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April 2021

CEO'S MESSAGE
Dear Friends of Labuan,

I trust this note finds you well, even with the resurgence in COVID cases domestically and globally. It has been a hectic time and we would like to take this opportunity to thank everyone for their continued support and trust in the jurisdiction. Rest assured notwithstanding changes in personnel, business operations and policy at Labuan FSA, remain unchanged.

The recent news of Genting Malaysia Bhd’s debt listing of its direct wholly-owned subsidiary, GENM Capital Labuan Ltd, on the Singapore Exchange is a classic example of Labuan IBFC’s role in intermediating wholesale financial services in Asia. Arranged by banks across the region and Labuan, proceeds will assist in the company in debt refinancing and meeting its working capital needs.

Further afield, our recent MOU with Qatar Financial Centre is indeed exciting as it paves the way for our intermediaries to begin charting their footprints in MENA, leveraging off the “bridge” this MOU has created. I have always believed partnerships to be the fulcrums of growth, and even more so during the current challenging times.

We would also like to highlight our partnership with Willis Towers Watson’s China Captive Insurance Practice, via our upcoming webinar on protected cell companies, and its benefits to the China and Asian markets. Click here to join us.

Until our next edition, the team and I look forward to seeing you at one of our webinars, and as usual I am contactable at ceo@libfc.com.

Stay safe everyone!

Warmest Regards,
Farah
Chief Executive Officer, Labuan IBFC Inc.

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