Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 10:05, June 17, 2006
Malaysia redefines economic role of Labuan island
font size    

The Malaysian government has redefined the economic role of the Island of Labuan, hoping to turn it into a halal hub as well as an important gas and petroleum hub, an official said Friday.

The Federal Territory of Labuan, which was previously more known as the offshore financial center, should be given a new economic focus, said Federal Territory Minister Zulhasnan Rafique.

"This will attract more people from the Peninsular Malaysia, Sarawak and Sabah to the island," Zulhasnan told reporters here.

Zulhasnan added the plans are part of the government's intention to bring prosperity to all the three Federal Territories, which also include Kuala Lumpur and Putrajaya, under the Ninth Malaysia Plan (2006-2010).

The government will also make efforts to develop the tourism and education sectors in Labuan.

The Island of Labuan, which used to be part of Sabah state in eastern Malaysia, became a Federal Territory in the year 1984.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved