Labuan GDP per capita in 2012 is MYR39,682. Since the 15th century, the town area including other parts of Labuan were under the Bruneian Empire. A memorial service is held on Remembrance Day once every 4-year. A 10,000 m² yard and warehouses are available outside the port. Labuan has one representative in each of the Lower and Upper Houses of Parliament. A post office was operating in Labuan by 1864, and used a circular date stamp as postmark. In 2004, the total value of Labuan's … 266 Followers, 95 Following, 124 Posts - See Instagram photos and videos from Financial Park Labuan (@financialparklabuan) In 2012, Victoria had a population of over 85,000 with nearly half of those coming from elsewhere in Malaysia and from Brunei Darussalam.  • Straits Settlements 1907–1941[11][12] Phone: +6087-453 333 Fax: +6087-453 355 Labuan became the main objective for the Allied forces to repossess. The total employment for Labuan is around 39,800 in 2012. British North Borneo Crown 1946–1963[13], For three centuries from the 15th century, the north and west coast of Borneo including the island of Labuan was part of the Sultanate of Brunei. [8][16][17], The main reason why the British acquired the island was to establish a naval station to protect their commercial interest in the region and to suppress piracy in the South China Sea.  • United Kingdom 1904–1906 : 087 423008 Fax: 087 421078: Affin Bank Berhad, Labuan Branch: Unit 3(J), Main Office Tower Financial Park Labuan, Jalan Merdeka 87000 Labuan F.T. [27] By 30 October 1906, the British Government proposed to extend the boundaries of the Straits Settlements to include Labuan. The hottest day of the year is 29 April, with an average high of 32 °C (90 °F) and low of 26 °C (79 °F). Newly proposed is the Marina Centre and Labuan Square project which were completed in 2010. [20] The island became a Crown Colony in 1848 with James Brooke appointed as the first governor and commander-in-chief, with William Napier as his lieutenant-governor. The last Labuan-only design came out in 1902, depicting a crown and inscribed "LABUAN COLONY". Financial Park Complex was established to facilitate the development of Federal Territory of Labuan as an International Offshore Financial Centre. Waterfront Labuan Financial Hotel a 4 star rated hotel is located by the sea, and the Financial Park, hence the name. The main economic sectors in Labuan is service and manufacturing which contributed 94.6 percent to the island GDP. Grand Dorsett Labuan Hotel is the only 5 star hotel in Labuan. Hotels near Financial Park, Labuan Island on Tripadvisor: Find 4,729 traveler reviews, 2,244 candid photos, and prices for 55 hotels near Financial Park in Labuan Island, Malaysia. Raw materials, parts, and equipments for industrial uses well as consumer products are imported. In Wikipedia. Comply with the prudential and reporting requirements issued by Labuan … Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region. Since its inception, the jurisdiction has expanded to become a base for more than 6,500 offshore companies and more than 300 licensed financial institutions including world leading banks. Unit Level 14(B) 14(C), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000 Federal Territory of Labuan, Malaysia. In 2010 the notion "offshore" was excluded from all the statutes of Labuan due to world pressure on the tax havens and offshores. Journal of the Malaysian Branch of the Royal Asiatic Society, 82(1 (296)), 17-54. Tel. The Labuan International Business and Financial Centre Labuan IBFC was created as Malaysia's only offshore financial hub in October 1990 and was operating under the name of Labuan International Offshore Financial Centre (IOFC). After incorporation into the Straits Settlements in 1906, Labuan ceased issuing its own stamps, although they remained valid for some time. Retrieved from, List of twin towns and sister cities in Malaysia, http://movies2.nytimes.com/learning/general/onthisday/bday/0524.html, "Brunei Revival of 1906 (A Popular History) – The Surrender of Labuan and The First Brunei-British Treaty", "British Borneo: Sketches of Brunai, Sarawak, Labuan and North Borneo", "Chapter 8: Labuan International Offshore Financial Centre", https://en.wikipedia.org/w/index.php?title=Victoria,_Labuan&oldid=1002872232, Short description is different from Wikidata, Articles containing Malay (macrolanguage)-language text, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 January 2021, at 12:05. For other uses, see, E-Mail of the Territory Administration to Wikipedia (11 June 2012), https://www.dosm.gov.my/v1/index.php?r=column/cone&menu_id=NmZ4RUtKY3ZPblVWZ0VqeXk5SEg1dz09, "Demographic Statistics Second Quarter 2019 Malaysia", "Crawfurd, John, A descriptive dictionary of the Indian islands & adjacent countries", "Laws of Malaysia A585 Constitution (Amendment) (No.2) Act 1984", "British Borneo: Sketches of Brunai, Sarawak, Labuan and North Borneo", "The Straits Times, 14 October 1848, Page 3 (Labuan)", "The Straits Times, 21 October 1848, Page 3 (Labuan)", "Australians Swarm Ashore on N-W Borneo Coast", "Surrender Point Memorial, Labuan Island", "Chapter 8: Labuan International Offshore Financial Centre", National Oceanic and Atmospheric Administration, "Klimatafel von Labuan / Insel Borneo (Kalimantan) / Malaysia", "2010 Population and Housing Census of Malaysia (Labuan)", "GDP by state, national accounts 2005–2012", JADUAL PELAKSANAAN PROGRAM KESEDARAN KITAR SEMULA BAGI KAMPUNG-KAMPUNG DI W.P. It is off the northeastern part of the island of Borneo facing the South China Sea. The proposal took effect from 1 January 1907. Labuan Island is mainly flat and undulating; its highest point is Bukit Kubong at 148 metres (486 feet) above sea level. Labuan: Its Legal History and Land Tenure System. As of 2010[update] Census the population of Labuan is 76.0% Muslim, 12.4% Christian, 9.0% Buddhist, 0.4% Hindu, 2.1% follower of other religions, and 0.1% non-religious. Bataras Hypermarket Labuan. Labuan Wikipedia. [15] Some sources state that during the signing of the treaty, the Sultan had been threatened by a British navy warship ready to fire on the Sultan's palace if he refused to sign the treaty while another source says the island was ceded to Britain as a reward for assistance in combating pirates. More recently, two legal provisions were inserted into the Labuan Business Activity Tax Act 1990 and were gazetted on Dec 30, 2015. Victoria's Financial Park along Jalan Merdeka houses offshore teams of international banks, insurance and trust companies. Rates from RM475.00+. [31][32] Most of the Labuan island area including the main town of Victoria was under the control of Allied forces within four days of the landing on 10 June. Beginning in May 1894, the stamps of North Borneo were overprinted "LABUAN". The name Labuan derives from the Malay word labuhan which means harbour. Additional overprints appeared through the 1890s. Labuan's own institution of higher education is Universiti Malaysia Sabah Labuan International Campus,[48] a branch of Universiti Malaysia Sabah in Sepanggar Bay, Kota Kinabalu. Located very near to Financial Park Complex and next to Labuan Square. [8][6] A British naval officer, Rodney Mundy, visited Brunei with his ship HMS Iris to keep the Sultan in line until the British Government made a final decision to take the island and he took Pengiran Mumin to witness the island's accession to the British Crown on 24 December 1846. Labuan is also the base for diving on four popular wreck dives: the Cement wreck, the American wreck, (the first USS Salute), the Australian wreck and the Blue Water wreck.[46]. Over 70% of the island is still covered with vegetation. Beta Service Apartment Financial Park Complex Labuan, Jalan Merdeka, 87000 Labuan Federal Territory, Malaysia. On 24 September 1896, the 50th anniversary of the cession was marked by overprinting "1846 / JUBILEE / 1896" on North Borneo stamps. Parkson Financial Park Labuan Complex is a Supermarket based in Labuan, Sabah. Comply with the statutory requirements under the Labuan Financial Services and Securities Act 2010. Labuan's area comprises the main island (Labuan Island – 91.64 square kilometres or 35.38 square miles) and six other smaller islands, Burung, Daat, Kuraman, Big Rusukan, Small Rusukan and Papan island with a total area of 91.64 square kilometres (35.38 square miles).  • British North Borneo 1890–1904 See nearby properties An'Nur Jamek Mosque You might want to get your camera out and head to An'Nur Jamek Mosque— just one of the landmarks located 2.5 mi (4 km) from central Labuan. The port is on a natural deep-water bay where large vessels can anchor as it is sheltered from typhoons. List of Labuan representatives in the Federal Parliament (Dewan Rakyat), This article is about the federal territory and the homonymous island in Malaysia. Related Pages. ... Financial Park Complex. Over the course of a year, the temperature typically varies from 25 to 32 °C (77 to 90 °F) and is rarely below 24 °C (75 °F) or above 33 °C (91 °F). Virtually all of its commodities including crude oil, methanol, HBI, gas, flour, animal feed, sea products, and ceramic tiles are exported either to Peninsular Malaysia or overseas. [6][9][10][21] In 1849, the Eastern Archipelago Company became the first of several British companies to try to exploit Labuan coal deposits. Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation. The original stamps were engraved, but the last of the design, in April 1894, were done by lithography. Log In. The coldest day of the year is 8 September, with an average low of 25 °C (77 °F) and high of 31 °C (88 °F). This includes British, Australian, Indian, Sarawakian, Bruneian, North Borneo, and Empire troops, making it the largest war grave with 3,908 graves of fallen soldiers. Labuan IBFC's position is further enhanced by the launch of the Malaysian International Islamic Finance Centre initiative in August 2006. The service sector consisted mainly of Finance and Insurance and Real Estate and Business Services. Vessels received include containers, bulk, and general cargoes. “In view of the increasing positive cases involving hawkers and workers in the stalls and shopping mall, the complex is closed for three days,” the company said. Specialize in dairy, shopping and convenience. Mail was routed through Singapore. The wharf has four berths. Government Organization. Labuan is a very much an import-export oriented economy. The wharf has four berths. There is also a memorial celebrating the surrender of the Japanese to the Australian Forces in 1945. Labuan was declared as an International Offshore Financial Centre (IOFC) in October 1990 to complement the activities of the domestic financial market in Kuala Lumpur, strengthen the contribution of financial services to Gross National Products of Malaysia as well as develop the island and areas within its vicinity. 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