Wednesday, May 27, 2015

Labuan IBFC Delivers Record Growth and Continues to Play a Key Role in Connecting Asia’s Economies




 



Labuan IBFC Delivers Record Growth and Continues to Play a Key Role in Connecting Asia’s Economies


The Labuan Financial Services Authority (Labuan FSA) on 26 May 2015 announced the release of its Annual Report for 2014. The report covers the Labuan International Business and Financial Centre (Labuan IBFC) industry’s performance for 2014, the financial performance of the Authority and strategies being undertaken to further develop the jurisdiction.

Highlights of the Annual Report for 2014 include the following:
  • 12.3% growth in new Labuan companies registration, with 70% of the companies originating from Asia
  • 70% increase in the number of Labuan oil trading companies participating in the Global Incentives for Trading (GIFT) programme
  • an almost 40% increase in the number of Labuan foundations, with 73% of the total 130 Labuan foundations originating from Asia.
The Labuan FSA Annual Report for 2014 and the accompanying press release can be viewed in full here.

Labuan IBFC Inc Sdn Bhd

Kuala Lumpur Head Office
Suite 3A-2
Level 2, Block 3A
Plaza Sentral
Jalan Stesen Sentral, KL Sentral
50470 Kuala Lumpur
Tel:    (+6) 03 - 2773 8977
Fax:   (+6) 03 - 2780 2077

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