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Labuan

Federal territory of Malaysia
The Federal Territory of Labuan (Wilayah Persekutuan Labuan, abbreviated as Labuan) is Malaysia A federal territory, in Sabah To the west, an island located in the South China Sea, Labuan has an area of about 92 square kilometers.
Labuan was declared a federal territory by Malaysia on 16 April 1984 and became a federal territory by law on 1 October 1990 International offshore financial center . The Labuan International Business and Finance Centre is an agency directly under the Ministry of Finance of the Federal Government of Malaysia and is responsible for promoting the development of Labuan.
On June 12, 2018, the Malaysian Association for International Economic Exchange and the Labuan International Business and Financial Centre of Malaysia signed a cooperation agreement, and the two sides announced that they would join hands in cooperation Labuan Build a global" the Belt and Road A new platform for international exchanges and cooperation. [1]
Chinese name
Labuan
Foreign name
Labuan
Administrative category
Federal territory
Subordinate region
Malaysia
Geographical position
Western Sabah
Area product
91.64 km²
Population number
77,700 people (2000)

Historical evolution

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It became a maritime trade hotspot in the 11th century.
Labuan was originally Brunei Dynasty Part of it, but was adopted in 1846 Sultan of Brunei It was ceded to the United Kingdom and renamed "Victoria Island".
Flag of Labuan under British occupation
It became a British Crown colony in 1848 and was incorporated by the United Kingdom as part of the British State of North Borneo on 1 January 1890.
On 30 October 1906, it was annexed by the British The Straits Settlements Part of it.
In 1942, Pacific War The Malay Peninsula, Singapore, North Borneo and Sarawak were occupied by the Japanese, and Labuan was renamed "Maeda Island".
In 1945, Japan surrendered, British colony The government took back its sovereignty and returned to the administration of the Straits Settlements.
On 15 July 1946, Labuan was restored to British North Borneo.
On July 15, 1963, it separated from the United Kingdom and joined Malaysia, but returned to Malaysia Sabah Governance.
It became a Federal Territory of Malaysia on 16 April 1984.
It became a free port in 1990 International offshore financial center .

Administrative division

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Labuan has an area of 91.64 square kilometers and the main island of 87.52 square kilometers. The remaining islands include Pulau Burung, Pulau Daat, Pulau Kuraman, Pulau Papan, Pulau Rusukan Kecil, Pulau Rusukan Besar.

Geographical environment

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Location boundary

The name Labuan comes from pelabohan, which means moored. Labuan, 8 km west of Borneo, is East Malaysia Duty-free island And vacation resorts. Many of the tourist attractions here have historical and cultural value, which can deepen the knowledge of Labuan. Labuan is an archipelago of seven islands with an area of no more than 92 square kilometers, and you can see happy children and young white-collar workers walking the streets.
Labuan, though small but conveniently located for all, once belonged to the Brunei Sultanate, ceded to the British in 1846 Sabah Except for three years of Japanese occupation, the British ruled for 115 years. Finally, in the early 1980s, the island joined the Federation of Malaysia.

Geomorphic environment

From the Labuan It is surrounded by six islands: Pulau Papan, Pulau Kuraman, Pulau Daat, Pulau Rusukan, Pulau Kecil and Pulau Burong. On these six islands, you can enjoy the spectacular underwater world, as well as activities such as riding the waves, paragliding, sailing, jet skiing, deep sea diving, fishing and salvaging the remains of wrecked ships.
The Wreck. Labuan is a water paradise. The island is rich in Marine life, and fishermen will be able to enjoy the fun of fishing when they return home.
The many coral reefs close to Labuan allow anglers to "catch" many valuable premium fish such as clomobranchia elegans Big marlin Let's wait. In addition, the island also provides a variety of fishing activities and different fishing tools.
Labuan is also a shopping paradise. As a free port, many items are much cheaper here than elsewhere. Popular sellers in department stores include jewelry, sports equipment, electrical appliances, textiles, perfumes and alcoholic beverages.
Other tourist attractions include Labuan Square, Labuan Shipa Temple and An 'Nur Jamek Temple.

Natural resources

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From 1847 to 1912, Labuan was part of the coal belt and served as a coal fueling station for ships traveling to the Far East. The Chimney at Tanjong Kubong is a relic of that time. Looking up at this historic site, there is a breathtaking feeling.

Population nationality

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According to the 2000 census, Labuan's population was 77,700. among Malay Accounting for 60,549 (77.92%), Ethnic Chinese Accounting for 12,019 (15.47%), Indian There were 989 people (1.28%) and 4,143 people (5.33%) of other races.

economy

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Financial center

Labuan is located about 8 km off the coast of Sabah, one side of the island is still engaged in traditional activities such as fishing, on this side of the coast of the island is an international financial center, which has been erected in the early 1990s. It can be regarded as the pioneer of international financial centers in Asia, and it is gradually spreading its name to the international arena. As a duty-free island, Labuan enjoys many privileges and amenities. It not only has a lot of cheap shops, but also offers a lot of business and investment opportunities. For example, raw materials used in manufacturing can be imported and exported freely without tariffs. It is also Malaysia's deep water anchor dock.

Overseas company

Labuan is a well-known offshore investment centre
The offshore company registration in Labuan is derived from the provisions of the OffshoreCompaniesAct1990 (OffshoreCompaniesAct1990), which not only enjoys tax advantages, but also enjoys the avoidance signed between Malaysia and other countries Double taxation Agreements and other relevant preferential terms.
The attributes of Labuan offshore companies are between Offshore income Exemptions and special taxes Strategic planning The tax regime of the country of use is similar to that of a company outside Singapore, but it is easier than that of a Singapore company in terms of the ease of tax settlement. For example, Labuan companies set the maximum amount of tax at RM20,000, while Singapore companies do not have similar clear rules.

Travel and sightseeing

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Labuan is still full of history - a curious smoke window is where coal mines were found on the island, and the informative visitor centre has information on mining. It's on the war memorial wall World War II 4,000 warriors who gave their lives in Japan. The Japanese government has built a peace park in the western part of the island.

Peace Park

Two other historic sites are the War Memorial and Peace Park. The War Memorial is a secluded cemetery dedicated to the 4,000 British, Australian and New Zealand soldiers who died in the Second World War. The Peace Park commemorates Japan's surrender to Australian forces on September 9, 1945, ending World War II in Borneo. Labuan is good for diving all year round. Many relics from World War II and the remains of wrecked ships have sunk to the depths of the sea, making Labuan an excellent dive site. In addition, the island's hotels can also help arrange exploration to four other underwater sites. They are American Wreck, Australian Wreck, Cement Wreck and Blue Water.

The island is rich

Labuan locate Brunei Bight To the north, facing the South China Sea, the garden island known as Borneo is also one of Asia's well-protected mysteries, where the old and the new complement each other, allowing people with different cultural backgrounds to live together in harmony. Surrounded by coral reefs, it presents an elegant and peaceful Marine ecology. Compared to the isolated beach on the neighboring island, it is a little quiet and lonely. Four shipwrecks surround the adjacent waters, offering an exciting and challenging dive area for experienced divers.
The island's rich historical background can be best explained by its unique customs and customs, as well as the local monuments and cemeteries. Labuan is home to many historical attractions as well as five-star hotels and broadband communications facilities. Its comprehensive facilities can be used to host all kinds of business meetings, gatherings and exhibitions.

Tourist attraction

Labuan is the main town and home to the airport and ferry terminal. Labuan also has oil production facilities, and the oil and gas industry is the main pillar of the island's economy. Banking, finance, tourism and education are also growing rapidly on the island. Labuan boasts picturesque islands, beautiful beaches, sailing and golf.
In Labuan, the most recommended tourist attraction is Labuan Square (LabUanSquare), which was formerly known as "Labuan City Park". The manicured grass and brightly coloured flowers of Labuan Square make it a charming park in Labuan City. Its design reflects Labuan's status as an international financial tax-free centre. Another must-see is TheChimney at Taniung Kubonq.
This is the historical testimony of Labuan's coal mining industry from 1847 to 1912. At that time Labuan was a coaling station for ships from the Far East, and coal was transported by monorail to the port of Victoria. Diving and leisure As a well-known diving place, you can dive all year round in Labuan, which is really worthy of the title of diving paradise! Labuan is surrounded by six small islands, which are: PulauPapan, Pulau Kuraman, Pulau Daat, Palau Rusukan, Pulau Kecil and Pulau Burong, people can participate in water paragliding, jet skiing and other activities in these islands, touch the underwater world, dance with fish and shrimp.
There is a very special dive site on the island. During the Second World War, a large number of ships sank in these waters, making the waters of Labuan a popular tourist area as well as a favorite for divers. A few of the more famous dive sites include the wreck of an American sea ship, Big Rusu, located southwest of Little Rusu Gan Island southwest Australia Shipwreck, etc. As Labuan is a free port, the price of many consumer goods here is naturally very cheap, it can be said that the price is excellent.
It is a good choice to retire, settle down or invest here. It brings a lot of benefits to people who want to live here. Labuan is a duty-free shopping paradise, but you have to stay there for more than 24 hours. If so, you will be able to buy cigarettes, alcohol, perfume and chocolate at very affordable prices, with a wide range of options. You can also find many duty-free shops in the city, where Malaysia's famous sun-dried seafood can be taken home.
In addition, the price of drinks in Labuan is very cheap, and many bars are located in the city center, which is a good place to meet friends at night! After shopping, don't forget the food here, whether it is Chinese, Western, Malay or Indian food, Labuan has it all. Local seafood restaurants sell seafood, the price is not only popular, a variety of cooking methods will definitely let you stop.

Development direction

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Strengthen tourism

Labuan
The Development Agency of the Territory of Labuan, Malaysia plans to expand and improve Labuan Airport To pave the way for additional direct international flights to Labuan, to further promote and strengthen the tourism industry in the Labuan Jurisdiction.
Labuan Development Agency Chief Tracking Officer Abidin Assah said the authorities would consult with the Transport Ministry to improve the runway equipment at Labuan Airport under the Ninth Malaysia Project to allow additional international direct flights to Labuan, so that foreign tourists can directly enter the threshold of Labuan.
Under the proposal, the authorities hope to attract direct flights to places such as Japan, South Korea and Taiwan, as tourists from these countries and regions are the main foreign tourists in Labuan.
In recent years, Labuan's tourism market promotion has not been satisfactory, mainly due to traffic problems, because the main means of transportation to Labuan is aircraft, due to expensive transportation and limited flights, resulting in the local tourism industry has been faced with resistance for a long time, without breakthrough achievements.
The plan is at the preliminary drafting stage and will be recommended to the Central Government's Economic Action Council through the Transport Ministry for implementation under the Ninth Malaysia Plan. Malaysia Airlines Two trips every morning and night, and Airasia There is a return flight every day.
To promote Labuan tourism, foreign tourists want to come to Labuan except from Kuala Lumpur Outside the transfer, it is very inconvenient to enter from Sabah API or Brunei, plus Sabah , Sarawak The tourism industry is very strong, which puts Labuan at a disadvantage.
The development agency will implement various tourism promotion initiatives to further strengthen and promote the Labuan tourism market, including organizing the Labuan Tourism Year 2010, the Silver Jubilee of the establishment of the Labuan Territory in 2009, and shaping Labuan as the maritime sports Hub of Borneo, but to implement these initiatives, the existing transport facilities must be addressed.

Attract overseas tourists

On the other hand, although the promotion of the Labuan tourism market has been somewhat slow, the number of overseas tourists has increased by an average of 5% per year, while the profile of domestic tourists has also been increasing. According to the information provided by the authorities, there were 467,028 local tourists and 86,938 foreign tourists in 2001, 501,954 local tourists and 98,553 foreign tourists in 2002, and 54,956 local tourists and 99,239 foreign tourists in 2003.