| 3.19 The Foreign Worker Levy was reduced in 1999
to help tide companies over the 1998 economic downturn
sparked off by the Asian Financial Crisis. This concession
was extended in 2001 to July this year because of the
current economic recession. Given the uncertainty over
economic recovery, the Government has decided to extend
the concession for a further six months until December
2002. We will review the matter again towards the end
of the year.
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