Azlan Othman
Sound financial management, planned maintenance and timely collection of revenue are among the strategies in reducing the budget deficit which currently sits at BND2.97 billion for 2023-2024, said Legislative Council (LegCo) member Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim yesterday at the 19th LegCo session.
He also said, “I welcome the budget prioritising on economic growth, business environment and competitiveness to attract foreign investors to the country, thus generating job opportunities”.
Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman also lauded the move to attract foreign direct investment (FDI), such as the collaboration between Muara Port Company, Ben Line Agencies (B) and Regional Container Lines Pte Ltd to develop the Muara Port as a transshipment hub and making logistic import costs competitive, thus bringing down the price of goods in the country.
He also said the same goes for Brunei Bay Southern Anchorage and the second phase of Hengyi Industries Sdn Bhd project.
He also proposed for policies and regulations to be reviewed to ensure the spin-offs from the FDIs can bring benefits to the people such as local micro, small and medium enterprises (MSMEs).
He also believes delivery system and consistent monitoring are crucial in making the environment conducive to business activities.
