Labuan IBFC has made changes to ensure an uninterrupted history of compliance, commitment to international standards key to the jurisdiction’s and to Malaysia’s reputation.
The asset leasing industry is expected to have a bright prospect in Asia, with a projected annualised volume growth of 10-18 per cent, said Labuan International Business and Financial Centre (Labuan IBFC) Chief Executive Officer Farah Jaafar-Crossby.
Marko Milek, Head of State Street Global Exchange, APAC, in Hong Kong talks about the importance of data and how to convert the data into insights which is especially useful in the wealth management space.
According to Christian Mumenthaler, CEO of Swiss Re, technology is expected to fundamentally change the insurance value chain in the coming years.
Beijing’s long-term objective of making the Chinese yuan or renminbi (RMB) an international currency ran into headwinds when the currency depreciated against the US dollar between 2014 and 2016, undermining investor interest in RMB-denominated assets and reserves.
We believe our position as an Asian substance-enabling, cost-effective, midshore intermediation centre is a key to attracting even more Gulf-based businesses and families to Labuan IBFC. Of course, our unquestionable leadership in Islamic Finance is a distinct added advantage!
Finally, thank you for the support shown towards the recently concluded Asset Leasing Symposium 2018. For those unable to attend, the presentation decks are now available here and videos will be uploaded soon. Our article this month focuses on the need for the revision to the Guidelines and recaps the key changes.
Till next month, happy reading.
Farah Jaafar-Crossby
Chief Executive Officer, Labuan IBFC
