February 2020

INSIGHT

PLUS

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

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

FEATURED

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...


HIGHLIGHTS

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.


CEO'S MESSAGE

As I write this note, most, if not all of us have only one thing on our mind. The safety and health of our loved ones, ourselves and the community we live in. I would like to take a moment to send our thoughts and best wishes to you our “Labuan global family”, as collectively we rekindle the spirit of collaboration and empathy to overcome these challenging times.

In the meantime, am pleased to say business is as usual at Labuan IBFC Inc and any disruption if at all, will be minimal as alternative work arrangements are in place. Of course, as a market development unit, travel restrictions have had a profound impact on how we access and develop markets, but we also recognise challenges are opportunities!

Am pleased to announce the impending launch of our joint white paper with Singapore Management University entitled “Philanthropic Structuring: The Asian Context Paving the Way to Strategised, Sustainable and Impactful Giving”. It has been a joy working with Professor Tang Hang Wu and team on this paper, which aims to develop structured giving in Asia, facilitating financial inclusion and reducing the wealth gap in the region.

So please watch this space! In the meantime, to all our friends, near and far, please stay safe!


Farah Jaafar-Crossby
Chief Executive Officer, Labuan IBFC Inc


EVENTS

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


READING LIST

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.​



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.​

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Stay ahead of the game
Access a wealth of information from Labuan IBFC from reports on forward-thinking research to insightful articles.
Get in touch
Interested to setup your business in Labuan? Speak to our dedicated advisors to find out more.
Stay ahead of the game
Access a wealth of information from Labuan IBFC from reports on forward-thinking research to insightful articles.
Get in touch
Interested to setup your business in Labuan? Speak to our dedicated advisors to find out more.
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