Bank Islam Brunei Darussalam (BIBD) and the Co-Curriculum Education Department are jointly organising the ‘Biz Literate’ entrepreneurship competition with support from the Institute of Brunei Technical Education (IBTE) in response to the government’s call for the involvement of more locals in entrepreneurship.
Open to Years 4-5 students, the competition seeks to introduce them to entrepreneurship through practical activities under the theme ‘Agriculture: Innovation in Local Products’.
A total of 16 primary schools competed in the preliminary stages held on September 3-4, with five proceeding to the finals. They are Rataie Primary School, Rimba III Primary School, Mahad Islam Brunei, St John’s School and Cemerlang Abejees School (SECA). The finalists have been given BND100 each to carry out their businesses for four weeks, from today until October 16.
The handover of cash funds for finalists was held at the Brunei Malay Teachers Association (PGGMB) Building in the capital yesterday by Acting Director of the Co-Curriculum Education Department Mohamed Jais bin Haji Abdul Rahman.
Government Relationship Officer and Special Project at BIBD Ahmad Nazmie bin Haji Omar said, “Every government measure which is pro-entrepreneurship, such as ‘Biz Literate’, is in line with BIBD’s aspirations of empowering efforts to stimulate interest in entrepreneurship. This programme helps to support local business development strategy in achieving Brunei Vision 2035, especially in the realisation of local agricultural potential through innovation.
“It is an appropriate platform to explore entrepreneurship, where the students have the opportunity to learn the ingredient for success in business, gain first-hand experience of actual business and understand the challenges being faced with digital businesses and innovation changing the landscape of traditional businesses. The Acting Director of the Co-Curriculum Education Department, meanwhile, said, “The culture of entrepreneurship must be nurtured at primary school levels by introducing entrepreneurship elements in Mathematics. But it would be more effective and meaningful with the direct involvement of students in entrepreneurship.”
At the end of the competition, each team will contribute BND100 to respective schools, as part of their corporate social responsibility.