The Young Entrepreneurs Association of Brunei (YEAB) and the Sarawak Entrepreneur Association (SEA) formalised a memorandum of understanding (MoU) yesterday at Pavo Point, Kianggeh, marking the inauguration of the Sarawak Trade and Tourism Office (STATOB) in Bandar Seri Begawan.
“The signing of this MoU underscores a shared commitment to enhancing business opportunities and strengthening ties in trade and tourism between the two regions,” the YEAB said in a press release.
“This partnership is expected to create a platform for entrepreneurs from both Brunei and Sarawak to collaborate, exchange ideas, and develop mutually beneficial initiatives in various sectors, including tourism, trade, and investment.” YEAB was represented by its assistant secretary Awangku Abdul Azim bin Pengiran Yusof, who also stood in for YEAB President Goh Chai Li.
SEA was represented by its president Khairulnizam Mohamed Khalid.
Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah and Premier of Sarawak Datuk Patinggi Tan Sri Abaang Johari Tun Openg were present at the ceremony.
“This collaboration will open up significant opportunities for young entrepreneurs to share experiences, knowledge, and best practices in building a more dynamic and innovative entrepreneurial community,” Khairulnizam Mohamed Khalid said.
He added, “SEA is always committed to providing a platform for young entrepreneurs in Sarawak, and through our partnership with YEAB, our entrepreneurial agenda will be further strengthened with various joint projects and initiatives.”
He also highlighted the importance of networking and mentorship in the development of young entrepreneurs.
“Through this collaboration, we hope to offer better support and opportunities for our members to maximise their potential, especially in a global economy that is increasingly challenging.”
Meanwhile, the YEAB said, “The establishment of STATOB in Bandar Seri Begawan is expected to further enhance collaboration between Brunei and Sarawak, particularly in terms of trade and tourism, while this MoU serves as a catalyst for future joint projects and entrepreneurial initiatives between YEAB and SEA.”
