THE QUESTION upon whether FT Labuan is still having a 'free port' standing now, as well as is a supervision starting to allowing a 'Barter Trade' to be regenerated upon a island?
This was lifted by a Kota Kinabalu Member of Parliament Hiew King Cheu not long ago in a Jun sitting in a Parliament. The Finance Minister in a created reply said which a Labuan Island is given a special right as a 'Free Port' which is supposing under a Clause XVIII under Section 154 to 160 of a Custom Act 1967. Thus, FT Labuan is a 100% giveaway port.
At a time being, a supervision is not considering to allow a Barter Trade in FT Labuan to be restarted again.
The people in Sabah as well as from FT Labuan have requested a KK MP during his revisit to Labuan Island to help to put their subject in Parliament. After knowing a answer, they have been not happy at all. Many people asked because a island is a 100% a giveaway port as well as yet a prices of many equipment have been some-more costly than Sabah as well as Sarawak? In a past you can buy cheap products from Labuan which enclosed those imported from abroad country.
The Barter Trade commercial operation is a live-line of Labuan Island as well as last time many people depended upon this to consequence a living. The traders from neighbouring countries had regularly came to do their traffic upon their furnish as well as in exchange for a Labuan goods.
The barter traffic was terminated by a supervision claiming which a traffic brought along bootleggi! ng as we ll as illegal businesses. This severely cut off a live-lines of many businesses of a people in Labuan.
They had not recovered until currently as well as their businesses gone, as well as in lapse this had influenced seriously a economy of Labuan Island. The once sepulchral island has been converted to an island without most commercial operation activity. Labuan has been suffering from really delayed mercantile growth since.
KK MP Hiew who often visits Labuan has close connection with a people here, as well as he felt which Labuan indispensable evident courtesy especially in a mercantile advancement. There is only not sufficient mercantile wake up here to sustain a financial stability. The supervision is not you do most in terms of helping a island.
The various businesses here can not grow without injection of fund as well as other large investments as well as development projects. Hiew said to put Labuan behind upon a feet, a supervision contingency put in great efforts as well as encourage investments into a island. It has plenty of potential as well as opportunities, if it is carried out by a supervision who has a determination as well as prophesy to open it up.
Back in a midst 1970s, Labuan was only an island with little or no industries as well as commercial operation opportunities. It had became sepulchral until a investiture of a oil rig phony back yard (Broom as well as Root), a Labuan Flour as well as Feed Mill, a Sabah Ship Yard, a Shell oil as well as gas base as well as terminal, a Asian Supply Base etc.
The Kg Rancha Rancha as well as Pulau Eno were remade from a fishing village into a complicated attention site with a environment up of a gas methanol plant as well as a iron smelting plant. For this, you contingency appreciate a people who had a vision, a wisdom as well as a will energy to give these to a Labuan people. These peop! le shall be remembered by all here in Labuan.
It is unhappy to see which currently there is no plan to move into Labuan any economy booster or any positive mercantile directives/plans whereby a Labuan people can tumble upon or follow. In an additional words, a BN supervision has totally unsuccessful a Labuan people. (DAP Media)
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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