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If you are looking to start a new career or just looking for a change of scene, find your perfect job by searching the latest vacancies within your sector. Simply click on the drop down links on the left hand side of this page and search by geographic region, salary band or job title.
Opportunities are available in Europe, The Caribbean & The Far East.
Are the islands of Labuan right for you?
The Federal Territory of Labuan is part of Malaysia and comprises seven small islands of which Pulau Labuan is the largest. Labuan lies off the north-west coast of Borneo and not far from Brunei Darulssalam. It is located on the major shipping and air routes of the Asian Region and is Malaysia's only deepwater anchorage. Labuan has a tropical climate, which is warm and humid throughout the year. Daytime temperatures average 30°C with two seasonal monsoon periods stretching from April to June and from September to December.
Population
The Island of Labuan covers an area of approximately 92 sq km, and has an estimated population of 75,000. The largest town and financial centre is Labuan Town.
Political Structure
Labuan was ceded to the state of Sabah in 1963; subsequently its administration was handed to the Federal Government of Malaysia in 1984. Malaysia consists of thirteen states and two federal territories of Kuala Lumpur and Labuan. Malaysia has a complex political system with power retained in the hands of nine hereditary sultans, who elect a head of state every five years from among their number. Legislative power is in the hands of a bicameral parliament comprising of a House of Representatives (Dewan Rakyat) and a Senate (Dewan Negara), Executive power is held by the Prime Minister who governs with the assistance of a ministerial cabinet.
Infrastructure and Economy
The Nation is economically strong and politically stable. Under the guidance of LOFSA (the Labuan Offshore Financial Services Authority) the Malaysian authorities have invested heavily into the improvement of Labuan's physical infrastructure, which is completely modernised and provides a state of the art telecommunications system including an Internet Gateway which provides an e-commerce platform. More than 50 of the world's top banks have branches in Labuan.
Language
The Official Language is Bahasa Malay. However, English is widely spoken.
Currency
The Malaysian currency is the Ringgit.
Exchange Control
None.
Law
The Malaysian legal system is based on the English model. Special laws applicable to the offshore industry in Labuan have been enacted. Arbitration is permitted. Disputes are heard in camera. Final appeal lies with the Supreme Court.
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Disclaimer
The materials contained on this web page are provided for general information only and do not constitute any form of legal definition or advice. IFC Recruitment assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site.
References
1. Wikipedia profile: Labuan
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