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Landmark Attractions In Labuan Island

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Labuan , officially the Federal Territory of Labuan , is a federal territory of Malaysia. It is made up of the eponymous Labuan Island and six smaller islands, and is located off the coast of the state of Sabah in East Malaysia. Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region. It is also a tourist destination for people travelling through Sabah, nearby Bruneians and scuba divers. The name Labuan derives from the Malay word labuhan which means harbour....
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Landmark Attractions In Labuan Island

  • 1. Financial Park Labuan Island
    An Offshore Financial Centre or OFC is defined as a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy. Offshore does not refer to the location of the OFC , but to the fact that the largest users of the OFC are nonresident . The IMF lists OFCs as a third class of financial centre, with International Financial Centres , and Regional Financial Centres ; there is overlap . During April-June 2000, the FSF-IMF produced the first list of 42-46 OFCs using a qualitative approach. In April 2007, the IMF produced a revised quantitative-based list of 22 OFCs, and in June 2018, another revised quantitative-based list of 8 major OFCs, who are responsible for 85% of OFC financial flows . The r...
    From Wikipedia, the free encyclopedia.

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