Labuan International Business and Financial Centre
Nowadays, Labuan International Business and Financial Centre is a topic that has captured the attention of a large number of people around the world. With its relevance in today's society, Labuan International Business and Financial Centre has become a point of interest for those seeking to better understand its impact on everyday life. Whether on a personal, professional, political or cultural level, Labuan International Business and Financial Centre has managed to generate a large number of opinions and debates around its importance. In this article, we will explore the various aspects related to Labuan International Business and Financial Centre, from its origin to its possible consequences in the future. Through a deep and thoughtful analysis, we will try to shed light on this topic that is so complex and relevant today.
Labuan International Business and Financial Centre (IBFC) is a special economic zone of the Malaysian government based on the island of Labuan off the Borneo coast. It was established in 1990 and has been marketed as having a unique position to tap investment opportunities in Asia and beyond.
The Labuan IBFC shares a common time zone with many large Asian cities and its location between China and India as well as its proximity to several other financial centres has been used to promote the Labuan IBFC as a convenient location for business dealings. Labuan has been designated as a financial centre and free trade zone by the Malaysian government.
History
In January 2008, a rebranding and repositioning exercise of the IBFC to reflect the jurisdiction's burgeoning international status was followed by an aggressive marketing exercise. This included the setting up of Labuan IBFC Incorporated Sdn. Bhd. in May of the same year with a mandate by the Malaysian government to market and promote Labuan as the premier International Business and Financial Centre in Asia Pacific.
References
- ^ "Launch of Labuan IBFC by the Governor of Bank Negara Malaysia". Archived from the original on 2011-07-23. Retrieved 2008-11-10.
- ^ "About Labuan". Labuan IBFC. Archived from the original on 2 May 2014. Retrieved 1 September 2014.
External links
- Labuan International Business And Financial Centre
- Labuan Financial Services Authority - Regulatory body for Labuan IBFC
- Bank Negara Malaysia - Central Bank Of Malaysia
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