Finance ministry requests full report on business issues affecting Labuan

Steven Sim being briefed on Labuan’s various economic issues and challenges faced by the business community.

Deputy finance minister Steven Sim said the report was needed for a thorough study and to find solutions. “We want a full report on that and we will look at it thoroughly,” he said after visiting the Labuan customs department here today.“They have briefed us about the reinstatement of duty-free cigarettes in Labuan and the almost double amount of tax for vehicles purchased on this island after a certain period of time.”“We want to discuss with customs on how we can work together with the private sector to further develop and facilitate business.

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