LABUAN, March 29 (Bernama) — Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official marketing agency for the Labuan International Business and Financial Centre (Labuan IBFC) has signed a Memorandum of Understanding (MoU) with Council of Rector of Indonesia State University (CRISU) which is responsible for providing and facilitating internship programmes for students from Indonesian universities. The non-binding MoU is to be valid for a period of one year.
The MoU, which was signed by Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc., and Prof. Ganefri Ph.D., Chair of CRISU – Indonesia signifies a commitment towards enhancing bilateral ties with a shared aim of contributing towards expanding the talent pool and bringing new perspectives, innovative ideas and research experiences into the Labuan industry. This initiative will lead to the upscaling of Labuan IBFC’s ecosystem, under the key thrust of promoting market facilitation and visibility as outlined in the Labuan IBFC 2022-2026 Strategic Roadmap. This is also in line with the Ekonomi Madani framework which highlights an innovative ecosystem as a key factor in enhancing the competitiveness of Malaysian companies.