Latest HighlightS
NOTIFICATION: Business Restriction on Labuan Licensed Entities
20 February 2020
Labuan Financial Services Authority (Labuan FSA) has imposed business restriction on the following Labuan Licensed Entities pursuant to section 193 of the Labuan Financial Services and Securities Act 2010 for non-compliance to minimum capital and/or other regulatory requirements.
30 Years of Intermediating Asia by Farah Jaafar-Crossby
17 February 2020
It is no mere coincidence that Labuan derives its name from the word “labuhan” or a port. Its naturally deep, well-sheltered harbour established Labuan’s early position as a strategic maritime port from the 1800s.
Malaysia’s potential as the fintech hub for the ASEAN region
07 February 2020
The Malaysian Digital Economy Corporation Sdn Bhd (“MDEC”) recently announced that Malaysia has the potential to become a digital hub for ASEAN as Malaysia is in a position to spread the growth of the digital economy throughout the region. Likewise, Ernst & Young’s ASEAN FinTech Census 2018 dubbed Malaysia as an “emerging fintech hub in Asia”. The country’s increasingly digitalised economy, which is tailored to boost start-up presence and draw in investors, together with support from Malaysian government and regulators, will also create a mature fintech ecosystem which will contribute to Malaysia’s potential to be the hub for digital economy of the ASEAN region.
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