Wealth management, leasing, captive insurance, commodity trading among targeted niche areas
LIDIANA ROSLI KUALA LUMPUR email@example.com
THE Labuan International Business and Financial Centre (Labuan IBFC) is in the midst of its next evolution since its formation in 1990. Labuan IBFC Inc Sdn Bhd chief executive officer Danial Mah Abdullah said this was not unique to Labuan IFC alone as other financial centres, such as the Cayman Islands and Mauritius, were also looking for a niche to develop.
“We have always said Labuan is not a tax haven, although we do have those who use us for tax purposes. We have interme-