December 2018
Direct from Asia Pacific's Leading Midshore Business and Financial Centre.

Whether it is on demand chartering or actually purchasing a plane, private aviation has become increasingly popular with wealthy individuals. Luxury sector customers want the certainty that they can travel on their own terms and in style. The advent of the on-demand era has also contributed, with technology now enabling customers to tailor how, when and where they take to the skies.

As we look forward to embracing 2019, it’s time to celebrate our achievements and reflect on the learnings from the challenges in 2018. It’s been a milestone year for the jurisdiction on many fronts, including the first change to its fiscal regime since its inception in 1990!

These changes are aimed at ensuring Labuan IBFC stands out as the “go to” jurisdiction for Asian businesses and investments, be it from a conventional, Islamic or fintech perspective.

Having shared the mid-year brief in July, it is only fitting that we conclude with highlights from the 2nd half of 2018 here. These highlights are really a reflection of the progress Labuan IBFC has achieved, made possible with your continued support. So please accept our heartfelt thanks and appreciation.

Our hope is that you end the year in the company of those nearest and dearest to you, enjoying good health, while looking forward to the opportunities 2019 will bring. 

From the team and I, here’s wishing you a Merry Christmas and a very Happy New Year!  

Farah Jaafar-Crossby
Chief Executive Officer, Labuan IBFC Inc

The midshore jurisdiction’s readily available structures and solutions as well as unique Regulatory stance makes it an Asian domicile of choice for Fintech businesses.

In an interview with Asia Insurance Review, Labuan IBFC Inc CEO, Farah Jaafar-Crossby talks about her vision of Labuan IBFC in the next five years.

Tricor Group, Asia’s leading provider of integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, has acquired CP Trust Co Ltd, a leading provider of trust company services in the Labuan International Business and Financial Centre.

This presentation by Carolyn Oh from Carolyn Oh and Co, intends to foray into other available planning structures, in particular the civil law creature known as “foundations”, and how it can be a better alternative even for those entrenched in common law persuasions.

ASEAN insurance regulators will continue to work closely together to achieve a consistent approach in the development of a holistic insurance ecosystem in Southeast Asia - made more urgent given the demands of digitalisation and changing consumer expectations.

Malaysia has emerged as the world’s top hub for Islamic fintech startups, with 18 companies operating in the sector, according to new findings from the Dubai Chamber of Commerce and Industry, which based its analysis on recent data from IFN Fintech.

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