Showing posts with label offshore financial center. Show all posts
Showing posts with label offshore financial center. Show all posts

Tuesday, 15 July 2014

Labuan

Labuan is federal territory that is made up of the main Labuan Island and six smaller islands. The island is mostly known for its capital as an offshore financial center that offers international financial and business services and also being famous for the deep water offshore gas and oil extraction. The name of the country derives from the word Labuan which means harbor, as in the past it used to be a place travelers would come to restock goods.