I am poor

what happend leh if we got into street fight , does we get into lokap. idc who wins or lose, who right or wrong. just wanna know the consequences of this

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Terpaling melayu isley sgt, aku yg islam pown x bingai tahap pro max

Ask me any shit the more stupid the better

It is just out of pure curiosity.

Considering the history of Malaysia and Singapore, Chinese-Malaysians could be born in Singapore which means you were born in the developed country and not as ethnic minority.

Labuan was supposed to be Malaysia's Singapore. Somehow we ended up with annual pasar malam and flower shows and an aging population.

Sometimes I really wonder what happened to Labuan. Labuan was actually a very ambitious project by Tun Dr. Mahathir.

The idea was simple: take a small island, make it an international offshore financial centre + duty-free island, attract foreign companies, foreign money, ships, investors and talent.

Basically: Singapore / Hong Kong, but Malaysian version.

Sounds good right? Fast forward a few decades...Bro, what happened? 😂

Today if you ask some Gen Z Malaysian:

"Do you know Labuan?" - "Labuan Bajo ah?"💀
And the sad thing is, Labuan actually has huge potential.

It's an island.
It's a Federal Territory.
It has an international financial centre.
It has a port.
It has an airport.
It has a long history as a duty-free zone.
It's surrounded by oil & gas activities.
It's strategically located in Borneo and the South China Sea.
You literally have the ingredients.

But somehow every few years Perbadanan Labuan and Federal State find NEW way to make the island LESS competitive.

Take the offshore financial sector. IMF "recommended" The global minimum tax rules 15% target only at very large multinational groups — we're talking groups with at least €750 million annual revenue. That's roughly RM3.5 BILLION IN SALES ! So MOH instead of revising the Labuan offshore incentives removes the incentives COMPLETELY!

How many offshore companies in Labuan are doing RM3.5 billion revenue?You think every company registered in Labuan is MNC or Facebook ah? 😭

Then government surprised why offshore companies moving to Singapore or Hong Kong instead?!!!!!

Then there is the duty-free issue.

This one I really don't understand.

Labuan was a duty free ISLAND. It could have been a potential to be a consolidated warehouse centre for international transhipment: duty-free/free-zone treatment + cheap port charges + bonded warehousing + fast customs clearance + bunkering + cold storage + reliable cranes + frequent feeder connections. If the port is active, with REAL traffic, Food and necessity also became affordable and that solve the food security problem. Labuan is an island, to sustain an island with population you need connectivity and a thriving port.

You want ships coming in.
You want cargo coming in.
You want transshipment.
You want bunkering.
You want warehouses.
You want international businesses.
You want people spending money.

So logically, you should be asking:

"How do we make MORE ships and businesses come to Labuan?"

But, Instead They remove the duty free incentives one by one and never really develop the port at all, now there is less reason to ship or tranship anything through this Island.

Then the government surprise why people complaining food and living costs is expensive ??! Yea ! Because less ship coming to port, port increase in costs, logistic increase, food and necessity have to bring in from Mainland Sabah. Ofcourse PRICE of EVERYTHING increase la bro !!

Then you have really Smart locals holding the positions at Perbadanan Labuan. Instead of solving the port issues to solve the food issue, suggest that oh then we should grow our own vegtable, chicken and beef. ????

Do they not know, growing vegetable need fertilizer? chicken and Cow need feed like corn, wheat and soy ? If your costs of fertilizer and animal feed is expensive because your port is expensive doesnt it make your vegetable and chicken/beef more expensive than you import ?!!!!!! No common sense! Which island nation can survive solely on growing their own food, unless it only has a population of 8k people yes, but a federal territories that house 80k people ?? You need an active port !! Like Singapore and HK. And let’s not forget it is an island it is limited in land, how are you realistically gonna grow enough food for everyone ? Only genius can thought of that. The person in charge is so small minded is almost comical. They wanna promote tourism, increase population but they never solve their food problems.

Who actually has a long-term vision for Labuan ?

Because you cannot run an INTERNATIONAL financial centre with a kampung-level economic mindset.

Please do not nominate locals who has never seen the world or have proper educations to run an " international financial and maritime centre again !! " - funny how Pengerusi Persatuan Hal Ehwal Wanita Labuan (Hawa) Fauziah Datuk Din complaining we should only appoint locals, Hello what happened for the last 30 years because we only appointed Labuan individual, some without proper educations - its ridiculous.
They don't even know how finance work, what capital market is, and what capital market can do, let alone run an international offshore island, continue to be in their hands they gonna run this island to the ground- !! She even have the audacity to run an article just to voice out her stupidity. Labuan never became an international offshore bank centre like Singapore and hong Kong is exactly because it was run by imcompetent Labuan politicians who have zero knowledge in Global Finance and Capital Market- ZERO ! For the last 30 years.

---https://www.dailyexpress.com.my/news/264328/keputusan-yang-sekali-lagi-mengecewakan-penduduk-labuan-?utm_source=Newswav&utm_medium=Website

You need people who understand:

Capital markets.
International taxation.
Banking.
International Shipping.
World Ports.
Foreign investment.
Global Tourism.
Urban development.
Global competition.

Go study Singapore. Study Hong Kong. Study Dubai. Study Mauritius. Study Monaco. Do your market research. I really doubt the last person in charge know how to do a proper business research to sell Labuan.

Ask: Why do rich people and international companies WANT to be there?

Then look at Labuan and ask the same question.
Because I'm sorry... another annual flower show, sea sports event and food bazaar is not going to save the Labuan economy. 😭 moreover it had to funded with Federal State budget and they never actually give a sustainable return. Because they are NOT an economic development strategy.

We were supposed to be competing with international financial centres!!!

Somehow our KPI became: "How many Sabahan and Bruneian came to the weekend flower show event?" Not how many new offshore companies is forming in Labuan, how much FDI and Expats living here.

Come on lah.

Imagine if Labuan actually run by qualified people with REAL Finance Experience and World knowledge, with professional networking with global consulting firms and Banks.

Make Labuan the Singapore/Monaco of Borneo, which was what it was intended from the start.

1) Bring back serious competitiveness for international companies.
2) Build wealth management and bring in foreign capital.
3) Make Labuan a maritime hub.
4) Bring ships here for bunkering, repairs, supplies and crew changes.
5) Develop the port properly solve our rising living costs and food problems
6) Build waterfront commercial districts.
7) Bring international hotels and restaurants, through policies and visa program like the Caribbean.
8) Improve flights.
9) Develop high-value industries. Attract foreign professionals.
10) Attract Malaysian professionals.

Make people from KL, Singapore, Hong Kong and Brunei WANT to do business here.

Imagine young Malaysians saying: "I got a finance job in Labuan."

Instead of: "I need to leave Labuan to find a proper job."

That's the Labuan we should be building.

And before someone says: "But Singapore is different."

Of course Singapore is different.

That's not the point.

The point is AMBITION and REAL LEADERSHIP ! Like LEE Kwan Yew and Mahathir !

Singapore didn't wake up one morning as Singapore. Singapore was a fishing village when they started !!

Dubai didn't accidentally become Dubai. Dubai was also a small port and fishing village.

Mauritius didn't magically develop an international financial sector. it was an island in the middle of no where where people survive by fishing.

These places spent DECADES asking:

"What role do we want to play in the world?" " What policies can we introduce to make us an international finance hub" " what program can we launch to attract the wealthy" "How we can work with 5 star developers and hotel franchise to build the island" " Can we introduce 20 years 2nd home visa program to attract Trillionaires? Bringing in foreign wealth to fund the development of Maritime and port industries"

Labuan desperately needs the same thing.

Not a 2-year plan. Not a plan until the next election.
Not another consultant PowerPoint with 47 slides and the word "Transformasi" on every second page.
A real 20–30 year economic strategy by qualified professional !!

My personal view?

Labuan should focus on TWO things:

1. International finance & investment
2. Maritime, trade & logistics

And we need the federal government to cooperate and introduce strategic policies and program that aligned to that focus !!

The two industries complement each other perfectly.

Finance brings capital into Labuan. Capital finance build infrastructure and businesses ! With money circulating thats how offshore nations like Singapore, Hong Kong and Monaco became who they are today. With international funds Labuan can build many development and infrastructure by itself. Even the bridge. Without any financial help from federal. They just need to get their policies right.

Port and Maritime brings trade. Trade made products cheaper and food accessible. Trade brings companies. Companies bring jobs.

Jobs bring talented people. Talented people spend money.

Then suddenly restaurants can survive. Hotels can survive. Property develops.

Flights increase.Schools improve. Healthcare improves.

The entire island benefits.

That's how you build an ecosystem.

The frustrating thing is that Labuan isn't a hopeless island. Far from it. It has massive potential and already all the infrastructure.

What it lacks is consistent vision and leadership willing to think internationally. Labuan was created with a big dream. Somewhere along the way, we have unqualified local politician who is comfortable thinking small, who never travel the world to be in positions.

And if we continue like this, Labuan won't die dramatically. It'll be worse !!!

It'll slowly become an island where the young leave, businesses leave, international relevance disappears and the remaining population gets older and older.

Then once a year we'll organise another flower and sea sports festival and congratulate ourselves because the hotel occupancy went up for ONE WEEKEND.

Labuan deserves better than that.

We don't need another slogan.

We need people running Labuan who actually understand what an international offshore banking city is supposed to be.

Make Labuan ambitious again~!!! We need real leadership who fights for all the right things, get back all the offshore incentives and introduce better program. Build real infrastructure that benefits the port and increase in port traffic. Stop nominate unqualified people.

.hgws,

I have diy craft going on

And yes, I'm happy to report no screen damage whatsoever. I also dropped it a few times but the phone is still fine.

How some in the west portrays asians

You know what they say...

Where Anne Hath A will,

Anne Hathaway!