Micro, Small and Medium Enterprises, MSMEs, are able to act as stimulators to economic growth as well as open up new employment opportunities. According to the preliminary report of the Business Economy Census 2016, MSMEs make up 96 percent of the 5,342 local enterprises, contributing around 35 percent of the overall revenue generated by local enterprises. Speaking at the Opening of the Brunei Darussalam Micro, Small and Medium Enterprises, MSMEs Festival, the Minister of Energy, Manpower and Industry as the Chairman of Darussalam Enterprise (DARe) stressed that local enterprises which designs the country's business landscape are also vital employers with an overall recruitment of around one hundred and 15 thousand employees.

Yang Berhormat Dato Seri Setia Dr. Awang Haji Mat Suny bin Haji Mohd Hussein stressed that the global era brings about new challenges and opportunities. Therefore, the long-term sustainability of enterprises is based on the ability to penetrate the overseas market and their respective innovations. Yang Berhormat added that vendors are urged to grab the opportunities and support services offered by the government, Darussalam Enterprise as well as one another. It is hoped that the MSMEs will mutually help each other as members of the local business community so that they can together enhance the position and contributions of MSMEs to the country. Yang Berhormat emphasised that there are various unique local goods and services and if promoted to the correct target market, can be developed as niche products and services. The government will continue its efforts to provide a conducive business climate for the development of local businesses including MSMEs and solutions to issues faced by vendors in conducting their daily business affairs.

In her keynote speech, Puan Noor Azian Romlan, Director of MATRADE at the Sabah Regional Office among other matters shared on the export business regulations and what is needed in building up an existing business for export. Among those present were Dato Seri Paduka Awang Ahmaddin bin Haji Abdul Rahman, Deputy Minister of Finance and Economy for Fiscal as the Deputy Chairman of DARe and Dato Seri Paduka Awang Haji Matsatejo bin Sokiaw, Deputy Minister of Energy, Manpower and Industry.

Over 200 local micro, small and medium entrepreneurs showcased their products and services. The festival held in Bridex Hall, Jerudong is open until this Sunday from 9 in the morning until 9 at night, except on Friday, when it will be closed from 12 noon until 2 in the afternoon.

Source: Radio Television Brunei