BANDAR SERI BEGAWAN Saturday, August 7, 2010 A BUSINESS networking group met for the first time at the iCentre yesterday with aims of sharing ideas and bringing people of all different business backgrounds together. Keeran Janin, managing director of Expansys Technologies, in partnership with the iCentre brought about the idea of forming a group called .
BANDAR SERI BEGAWAN Saturday, August 7, 2010 Ho Yapp Meng, Mei Kong Café BUSINESS activities in Bandar have dwindled over the years with new commercial areas like Gadong, Kiulap and Serusop emerging. Ho Yapp Meng, owner of Mei Kong Cafe in the middle of town, has seen the town evolve since almost 60 years ago. .
BANDAR SERI BEGAWAN Saturday, August 7, 2010 BRUNEI is looking forward to attracting new trade partners and investments from the West with the anticipated conclusion of the ongoing negotiations for the Trans-Pacific Partnership (TPP). There is a potential for a lot more business trade and investment opportunities with the United States once the TPP is .
Up to eight potential hydrocarbon-bearing zones have been discovered in the Lukut-1 well based on the preliminary results of a recent wireline logging programme, AED Oil Ltd said yesterday. Gas shows were reported at 1,745m, 1,945m and from 2,150m to 2,185m. Testing of the well is scheduled to begin in July 2010 and discussion is .
BANDAR SERI BEGAWAN Friday, June 25, 2010 FAJR Capital Limited is in the final stages of discussion with the Brunei government represented by the Ministry of Finance for a minority investment in the Sultanate’s largest financial institution, Bank Islam Brunei Darussalam (BIBD). This was announced yesterday in a statement released by Fajr Capital, which said .
BANDAR SERI BEGAWAN Wednesday, June 9, 2010 THE Brunei Economic Development Board (BEDB) is looking to do a feasibility study, funded by the Spanish government, on turning waste into energy through incineration. This study will follow the creation of a modern waste management facility at Sungai Paku which Dato Paduka Timothy Ong, the board’s acting .
BANDAR SERI BEGAWAN Wednesday, June 9, 2010 A MODERN waste management facility project, located at Sungai Paku and worth $66.5 million, has been approved by His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, the Brunei Economic Development Board (BEDB) announced yesterday. Dato Paduka Timothy Ong, acting chairman of the board, said, “BEDB would .
BANDAR SERI BEGAWAN Tuesday, June 8, 2010 Food giant Nestlé does not see itself working together with the Brunei Halal Brand at this time as it doesn’t see itself manufacturing in Brunei, said a top executive. But Peter Vogt, managing director of Nestlé (Malaysia) Bhd, told The Brunei Times “that in terms of exchanging views .
BANDAR SERI BEGAWAN Tuesday, June 8, 2010 The fifth International Halal Market Conference saw numerous discussion on halal products. Food manufacturing giants Nestlé, who has been in the business for 150 years or so, were also in attendance and Managing Director Peter Vogt along with the company’s Chairman of Halal Committee Regulatory Affairs Othman Mohd .
BANDAR SERI BEGAWAN Monday, June 7, 2010 Minister defends high cost of processing THE cost of getting the Brunei halal accreditation may be hefty, but the Sultanate won’t allow any short cuts that could lower the standards, the Minister of the Industry and Primary Resources yesterday said at the close of the International Halal Market .
BANDAR SERI BEGAWAN Thursday, June 3, 2010 DRILLING operations at the Lukut-1 well in Tutong have intersected possible reservoirs, AED Southeast Asia Ltd announced yesterday. It is the first onshore oil well drilled in Brunei in 24 years. In a statement, the Melbourne-based company said, “the Lukut-1 well recently reached its extended target depth of .
BELAIT Wednesday, May 26, 2010 BRUNEI’S first shipment of 10,000 metric tonnes of methanol set sail to China on Monday night, marking the first major downstream activity for the Sultanate and an important milestone on the country’s road to economic diversification. Brunei Methanol Company’s (BMC) Deputy Chief Executive Officer Mohd Reduan Hj Mohd Yusof said .
BELAIT Wednesday, May 26, 2010 AS BRUNEI’S first methanol exporter, Brunei Methanol Company Sdn Bhd (BMC) is trying to capture as much value in sales as possible through a plan to diversify its market by selling to different countries. Deputy Chief Executive Officer Mohd Reduan Hj Mohd Yusof said yesterday the global market constantly changes .
BANDAR SERI BEGAWAN Tuesday, May 25, 2010 THE battle against climate change must not revolve around finger-pointing, rather, it must start with changes at the personal and community levels, said panelists during the sixth World Islamic Economic Forum (WIEF) held last week in Kuala Lumpur. The Special Leaders Dialogue on Climate Change entitled “Putting a .
BANDAR SERI BEGAWAN Tuesday, May 25, 2010 WITH the International Halal Market Conference (IHMC) 2010 coming up, industry experts and businessmen are wondering what to expect from this year’s summit on June 5-6. Hajj Abdalhamid David Evans, managing director and senior analyst of Imarat Consultants, official event manager of the IHMC 2010, said that although .
KUALA LUMPUR Monday, May 24, 2010 ISLAMIC financial institutions are faced with several challenges which have to be addressed before their products can be marketed at a global level, experts said. Humphrey Percy, chief executive of the Bank of London and the Middle East, said there were 1.6 billion Muslims in the world, but only .
KUALA LUMPUR Monday, May 24, 2010 BRUNEI’S halal drive is headed in the right direction, a top executive of the Malaysian agency coordinating all halal initiatives told The Brunei Times, citing the Sultanate’s decision to focus on strict certification and standards and outsourcing production overseas. Dato’ Seri Jamil Bidin, chief executive and managing director of .
KUALA LUMPUR SMALL-TO-MEDIUM enterprises (SMEs) are the main source of industry in most developing nations, say panelists at the World Economic Forum (WIEF) session Kuala Lumpur Convention Centre in Malaysia’s capital yesterday. The main strengths of SMEs were outlined at the session entitled “Empowering SME’s: Turning size into a comparative advantage”, held on the second .
KUALA LUMPUR DURING the crisis in 1998, it was said that Asia had a heart attack, the recent one however, “the world had a heart attack”, said Managing Director of Malaysia’s Khanazah Nasional, Tan Sri Azman Hj Mokhtar during the Global CEO Panel at the sixth World Islamic Economic Forum (WIEF) entitled “The New Game .
KUALA LUMPUR BIBD At-Tamwil will take cues from His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam’s recent titah to make further improvements to the way business is conducted. General Manager Irwan Lamit, who was a delegate during the just-ended Sixth World Islamic Economic Forum (WIEF), said that His Majesty’s titah would be on .
KUALA LUMPUR COUNTRIES aiming to tap into tourism to stimulate their economies are urged to work with what they have and leverage on it to attract visitors. At the World Islamic Economic Forum yesterday, Tourism Malaysia Chairman Datuk Dr Victor Wee cited Malaysia’s example, saying his country had even harnessed the monsoon to promote tourism, .
KUALA LUMPUR ISLAMIC businesses were advised to tailor products to the new Muslim consumers, who are young, innovative, aware and proud of their religion, without necessarily neglecting non-Muslim consumers. Participants of the Sixth World Islamic Economic Forum (WIEF) heard this yesterday during a session on “Islamic Branding: Reality or Myth”. John Goodman, president of Ogilvy .
KUALA LUMPUR Green bank to promote ecology PARTICIPANTS of the Sixth World Islamic Economic Forum (WIEF), adopted five proposals, ranging from holding summits to help spur growth in Muslim countries to setting up a green bank to help nations’ efforts to address climate change, at the close of the summit yesterday. Tan Sri Ahmad Fuzi .
KUALA LUMPUR SIA Engineering Company Limited (SIAEC) announced that they have signed a $42 million fleet management programme (FMP) contract with national flag carrier Royal Brunei Airlines (RBA) yesterday. In a statement released by SIAEC, the contract will involves the maintenance and fleet management services for RBA’s fleet of six Boeing B777-200ER aircraft which are .
KUALA LUMPUR HIS Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam said that he has been following the World Islamic Economic Forum (WIEF) closely since its first ever session, in 2005, the same year as the groundbreaking Special Summit in Mecca and believes that positive strides have been taken by Muslim communities since then. .
KUALA LUMPUR JUST and fair. His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam highlighted these two words as values that Islam contributes to global business as it looks forward to an economic resurgence. In a titah delivered at the Sixth World Islamic Economic Forum (WIEF) here, His Majesty noted that there have been .
KUALA LUMPUR World Islamic Economic Forum (WIEF), Kuala Lumpur: A COMMON challenge women and youth face in the business world is getting access to funds to finance their business ventures, Malaysia’s Deputy Prime Minister Tan Sri Muhyiddin Yasin said yesterday. In his opening speech at the sixth World Islamic Economic Conference (WIEF) Young Leaders Network .
KUALA LUMPUR SMALL to medium enterprises (SME) in Brunei are not affected much by the global financial crisis; which is why women entrepreneurs should take advantage of the situation by diversifying, learning about e-commerce and marketing, said Brunei’s Women Business Council President. Datin Paduka Hjh Rokiah Zakiah, speaking at the Sixth World Islamic Economic Forum .
KUALA LUMPUR HIS Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam arrived yesterday in Kuala Lumpur to attend the Sixth World Islamic Economic Forum (WIEF) which opens today. His Majesty is expected to deliver a titah at the opening ceremony and attend the official luncheon. On arrival at the Subang Airforce Base, His Majesty .
KUALA LUMPUR THE sixth World Islamic Economic Forum (WIEF), which opens today here in Kuala Lumpur, promises to provide policymakers in governments and business with the intelligence needed to benefit from an anticipated economic revival. Themed “Gearing For Economic Resurgence”, the forum will bring together world leaders, businesses, entrepreneurs and small-to-medium enterprises (SME) from around .
