Chinese firms encouraged to invest in Brunei

NANNING, China (Borneo Bulletin/ANN) - The Ministry of Foreign Affairs and Trade yesterday hosted the Brunei Investment Promotion Seminar in conjunction with the 15th China-Asean Expo (CAEXPO) and the 15th China-Asean Business and Investment Summit in the south-central Chinese city of Nanning.

During the seminar, Chief Executive Officer (CEO) of the Brunei Economic Development Board (BEDB) Soon Loo encouraged more companies from China to invest in Brunei Darussalam, citing its low crime rate and taxation rates.

When he asked members of the audience whether they had visited Brunei, several replied in the affirmative, saying that they were well aware of Brunei’s strong currency.

Another presenter at the event was Vice General Manager Fazilah Yassin of the Muara Port Company Sdn Bhd (MPC), which is a joint venture company between Brunei’s Darussalam Assets Sdn Bhd and China’s Guangxi Beibu Gulf Holding (Hong Kong) Co Ltd.

Formed on February 15, 2017, the MPC took over operations of the Muara Container Terminal on February 21, 2017, and subsequently the Muara Container Terminal on July 18, 2018.

Also giving presentations at the seminar were CEO of Golden Corporation Desmond Lim and Business Development Manager of International School Brunei (ISB) Ang Beng Siong.

Among those in attendance were Vice Secretary General of the CAEXPO Secretariat Lan Tiemin and representatives of the Brunei Government.