December 2016
Insight
Plus
Direct from Asia Pacific's Leading Midshore Business and Financial Centre.
In the final of a two-part series (October and December), captive insurance stalwart, Callum Beaton talks about the trends of the captive industry and what it entails
Captive insurance is still a forward-looking concept in the region and as Callum Beaton pointed out in the October issue of Insight Plus, Asia is “the big growth area” for captives and it is a matter of “be part of it or miss out”.
At the Manila chapter of Labuan IBFC's ASEAN Roadshow 2016, Dr Veerinderjeet Singh, Founder and Chairman, Taxand Malaysia Sdn Bhd/Executive Chairman, Axcelasia Inc, shared Labuan IBFC's unique position as a midshore jurisdiction and how businesses can leverage on its advantages for business expansion into Asia Pacific.
Millie Chan, Lawyer and Senior Consultant for Asia Pacific Markets at Borden Lardner Gervais, who also sits on our specialist panel shared her study on the subject matter of Trust vs Foundation.
The IFC Economic Report spoke to Labuan IBFC CEO Danial Mah Abdullah and Director of Market Intelligence and Strategic Communications Farah Jaafar-Crossby about the success of Labuan’s financial services sector and its evolution for the past 25 years.
The authors suggest that close examination of the proposed rules of BEPS Project reforms show that the centralisation of tax authority sacrifices compliance efficiency, taxpayer rights and nations’ ability to set the tax policies best suited to their populations.
It’s the last month of the year and November has been eventful.
The marketing team in Labuan IBFC Inc has been making its last push for 2016 across countries.
We have found our collaborative efforts with our strategic partners throughout the year very rewarding. Our experience collaborating with the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, to make more inroads into the Chinese market has been equally great. This joint marketing effort in November with ICBC is a result of an MOU signed with them earlier in the year.
Stay tuned to this space for more updates.
While I hope you enjoy this issue, we are wrapping up the year with a special bumper InsightPlus issue before 2016 draws to a close. So do watch out for it.
Danial Mah Abdullah
CEO, Labuan IBFC
A sharp increase in demand for strategic management of family assets and both philanthropy and succession planning from Asia is an upcoming trend observed by an independent advisory firm based in Hong Kong and London.
Asian aircraft leasing companies are in the midst of an investment spree, snapping up to cater to surging demand for air travel. Behind the growing travel bug is the rise of both the region's middle class and budget carriers in emerging markets.
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