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IDAC set to revolutionise Labuan's economic landscape | Daily Express Malaysia

LABUAN: The Islamic Digital Asset Centre (IDAC) is set to revolutionise Labuan’s digital landscape with a comprehensive ecosystem aimed at promoting economic development across finance and non-finance sectors. ....

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Financial Services Authority: Islamic Digital Asset Centre to revolutionise Labuan's economic landscape

LABUAN, Nov 4 The Islamic Digital Asset Centre (Idac) is set to revolutionise Labuan’s digital landscape with a comprehensive ecosystem aimed at promoting economic. ....

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Labuan IBFC's 5-year strategic roadmap charts continued growth | Daily Express Online

The Labuan International Business and Financial Centre’s (Labuan IBFC) five-year Strategic Roadmap 2022-2026 charts the continued growth and building on the position of strength of Labuan IBFC.
Labuan Financial Services Authority (Labuan FSA) Director-General Nik Mohamed Din Nik Musa said the roadmap articulates the priorities and new initiatives to be pursued over the short and medium term with the objectives to create greater business sustainability and efficiency with defined niches, to achieve higher market relevancy and inclusiveness, and synergy between Labuan IBFC and the Federal Territory of Labuan.
“The approach is two-pronged to reach the international market virtually as well as physically face-to-face ....

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Labuan International Business and Financial Centre not spared | Daily Express Online

Labuan International Business and Financial Centre (Labuan IBFC) is not spared from the economic debilitating impact.
Labuan Financial Services Authority (Labuan FSA) Director-General Nik Mohamed Din Nik Musa said while Labuan IBFC contributed more than 60 per cent to Labuan’s gross domestic product (GDP) in 2021, there is concern about the closure of companies and licensed entities due to the adverse impact of movement restrictions that began in March 2020.
“Understandably, they had to shut down due to internal restructuring and also the tax policy change.
“I’m glad to reiterate that the exclusion of OTEs or Other Trading Entities from the Labuan tax compliance regime has been resolved late last year and now they are taxed under the three per cent tax regime,” he said in his speech on “Evolving and Impacting the Post-Pandemic World: Future Development in Financial Sector” on the second day of the 24th Malays ....

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Labuan FSA signs the corruption-free pledge | Daily Express Online - Sabah's Leading News Portal

The Labuan Financial Services Authority (Labuan FSA) on Tuesday signed the Corruption-Free Pledge (Ikrar Bebas Rasuah - IBR) with the Malaysian Anti-Corruption Commission (MACC), reaffirming its commitment to instilling integrity, transparency and good governance within the organisation ....

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