Co-ops told to strengthen leadership

National 1 minute, 38 seconds

BANDAR SERI BEGAWAN

THE Minister of Primary Resources and Tourism (MPRT) urged cooperatives to strengthen their leadership and administration to be more effective.

Yang Berhormat Dato Paduka Hj Ali Hj Apong said cooperatives would be able to reduce operating costs and reap profits if they were run properly.

“(Cooperatives) will reduce dependence on government subsidies and will no longer rely on the government to buy their products,” he said in response to Brunei-Muara representative to Legislative Council (LegCo) YB Jumat Akim’s question yesterday.

During the 12th LegCo session, the minister said if cooperatives members manage their co-ops properly by practising economies of scale, they will be able to generate profits even with limited government incentives.

The minister added that cooperatives can save in terms of purchasing materials in bulk and utilising their resources systematically and effectively.

YB Jumat asked the MPRT minister if the ministry can study the need to establish a cooperative to assist farmers, ranchers and fishermen in getting their supplies as well as market their products more effectively.

The LegCo member said cooperatives that are able to maintain the quality and marketing of their products would enable them to compete in the international market.

The minister said comprehensive research has yet to be done on the need to establish a cooperative that would assist farmers, ranchers and fishermen.

He reiterated that MPRT’s focus is on increasing productivity and output to help lower production costs and increase the country’s competitiveness in the international market.

“Ministry of Primary Resources and Tourism is of the opinion that we have to be open-minded on figuring out what are the best ways for us to realise this objective.

“Farmers, ranchers and fishermen can either work on their own, or through capital sharing by involving foreign investors or through a cooperative. However, it is vital that the activity is done in a big scale so as to reduce unit costs in ensuring competitiveness,” he added.

The Brunei Times