Tan Sri The Malay language has a complex system of styles, titles and honorifics which are used extensively in Brunei, Indonesia, Malaysia, Singapore, and the southern Philippines. Brunei, Malaysia, Singapore and several provinces in Indonesia regul ...

Nor Mohamed bin Yakcop ( Jawi: نور محمد بن يعقوب; born 24 August 1947) is a

Malaysian Malaysian may refer to: * Something from or related to Malaysia, a country in Southeast Asia * Malaysian Malay, a dialect of Malay language spoken mainly in Malaysia * Malaysian people, people who are identified with the country of Malaysia regard ...

politician who served as

Minister in the Prime Minister's Department The Minister in the Prime Minister's Department is a member of Cabinet of Malaysia who administers a portfolio through the Prime Minister's Department. List of Ministers in the Prime Minister's Department The following individuals have been appo ...

, in charge of Economic Planning Unit from 2009 to 2013. He had previously served as Minister of Finance II from 2004 to 2009. He is a member of the Executive Committee of the National Economic Advisory Council.

Career

He served with

Bank Negara The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...

, the Malaysian

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

from 1968 to 2000. During his time in

he was responsible for the implementation of a number of major projects, including * the implementation of Islamic banking in Malaysia * the setting-up of the bilateral payments mechanism between

Malaysia and Central Banks of South-South countries * the setting-up of the Rating Agency Malaysia Berhad. He was also involved in a currency speculation scandal in the early 1990s, where Bank Negara lost up to RM30

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

. No action was taken as he moved on to hold important government positions. Yakcop was the Special Economic Adviser to former

Prime Minister of Malaysia The prime minister of Malaysia ( ms, Perdana Menteri Malaysia; ms, ڤردان منتري مليسيا, label= Jawi, script=arab, italic=unset) is the head of government of Malaysia. The prime minister directs the executive branch of the fed ...

, Tun Dr. Mahathir Mohamad. In 2002, he was appointed the director of Khazanah Nasional. He played a major role in government-linked companies (GLCs) like United Engineers Malaysia Berhad and

Malaysia Airlines Malaysia Airlines Berhad (MAB; ms, Penerbangan Malaysia Berhad), formerly known as Malaysian Airline System (MAS; ), and branded as Malaysia Airlines, is the flag carrier airline of Malaysia and a member of the Oneworld airline alliance. (Th ...

. The transformation of the GLCs was something he led on. Following the Asian financial crisis many of the GLCs were mired in debt and rudderless. Yakcop restored their balance sheets using the Government's sovereign guarantee when necessary to cut down their borrowing costs. He installed new managers in the GLCs, giving them wide latitude to run the corporations honestly. To ensure that they delivered, he introduced key performance indicators and service contracts. He was a member of the '' Dewan Negara'', the upper house of the

Parliament of Malaysia The Parliament of Malaysia ( ms, Parlimen Malaysia) is the national legislature of Malaysia, based on the Westminster system. The bicameral parliament consists of the Dewan Rakyat (House of Representatives, lit. "People's Assembly") and the D ...

, for two terms before stepping down to run for the Tasek Gelugor parliamentary constituency in Penang in the Malaysian elections on 8 March 2008.

Personal life

He was a student of St. Xavier's Institution in Penang and served as a prefect during his student days. He is married to Puan Sri Fawziah Begum Abu Bakar, a former welfare officer. The couple have three children.

Election results

Honours

Honours of Malaysia

* : **

Officer of the

Order of the Defender of the Realm The Most Esteemed Order of the Defender of the Realm ( ms, Darjah Yang Mulia Pangkuan Negara) is a Malaysian federal award presented for meritorious service to the country. The Order Motto are 'Dipeliharakan Allah-Pangkuan Negara' (By the Grace ...

(KMN) (1989) **

Companion of the

Order of Loyalty to the Crown of Malaysia The Most Esteemed Order of Loyalty to the Crown of Malaysia ( ms, Darjah Yang Mulia Setia Mahkota Malaysia) is a Malaysian federal award presented for meritorious service to the country and awarded by the sovereign. The order was instituted ...

(JSM) (1993) **

Commander of the

(PSM) – Tan Sri (2000) * : ** My-KEL Order of the Life of the Crown of Kelantan 1925-2006

Knight Grand Commander of the

Order of the Life of the Crown of Kelantan Order, ORDER or Orders may refer to: * Categorization, the process in which ideas and objects are recognized, differentiated, and understood * Heterarchy, a system of organization wherein the elements have the potential to be ranked a number of d ...

(SJMK) – Dato' (2004) * : ** MY-PERL Order of the Crown of Perlis - Knight Grand Commander - SPMP

Knight Grand Commander of the

Order of the Crown of Perlis Order, ORDER or Orders may refer to: * Categorization, the process in which ideas and objects are recognized, differentiated, and understood * Heterarchy, a system of organization wherein the elements have the potential to be ranked a number of d ...

(SPMP) – Dato' Seri (2006) * : ** MY-PAH Order of Sultan Ahmad Shah of Pahang - Grand Knight - SSAP

Grand Knight of the

Order of Sultan Ahmad Shah of Pahang The Most Illustrious Order of Sultan Ahmad Shah of Pahang ( Malay: ''Darjah Kebesaran Sultan Ahmad Shah Pahang Yang Amat Di Mulia'') is a knighthood order of the Sultanate of Pahang. History The order was founded by Sultan Ahmad Shah on 24 O ...

(SSAP) – Dato' Sri (2004) * : ** MY-TER Order of Sultan Mizan Zainal Abidin - Dato Sri Setia - SSMZ

Knight Grand Companion of the

Order of Sultan Mizan Zainal Abidin of Terengganu The Most Select Order of Sultan Mizan Zainal Abidin of Terengganu (Bahasa Melayu: ''Darjah Kebesaran Sultan Mizan Zainal Abidin Terengganu Yang Amat Terpilih'') is an honorific order of the Sultanate of Terengganu History It was founded by Sul ...

(SSMZ) – Dato' Seri (2005) * : ** MY-NEG Order of Loyalty to Negeri Sembilan

Knight Grand Commander of the

Order of Loyalty to Negeri Sembilan Order, ORDER or Orders may refer to: * Categorization, the process in which ideas and objects are recognized, differentiated, and understood * Heterarchy, a system of organization wherein the elements have the potential to be ranked a number of d ...

(SPNS) – Dato' Seri Utama (2007) * : ** MY-PEN Order of the Defender of State - Member - DJN

Member of the Order of the Defender of the State (DJN) ** MY-PEN Order of the Defender of State - Officer - DSPN

Officer of the Order of the Defender of the State (DSPN) – Dato' (1997) ** MY-PEN Order of the Defender of State - Commander - DGPN

Commander of the

Order of the Defender of State Order, ORDER or Orders may refer to: * Categorization, the process in which ideas and objects are recognized, differentiated, and understood * Heterarchy, a system of organization wherein the elements have the potential to be ranked a number of d ...

(DGPN) – Dato' Seri (2003) * : ** MY-MAL Exalted Order of Malacca

Member of the

Exalted Order of Malacca ''Exalted'' is a high fantasy tabletop role-playing game originally published by White Wolf Publishing in July 2001. The game is currently in its third edition. It was originally created by Robert Hatch, Justin Achilli and Stephan Wieck, and w ...

(DSM) **

Grand Commander of the

(DGSM) – Datuk Seri (2006) * : ** MY-SAR Order of the Star of Sarawak - 2 ribbon PNBS -JBS-PBS-ABS-BBS

Knight Commander of the

Most Exalted Order of the Star of Sarawak The ''Darjah Utama Yang Amat Mulia Bintang Sarawak'' (Most Exalted Order of the Star of Sarawak) is the highest state order in the state of Sarawak. It is conferred to those who rendered excellent service towards the development of the state of S ...

(PNBS) – Dato Sri (2008) * : ** Knight Commander of the Order of Loyalty to Sultan Abdul Halim Mu'adzam Shah (DHMS) – Dato' Paduka (2007) * : **

Most Honourable Order of the Crown of Johor - ribbon bar

Companion of the

Order of the Crown of Johor The Most Honourable Order of the Crown of Johor ( Malay: ''Darjah Mahkota Johor Yang Amat Mulia'') is an Order of chivalry awarded by the Sultan of Johor. It was first instituted on July 31, 1886. It is awarded in three classes: *Knight Grand Co ...

(SMJ)

References

{{Authority control Malaysian Muslims Malaysian politicians of Indian descent Knights Commander of the Most Exalted Order of the Star of Sarawak People from Penang Living people United Malays National Organisation politicians 1947 births University of Malaya alumni Catholic University of Leuven alumni Members of the Dewan Negara Members of the Dewan Rakyat Government ministers of Malaysia Commanders of the Order of Loyalty to the Crown of Malaysia Economy ministers of Malaysia Finance ministers of Malaysia Companions of the Order of Loyalty to the Crown of Malaysia Officers of the Order of the Defender of the Realm Companions of the Order of the Crown of Johor