Labuan , officially the Federal Territory of Labuan is a federal territory of Malaysia. It is made up of the eponymous Labuan Island and six smaller islands, and is located off the coast of the state of Sabah in East Malaysia. Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region. It is also a tourist destination for people travelling through Sabah, nearby Bruneians and scuba divers. The name Labuan derives from the Malay word labuhan which means harbour.Labuan is often referred to as the pearl of Borneo.
There are several attractions and places of interest on Labuan. The Labuan War Cemetery contains various war graves and memorials to the fallen of World War II. This includes British, Australian, Indian, Sarawakian, Bruneian, North Borneo and Empire troops, making it the largest war grave with 3,908 graves of fallen soldiers. A memorial service is held on Remembrance Day once every 4-year.
There is also a memorial celebrating the surrender of the Japanese to the Australian Forces in 1945. There are also remnants of Labuan's history as a Royal Navy coaling station, including the chimney, a well known local landmark. There is also a Labuan Maritime Museum.
Labuan is also the base for diving on four popular wreck dives: the Cement wreck, the American wreck, (the first USS Salute), the Australian wreck and the Blue Water wreck.
Labuan has many schools. However, it has only one international school, Labuan International School.Other places of interest include the Labuan International Sea Sport Complex. Newly proposed is the Marina centre and Labuan Square project which are completed in 2010.
Labuan's own institution of higher education is Universiti Malaysia Sabah Labuan International Campus a branch of Universiti Malaysia Sabah in Sepanggar Bay, Kota Kinabalu. Labuan also has a matriculation college, Kolej Matrikulasi Labuan, the only matriculation college in East Malaysia. Thus, all pre-university students from Sabah, Sarawak and Labuan will take their courses here.