A post office was operating in Labuan by 1864, and used a circular date stamp as postmark. Labuan was declared as an International Offshore Financial Centre (IOFC) in October 1990 to complement the activities of the domestic financial market in Kuala Lumpur, strengthen the contribution of financial services to Gross National Products of Malaysia as well as develop the island and areas within its vicinity. Labuan's own institution of higher education is Universiti Malaysia Sabah Labuan International Campus,[48] a branch of Universiti Malaysia Sabah in Sepanggar Bay, Kota Kinabalu. It is off the northeastern part of the island of Borneo facing the South China Sea. Meanwhile, the relative humidity for Labuan typically ranges from 63% (mildly humid) to 96% (very humid) over the course of the year, rarely dropping below 53% and reaching as high as 100% (extremely humid).[35]. Five private jetties are installed: the Shell Jetty that specialises in petroleum; the Iron Ore Jetty; the Methanol Jetty; and two offshore wheat and maize jetties called the Asian Supply Base Jetty and the Sabah Flour Mill Jetty.[15]. Unit Level 14(B) 14(C), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000 Federal Territory of Labuan, Malaysia. Perbadanan Labuan. ... Financial Park Complex. Newly proposed is the Marina Centre and Labuan Square project which were completed in 2010. BHD. 87000 Labuan, Malaysia. Comply with the statutory requirements under the Labuan Financial Services and Securities Act 2010. However, it has only one international school, Labuan International School. The island is represented in the lower house of parliament by MP Roszman Datuk Haji Isli and in the upper house by Senator Yunus Kurus. Log In. Pages in category "Labuan" This category contains only the following page. Government Organization. Over the course of a year, the temperature typically varies from 25 to 32 °C (77 to 90 °F) and is rarely below 24 °C (75 °F) or above 33 °C (91 °F). British North Borneo Crown 1946–1963[13], For three centuries from the 15th century, the north and west coast of Borneo including the island of Labuan was part of the Sultanate of Brunei. Tel : +60 87599358 Fax : +60 87599201 Labuan has many schools. Government Organization. [11][12], The signing of the Treaty of Labuan between the Brunei sultanate and the British delegation on 18 December 1846 at the Brunei palace[8][6], British flag hoisted for the first time on the island on 24 December 1846[6], In World War II, Labuan was occupied by Japan from 3 January 1942 until June 1945 and garrisoned by units of the Japanese 37th Army, which controlled Northern Borneo. [30] Soon, the 9th Division of the Australian Army launched the attack with support from airstrikes and sea bombardments until the capture of the Labuan airstrip. Among its major trade partners are India, Peninsular Malaysia, Sarawak, and South Korea. Parkson Financial Park Labuan Complex is a Supermarket based in Labuan, Sabah. The economy of Labuan thrives on its vast oil and gas resources and international investment and banking services. A memorial service is held on Remembrance Day once every 4-year. Labuan Crown 1848–1941[6][9][10]  • British North Borneo 1890–1904 In 2012, Victoria had a population of over 85,000 with nearly half of those coming from elsewhere in Malaysia and from Brunei Darussalam. Financial Park Complex was established to facilitate the development of Federal Territory of Labuan as an International Offshore Financial Centre. [6][9][10][21] In 1849, the Eastern Archipelago Company became the first of several British companies to try to exploit Labuan coal deposits. The main economic sectors in Labuan is service and manufacturing which contributed 94.6 percent to the island GDP. Labuan has one representative in each of the Lower and Upper Houses of Parliament. Labuan then on 15 July 1946 joined the North Borneo Crown Colony, which in turn became a part of the state of Sabah and Malaysia in 1963. Grand Dorsett Labuan Hotel is the only 5 star hotel in Labuan. [1][6][7] Its history dates back to the time when the island was ceded by Sultan Omar Ali Saifuddin II to the British. Financial Park (Labuan) Sdn Bhd, the company managing the complex, said in a statement that the closure also involved all the commercial banks located on the ground floor. If you want to experience more of the culture Victoria has to offer, head to Financial Park, Labuan International Sea Sport Complex, and Labuan Golf Club. Labuan Corporation is the municipal government for the island and is headed by a chairman who is responsible for development and administration of the island. There are several attractions and places of interest on Labuan. Tel. [8][16][17], The main reason why the British acquired the island was to establish a naval station to protect their commercial interest in the region and to suppress piracy in the South China Sea. The name Labuan derives from the Malay word labuhan which means harbour. In 2004, the total value of Labuan's … Malaysia info.malaysia@awac.com +603 2710 0940 Media/News Company. The jurisdiction, supervised by the Labuan Offshore Financial Services Authority or LOFSA, offers benefits such as 3% tax on net audited results or a flat rate of Malaysian Ringgit (MYR) 20,000 to trading companies; low operational costs; liberal exchange controls; and a host of other advantages including readily available, experienced and professional service providers. From Simple English Wikipedia, the free encyclopedia The Labuan Financial Park. Virtually all of its commodities including crude oil, methanol, HBI, gas, flour, animal feed, sea products, and ceramic tiles are exported either to Peninsular Malaysia or overseas. [6][18][19] The British also believed the island could be the next Singapore. The service sector consisted mainly of Finance and Insurance and Real Estate and Business Services. [42], The Gross Domestic Product (GDP) of Labuan is estimated at MYR3.63 billion in 2012 with a growth rate of 5.8 percent. The cold season lasts from 7 January to 17 February with an average daily high temperature below 30 °C (86 °F). Labuan (/ləˈbuːən/; Jawi: لابوان‎), officially the Federal Territory of Labuan (Malay: Wilayah Persekutuan Labuan, Jawi: ولايه ڤرسكوتوان لابوان‎), is a Federal Territory of Malaysia. Jabatan Kesihatan Wilayah Persekutuan Labuan. Not Now. Comply with the prudential and reporting requirements issued by Labuan … As of 2010[update] Census the population of Labuan is 76.0% Muslim, 12.4% Christian, 9.0% Buddhist, 0.4% Hindu, 2.1% follower of other religions, and 0.1% non-religious. There is also a memorial celebrating the surrender of the Japanese to the Australian Forces in 1945. [30] On 9 September 1945, the Japanese Lieutenant General Masao Baba officially surrendered at a place now known as Surrender Point near the Layang-layang beach which he had been brought to the 9th Division headquarters on the island to sign the surrender document in front of the Australian 9th Division Army Commander George Wootten. Labuan IBFC's position is further enhanced by the launch of the Malaysian International Islamic Finance Centre initiative in August 2006. Labuan is a very much an import-export oriented economy. The major products produced on Labuan and exported through Labuan Port include copra, rubber and sago. According to Malaysia's Department of Statistics, Labuan population for 2010 was at 86,908 and it is projected to be at 91,300 for 2013. Many of the remainder were cancelled-to-order for sale to collectors and are now worth only pennies; genuine franked/post used stamps are worth much more. There were also extensive amendments to the Labuan Financial Services Authority Act 1996, Labuan Companies Act 1990 (LCA 1990), Labuan Trusts Act 1996 and Labuan Business Activity Tax Act 1990 (LBATA 1990). Vessels received include containers, bulk, and general cargoes. Labuan's business focus is on five core areas: offshore holding companies, captive insurance, Shariah-compliant Islamic Finance structures, public and private funds, and wealth management. is a company registered with Suruhanjaya Syarikat Malaysia and and is issued with the registration number 234241-X for its business operation. In 1899 many types were surcharged with a value of 4 cents. [5], United Kingdom 1846–1848[8][6] This includes British, Australian, Indian, Sarawakian, Bruneian, North Borneo, and Empire troops, making it the largest war grave with 3,908 graves of fallen soldiers. The economy of Labuan thrives on its vast oil and gas resources and international investment and banking services. The island is administered by the federal government through the Ministry of Federal Territories.  • United Kingdom 1904–1906 See more of Financial Park Labuan on Facebook. Victoria is an offshore support hub for deepwater oil and gas activities in the region. [1] During this time, the Crown Colony government re-established much of the infrastructure that had been destroyed during the war. Below is the list of administrator of Labuan Corporation from 2001 to current date: The Federal Territory is administratively subdivided into the capital Bandar Victoria and 27 kampung (administrative villages),[44][45] and which are ruled by appointed Ketua Kampung (headmen): Security is the responsibility of the federal government, with naval patrol vessels, a garrison, and an air detachment based on the island. Labuan is one of the Malaysian federal government territories. Victoria's Financial Park along Jalan Merdeka houses offshore teams of international banks, insurance and trust companies. Labuan Island is mainly flat and undulating; its highest point is Bukit Kubong at 148 metres (486 feet) above sea level. Hotels near Financial Park, Labuan Island on Tripadvisor: Find 4,729 traveler reviews, 2,244 candid photos, and prices for 55 hotels near Financial Park in Labuan Island, Malaysia. : 087 423008 Fax: 087 421078: Affin Bank Berhad, Labuan Branch: Unit 3(J), Main Office Tower Financial Park Labuan, Jalan Merdeka 87000 Labuan F.T. Labuan is also the base for diving on four popular wreck dives: the Cement wreck, the American wreck, (the first USS Salute), the Australian wreck and the Blue Water wreck.[46]. Waterfront Labuan Financial Hotel a 4 star rated hotel is located by the sea, and the Financial Park, hence the name. ... Financial Park Labuan Island 2021 All You Need To Know Before You Go With Photos Labuan Island Malaysia Tripadvisor. Additional overprints appeared through the 1890s. More recently, two legal provisions were inserted into the Labuan Business Activity Tax Act 1990 and were gazetted on Dec 30, 2015. [27] By 30 October 1906, the British Government proposed to extend the boundaries of the Straits Settlements to include Labuan. Vessels received include containers, bulk, and general cargoes. [29] During the occupation, the Japanese Government changed the island name to Maida Island (前田島 [Maeda-shima]) on 9 December 1942 after Marquis Toshinari Maeda, as a remembrance to the first Japanese commander in northern Borneo. Phone: +6087-453 333 Fax: +6087-453 355 or. A 10,000 m² yard and warehouses are available outside the port. [15] Some sources state that during the signing of the treaty, the Sultan had been threatened by a British navy warship ready to fire on the Sultan's palace if he refused to sign the treaty while another source says the island was ceded to Britain as a reward for assistance in combating pirates. Typically, the current member of parliament of Labuan will be appointed to become chairman of Labuan Corporation. 14 Waterfront Labuan Financial Hotel, ☏ +60 87 418111. BES Labuan. From 1867, Labuan officially used the postage stamps of the Straits Settlements but began issuing its own in May 1879. [1][10][3] The island was then occupied by Japan from 3 January 1942 until June 1945 and governed as part of the Northern Borneo military unit by the Japanese 37th Army. [1][2][3][4][5] The town is an urban district within the wider city limits of Victoria which includes Labuan Port, a sheltered deep-water harbour which is an important trans-shipment point for Brunei Darussalam, northern Sarawak and western Sabah. Journal of the Malaysian Branch of the Royal Asiatic Society, 82(1 (296)), 17-54. Virtually all of its commodities including crude oil, methanol, HBI, gas, flour, animal feed, sea products, and ceramic tiles are exported either to Peninsular Malaysia or overseas. There are also remnants of Labuan's history as a Royal Navy coaling station, including the chimney, a well known local landmark. The appointment of a director or PO of a Labuan investment bank must obtain prior approval from Labuan FSA. Its territory includes Labuan Island and six smaller islands, off the coast of the state of Sabah in East Malaysia. Raw materials, parts, and equipments for industrial uses well as consumer products are imported. Beginning in May 1894, the stamps of North Borneo were overprinted "LABUAN". [31][32] Most of the Labuan island area including the main town of Victoria was under the control of Allied forces within four days of the landing on 10 June. Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation. [14] It was declared an international offshore financial centre and free trade zone in 1990.[34]. It is also a tourist destination for people travelling through Sabah, nearby Bruneians and scuba divers. Labuan's area comprises the main island (Labuan Island – 91.64 square kilometres or 35.38 square miles) and six other smaller islands, Burung, Daat, Kuraman, Big Rusukan, Small Rusukan and Papan island with a total area of 91.64 square kilometres (35.38 square miles). Financial Park Labuan Fpl Shoplots. See nearby properties An'Nur Jamek Mosque You might want to get your camera out and head to An'Nur Jamek Mosque— just one of the landmarks located 2.5 mi (4 km) from central Labuan. Beta Service Apartment Financial Park Complex Labuan, Jalan Merdeka, 87000 Labuan Federal Territory, Malaysia. After incorporation into the Straits Settlements in 1906, Labuan ceased issuing its own stamps, although they remained valid for some time. It has a 1,500-seat convention hall adjoining a large shopping mall; these form a modern complex which enhances Victoria's status among International Offshore Financial Centres. The proposal took effect from 1 January 1907. 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