Labuan IBFC Inc. and KADIN West Java Commence Joint Marketing Activities

This follows the recently signed MoU between both parties

Bandung, Indonesia, 31 October 2022 – Delegates from Labuan International Business and Financial Centre Incorporated Sdn Bhd (Labuan IBFC Inc.), the official marketing agency for the Labuan Business and Financial Centre (Labuan IBFC) visited Bandung, Indonesia to kickstart joint marketing initiatives post the signing of the Memorandum of Understanding (MoU) between Labuan IBFC Inc. and Kamar Dagang dan Industri Indonesia (KADIN) of West Java in Labuan, Malaysia on 16 September 2022.

The visit was meant to highlight and promote the recent MoU signing to members of KADIN West Java as well as the Indonesian media. To recap, the MoU aims to support Labuan IBFC Inc.’s market development activities in Indonesia and to enable the members of KADIN West Java to leverage on Labuan IBFC’s suite of products and services according to their business requirements.
 
The MoU shall be valid for a term of five years. Labuan IBFC Inc.’s initiatives under the MoU include providing access and introduction to any interested parties that are looking to establish a base in Labuan IBFC, furnishing marketing and promotional materials to promote the Labuan financial hub in Indonesia, and others that benefit both parties, or even countries.

Mr. Raditya Indrajaya, Chairman of KADIN West Java opened the ceremony with his welcome remarks. He commented, “It has always been my dream for KADIN to partner with such a prestigious jurisdiction as Labuan IBFC. I had this vision when I first visited the island of Labuan many years ago. We are confident that the MoU will lead to enhanced economic and trade exchanges between both countries.”
 
In response to the welcome, Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc. said, “We are humbled to be partnered with KADIN West Java as we can foresee the significant benefits this collaboration will bring to both countries, taking into account the spillover from the MoU-led initiatives, especially in aiding the growth and expansion of Indonesian SMEs as well as private and government-owned enterprises in the next five years”.

This was followed by a business presentation by Datuk Iskandar Mohd Nuli which outlined Labuan IBFC’s unique propositions and supportive ecosystem for global companies establish their base in the jurisdiction. He also elaborated on Labuan IBFC’s flagship products such as banking, wealth management, captive insurance, Islamic finance and leasing which are available in conventional, Shariah and digital forms. The ceremony adjourned with a networking session between Labuan IBFC Inc. delegates and KADIN West Java members.

As Malaysia’s international business and financial centre, Labuan IBFC currently houses and supports more than 880 licensed institutions and more than 17,000 companies. These include international organisations in banking, leasing, capital markets, insurance, reinsurance, risk management, and wealth management.

Visit www.labuanibfc.com for more information on Asia’s premier international financial hub.
Media Contact

Labuan IBFC

Lalitha Sivanesan
lalitha@libfc.com
+6012-314 1194


ABOUT LABUAN IBFC
ASIA'S PREMIER INTERNATIONAL FINANCIAL HUB

Labuan International Business and Financial Centre (Labuan IBFC), Malaysia, through its internationally recognised yet business-friendly legal framework, is the preferred international business and financial centre in the Asia Pacific region.

It offers global investors and businesses the benefits of being in a well-regulated jurisdiction, while providing for fiscal neutrality and certainty, in addition to being an ideal location for substance creation.

Labuan IBFC boasts a wide range of business structures and investment solutions catered to cross-border transactions and international business dealings. It offers services and solutions in niches such as asset leasing, risk management, commodity trading, wealth management, international business companies and Islamic financial services to global businesses looking at penetrating Asia and Asian entities aiming to go global.

Labuan IBFC operates within clear and comprehensive legal provisions, guidelines and practice notes, enforced by a single regulator, Labuan Financial Services Authority.

To keep up with everything about Labuan IBFC, follow Twitter or Facebook @LabuanIBFC. Alternatively, visit www.labuanibfc.com.

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