GLCs involvement in bettering the private sector can attract more FDIs

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Minister of Primary Resources and Tourism, Yang Berhormat Dato Seri Setia Awang Hj Ali Bin Hj Apong (C), Minister of Finance and Economy II and Chairman of RB Board of Directors, Yang Berhormat Dato Seri Setia Dr Awang Hj Mohd Amin Liew Bin Abdullah (2nd L), Minister of Communications, Yang Berhormat Dato Seri Setia Awang Abdul Mutalib Bin Pehin Orang Kaya Seri Seria Dato Paduka Haji Mohammad Yusof (2nd R), RB Chief Executive Officer, Karam Chand (L) and Airbus Executive Vice President (EVP) Asia, Mr Jean Francois Lava (R) launching RB’s Airbus A320neo fleet at hangar 3 of the Brunei International Airport. Image: RIdhwan Kamarulzaman

Analisa Amu
BANDAR SERI BEGAWAN

The involvement of government-linked companies (GLCs) in improving the overall performance of private sector is crucial to attract more foreign direct investments (FDIs).

Yang Berhormat Dato Seri Setia Dr Hj Mohd Amin Liew Abdullah, in a speech at the launching ceremony of RB (Royal Brunei Airlines) Airbus A320Neo fleet on Saturday, said by using available resources, GLCs serve as a medium to provide and deliver cost-effective solutions to industries.

“The efficiencies and value added to the industry each company operates in will benefit not only the customers but the nation as whole,” said the chairman of RB’s board of directors.

He added Darussalam Assets, through its companies, fills in that gaps that have been previously identified with introduction of new strategies and products.

Minister of Finance and Economy II and Chairman of RB Board of Directors, Yang Berhormat Dato Seri Setia Dr Awang Hj Mohd Amin Liew Bin Abdullah delivering his remarks during RB’s launching ceremony of the Airbus A320neo fleet at hangar 3 of the Brunei International Airport. Image: RIdhwan Kamarulzaman

YB Dato Seri Setia Dr Hj Mohd Amin Liew further said RB’s brand evolution and operations transformation is parallel to Darussalam Assets’ vision to institute and inspire excellence within the portfolio of GLCs it oversees.

“As a shareholder, Darussalam Assets endeavours to build a sustainable foundation to spur economic vitality in harmony with nation building objective. RB’s journey is an important milestone to highlight and celebrate,” he said.

The minister also highlighted that Brunei has a huge potential for tourism that requires coordinated effort to strategise and deliver “truly Bruneian” products.

“RB in close relation with Brunei Tourism has created a marketing campaign to showcase what Brunei can offer. A successful destination marketing campaign will not only expand Brunei’s hospitality, leisure and tourism sectors but allow the involvement of micro, small and medium enterprises (MSMEs),” he said.

With RB’s growing destinations network, entrepreneurs and MSMEs may enjoy increased connectivity to the global market and create access to more opportunities abroad.

“I believe that Brunei’s GLCs play an imperative role in this nationwide mission to diversify, improve and better the economy,” said the RB chairman.

The Bruneian