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The Labuan IBFC shares a common time zone with many large Asian cities and its location between China and India as well as its proximity to several other financial centres has been used to promote the Labuan IBFC as a convenient location for business dealings. [2] Labuan has been designated as a financial centre and free trade zone by the ...
Labuan (/ l ə ˈ b uː ə n /), officially the Federal Territory of Labuan (Malay: Wilayah Persekutuan Labuan), is an island federal territory of Malaysia. Its territory includes Labuan Island and six smaller islands, off the coast of the state of Sabah in East Malaysia .
The hoisting of British flag for the first time on Labuan on 24 December 1846 following its foundation as a Crown colony. Since 1841, when James Brooke had successfully established a solid presence in northwestern Borneo with the establishment of the Raj of Sarawak and began to assist in the suppression of piracy along the island coast, he had persistently promoted the island of Labuan to the ...
For local administration, the colony was divided into four residencies overseen by a resident, which were sub-divided into districts overseen by district officers. The district officer for the island of Labuan reported directly to the Chief Secretary. The districts were sub-divided into sub-districts overseen by assistant district officers.
The museum showcases the history and culture of Labuan. [4] On the lower floor, it displays the history of Labuan since its prehistory until the birth of Labuan as a federal territory of Malaysia and the establishment of Labuan as the international offshore financial centre .
Operations began when James Motley was sent to Labuan in 1849. He was to take over the rudimentary coal workings and commence supplies to Royal Navy and East India Company steamers, for which a contract with the British Admiralty was already in place. The company did not provide him with sufficient resources to develop underground works at the ...
Board of directors of the company. The company was founded along similar lines as the East India Company.German businessman and diplomat Baron von Overbeck, along with the heads of a British trading company in Shanghai and London, Alfred Dent and Edward Dent, together met with the rulers of northern Borneo to obtain a concession for their colonial interests. [8]
The island of Labuan has an area of 30 square miles (78 km 2) and contains 6,800 inhabitants; it is an important shipping station between Singapore and Hong Kong. The prefect Apostolic lives at Labuan. The stations served are Labuan and Kuching , the two most important towns.