| Lyna Mohamad |
THE 8th Convocation Ceremony for over 230 graduates of Cosmopolitan College of Commerce and Technology (CCCT) was held yesterday at the Hua Ho Manggis Ballroom.
The Managing Director of BIBD, Javed Ahmad, officiated the ceremony. In his speech, he said the private sector is the engine of employment and growth globally and it is no different for Brunei Darussalam with 70 per cent of its economy based on the oil and gas sector and allied services.
He added that the other important private sector is the financial services sector where banking and insurance form the backbone, which includes the Islamic banking and the Takaful sector.
The managing director said while the financial services sector currently contributes only three per cent of the GDP, its potential to contribute more is well recognised by policy makers with the figure is projected to grow to about eight per cent of GDP very soon.
“I certainly believe that with focus, commitment and an enabling business environment, we can realistically aim for this in the medium-term. As a nation, we have been at the low end of the value chain by purely exporting oil and gas resources, where processing of these natural resources is done in countries like Japan, South Korea and China among others.”
He said many of the graduates hunger for jobs in the government sector where salaries and benefits are viewed to be better but at this young age, they should not settle for something which is structured and low-risk.
The development and growth of human history is marked by individuals who had the courage to try something new, Javed Ahmad said, adding that it is in the private sector that the graduates would have the greatest potential to unleash their talent and achieve Brunei Vision 2035.
Yesterday’s ceremony commenced with the recitation of Surah Al-Fatihah and Doa Selamat followed by welcoming remarks by CCCT Chairman Dr Hj Aziz Latip.
The chairman said this year’s guest of honour was invited from the banking sector to present certificates unlike previous years when senior government officials were invited. This showed that the banking sector has played an important role in providing job opportunities for the young graduates.
BIBD, as the leading bank in the country, will keep expanding and is always on the lookout for young talented individuals to join their team and CCCT graduates are highly marketable talents for they have been trained with the right attributes and the necessary skills and qualification to enter the banking sectors, the chairman said.
“We all know the creation of new jobs in the government sector is limited. For this reason, the government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has emphasised the importance of private sector in creating jobs.”
He added that banking sector can provide the opportunity of long-term stability and prospects to competitive individuals.
As a banker himself for 18 years, he was exposed to the competitive world and provided with the necessary training and skills that made him successful.
CCCT always encourages its students to look into the opportunities of working in the private sector as well as taking up entrepreneurship as Brunei being a young country which offers plenty of business opportunities to SMEs and there are many government agencies such as the BEDB offering grant schemes to help young start-ups.
To help Brunei SMEs grow and become sustainable, which will ultimately benefit the country’s economy, banks have also been encouraged to support Brunei SMEs by providing financial facilities.
Increasingly, the college has been seen as the provider of talented and competitive graduates.
Dr Hj Aziz Latif said it is his wish to make this known to blue chip companies in Brunei and there is no better way to start this than having Javed Ahmad to witness the quality of their graduating students yesterday.
The chairman also acknowledged the big role that parents also play with their moral support and consistent reminders to ensure that their children study hard, adding that the graduates would not have been where they were yesterday if it was not for the dedicated lecturers who have been relentlessly striving towards the pursuit of excellence.
Yesterday’s ceremony saw students from Higher National Diploma in Business Management, Business (Accounting) and Computing, National Diploma in Business Finance and Computer Studies, Skills Certificate 3 in Information Technology as well as Skills Certificate 2 in Business and Administration and Information Technology receiving their graduation certificates.
Also graduating were students from London Chamber of Commerce and Industry Level 3 Diploma in Business Administration, National Computing Centre International Diploma in Business and International Certificate in Business and Informatics Academy International Diploma in Business Administration.
Three students were awarded with special awards. Khairunnizzah Abu Hassan won NCC award. UK-Global High Achiever and academic awards went to Siti Nur Hashimah Hj Hashim from HND in Business Management and Habibah Amzah won the award for Best Role Model in MIB.
Special awards for extracurricular activities were given to Lim Liang Wei (basketball), Khairunnizzah Abu Hasan (netball), Shaidatul Nurfarhanie Nazira Shamsul Bahri, Muhd Izrat Izlin, Radyharmizah Muhd Radin (dodgeball) and Zunuraazmi Hj Mohd (futsal).