KUCHING: The Sarawak Business Federation (SBF) and Labuan International Business and Financial Centre Incorporated Sdn Bhd (Labuan IBFC Inc.) recently held a masterclass session, which gathered stakeholders from the Sarawak business community.
The event held at Pullman Hotel here showcased recent developments in Labuan.
Officiating at the event, president of SBF Datuk Sri Abang Abdul Karim Tun Abang Openg stressed the need for Sarawak’s business community to engage with Labuan IBFC to gain better understanding in how they can expand and develop their businesses further and at the same time enjoy the benefits and incentives available.
“Organise more dialogues and engagements so that SBF members will have the opportunity to have continued engagement,” he said this in his opening remark.
The masterclass session kicked off with a briefing on Labuan IBFC, which touched upon the formation of Labuan IBFC, its governance as well as recent related legislative amendments.
The seminar then followed by three high-impact briefing sessions, the first of which explained the establishment of businesses through Labuan trust companies.
It concluded with the consensus that Labuan IBFC has a leading role to play in serving as a viable hub for Sarawak businesses.
