Labuan International Business and Financial Centre and TRX City have agreed to a partnership aimed at strengthening ties between Malaysia’s two international financial hubs. The move brings together the offshore centre off Sabah and the Kuala Lumpur-based Tun Razak Exchange district as both compete to attract regional financial services business.
Key Facts At A Glance
- Labuan IBFC and TRX City have entered into a partnership to link Malaysia’s two international financial centres
- Labuan IBFC is Malaysia’s offshore international business and financial centre, established in 1990 on Labuan Island
- TRX City oversees the Tun Razak Exchange, Kuala Lumpur’s dedicated international financial district
- The announcement was made on September 18, 2026
- Full terms of the collaboration have not been publicly disclosed
Labuan International Business and Financial Centre and TRX City announced a partnership intended to strengthen connections between Malaysia’s two dedicated international financial hubs. Labuan IBFC, established in 1990 as an offshore centre serving cross-border business, and TRX City, which develops and manages the Tun Razak Exchange financial district in Kuala Lumpur, both operate as strategic pillars of Malaysia’s ambitions to grow as a regional financial services destination.
The two organisations confirmed they are joining forces to link the two centres more closely, though the publicly available announcement did not specify the operational mechanics of the partnership, its duration, or which specific initiatives it will cover.
TRX City has previously described Labuan IBFC as one of several strategic partners supporting the Tun Razak Exchange ecosystem, alongside Bank Negara Malaysia, the Securities Commission, the Malaysian Investment Development Authority, and the Asia School of Business. Labuan IBFC has separately pursued outreach partnerships in the past, including agreements with trust company service providers to expand its footprint in markets such as Greater China.
Publicly available information on the September 18 announcement remains limited, and no additional financial or regulatory details have been disclosed by either organisation at this time.