Home > News > Nation
Thursday October 3, 2013 MYT 12:00:00 AM
Thursday October 3, 2013 MYT 1:22:28 PM
THERE is no issue of breach of privacy by CTOS Sdn Bhd (CTOS) because the information obtained by the credit information company is based on public information and resources, said Deputy Finance Minister Datuk Ahmad Maslan.
“There should be no issue of breach of confidentiality of customers’ personal information.
“The information gathered by the agency is one of the ways used by financial institutions to facilitate and speed up loan applications,” he told Mohamed Hanipa Maidin (PAS-Sepang) during Question Time.
Hanipa had asked whether the methods used by CTOS involved breach of personal privacy and whether CTOS would be shut down because there were complaints that some quarters were profiting from the information given by CTOS.
Ahmad said the Government had no power to stop CTOS from operating as it was a registered body under the Companies Commission of Malaysia as a credit rating agency.
“The establishment of private credit rating agencies like CTOS is to provide full coverage and content of information from various public resources such as newspapers, government gazettes and SSM data,” he added.
Tags / Keywords:
Business, 13th Parliament, Dewan Rakyat, Speaker
Rohani: Good to have three or four kids in a family
Rift will not lead to govt collapse, says Lim
PAS: No response from Speaker on hudud Bill
Shahidan: Quit stressing over 1MDB and GST
An eye-catching and challenging plan
Husband acquitted of TV9 exec's murder
Cops nab robbery mastermind six hours after robbery
Defence Ministry proposes NS to be voluntary by 2019
PAS’ hudud must be in line with Constitution, says Jamil Khir
Musa Aman: MAS must maintain services in Sabah
Have a 'whale' of a good time in Queensland
SMC yet to get directive on GST
Millennial 'NOwners' follow Uber with new fashion trading model
Wallaby Cooper returns after two months out injured
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)