The Brunei Darussalam BIMP-EAGA Business Council (BD-BEBC) has welcomed the announcement made by President of the Republic of Indonesia Joko Widodo on the new Indonesian capital location in the East Kalimantan province, with the expected 81 per cent of the relocation costs estimated at USD32.7 billion to come from public-private partnerships. This was highlighted by Head of SME Development at BD-BEBC Captain (Rtd) Zailan bin Pehin Datu Kerma Setia Dato Seri Laila Jasa Mohd Don.
He made these comments at the opening of BIMP-EAGA Tertiary Industry Forum Showcase 2019 and the World Halal Culinary Championship 2019 at the International Convention Centre yesterday.
“The BD-BEBC foresees that the move will contribute a very significant impact on the development of economic activities in the Brunei – Indonesia – Malaysia – Philippines East ASEAN Growth Area (BIMP-EAGA),” he said.
On the development of Brunei Darussalam’s economic activities, he said, “The BD-BEBC’s current focus is to make Brunei Darussalam a transshipment hub for Syariah-compliance products.
“Being the only country in Asean to implement Syariah law as a state law and also strategically situated at the north of Borneo will make Brunei Darussalam most ideal as an International Halal Trading Hub.
“Our close collaboration with the Labuan Halal Hub will strengthen the BD-BEBC, Labuan and the Sabah BEBC on logistic infrastructure to operate beyond cross-border trading.
“On cross-border trading, it is crucial to understand the geopolitics situation of any neighbouring country towards its economic development, especially on protecting its domestic industries.
“However, BIMP-EAGA, through BEV (BIMP-EAGA Vision) 2025, provides certain policies that give significant advantages for local businesses and their alliances to expand within the region by promoting socio-economic activities for economic growth that can lead towards industrial development.
“In this situation, the BD-BEBC foresees the significance of the Perak Halal Corporation and the IHTHS Corporation for this strategic alliance on Syariah-compliant products to cater for the growing markets from online to offline.
“These will be boosted with one of the BD-BEBC’s current initiatives on promoting the upgrading of the Syariah-compliant products’ e-commerce platform.”
This platform, he explained, “will be set up in Jakarta through a join investment by GTWO International Co Ltd – Thailand, IHTHS Corporation – Brunei and Winmas – Indonesia”.
“Meanwhile, the payment gateway for this e-commerce platform will use PayHalal, a Syariah-compliant payment gateway.”
Regarding mass media communication, he said, “The BD-BEBC welcomes C21TV media coverage networks and the Syariah Market Magazine, as the principal networks to provide coverage on economic and cultural issues in the BIMP-EAGA region through the BD-BEBC platform, focussing on Halal economy.
“These will enhance the exposure and the greater understanding of BIMP-EAGA within the global prospective.”
On network marketing, “The BD-BEBC welcomes PT Best Indonesia on its efforts to promote Syariah-compliant network marketing, which promotes socio-economic development in the BIMP-EAGA region.”
The guest of honour was BD-BEBC Chairman Pengiran Haji Yura Kesteria bin Pengiran Setia Negara Pengiran Dr Haji Mohd Yusof, who also witnessed the signing of seven Strategic Alliances Agreements between local and international BIMP-EAGA countries.
The agreements are for logistic services in BIMP-EAGA, a Halal food-processing factory in Brunei Darussalam, a payment gateway for the BIMP-EAGA e-commerce platform, the Brunei BIMP-EAGA media coverage, the Brunei BIMP-EAGA’s Syariah Market Magazine for Halal economic and business coverage, cross-border Halal network marketing in BIMP-EAGA and the e-commerce platforms in BIMP-EAGA.
After a ribbon-cutting ceremony by Pengiran Haji Yura Kesteria with the Ambassador of Indonesia to Brunei Darussalam Dr Sujatmiko and the Ambassador of the Philippines to Brunei Darussalam Christopher B Montero, the guests toured the display areas.