Tag: Announcements

LABUAN, Jan 18 (Bernama) – The federal government strives to turn the Labuan International Business and Financial Centre (IBFC) into a business and financial hub that can help trigger more meaningful economic activities on the island, Datuk Seri Najib Tun Razak said. The Prime Minister said it was time for Labuan IBFC to take a…

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LABUAN: The Labuan International Business and Financial Centre’s (Labuan IBFC) Transformational Plan is designed to turn Labuan into a well-integrated regional economic hub to better serve the business, investment and intermediation needs of the region, including East the Malaysian and Asian markets. The Transformational Plan is part of a chapter in the Labuan Development Blueprint…

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Press Releases Labuan, 11 January 2018 – The first engagement session with the industry players of Labuan International Business and Financial Centre (Labuan IBFC) was held yesterday aimed at updating market intermediaries on the strategic direction of the Centre in 2018. Envisioned to position Labuan IBFC in Asia Pacific as a well-regulated transparent, substance enabling…

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The start of a new year is always a good time to reflect on the previous year and assess the opportunities and challenges that might arise in the forthcoming year. Following a year of severe natural disasters and highly publicised cyber breaches, it is understandable that organisations are reviewing their risk financing strategies and in…

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Labuan International Business and Financial Centre Incorporated Sdn Bhd (Labuan IBFC Inc), the official promotion and marketing agency for Labuan International Business and Financial Centre, Malaysia, has appointed Farah Jaafar-Crossby as its new Chief Executive Officer. Farah, who currently heads the Marketing Intelligence and Strategic Communications unit, will assume the role on January 1, 2018.…

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The protected cell company (PCC) was borne as alternative risk management tool in 1997, designed primarily to cater for the needs of self-insuring organisations, especially the captive insurance industry. Apart from the captive insurance industry, PCCs are also now a popular structure in the fund management industry, as part of a larger diverse asset allocation…

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Articulated by the Chairman of Labuan Financial Services Authority (Labuan FSA) Tan Sri Muhammad Ibrahim, during his speech at the Labuan Industry Annual Dinner 2017 recently, when he urged the industry players and regulators to play a more contributing role in the economic development of Labuan island. Although Labuan is a known destination for financial…

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Anthony Egerton, Principal Officer at Huntington Underwriting, said regulators are driving change throughout Asia, with markets taking different approaches. Egerton spoke with A.M. Best TV at the Singapore International Reinsurance Conference. Source: http://www.ambest.com/video/MediaArchive.aspx?lid=5620314796001&vid=5633179196001

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Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim says the time has come for a review of Labuan’s current tax framework. He said the review is not only to ensure alignment with international best practices but also confirm the continued relevance of such incentives in catalysing new growth areas. “Since the creation of offshore…

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The Labuan Financial Services Authority (Labuan FSA) wishes to announce that the Prime Minister and Minister of Finance, YAB Datuk Seri Mohd Najib Tun Abdul Razak, has approved the appointment of Encik Danial Mah bin Abdullah as the new Director-General of Labuan FSA for a three year term, effective from 3 October 2017. Encik Danial…

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