Labuan is an island with an estimated population of 100,000 people. It's quite a close community where everyone knows everyone. The main town is known as Labuan Town (Bandar Labuan in Malay) but was formerly known as Victoria during the colonial era. Labuan Town is among the cleanest towns in Malaysia. You will observe the Labuan Corporation (local authority) workers diligently doing their job. Labuan was proclaimed a Federal Territory on 16/04/1984 and declared an International Offshore Financial Centre on 1/10/1990. A few of the major businesses that are run on the island include international offshore banking, steel mills, a methanol plant, floor tiles production, flour mills as well as offshore supplies. Because of these major businesses, Labuan has many non-Labuan natives that work here. It is also a tourist destination for people traveling through Sabah, nearby Bruneians and scuba divers. The name Labuan derives from the Malay word labuhan meaning harbour.
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