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Labuan IBFC is embarking on an aggressive growth strategy to become the premier international business and financial centre in the Asia Pacific region. Labuan's business focus is on five core areas: offshore holding companies, captive insurance, Shariah-compliant Islamic Finance structures, public and private funds, and wealth management.
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 ...
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.
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 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.
The Straits Settlements (Malay: Negeri-Negeri Selat) were a group of British territories located in Southeast Asia.Originally established in 1826 as part of the territories controlled by the British East India Company, the Straits Settlements came under control of the British Raj in 1858 and then under direct British control as a Crown colony in 1867.
India is a federal constitutional republic governed under a parliamentary system consisting of 28 states and 8 union territories. [1] All states, as well as the union territories of Jammu and Kashmir, Puducherry and the National Capital Territory of Delhi, have elected legislatures and governments, both patterned on the Westminster model.
The hoisting of British flag for the first time on Labuan on 24 December 1846 following its foundation as a Crown colony. Since 1841, when James Brooke had successfully established a solid presence in northwestern Borneo with the establishment of the Raj of Sarawak and began to assist in the suppression of piracy along the island coast, he had persistently promoted the island of Labuan to the ...