LABUAN was a mere fishing village under the British colonial rule, but after it became part of Malaysia in 1963 and was designated as a federal territory in 1984, the island has transformed itself into one of the world’s leading international offshore financial centres.

Read more: Cosmopolitan Labuan another success story – General – New Straits Times http://www.nst.com.my/nation/general/cosmopolitan-labuan-another-success-story-1.143045#ixzz285sFHyA4