The Labuan International Business and Finance Centre (IBFC) is a special economic zone in Malaysia based on the island of Labuan, off the Borneo coast. Established in 1990, Labuan IBFC has been promoted as having a unique position to tap investment opportunities within Asia and beyond. As it shares a common time zone with many large Asian cities, as well as its close proximity with China, India and other financial centres, it has been marketed to be a convenient location for business dealings. The Malaysian government designated…