# Labuan IBFC Inc. and TRXC Sign MoU to Strengthen Malaysia's Financial Ecosystem

- Link: https://www.thailand-business-news.com/pr-news/labuan-ibfc-inc-and-trxc-sign-mou-to-strengthen-malaysias-financial-ecosystem
- Published: 2026-09-18T14:10:00+07:00
- Author: PR Newswire

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KUALA LUMPUR, Malaysia, Sept. 18, 2026 /PRNewswire/ — Labuan IBFC Incorporated Sdn.
Bhd. (Labuan IBFC Inc.) and TRX City Sdn Bhd (TRXC) today signed a Memorandum of
Understanding (MoU) to strengthen collaboration between Malaysia’s two international
financial centres and advance the shared vision of "1 Ecosystem, 2 IFCs". The partnership
brings together the complementary strengths of both centres to enhance regional 
investment, business connectivity and capital flows across Asia. The MoU was signed
at a ceremony in Kuala Lumpur this morning.

 [⌊Datuk Wira Sr Azmar Talib, CEO, TRX City Sdn Bhd and Ben Quah, CEO, Labuan IBFC Inc. at the signing ceremony alongside the witnesses⌉](https://mmx.prnasia.com/media/MS1991348/20260918003433EDT_image_1.jpg?id=OA2956954&p=medium600)

Datuk Wira Sr Azmar Talib, CEO, TRX City Sdn Bhd and Ben Quah, CEO, Labuan IBFC 
Inc. at the signing ceremony alongside the witnesses

Through the MoU, TRXC and Labuan IBFC Inc. will explore joint market development
initiatives, knowledge-sharing and research, promotional activities and investment
facilitation. The collaboration is intended to create clearer pathways for businesses
and investors to access the complementary capabilities of both centres, while strengthening
Malaysia’s proposition as a regional financial gateway.

The collaboration comes as businesses increasingly diversify their operations across
Asia and seek regional platforms that can support both their operational and cross-
border financial requirements. This is driving demand for more connected financial
ecosystems that bring together market access, capital, talent and specialised financial
capabilities.

Labuan IBFC Inc. is Malaysia’s international business and financial centre, serving
as a hub for cross-border activities including wealth management, investment and
financing structures, insurance, Islamic finance and digital financial services,
supported by its consolidated model. The establishment and regulation of Labuan 
entities are overseen by the Labuan Financial Services Authority (Labuan FSA), a
single statutory authority under the purview of Malaysia’s Ministry of Finance.

Labuan IBFC is currently home to approximately 5,000 operating companies. Its growing
status as a premier international hub is reflected in the Global Financial Centres
Index (GFCI), where its ranking climbed significantly from 55^(th) to 44^(th) out
of 139 global financial centres this year.

TRXC, a wholly-owned company of Minister of Finance (Incorporated), is the master
developer and steward of Tun Razak Exchange (TRX), Malaysia’s International Financial
Centre. Beyond developing and managing the district, TRXC plays a catalytic role
in advancing TRX as a strategic platform for investment attraction, financial sector
growth and ecosystem development.

30,000 workers are now based in the 70-acre district, representing a wide range 
of industries – from global financial institutions and technology giants, to leading
multinational corporations, luxury brands, and high-impact AI-driven industries.
More than 120 firms now call TRX home, as the IFC serves as a gateway connecting
businesses, capital and talent to opportunities across Malaysia, ASEAN and the wider
region.

The MoU signed today provides a platform for both parties to explore opportunities
that leverage complementary capabilities and create greater choice, access and connectivity
for businesses and investors operating across the region.

Ben Quah, CEO of Labuan IBFC Inc. commented, "As capital flows across Asia become
increasingly intertwined, businesses and investors are looking for financial ecosystems
that offer complementary capabilities and greater flexibility. Our collaboration
with TRX strengthens Malaysia’s proposition by connecting two centres with distinct
but complementary roles, creating new pathways for businesses, investors and capital
to access opportunities across the region."

Datuk Wira Sr Azmar Talib, CEO of TRXC commented, "Malaysia’s competitive advantage
lies not in a single institution or location, but in the strength of its overall
ecosystem. By bringing together TRX’s ecosystem of institutions, businesses and 
talent with Labuan IBFC’s specialised international financial capabilities, we are
strengthening Malaysia’s value proposition as a connected financial gateway for 
regional and global investors."

Given its unparalleled regional connectivity, growing digital financial services,
robust regulatory frameworks, as well as its established leadership in Islamic finance,
Malaysia is well positioned to connect specialised financial capabilities and facilitate
regional capital formation, investment and expansion.

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