| Country Fact Sheet |
| Capital
|
Bandar Labuan |
| Surface
|
91 sq km |
| Currency
|
Malaysian Ringgit (Offshore companies are required to carry out on business in a foreign currency) |
| GDP
|
Purchasing power parity - $82.3 million USD (2000 est.) |
| GDP/Capita
|
Purchasing power parity - $1,022 USD (2000 est.) |
| Language
|
Bahasa Malaysia (English is widely spoken) |
| Religion
|
Official religion is Islam; places of worship for Muslims, Hindus, Christians and Buddhists are available |
| Government
|
Territory of Malaysia, Minister of Federal Territories - Datuk Zulhasnan Rafique |
| Time Zone
|
GMT +8 hours hours GMT |
| Telecom Code
|
+60 87 |
| Airport
|
Labuan Airport (LBU) |
| Driving
|
On right hand side of the road, license required |
| Electrical
|
220-240V AC |
| Political Climate
|
Stable country |
| Population
|
85,000 people |
| History |
In 1840 the British used the previously-uninhabited island as a base for operations against piracy and later as a station for the submarine cable between Singapore and Hong Kong. The Sultan of Brunei ceded Labuan to Britain in 1846, and the island became a Crown Colony in 1848. It was made a part of North Borneo on 1 January 1890, then on 30 October 1906 joined to the Straits Settlements. Labuan was occupied by Japan from December 1941 to June 1945, after which it was under British military administration (along with the rest of the Straits Settlements), then joined to British North Borneo, on 15 July 1946, which in turn became a part of Malaysia in 1963. |
| Local Business & Service Providers |
| Accommodation |
» Le Bristol Hotel
|
| Automotive services |
» Easy Terra Car Rental
|
| Business travel |
» Ghazi Travel Agency
|
| Corporate incentives |
| Financial services |
» HSBC
|
| Financial Technology |
» Al Ahlia Holding
|
| Intellectual Property |
» Kawas Consulting
|
| Legal and fiduciary |
» Torbey law firm
|
| Lifestyle |
» Beirut Restaurant
|
| Technology |
| Local Radio |
| » 103.7 Labuan FM |
| » 89.4 Sabah FM |
| » 93.3 Sabah V FM |
| Local Weather Forecast |
| » BBC Weather |
| » Malaysian Meteorological Department |
| » Reuters |
| Government Agencies |
| » Association of Offshore Banks |
| » Labuan International Financial Exchange |
| » Labuan International Insurance Studio |
| » Labuan Tourism |
| » Malaysian Ministry of Finance |
| » Offshore Financial Services Authority |
| » State Development Office |
|
