greenpeace by recruiting long term supporters. Local Groups Greenpeace is establishing Local Group networks in all state capitals to support their key campaigns through the coordination of local events, and by applying public pressure through campaign activities such as letter writing. Local volunteers are an important resource for research and public education. Volunteers Greenpeace rely on volunteers to support their daily work. They provide a vital role and are active in all areas of campaigning. Staff Currently Greenpeace employs 60 staff in Sydney, Canberra and the Pacific. Permanent positions are publicly advertised History / Achievements  · 1971 After first Greenpeace action the US abandons its nuclear testing grounds at Amchitka, Alaska.  · 1975 France ends atmospheric nuclear tests in the Pacific after Greenpeace protests.  · 1979 Last Australian whaling station closed.  · 1982 Global whaling moratorium adopted by the International Whaling Commission.  · 1988 Following Greenpeace actions in the early 80s, a worldwide ban on incinerating waste at sea is agreed.  · 1989 United Nations moratorium on high seas large-scale driftnets is passed. Greenpeace :: essays research papers Greenpeace is an independent organization campaigning to ensure a just, peaceful, sustainable environment for future generations. It began in Canada in 1971 and today has a presence in more than 40 countries with 2.4 million supporters worldwide. Greenpeace Australia was founded in 1977 and today we have more than 75,000 supporters. Prevent dangerous climate change by phasing out fossil fuels (oil, coal, gas) and replacing them with clean renewable energy such as solar. Use the 2000 Olympic Games to showcase and implement solutions to global environmental problems, including alternatives to toxic materials and renewable energy. Protect oceans from overfishing and establish a global whale sanctuary. Protect the world's remaining old growth forests. Eliminate sources of dioxin and other persistent organic pollutants (POPs) including PVC, and ensure legislation to prevent toxic waste dumping. Protect future generations from the effects of nuclear contamination by ending the nuclear fuel cycle, stopping radioactive discharges and plutonium shipments. Protect biodiversity by opposing the privatisation and manipulation of the plant and animal gene pool. Cyberactivists Many Greenpeace supporters use the Internet to work with Greenpeace. Their website is an interactive source of information and action - by sending letters, faxes, emails - to support their campaigns Frontliner’s Everyday more than 100 Greenpeace Frontline campaigners are on the streets of Australia talking to the public about their work and raising funds to enable it to continue. Frontline develops important relationships with Greenpeace by recruiting long term supporters. Local Groups Greenpeace is establishing Local Group networks in all state capitals to support their key campaigns through the coordination of local events, and by applying public pressure through campaign activities such as letter writing. Local volunteers are an important resource for research and public education. Volunteers Greenpeace rely on volunteers to support their daily work. They provide a vital role and are active in all areas of campaigning. Staff Currently Greenpeace employs 60 staff in Sydney, Canberra and the Pacific. Permanent positions are publicly advertised History / Achievements  · 1971 After first Greenpeace action the US abandons its nuclear testing grounds at Amchitka, Alaska.  · 1975 France ends atmospheric nuclear tests in the Pacific after Greenpeace protests.  · 1979 Last Australian whaling station closed.  · 1982 Global whaling moratorium adopted by the International Whaling Commission.  · 1988 Following Greenpeace actions in the early 80s, a worldwide ban on incinerating waste at sea is agreed.  · 1989 United Nations moratorium on high seas large-scale driftnets is passed.

Red Hunting Hat Essay

What does symbolism add to a book? It adds morals and depth to the novel. It makes the reader learn something interesting or lets them gain knowledge of something that can change their outlook on how they perceive things. In the novel Catcher in the Rye, by J. D. Salinger, it is about a perplexed boy, Holden Caulfield. He has trouble dealing the issue of growing up. One of the major symbols in the book is Holden’s red hunting hat. Salinger uses the hat to signify Holden’s need for comfort and his adolescent problems and pressures. To begin, when reading the novel one seems to come upon Holden‘s red hunting hat many times while reading. This hunting hat demonstrates Holden’s need for safety and comfort. He was deprived of it when he was a child; for nobody ever asked him how he felt about his younger brother death and his moving to different schools. The assurance one object can create is immense and that’s exactly what it did for Holden. Holden decides to leave Pencey early and heads to New York City. In cab he puts on his hat and says â€Å"I’d put on my red hunting hat when I was in the cab, just for the hell of it, but I took it off before I checked in† (61). This quote illustrates how Holden feels the need to wear the hat in order to feel safe. He was out in New York City with nowhere to turn too and he had no place to go where he would feel welcomed. The hat seemed to give him a sense of ease, but with that comfort there is a price to pay because he also felt insecure about how people will perceive him while wearing the hat. the red hunting hat is Holden’s desire to be unique and keep his individuality. Not many people will walk down the street wearing a red hunting hat, especially the way Holden wears it. Holden always wore the hat a certain way. â€Å"I put my red hunting hat on, and turned the peak around to the back, the way I like it†¦ † (52). Holden always put his hat on this way, showing he is clearly different from the world. Usually when Holden is wearing his hat he tends to reject people, or has just previously rejected them. Subsequently, the hat also gives Holden insecurity that seems to cause him pressures that one usually obtains during teenage years. But at time his pressure seemed to be a little extreme. My ears were nice and warm, though. That hat I bought had earlaps in it, and I put them on – I don’t give a damn how I looked. Nobody was around anyway. Everybody was in the sack† (53). This quote exemplifies how Holden tends to take his image to seriously. Yet throughout the novel Holden says that people that are obsessed with their look are phony, showing the reader that at time he is a hypocrite considering he’s obsessed with his look also. Not only does this happen once or twice but numerous times in the book. The quote tries to explain that Holden does not care what people think about him and yet if he did not he would not have announced that everyone was sleeping and nobody could see him. When Stradlater gets home from his date with Jane Gallagher, he and Holden get in a fight. When it is over, both Holden and Stradlater are left in physical pain. â€Å"I kept sitting there on the floor till I heard old Stradlater close the door and go down the corridor to the can, then I got up. I couldn’t find my goddam hunting hat anywhere. Finally I found it†¦ I put it on, and turned the old peak around to the back, the way I liked it† (45). The fight that Holden has with Stradlater is about Stradlater going out on a date with Holden’s friend Jane Gallagher. Holden gets upset with Stradlater for doing that because he thinks that Stradlater will cause Jane to lose her innocence. After Holden puts his hat on he stops thinking about Jane’s innocence and about his face, a more rational, less emotional subject. This also verifies a very apparent fact Holden seems to not be able up make up his mind on great number of things He seems to find himself in a confused mess.