COMB JKH*2
belive not me
refer
*1 (phrase 264)Honourable Speaker, I wish to lay emphasis on the fact that apart from 2 banks, no other
local bank has expanded their operations internationally. But the opportunities are
numerous. I am also confident that our local banks have the capacity to tap such
opportunities. As such, I propose to encourage the banks to expand their operations
overseas, by making use of the existing tax incentives for such expansions.
*2,1 I propose CSE to play an active role to attract foreign companies to be listed in the
Exchange. Local companies listing in the CSE will receive tax concessions for 2 years while
the concessions will be extended to 3 years if listed in a foreign stock exchange such as,
London, Singapore, Hong Kong, Mumbai. At the same time I encourage foreign companies
to list in the CSE (dollar listing).