BANDAR SERI BEGAWAN, Mac 11 (NNN-PELITA BRUNEI) – Brunei’s central bank has implemented measures, to help micro, small, and medium enterprises (MSMEs) obtain financial loans more easily, a minister said.
Haji Mohd Amin Liew, minister at the prime minister’s office and second minister of finance and economy of Brunei, said that, the Brunei Darussalam Central Bank has implemented a series of measures, including the collateral registry system and the credit score system.
Notices on equity-based crowdfunding and peer-to-peer financing have been issued respectively in past years, the minister said, at a legislative council meeting.
The fintech regulatory sandbox has been introduced, and so far, two fintech companies are testing their digital financial services in Brunei, offering technology solutions to overcome financial issues faced by MSMEs in Brunei, said the minister.– NNN-PELITA BRUNEI
