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Top Story: BEDB chairman calls on SMEs to enter Vietnam, other regional markets
Small and medium enterprises must penetrate regional and global markets if they wish to grow, the chairman of the Brunei Economic Development Board said yesterday. Speaking to The Brunei Times at the Brunei Darussalam-Vietnam Business Forum on Wednesday, Dato Paduka Hj Ali Apong, who is also deputy minister at the Prime Minister's Office, said the Brunei Economic Development Board (BEDB)'s chief role was to help SMEs venture overseas. Dato Ali urged firms to consider investing in Vietnam, a large, relatively untapped consumer market.
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Top Story: Dismal productivity threatens Brunei's rich nation status
If productivity in Brunei continues to decline, the Sultanate will no longer be among the top ten richest nations by 2023, the deputy minister at the Prime Minister's Office and chairman of the Brunei Economic Development Board said yesterday. Dato Paduka Hj Ali Hj Apong, who was speaking during the Brunei Business Forum yesterday at the Radisson Hotel, said Brunei's economy had been "growing at a relatively disappointing rate" compared to the country's ASEAN neighbours, averaging just 1.3 per cent per annum over the last 10 years.
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Top Story: ASEAN Experts Group on Competition meets in Brunei
The two-day meeting is attended by representatives of authorities and agencies responsible for competition policies from the 10 Asean member states and the Asean Secretariat. It is chaired by Awg Hj Amer Hamzah bin Pehin Orang Kaya Amar Pahlawan Dato Seri Setia. Awg Hj Zakaria, Deputy Permanent Secretary at the Prime Minister's Office. Brunei Darussalam holds the current chairmanship for the Asean Experts Group on Competition for the period 2012/2013. The next chairmanship of the AEGC in 2013/2014 will be taken up by the Philippines.
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