Labuan


Also found in: Dictionary, Wikipedia.

Labuan

(ləbo͞o`ən, lä'bo͞oän`), island (1991 pop. 54,307), 38 sq mi (98 sq km), a federal territory of Malaysia, off Sabah, N Borneo, in the South China Sea. Coconuts, rubber, and rice are the main products. Victoria, the chief town, has a fine harbor and an airport and is the shipping center for much of N Borneo. Labuan was ceded to Great Britain by the sultan of Brunei in 1846 and became a crown colony in 1848. It was included in the Straits SettlementsStraits Settlements,
collective name for certain former British colonies in Southeast Asia. The three British East India Company territories of Pinang, Singapore, and Malacca (see Melaka) were given a unified administration in 1826 and called the Straits Settlements.
..... Click the link for more information.
 in 1906 and in 1946 was joined to British North Borneo, which became SabahSabah
, state (1991 pop. 1,736,902), 28,417 sq mi (73,600 sq km), Malaysia, N Borneo, on the South China and Sulu seas. It is bordered on the south by Kalimantan (Indonesian Borneo). The capital is Kota Kinabalu; other significant towns are Sandakan and Victoria.
..... Click the link for more information.
 in 1963. It was at Labuan that the Japanese surrendered to Australia in 1945.

Labuan

an island in Malaysia, off the NW coast of Borneo: part of the Straits Settlements until 1946, when transferred to North Borneo. Chief town: Victoria (or Labuan). Area: 98 sq. km (38 sq. miles)
References in periodicals archive ?
18 /PRNewswire/ -- XL Insurance Company Limited today announced that it has been granted a license from the Malaysian Federal Territory of Labuan to underwrite business in and through the Labuan insurance market.
Brooke s Point will likewie be explored as a source of workers for Labuan, a group of islands off the shore of Malaysian state of Sabah whose capital is famous as an offshore financial center.
The shutdown for 69 days at its Labuan plant, which produces hot briquetted iron (HBI), was due to a vessel collision with its ship loader system at its jetty.
028pc sulphur content, which loads at the Labuan crude oil terminal.
Syed Othman Alhabshi, who is also the Chairman of BNP Paribas - INCEIF Centre for Islamic Wealth Management (CIWM) Advisory Board said, "To tap the fast developing Islamic wealth management sector locally and globally, CIWM has taken this synergistic initiative to work together with Labuan IBFC to bridge both industry experience and Islamic finance knowledge for the benefit of all stakeholders.
ABOUT AIAK SWISS: AIAK Group, consisting of AIAK Finance AG, Zug, Switzerland, AIAK Capital Ltd, Labuan, and AIAK Malaysia Sdn Bhd, Kuala Lumpur, Malaysia specializing in the spectrum of corporate finance and merger & acquisition advisory services in Asia Pacific region.
The rationale for taking rating action at this point is largely attributable to the impact of the estimated net loss from the Thai flooding and of the loss from the company's indirect participation to the run-off Lloyd's Syndicate 1965 through ACAL Holdings Pte Ltd on the balance sheet strength of Labuan Re.
The Labuan Fire and Rescue Department has announced that it is fully ready to carry out search and rescue (SAR) operation to help the flood affected states in the country.
Dato' Ooi is presently also Chairman of Cagamas Berhad (the national mortgage corporation in Malaysia) and its subsidiaries; and Chairman of Xeraya Capital Sdn Bhd and Xeraya Capital Labuan Ltd.
Best Re has offices in Lebanon and Labuan, and subsidiaries in Senegal, Algeria, and Tunisia.
BEST RE Family was established in 2010, when Best Reinsurance Company (BEST RE) re-domiciled from Tunisia to Labuan, Malaysia, while at the same time separating its non-life and life operations into BEST RE (L) Limited and BEST RE Family, respectively.
HMPNGS Lakekamu was formerly the Royal Australia Navy Landing Craft Heavy HMAS Labuan, which was decommissioned from Australian service at a ceremony in Cairns last month.