Labuan IBFC welcomes feasibility study on connecting bridge

  • Business Premium
  • Friday, 27 Oct 2017

- Filepic

LABUAN: Labuan IBFC Inc Sdn Bhd, the marketing and promotional arm of the Labuan International Business and Financial Centre, has welcomed the announcement of the feasibility study to be conducted towards the development of a bridge linking Labuan Island to the Sabah mainland.

"Without a doubt the development of this bridge, will not only spur the socioeconomic development of Labuan, it will further develop Labuan International Business and Financial Centre, by creating better connectivity with the greater Asian region," it said in a press statement.
"As a midshore domicile, it is imperative that Labuan IBFC remains accessible to both its users and the industry that serves it. We expect that once completed this bridge will facilitate the further development of the jurisdiction, by enhancing both its physical and digital connectivity, as well as expanding the talent pool available for its further growth."

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Business News

China's central bank renminbi liquidity arrangement includes Malaysia Premium
Global M&A braces for dry spell as boardrooms put expansion on hold Premium
CPO futures market to see technical correction next week Premium
Fed policymakers embrace more rate hikes, markets a little less Premium
Tokyo Gas begins synthetic methane trial using green hydrogen Premium
Bruised US stock investors brace for more pain in second half of 2022 Premium
An ‘AAA’ move? Premium
A ‘Volcker recession’ in the making Premium
Real stress hurts bank buybacks Premium
Masayoshi Son’s eternal optimism Premium

Others Also Read