The Labuan Financial Services Authority released its Industry Performance for 2017 recently, reporting on Labuan IBFC's overall performance. Hence, we would like to share some key status figures in this month's issue. For more details on the overall performance, please view it here.
We are proud to share the commendable growth of 19.1% in company incorporation in Labuan IBFC and this is truly a milestone for us. This is certainly a strong indication that the midshore jurisdiction remains to be a choice for many businesses, be it regionally or globally.
Our key business areas of banking, insurance and wealth management continued to experience positive growth with more businesses and private clients leveraging on the advantages offered by Labuan IBFC's structures and solutions.
In addition to the encouraging growth, it is also noteworthy that Labuan IBFC was awarded the best Asian Domicile for captives at the inaugural Asia Captive Review Awards recently. Sincerest appreciation goes out to all our stakeholders for your unwavering support and thank you for believing in us.
The team and I would also like to thank everyone who attended The Asian Captive Conference 2018 held recently. Do stay tuned on this space for an overview of the Conference in the next issue.
Until then, have a great month ahead.
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