Darussalam Enterprise to boost private sector growth

National 2 minutes, 3 seconds


DARUSSALAM Enterprise (DARe), a statutory body that looks to nurture and support local enterprises from start-up to growth, has appointed a governance board that will be driven by players in the private sector.

According to the Energy and Industry Department at the Prime Minister’s Office (EIDPMO), 80 per cent of the governance board is represented by the private sector.

“With this, it is hoped that the government and private sectors will work together optimally to give attention to the needs of the local business community,” EIDPMO said.

The chairman of the board is Minister of Energy and Industry at the PMO Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Hj Mohammad Yasmin Hj Umar.

Representing young entrepreneurs on the board are Director of LVK Companies and Brunei APEC Business Advisory Council member (ABAC) Hafimi Abdul Haadi and Founder and CEO of Itsybytes Ikmalina Hakimah Hj Md Yunos.

Shipping/Logistics members are Chairman of Brunei’s Shipping Association Lim Jin Yong and Executive Chairman of ASAFF Group Hj Abdul Saman Hj Ahmad.

The Food industry will be represented by Chairman of Ideal Group Yang Berhormat Hj Awang Ahmad Morshidi Pehin Orang Kaya Digadong Seri Diraja Dato Laila Utama Hj Awang Abdul Rahman.

Technopreneurs are represented by CEO of Chrends, MeSixty and Expansys Technologies Keeran Janin while the International Advisory is represented by Managing Director of Seri Venture Capital Soon Loo.

The banking industry is represented by CFO and Deputy Managing Director of BIBD Hjh Noraini Hj Sulaiman.

Industries also represented in the DARe board are from the public sector and government linked companies, construction, oil and gas, association and consulting.

The EIDPMO said the agency will work closely with ministries, government and non-government agencies locally and abroad to foster growth of business enterprises, thus increasing GDP contribution.

“Through DARe, a common and more unified approach will be taken to direct, support and encourage the growth of local enterprises under a single body that is represented and driven by the private sector,” the department said.

DARe will develop local enterprises by assisting in capacity building, facilitating access to funding, investment, and access to domestic and international markets.

The statutory body will also run the Business Support Centre, and provide land sites and facilities that were formerly provided by the Brunei Industrial Development Authority (BINA) and the Brunei Economic Development Board (BEDB).

More information can be obtained by emailing DARe at dare@ei.gov.bn

The Brunei Times