There are exciting times expected ahead in Labuan. In line with the Chairman of Labuan Financial Services Authority (Labuan FSA) Tan Sri Muhammad bin Ibrahim’s speech at the Labuan Industry Annual Dinner 2017, various initiatives are underway towards building a more inclusive, diversified and sustainable Labuan economy. 

 

Towards this the local business community have been encouraged to enhance their level of corporate social responsibility especially in nurturing Labuan’s talent pool. 

 

Activities such as the setting-up of a scholarship fund as well as the sponsoring of construction and upkeep of the island’s public amenities, have also been identified as key initiatives. 

 

In addition, a tax review is expected soon, ensuring that Labuan IBFC remains relevant and aligned with global regulatory standards such as the Base Erosion Profit Shifting initiative.  

 

The possibility of a bridge connecting Labuan and Sabah mainland, is also very much anticipated. The enhanced level of connectivity with the greater Asian region via this bridge, will certainly benefit Labuan.  

 

Indeed, we strive to continuously be agile and to embrace the change with an open mind.  

 

Together with your support, we look forward to building a stronger Labuan.