Baiduri Bank recently organised a workshop at the Baiduri Enterprise Hub titled ‘Expanding Your Business Horizons with Trade Finance Solutions’ for small to medium enterprises (SMEs) interested in understanding and leveraging trade finance products to support their business growth and seize global trade opportunities.
Baiduri Bank Head of Trade Finance Tiffanni Wong guided participants through a series of informative sessions during the workshop.
The event opened with a Trade Finance 101 session, providing a foundational overview of trade finance products and their practical applications for business expansion.
In the Product Spotlight session, participants explored key trade finance instruments such as letters of credit, documentary collections, and pre-shipment and post-shipment financing. These tools were explained in detail, showcasing how they can streamline trade transactions and reduce associated risks.
The workshop also featured a Shipping Smarts session, focusing on the importance of Incoterms in shipping contracts and how they affect responsibilities and risks in global trade.
In the afternoon, personalised one-on-one consultations offered tailored advice on applying trade finance solutions to meet the specific needs of each business.
“Our goal with this workshop was to equip SMEs with not just the knowledge but also the confidence to leverage trade finance solutions effectively, enabling them to optimise operations, manage risks, and pursue new market opportunities,” Wong said.
The workshop aimed to equip Bruneian businesses with the insights and resources necessary to thrive in today’s competitive market, both locally and internationally empowering participants to navigate the complexities of international trade with greater confidence.
