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 Web:   www.labuanibfc.com LabuanIBFC