Business School to launch another 'incubator' programme
HADTHIAH PD HAZAIR
BRUNEI-MUARA
Thursday, January 24, 2008
GRADUATES of vocational-technical education will have a chance to turn their skills into business ventures with the business coaching programme to be launched on Feb 4.
The Business School in Gadong is opening up its doors wider to its graduates who are interested in joining its business incubator programme.
"We've 'incubated' two enterprises so far ... The programme will help them to market this and become entrepreneurs," said the programme's training officer, Pg Hjh Norashikkin Pg Dr Hj Amir. The objective of the three-phase programme, she said, is not just to reduce unemployment, but more importantly, accelerate private sector growth in the country.
The two-week phase, which involves visits to the Registrar of Companies Department, the Municipal Board and a LiveWIRE workshop, will train participants on the basic skills in managing a business.
"We'll also invite young successful entrepreneurs ... to share their experience with the participants," Pg Hjh Noorashikkin said.
To give participants a hands-on experience on how it feels to run a business, the programme has scheduled "business for a day". The session will allow them to operate a retail stall to offer and market their goods and services.
Those who go on to the second and final phases will be given full support in running their business.
"We guide our students when they start up their own businesses and also regularly monitor their progress."
Graduates involved in the second phase of the programme will have the opportunity to learn how to draft a business plan. They may also be sent for commercial exposure to ready themselves before they embark on running their own businesses.
"We 'incubate' our graduate entrepreneurs for an average of two years. In which time, they will receive full support from us. We also help them source for financing through the micro-credit scheme so they are able to expand," the training officer said.
The Brunei Times
Thursday, January 24, 2008
Sunday, January 20, 2008
SABAH Development Corridor (SDC)
Sabah development plan to be launched this month
KOTA KINABALU
Sunday, January 20, 2008
SABAH Development Corridor (SDC), set to be launched by Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi later this month, is seen as a symbolic new year gift for more than three million people in the state.
The initiative, a brainchild of Abdullah, is holistic in manner, covering all sectors of the economy, including infrastructure development and benefiting all segments of the community.
Soon after launching the new Kota Kinabalu International Airport's Terminal II building on February 14 last year, Abdullah indicated that development in Sabah needed to be accelerated.
In what is seen as a panacea to fast track development in Sabah, dubbed the 'Land Below The Wind', he said that there was a need for a blueprint called the Sabah Development Corridor or SDC to achieve the desired result.
Showing his seriousness in the matter, Abdullah then asked the state government under the leadership of Chief Minister Musa Aman to finalise the details as soon as possible, hoping for Sabah to become one of the most developed states in the country.
The Prime Minister is scheduled to launch the SDC, which will be spearheaded by the state's government-linked Yayasan Sabah, at the Sabah Container Port in Menggatal on January 29.
At a media briefing on the SDC here recently, Musa said: "We want a balanced development between urban and rural areas. This development corridor will cover the whole state and not just be confined to pockets."
"Sabah is a big state and if we were to develop only the eastern part, that is Lahad Datu, Tawau and Sandakan, the people in other areas, especially in the interior, might be left behind in terms of development," he said.
That's why we need to develop the whole of Sabah, so that everybody will share the cake of development, he added.
Musa said he believed that the SDC would benefit many people and enhance the quality of life of people in Sabah.
"This SDC is good for everybody and the people of Sabah can expect a better life and hence, we must work together to make it a reality," he said.
Musa said the SDC would create more job opportunities for Sabahans , thus helping to uplift the standard of life as well as reducing unemployement in the state.
The people of Sabah will take the lead, he added.Bernama
KOTA KINABALU
Sunday, January 20, 2008
SABAH Development Corridor (SDC), set to be launched by Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi later this month, is seen as a symbolic new year gift for more than three million people in the state.
The initiative, a brainchild of Abdullah, is holistic in manner, covering all sectors of the economy, including infrastructure development and benefiting all segments of the community.
Soon after launching the new Kota Kinabalu International Airport's Terminal II building on February 14 last year, Abdullah indicated that development in Sabah needed to be accelerated.
In what is seen as a panacea to fast track development in Sabah, dubbed the 'Land Below The Wind', he said that there was a need for a blueprint called the Sabah Development Corridor or SDC to achieve the desired result.
Showing his seriousness in the matter, Abdullah then asked the state government under the leadership of Chief Minister Musa Aman to finalise the details as soon as possible, hoping for Sabah to become one of the most developed states in the country.
The Prime Minister is scheduled to launch the SDC, which will be spearheaded by the state's government-linked Yayasan Sabah, at the Sabah Container Port in Menggatal on January 29.
At a media briefing on the SDC here recently, Musa said: "We want a balanced development between urban and rural areas. This development corridor will cover the whole state and not just be confined to pockets."
"Sabah is a big state and if we were to develop only the eastern part, that is Lahad Datu, Tawau and Sandakan, the people in other areas, especially in the interior, might be left behind in terms of development," he said.
That's why we need to develop the whole of Sabah, so that everybody will share the cake of development, he added.
Musa said he believed that the SDC would benefit many people and enhance the quality of life of people in Sabah.
"This SDC is good for everybody and the people of Sabah can expect a better life and hence, we must work together to make it a reality," he said.
Musa said the SDC would create more job opportunities for Sabahans , thus helping to uplift the standard of life as well as reducing unemployement in the state.
The people of Sabah will take the lead, he added.Bernama
Tuesday, January 8, 2008
S'pore prices have 'little effect' on Brunei
S'pore prices have 'little effect' on Brunei
HADTHIAH PD HAZAIR
BRUNEI-MUARA
Tuesday, January 8, 2008
SINGAPORE'S concerns over soaring prices of goods and services do not present any possible significant impact on the Brunei economy for now, according to analysts interviewed by The Brunei Times. They did not, however, rule out the probability of the global currency markets volatility affecting both the Brunei and Singapore currencies.
The recent hike in Singapore's inflation rate has neither good nor bad consequences for the Brunei economy. The Brunei dollar is pegged to the Singapore dollar on an equal exchange rate.
Singapore's inflation rate, which recently hit a 25-year high, has little effect on the Brunei economy.
"The (Singapore dollar-US dollar) exchange rate has moved from around 1.56 to about 1.45... It's not good or bad news," said Tareq Muhmood, CEO of HSBC Brunei. "For some things, it's cheaper now for example, the export for certain industries is cheaper because of the weakening US dollar."
On inflation, or the level of price increases, Brunei has little to worry about Singapore's 4.2 per cent rate recorded in November last year. Vincent Cheong, CEO of the Brunei Economic Development Board (BEDB), said the government's subsidy on most items in Brunei equates to a more controlled inflation rate for Brunei.
"Your (Brunei's) basket of inflation is generally for food and household items... which is subsidised by the government. Brunei would probably be affected, but the impact would not be strong," Cheong said, adding inflation would probably only hit non-subsidised items, such as cars and computers.
In October 2006, the island-state's de facto central bank tightened monetary policy, allowing the Singapore dollar to rise, but faced the task of balancing the strong climb in inflation with the effects of any economic slump in the US.
HSBC's Muhmood told The Brunei Times yesterday that this year there would be an expected volatility across the foreign exchange market due to the lingering effects of US mortgage market woes. This, he said, might affect the Brunei and Singapore currencies as well. The Brunei Times
HADTHIAH PD HAZAIR
BRUNEI-MUARA
Tuesday, January 8, 2008
SINGAPORE'S concerns over soaring prices of goods and services do not present any possible significant impact on the Brunei economy for now, according to analysts interviewed by The Brunei Times. They did not, however, rule out the probability of the global currency markets volatility affecting both the Brunei and Singapore currencies.
The recent hike in Singapore's inflation rate has neither good nor bad consequences for the Brunei economy. The Brunei dollar is pegged to the Singapore dollar on an equal exchange rate.
Singapore's inflation rate, which recently hit a 25-year high, has little effect on the Brunei economy.
"The (Singapore dollar-US dollar) exchange rate has moved from around 1.56 to about 1.45... It's not good or bad news," said Tareq Muhmood, CEO of HSBC Brunei. "For some things, it's cheaper now for example, the export for certain industries is cheaper because of the weakening US dollar."
On inflation, or the level of price increases, Brunei has little to worry about Singapore's 4.2 per cent rate recorded in November last year. Vincent Cheong, CEO of the Brunei Economic Development Board (BEDB), said the government's subsidy on most items in Brunei equates to a more controlled inflation rate for Brunei.
"Your (Brunei's) basket of inflation is generally for food and household items... which is subsidised by the government. Brunei would probably be affected, but the impact would not be strong," Cheong said, adding inflation would probably only hit non-subsidised items, such as cars and computers.
In October 2006, the island-state's de facto central bank tightened monetary policy, allowing the Singapore dollar to rise, but faced the task of balancing the strong climb in inflation with the effects of any economic slump in the US.
HSBC's Muhmood told The Brunei Times yesterday that this year there would be an expected volatility across the foreign exchange market due to the lingering effects of US mortgage market woes. This, he said, might affect the Brunei and Singapore currencies as well. The Brunei Times
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