Labuan IBFC continues strong performance

LABUAN International Business and Financial Centre (IBFC) continues to build its resilience to record strong performance for two consecutive decades. Director-general of Labuan Financial Services Authority, Datuk Azizan Abdul Rahman, said the IBFC has managed to attract 8,004 companies from more than 80 countries. It has registered a strong asset value of US$33.9 billion (RM103 billion) in its banking system as at end-December 2010. “Additionally, the gross premium written for the insurance business surpassed US$1.. Read More

Nomura Raises Presence With Labuan Office

Japan’s Nomura, a global investment bank, has set up a branch in Labuan, seeking to boost its presence in Malaysia and the region. The offshore branch, Nomura’s first in Asia, opened today and enables it to market risk-management solutions to Malaysian corporates, government-linked entities, banks and insurers, said Samir Bhandari, head of macro sales for Asia ex-Japan in the fixed income division. He said Nomura aims to become one of the world’s leading.. Read More