One of three federal territories in Malaysia, Labuan is located 8km off the Borneo coast in East Malaysia. Its name is derived from the Malay word “pelabuhan”, which translates to “port”.
Labuan is made up of the main Labuan Island and 6 smaller islands, forming a combined area of approximately 92 square kilometers. The population of Labuan is approximately 87,000 people (2010), of which 76% are Muslims, 12% Christians and 9% Buddhists. The main languages are Malay and English, and also certain indigenous dialects.
The islands experience a tropical climate and is mostly hot and humid, with temperatures ranging between 24°C to 34°C. The weather gets wet towards year-ends.
Labuan International Business and Financial Centre (IBFC) was established in October 1990, making it Malaysia’s only offshore financial centre.