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Labuan IBFC not affected by 1MDB says SEZ’s CEO

The 1MDB fiasco that has gripped the Malaysian nation since 2015 and claimed the merchant banking licences of two private banks in Singapore may be far from over, but Danial Mah Abdullah, CEO of Labuan International Business and Financial Centre (IBFC), tells Asian Private Banker that the offshore special economic zone has experienced little-to-no negative impact. “[Labuan] is quite separated, it…

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