KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) is banking on its Islamic digital asset ecosystem, captive insurance market and a planned climate credit exchange to carve out a “niche” and remain globally competitive, even as it braces for slower leasing and trading activities in 2025 due to global uncertainties.
The special economic zone, which operates under the purview of the Labuan Financial Services Authority (Labuan FSA), added 168 new companies in the first quarter of this year – representing 25.7% of its full-year target of 653 to 654 entities.
