Nor Mohamed Yakcop

Tan Sri Nor Mohamed bin Yakcop (Jawi: نور محمد بن يعقوب; born 24 August 1947) is a Malaysian politician who served as Minister in the Prime Minister's Department, in charge of Economic Planning Unit from 2009 to 2013. He had previously served as Minister of Finance II from 2004 to 2009.[1] He is a member of the Executive Committee of the National Economic Advisory Council.

Nor Mohamed Yakcop
نور محمد يعقوب
Minister in the Prime Minister's Department
Economic Planning Unit
In office
10 April 2009  5 May 2013
MonarchsMizan Zainal Abidin
Abdul Halim
Prime MinisterNajib Razak
DeputyAhmad Maslan
Preceded byAmirsham Abdul Aziz
Succeeded byAbdul Wahid Omar
Second Minister of Finance
In office
27 March 2004  9 April 2009
Serving with Abdullah Ahmad Badawi (2004–2008), Najib Razak (2008–2009)
Mizan Zainal Abidin
Prime MinisterAbdullah Ahmad Badawi
DeputyNg Yen Yen (2004–2008)
Tengku Putera Tengku Awang (2004–2006)
Awang Adek Hussin (2006–2008)
Ahmad Husni Hanadzlah (2008–2009)
Kong Cho Ha (2008–2009)
Preceded byJamaluddin Jarjis
Succeeded byAhmad Husni Hanadzlah
Tasek Gelugor
Member of the Malaysian Parliament
for Tasek Gelugor
In office
8 March 2008  5 May 2013
Preceded byMohd Shariff Omar (UMNOBN)
Succeeded byShabudin Yahaya (UMNOBN)
Majority4,547 (2008)
Personal details
Nor Mohamed bin Yakcop

(1947-08-24) 24 August 1947
Penang, Malayan Union (now Malaysia)
Political partyUnited Malays National Organisation (UMNO)
Other political
Barisan Nasional (BN)
Perikatan Nasional (PN)
Muafakat Nasional (MN)
SpouseFawziah Begum Abu Bakar
Alma materUniversity of Malaya
Catholic University of Leuven


Previously, he served with Bank Negara, the Malaysian central bank, from 1968 to 2000. During his time in Bank Negara, 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 Bank Negara 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. No actions had been taken on him as he moved on to hold important government positions.[2]

He was the Special Economic Adviser to former Prime Minister of Malaysia, 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. The transformation of the GLCs is another feather in his cap. Following the Asian financial crisis, many of the GLCs were mired in debt and rudderless. In retrospect, his solution to their problems was simple.

First, he restored their balance sheets using the Government's sovereign guarantee when necessary as this guarantee cut down their cost of funds. Then he got young, bright professionals to manage these GLCs, giving them wide latitude to run these huge corporations but with the proviso that they did not line their own pockets. To ensure that they delivered, he introduced key performance indicators and service contracts. The GLC transformation is now into its third phase – and delivering results.

He was a member of the Dewan Negara, the upper house of the Parliament of Malaysia, 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 is a former student of St. Xavier's Institution in Penang and had served as a prefect during his student days.

He is married to Puan Sri Fawziah Begum Abu Bakar, a former welfare officer. The couple has three children.

Election results

Parliament of Malaysia[3]
Year Constituency Candidate Votes Pct Opponent(s) Votes Pct Ballots cast Majority Turnout
2008 P042 Tasek Gelugor, Penang Nor Mohamed Yakcop (UMNO) 20,448 56.25% Ismail Salleh (PAS) 15,901 43.75% 37,308 4,547 83.90%


Honours of Malaysia

  •  Malaysia :
  •  Kelantan :
    • Knight Grand Commander of the Order of the Life of the Crown of Kelantan (SJMK) – Dato' (2004)
  •  Perlis :
    • Knight Grand Commander of the Order of the Crown of Perlis (SPMP) – Dato' Seri (2006)[4]
  •  Pahang :
    • Grand Knight of the Order of Sultan Ahmad Shah of Pahang (SSAP) – Dato' Sri (2004)[5]
  •  Terengganu :
    • Knight Grand Companion of the Order of Sultan Mizan Zainal Abidin of Terengganu (SSMZ) – Dato' Seri (2005)
  •  Negeri Sembilan :
    • Knight Grand Commander of the Order of Loyalty to Negeri Sembilan (SPNS) – Dato' Seri Utama (2007)
  •  Penang :
    • Member of the Order of the Defender of the State (DJN)
    • Officer of the Order of the Defender of the State (DSPN) – Dato' (1997)
    • Commander of the Order of the Defender of State (DGPN) – Dato' Seri (2003)
  •  Malacca :
    • Member of the Exalted Order of Malacca (DSM)
    • Grand Commander of the Exalted Order of Malacca (DGSM) – Datuk Seri (2006)
  •  Sarawak :
  •  Kedah :
    • Knight Commander of the Order of Loyalty to Sultan Abdul Halim Mu'adzam Shah (DHMS) – Dato' Paduka (2007)
  •  Johor :


  1. Duty comes first for Nor Mohamed, The Star, 24 February 2008.
  2. Fauwaz Abdul Aziz (25 July 2006). Forex scandal: Jaffar 'knew about losses'. Malaysiakini.
  3. "Keputusan Pilihan Raya Umum Parlimen/Dewan Undangan Negeri". Election Commission of Malaysia. Retrieved 24 June 2010. Percentage figures based on total turnout, including votes for third parties.
  4. "518 to receive Perlis awards today". The Star. 17 May 2006. Archived from the original on 20 February 2022. Retrieved 20 February 2022.
  5. "Sultan of Pahang's 74th birthday honours list". The Star. 26 October 2004. Archived from the original on 20 January 2021. Retrieved 20 February 2022.
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