Brunei now has better odds in increasing its overseas export with the introduction of MondeB2B – an online trading platform that mainly facilitates business between importers-exporters – into its commercial ecosystem.
The online marketplace developed under a partnership with local business coaching firm Suhbe.Co looks to link producers with overseas importers, via a ‘secured’ business-to-business (B2B) channel.
MondeB2B achieved such ‘security’ by validating all participating businesses on its platform first, with the help of local regulators, before allowing them to interact with other participants.
Besides linking businesses, MondeB2B also offered services to help firms strengthen their brands and become more ‘visible’, to better attract international partners and importers.
During a presentation at MondeB2B’s soft launching event at the Design and Technology Building, Anggerek Desa recently, Chief Operating Officer Juan Sebastian Olea explained what businesses can do by riding on the trading platform.
He said businesses can not only upload pictures and information on their products, but also launch special promotions; with importers given the chance to browse over a diverse range from all over the world.
Businesses can also communicate with each other via an online chat, allowing them to instantly negotiate deals, send and receive payments as well as manage shipment information conveniently and efficiently.
“They can all do this without having to worry about fraud, as we work closely with local regulators to validate businesses before allowing them to come to our platform,” he said.
“How we build trust is that, in every country we go to, the first thing we do is work with a validating organisation,”
“So with Brunei, its Darussalam Enterprise (DARe); In Indonesia it’s Kamar Dagang dan Industri Indonesia (KADIN); in Malaysia it is the Malaysian External Trade Development Corporation (MaTRADE); and in Philippines, it is the Department of Trade and Industry (DTI),” he added.
Olea also pledged that MondeB2B will work closely with DARe to better connect exporters, importers and business partners from Brunei, while also ensuring trust inside the marketplace.
Three Memoranda of Understanding (MoUs) were also signed between MondeB2B and the Brunei Malay Chamber of Commerce and Industry (DPPMB), Young Entrepreneurs Association of Brunei (YEAB) and logistics firm Jayapuri Sdn Bhd (UPS).
The MoUs entails that MondeB2B will be giving out training programmes and classes for members of DPPMB and YEAB; as well as special discounts whenever members of each associations do business on the platform.
UPS will also be providing benefits including discounts for its logistic services for MondeB2B members.
Waqiuddin Rajak | BANDAR SERI BEGAWAN