KUCHING, Feb 17 (Bernama) — Stakeholders from the Sarawak business community gathered on 15 February 2023 at the masterclass which was co-organised by Labuan International Business and Financial Centre Incorporated Sdn Bhd (Labuan IBFC Inc.) and the Sarawak Business Federation (SBF). The seminar, which was held in Pullman Kuching, showcased speakers which summarised recent developments related to the Labuan jurisdiction and participants comprising investors and players as well as representatives from the private sector and government agencies.
Labuan IBFC Inc. Executive Chairman cum CEO Datuk Iskandar Mohd Nuli delivered the welcoming remarks in which he reiterated that Labuan IBFC is well-positioned to serve as a hub for Sarawak businesses. He further commented, “Labuan IBFC has available business structures that will allow Sarawak businesses and the state government to manage their affairs in the most tax-efficient manner in a low-risk operating environment. Most importantly, establishing a base in Labuan IBFC will ensure all entities a proper and meaningful opportunity to manage their funds independently and legally.”