Recent News & Publication
Labuan IBFC to Hold Wealth Management Conference in Kuala Lumpur, Singapore and Jakarta
11 June 2015
Kuala Lumpur, 11 June 2015 – Labuan International Business and Financial Centre (Labuan IBFC) - Asia Pacific’s leading midshore business and financial centre - is organising the Wealth Management for Managers Conference across three main ASEAN cities to encourage talent development and facilitate the use of internationally-recognised asset protection structures among Southeast Asia’s wealth management fraternity. “Each part of the wealth management value chain requires specific value-added competency, ranging from the acquisition of assets, advisory and management services to structuring, custodial services and distribution of assets. The ASEAN region, with its growing number of High-Net-Worth Individuals (HNWIs), is demanding greater access to wealth management services. It is for this reason Labuan IBFC, which already offers a range of legal entities for asset protection and legacy planning, is organising this one-day knowledge-sharing session in Kuala Lumpur, Jakarta and Singapore,” said Danial Mah Abdullah, Interim Chief Executive Officer of Labuan IBFC.
Labuan FSA Revises Guidelines on Work Permit Applications in Labuan IBFC for Licensed and Non-licensed Entities
16 March 2015
Labuan Financial Services Authority (Labuan FSA) on 25 February 2015 issued revised guidelines on work permit applications in Labuan International Business and Financial Centre (Labuan IBFC) for licensed and non-licensed entities, which came into effect on 1 March 2015.
The purpose of the revised guidelines is to facilitate the application of work permits for expatriates working for licensed and non-licensed entities in Labuan IBFC by specifying the eligibility criteria and application, operational and compliance requirements. A statutory declaration in relation to a work permit application is also attached in the guidelines’ appendix.
Sovereign Wealth Funds and Shared Prosperity: Should Malaysia Champion It?, Prof Dr Abbas Mirakhor
Labuan IBFC June 2015
Labuan IBFC and BNP Paribas – INCEIF Centre for Islamic Wealth Management (CIWM) once again joined hands to host the second Islamic Wealth Management Symposium at Sasana Kijang, Kuala Lumpur on 28 April 2015.
Aimed at raising awareness of Islamic wealth management in Malaysia, the symposium attracted over 150 key industry figures from the financial services sector, including asset managers, private banks, legal practitioners and waqf institutions.