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Victoria, Labuan features a tropical rainforest climate (Af), which is true for virtually all of Malaysia due to its close proximity to the equator, with constantly high temperatures and abundant rainfall over the course of the year. Like all cities and town with this climate, there is no dry season and the temperature in the city averages 27.8 ...
Labuan's capital is Victoria, which is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990, as well as being an offshore support hub for deepwater oil and gas activities in the region.
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 Federal Territories (FT), (Malay: Wilayah Persekutuan) in Malaysia comprise three territories—Kuala Lumpur, Labuan, and Putrajaya—governed directly by the Federal Government of Malaysia. Kuala Lumpur is the national capital of Malaysia, Putrajaya is the administrative capital, and Labuan is an offshore international financial centre.
The 3 federal territories were formed for different purposes: Kuala Lumpur is the national capital, Putrajaya is the administrative centre of the federal government, and Labuan serves as an offshore financial centre. Kuala Lumpur and Putrajaya were carved out of Selangor, while Labuan was ceded by Sabah.
East Malaysia comprises the states of Sabah and Sarawak, as well as the federal territory of Labuan. Political map of the island of Borneo, with East Malaysia shown in orange East Malaysia ( Malay : Malaysia Timur ), or the Borneo States , [ 1 ] also known as Malaysian Borneo , is the part of Malaysia on and near the island of Borneo , the ...
The Labuan Corporation, or Perbadanan Labuan (PL), is a local authority that administers the Federal Territory of Labuan, Malaysia.
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])