BUSINESS

LABUAN TO RETAIN DEVELOPMENT BLUEPRINT 2030

01/02/2023 04:13 PM

LABUAN, Feb 1 (Bernama) -- Labuan Corporation (PL) will retain the Labuan Development Blueprint 2030 to drive the duty-free island’s economic growth.

“Labuan has a long-term development plan until the year 2030 via the blueprint prepared by PL.

“The plan will strengthen and diversify Labuan’s economy,” said chief executive officer Rithuan Ismail during an interview on Bernama TV’s The Brief programme in conjunction with Federal Territory Day today.

Labuan should not depend only on international finance and the oil and gas industry, he added.

“Tourism is a major initiative under the blueprint as Labuan is a duty-free island with potential tourism assets,” he said.

To realise the blueprint’s goals, development action plans have been prepared based on the plan’s five main thrusts, encompassing finance, oil and gas, tourism, education, and the civil service, he added.

And in line with turning Labuan into a ‘Smart and Sustainable Island City’, the Federal Territories Department has prepared the Labuan Smart City Blueprint. 

“This will support the island’s digital economy based on the Internet of Things (IoT),” he said.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy