Brunei News Gazette

Post: Yang Berhormat Pehin Emphasizes Economic Diversification in Royal Speech

Bandar seri begawan: The importance of diversifying economic growth resources was highlighted in the Motion for Royal Speech by Yang Berhormat Pehin Datu Lailaraja Retired Major General Dato Paduka Seri Awang Haji Halbi bin Haji Mohd Yussof, Minister at the Prime Minister's Office and Second Minister of Defence.

According to Radio Television Brunei, the initiative involves aggressive and strategic implementation aimed at achieving the goals set out in Wawasan Brunei 2035. This includes exploring strategic investments in new sectors to fuel economic expansion. In addition, His Majesty's titah emphasized the significance of strengthening the role of the private sector and micro, small, and medium enterprises (MSMEs) as the main drivers of the country's economic resilience.

The focus on strategic investment and the empowerment of MSMEs is seen as crucial for sustaining economic resilience and ensuring a robust economic future for Brunei. The royal speech underscores the need for innovation and adaptation in an ever-evolving global economic landscape.