ID :
376287
Tue, 08/04/2015 - 13:57
Auther :

Indonesian Firms Eye Expansion Into ASEAN Via Labuan IBFC

KUALA LUMPUR, Aug 4 (Bernama) -- Indonesian companies are looking for efficient and legitimate ways to expand into ASEAN via Labuan International Business and Financial Centre (Labuan IBFC). In a statement Tuesday, Labuan LIBFC Interim Chief Executive Officer, Danial Mah Abdullah, said Labuan IBFC was well-positioned to fulfill this need, given its proximity to strategic Asian markets, sound regulatory oversight and simple and competitive tax system. "As ASEAN grows in economic might, the increase in wealth in the region is outpacing the rest of the world," he said. Labuan IBFC, Asia-Pacific's midshore international business and financial centre, held the Jakarta chapter of its ASEAN roadshow on Tuesday. Themed, "Labuan IBFC: Bridging Indonesia with ASEAN", the roadshow is aimed at Indonesian corporates looking to expand their ASEAN footprint. The ASEAN roadshow kicked off here on May 27, followed by Manila on June 2 and today (Tuesday) in Jakarta. --BERNAMA

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