Facilitating Business is the second budget priority for the Financial Year 2019/2020. Yang Berhormat Dato Seri Setia Doctor Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Second Minister of Finance and Economy, while deliberating the Supply Bill 2019/2020 said that apart from enhancing the role and capability of the private sector, DARe also plays a vital role in generating a conducive business ecosystem.
Yang Berhormat said in upholding the nation's economic growth, emphasis will continue to be given to the private sector, specifically to enhance the role and capabilities of Micro, Small and Medium Enterprises, MSME's. The MSME's will indeed become the heart and engine that is capable of stimulating the nation's economic growth, and at the same time assist in the government's efforts in realising the Wawasan Brunei 2035. In providing solid efforts for the development of MSME's, Darussalam Enterprise, DARe play a vital role in generating a conducive business ecosystem economy aside from helping local entrepreneurs solve any problems faced, and assisting local MSME's to achieve their respective potentials. Brunei Darussalam's ranking in the World Bank's Doing Business 2019 report has improved to the 55th place from the 56th place in the previous year, with the improvement of the Ease of Doing Business score in 3 indicators namely getting credit, starting a business, and paying taxes.
In taking advantage of the Temburong Bridge construction that is expected to be completed by the end of this year, Yang Berhormat said that the Temburong District Development Authority, AKDT was established last year. The objective of AKDT is to plan, monitor and guide the development projects in Temburong District that can facilitate and enhance investment. At the same time, it provides spin-off opportunities from the development projects to MSME's apart from generating new job opportunities. Among the projects identified, are eco-tourism, agriculture, manufacturing and cultural sectors. Several allocations have been provided to maintain and improve IT systems service quality, amounting to 91 point 4 million dollars, including the Onebiz system under the Ministry of Energy, Manpower and Industry, Ease of Doing Business, national business service platform, the government data centre and infrastructure Cloud.
Source: Radio Television Brunei