Labuan International Business and 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.^[1]

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.^[2] 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
↑ "About Labuan". Labuan IBFC. 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

Economy of Malaysia

History	1997 Asian financial crisis Tiger Cub Economies

Currency	Central Bank of Malaysia Malaysian ringgit

Banking and Finance	Malaysia Stock Exchange Kuala Lumpur Stock Exchange Islamic Banking Malaysian Electronic Payment System (MEPS) Overnight Policy Rate

Government agencies	Employees Provident Fund Energy Commission of Malaysia Federal Land Development Authority Khazanah Nasional Permodalan Nasional Berhad Malaysian Industrial Development Authority

Corridors and Regions	East Coast Economic Region (ECER) Iskandar Malaysia (IM) Labuan International Business and Financial Centre (Labuan IBFC) Northern Corridor Economic Region (NCER) Malaysia International Islamic Financial Centre (Kuala Lumpur) Port Klang Free Zone (PKFZ) Sabah Development Corridor (SDC) Sarawak Corridor of Renewable Energy (SCORE)

Economic co-operation areas with neighbouring countries	BIMP-EAGA Indonesia–Malaysia–Singapore Growth Triangle Indonesia–Malaysia–Thailand Growth Triangle

Policies and Programs	Malaysian New Economic Policy (NEP) National Development Policy (NDP) New Economic Model (NEM) Government Transformation Programme (GTP) Economic Transformation Programme (ETP)

Agreements	Malaysia–European Union Free Trade Agreement Malaysia–New Zealand Free Trade Agreement Malaysia–United States Free Trade Agreement Trans-Pacific Partnership

Industries	Made in Malaysia Ports Transport Tourism Postal Agriculture

Other topics	List of Malaysia states by GDP Poverty in Malaysia Goods and services tax in Malaysia Bamboo network Subsidy reform in Malaysia

Category

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