Tag: Updates

Cybercrime is one of the fastest evolving risks for businesses, with a report from Cybersecurity Ventures predicting that by 2019 ransomware alone will breach a businesses’ cyber security every 14 seconds. The 2017 Crime Report by Cybersecurity Ventures also identified the “cybercrime epidemic” as the greatest threat to every company in the world, suggesting it…

See More

Kuala Lumpur, 13 February 2018 – Leading global trade publication, Captive Review has recently named Farah Jaafar-Crossby, CEO of Labuan IBFC Inc as one of the eight professionals to look out for in the global captive insurance industry. She is the only individual from Asia named in the list and is the first person from…

See More

The Labuan Development Blueprint 2030 launched by the Prime Minister of Malaysia, Datuk Seri Najib Tun Razak recently, will create the pathway to the growth and development of the Federal Territory Labuan. The Blueprint includes the roll out of more than 20 key projects over the next decade or so, aimed at boosting Labuan’s economic…

See More

Labuan, 18 January 2018 : Labuan Development Blueprint 2030 is the latest development plan prepared by Labuan Corporation (LC) to guide the growth of Labuan according to its function as provided in Labuan Corporation Act 2001 (Act 609). The blueprint helps LC to carry out its functions as local government and local planning authority. It…

See More

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…

See More

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…

See More

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…

See More

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…

See More

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.…

See More

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…

See More