• Continued growth across the board in 2018, entrenching Labuan IBFC’s role as Asia’s preferred midshore business and financial centre.
    Continued growth across the board in 2018, entrenching Labuan IBFC’s role as Asia’s preferred midshore business and financial centre.
    • 12.5% growth in company incorporation
    • 11.5% growth in trust and corporate service providers
    • 19.1% growth in insurance premiums; 64.7% of which was foreign business
    Find out more in Labuan IBFC’s inaugural market report.
Latest HighlightS
Labuan International Finance Lecture Series 2019 :
18 October 2019
Labuan International Finance Lecture Series 2019 : "Labuan IBFC : Reinforcing The China Connection"
Malaysia’s potential as the fintech hub for the ASEAN region
01 October 2019
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.
NOTIFICATION: Business Restriction on Labuan Licensed Entities
19 September 2019
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.
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