Labuan Guide, Meaning , Facts, Information and Description
Labuan formerly known as Victoria island is, since 1946, a territory of Malaysia being part of the state of Sabah. It comprises one main island (75 sq.km.) and six other smaller ones off the coast of Sabah, and Brunei. The islands have a total population of 75,000 and are best known as an offshore banking center. In Malay,it is called Pulau Labuan (Labuan in Malay means anchorage).
In 1984, Labuan was made part of the Federal Territory of Malaysia and 6 years later in 1990 it was declared and still is an International Offshore Financial Centre(IOFC).
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