Latest news
- ▪ Labuan IBFC Signs MoU with China Construction Bank: Labuan International Business and Financial Centre Incorporated (Labuan IBFC Inc), the market development agency for Labuan International Business and Financial Centre (Labuan IBFC), and China Construction Bank Corporation Labuan Branch (CCBL), a branch of China Construction Bank Corporation, have inked a Memorandum of Understanding (MoU) to allow CCBL to promote the benefits of Labuan IBFC to Chinese and Chinese related companies, in addition to supporting the advancement of FinTech development in the jurisdiction.
- ▪ Labuan win The Best Asian Captive Domicile 2019:Labuan International Business and Financial Centre (Labuan IBFC) was recognised as the best Asian Domicile for the second year in a row at the Asia Captive Review Awards recently.
- ▪ Labuan FSA Grants the First Digital Bank Approval to China Construction Bank Labuan:China Construction Bank Corporation Labuan Branch (“CCBL”) has been approved by the Labuan Financial Services Authority to conduct digital banking activities in the Labuan International Business and Financial Centre
- ▪ VCIA held 2019 annual conference on August 5–8:Over 1,000 people from nearly every state and 11 countries attended this year's VCIA annual conference, held in Burlington, Vermont, on August 5–8.
- ▪ AM Best confirm rating of BP's 2 captives :AM Best has affirmed 2 captives of BP, the the Jupiter and Saturn's Financial Strength Rating is "A" and"A-", the Long-Term Issuer Credit Rating is "a" and "a-"
- ▪ AM Best Affirms Credit Ratings of Toyota Motor Insurance Company:AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Toyota Motor Insurance Company. The outlook of these Credit Ratings is stable.