Finance

Labuan, a rising star as a destination for international financial services in the Asia Pacific Region, appears to be in a strong position to benefit from a sweeping wave of financial services liberalization measures recently announced by the Prime Minister’s Office of the Malaysian government. The scenic tropical island, located off the coast of the state of Sabah on the island of Borneo, has long been home to a growing number of corporate holding companies, fund & asset managers, captive insurance organizations and Islamic financial institutions.