The private sector is the engine of growth while the public sector acts as the facilitator in generating a conducive environment in promoting and supporting investment in the private sector.
This was stated by Deputy Minister of Finance and Economy (Economy) Dato Seri Paduka Dr Haji Abdul Manaf bin Haji Metussin during a ceremony to appoint nine new heads of cluster and three members of Advisory Council of the Brunei Darussalam BIMP-EAGA Business Council (BD-BEBC) at The Rizqun International Hotel yesterday.
Dato Seri Paduka Dr Haji Abdul Manaf also emphasised on the use of digital technology in business amid the current pandemic climate.
Meanwhile, BD-BEBC Chairman Pengiran Haji Haris bin Pengiran Haji Duraman, who is the newly-appointed BIMP-EAGA Business Council Chairman said, when it was establishment 27 years ago, the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) was intended to generate more trade, tourism and investment based on the abundant natural resources readily available within the vast area.
“BIMP-EAGA has gone through its fair share of challenges, such as the financial crisis, haze, SARS and now the Covid-19 pandemic, which have affected developments in the region.
“Despite them, with the continuous support of the governments of BIMP-EAGA members, cooperation in the sub-region continues to stand firm and relevant to this day,” he added.
Meanwhile, the event saw the presentation of letters of appointment to the new heads of cluster and three members of the BD-BEBC advisory Council for the 2021-2024 term.