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BBBF
Hosts Debate on Economic Diversification: High Value Service
Sector Most promising in ASEAN
18th
October 2012
The Britain Brunei Business Forum (BBBF) were
delighted to feature a talk on Capturing ASEAN High Value
Service Opportunities & Investment Case for Brunei
Darussalam by Mr Paulius Kuncinas, Regional Editor for Asia,
Oxford Business Group (OBG) at Radisson Hotel.
Yang Mulia Dato Paduka Awang Haji Ali bin
Haji Apong, Deputy Minister at Prime Minister’s Office and
also Chairman of Brunei Economic Development Board graced
the event as Guest of Honour.
His Excellency Rob Fenn said:
“We
can all agree that Brunei’s future looks bright. But light
is a spectrum of many colours. At which wavelengths will
Brunei Darussalam shine most brightly?
The Britain Brunei Business Forum
has a stake in Brunei’s current prosperity, but also an
interest in helping the government deliver future
prosperity, by selecting the right fields for economic
diversification and by raising levels of productivity. To
help us think this through, and to put Brunei’s choices in a
regional context, we invited Paulius Kuncinas,
Regional Editor for Asia of the Oxford Business Group, to
address us. As our Guest of Honour for the occasion, we are
especially delighted that Yang Mulia Dato Paduka Awang Haji
Ali bin Haji Apong, Deputy Minister at the Prime Minister’s
Office and Chairman of the Brunei Economic Development
Board, was able to attend.”
Lai Pei-Si, Chairperson of BBBF said:
“To further our
economic & diversification agenda, Brunei Darussalam must
tap into our advantage of being within South East Asia, one
of the fastest and most vibrant growth areas in the world.
BBBF is delighted to have the opportunity to tap on the
expertise of Mr Paulius Kuncinas on his knowledge of ASEAN
countries, areas of opportunities and most of all Brunei’s
role in the growth.
After many years of being neglected by
international investment community and overshadowed by so
called BRICs, ASEAN is now indeed coming into its own and
has become one of the most vibrant growth areas in the
world. In 2013 Brunei will have a unique historical
opportunity to set agenda for AEC 2015. Services will play a
key part in negotiations on opening up of borders and giving
access to regional investors. With strong national interests
to protect domestic manufacturing sectors the main
opportunity in ASEAN will be in high value added services
that meet the needs of Fortune 500 multinational companies.
Paulius Kuncinas, Oxford Business Group’s Regional Editor
for Asia presented a regional perspective on how Brunei
Darussalam could emerge as an important player in a number
of service sectors particularly in legal, finance,
communications, logistics, research and innovation as well
as health and education.
The BBBF is a business association focused,
historically, on facilitating trade between Britain and
Brunei. With Associate Membership in place, the BBBF looks
to forge a relationship with Brunei’s future business
leaders and strengthen ties between the two countries for
the benefit of both.
Existing Students with an association to the
UK – either currently studying in the UK or with a College
affiliated to the UK and Alumni of UK colleges –based in the
UK or with a Bruneian based College affiliated to the UK –
who have completed their studies within the last three years
are all qualified to apply for Associate Membership.
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