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Labuan

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La·bu·an  (l-bn, läb-än)
An island of Malaysia off the northern coast of Borneo. At one time a British crown colony (after 1848), it became part of Malaysia in 1963.

Labuan [ləˈbuːən]
n
(Placename) an island in Malaysia, off the NW coast of Borneo: part of the Straits Settlements until 1946, when transferred to North Borneo. Chief town: Victoria. Area: 98 sq. km (38 sq. miles)


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It is a collaborative effort by Malaysia's financial and market regulators, including Central Bank of Malaysia (Bank Negara Malaysia), Securities Commission Malaysia (SC), Labuan Offshore Financial Services Authority (LOFSA) and Bursa Malaysia (Malaysia stock exchange) - together with industry participation from the banking, takaful (Islamic insurance) and capital market sectors in Malaysia.
The company is a special-purpose vehicle set up as a wholly owned subsidiary of Pengurusan Aset Air Berhad (PAAB), to undertake the financing of the latter's acquisition of water assets and their accompanying liabilities in Malaysia and Labuan.
lu Malaysia, Labuan Danial Mah Abdullah, Director of Regulation, Labuan Offshore Financial Services Authority, Level 17 Main Office Tower, Financial Park Complex Jalan Medeka 87000 Labuan F.
 
 
 
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