MoF wants full report on Labuan’s economic woes

.MOFmalaysia wants full report on LabuanFT's economic woes

Deputy Finance Minister II Steven Sim said the report was needed for a thorough study and to find solutions.“I have received a briefing on Labuan’s various economic issues and challenges faced by the business community and people as a whole, and I have noted that. “We want a full report on that, and we will look at it thoroughly,” he said after visiting the Labuan Royal Malaysian Customs Department, here today.

Sim said issues that are under the jurisdiction of MoF would be dealt with, including issues related to customs that would be taken up to the customs Director-General to seek solutions. “We want to discuss with customs on how we can work together with private sectors to develop and facilitate business. “The close cooperation between customs and private sectors will enable us to improve the existing policies and boost the economy that will benefit the people,” he said.

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