Asia's first offshore exchange to open in October

Malaysia''s offshore Labuan Financial Exchange hopes to raise funds for new technology firms, but can it succeed where Mesdaq has failed?

Elton Cane

August 22, 2000

Eight kilometres off the west coast of Sabah in the South China Sea lies Asia's only offshore financial centre. Formerly a British colony and now a federal territory of Malaysia, the island of Labuan will soon also be the site of Asia's only offshore stock exchange.

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