Shanghai, July 5 (Bernama) — Labuan IBFC Inc. Sdn Bhd (Labuan IBFC Inc.), the official promotional and marketing agency of Labuan International Business and Financial Centre (Labuan IBFC) participated in the Towards the Blue Ocean: Labuan Malaysia Investment Policy and Offshore Financial Business seminar held on 30 June 2023. The Centre was joined by key personnel from leading banks at the seminar which was organised by China Construction Bank (CCB) Shanghai and CCB Labuan. The seminar focused on the Labuan jurisdiction and other developments relating to banking services and solutions.
Labuan IBFC Inc. Executive Chairman cum CEO Datuk Iskandar Mohd Nuli delivered the opening speech in which he reiterated that the Labuan International Business and Financial Centre (Labuan IBFC) is well-positioned to serve as a hub for Chinese businesses especially for expansion into Southeast Asia. He further commented, “Labuan IBFC has available business structures that will allow Chinese businesses to manage their affairs in the most cost-efficient manner in a low-risk operating environment.”