Labuan IBFC contributes more than RM900mil to national coffers

Labuan International Financial Centre

LABUAN: The Labuan International Business and Financial Centre (Labuan IBFC) contributed more than RM900mil to the nation’s fiscal revenue collection for 2021, according to the Labuan Financial Services Authority (Labuan FSA).

Director-general, Nik Mohamed Din Nik Musa said being an international financial centre, Labuan IBFC is becoming one of the key components of Malaysia’s economy in line with the government’s aspiration.