Labuan IBFC Optimistic for OBOR Initiative

October 23, 2017 | By | Reply More

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Labuan International Business and Financial Centre Malaysia (Labuan IBFC) stands by to assist Chinese businesses looking to internationalise with the aim of benefitting from the ‘One Belt, One Road’ (OBOR) initiative.

According to Farah Jaafar-Crossby, Director, Marketing Intelligence and Strategic Communications of Labuan IBFC Inc: “The OBOR initiative creates great opportunities for Labuan IBFC to mediate regional investment and fund flows, providing the promise of growth to Greater Asia while realising Labuan IBFC’s and Malaysia’s gull potential as a regional hub.”

Currently, Labuan IBFC is globally well-regarded as a special business financial zone in Malaysia, and for many Chinese enterprises, it is a hub for their international business dealings. “Labuan IBFC is no stranger to Chinese companies as it is home to more than 300 companies directly originating from China and the number of Chinese related entities is even higher,” Farah adds.

Additionally, Labuan IBFC Inc, the marketing and promotional arm of the midshore centre will be on a Labuan OBFC-China OBOR roadshow in Beijing, Shanghai and Tianjin from 20 October to 5 November 2017.

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