The Legislative Assembly (AL) yesterday passed a government-initiated bill regulating the city’s finance leasing sector, with the aim of promoting its development.
Yesterday’s plenary session also passed a bill on tax benefits encouraging the establishment of finance leasing firms.
The two bills will come into effect the day after their respective promulgations in the Official Gazette (BO).
Secretary for Economy and Finance Lionel Leong Vai Tac (left) speaks during yesterday’s plenary session in the legislature’s hemicycle as his chief-of-cabinet Teng Nga Kan looks on. Courtesy: TDM
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