| Khal Baharulalam |
SOME 150 dynamic young entrepreneurs including locals participating in the 3rd Commonwealth-Asia Alliance of Young Entrepreneurs (CAAYE) Summit were officially welcomed for an ice-breaking and networking dinner session last evening at the Mangrove Paradise Resort.
Young Entrepreneurs Association of Brunei (YEAB) will be the hosting partner for the summit following the success of previous summits in Mumbai and Colombo in 2012 and 2013 respectively.
The guest of honour who declared the 3rd CAAYE open was Deputy Minister of Culture, Youth and Sports Datin Paduka Hajah Adina binti Othman, who in her speech focused on important roles of youths in the development of the nation.
“Our Vision 2035 aims for highly educated, skilled and successful citizens,” she said, emphasising that “the education sector receives the second highest allocation of the national budget at 13 per cent” which has impacted positively on the development of the local youths.
The CAAYE this year will be seeing the participation of youth entrepreneurs from the Commonwealth-Asia region nations of Bangladesh, India, Malaysia, Maldives, Nepal as well as those from observer states, Pakistan, Sri Lanka and Singapore.
YEAB President, Del Goh, also shared the same sentiments in his welcoming address before the 2014 President of CAAYE spoke pertaining to the purpose of this year’s CAAYE Summit theme – Innovate with Purpose – built on from the previous year’s theme which centred on businesses that made ‘Profit with Purpose’.
Director and Head, Youth Affairs Division, Commonwealth Secretariat, Katherine Ellis later addressed the dinner reception on the summit theme, which intersects two concepts, both vital to a progressive, sustainable, and socially responsible world. The Commonwealth Secretariat will deliver the summit communiqué to member governments, making the summit an opportunity to ensure the voices of young entrepreneurs are heard by high-level decision-makers.
A video address by Kamalesh Sharma, Secretary-General of the Commonwealth Secretariat, and dinner remarks from Standard Chartered Bank’s Head of Business Banking Eliza Abdullah later followed before the guest of honour declared the summit open.
Both local entrepreneurs and international delegates were seen exchanging pleasantries at the welcoming dinner.
CAAYE Summit 2014 is sponsored by The Commonwealth, Standard Chartered Bank, Ministry of Industry and Primary Resources, Ministry of Culture, Youth and Sports and supported by Aries Agro Limited, Innonline Solution, Cubebox Solutions, Thrift Solution, Mr Baker’s, KFC, Easyrewardz, BEDB, Famous Textile Sdn Bhd, Ideal Café and Grill, Hana Soy & World (B) Sdn Bhd, Golden Corporation, Orchid Garden Hotel, KMST Sdn Bhd, CIC and Plus+ Magazine.
The summit begins today at the Orchid Garden Hotel. A full-day field trip to local companies, leadership assembly and Gala Night closing dinner will be held November 18.