Boost for Brunei’s business landscape

Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Mohd Amin Liew Abdullah cutting the ribbon at the launch. - BB

BANDAR SERI BEGAWAN (Borneo Bulletin/Asia News Network): Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Mohd Amin Liew Abdullah has hailed the role of the National Chamber of Commerce and Industry Brunei Darussalam (NCCIBD) in expanding market access.

The NCCIBD recently signed a memorandum of Understanding (MoU) with the China Council for Promotion of International Trade (CCPIT) Hainan Provincial Committee.

The move aligns seamlessly with the government’s commitment to various international engagement platforms like BIMP-EAGA and Asean+3, ultimately creating opportunities for local businesses to reap substantial benefits.

The NCCIBD’s steadfast support for private sector initiatives aimed at advancing economic and trade cooperation in the Sultanate was lauded during the opening of their new office at the Design and Technology building, alongside the launch of the NCCIBD website.

"Recognising the immense potential of NCCIBD, I firmly believe that fostering partnerships, nurturing commitments, and engaging stakeholders from both the public and private sectors are of paramount importance.

"These endeavours are crucial in realising the aspirations outlined in our Economic Blueprint,” the minister said.

NCCIBD President Abdul Saman Ahmad emphasised that the chamber has been actively engaged in various initiatives aimed at fostering regional and global collaborations throughout 2023.

Notable among these efforts are the successful signing of MoUs with the Borneo Economic Community, the Inner Mongolia Trade Delegates, and the Hainan Trade Delegates.

The partnerships exemplify the NCCIBD’s commitment to forging meaningful connections that transcend geographical boundaries, promoting economic growth and development within Brunei’s business network.

Abdul Saman also highlighted numerous other activities and endeavours listed on the NCCIBD website, showcasing ongoing efforts, including courtesy visits to international ambassadors in Brunei, further solidifying the commitment to establishing a global network that empowers the local business community.

Dato Seri Setia Dr Awang Mohd Amin Liew later cut the ribbon and toured the new NCCIBD office, marking a significant milestone in the Chamber’s continued efforts to bolster economic cooperation and trade initiatives.