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Tuesday, July 25, 2023

Fact-check: Maybank statement on 'PM's unclear policies' is real

 


A statement by Maybank Investment Bank in an e-mail to its clients this month, seemingly criticising the government's "unclear" policies recently made rounds on social media.

This was when PAS' Bachok MP Syahir Sulaiman shared a screenshot of the e-mail on Twitter, in which he highlighted the criticism.

However, supporters of the ruling coalition claimed the image of that e-mail was doctored, and that the investment bank never made such a statement.

Checks by JomCheck, a Malaysian fact-checking alliance, found the image shared by Syahir is legitimate.

Maybank Investment Bank had indeed sent the e-mail to clients on July 20.

The e-mail, inviting clients to a webinar, read: "Positive sentiments from the unity government's formation last year did not continue into the new year.

The emails

"PM's yet unclear policies and uncertainties in the stability of power also led to market concerns."

It went on to say things were "looking up" in the second half of the year, with Budget 2024 and state elections possibly bringing positive surprises.

Second e-mail omitted statement

The confusion over the legitimacy of the e-mail stemmed from the fact that the bank sent another invitation to the same webinar, on July 21.

In the July 21 e-mail, the statement on "PM's yet unclear policies and uncertainties in the stability of power" were removed.

As a result, many who responded to Syahir had referred only to the July 21 e-mail and wrongly accused the PAS MP of disinformation.

Syahir, whose tweet garnered more than 54,000 views, did not respond to those accusations.

Maybank Investment Bank, when contacted by JomCheck partners, declined to comment on record.


Malaysiakini is part of the Malaysian fact-checking alliance JomCheck.

Through JomCheck, Malaysians can submit requests to fact-check a claim by sending a WhatsApp message to the tipline at 017-477 6659 (WhatsApp text only, no calls) or via this link. - Mkini

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