Dear Lim Guan Eng

  • Letters
  • Wednesday, 28 Nov 2018

I REFER to your reply in Dewan Rakyat recently where you told an opposition lawmaker that the government does not intend to impose windfall tax on financial institutions in the country.

At a time when you frequently complain that your government is struggling to cope with the huge debts left by the previous regime, it is indeed surprising (and to some even utterly disappointing) that you should spare the very industry that has hardly done anything to ease the burden of the rakyat especially of those in the B40 group.

You also highlighted that the previous government did not impose any such tax on the banks. So does that mean the Pakatan Harapan government is no better than the old Barisan Nasional government?

Apparently you did mention that you informed Bank Negara to ask the banks to ease the lending criteria for housing loan applicants.

Now with the powers that you have, shouldn’t you be firmly instructing Bank Negara and the banks to buck up and play their part in ensuring fair wealth distribution and in nation building?

It would seem that Bank Negara (which happens to be under

your ministry) is forever preoccupied with “strengthening” the banks but is it fair that this should be at the expense of the ordinary rakyat?

This has been going on for years and it would seem that the banks have become insensitive to the plight of their customers.

Bank Negara holds the key to solving many problems faced by the increasingly hard-pressed and frustrated B40 and M40 groups. But why aren’t they doing more?

As the Finance Minister, isn’t it high time you paid more attention to Bank Negara and get them to “turun padang” to rein in the excesses of the banks.

Jeyakumar Joseph

Ayer Keroh, Melaka

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