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	<title>Comments on: Freeze new Maybank bumi ruling until EPU methodology on ethnic equity ownership made public</title>
	<atom:link href="http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/</link>
	<description>for Malaysia</description>
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		<title>By: alphoti</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-2/#comment-14855</link>
		<dc:creator>alphoti</dc:creator>
		<pubDate>Tue, 08 May 2007 14:47:55 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14855</guid>
		<description>Whenever things like NEP &amp; other racist matters come up, I felt ashame of our fellow Malaysian who need it to survive. I&#039;m angry but I never stop hoping that one day, Malaysia will belongs to Malaysian. But I also know that such a day will be distant if Malaysian (Bumis &amp; non-bumis alike) do not do something on it.

The MBB&#039;s racist policy further confirm my fear that I will not live to see a Malaysian Malaysia even if I live another 50 years.

I think all Malaysian (including Bumis) should stand up to this policy by stopping all dealings with MBB - close accounts, cut your credit card, refinance your loans (Many banks are offering very attractive package including free moving cost). Encourage friends &amp; relative to do the same. THE IMPORTANT THING IS DO NOT STOP EVEN IF MBB REVERSE IT&#039;S NEW STUPID POLICY.

Lets show our power by making Malaysia biggest bank bleeds for being racist!

Hopefully if we are united, I may see a Malaysian Malaysia after all.</description>
		<content:encoded><![CDATA[<p>Whenever things like NEP &amp; other racist matters come up, I felt ashame of our fellow Malaysian who need it to survive. I&#8217;m angry but I never stop hoping that one day, Malaysia will belongs to Malaysian. But I also know that such a day will be distant if Malaysian (Bumis &amp; non-bumis alike) do not do something on it.</p>
<p>The MBB&#8217;s racist policy further confirm my fear that I will not live to see a Malaysian Malaysia even if I live another 50 years.</p>
<p>I think all Malaysian (including Bumis) should stand up to this policy by stopping all dealings with MBB &#8211; close accounts, cut your credit card, refinance your loans (Many banks are offering very attractive package including free moving cost). Encourage friends &amp; relative to do the same. THE IMPORTANT THING IS DO NOT STOP EVEN IF MBB REVERSE IT&#8217;S NEW STUPID POLICY.</p>
<p>Lets show our power by making Malaysia biggest bank bleeds for being racist!</p>
<p>Hopefully if we are united, I may see a Malaysian Malaysia after all.</p>
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		<title>By: rosicky</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-2/#comment-14844</link>
		<dc:creator>rosicky</dc:creator>
		<pubDate>Tue, 08 May 2007 14:23:53 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14844</guid>
		<description>Not Just Maybank!!!
Boycott celcom and TM  as well.

Recently have I have discarded my beautiful handphone number as a protest against TM.

The Malays have gone too far. They discriminated 016 from getting 3G and WIMAX license because 016 wont let the Malays have majority control.

However 016 is giving customer tremendous value for money and showing record profits. 

Go 016.



(PS: I am not on 016 payroll(above or under the table))</description>
		<content:encoded><![CDATA[<p>Not Just Maybank!!!<br />
Boycott celcom and TM  as well.</p>
<p>Recently have I have discarded my beautiful handphone number as a protest against TM.</p>
<p>The Malays have gone too far. They discriminated 016 from getting 3G and WIMAX license because 016 wont let the Malays have majority control.</p>
<p>However 016 is giving customer tremendous value for money and showing record profits. </p>
<p>Go 016.</p>
<p>(PS: I am not on 016 payroll(above or under the table))</p>
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		<title>By: slashed</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-2/#comment-14782</link>
		<dc:creator>slashed</dc:creator>
		<pubDate>Tue, 08 May 2007 12:31:10 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14782</guid>
		<description>I was left speechless when I read the post. 

Seriously, how stupid can one get?

A policy like the NEP should be subject to special procedures regulated by public law! If the people are going to give up their rights, then special procedures should be in place to make sure it isnt given up for nothing! 

Therefore, in this case, the gov needs to answer the question of proportionality. How could they justify this decision as proportionate? How is it achieving the objectives of the NEP?

It is unclear how this would benefit the bumiputra. Rather it may work against them; the public perception of bumiputra lawyers will turn negative - these lawyers will be haunted by the spectre of NEP that was supposed to help them. It is not considerate of the many bumi lawyers that worked hard to get to where they are - for the public is indiscriminate with their discrimination in this respect. For this point, just look at malay graduates from local universities. Those that are good suffer because many employers perceive them as lesser anyway. The people just dont have confidence in these lot.

Furthermore, where a firm is forced to take in more bumiputra partners, they do so at the cost of quality. The image of a firm suffers if 50% of their partners are lesser lawyers - but that is not to say that bumi lawyers are incompetent, merely that alot would be if they were raised to the position of a partner merely to meet a quota and not out of merit! 

I will raise this issue at KPUM (UK Malaysian law students soc) after my exams. Hopefully we will write a response to this. It would be difficult though since the Gov recently flexed its muscles - showing us how far their reach is; threatening my (Malay!) friend with a retraction of his scholarship for arranging a talk by Anwar on Islam and the West (!not Keadilan!); The Malaysian-Singapore society subsequently took over the talk but was forced to abandon it the day before; subsequently and fortunately, the LSE took over the talk.</description>
		<content:encoded><![CDATA[<p>I was left speechless when I read the post. </p>
<p>Seriously, how stupid can one get?</p>
<p>A policy like the NEP should be subject to special procedures regulated by public law! If the people are going to give up their rights, then special procedures should be in place to make sure it isnt given up for nothing! </p>
<p>Therefore, in this case, the gov needs to answer the question of proportionality. How could they justify this decision as proportionate? How is it achieving the objectives of the NEP?</p>
<p>It is unclear how this would benefit the bumiputra. Rather it may work against them; the public perception of bumiputra lawyers will turn negative &#8211; these lawyers will be haunted by the spectre of NEP that was supposed to help them. It is not considerate of the many bumi lawyers that worked hard to get to where they are &#8211; for the public is indiscriminate with their discrimination in this respect. For this point, just look at malay graduates from local universities. Those that are good suffer because many employers perceive them as lesser anyway. The people just dont have confidence in these lot.</p>
<p>Furthermore, where a firm is forced to take in more bumiputra partners, they do so at the cost of quality. The image of a firm suffers if 50% of their partners are lesser lawyers &#8211; but that is not to say that bumi lawyers are incompetent, merely that alot would be if they were raised to the position of a partner merely to meet a quota and not out of merit! </p>
<p>I will raise this issue at KPUM (UK Malaysian law students soc) after my exams. Hopefully we will write a response to this. It would be difficult though since the Gov recently flexed its muscles &#8211; showing us how far their reach is; threatening my (Malay!) friend with a retraction of his scholarship for arranging a talk by Anwar on Islam and the West (!not Keadilan!); The Malaysian-Singapore society subsequently took over the talk but was forced to abandon it the day before; subsequently and fortunately, the LSE took over the talk.</p>
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		<title>By: sammyvellu</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-2/#comment-14772</link>
		<dc:creator>sammyvellu</dc:creator>
		<pubDate>Tue, 08 May 2007 12:03:07 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14772</guid>
		<description>This is called Aprtheid !</description>
		<content:encoded><![CDATA[<p>This is called Aprtheid !</p>
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		<title>By: ahkok1982</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-2/#comment-14671</link>
		<dc:creator>ahkok1982</dc:creator>
		<pubDate>Tue, 08 May 2007 08:58:43 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14671</guid>
		<description>Dear all and Uncle Kit,

Many of us here are all very agreeable to stop all dealings with Maybank in protest to their unfair and racist ruling. However, there are also some who are sceptical that this protest will do little to dent Maybank&#039;s bottom line since we are a small group who doesn&#039;t hold much significance. 
So I would like to suggest if anyone or maybe even Uncle Kit to start a poll or list for people to write in their names when they have stopped all dealings with Maybank. Of course, this poll / list will not cease its function there. There are many other things which we should protest and it can also be used for such purposes. 
I think the number of names reflected in the list will spur others to also act in protest to those who are racist. 
What we have here is a good protest but it is scattered and there is nothing centralized to bring us together. We read one post after another but then it is hard to visualize how many have closed their accounts, how many have moved their business elsewhere. I think a list will be a better impact. 
Sorry to say, I dont know how to make polls or websites. Anyone willing to take it up or point me in the right direction?
www.maybanksucks.com would be a good name</description>
		<content:encoded><![CDATA[<p>Dear all and Uncle Kit,</p>
<p>Many of us here are all very agreeable to stop all dealings with Maybank in protest to their unfair and racist ruling. However, there are also some who are sceptical that this protest will do little to dent Maybank&#8217;s bottom line since we are a small group who doesn&#8217;t hold much significance.<br />
So I would like to suggest if anyone or maybe even Uncle Kit to start a poll or list for people to write in their names when they have stopped all dealings with Maybank. Of course, this poll / list will not cease its function there. There are many other things which we should protest and it can also be used for such purposes.<br />
I think the number of names reflected in the list will spur others to also act in protest to those who are racist.<br />
What we have here is a good protest but it is scattered and there is nothing centralized to bring us together. We read one post after another but then it is hard to visualize how many have closed their accounts, how many have moved their business elsewhere. I think a list will be a better impact.<br />
Sorry to say, I dont know how to make polls or websites. Anyone willing to take it up or point me in the right direction?<br />
<a href="http://www.maybanksucks.com" rel="nofollow">http://www.maybanksucks.com</a> would be a good name</p>
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		<title>By: Anti_NEP</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14661</link>
		<dc:creator>Anti_NEP</dc:creator>
		<pubDate>Tue, 08 May 2007 08:44:35 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14661</guid>
		<description>I started my engineering firm some 15 years ago. When i tried to secure government project i was told i must have a bumi partner who must hold more than 50% shares in my firm. Then Petronas insisted of 100% bumi ownership in order to secure job from them. Now i am paying 20% comission to my sleeping bumi partner whenever we secure a government job. We should call Petronas Petrobumi instead. MCA and Gerakan are all cowards especially OKT!</description>
		<content:encoded><![CDATA[<p>I started my engineering firm some 15 years ago. When i tried to secure government project i was told i must have a bumi partner who must hold more than 50% shares in my firm. Then Petronas insisted of 100% bumi ownership in order to secure job from them. Now i am paying 20% comission to my sleeping bumi partner whenever we secure a government job. We should call Petronas Petrobumi instead. MCA and Gerakan are all cowards especially OKT!</p>
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		<title>By: a-malaysian</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14660</link>
		<dc:creator>a-malaysian</dc:creator>
		<pubDate>Tue, 08 May 2007 08:41:06 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14660</guid>
		<description>Money moved, account closed.
I had also started emailing all my contacts and sms to all families and friends to boycott this racist bank and instruct them to do likewise and spread the boycott around.

&lt;b&gt;Non Bumis, this is the start of a revolution to tell the bn and all their running dogs that racism is not welcome in this world including this country, called Malaysia.&lt;/b&gt;

Whatever the outcome of this racist bank decision, the boycott must continue to show them the Non Bumis Peoples Power and a strong warning to those companies who may want to follow the same racist policies.


This racist bank had operation in the following countries:
Bahrain
Brunei
Cambodia
China
HongKong(SAR)
Indonesia
Papua New Guinea
Philippines
Singapore
United Kingdom
USA
Vietnam

Malaysian readers residing in these countries should support the call for boycott of this racist bank.
Most of these countries allow staging protest of racism, if possible someone can organise banner protest in front of this racist banks in these countries.

Act not just talk only if we want to be free of racism in this country.



&lt;b&gt;50 years is ENOUGH&lt;/b&gt;
&lt;b&gt;Vote For A Change&lt;/b&gt;
&lt;b&gt;Vote For Any Opposition&lt;/b&gt;
Give Them A Chance To Change For A Better Malaysia
Remember bn Is A Useless Grouping Of Self Serving, Corrupt, Dictator, Power Crazy, Racist, Kris waving, etc, etc type of parties.</description>
		<content:encoded><![CDATA[<p>Money moved, account closed.<br />
I had also started emailing all my contacts and sms to all families and friends to boycott this racist bank and instruct them to do likewise and spread the boycott around.</p>
<p><b>Non Bumis, this is the start of a revolution to tell the bn and all their running dogs that racism is not welcome in this world including this country, called Malaysia.</b></p>
<p>Whatever the outcome of this racist bank decision, the boycott must continue to show them the Non Bumis Peoples Power and a strong warning to those companies who may want to follow the same racist policies.</p>
<p>This racist bank had operation in the following countries:<br />
Bahrain<br />
Brunei<br />
Cambodia<br />
China<br />
HongKong(SAR)<br />
Indonesia<br />
Papua New Guinea<br />
Philippines<br />
Singapore<br />
United Kingdom<br />
USA<br />
Vietnam</p>
<p>Malaysian readers residing in these countries should support the call for boycott of this racist bank.<br />
Most of these countries allow staging protest of racism, if possible someone can organise banner protest in front of this racist banks in these countries.</p>
<p>Act not just talk only if we want to be free of racism in this country.</p>
<p><b>50 years is ENOUGH</b><br />
<b>Vote For A Change</b><br />
<b>Vote For Any Opposition</b><br />
Give Them A Chance To Change For A Better Malaysia<br />
Remember bn Is A Useless Grouping Of Self Serving, Corrupt, Dictator, Power Crazy, Racist, Kris waving, etc, etc type of parties.</p>
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		<title>By: Boneka</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14615</link>
		<dc:creator>Boneka</dc:creator>
		<pubDate>Tue, 08 May 2007 06:10:08 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14615</guid>
		<description>DAP Youth should insist that all its members close their Mayban accounts with IMMEDIATE EFFECT! Why give an ultimatum to MBB, just DO IT. The fact that their Management Board has come out with this RACIST ruling deserves this action. We know there is nothing that we can do to stop these kinds of rulings from being implementd in Malaysia. It is only a matter of time these types of rulings would be fanned-out into other Sectors as well. UNLESS OF COURSE, we vote BN out. The PM who promised us so much has let all (non-Malays) down. He and his government does not deserve another term. But as usual, we Malaysians are very short sighted that we may settle for short term gains (pay rise for government sector staff) and forget the &quot;promises&quot;.</description>
		<content:encoded><![CDATA[<p>DAP Youth should insist that all its members close their Mayban accounts with IMMEDIATE EFFECT! Why give an ultimatum to MBB, just DO IT. The fact that their Management Board has come out with this RACIST ruling deserves this action. We know there is nothing that we can do to stop these kinds of rulings from being implementd in Malaysia. It is only a matter of time these types of rulings would be fanned-out into other Sectors as well. UNLESS OF COURSE, we vote BN out. The PM who promised us so much has let all (non-Malays) down. He and his government does not deserve another term. But as usual, we Malaysians are very short sighted that we may settle for short term gains (pay rise for government sector staff) and forget the &#8220;promises&#8221;.</p>
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		<title>By: hawaiichee</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14594</link>
		<dc:creator>hawaiichee</dc:creator>
		<pubDate>Tue, 08 May 2007 05:26:47 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14594</guid>
		<description>I have closed my accounts in Maybank. Its not difficult - just move your money to another bank. Its good to do this NOW within the next 2 weeks. 

Yes, also cancel all Maybank credit cards, redeem your points and leave them.

This shows Maybank that there is a huge OBJECTION to their corporate objectives. The people do not bank with Maybank ANYMORE until it apologises and makes transparent its dealings.

JOIN ME. Lets make a difference in Malaysia. It may be difficult with fixed deposits - though Maybank rates are not good anyway. But, at least move all your savings somewhere else.</description>
		<content:encoded><![CDATA[<p>I have closed my accounts in Maybank. Its not difficult &#8211; just move your money to another bank. Its good to do this NOW within the next 2 weeks. </p>
<p>Yes, also cancel all Maybank credit cards, redeem your points and leave them.</p>
<p>This shows Maybank that there is a huge OBJECTION to their corporate objectives. The people do not bank with Maybank ANYMORE until it apologises and makes transparent its dealings.</p>
<p>JOIN ME. Lets make a difference in Malaysia. It may be difficult with fixed deposits &#8211; though Maybank rates are not good anyway. But, at least move all your savings somewhere else.</p>
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		<title>By: cliffban</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14589</link>
		<dc:creator>cliffban</dc:creator>
		<pubDate>Tue, 08 May 2007 05:17:35 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14589</guid>
		<description>Just like Tun said &quot; stategic mind&quot;, closed your account with Maybank and open new with Al Rajhi Bank,

Use Digi for Mobile,
Use Shell for Fuel,
Read from Malaysiakini, Malaysia Today, TheEdge Daily, save you time &amp; money from subcribing to BN paper.

Just like LKY said, we are being &quot; systematic marginalised &quot;...So vote wisely...before that check whether are you a register voter first. Otherwise, don&#039;t waste time talk @ write.</description>
		<content:encoded><![CDATA[<p>Just like Tun said &#8221; stategic mind&#8221;, closed your account with Maybank and open new with Al Rajhi Bank,</p>
<p>Use Digi for Mobile,<br />
Use Shell for Fuel,<br />
Read from Malaysiakini, Malaysia Today, TheEdge Daily, save you time &amp; money from subcribing to BN paper.</p>
<p>Just like LKY said, we are being &#8221; systematic marginalised &#8220;&#8230;So vote wisely&#8230;before that check whether are you a register voter first. Otherwise, don&#8217;t waste time talk @ write.</p>
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		<title>By: Jimm</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14519</link>
		<dc:creator>Jimm</dc:creator>
		<pubDate>Tue, 08 May 2007 02:33:41 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14519</guid>
		<description>We have seen how the BN component parties addresses to racism issue in Malaysia. Look at MCA.MIC.PPP.PGRM and those in the coalition, what are they doing about this? They have no choice but to keep quiet or divert the public into other issue to cover up. This way, they can keep their own interest and all their relatives and friends in business.
You all should have decided things by now. They (BN) have prepared their stories and battle plan to continue winning by bigger majority in the coming GE. They will make sure that they will win at all cost or everyone &#039;jump&#039; the boat and swin across the next shores.</description>
		<content:encoded><![CDATA[<p>We have seen how the BN component parties addresses to racism issue in Malaysia. Look at MCA.MIC.PPP.PGRM and those in the coalition, what are they doing about this? They have no choice but to keep quiet or divert the public into other issue to cover up. This way, they can keep their own interest and all their relatives and friends in business.<br />
You all should have decided things by now. They (BN) have prepared their stories and battle plan to continue winning by bigger majority in the coming GE. They will make sure that they will win at all cost or everyone &#8216;jump&#8217; the boat and swin across the next shores.</p>
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		<title>By: Tai Lo Chin</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14510</link>
		<dc:creator>Tai Lo Chin</dc:creator>
		<pubDate>Tue, 08 May 2007 02:11:35 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14510</guid>
		<description>Darkhourse, I didn&#039;t imply other things being equal bumi lawyer is inferior as lawyers by race. I am sure that are good as well as not so good bumi lawyers as non malay lawyers good or bad. What I am saying is that the Bank&#039;s appointment of law firms in their panel should be based on quality of service and merits (whatever their equity composition) but should not be equity composition of Bumi 50% being dominant consideration. The criteria to base appointment of service providers on criteria other than merits exposes, other things being equal, the bank to risks of legal protection for the bank being compromised. What is your response?</description>
		<content:encoded><![CDATA[<p>Darkhourse, I didn&#8217;t imply other things being equal bumi lawyer is inferior as lawyers by race. I am sure that are good as well as not so good bumi lawyers as non malay lawyers good or bad. What I am saying is that the Bank&#8217;s appointment of law firms in their panel should be based on quality of service and merits (whatever their equity composition) but should not be equity composition of Bumi 50% being dominant consideration. The criteria to base appointment of service providers on criteria other than merits exposes, other things being equal, the bank to risks of legal protection for the bank being compromised. What is your response?</p>
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		<title>By: hopeless</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14507</link>
		<dc:creator>hopeless</dc:creator>
		<pubDate>Tue, 08 May 2007 02:06:03 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14507</guid>
		<description>Please say &quot;NO&quot; to all these racist company. There are just too much racist policies out side and we should teach them a lesson. I think if all non-bumi closing their Maybank acct will greatly impacat their business regardless Maybank retract his racist ruling in future or not!</description>
		<content:encoded><![CDATA[<p>Please say &#8220;NO&#8221; to all these racist company. There are just too much racist policies out side and we should teach them a lesson. I think if all non-bumi closing their Maybank acct will greatly impacat their business regardless Maybank retract his racist ruling in future or not!</p>
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		<title>By: Counterpoint</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14484</link>
		<dc:creator>Counterpoint</dc:creator>
		<pubDate>Tue, 08 May 2007 01:32:02 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14484</guid>
		<description>Thank god I don&#039;t have an account with Maybank. But I don&#039;t know, you know those cartel, next thing you know all banks, whether through arm twisting or otherwise, will end up with this ruling. 

Something must be done before these kind of new forms of NEP hijacking takes root. Maybank must be made aware that coming out with such ideas would have dire consequences for their business.

Trouble is, are there enough people out there that&#039;s committed to teach Maybank that lesson?</description>
		<content:encoded><![CDATA[<p>Thank god I don&#8217;t have an account with Maybank. But I don&#8217;t know, you know those cartel, next thing you know all banks, whether through arm twisting or otherwise, will end up with this ruling. </p>
<p>Something must be done before these kind of new forms of NEP hijacking takes root. Maybank must be made aware that coming out with such ideas would have dire consequences for their business.</p>
<p>Trouble is, are there enough people out there that&#8217;s committed to teach Maybank that lesson?</p>
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	<item>
		<title>By: kurakura</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14474</link>
		<dc:creator>kurakura</dc:creator>
		<pubDate>Tue, 08 May 2007 01:10:26 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14474</guid>
		<description>I already took out my fixed deposit...</description>
		<content:encoded><![CDATA[<p>I already took out my fixed deposit&#8230;</p>
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		<title>By: smeagroo</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14468</link>
		<dc:creator>smeagroo</dc:creator>
		<pubDate>Tue, 08 May 2007 00:57:44 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14468</guid>
		<description>the problem is maybank has been part of our lives now. Like it or not maybank spells convenience. Yes, I do hv an account with them. I too wanted to join in the boycott and close my account. But unless our numbers are big enough to hurt Maybank, our exercise will be futile. 

The usual ploy used by all these big corporate giants are to penetrate the market and once they hv gained a place in your lives, they will then turn and bite u back. Look at Astro. Now without any main competition and lousy offerings from RTM and other local channels, they hv grabbed us by our balls. 

Such exercise must be done together and everyone must be willing to sacrifice.</description>
		<content:encoded><![CDATA[<p>the problem is maybank has been part of our lives now. Like it or not maybank spells convenience. Yes, I do hv an account with them. I too wanted to join in the boycott and close my account. But unless our numbers are big enough to hurt Maybank, our exercise will be futile. </p>
<p>The usual ploy used by all these big corporate giants are to penetrate the market and once they hv gained a place in your lives, they will then turn and bite u back. Look at Astro. Now without any main competition and lousy offerings from RTM and other local channels, they hv grabbed us by our balls. </p>
<p>Such exercise must be done together and everyone must be willing to sacrifice.</p>
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		<title>By: DarkHorse</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14452</link>
		<dc:creator>DarkHorse</dc:creator>
		<pubDate>Tue, 08 May 2007 00:20:03 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14452</guid>
		<description>&quot;.....whether it will affect longer term legal protection for the bank.&quot; Tai Lo Chin

To imply that giving work preference to bumi lawyers when all things are equal, that this would lead to security issues is an insult to the bumi lawyers. Are you saying that bumi lawyers are not as good as the non-bumi lawyers, that they are intellectually inferior??

The DAP leadership would do well to distance themselves from bigots from all races.

Your response please.</description>
		<content:encoded><![CDATA[<p>&#8220;&#8230;..whether it will affect longer term legal protection for the bank.&#8221; Tai Lo Chin</p>
<p>To imply that giving work preference to bumi lawyers when all things are equal, that this would lead to security issues is an insult to the bumi lawyers. Are you saying that bumi lawyers are not as good as the non-bumi lawyers, that they are intellectually inferior??</p>
<p>The DAP leadership would do well to distance themselves from bigots from all races.</p>
<p>Your response please.</p>
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		<title>By: Tai Lo Chin</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14434</link>
		<dc:creator>Tai Lo Chin</dc:creator>
		<pubDate>Mon, 07 May 2007 23:48:54 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14434</guid>
		<description>I am very glad of the stand taken by DAP Socialist Youth (Dapsy). I hear Dapsy members will close their accounts with Malayan Banking Bhd (Maybank) if it fails to retract it racist ruling on its solicitors panel ship. The boycott is a necessary moral gesture of protest. I hope will join the boycott. 

It is important for Uncle Kit to keep this issue of MaybankÃ¢â‚¬â„¢s racist ruling on lawyersÃ¢â‚¬â„¢  panel ship alive. Let the news spread. Get others like Chinese Chamber of Commerce, the SMI association, Federation of Malaysian Manufacturers to take a stand and ask their members to join the boycott of withdrawing FDs and current accounts and changing to other banks without such ruling.

(The Bar Council chairman Ambiga Sreenevasan has described the requirement as &quot;totally discriminatory&quot;. &quot;There is no legal basis for such a condition and itÃ¢â‚¬â„¢s certainly in breach of the spirit of the Federal ConstitutionÃ¢â‚¬Â she said).

We must ask the regulator Bank Negara Malaysia to also take a stand, whether it permits its members like Maybank to do a thing like that, whether it will affect longer term legal protection for the bank.  

The news of this ruling first broke in the Chinese press last Tuesday. MCA think-tank INSAPÃ¢â‚¬â„¢s economic caucus vice-chairman Dr Jeffrey Goh was quoted as saying the regulation was an insult to the legal profession and contradicted the premierÃ¢â‚¬â„¢s calls to promote meritocracy. 

Uncle Lim must ask MCA President and Gerakan chief what they thought of this ruling. They must be pressured to take a stand.</description>
		<content:encoded><![CDATA[<p>I am very glad of the stand taken by DAP Socialist Youth (Dapsy). I hear Dapsy members will close their accounts with Malayan Banking Bhd (Maybank) if it fails to retract it racist ruling on its solicitors panel ship. The boycott is a necessary moral gesture of protest. I hope will join the boycott. </p>
<p>It is important for Uncle Kit to keep this issue of MaybankÃ¢â‚¬â„¢s racist ruling on lawyersÃ¢â‚¬â„¢  panel ship alive. Let the news spread. Get others like Chinese Chamber of Commerce, the SMI association, Federation of Malaysian Manufacturers to take a stand and ask their members to join the boycott of withdrawing FDs and current accounts and changing to other banks without such ruling.</p>
<p>(The Bar Council chairman Ambiga Sreenevasan has described the requirement as &#8220;totally discriminatory&#8221;. &#8220;There is no legal basis for such a condition and itÃ¢â‚¬â„¢s certainly in breach of the spirit of the Federal ConstitutionÃ¢â‚¬Â she said).</p>
<p>We must ask the regulator Bank Negara Malaysia to also take a stand, whether it permits its members like Maybank to do a thing like that, whether it will affect longer term legal protection for the bank.  </p>
<p>The news of this ruling first broke in the Chinese press last Tuesday. MCA think-tank INSAPÃ¢â‚¬â„¢s economic caucus vice-chairman Dr Jeffrey Goh was quoted as saying the regulation was an insult to the legal profession and contradicted the premierÃ¢â‚¬â„¢s calls to promote meritocracy. </p>
<p>Uncle Lim must ask MCA President and Gerakan chief what they thought of this ruling. They must be pressured to take a stand.</p>
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	<item>
		<title>By: kurangajah</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14418</link>
		<dc:creator>kurangajah</dc:creator>
		<pubDate>Mon, 07 May 2007 22:54:17 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14418</guid>
		<description>MayBank has done well by giving more opportunities to Bumi lawyers. Other Bumi Banks should also follow this ruling. The next step to take is to ensure that all Bank Account holders must constitute at least 50% Bumi. All those who don&#039;t comply will have their accounts closed.
To all non Bumi account holders, don&#039;t wait to be further insulted. Close your account(s) today, for that is the right thing to do. And to all those non Bumi shareholders, sell off your MayBank shares because they might just force you to sell to the Bumis.</description>
		<content:encoded><![CDATA[<p>MayBank has done well by giving more opportunities to Bumi lawyers. Other Bumi Banks should also follow this ruling. The next step to take is to ensure that all Bank Account holders must constitute at least 50% Bumi. All those who don&#8217;t comply will have their accounts closed.<br />
To all non Bumi account holders, don&#8217;t wait to be further insulted. Close your account(s) today, for that is the right thing to do. And to all those non Bumi shareholders, sell off your MayBank shares because they might just force you to sell to the Bumis.</p>
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	<item>
		<title>By: accountability</title>
		<link>http://blog.limkitsiang.com/2007/05/07/freeze-new-maybank-bumi-ruling-until-epu-methodology-on-ethnic-equity-ownership-made-public/comment-page-1/#comment-14377</link>
		<dc:creator>accountability</dc:creator>
		<pubDate>Mon, 07 May 2007 21:27:10 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=202#comment-14377</guid>
		<description>maybank, you racist!!!

i will terminate my account with you as soon as i return home.
i&#039;m more than happy to give my business to another bank!

hopefully, all that your remaining bumi customers will deposit in your bank are crutches and non-performing-loans (ie. hutang buruk!)</description>
		<content:encoded><![CDATA[<p>maybank, you racist!!!</p>
<p>i will terminate my account with you as soon as i return home.<br />
i&#8217;m more than happy to give my business to another bank!</p>
<p>hopefully, all that your remaining bumi customers will deposit in your bank are crutches and non-performing-loans (ie. hutang buruk!)</p>
]]></content:encoded>
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