As a duty free island, Labuan enjoys many special privileges and facilities. Besides great bargain shopping, the island offers plenty of business and investment opportunities. It has similar status with the other free trade zones in Malaysia. They allow raw materials and components used in manufacturing to be brought in and exported free of duty and taxes. Such easing of custom control allows many profitable entre-port activities to be conducted freely in Labuan. Ship building, ship repair, oil and gas are among the main industrial activities. Other fast growing sectors include banking and finance, tourism and education.
The name Labuan derives from the Malay word labuhan meaning harbour. During World War II, the Japanese called it Maeda, taken after their first commander of Japanese forces in northern Borneo Labuan. The island was historically one of the important surrender points.
Labuan serves as a hub for visitors landing via ferry from Brunei enroute to Jesselton Point.
Labuan marina Bay
Labuan Park near world world 11 memorial and beach front.