Royal Bershire Hall, Tarindak D’Polo, Jerudong, 12 May 2025  – Held under the theme “Collaborate for Growth, Innovate for Success,”  the Proudly Brunei Business Award (PBBA) 2025 ceremony celebrated outstanding local enterprises that demonstrated exceptional performance, innovation, and resilience in their respective industries. The theme underscored the vital role of collaboration and forward-thinking strategies in building Brunei’s sustainable economic future. Organised annually by the Brunei Economic Development Board (BEDB) , the Proudly Brunei Business Awards  serve as a national platform to recognise and honour the achievements of Brunei’s most promising and impactful businesses. Local businesses are encouraged to participate and submit nominations each year, making the PBBA an inclusive celebration of enterprise, excellence, and entrepreneurial spirit. Participating in the PBBA offers businesses valuable visibility , enhanced credibility , and greater public recognition . Winners and finalists benefit from increased exposure, networking opportunities with key stakeholders, and strengthened trust among customers, investors, and partners. The awards also serve as a motivating benchmark, encouraging businesses to pursue continuous improvement, innovation, and long-term growth. The prestigious event was graced by Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah , Minister at the Prime Minister’s Office and Minister of Finance and Economy II and Chairman of the Brunei Economic Development Board, who attended as Guest of Honour . His presence reaffirmed the Government of Brunei Darussalam’s commitment to supporting and recognising excellence within the private sector. In his welcoming remarks, Yang Mulia Daniel Leong , Acting Chief Executive Officer of Brunei Economic Development Board stated: “The Proudly Brunei Business Awards is more than a celebration—it’s a platform to inspire and empower local businesses to lead with purpose, resilience, and innovation. BEDB remains committed to building an ecosystem where Bruneian enterprises can thrive and shape the future of our economy.” PBBA 2025 Award Winners:   Open Category Business Growth Award:  Poni Marine Youth Entrepreneur Award:  WeddingLoka Company Women Entrepreneur Award:  Beauteleven Company Start-Up Award:  Fatih Aquaculture Priority Sectors Food Award:  Taurean Bakeshop & Cafe Tourism Award:  Kommunihub Co. Services Award:  WeddingLoka Company At the heart of the Proudly Brunei Business Awards is a rigorous and transparent evaluation process , involving subject matter experts from relevant government agencies and organisations. Their insights and expertise ensure that every applicant is assessed fairly and recognised for their exceptional contributions. This commitment to fairness, excellence, and integrity underscores BEDB’s dedication to celebrating the very best of Brunei’s local enterprises. The BEDB extends its heartfelt gratitude  to all applicants, sponsors, partners, and stakeholders for their invaluable participation and support in making this year’s event a resounding success . Partners and Sponsors The Proudly Brunei Business Awards 2025 was made possible with the generous support and collaboration of our esteemed partners and sponsors, including: Bank Islam Brunei Darussalam (BIBD) Baiduri Bank Berhad Unified National Networks Sdn Bhd (UNN) Royal Brunei Airlines Sdn Bhd (RB) Dynamik Technologies Sdn Bhd Imagine Sdn Bhd Brunei LNG Sdn Bhd (BLNG) Authority for Info-communications Technology Industry (AITI) Universiti Brunei Darussalam (UBD) Perbadanan TAIB Group of Companies (TAIB) Insurans Islam TAIB Holdings Sdn Bhd Their contributions played a vital role in the successful delivery of the event and reflect the shared commitment to empowering local enterprises and driving Brunei’s economic progress. As an annual celebration of Bruneian entrepreneurship, the Proudly Brunei Business Awards continue to play a key role in fostering a thriving business ecosystem — one that is innovative, inclusive, and aligned with the nation’s vision for economic diversification and growth. For more information about PBBA and how local businesses can participate and benefit from future award cycles, please visitwww.dare.gov.bn/proudly-brunei  or follow @proudlybrunei  on Instagram.

Bridging the Gap Between Business and Government Opportunities to develop Belait’s economic potential were at the forefront of discussions during the Brunei Economic Development Board’s (BEDB) inaugural roundtable dialogue with the Belait business community. The event was held at the Grand Ballroom of the V Plaza Hotel. It brought together 30 leading business representatives from the district to engage with BEDB and key government agencies. The session was led by Minister at the Prime Minister's Office, Minister of Finance and Economy II, and BEDB Chairman, Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah. “This Roundtable provides us with an opportunity to share ideas and demonstrate our commitments to work together to improve the business environment in the Belait town. This is crucial to driving its economic potential,” said the Minister in his opening address. Optimism for Collaboration The dialogue allowed Belait’s business community to express optimism about working collaboratively with BEDB and government agencies. They aimed to address shared challenges and unlock opportunities for economic growth. Key suggestions included creating more affordable, shared commercial spaces for micro, small, and medium enterprises (MSMEs). This could enable them to operate collectively, potentially becoming an attraction for both the district’s residents and nearby visitors. “We know that Belait’s population has spending power. This is especially true with the significant expatriate community here,” said Masrhiem Taufik, Managing Director of ESCA Martine & Engineering. However, he pointed out that commercial spaces can be quite limited and costly. “MSMEs often resort to renting residential units or running businesses from home. We’re eager to work with BEDB to explore possibilities. For instance, we could repurpose underutilized buildings into business hubs for MSMEs,” Masrhiem added. Addressing Barriers to Entry Echoing this sentiment, Dannie Azzura Hj Abu Basrah, who operates a real estate agency, highlighted consistent interest from businesses seeking to open in Belait. Yet he cited limited options as a significant barrier. “Now that we have this channel for dialogue, I am confident that this represents a fresh platform for us to work with BEDB and the government. Together, we can develop Belait to the potential we know it has,” said Dannie. Networking Luncheon: Strengthening Connections Following the dialogue, a networking luncheon was held to further strengthen connections among attendees. The event drew participation from key players across various sectors, as well as representatives from business associations. This networking opportunity allowed for vital discussions on the shared vision for Belait’s economic landscape. In these discussions, participants focused on addressing critical challenges. They also identified actionable solutions to support the growth of Belait’s commercial ecosystem. BEDB emphasized its commitment to fostering a platform for collaboration and innovation. The goal is to drive sustainable growth for the region. Future Initiatives and Engagements The Belait engagement is part of BEDB’s broader initiative to conduct dialogues with different business sectors. This initiative aims to ensure that all voices in the business community are heard. BEDB encourages businesses to reach out for support or to raise issues through info@bedb.gov.bn . As the economic landscape of Belait continues to evolve, ongoing dialogue will be essential to harnessing its potential. Together, the government and the business community can create a robust environment that promotes growth and innovation. In conclusion, the inaugural roundtable dialogue marked a significant step towards building a collaborative framework between Belait's business sector and government agencies. By maintaining this momentum, there is great potential for a thriving economy that benefits everyone involved. It’s clear that with collaboration, innovation, and strategic planning, Belait has an exciting road ahead.

Host of the Airport Economist Professor Tim Harcourt with Brunei's Minister at the Prime Minister’s Office, Second Minister of Finance and Economy, and Brunei Economic Development Board Chairman, Yang Berhormat Dato Seri Setia Dr Awg Hj Md Amin Liew Abdullah. Australian TV business program The Airport Economist highlighted Brunei’s diverse economic goals in a recent episode aired on the streaming platform Ticker on December 4, 2025. Exploring Brunei's Economic Diversification Titled The Great Transformation of Brunei , the episode features Tim Harcourt, Chief Economist and Industry Professor at the University of Technology Sydney. Harcourt delves into the nation's endeavors to diversify its economy and the critical role of foreign investment. The episode focuses on Brunei’s national vision, Wawasan 2035. This vision aims to foster a dynamic and sustainable economy. It outlines specific goals and the importance of international investment in reaching these objectives. Key Interviews and Insights The show includes an engaging interview with Yang Berhormat Dato Seri Setia Dr Awg Hj Md Amin Liew Abdullah. As the Minister at the Prime Minister’s Office, he leads the country's diversification agenda. This agenda is supported by an economic blueprint with five priority sectors: downstream oil and gas, food, services, tourism, and ICT. To give a practical view of this diversification plan, the episode highlights interviews with leading companies in each sector. Notable names include Hengyi Industries, Brunei Fertilizer Industries (BFI), Royal Brunei Airlines (RB), and Royal Brunei Catering (RBC). Each company presents how they contribute to the broader economic strategy. A Supporting Role for BEDB The Brunei Economic Development Board (BEDB) serves as a crucial source of knowledge for the episode. As Brunei's focal agency for foreign and domestic investment, BEDB shares insights into the country’s business and regulatory environment. Their commitment is evident through the dedicated support provided via the Investors’ Concierge service, aimed at helping potential investors navigate opportunities in Brunei. Host of the Airport Economist (AE) Professor Tim Harcourt (second left) with Brunei's Minister at the Prime Minister's Office, Second Minister of Finance and Economy, and Brunei Economic Development Board (BEDB) Chairman, Yang Berhormat Dato Seri Setia Dr Awg Hj Md Amin Liew Abdullah (centre. Also pictured are BEDB Acting CEO Daniel Leong and the AE crew members. Promoting Foreign Direct Investment His Excellency Luke Arnold, the Australian High Commissioner to Brunei, supports the episode as a co-partner. He commented on its significance, saying it provides valuable insights into Brunei’s economic landscape. The program highlights potential opportunities for foreign investors looking to enter this promising market. Headquartered in Australia, Ticker’s platform is a well-established medium. It caters to a substantial local audience. The platform also boasts international distribution, reaching over 380 million viewers worldwide. With 3.85 million monthly linear views, Ticker offers crucial exposure for Brunei on an international stage. Arnold noted the episode arrives at a crucial time. Brunei and Australia recently enhanced their bilateral relationship, establishing a Comprehensive Partnership. Additionally, Australia's Southeast Asia Economic Strategy 2040 includes a significant AUD 2 billion fund aimed at boosting Australian investment in ASEAN nations. The High Commissioner remarked, “We’ve established a dedicated ‘deals team’ in Bandar Seri Begawan to facilitate Australian investment in Brunei.” This team, comprising two full-time employees, focuses on attracting more Australian businesses. Building Strong Economic Ties Despite Australia being one of Brunei’s major export markets, the potential for investment remains untapped. Arnold emphasized the need to increase two-way investment. Both nations are on the brink of transformative economic changes, aiming to align with global shifts toward greener economies. Reflecting on his experiences in Brunei, Harcourt stated, “Brunei provides stability and certainty that foreign investors value.” He expressed admiration for witnessing the transformation in sectors like fertilizers and the Halal food hub. “Brunei has a clear vision for the future and is a welcoming society,” he added. His observations underline the considerable potential Brunei holds for international investors. Watch the Episode The full episode is divided into three segments and airs on Ticker’s 24-hour news channel for one month. Moreover, a dedicated Brunei section has been uploaded to The Airport Economist’s on-demand channel . This section features nine segments with extended interviews and insights tailored for business travelers. Originally, The Airport Economist began as a book by Harcourt. It provides practical insights into conducting business globally, drawing on his role as Chief Economist at the Australian Trade and Investment Commission (Austrade). Since transitioning to a TV series in 2016, the show has covered over 30 countries. Its scope includes nations in ASEAN, Latin America, and East Asia, including Japan, South Korea, and China. Brunei’s episode has further support from partners like RB and The Empire, showcasing the collaborative efforts driving economic diversification in the region. In summary, The Great Transformation of Brunei demonstrates the country's commitment to evolving its economic landscape. Through strategic interviews and informed analysis, the episode not only promotes Brunei as an investment destination but also highlights the shared goals of Brunei and Australia.

Brunei Darussalam, [January 24, 2024] - The first-ever Brunei Startup Summit kicked off on Wednesday, 24 January 2024 at the Rizqun International Hotel, bringing together local and international startups, aspiring entrepreneurs, industry experts, investors, and stakeholders. Organized by the Brunei Economic Development Board (BEDB) through Darussalam Enterprise (DARe) in collaboration with Brunei Innovation Lab (BIL), the summit aims to foster growth, collaboration, and innovation within Brunei Darussalam’s startup ecosystem with this year’s theme as "Innovate to Elevate: Charting the Path to a Future of Possibilities." The summit opened with an opening speech by The Minister at the Prime Minister’s Office and Minister of Finance and Economy II cum Chairman of the BEDB & DARe, Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah. His speech highlighted the transformative role of startups in reshaping industries and economies, emphasizing the thriving ASEAN startup ecosystem and Brunei's commitment to fostering an enabling environment. Meanwhile, Acting Chief Executive Officer of BEDB and DARe, Yang Mulia Daniel Leong, in his welcoming speech expressed gratitude to the diverse stakeholders involved in coordinating the Summit. The event endeavors to unite startups, ecosystem builders, and venture builders, fostering a collaborative environment for mutual learning, sharing valuable insights, discussing industry trends, and engaging dialogue sessions. He emphasized his optimism that the Summit will serve as a catalyst, propelling local startups toward new heights and unlocking unforeseen possibilities. The summit received strong support from Program Partners, including Brunei Shell Petroleum, Progresif Sdn Bhd, EVYD Technology Sdn Bhd, Authority for Infocommunications Technology Industry (AITI), and Microsoft Brunei. The event also featured local and regional speakers, panelists, and esteemed guests from various sectors, fostering collaboration and knowledge exchange. The Brunei Startup Summit sets the stage for two days of engaging discussions, workshops, and networking sessions. Participants are encouraged to embrace the challenges, celebrate successes, and foster an environment where collaboration is not just encouraged but celebrated. As Brunei continues to nurture its startup ecosystem, the summit promises to be a catalyst for future innovation and collaboration. For further information on the Brunei Startup Summit can be found at https:// www.dare.gov.bn/brunei-startup-summit

The Brunei Startup Summit (BSS) returned for its second edition on January 22 to 23, bringing together 400 key figures from the local and regional entrepreneurship ecosystems to collaborate and network over growth opportunities. Held at Level 4 of the Rizqun International Hotel, BSS featured over 20 sessions split between keynotes and plenary sessions on the main stage, alongside concurrent workshops. The event also included an exhibition and pitching showcases to highlight promising startups from Brunei to regional attendees, including venture builders and capitalists. With the theme "Rise and Thrive: Building Scalable, Resilient Startups and Fostering Collaboration," Acting CEO of the Brunei Economic Development Board Daniel Leong said that this edition of BSS offered three focused tracks to provide attendees with valuable insights and access to experts, leaders, and entrepreneurs in synergistic fields. Leong added that BSS is the capstone startup networking event under its enterprise development arm, DARe, which offers a suite of startup entrepreneurship support throughout the year, including incubation, capability building programmes, and financing. “This event not only provides a platform to connect our entrepreneurs with key regional players but also highlights our commitment to welcoming more startups and partners from the local and regional community into our ecosystem,” said Leong. The scaling strategies and growth hacking sessions offer actionable insights to help startups amplify their operations efficiently; resilience in challenging markets provides tools to navigate uncertainties; while the power of collaboration highlights how partnerships can drive innovation and foster sustainable growth. Workshop topics also cover generative AI, coding, cybersecurity and intellectual property. The involvement of Techsauce Media, a leading technology and entrepreneurship media platform in Southeast Asia, as a programme partner, further elevates BSS as a platform that attracts and showcases leading voices in the region. The Brunei Startup Summit 2025 is supported by sponsors Brunei Innovation Lab (Platinum), BIBD (Gold), Progresif (Gold), Baiduri Bank (Silver), DST (Bronze), and Royal Brunei Airlines (Airline Partner), along with ecosystem partners Antler, AWS, ERIA, and Niaga Compliance. For more information about BSS visit dare.gov.bn/brunei-startup-summit or email bruneistartupsummit@bedb.gov.bn .

Process Pensijilan Halal [Brunei Darussalam, 29 August 2024] – The Brunei Economic Development Board (BEDB) continues its efforts to support the local business community by hosting the second installment of its BEDB Engagement Series. The latest session, titled “Understanding F&B Industry Regulation”, took place on 29 August 2024 at the Main Auditorium of the Design & Technology Building in Kg Anggerek Desa. This event, organized by BEDB in collaboration with various government agencies supporting the development of Food & Beverage (F&B) industry to provide a platform for business owners to gain a deeper understanding of the regulatory landscape and to ask questions directly to the representatives of the participating agencies. During this session, participants received briefings from the following participating agencies: Registry of Companies and Business Names Division (ROCBN), Ministry of Finance and Economy Halal Food Control Division, Department of Syari’ah Affairs, Ministry of Religious Affairs Agrifood and Services Division, Department of Agriculture and Agrifood, Ministry of Primary Resources and Tourism  Authority on Building Control and Construction Industry (ABCi), Ministry of Development Fire and Rescue Department, Ministry of Home Affairs Municipality and District Division, Ministry of Home Affairs Brunei Darussalam Food Authority (BDFA) The day-long event was structured into two segments, with the morning session focusing on the essential services provided by these agencies. The event was also enhanced with a sharing session by founder of Noaz Creation, Norhijjahwati binti Bair, who shared her experiences and challenges in developing her business in Kontena Park an initiative under the BEDB to support F&B entrepreneurs. The afternoon session continued with insights from founder of Dil’s Café, Shaikh Hj Fadilah bin Shaikh Hj Ahmad, who shared his journey from a home-based food business to a retail establishment. The program also included presentations on key topics including applying for Halal certification, transitioning from home-based to commercial operations, and fire safety regulations and others. Questions and Answers session Attendees included representatives from government agencies, chambers of commerce, and MSMEs under the BEDB ecosystem, with over 170 local business owners participating had some comments to share: A participant from a local F&B business commented, “The session provided clear and practical information on the regulations we need to follow. The opportunity to hear directly from the agencies involved was particularly helpful in understanding the processes.” A representative from Dewan Perniagaan & Perusahaan Melayu Brunei (DPPMB) shared, “The experience-sharing segments were especially insightful, as they highlighted the real challenges and solutions faced by F&B entrepreneurs in Brunei. It’s encouraging to see such support from BEDB and the various government bodies.” A small business owner attending the session remarked, “The presentations and Q&A sessions clarified a lot of the regulatory requirements we had questions about. The direct interaction with the agencies has made the whole process seem more accessible and less daunting.” BEDB’s Engagement Series will continue with more sessions planned to address various sectors within Brunei’s business ecosystem. Information about upcoming events can be found on social media @darussalamenterprise and via https://www.dare.gov.bn/events .

Brunei’s High Commissioner to India, His Excellency Dato Paduka Haji Alaihuddin (3rd L)) and Brunei Economic Development Board Acting CEO Daniel Leong (3rd R) with attendees at Brunei's first Investment Seminar held in Chennai at the ITC Grand Chola. Brunei Darussalam’s potential as a gateway to the ASEAN and regional markets was showcased at the Brunei Economic Development Board’s (BEDB) inaugural Investment Seminar in Chennai, held at the ITC Grand Chola on November 6, 2024. Titled Weaving New Connections: The Brunei-Chennai Story, the event brought together over 100 business leaders from India and Brunei, spotlighting investment opportunities in the Sultanate’s diversifying economy. Attending the seminar was Brunei’s High Commissioner to India His Excellency Dato Paduka Haji Alaihuddin bin Pehin Orang Kaya Digadong Seri Lela Dato Seri Utama Haji Awang Mohd Taha. In his opening address, BEDB Acting CEO Daniel Leong presented Brunei’s unique proposition as a base for businesses looking to expand into Southeast Asia and the connecting region, owing to its strategic location and robust, familiar legal and business regulatory environment where English is widely used. Brunei Economic Development Board Acting CEO Daniel Leong delivering a presentation on investment opportunities in Brunei at the country's first Investment Seminar in Chennai held at the ITC Grand Chola. “Brunei’s low-tax regime—with no personal income tax, sales tax, or capital gains tax—offers financial advantages that are difficult to match within the region. Combined with Brunei’s strategic location, this makes it an excellent base for regional operations and a springboard into Southeast Asia’s broader markets,” said Leong. Brunei’s advantageous position is further enhanced by its market access through an increasing number of trade agreements, including RCEP and CPTPP, connecting investors to over three billion consumers. The Sultanate’s political stability and commitment to environmental sustainability also strengthen its appeal. Historically free from major natural disasters and with 70% of the country covered in pristine rainforest, Brunei provides a uniquely stable, green location for businesses seeking long-term opportunities within Southeast Asia. Five priority sectors—downstream oil and gas, food, ICT, services, and tourism—are central to the Brunei government’s economic diversification strategy, each actively encouraging foreign direct investment (FDI). CEO of JSY Systems, Muthukrishnan Balasundaram, shares his company's experience operating as an FDI in Brunei at the Brunei Economic Development Board's first Investment Seminar held in Chennai's ITC Grand Chola. A panel discussion highlighted Indian companies successfully operating in these sectors in Brunei, including specialty chemicals manufacturer Polygel, oxygen and nitrogen supplier Atoll Oxygen, and ICT services provider JSY Systems. CEO and Founder of Polygel Luv Shah, who has been operating in Brunei since 2018, underscored its potential in accessing the markets in India and China. “For Indian businesses and entrepreneurs seeking raw materials or sources of energy, Brunei can of course be a destination. But there are also opportunities for knowledge-based industries, such as IT and services, and we invite FDIs to Brunei to see the opportunities first hand,” he said. “At Polygel, we have not only survived COVID but also grown in the past six years, which itself is a testament to what Brunei has to offer. The government is actively working to attract FDIs, with initiatives to improve infrastructure, port facilities, land provision, and connectivity. Brunei offers stability, good governance, and a strong rule of law,” Shah added. Attendees at Brunei's first Investment Seminar held in Chennai at the ITC Grand Chola. As Brunei’s focal agency for foreign investment, BEDB provides tailored support through its Investors’ Concierge service, assisting investors from initial market studies to post-establishment facilitation. BEDB also develops and manages 27 industrial parks across Brunei, simplifying setup and expansion with tailored infrastructure support. Additionally, through its enterprise development arm, DARe, BEDB fosters synergies with FDIs to enhance supply chain integration and support long-term growth. The seminar coincided with the resumption of direct air connectivity between Brunei and India after two decades, with Royal Brunei Airlines (RB) launching its inaugural flight from Bandar Seri Begawan to Chennai on November 5. This milestone follows a significant meeting between Brunei’s and India’s heads of state in September, marking the first visit by a sitting Indian Prime Minister to Brunei. This event is part of the Brunei-India Business Exchange Mission, led by BEDB and joined by over 20 representatives from Indian Chambers of Commerce and Brunei-based businesses with Indian stakeholders. The mission will continue with one-on-one meetings and site visits on November 7 and 8. The seminar was jointly supported by the Brunei High Commission in India and RB, culminating in a Brunei Night event that celebrated the Sultanate’s tourism and cultural attractions in collaboration with Brunei Tourism. BEDB is expected to host a follow-up visit in Brunei for prospective Indian FDIs following the Chennai programme.

An engaged crowd at the Third Series of Engagement Sessions [Brunei Darussalam, 27 November 2024] – The Brunei Economic Development Board (BEDB) held its third session of the BEDB Engagement Series, titled “Understanding Manpower Processes,” on 27 November 2024 at the Main Auditorium of the Design & Technology Building in Kg Anggerek Desa. This full-day event was organized in collaboration with various government agencies to provide local businesses with a clearer understanding of the processes and requirements involved in acquiring manpower, both local and foreign.  The session featured presentations from key agencies, including:  Pejabat Perancangan Tenaga Manusia (PPTM), Prime Minister’s Office  Pusat Pekerjaan Brunei (PPB), Prime Minister’s Office  Department of Immigration and National Registration, Ministry of Home Affairs  Department of Labour, Ministry of Home Affairs  Designed to address common questions and challenges around workforce recruitment and management, the session aimed to equip businesses with detailed insights into each agency’s role in the manpower acquisition process. By clearly outlining the steps involved in hiring foreign workers and highlighting relevant initiatives, the session helped clarify the process, reduce confusion, and streamline future interactions with these agencies.  The program included informative sessions led by the participating agencies, with Pusat Pekerjaan Brunei (PPB) and the Department of Labour providing a comprehensive overview of the process for hiring both local and foreign manpower. Participants also learned about key initiatives such as the SkillsPlus Program, SPIN in Accountancy, and the I-Ready Apprenticeship Programme, all designed to support businesses in Brunei Darussalam’s evolving employment landscape. Meanwhile, Pejabat Perancangan Tenaga Manusia (PPTM) shared perspectives and initiatives to enhance local employee retention through Minimum Wage Order, 2023 and Salary Guideline.  Question & Answer session The event concluded with a Question & Answer session, where over 150 attendees, including representatives from the Micro, Small and Medium Enterprises (MSMEs) within the BEDB ecosystem, chambers of commerce, and business associations, had the opportunity to directly engage with the agency representatives.  Feedback from attendees indicated that the session was a valuable resource for those seeking clarity on manpower acquisition. The BEDB will continue this Engagement Series with additional sessions planned to address other critical aspects of Brunei’s business ecosystem. Information about upcoming events can be found at bedb.gov.bn

Group photo of signed contract between BEDB and DARe management with SYARIKAT ALMAG MAJU JAYA Group photo of signed contract between BEDB and DARe management with RIZQ JAYA SDN BHD [Bandar Seri Begawan, May 20, 2024] Brunei Economic Development Board (BEDB) through Darussalam Enterprise (DARe) held a contract signing for the i-Usahawan Non Energy program. The contracts were awarded to SYARIKAT ALMAG MAJU JAYA and RIZQ JAYA SDN BHD with the signing ceremony held at the Design & Technology (D&T) Building located at Anggerek Desa Technology Park on Monday, 20 May 2024. SYARIKAT ALMAG MAJU JAYA is a youth-owned local company that carries out general construction and ground maintenance was awarded 2 contracts for a period of 2 years to carry out ground maintenance services across four industrial parks under DARe’s management. Meanwhile, RIZQ JAYA SDN BHD, also owned by a Bruneian youth, carries out general construction, cleaning, event management and IT, was awarded with 2 contracts for a period of 2 years to conduct integrated cleaning and pest control services for 3 Ready Built Factories (RBF) also under the management of DARe.   Both local companies were awarded the contracts by being a part of the i-Usahawan NonEnergy entrepreneurship development programme, which aims to facilitate opportunities for youth-driven enterprises. This initiative provides a pathway for these businesses to learn and grow in the service industry through contracts with government agencies, government-linked companies, statutory bodies, and corporate organizations beyond the traditional energy sector.  Through the i-Usahawan Non-Energy programme, participating youth entrepreneurs undergo comprehensive training to equip them with the skills necessary to excel in procurement processes. Following a competitive bidding process, those selected, as winning bidders will be awarded the contract and receive continued mentorship from contract owners. This continuous mentorship ensures the ongoing development and refinement of entrepreneurial and technical capabilities throughout the duration of the business contracts. It is hoped that upon completing these contracts, youth-led businesses will have acquired the experience and resources for them to grow by serving more clients and pursue higher value contracts in the future.   During the ceremony, signing on behalf of SYARIKAT ALMAG MAJU JAYA was Managing Director/contracts & Operation Manager, Muhamad Hamiz Hj Ghani (30 years old) with Deputy Contracts & Operation Manager as witness, Najib Asmu’i Hj Ghani. While signing on behalf of RIZQ JAYA SDN BHD was Director, Nurul Izzati Naqibah Zaidi (31 years old) and witnessed by Manager, Nurul Iwana Naqiyah Zaidi. The ceremony was also attended by senior management and officers of the BEDB and DARe.   Youth businesses keen to explore similar opportunities are encouraged to visit https://www.dare.gov.bn/iusahawan   for further information.

Secretary-General of ASEAN, Dr. Kao Kim Hourn (Centre) visited the Brunei Economic Development Board booth during a tour of the Marketplace. [Melbourne, March 4, 2024] — The Brunei Economic Development Board (BEDB) participated in the ASEAN-Australia Special Summit Marketplace on 4 March 2024 at the Melbourne Convention and Exhibition Centre. The Marketplace provided a platform for Australian businesses to seek advice and information from ASEAN’s investment promotion agencies and trade associations relating to investment and business opportunities in Southeast Asia. Through its “Invest in Brunei Darussalam” booth at the Marketplace, the BEDB engaged various Australian small and medium enterprises, chambers of commerce as well as federal and state agencies, who made queries on Brunei Darussalam’s business ecosystem and explored opportunities for their potential expansion to the country. At the sidelines of the Marketplace, the BEDB also met with the Australian Trade and Investment Commission (Austrade) to discuss ways to enhance trade and investment cooperation, particularly in bringing Australian investors to Brunei Darussalam. The BEDB booth also received visits by the Secretary-General of ASEAN, Dr. Kao Kim Hourn, and Special Envoy for Southeast Asia, Mr. Nicholas Moore. Australia is emerging as a n important source of FDI for Brunei In line with the Australian Government’s Southeast Asia Economic Strategy 2040, Australia is intensifying its trade and investment engagement with Brunei Darussalam, and are actively creating opportunities for Australia to invest in area s such as agriculture and food, resources, green energy and education.

[Bandar Seri Begawan, 31 January 2024] - The Brunei Economic Development Board (BEDB) through Darussalam Enterprise (DARe) and Bank Usahawan Brunei, successfully organized an insightful event on 31 January at the Design and Technology Building. This event marks the beginning of a series of collaborative sessions aimed at fostering the growth and development of Micro, Small, and Medium Enterprises (MSMEs) in Brunei.   Both BEDB and Bank Usahawan Brunei share a common goal of supporting the local MSME sector. Recognizing their aligned objectives, the two organizations have embarked on a strategic partnership to better serve the needs of MSMEs in Brunei. While Bank Usahawan specializes in providing funding solutions for MSMEs, DARe focuses on facilitating the growth and development of these enterprises.   The event commenced with Bank Usahawan delivering a comprehensive overview of their diverse range of financial products and services tailored to assist MSMEs in exploring financing options for their business. The latter half of the session featured an open consultation where attendees had the opportunity to discuss their businesses and determine their eligibility for financing. For those not currently eligible, valuable advice was provided to guide them on the path to securing funding in the future.   Daniel Leong, Acting Chief Executive Officer of the Brunei Economic Development Board and Darussalam Enterprise, expressed his enthusiasm about the collaboration, stating, "This partnership exemplifies our commitment to providing holistic support to the local MSME community. By combining the strengths of Bank Usahawan and DARe, we aim to create aconducive environment for MSMEs to thrive and contribute to the economic development of Brunei."   As part of the collaborative effort, Bank Usahawan will actively refer their funding recipients to participate in various programs offered by DARe. This synergistic approach ensures that MSMEs not only have access to financial support but also benefit from DARe's wide array of developmental initiatives.   The event witnessed active participation from 17 local businesses eager to explore growth opportunities. Representatives from both DARe and Bank Usahawan were present.   This partnership between BEDB and Bank Usahawan Brunei marks a significant step forward in creating a supportive ecosystem for MSMEs in Brunei.The organizations look forward to continuing their collaborative efforts in organizing more sessions to empower local entrepreneurs and contribute to the economic vibrancy of the nation.

[Brunei Darussalam, 18 November 2023] – The Petroleum Authority of Brunei Darussalam, the Brunei Economic Development Board (BEDB) together with Hengyi Industries Sdn Bhd. is proud to announce the launch of Hengyi’s Phase 2 petrochemical project that surpasses the investment scale of Phase 1. The Phase 2 project aligns seamlessly with the national vision of Wawasan 2035 and the Economic Blueprint goals, propelling economic growth and fostering job opportunities. Hengyi's commitment to the Bruneian community goes beyond the production of petrochemicals; it creates a robust ecosystem of business opportunities for local enterprises. The success stories witnessed during Phase 1 operations serve as a testament to the potential for flourishing collaborations; whereby a total of 15 Local companies have provided services as main contractors during Phase 1 operations and turnaround. As Phase 2 unfolds, Hengyi anticipates additional business opportunities for locals, mirroring the diverse range seen during Phase 1.   Phase 1-success stories:   Our local businesses are proven capable in delivering services during Phase 1 operations and turnaround which are categorized as complex services and involves high risk and high technology, such as machinery and equipment inspection and turnaround maintenance services. Among other services which require technical expertise and experience, complex and/or resource intensive and involves medium level of investment/risk successfully provided by our local businesses include hazardous waste treatment, heavy vehicles maintenance, and construction support and maintenance. Providing services to the crude supply vessels arriving at the Pulau Muara Besar (PMB) facility. This strategic collaboration not only underscores the mutually beneficial relationships formed by Hengyi but also displays the potential for local companies to engage in critical sectors of the petrochemical supply chain. The refining of fuels. This partnership not only signifies a strategic alliance between major players in the energy sector but also paves the way for increased synergy and economic growth within the region. Several local companies also utilised fly ash (a by-product from Hengyi’s power plant) as feedstock for cement and concrete products.   Other success stories included outsourcing catering, regular maintenance and cleaning works to local companies, and security services to private security companies. This approach not only bolsters the local economy but also fosters a culture of skill development and knowledge transfer within the community. As the Phase 2 project progresses, Hengyi anticipates additional business opportunities that will not only contribute to the economic landscape of Brunei but also act as a catalyst for job creation, skill development, and sustained growth. Hengyi remains steadfast in its commitment to foster mutually beneficial collaborations, further solidifying its role as a cornerstone of economic development in the region. Some of the opportunities for Phase 2 include: Phase 2 project will open opportunities for collaborative and strategic partnerships in fostering local business development through effective transfer of knowledge in reaping the benefits with regards to improved technology, system capability and managerial and technical skills to be integrated into the domestic market.    During construction, several business opportunities are identified under the Implementation Agreement such as land surveying, site clearance, waste management, environmental health services, marine geotechnical investigation, qualified personnel services, catering and canteen services, cleaning services, security services, medical services and corporate services. The Phase 2 project leverages on the Local Business Development directives to help fulfill the growth of local businesses and demonstrates Hengyi’s commitment to build sustainable relationships with local businesses and service providers. When Hengyi transitions into Phase 2 of its operations, local businesses will have the opportunity to provide services in accordance with the Local Business Development (LBD) Directives for Oil and Gas Industry including land and marine transportation, material handling, maintenance of onshore facilities, after-sale maintenance services for equipment, inspection, construction services including civil works, waste management and corporate services  By committing towards a collaborative ecosystem, Phase 2 is expected to be a catalyst for driving economic growth, creating job opportunities and empowering local businesses.