The Budget Bill for 2007 was enacted on 28 December 2007 as the Finance Act 2007. Launch of Labuan International Business and Financial Centre The Labuan International Business and Financial Centre (IBFC) was launched on 28 January 2008, signifying a new focus for Malaysia's financial centre. The launching of the IBFC comes after the Labuan Offshore Financial Services Authority (LOFSA) announced that it had embarked on a repositioning and rebranding exercise in early 2007 to constantly benchmark and re-evaluate itself with other financial offshore centres around the world. The Labuan International Offshore Financial Centre (IOFC) was first established in 1990...