This news about Maybank's dumb decision to require law firms with bumiputera stake thing really stunt me. Maybank - one of the largest bank in Msia, blue chip company and had the best online services seemed like a very forward-looking bank to me. This makes me doubt what kind of management team that approves this kind of decision. In Malaysia, there is already a long list of unfair practices and they are happily trying to add one more to the list. What really prompt a profit-oriented organisation to mix politics into business ?
After a whole round of protests and fury, The Cabinet finally spoke !! End of the whole episode of hoo-haa .... However, damage may already been done. Some of its customers claimed that they will refuse to do business with this kind of bank.....
I hope there is lesson learnt from this episode....
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