Latest Breaking News On - 023 prnewswire the labuan international business and financial centre ibfc market report 2022 was unveiled at sasana kijang - Page 1 : comparemela.com
The jurisdiction's key focus areas of Islamic finance, captives and digital financial services record significant achievements KUALA LUMPUR, Malaysia, April 18, 2023 /PRNewswire/ The Labuan International Business and Financial Centre (Labuan IBFC) Market Report 2022 was unveiled at Sasana Kijang, Bank Negara on 14 April 2023. The report provides an in-depth analysis of key business sectors for the year under review and highlights key business trends in the international business and financial centre. Labuan IBFC Market Report 2022 We are pleased to note a significant increase in the incorporation of Labuan companies, with a 17% y-o-y increase to 532 from 455 previously. This double-digit growth in the jurisdiction's standard barometer for business activity signifies market recovery for Labuan IBFC as a whole. The Labuan insurance industry experienced a rally, with underwritten premiums recording a five-year high of USD1.7 billion and underwriting margin rebounding by 19.5%. T