Labuan's offshore industry stays on growth path

New Straits Times | September 2, 2009| | Copyright

Rupinder Singh
New Straits Times
09-02-2009
Labuan's offshore industry stays on growth path
Byline: Rupinder Singh
Edition: Main/Lifestyle
Section: Business Times
Type: Company

THE offshore industry in Labuan has continued to grow, albeit at a slower pace, despite the global economic downturn.

Labuan IBFC Inc Sdn Bhd chief executive officer Martin Crawford attributed the growth to its marketing efforts throughout Asia and Gulf Cooperation Council countries.
"Certain international offshore financial centres have seen a marked decrease in activity. In Labuan's case, however, we continued to grow. ...

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