Labuan FSA sees 50% rise in licensing approvals in 1H2020

Malaysia's Labuan International Business and Financial Centre (Labuan IBFC) freezone has announced a 50% increase in licensing application approvals for the first half of 2020, making a total of more than 800 licensed entities currently operating in Labuan IBFC.   "Notwithstanding the challenges and movement restrictions due to the covid-19 outbreak, we are glad to continue to have growth, an increase in licenses approved during the first half of 2020," said Danial Mah Abdullah, director-general of Labuan FSA in his welcome speech at the third Asian Captive Conference (ACC) today. "Ha...