PayPal services are used by business makers and end-users. Anytime support. Payment gateways enable the capability for credit card and digital payment processing. One of the key benefits of a payment gateway is that it increases security for both the customer and the business. Labuan. ISBN: 978-1-83918-276-1. Headquartered in the city of Singapore, Tetra Consultants is. Baxian Bank Ltd. DOWNLOAD THIS FILE. Stripe Payments. 2. Labuan IBFC’s debut as a digital friendly jurisdiction began in 2017 with just one licence and has since expanded with a wide range of digital businesses and players, from digital banking and insurtech to intermediaries such as robo-advisory, digital asset exchanges, crypto trading platforms, tokenisation licences and e-payment systems. To ensure that your team creates a secure payment gateway, you might need to invest up to $10K in quality assurance and testing. Net, Stripe, 2Checkout, and Adyen are the top 5 best online payment gateway providers. Razorpay Offers Lowest. JomPAY allows you to manage your bills easily with one payment method all through your online banking. When a customer places an order and proceeds to checkout, the payment gateway encrypts and securely sends the. When you apply for Token License with us for Labuan, we also offer extensive support which starts with licensing in Labuan but extends to HR support in Labuan, bank account opening payment processing in Labuan just to name a few. STICPAY, a leading global e-wallet service provider and payment gateway, today announces a new strategic partnership with Ness LAB, a pioneering. Authorize. The e-commerce service provider is the one that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The smartest way to get you paid. A summary of the description of Labuan business activities and its tax. BynRASiþOnline Payment Gateway) Mudah, Cepat & Selamat l. It securely validates the payment information entered by the customer and. Two payment gateways, plus international options: $500 for select high-risk merchants: No standard fee; must contact for a quote: View More: Soar Payments: 3. Payment of taxes. As such, it’s one of the most fully developed payment gateway you can find around. Financial Park Labuan, Jalan Merdeka, 87000, Federal Territory of Labuan, Malaysia All investments can be substantial. Labuan IBFC, Key Digital. Octopus for Business is another popular payment platform in Hong Kong. Tel: (+60 87) 591 200 Fax: (+60 87) 453 442 . We provide seamless electronic payment solutions for both SME's and large enterprises. Gumroad for selling individual items. Sila catatkan Nama Tuan Punya Tanah (termasuk. It is currently one of the most popular online payment gateways. Braintree is a payment gateway that specializes in. And while the user side driving this growth. 1. Authorize. Years of experience with Licensing Services for Labuan and total business solution!Our team will also assist in all legal, compliance and financial matters, up to the final stages of approval including setting-up of a registered financial institution with the Labuan FSA. You can expect to pay $25 to $50 per month for a subscription fee and around 2. However, even grab is still in the beginnings of setting up business here, and drivers can be few and far between. With fraud consistently on the rise, payment gateways help minimize your risk and protect. 15. The Labuan LLP is a taxable entity under the Labuan Business. Order 6. The 42nd ASEAN Summit in Labuan Bajo resulted in various agreements among country leaders in the region. Transaction processing fee: 2% on all transactions. You can take a direct flight from Kota Kinabalu to Brunei via Royal Brunei Airlines. PAYARC – Offers the best payment gateway for processing international transactions. 11. DISHES TO TRY: Atlantis on the Rock: Kerapu Bakar Labuan Bajo, Dulang Seafood, Nasi Goreng on the Rock | Atlantis Beach Club: Anything from the seafood selection! PRICING: $$$. Pin Payments. Level 17, Main Office Tower . Braintree. The bus operator that provides the route for the bus to Menumbok is mainly the Sipitang Express bus. Tricor Trustco (Labuan) Ltd Kuala Lumpur Marketing Office (LL04014) Unit 31-01, Level 31, Tower A, Vertical Business Suite, No. Post your query, and one of our experts will get back to you at the soonest. Galaxy Ferry. Find out how the world’s trading system recovered from the initial pandemic shock, what longstanding vulnerabilities have been exposed. Depending on the categorization, different tax treatments will be afforded to the said Labuan entity. 60 whichever is higherReceive the fund manager license. Additionally, we support cryptocurrency payments, ensuring. Because of the high authoritativeness of the bank, this payment gateway is also in high demand. Level 17, Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Wilayah Persekutuan Labuan, Malaysia Tel (+03) 8873 2000 Fax (+03) 8873 2209 LABUAN FINANCIAL SERVICES AUTHORITY The Best Payment Gateways of 2023. As Australian ecommerce continues its growth with over 29 billion Australian dollars in online sales during 2022 – the highest in the decade, one of the tickets to your successful online business in Australia will be selecting the online payment gateways that match Australian spending habits. Finally, as soon as you get full access to your account, you can make your first transactions. Bank of America Malaysia Berhad. Apply Now! Skip to content. Major Challenges in E-Payments & Prospective Solutions. STICPAY, a leading global e-wallet service provider and payment gateway, today announces a new strategic partnership with Ness LAB, a pioneering research company dedicated to building a blockchain-based information economy. The DHL Global Connectedness Index 2022 Update takes a comprehensive, data-driven look at the events of 2022. Payment of tax 12. Payment of Compound Under Labuan Business Activity Tax (LBATA) 25: 365: Payment for Increase Under Section 13 LBATA: 26: 375: Payment for. About. PayU Payment Gateway in India offers 150+ payment modes at the lowest pricing. Go diving in some of the most gorgeous underwater spots in the world, hike through the lush green forest to take in. Payment gateways in Japan: PayPal and FONDY. (A) 495/2012. Here is our curated online payment gateway list. 3. It’s a one-step process to make all your payments, and is just as simple as UPI. Email: [email protected] Phone: +603 2783 9191 (Labuan Division) Whatsapp Us: +6012-203 1143. 1 The Labuan Trusts (Amendment) Regulations 2022 were gazetted on 19 October 2022 while the Labuan. Labuan entities that undertake trading activities can no longer elect to pay tax at the fixed rate of MYR 20,000 and are instead charged 3% on net profits from their Labuan business activities for each year. Foreign tax paid may be credited against Malaysian tax on the same profits (limited) to 50% of foreign tax in the absence of a tax treaty). Allowing digital financial services (DFS) firms to operate within a live market environment, anchored on innovation, intermediation and financial inclusion. HNB bank’s payment gateway also uses secure payment channels and state- of-the-art-technology along with several other. 8% (FPX, credit cards and debit cards) Accept payments via FPX, credit cards, debit cards, e-wallets and direct debit (e-Mandate) iPay88 is one of the pioneer payment gateways in Malaysia. It offers a range of features, including support for. 5. It collects customer data securely and sends it further to a payment processor to complete the transaction. Email: [email protected] Phone: +603 2783 9191 (Labuan Division) Whatsapp Us: +6012-203 1143. It already accepts payments from more than 100 countries and is expanding rapidly. Totally tailored for 1,300+ professions. PayPal. In Sri Lanka, a payment gateway provider should be fully certified, Central bank approved, bank-backed secured, needs to be PCI-DSS compliant and fully secured with the highest standards of security such as SSL 128-bit encryption etc. 7/5. Since payment gateways are the digital versions of banking services, several banks provide online payment processing services. Non-trading (investment holding) companies are not subject to tax; Malaysia resident companies are subject to 17% corporate tax for chargeable income below MYR 500,000 and 24% for incomes above this threshold; Capital. Most Exciting Things to Do in Labuan Bajo. Labuan Payment System Operator Company Page 1 of 9 HEALY CONSULTANTS GROUP HOLDING PLC SINGAPORE | UEN: 201623711R Client to provide Address to be provided Date: Wednesday, April 28, 2021 Invoice No: 2019 – 10 – 008p Professional services for Labuan PSO company (without travel) Notes Year 1Other Labuan tax and accounting obligations. Flores’ exotic beauty – land and underwater – and rugged charm are well known to the world. Net, Square, Amazon Pay, 2Checkout, Braintree, and Helcim stand out as the best gateways with these qualities. Software-as-a-service (SaaS) providers. Lite Plan: 3. Payment is processed successfully and the customer is redirected back to the merchant’s app/website. The Labuan International Business and Financial Centre (IBFC), the entity managing Labuan, hopes these changes will increase the region’s business. Labuan entity for the basis period for that year of assessment. FACILITIES: Indoor and outdoor seating, card payment facilities, wifi. 2. 5% and 25 cents per online or manually. Anytime support. 1. Online payment gateways are cloud-based software while in person retail gateway's are often included in POS systems. e. Before moving forward with the process our team of dedicated consultants. 2. Corporate tax in Labuan is levied only on trading companies at 3% of audited net profit for income sourced outside Malaysia. A payment gateway also provides encryption for data protection, integration with various payment methods, and the real-time processing of transactions. In physical stores, it’s the point-of-sale (POS) terminal where the card is swiped or a phone is tapped. Get super-fast and super-secure online payments from just about anywhere in the world with South Africa’s most-loved payment platform – letting you get on with the business of running your business. Bank SwiftCode and Rentas Code Delivery Shipping FPX GST Malaysia Malaysia Bank Malaysia Payment Gateway MYCYBERSALE Online Business Tips Online Store Case. STIC LTD is authorised and regulated by the. (5056 reviews) Protect your small business with NEXT Insurance. Global E-wallet service provider, STICPAY, has acquired its Labuan Financial Services Authority licence and has successfully been registered as a money brokering and payment system operator that. Labuan Financial Services Authority (Processing and Approval Fees)(Labuan Financial Institutions) Order 2012. UPI Intent. Net. As one of the most widely-used payment gateways worldwide, Stripe Payments is ideal if you serve international customers. With Razorpay, you don’t need to pay any setup or annual maintenance fee. Stripe is an Irish-American payment service provider that is headquartered in California. Labuan Financial Services Authority . Why Invest in Labuan Bajo. These e-payments can be made online or offline via a website or at an actual brick and mortar retail. It is one of the most popular payment gateways the world over, including in UAE. It is the equivalent of a physical point-of-sale (POS) terminal in a shop or restaurant. 8%. Online payments built to build your business. Labuan is a special region of the country that provides numerous tax advantages to businesses registered here. 8. SERVES ALCOHOL: Yes. Intro. 04. Out of the total number of DFS providers in Labuan IBFC, the majority were licensed to provide digital currency trading platform, issuance of digital token and e-payment system or e-wallet. net charges a $25 monthly gateway fee plus an all-in-one transaction charge of 2. Information on the past. Either way, Omada does not mark up the fees at all. Get Started Today. 1. The key to this approach is that Labuan Financial Services. It was launched in 2014 and facilitates payments in more than 120 currencies and supports approximately 30 languages. Any other application submitted by a licensed entity including the lodgement of a form or a document for. Whatsapp +97142367868A payment gateway is a mechanism that communicates transaction information between the customer and the merchant. On 14 December 2022, the Labuan Financial Services Authority (LFSA) issued the Guidelines on Technology Management, which will come into effect on 1 January 2024. 8, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur,Malaysia. Payment gateways from Stripe, Adyen, Helcim, PayPal, Square, Braintree, Chase and Authorize. Labuan entities to deal with local currency and local residents and the imposition of restriction on tax deduction for payments made to Labuan entities. 30). correct and complete payment details. (A) 495/2012. The bank then authorizes the payment. A payment gateway often provides other services, such as fraud detection and prevention systems, billing integration software, etc. This presents enormous opportunities for Labuan bank serving as gateway for the capital and investment between Asia and the rest of the world. All data transferred through the payment gateway is encrypted, meaning that it’s highly secure and can’t be accessed by anyone other than the business and the customer. They offer numerous beneficial features that can help in increasing sales by easing. MB/21/0078). The Covid-19 pandemic took the world of eCommerce by storm, as online sales hit $5. The town is the gateway into the charm of Flores to complete travel from the west. Labuan Bajo is an area in Flores, Indonesia. 2. There are top 10 online payment gateways in Bangladesh, including Walletmix, Portwallet, Aamarpay, Sslcommerz, Shurjaypay, 2checkout, and others. Key features. 12 References to "Labuan entity" means a "Labuan entity" referred to in paragraph 2B(1)(a) of the LBATA. 2 Labuan FSA may specify and direct other Labuan financial institutions that undertake DFS to observe the requirements of the Guidelines where relevant. China Construction Bank Malaysia Berhad. From here, the merchant can collect their funds. With a presence in 120 countries, the payment gateway accepts digital payments and is available in 30 languages. M & K Labuan Ltd is a Malaysian based Trading and Management Company. 13 The Income Tax (Deductions Not Allowed for Payment Made to Labuan Company by a Resident) Rules 2018 were amended by the Income Tax (Deductions Not Allowed for Payment Made to Labuan Company by a Resident) Rules 2018. PesaPal. GET STARTED. For starters, if you’re looking for a gateway into banking in the Middle East or Asia, but you’re struggling to open elsewhere, Labuan may be the solution. You can start to depart from Labuan Bajo, Lombok, and. Here are some key highlights: Pricing and Other Fees: Annual Fee: None. Authorize. However, if only want to enjoy the Varanus Komodoensis, which has been determined to be one of the World's Seven Wonders of Nature, in its natural habitat. net. The city is also the main gateway to start the Komodo island tour. Would the operational office of a Labuan company in Labuan require a signboard atGateways are commonly used by SAAS enterprises to collect recurring revenue. At present, three banks are offering online payment gateway services. It is an accepted payment gateway in more than 203 countries. Full analysis about mklabuan. Revolut – Best for low transaction fees. There are 3 operators running ferry services connecting Labuan island to Sabah, Malaysia & Brunei Darussalam. Some payment portals don’t charge a monthly fee and charge a higher transaction fee instead. Get a Quote. Key-in: 3. For example, a credit card gateway sends a request to the customer’s bank for the. Welcome to G DEX Online e-Payment Gateway. Sabah and FT Labuan Kota Kinabalu Branch, Ground Floor, Menara Hasil Jalan Tunku Abdul Rahman,88600, Kota Kinabalu, Sabah Kuching Branðl, Payment Counter, Level I Menara Hasil, NVI'. Choose Net Banking for a convenient experience. The. As an online merchant, when you opt for Cashfree you get: 1. Citibank Berhad. These e-payments can be made online or offline via a website or at an actual brick and mortar retail. It is a fishing town near beautiful waters and is the gateway to the very popular Komodo Island. Annual fee for payment system which had been authorised by the Authority under section 171. 9% and 0. a) Payment to various merchants / service providers. of Pages: 152. Login Credentials: Connecting to an Elavon account requires a set of unique login credentials. Asia Digital Bank Ltd. 0%. Authorize. Powered by a team of true experts, the. (vi) Labuan payment system established under Part XI of the LFSSA. HDFC Bank’s SmartHub Payment Gateway is a one-stop solution for your new-age, digital-first business that allows you to send and receive payments seamlessly. Make payments online from any of the 42 Banks. A payment gateway is a tool that securely validates your customer's credit card details, ensuring funds are available for you to get paid. The platform offers a wide range of payment solutions for businesses of all sizes, including e-commerce businesses, travel agencies, utility companies, and government institutions. Deutsche Bank (Malaysia) Berhad. Any foreigner who wants to do business in Labuan can set up a subsidiary, an independent entity that respects the company’s rules and activities, and also the laws in Malaysia. Setup: Free. Stripe – Best for reporting. From here, the merchant can collect their funds. U. Featured On. Stripe. In this regard: Section 4 of the LBATA imposes a tax rate of 3% for a Labuan entity carrying out a Labuan trading activity; and. It transfers the data between the point of entry – either a terminal, website, or mobile device – to the payment processor to continue the payment lifecycle. It provides 120+ payment modes such as Credit and Debit Cards (Visa, Mastercard, Rupay, AMEX, Diners), Net Banking (65+ banks), Paytm and other wallets,. 1. PayPal also charges 2. From online payment processing portals on websites, to card-reading technology in retail stores. Email: [email protected] Phone: +603 2783 9191 (Labuan Division) Whatsapp Us: +6012-203 1143. An eCommerce payment gateway is a technology that securely processes online payment transactions between a buyer and a seller. This digital portal authorizes and processes payments in multiple currencies, enabling businesses to easily conduct and expand their business globally. Customers can use the app to conduct business online, pay bills, withdraw or deposit cash from POS terminals nationwide, and much more. Plans free and up. Save your money with discount and. HWGG Capital is also registered as a payment system operator under Labuan FSA, which allows payments to be made online between accounts. Labuan Financial Services Authority . Choose to make payments to over 10,000 JomPAY Billers About. The Labuan Companies (Amendment) Act 2022 recently came into force on 10 June 2022. 100% SEcure Daily Payout *Demo of our gateway , without OTP & 100% Pure 2D:- *Easy dashboard management:- M & K Labuan ltd offers best 2d payment gateway with high. 1. Choose to make payments to over 10,000 JomPAY Billers. Amazon Payments. 011-26290628. U. com. The jurisdiction, now home to 85 digital license holders, will offer an all-inclusive solution of a shariah-based digital regime leveraging on its leadership in Islamic finance, introducing socially based financial instruments KUALA LUMPUR, Malaysia, Oct. Faspay sebagai award-winning payment gateway dengan channel pembayaran terlengkap di Indonesia. There are 3 operators running ferry services connecting Labuan island to Sabah, Malaysia & Brunei Darussalam. 5. We tell our clients what they need to know, instead of what they want to hear. A virtual office in Labuan is recommended for foreign entrepreneurs who want to set up their operations with minimal costs compared to a traditional office. Labuan IBFC to be Asia's Leading Digital-Based Financial Gateway with Islamic Finance Capabilities Tweet KUALA LUMPUR, Malaysia , Oct. Integrate payment gateway to accept payments on the web and app. Labuan (/ l ə ˈ b uː ə n /), officially the Federal Territory of Labuan (Malay: Wilayah Persekutuan Labuan), is an island federal territory of Malaysia. 21. Stripe. 30 per transaction. ANZ Worldline. 3 | CC Avenue. Labuan Office Registered Address: Level 15 (A1. Square. 2. Needless to say, these changes in the Labuan tax regime have posed many challenges and uncertainties to Labuan entities. c) does not have any significant accounting. A payment gateway is a technology that securely processes online payments from customers. Next, the payment gateway verifies your customer’s card details and checks if they have sufficient funds to make the payment. Labuan: CIBBMYKA: CIBBMYKA: Maybank International (L) Ltd. A payment gateway is what businesses and merchants use to accept credit or debit card purchases from customers. 22, 2021 /PRNewswire/ — Labuan International Business and Financial Centre (Labuan IBFC) is. It will take at least 2 weeks to open an account. The service uses FPX as a Gateway for users to pay taxes. 3 The Guidelines are to be read together with the requirements under relevant. Tetra Consultants will register your company as an investment bank with the Labuan FSA by assisting in the preparation and submission of the relevant documents. BNP Paribas Malaysia Berhad. Spend at least MYR 20,000 of annual operating expenses in Labuan. 1. BROCTAGON PRIME MARKETS LIMITED. China Construction Bank Malaysia Berhad. We are an official & trusted local tour organizer based in Labuan Bajo Town - West Flores ; a gateway to lead you entering Komodo National Park and its surroundings. Step 4. Pulau Labuan. 5. L4-E-2, Level 4, Enterprise 4, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur. Key features. Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd. Deductions not allowed for payment made to a Labuan company - Amendment Rules The Income Tax (Deductions Not Allowed for Payment Made to Labuan Company by Resident) Rules 2018 (Amendment) 2020 (“2020 Amendment Rules”) has been issued,. (264) 4. PKL Jaya Sdn Bhd. Testing and QA. Incorporating a company in Labuan is the same concept as incorporating your company in Malaysia. Telr is among the most well-recognized names in the UAE market. 30 cents per successful credit card charge. Field 59:Beneficiary Customer-Name & Address Beneficiary: Web Commerce Communications Limited. Authorize. . Payment via VISA, Mastercard dan American Express issued in Malaysia. The differences between IBCs and Snd Bhd companies in Labuan will determine the business direction of a foreign entrepreneur in Malaysia. 8, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur,Malaysia. 5706858. The alternative is a direct integration with a merchant services provider, such as Stripe or. LL17331) is registered with the Labuan Financial Services Authority as a Money Broking and Payment System operator (MB/21/0073). The documents required include a business plan, referral letters by a professional and audited financial statements. Payment Gateway. (A) 482/2021 above, the IRB’s Labuan Branch has issued a letter dated 30 December 2021 to the Association of Labuan Trust Companies (ALTC), stating that LICT companies will be given an EOT up to 31 January 2022 to submit their ITRFs for YA 2020 and YA 2021. 11. The payment gateway’s job is to collect payment data, encrypt it, and send it to the payment processing network. 2C2P. Braintree. Multi-currency: In order to use DocuSign Payments with an Elavon payment gateway, multi-currency must be enabled on your Elavon account. 8, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur,Malaysia. It offers a user-friendly platform with simplified integration options. 10 Most Popular Payment Gateways in the USA 1. They are also the region’s leading online payment gateway that serves widely-used brands such as. Kami akan menjelaskan apa definisi dari payment gateway itu sendiri, bagaimana perkembangan teknologi dan cara kerjanya, apa keuntungan dalam. net: Best for fraud prevention. 2023 10:40 am. C. It facilitates the transfer of sensitive information, such as credit card details, between the customer, merchant, and bank. a LE CHIFFRE CAPITAL (L) LIMITED) 8 Alpha Data Ltd 9 ALTPAYNET (Asean) Ltd 10 Asia Digital Bank Ltd. 5. Rated 4. User need to register for internet banking service with any commercial banks listed as FPX associate. Using Authorize. He added: “Labuan IBFC is envisioned to become a digital-based gateway with Islamic finance capabilities for all global investors and players as the future of Islamic finance looks ever promising. No. Authorize. 9% + $0. Book and pay online with a secure payment gateway. e-Commerce is an online store to enable public to purchase and obtain land and survey related products. It provides 120+ payment modes such as Credit and Debit Cards (Visa, Mastercard, Rupay, AMEX, Diners), Net Banking (65+ banks), Paytm and other wallets, UPI via BHIM UPI, Google Pay, PhonePe, EMI options, Buy Now Pay Later. Main gateway to 5 stars resorts, such as Bungaraya. So, those who want to keep the cost low can opt for another gateway with a free merchant account. Bank of China (Malaysia) Berhad. The payment gateway bridges the gap between. 17th Floor, Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Federal Territory Labuan, Malaysia. Pure Equity Holding Company. SumUp – Best for 3G connectivity. Stripe: Best For Customization & Expandability Options. 22, 2021 /PRNewswire/ — Labuan International Business and Financial Centre (Labuan. If the payment is interest or relates to a. The Labuan LLP is a taxable entity for income tax purposes. In this regard, store owners really haven’t got much choice as the top tier of payment gateways is populated by a handful of. k. 8% or min. We offer you both a ready and tailor made tour packages to. 9% + $0. The only fee that clients will bear is the transaction or exchange rate fee charged by the bank or payment gateway. The US ecommerce revenue is forecast to grow $490. Open Labuan corporate bank account. 22, 2021 /PRNewswire/ — Labuan International Business and Financial Centre (Labuan. The bus operator that provides the route for the bus to Menumbok is mainly the Sipitang Express bus. Labuan is the gateway for travellers to the Labuan and serves by Malaysia Airlines, Air Asia, and Maswings. The 5 best payment gateway services. U. 3. Labuan Payment Service Provider Virtual Pay is a Pan-African Payment Service Provider, the fastest-growing in Europe, The Middle East, and Africa. 1. Payment Gateway: A means of authorizing credit card or other forms of electronic payments. Customer enters the UPI PIN to complete the payment. This means that 97% of any such payments will be disallowed to the Malaysian resident payer. 12, Jalan Yap Kwan Seng50450 Kuala Lumpur No. Go Snorkeling or Diving. (Labuan Investment Bank) 11. And one of the most preferred way of traveling to this tiny town is by taking a bus to Menumbok. Best payment gateways: quick menu. In person, a payment gateway is software built into physical card-reading devices in brick-and-mortar establishments. Kuala Lumpur / Wilayah Persekutuan, Labuan, Melaka, Negeri Sembilan, Pahang, Putrajaya, Perlis, Pulau Pinang, Perak, Selangor,. which is also a gateway to Labuan’s International Business and. Best Payment Gateway for India - Go Live Instantly. Alipay Plus. 22, 2021 /PRNewswire/ -- Labuan International Business and Financial Centre (Labuan IBFC) is rapidly revolutionising its digital offerings, entrenching its commitment. Product Description. The signing of the MoU was witnessed by Datuk Iskandar Mohd. 9% + $0.