41.   It quoted Prime Minister Mahathir Mohamad as saying that the exchange will allow the listing of offshore companies, Labuan-based mutual funds and international companies.

42.   It also recommended opening possibilities for offshore companies to locate here and creating duty-free trade zones at the international airport and harbor.

43.   Labuan would be given an upliftment if the issuance of exemption orders is linked to the remittance of funds through Labuan offshore companies.

44.   Many residents fear a move to independence could damage that by stealing the stability that draws insurance firms and other offshore companies.

45.   Other businessmen said that because they were prevented by Israeli rules from traveling to the territories, they had set up offshore companies in Cyprus and Jordan to invest.

46.   Others includecorporate and management services such as property and portfolioinvestment management and secretarial services such as incorporation andadministration of offshore companies.

47.   Residents are torn between becoming a free state and retaining British backing, which draws tourists and gives offshore companies the confidence to do business here.

48.   Residents are torn between becoming a free state or retaining the backing of the British Crown that draws tourists and gives offshore companies the confidence to do business here.

49.   The company also arranges the incorporationof offshore companies in Labuan, offers the services of resident secretaryand resident director to these companies.

50.   The bulk of trust business in Labuan is now centred on the incorporationand administration of offshore companies.