MayBank: Malaysia’s Largest Bank and Financial Group

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 Sou th 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.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 becom e 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 Malaysia's 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 Minister's 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, through 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 s ubsidiaries in the insurance, investment banking and assets management, and finance sectors. The group's subsidiaries include Etiqa Insurance & Takaful which provides both conventional and Shariah compliant insurance products, and Maybank Investment Bank which is the Group's 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.

Free Essays on Practical Convenience

Comfort and convenience are on the rise in America’s society. People want faster service, with the same or even better quality. Opulence is also particularly essential; however, efficiency is also required to accompany its presence. Most products have undergone dramatic changes in order to please the ever-growing demand for these luxuries. Telephones changed into cellular phones. Note pads transformed, upgraded, and turned into personal data assistants. Humongous personal computers downsized to a 4-ounce laptop. However, a device has refused to undergo the immense technological change to provide improved leisure and expediency: the toilet. The toilet has not changed its basic structure or function since its invention; there are still a great number of consumers for the product. Although size and mobility cannot be changed drastically, an improvement for greater amounts of extravagance and expediency should be insisted upon in order to bring the toilet into the 21st century. If these changes do not occur very soon, I fear its users may find it obsolete and even hazardous to their health. One problem with the toilet is its lack of comfort. Warmed toilet seats are not a new idea- many of the world’s wealthy already own them. Nevertheless, no human being should ever be subject to the torture of a chilled toilet seat. The horror of a cold toilet seat may have already taken the life of the greatest musician ever known to man, Elvis Presley. Many speculate that the King of Rock and Roll died due to a heart attack caused by a drug overdose. However, what if drugs did not cause Elvis’s heart attack? What if the shock of a cold toilet seat caused the King’s premature death? I know if my grandmother found out that a cold toilet seat killed Elvis, she would probably put every cold toilet seat in sight to death. If my theory is correct, maybe America should stop its war on drugs and start a war on cold toilet seats. To improve the lives... Free Essays on Practical Convenience Free Essays on Practical Convenience Comfort and convenience are on the rise in America’s society. People want faster service, with the same or even better quality. Opulence is also particularly essential; however, efficiency is also required to accompany its presence. Most products have undergone dramatic changes in order to please the ever-growing demand for these luxuries. Telephones changed into cellular phones. Note pads transformed, upgraded, and turned into personal data assistants. Humongous personal computers downsized to a 4-ounce laptop. However, a device has refused to undergo the immense technological change to provide improved leisure and expediency: the toilet. The toilet has not changed its basic structure or function since its invention; there are still a great number of consumers for the product. Although size and mobility cannot be changed drastically, an improvement for greater amounts of extravagance and expediency should be insisted upon in order to bring the toilet into the 21st century. If these changes do not occur very soon, I fear its users may find it obsolete and even hazardous to their health. One problem with the toilet is its lack of comfort. Warmed toilet seats are not a new idea- many of the world’s wealthy already own them. Nevertheless, no human being should ever be subject to the torture of a chilled toilet seat. The horror of a cold toilet seat may have already taken the life of the greatest musician ever known to man, Elvis Presley. Many speculate that the King of Rock and Roll died due to a heart attack caused by a drug overdose. However, what if drugs did not cause Elvis’s heart attack? What if the shock of a cold toilet seat caused the King’s premature death? I know if my grandmother found out that a cold toilet seat killed Elvis, she would probably put every cold toilet seat in sight to death. If my theory is correct, maybe America should stop its war on drugs and start a war on cold toilet seats. To improve the lives...

Character Analysis of Shakespeares Othello

Character Analysis of Shakespeare's Othello Above all else, this Othello character analysis reveals that Shakespeares Othello has gravitas. A celebrated soldier and trusted leader whose race both defines him â€Å"The Moor† and defies his lofty position; it would be rare for a man of race to have such a highly respected position in Venetian society. Othello and Race Many of Othellos insecurities are derived from his race and from the perception that he is lowlier than his wife. â€Å"Haply for I am black, And have not those soft parts of conversation That chamberers have†¦Ã¢â‚¬  (Othello, Act 3 Scene 3, Line 267) Iago and Roderigo describe Othello at the start of the play, without even naming him, using his racial difference to identify him, referring to him as â€Å"the Moor†, â€Å"an old black ram†. He is even referred to as â€Å"the thick lips†. It is generally the morally dubious characters who use his race as a reason to disparage him. The Duke only speaks of him in terms of his achievements and his valor; â€Å"Valiant Othello†¦Ã¢â‚¬  ( Act 1 Scene 3 Line 47) Unfortunately, Othello’s insecurity gets the better of him and he is moved to kill his wife in a fit of jealousy. One could argue that Othello is easily manipulated but as an honest man himself, he has no reason to doubt Iago. â€Å"The Moor is of a free and open nature, That thinks men honest that but seem to be so,† (Iago, Act 1 Scene 3, Line 391). Having said that, he more readily believes Iago than his own wife but again this is probably because of his own insecurities. â€Å"By the world, I think my wife be honest and think she is not. I think that thou art just, and think thou art not.† (Act 3 Scene 3, Line 388-390) Othello’s Integrity One of Othello’s admirable qualities is that he believes that men should be transparent and honest as he is; â€Å"Certain, men should be what they seem† (Act 3 Scene 3 Line 134). This juxtaposition between Othello’s transparency and Iago’s duality identifies him as a sympathetic character despite his actions. Othello is manipulated by the truly evil and duplicitous Iago who has so few redeeming qualities. Pride is also one of Othello’s weaknesses; for him, his wife’s alleged affair confounds his belief that he is a lesser man, that he cannot live up to her expectations and her position in society; her need for a conventional white man is a critical blow to his achieved position. â€Å"For naught, I did in hate, but all in honour† (Act 5 Scene 2, Line 301). Othello is clearly very much in love with Desdemona and in killing her he denies himself his own happiness; which heightens the tragedy. Iago’s true Machiavellian victory is that he orchestrates Othello having to take responsibility for his own downfall. Othello and Iago Iago’s hatred of Othello is profound; he does not employ him as his lieutenant and there is a suggestion that he bedded Emilia previous to his relationship with Desdemona. The relationship between Othello and Emilia is never corroborated but Emilia has a very negative opinion of Othello, possibly based on dealings with her own husband? Emilia says to Desdemona of Othello â€Å"I would you had never seen him† (Act 5 Scene 1, Line 17) presumably this is out of love and loyalty to her friend as opposed to a lingering affection for him. Othello would be very attractive to someone in Emilia’s position; he is very demonstrative in his love for Desdemona but sadly this turns sour and his character becomes more recognizable to Emilia as a result. Othello is brave and celebrated which could also account for Iago’s intense hatred of him. Jealousy defines Othello and also the characters associated with his downfall.

Definition and Examples of a Glossary in a Book

Definition and Examples of a Glossary in a Book A glossary is an alphabetized list of specialized terms with their definitions.  In a report, proposal, or book, the glossary is generally located after the conclusion. Also known as a clavis (from the Latin word for key). A good glossary, says William Horton, can define terms, spell out abbreviations, and save us the embarrassment of mispronouncing the shibboleths of our chosen professions (e-Learning by Design, 2012). EtymologyFrom the Latin, foreign words Observations Because you will have numerous readers with multiple levels of expertise, you must be concerned about your use of high-tech language (abbreviations, acronyms, and terms). Although some of your readers will understand your terminology, others wont. However, if you define your terms each time you use them, two problems will occur: you will insult high-tech readers, and you will delay your audience as they read your text. To avoid these pitfalls, use a glossary.(Sharon Gerson and Steven Gerson, Technical Writing: Process and Product. Pearson, 2006)Locating a Glossary in a Class Paper, Thesis, or DissertationYou may need a glossary if your thesis or dissertation (or, in some cases, your class paper) includes many foreign words or technical terms and phrases that may be unfamiliar to your readers. Some departments and universities allow or require the glossary to be placed in the back matter, after any appendixes and before the endnotes and bibliography or reference list. If you are free to choose, put it in the front matter if readers must know the definitions before they begin reading. Otherwise, put it in the back matter.(Kate L. Turabian,  A Manual for Writers of Research Papers, Theses, and Dissertations, 7th ed. The University of Chicago Press, 2007) Suggestions for Preparing a GlossaryUse a glossary if your report contains more than five or six technical terms that may not be understood by all audience members. If fewer than five terms need defining, place them in the report introduction as working definitions, or use footnote definitions. If you use a separate glossary, announce its location: (See the glossary at the end of this report).Follow these suggestions for preparing a glossary:Define all terms unfamiliar to an intelligent layperson. When in doubt, overdefining is safer than underdefining.Define all terms that have a special meaning in your report (In this report, a small business is defined as . . .).Define all terms by giving their class and distinguishing features, unless some terms need expanded definitions.List all terms in alphabetical order. Highlight each term and use a colon to separate it from its definition.On first use, place an asterisk in the text by each item defined in the glossary.List your glossary and its first page number in the table of contents.(John M. Lannon, Technical Communication. Pearson, 2006) Collaborative Glossaries in the ClassroomInstead of creating a glossary on your own, why not have the students create it as they encounter unfamiliar terms? A collaborative glossary can serve as a focal point for collaboration in a course. Each member of the class could be assigned to contribute a term, a definition, or comments on submitted definitions. Multiple definitions can be rated by you and by the students, with the highest-rated definitions accepted for the final class glossary.When students are responsible for creating the definitions, they are much more likely to remember the word and the correct definition.(Jason Cole and Helen Foster, Using Moodle: Teaching With the Popular Open Source Course Management System, 2nd ed. OReilly Media, 2008) Pronunciation: GLOS-se-ree

Plan for Your Professional Development Assignment

Plan for Your Professional Development - Assignment Example It should be noted here that education is a constantly evolving field and one needs to be aware of the recent trends and changes in order to educate effectively and efficiently. Here I would like to discuss two courses that had a profound impact on me and I believe that through the knowledge and skills I have acquired while studying them it will benefit me tremendously when I apply the techniques, knowledge, methodologies to my future educational environment. The two courses belong to the Teacher Leadership program. This program helps mentors to develop critical skills, plan, prepare curriculums, motivate, educate and assist staff members, respond to recent technologies, staff and student management. Hence the two courses are EDU 568 Seminar in Teacher Leadership which I took in summer quarter 2013 and the other is EDU 562 Leadership in Global Education which I took in spring quarter 2013. Teachers are basically mentors who not only educate the masses but have positive impact on the wellbeing of the students. Their role is not only to teach and leave the classroom vicinity but to implement the teachings, have an appealing personality, to understand the needs and requirements of the child, to communicate effectively so that an active mechanism is generated which allows student and teacher interaction. Most of the times teachers forget their duties or get too busy with making money that they forget the purpose and divinity of this job. The role of seminar in teaching leadership thus arises. It is said that â€Å"This is the approach taken by teachers who lead diverse students to great academic achievements." (Farr, 2010). Teachers need to be equipped in leadership education in order to bridge the achievement gap and to relate to new techniques which can pave their way to better techniques, methods and teaching styles. Seminar in Teacher leadership aids you in various respects and provides knowledge about how to deploy leadership in diverse areas of education tha t is bringing about positive reforms in educational environment, plan out and develop curriculum, design innovative methods for assessment, finance and budget out events and educational needs, teach classroom management, teamwork, collaborate and work together for better results, integrate with recent technologies and researches and work positively for individual and collective development in all aspects. Thus by learning about all these aspects will not only benefit me as a teacher but will also help me to act as a leader and bring out positive reforms in my work environment. Leadership is very important as it helps to rejuvenate the forces and provide solution, manage and respond to any issue that might strike the productivity level. This course will not only make a better teacher but will also make me an effective trainer in various respects. My other choice of course which is somehow related to my previous course is Leadership in Global education. Global education is a very impo rtant subject having its own defined significance and importance. Global education acts like a bond which unites various races, cultures, casts and creed on a single platform showing interdependence of the human society. It not only helps to develop understanding of

Business Proposal for custom shoe store called DECO HEELS Essay

Business Proposal for custom shoe store called DECO HEELS - Essay Example Currently, women are finding it difficult to get shoes of their choice because most of the stores are offering already designed shoes (Shaw and Onkvisit, 2008). Decor Heels will have an unmatched and extensive selection of high heel shoes for women. The model of the business is based on customer selection that will allow customers design their own high heels under the brand name of Decor Heels. Customers will be required to place an order and the company will make an invitation for the design of their selected high heel shoes (Moisander and Valtonen, 2006). The business aims a creating a competitive advantage in the first six months of operation through diverse selection. This will depend on the company’s management team especially the marketing team. It is the expectation of the business to capture at least 20 percent of market share and a profitability of more than $100,000 in the first three years of operation. 1.1 Success Factors There is one main success factor and that i s the ability of the business to enhance satisfaction for high heels among women. The business will achieve this by offering a wide selection of shoes as preferred by customers. 1.2 Business Objectives The objectives of the business are based on the first three years of operation and include: Establishing a retail store based on supplying high shoes that will satisfy customer needs beyond expectations Capturing 20 percent of the market share for female shoes by the unmet need for women to design high heel shoes Establishing a retail business that will grow on its financial performance 2.0 Business Description Decor Heels is a sole proprietorship business based in New York serving the unmet demand for customized high heel female shoes. The business aims at enhancing consumer satisfaction by offering the opportunity for customers to design their own high heel shoes under our brand name Decor Heels. Customers will be submitting their shoe design and the company will be making available the desired designs within a period of two days. Basically, Decor Heels will be keeping close contact with manufacturers and suppliers to ensure that the shoes are made available at the shortest time possible. In order to improve service delivery, the company will establish a total of ten retail stores at strategic locations within New York City and depending on its performance; the business will open more outlets in other cities within the first three years of operation. 3.0 Definition of the market 3.1 Industry Analysis The market for high heels is under the general market for shoes. Decor Heels is targeting the market for high heel shoes which has few market players. The market for high heel shoes is dominated by large departmental stores with other players including shoe-only stores and small retail stores. Departmental stores mainly sell everything with shoes being among their items for sale. They do not put their focus on shoes but all their products on sale. Shoe-only stores as the name suggests specialize in selling shoes only. Small retail stores engage in the sale of female shoes and clothes (Hill, 2011). 3.2 Market Segmentation The general market for female shoes has two population segments including female professionals and housewives. Professionals are defined by their responsibility of working on a full-time basis whereas

Education Law Essay Example | Topics and Well Written Essays - 500 words

Education Law - Essay Example The significance of the case is to show that school authorities should ensure that the off-campus rules they implement need clear wording, applied and interpreted for students who do not understand them. The case is an excellent example for school authority officials and for students showing what happens in instances when school rules get breached. The student was not suspended from carrying out other school activities and functions, but got suspended from the baseball team as punishment for being in possession of alcohol. The violation of school rules warrants different punishments. However, certain factors have to be considered before enforcing such punishments. The first factor is the seriousness of the offense. Other factors such as the student’s age, the student’s code adopted by the board, the attitude and how often the student commits the offense are also important to assess. Lastly, the other two factors include requirements of chapter 37 of the education code and the potential effect that the student’s misconduct has on the school environment. The first concept is that the state has to take action (Lesson 3). For example, a teacher from a private school who gets fired without getting a notice from the school’s board of team members has the right to complain for contractual breach. In such an instance the school becomes liable for a lawsuit because it violates its own policies. The second concept is that the person must have been dispossessed of his or her property or liberty by the state for the court to accept that there has been a violation of due process. In this case, the state is liable for violation of due process because of breaching the contract formed between it and the person. The third concept is that the nature of due process is dependent on how severe the problem is in a case. In a case where a person has killed another person and gets sentenced to life imprisonment or death penalty, the state is liable for