Labuan can become the next Singapore: Labuan Corp CEO

Rithuan said Labuan, being a free port, has business-friendly policies to jumpstart its economic growth. theSun theSundaily Labuan Singapore business economy jumpstart finance oilandgas

Labuan can potentially become the next Singapore with its booming international business and financial sector, oil and gas and maritime industries.

“Foreign enterprises can use Labuan as a gateway to the international market and expand their business due to its strategic location within the Brunei–Indonesia–Malaysia–Philippines East Asean Growth Area ,” he said at the launch of the Labuan-level Wave Federal Territory Flags Campaign here, today.

Rithuan said businesses in Labuan must work together with the local authority to turn the island into an attractive economic destination both for domestic and foreign investments.

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