State Labuan Federal Territory

Victoria is the capital of the Malaysian Federal Territory of Labuan, an island off the north coast of Borneo, though the term Bandar Labuan (Labuan City) is more prominently used than the former.

The Financial Park along Jalan Merdeka houses the international offshore banks, insurance and trust companies. In 2012 Labuan has a population of over 85 000 many of those coming from around Malaysia (West/Peninsula Malaysia, State of Sabah & the State of Sarawak) and the number is still growing.

There is also a 1,500-seat capacity convention hall and a large shopping mall. This modern complex is reputed to be the only one of its kind to be found in any International Offshore Financial Centre in the world and Labuan Port Jetty.

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