Many opportunities await young entrepreneurs

Danial Norjidi

There are many opportunities for young entrepreneurs in all sectors of the economy, with one being the oil and gas downstream and manufacturing sector, which will see significant growth in the next five years.

Deputy Minister of Energy, Manpower and Industry Dato Seri Paduka Awang Haji Matsatejo bin Sokiaw highlighted this as the guest of honour during the 12th LiveWIRE Business Awards 2019 Prize Presentation Ceremony on Thursday.

“I am pleased to note that the private sector and various non-governmental organisations (NGOs) are actively providing capacity building programmes for our entrepreneurs. On the part of the government, DARe (Darussalam Enterprise) is also organising various programmes such as Micro Business Bootcamp, Startup Bootcamp and Industry Business Academy (IBA) where more than 2,000 participants were trained last year.”

He said DARe has also launched the Brunei Mentors for Entrepreneurs Network (BMEN) involving around 30 mentors and 40 mentees.

Deputy Minister of Energy, Manpower and Industry Dato Seri Paduka Awang Haji Matsatejo bin Sokiaw delivers his speech. PHOTO: DANIAL NORJIDI

“I am delighted to learn that LiveWIRE Brunei has achieved tremendous accomplishments in contributing to the development of entrepreneurs in Brunei. There are 15,000 participants since its launch in 2001. I understand there are already many outstanding enterprising individuals who have made their way up and among them are already well established, successful entrepreneurs.”

He commended LiveWIRE Brunei for its continuous effort to enhance their programmes to develop more professional, sustainable and competitive entrepreneurs.

“Let me also take this opportunity to strongly urge other multinational companies operating in this country to follow the exemplary efforts of Brunei Shell Petroleum Company Sdn Bhd (BSP) in creating LiveWIRE Brunei. I am sure they can share their management best practices, advanced digital technology, vast international network and global mindset to help our local entrepreneurs, especially youth to compete in the regional and world market. I hope one day, our local entrepreneurs can become part of their global supply chain.

“There are many opportunities for our young entrepreneurs in all sectors of our economy,” he said.

Mentioning one of them, the deputy minister shared, “We are going to see significant growth in the Oil and Gas Downstream and Manufacturing sector in the next five years. This industry will require all kind of support for example in engineering services, logistics, digital technology, training facilities and so on.

“I hope our local businesses especially our young entrepreneurs are ready to capture these opportunities.”