‘Brunei welcomes more China investors’

National 0 minutes, 53 seconds

BANDAR SERI BEGAWAN

BRUNEI welcomes more foreign direct investments (FDIs) from China, said its Second Minister of Foreign Affairs and Trade Yang Berhormat Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng yesterday.

YB Pehin Dato Lim, a steering committee member in the FDI and downstream industry, said Brunei is pushing for economic diversification.

Brunei welcomes FDIs from China and other countries as it’s helpful to the country’s economy, the minister said in a meeting with the preparatory team for the Brunei branch of Bank of China (Hong Kong) Limited (BOCHK).

“We are trying to attract more tourists and industries to Brunei. We are happy to see BOCHK coming in and we want to work with China on many projects.”

Wang Xiaolin, head of the BOCHK Brunei Branch Preparatory Team, said Brunei is a potential market in Southeast Asia for the bank. “As the sole RMB clearing bank in Hong Kong, BOCHK has advantages to provide not only RMB operations but also other financial services to Brunei people and companies,” he said.

Xinhua