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February 2020
Direct from Asia Pacific's Leading Midshore Business and Financial Centre.

by Farah Jaafar-Crossby

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. Some have even opined that Admiral Cheng Ho, the early Chinese mariner, explorer and diplomat, would have had...

The centre has a ready-made “toolbox” of solutions to meet industry needs​

Munich Re Syndicate Labuan Ltd (MRS Labuan) sees 2020 to be an exciting year, with its top line poised to grow 35 per cent for the financial year ending Dec 31, 2020.

The online system via an application or card system namely ‘LabuanPay’ will be fully enforced for the five ferryboats currently on fixed schedule of two to four trips daily.​

2020 is looking set to be a challenging year. My heart and thoughts go out to our numerous friends in China, hoping they stay safe and continue to “Jia You!” Stay strong! My dearest wish is for the general situation to settle and for things to get better.

One of the highlights of 2020 is Labuan IBFC’s 30th anniversary! It may be too early to start reminiscing but the last 30 years has been quite a journey –with the unprecedented growth in Asia accelerating this trajectory. While fundamental changes in the industry has been challenging, Labuan IBFC has hit the ground running facilitating economic substance. I have been informed employment in the sector alone has grown by 1200 as at end 2019.

As part of our 30th anniversary celebrations, you can expect a line-up of activities, including a national as well as regional roadshows, thought leadership papers on philanthropy and financial inclusion, etc. We will also be hosting the Asian Captive Conference 2020 in August, so please get in touch if you would like to be part of this exciting event!

We look forward to meeting you in the coming months. In the meantime, please stay safe.

Farah Jaafar-Crossby
Chief Executive Officer, Labuan IBFC Inc

9:00AM - 5:00PM
Dubai, United Arab Emirates​

More ASEAN countries are moving towards digital banks following moves by regulators in other Asian markets to issue digital banking licences.​

P2P crowdfunding and challenger banking are the top expected growth sectors for Islamic fintech in 2020, and Southeast Asia is the region to watch, said a new study.​

Stakeholders turn to videotelephony applications to conduct their meetings and carry on with their business activities

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