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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