Proud of dubious titles: Datukship award ...

  
Abdul Latif presenting an award to Koh at an investiture ceremony at the ‘balai rasmi’ in Simpang Ampat, Malacca, on Feb 16, 2013

PETALING JAYA: Scores of recipients of questionable awards from territorial chieftains are shamelessly displaying their dubious titles of “Datuk”, “Datuk Paduka” and “Datuk Seri” online.

A website lists a number of people with Datukships conferred by Malacca’s Undang Luak of Naning, Dato’ Seri Raja Merah Dato’ Abdul Latif Hashim.

The website also contains a full list of awards conferred by the chieftain, compri­sing 60 awards under 11 categories.

Awards in the first 10 categories come with different titles while the last category – with three awards – does not come with a title.

The categories range from Anugerah Darjat Kerabat Gelaran, which lists the highest award as the Darjah Kerabat Undang Naning, to the Anugerah Kehormat Gelaran, which carries the title Datuk.

The Star reported recently that Abdul Latif handed out scores of unrecognised Datuk­ships and other titles to those who had “contributed” to the Naning Territory.

Another self-claimed “Malacca-Perak Sul­tan” Ahmad Shah Raja Noor Jan Shah had also awarded titles to over 90 people.

Awards conferred by territorial heads and self-styled traditional leaders are not recognised anywhere in the country, unlike those conferred by the Yang di-Pertuan Agong and heads of state.

As of yesterday, two people had been identified on the website as recipients of the highest award, the Darjah Kerabat Undang Naning, which carries the title Datuk Seri Diraja.

Twenty-three others carry the title “Datuk”, of whom 17 were awarded the Darjah Kehormat Undang Naning while the rest were conferred the Darjah Kehormat Wilayah Naning.

Other titled recipients are Datuk Paduka Seri and Datuk Jaksa (six recipients each), Datuk Seri (one recipient), Datuk Paduka (nine recipients) and Datuk Panglima (five recipients).

The website also contains background information on Naning Territory, photographs of the Naning flag and those of its divisions, the current chieftain of Naning and pictures of his birthday in 2010.

‘I was told to pay RM90,000 for award’

By LOSHANA K. SHAGAR  loshana@thestar.com.my

 

KUALA LUMPUR: A week after his face appeared in the newspaper, a recipient of the unrecognised Dato Kehormat Undang Naning award has claimed that he was led to believe the award was genuine and he almost paid RM90,000 for it.

Sebestian Koh, 49, said there were over 100 recipients that day receiving one of three titles – Datuk Seri, Datuk Paduka and Datuk.

Koh also refuted a statement by Malacca’s Undang Luak of Naning, Dato’ Seri Raja Merah Dato’ Abdul Latif Hashim, that he did not confer the title.

Showing photographs of him receiving the award at the “balai rasmi” in Simpang Ampat, Malacca, on Feb 16, Koh said: “I think the confusion must have arisen because there were so many people being awarded titles that day, so he (Abdul Latif) might not have remembered me.

“I was told by a friend, who also received the award, that it was recognised by the Government. He said I could even include the title in my MyKad and passport.

“Although I had never heard of the award, I decided to accept it since they were conferring it on me anyway.”

Koh was speaking to reporters at the MCA Public Service and Com­plaints Department yesterday.

The Star had front-paged the issue of questionable titles conferred by Naning chieftains and interviewed Abdul Latif and Ahmad Shah Raja Noor Jan Shah, who claimed to be the “Malacca-Perak Sultan”.

Abdul Latif had said that the investiture ceremony to confer titles was purely customary and the awards were merely customary titles with no connection to those bestowed by the Malacca Government.

In November last year, Koh said his friend, a certain “Datuk” Teoh, had called to inform him about the Datukship and handed over a “surat watikah”.

He said he was also informed about the RM90,000 “standard donation” for the title, which would be “contributed” to the Naning territory.

Before the investiture ceremony, Koh said he paid RM6,000 for a yellow sash with red stripes, a medal with the words “Dato Kehormat” and a card identifying him as a title holder.

When asked if he knew that the award was dubious, Koh admitted that he did know that the historical state had no sultan.

“The one conferring the title claimed to be a descendant of the Malacca sultanate and I asked around to check if this was true,” he said, confessing however that this was not done thoroughly as whatever information he had, coupled with Teoh’s persuasion, made everything “look very real”.

A few months after he accepted the award, Koh said his friends asked if they could advertise their congratulatory messages, to which he agreed.

“Only after The Star article on the Datuks of Naning was published did I realise that I had received an unrecognised award. My friends are laughing at me for being a recipient of a fake award. It is very embarrassing.”

When asked about his next move, Koh said he would not lodge a police report but had set aside the award and moved on.

On whether the award might be revoked if he did not settle the “standard donation”, Koh waved it off as a non-issue, adding that “it was not recognised anyway”.

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Asian banks remain to be seen more scandals will surface

HSBC, Standard Chartered and DBS were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate (Sibor). Photo: Bloomberg

HSBC, Standard Chartered, JP Morgan Chase, Barclays and DBS were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate (Sibor), swap offered rates and currency benchmarks in the city state, [the Monetary Authority of Singapore] said.

BANKING scandals are surfacing in Asia, this time in the form of a US$250mil (RM799mil) fine on Mitsubishi UFJ Financial Group Inc on claims that it had transferred money to countries facing US sanctions.

According to the South China Morning Post, The Bank of Tokyo-Mitsubishi UFJ Ltd, the main lending unit of Japan's biggest bank by market value, moved an estimated US$100bil through the state for government and privately owned entities on the Specially Designated Nationals list.

This list was issued by the US Treasury Department's Office of Foreign Assets Control between 2002 and 2007, the New York State Department of Financial Services and New York Governor Andrew Cuomo said in a statement recently.

Just about two weeks earlier, the Monetary Authority of Singapore (MAS) had cracked down on the rigging of the Singapore Interbank Offered Rate or Sibor.

HSBC, Standard Chartered, JP Morgan Chase, Barclays and DBS were among 20 banks at which 133 traders had tried to manipulate the Sibor, swap offered rates and currency benchmarks in the city-state, MAS said in a statement recently.

Greedy

These incidents within Asian banks are significant, as the European and US banks have been bearing the brunt of criticism.

The major UK banks have been fined for the Libor (the London equivalent of Sibor) rigging and the mis-selling of products.

Due to their role in the churning of derivatives, these banks in the West have been described as greedy, careless and manipulative.

The recent scandals seem to involve only a few Asian banks, but it remains to be seen how many more names will surface and what sort of rules have been flouted.

In view of their important role in the economic growth of Asia, they will be closely watched in terms of risk exposure and ethical banking practices.

So, Asian banks, some of which have become very profitable, beware on all fronts.

In Europe, overnight talks aimed at ensuring shareholders and bond holders bear the brunt of bank failures collapsed after almost 20 hours of discussion, reports The Telegraph.

After investors, the proposals would impose losses on savers with more than 100,000 euros in their account, but France and non-eurozone countries want the ability to tailor the rules, the report says.

Discussing possible bank failures may not be the most urgent agenda, although extreme stress testing and estimation of potential bank losses should be conducted.

This is tied to the capital position of the bank.

However, there should be a constructive approach to boosting capital buffer and ensuring that the bank does not fail rather than what to do if it fails.

It is like pointing a gun at a man's head even before the crime is committed.

Bond bubble

There is said to be a “bond crisis” out there, where the bond bubble is about to burst, with investors looking for other asset classes to invest in.

With the impending halt to the US quantitive easing programme of additional liquidity, this search for other asset classes has become more urgent.

Nevertheless, 'We see improving US gross domestic product as a positive support to risk' assets such as shares, but would expect liquidity reductions to remove some of the froth' from current valuations, including in corporate bonds.

“Where we have the biggest concern is some of the riskier banks.

'Even five years on from the financial crisis, we cannot with any confidence say we are happy with the quality of their balance sheets; this is where risks of capital losses are highest,'' says Chris Bowie, manager of Ignis fund management.

Such is the reality of investing. It involves constant assessment of risk, changes in the markets and valuations.
Micromanagement is usually discouraged but may be useful in this case.

 By Yap Leng Kuen
Columnist Yap Leng Kuen cautions on the headwinds.
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Winning education, America and China!

Providing a student with a taste of life in two of the most powerful and dynamic nations in the world is a winning combination.

I AM always being asked by anxious parents about where they should send their sons and daughters to school or university.

As a graduate of a British university, most people would expect me to be a big promoter of UK institutions.
In the past, that would have been the case, but nowadays I’m no longer so convinced.

Indeed, the smartest Malaysian parents have already anticipated changing trends, sending their offspring to the United States, especially schools on the East Coast (and Ivy League colleges).

At the same time, virtually every young Chinese Malaysian scion is expected to spend at least a year or so brushing up his or her Mandarin in Beijing.

Some even attempt courses at the city’s prestigious Peking University.

To my mind, it’s a winning combination: providing a student with a taste of life in two of the most powerful and dynamic nations in the world.

This doesn’t mean that I think American graduates (even Ivy Leaguers) are cleverer than their British counterparts.

If anything, they’re just more articulate and confident.

These are qualities, however, that tend to evaporate the moment they put pen to paper.

Indeed, I’ve never understood the educational value of multiple choice tests so in vogue in the American education system.

Why is this trend occurring?

Well, for one thing, American universities really score in terms of the money at their disposal and the incredibly diverse student body.

This in turn creates a superb and influential network for the future for their students.

At the same time, one of the most high-profile recent British graduates was Bo GuaGua, the son of disgraced Communist Party apparatchik Bo Xilai.

The young Bo studied at the elite British public school, Harrow, followed by Oxford University’s Balliol College.

When his father and mother fell so spectacularly from grace, GuaGua’s ostentatious ways and flamboyant educational choices were viewed as evidence of his parent’s waywardness and lack of discretion.

With China now the source of the world’s largest number of overseas students (surpassing even India), GuaGua’s disastrous stint in the UK may well prove to be a powerful disincentive for other parents in Beijing and Shanghai.

Indeed, a million Chinese students were studying abroad by the end of 2006 and in 2011 alone, 340,000 students headed overseas.

The shift may well take time as London remains an important financial capital despite its fading diplomatic leverage.

Still, the Great Power rivalry across the Pacific means that the United States possesses a powerful allure for Chinese parents as they seek to prepare their children for the future.

The children of China’s new rich can now be found in places like the Phillips Andover Academy (founded in 1778, the alma mater of President George W. Bush), its rival Phillips Exeter (1781) and the Groton School (1884, where President Franklin Delano Roosevelt studied).

They’re attractive to Chinese parents because it gives their children the edge for entry to Ivy League universities like Harvard or Yale.

Even Bo GuaGua headed to the Harvard Kennedy School (HKS) to study public policy after Oxford.

US Department of Homeland Security numbers indicate that there were 6,725 Chinese students in American secondary schools in 2011, compared to just 65 in 2006.

Overall, more than 157,000 Chinese students studied in America that year – a full 22% of the total number of foreign students there.

China again surpassed India as the largest source of overseas students for America in 2010.

Malaysia, in contrast sent just 6,190 students to America that year.

It would seem that many Malaysians still hanker for British educational institutions – perhaps to our disadvantage.

As this is being written, the best and brightest minds from the world’s two superpowers are rubbing shoulders in the schoolyards and lecture halls of America as well as, increasingly, China.

It’s always a good thing when young people come together.

Perhaps the long-feared clash between China and the West may not materialise after all as children from both compete in their respective elite institutions instead.

  Ceritalah
By Karim Raslan

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