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Labuan IBFC, MICCI to hold a half-day masterclass in Kota Kinabalu
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"The Sabah’s capital city will be the next and final leg for the midshore centre to promote its comprehensive business solutions to the Malaysian-based companies"
Kota Kinabalu, 19 November 2016 – Sabah-based businesses could use the unique solutions and services offered by Labuan International Business and Financial Centre (Labuan IBFC) for their regional expansion aims.
 
To encourage these companies, the midshore centre and Malaysian International Chamber of Commerce & Industry’s (MICCI) Sabah branch is co-organising a masterclass at Le Meridien Kota Kinabalu on November, 22.
 
“Labuan IBFC is an ideal conduit point for businesses into ASEAN, and in light of the economic integration through ASEAN Economic Community, it serves as an attractive solution for Malaysian or international business owners planning to internationalise or expand into the region.
 
“We believe that Labuan IBFC stands out as the ideal midshore jurisdiction with our balanced supervisory and regulatory framework,” said Danial Mah Abdullah, CEO of Labuan IBFC Incorporated Sdn Bhd, during the launch of the roadshow in Kuala Lumpur.
 
The Labuan IBFC-MICCI Malaysian Roadshow in Kota Kinabalu will consist of a half-day masterclass with a focus on introducing the midshore centre and its offerings, ending with a panel discussion featuring panellists such as industry experts Datuk Chin Chee Kee, a Member of the Board of Labuan IBFC and Chairman of Association of Labuan Trust Companies; Shanker Iyer, the Founder of Chairman of Iyer Practice; and Christabel Chieng from Crowe Howarth (Labuan) LLP.
 
Iyer will also be sharing his insights on the way businesses can expand in the most cost-effective and lucrative manner via Labuan IBFC. He will also be talking to participants on the intricacies of cross-border corporate structuring and tax planning.
 
The Chairman for the MICCI Sabah branch, Datuk Tan Cheng Kiat, will also be expected to give his welcome speech during the event.
 
The Labuan IBFC-MICCI Malaysian Roadshow kick-started in Kuala Lumpur and has since visited Penang and Johor Bahru. The masterclass in Kota Kinabalu will be the final leg of the 2016 roadshow.
 
For more information and to join the masterclass, please contact +6088 248 332 or visit www.labuanibfc.com.
MEDIA CONTACTS:
LABUAN IBFC
Farah Jaafar Crossby
pressteam@libfc.com
Tel: +603 2773 8977 
Mobile: +6012-326 1216
Audrey Liew
audrey@libfc.com
Tel: +603 2773 8975 
Mobile: +6012-913 8979
Geraldine Lim
geraldine@libfc.com
Tel: +603 2773 8991 
Mobile: +6012-253 8666
MALAYSIAN INTERNATIONAL CHAMBER OF COMMERCE & INDUSTRY (MICCI)  SABAH BRANCH
Stella Liew
sabah@micci.com
Tel: +6088 248 332 
Mobile: +6013 8633 622

ABOUT LABUAN IBFC
 
ASIA PACIFIC’S MIDSHORE INTERNATIONAL BUSINESS AND FINANCIAL CENTRE
 
Labuan International Business and Financial Centre (Labuan IBFC) offers global investors and businesses the benefits of being in a well-regulated midshore international business and financial centre, which provides fiscal neutrality and certainty, in addition to being an ideal location for substance creation.
 
Located off the North West Coast of Borneo, Labuan IBFC provides access to Malaysia’s network or more than 80 double taxation agreements and boasts Asia’s widest range of business and investment structures for cross-border transactions, international business dealings and wealth management needs.
 
Well-supported by a robust, internationally recognise yet business-friendly legal framework, Labuan IBFC operates within clear and comprehensive legal provisions and industry guidelines, enforced by its single regulator, Labuan Financial Services Authority.
 
With a focus on enabling cross-border transactions, providing risk management structures, Islamic financial services, commodities trading incentives and wealth management vehicles, we offer solutions to regional businesses going global or global businesses looking at penetrating Asia’s burgeoning markets.
 

ABOUT MICCI – Malaysian International Chamber of Commerce & Industry
 
Founded in 1837, the Malaysian International Chamber of Commerce and Industry (MICCI) is Malaysia’s longest established trade association.
 
With close to 1,000 corporate members representing over 30 countries including Malaysia, MICCI is recognised as one of the most active advocates for the business community.
 
MICCI’s mission is to facilitate and support Members in their goal to successfully develop their business in Malaysia through its engagement with both Federal and State governments.
 
Website: www.micci.com
 
President: YBhg Datuk Wira Jalilah Baba
 
MICCI Sabah Branch Chairman: Datuk Tan Cheng Kiat
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