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News from Labuan
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Budget 2027 raises duty-free limit for Labuan and Langkawi
Budget 2027 raises the duty-free limit to RM10,000 for both Langkawi and Labuan. The new rules, effective January 1, 2027, also increase the minimum stay requirement in Labuan to 48 hours. Other measures include support for local products and international flights.
Labuan IBFC Targets Growth Through Islamic Finance and Digital Solutions
The Labuan International Business and Financial Centre aims to boost its status as an international financial hub. Key growth drivers include expanding interconnected financial services, particularly in Islamic finance and digital solutions. The centre's regulator is updating guidelines while emphasizing responsible innovation.
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