Shell sets up regional treasury centre in Labuan

Shell Malaysia has chosen Labuan as the location for its regional treasury centre, and looks to eventually expand its treasury services to other Shell Group Companies.

Elaine Leong

December 08, 2000

Shell Malaysia has launched a regional treasury centre (RTC) in Labuan, following an announcement to invest M$20 billion ($5.26 billion) in Malaysia over the next five years. Shell Treasury Malaysia (L) Ltd - an offshore company incorporated in Labuan, will conduct treasury services, including cash management, foreign exchange and interest rate risk management for Shell Malaysia, and eventually for the other Shell companies for the Near and Middle East.

"This will allow us to centralize debt funding within a single treasury and tax-efficient lending company for the Shell Group's operations in Malaysia," says Lim Tau Kien, corporate treasurer for Shell Malaysia.

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