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| Brunei Darussalam Page last updated at 20:52 +0800,Friday, 30 July 2010 |
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In Brunei Darussalam, SMEs account for 48.5% of all businesses and provide 92% of total employment in the private sector or 27.6% of the total workforce. This was disclosed by the Deputy Permanent Secretary at the Ministry of Industry and Primary Resources, while officially opening the ASEAN Workshop on 'Sharing of Best Practices On The Establishment of SME Financial Facility'. The workshop is organised jointly by the Entrepreneurial Development Centre, Ministry of Industry and Primary Resources and SME Corporation Malaysia.
The two-day ASEAN Workshop held at the Rizqun International Hotel in Gadong aims to provide a platform, to share the outcome of the survey findings conducted earlier by small and medium enterprises or SME Bank of Malaysia with the assistance of all respective SME focal points in ASEAN Member States. In her opening address, Pengiran Hajah Mariana added that, as reported, SMEs are therefore a major source of employment in the country following a survey conducted by the Commonwealth Secretariat in June 2007. Pengiran Hajah Mariana also stated that The Ministry of Industry and Primary Resources, as the focal point for SME development, is committed to assist SMEs by adopting 3 broad approaches namely, expanding business opportunities, providing a favourable business environment for trade and investment, as well as ensuring that SME's are able to take full advantage of those opportunities.
This workshop is a joint cooperation project currently being executed by Brunei Darussalam and Malaysia as one of the four flagship projects listed under the Strategic Schedule of the ASEAN Economic Community, AEC Blueprint on SME Development for the period of 2009 to 2011. About 50 participants comprising those from the 10 ASEAN countries as well as from SME Agencies of the Plus Three Countries, China, Japan and Korea as well as Experts from SME Financial Institutions from ASEAN Member States are attending the workshop.
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