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| Brunei Darussalam Page last updated at 20:52 +0800,Friday, 30 July 2010 |
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Touching on the environment, His Majesty stressed that intensive development is meaningless if the environment is compromised or jeopardised. This is because the country still needs fertile land, clean air and drinking water and even clean sea water which is not polluted. According to His Majesty, all these factors are the true sources of prosperity.
His Majesty Titah 2
Hence, the time has come for us to expedite the legislation of laws or regulations for more orderly development. For example, we need to enforce an environmental impact assessment mechanism and the likes for development projects. Equally important to be mentioned are financial-related matters. Recently, my government had implemented a regulation controlling the use of credit cards. This measure has drawn the attention of various quarters and became a topic of conversation. The objective of the government is for us to understand that lavish lifestyles based on mounting debts is a fragile luxury that will only bring losses in the long run. Even though at the early stage, the measure may cause difficulty to some people or institutions, the government believes the measure is appropriate in order to take care of the people's well-being in the long-term. This is one of our strategies toward creating the economy - one of the three pillars of the Brunei Vision 2035. The country needs more orderly, stable and attractive economic policies as well as a conducive investment environment that can serve as a catalyst for comprehensive economic growth. Likewise, efforts that will enable us to balance shortcomings in the domestic, regional and global markets are also needed and make a transformation into a more positive and beneficial end.
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