KUALA LUMPUR, April 18 (Bernama) — The Labuan International Business and Financial Centre (Labuan IBFC) Market Report 2022 was unveiled at Sasana Kijang, Bank Negara on 14 April 2023. The report provides an in-depth analysis of key business sectors for the year under review and highlights key business trends in the international business and financial centre.
We are pleased to note a significant increase in the incorporation of Labuan companies, with a 17% y-o-y increase to 532 from 455 previously. This double-digit growth in the jurisdiction’s standard barometer for business activity signifies market recovery for Labuan IBFC as a whole.