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Labuan FSA Grants the First Digital Bank Approval to China Construction Bank Labuan

Labuan, Monday 26th August 2019 – With the acceleration of digital revolution in banking, and the advent of 5G driving Industry 4.0, behavioural preference is observed to shift towards online and mobile, from payments to consumption, and in business and trade transactions. China Construction Bank Corporation Labuan Branch (“CCBL”) has been approved by the Labuan Financial Services Authority (“Labuan FSA”) to conduct digital banking activities in the Labuan International Business and Financial Centre (“Labuan IBFC”).   A core strategy of the China Construction Bank Corporation (“CCB”) Group is building a digital financial ecosystem with the use of Financial Technology (“FinTech”) to empower customers’ access their...

Understanding of captive insurance grows in Asia; Labuan IBFC retains jurisdictional leadership

Four new captives registered between Jan to June 2019, making the jurisdiction the fastest growing captive domicile in Asia. “Risk management in the form of self-insurance or captives is on the rise, due to it being an overall cost-efficient and customisable risk mitigating tool,” said Danial Mah, Director General, Labuan Financial Services Association (Labuan FSA) at the launch of Labuan International Business and Financial Centre (Labuan IBFC) and Swiss Re Corporate Solutions’s event entitled “Adding Confidence to Captives: Managing Volatility via Self Insurance” today in Kuala Lumpur. Andre Martin, Head of Innovative Risk Solutions APAC, Swiss Re Corporate Solutions added...

Government Tolerance Exhibitionto be held on the sidelines of the World Tolerance Summit in Dubai

Dubai -United Arab Emirates An exhibition titled “Government Tolerance Exhibition” will be held on the sidelines of World Tolerance Summit (WTS) from November 13-14 under the patronage of His Highness Sheikh Mohammed bin Rashid, Vice-President and Prime Minister of the UAE, and Ruler of Dubai. This year’s summitis themed Tolerance in Multiculturalism: Achieving the Social, Economic and Humane Benefits of a Tolerant World. The exhibition is aimed at highlighting initiatives and innovative projects implemented by government agencies in promoting coexistence and respect for diversity and pluralism at workplaces in line with the values of the Founding Father, the Late Sheikh...

Labuan IBFC partners with Tricor Group to Enhance Outreach in China

Labuan IBFC partners with Tricor Group to Enhance Outreach in China  Labuan International Business and Financial CentreInc Sdn Bhd(Labuan IBFC Inc.) and Tricor Group (Tricor) have inked a Memorandum of Understanding (MoU) that will enable both parties to mutually strengthen Labuan IBFC’s marketing outreach and market development initiatives in Greater China. “We are excited to further our cooperation with Tricor to expand Labuan IBFC’s value proposition to the Greater China region. This partnership will further strengthen our market footprint by offering Chinese based entities a viable substance enabling Asian based jurisdiction for all their international business needs,” said Farah Jaafar-Crosby, CEO of Labuan...

5TH ANNUAL ASIA OFFSHORE FORUM

The Asia Offshore Association is pleased to announce the highly anticipated 5th annual forum, to be held in Asia’s leading financial center, Hanoi in Vietnam. Through presentations, workshops, and panel discussions, the topics to be addressed include the most pressing issues in Asia’s offshore Wealth Management, Succession and Residency Planning, Corporate Structuring and more. About the Forum As well as building your brand and business, the benefits of this prestigious event include an unparalleled opportunity to share best practices and learn more about safely and successfully navigating the investment, financial and corporate service industries in Asia, in order to give...

2019 China Offshore Shenzhen Summit Concluded Successfully

Day 3 Today's topic On May 23, 2019, the China Offshore Summit with the theme of "Global Financial Regulation and the Globalization of China's Private and Corporate Wealth" continued in Shenzhen. The day's discussion focused on corporate structuring - the best strategies for international tax planning, structure optimization and global compliance when Chinese companies make overseas investments, list and merge. Background reviews By 2018, Greater China had more than $19 billion of outbound investment and more than 3.48 million millionaires with $1 million in assets. For those engaged in cross-border financial asset investment and offshore asset allocation, the most important...

Labuan IBFC and Swiss Re Corporate Solutions to Enhance Awareness on Captive Insurance in Malaysia and Asia

Labuan IBFC and Swiss Re Corporate Solutions will be jointly hosting the “Adding Confidence to Captives: Managing Volatility via Self Insurance” conference   The Labuan International Business and Financial Centre (Labuan IBFC) and Swiss Re Corporate Solutions have announced that they will be jointly organising a conference titled “Adding Confidence to Captives: Managing Volatility via Self Insurance” on 7 August in Kuala Lumpur. “We are delighted to partner with Swiss Re Corporate Solutions, one of the world’s leading providers of (re)insurance, and look forward to providing insights on risk management via self-insurance, especially captive insurance,” said Farah Jaafar-Crossby, CEO of Labuan...

Over 1,700 projects worth USD 1 trillion fall under China’s ambitious One Belt, One Road Initiative (OBOR)

Annual Investment Meeting 2019 to host AIM-OBOR Forum Dubai, United Arab Emirates, 21 March 2019: With more than 1,700 projects worth USD 1 trillion, China’s ambitious One Belt, One Road Initiative aims to positively impact 4.4 billion people, or 65 percent of the world’s population that equals to about 40 percent of the global gross domestic product (GDP). Spanning across to 70 countries across Asia, Europe, Africa, and Oceania, the One Belt, One Road Initiative has been allocated over $340bn in construction contracts secured by Chinese companies. These statistics were released in conjunction with the upcoming Annual Investment Meeting which will...