Government Linked Companies, GLCs play a very important role in Brunei’s business landscape as they provide employment opportunities and potential partnership for local Small Medium Enterprises. Private companies play a big role in this as well. Over the last few years, Brunei has attracted interest from various international firms to invest in the country, notably from Canada, China, Japan, Malaysia, Taiwan and Turkey. Industries of investment include food processing, manufacturing and tourism among many others. Awang Haji Khairuddin bin Haji Abdul Hamid, Permanent Secretary For Investment at the Ministry of Finance and Economy was speaking at the Borneo Bulletin Yearbook, BBYB 2019 Business Networking Session Event.

The networking event showcased industry leaders from the energy, banking, communication, automotive, Foods and Beverages and business services as well as from the government, private sectors and GLCs. It aimed to give captains of industry, government officials and budding SMEs and MSMEs a platform to meet, exchange ideas and form partnerships to further enhance Brunei’s economic diversification efforts. The Borneo Bulletin Yearbook will continue to publish yearly and to provide a platform for Brunei to show the international community its business and investment opportunities. Themed ‘Building Bridges, Gateway to ASEAN’, the event focusses on the government and private sectors efforts in transforming the country into a physical and digital business gateway to ASEAN and beyond.

Source: Radio Television Brunei