Invasion of banking privacy??

While it is good to read that the Govt is earnestly doing its best to help the needy, >> Rejected applicants of BR1M told to check with IRB, something that is said by the BN spokesman may give rise to some concern, in the area of personal and informational privacy. I quote, " However, there were also some found to be ineligible although their documents state otherwise. There are 12 agencies, including banks working together to verify the applications. “Most of these cases involve traders whose records show an income of below RM3,000 but have a heavier cashflow into their bank accounts regularly,”

As far as most of us understand, information in the banks regarding customers' account and transaction details are strictly confidential and may not be divulged to any other party under any circumstances, and to the IRB only on specified reasons like investigations for tax evasion and non payment. As such, whether under the provisions of the banking laws or the Income Tax Act, are the banks obliged to provide details of "heavy cashflow" of its clients to the IRB??

I think this is the reason for the initial fears of the public when the IRB was tasked with the job of dispensing the RM500 under the BR1M. Now it seems that the IRB may have exceeded its powers. Have our privacy laws been breached here?

I think some clarification is due from the political parties involved.

Condos on the hills,

If you read between the lines of this report>>Condos on the hills, you will find that behind the marketing hullabaloo lies a sinister disclosure, hidden among the usual euphemistic phrases, to dull the public into believing that the company has big CSR responsibilities. Quotes:.. "Located adjacent to the Bukit Lanjan Forest Reserve, Damansara Foresta comprises 42 acres of which only 50% will be developed.".... " The salient point about Foresta is the contours of the land. About half of the 42 acres are class three and four slopes where development is not allowed to take place. Only class one and two slopes can be developed. Slopes are divided into four classes class one for slopes below 15 degrees, class two between 15 and 25 degrees, class three between 25 and 35 degrees and class four, above 35 degrees. "
From decades of frustrating public observation, since when have developers NOT developed slopes above 35%, when these dangerous slopes are adjacent to and concatenates with the valuable land that is being sold to upmarket buyers. Witness the Highland Tower tragedy, and the encroachment of development of the 'dangerous' slopes in Damansara heights, among many others in the City and elsewhere.

To me, all these public statements are made to lull the authorities into agreeing to allow the whole area to be developed, and once "in", it's like the proverbial camel sticking its leg into the Arab tent.. Very soon the whole camel will be inside the tent, and the Arab kicked out!

Malaysian businessmen and politicians, by and large do not have the moral backbone to protect the country and the environment, and are only driven by lascivious greed to destroy it.