Offering a difference to investors

Article Abstract:

Financial institutions interested in setting up offshore operations in Labuan will appreciate the changes within the Labuan Offshore Financial Services Authority (Lofsa). In 1996 the office, which was virtually overlooked since it had been created in 1990, began offering financial institutions the services they needed. Lofsa has developed liaisons with banks and financial institutions to help develop develop offshore industry.

Services, Economic policy, Malaysia

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The foundation for Islamic banking

Article Abstract:

Labuan banks are developing quickly and are focused on attracting vertical markets, especially Islamic companies. Foreign banks report that they are doing well in Labuan, despite the fact that many are situated elsewhere, but run their business through Labuan. Operational costs are low and many are in Labuan to gain access to the Malaysian market. However, the Labuan government makes it tough for a bank to open an office.

Management, Foreign banks, Labuan

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Foreign banks make inroads in difficult markets

Article Abstract:

Several banks have maintained their ratings in Asian operations despite the currency crisis. Experience in dealing with Asian corporations contributes to their success.

Asia, Statistical Data Included

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