Brunei Builds Supportive Environment For Foreign Investments: Official

BANDAR SERI BEGAWAN, May 1 (NNN-PELITA) – Brunei is building a supportive investment environment, to provide opportunities for regional investors to explore partnerships and investments with local companies, a senior official said.

Daniel Leong, acting CEO of Brunei Economic Development Board (BEDB) and Darussalam Enterprise (DARe), was quoted by the local daily, Borneo Bulletin, yesterday as saying that, Brunei’s improvement on investment climate focuses on five sectors, downstream oil and gas, food, information and communications technology, services and tourism.

The food sector is an excellent example of cooperation with many opportunities, such as high-value aquaculture and high-tech agricultural farming, as well as, value chain activities, Leong said, at the Brunei Darussalam-Indonesia-Malaysia-Philippines Eastern ASEAN Growth Area (BIMP-EAGA) B2B forum, held here recently.

Brunei government, Muara Port Company, a joint venture between Brunei and China, and stakeholders are engaged in initiatives to improve connectivity and facilitate the movement of goods and services within the region, to establish a BIMP-EAGA transshipment hub, he said.– NNN-PELITA

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