|UK in Brunei||Link|
|UK Trade and Investment Official Website||Link|
|Brunei Economic Development Board||Link|
|French Bruneian Business Association||Link|
|British Malaysian Chamber of Commerce||Link|
|British Indonesia Chamber of Commerce||Link|
|British Singapore Chamber of Commerce||Link|
|British Cambodia Chamber of Commerce||Link|
|British Chamber of Commerce Myanmar||Link|
|British Chamber of Commerce Philippines||Link|
The Britain Brunei Business Forum was founded under the patronage of the British High Commission in Brunei to enable British and Bruneian business people to meet together in order to further trade.
B.B.B.F assists Bruneian business people in finding British partners for enhancing both parties business performance and circulates information about opportunities for business with Britain through the Bruneian business community.
The forum provides a diverse and inclusive network to build opportunities for British, international and local organisations in Brunei with ties to British business.
United Kingdom - Business Secretary Vince Cable, Foreign Secretary William Hague and Trade and Investment Minister Lord Green today launched a new cross-government focus on trade and investment to help the British economy grow.
The UK Trade & Investment (UKTI) Strategy and the Foreign and Commonwealth Office (FCO) seven-point Charter demonstrate the Government’s dedication to supporting international business, championing UK business overseas and attracting investors to the country.
The UKTI Strategy and FCO Charter are available online.
United Kingdom - On 9 February 2011, the UK Government published its strategy for how trade and investment can drive global economic growth.
This means rejecting protectionism and ensuring a greater openness to trade and investment. Only by taking a new approach can countries be sure that they are supporting the poorest whilst capitalising on all the opportunities offered by a growth in global trade. Included in the strategy are a range of actions to help secure a strong, sustainable and open economy that benefits business both domestically and internationally.
Further background is provided here, and the full text of the strategy is available from the UK’s Department of Business, Innovation and Skills (BIS) website Department for Business Innovation & Skills.
AMONG the "usual suspects", present at a business networking session organised by the British Brunei Business Forum (BBBF) yesterday for a UK trade delegate at the Riviera Hotel in Kuala Belait, one organisation, which does not belong to the 'oil & gas' fraternity stood out.
James Peacock, Hull College Group Industry Development Director, told The Brunei Times, "There is no reason why we shouldn't be here."
He explained, "We provide the training for the staff of these people (the oil and gas and engineering companies), and of course we need them to know that we are standing right by them."
Hull College, he added, has a Centre of Excellence in the training of process in oil and gas and non-oil and gas industries, "and of course we are to be providing top quality training on various levels for the private sectors".
Hull College provides not only provides high level academic qualifications, but also provide training to entry level staff at the technical and vocational level, he said. "We can help support the local labour market in the particular skill set that various industries require, and that is why I am here at this session," added Peacock.(The Brunei Times)
The BBBF is an active business association for British and Bruneian business people, regularly providing regular speaker, networking and social events for its members. These include:
|Andrew Varley||CAA International||Aviationemail@example.com|
|Daniel Roberts||Jerudong International School||Educationfirstname.lastname@example.org|
|Lyndsay Rajah||HSBC||Banking Serviceemail@example.com|
|Ben Boddy||British High Commission||Government||Ben.Boddy@fco.gov.uk|
|Shazali Sulaiman||KPMG||Accounting Servicesfirstname.lastname@example.org|
|Stuart Kemp||BizAdvize Services Sdn Bhd||Business Advisory Servicesemail@example.com|
|Roger Ainsworth||Megamas Training Company||Trainingfirstname.lastname@example.org|
|Pg Aki Ibrahim||Standard Chartered Bank||Banking Service||Aki.Ibrahim@sc.com|
|Ian R Creighton||Willis Insurance Brokers Sdn Bhd||Insuranceemail@example.com|
|Doranita binti Dollah (Dora)||Fleet Rofhas Energy Services||Oil & Gasfirstname.lastname@example.org|
|S. Sivarajah||Laksamana College||Educationemail@example.com|
|Andrew Caie||QinetiQ||Defence Technologyfirstname.lastname@example.org|
|Jorge Vega||AEGIS Secure Solutions Sdn Bhd||Security Servicesemail@example.com|
|Jerome van Helden||Radisson||Hotelfirstname.lastname@example.org|
|Vincent Chok||SprintVille Technologies Sdn Bhd||Information Technologyemail@example.com|
|Charles Ting||Shengyu Trading||Tradingfirstname.lastname@example.org|
|William Martin||Glamco||Aviation, Aerospace & Defenceemail@example.com|
|Davis Ho||Asia Inc Forum||Business Forumfirstname.lastname@example.org|
|Ambrose Nathan||BizAdvize Services Sdn Bhd||Business Advisory Servicesemail@example.com|
|Wan Zainal||Wama Designs/BIG Magazine||Design/Publicationfirstname.lastname@example.org|
|Calvin Lo||HSE Practitioner & Advisor||Security Advisoremail@example.com|
|Dr Colin Ong||Dr Colin Ong Legal Services||Legal Servicesfirstname.lastname@example.org|
|Bina Chauhan||Jerudong International School||Educationemail@example.com|
|Chris Hayward||International School Brunei||Education||CHayward@ac.isb.edu.bn|
|Hj Amir Hj Osman||PTAS Sdn Bhd||Oil & Gasfirstname.lastname@example.org|
|Delon Hon||James Hon Marketing & Management||Educationemail@example.com|
|Eddy Tan||HJ Adinin||Oil & Gas, Constructionfirstname.lastname@example.org|
|Michael Salkeld||BAE Systems (International) Ltd||Defence, Aerospace & Securityemail@example.com|
|Dr.Roman Zytek||Autoriti Monetari Brunei Darussalam||Governmentfirstname.lastname@example.org|
|Jeff Lindsay||Royal Brunei Air Force||Defenceemail@example.com|
|Dr.Uluganathan Subramanian||Universiti Teknologi Brunei||Educationfirstname.lastname@example.org|
|Chris Webb||LS&A Sdn Bhd||Defenceemail@example.com|
H.E. Mr David CampbellHigh Commissioner
British High Commission
|David Campbell has been the British High Commissioner to Brunei Darussalam since October 2013. Mr Campbell joined the Foreign and Commonwealth Office (FCO) in 1981 and has served overseas in Europe, the Caribbean and Asia Pacific, including Singapore and the Philippines.|
|William Martin (Chairman)
Glamco Aviation (B) Sdn Bhd
|William was born in Singapore and has spent over 20 years of his professional life in Asia, the Middle East, Russia, the UK and the Caribbean running multi-cultural and multi-jurisdictional teams delivering service, analysing risk and implementing change. William is the Operations Manager for Glamco (B) Sdn Bhd - one of only two certified ground handling providers at Brunei International Airport (BIA) and the only private fixed base operator. Glamco focuses mainly on the corporate and general aviation operators that frequently pass through Brunei on technical, medical evacuation (medevac) or overnight stops. It is the preferred agent for a number of international flight planners and is recognised for its high quality services.|
|Charles Ting (Secretary)
|Charles Ting was born in Sarawak, East Malaysia. He is a graduate from the University of Louisiana, USA. From 1989 - 2009, Charles worked for the British High Commission in Brunei for over 20 years as Management Officer/Commercial Officer. He now runs his own business, Sheng Yu Trading Sdn Bhd, importing and distributing cooperate gifts and stationery items to all major department stores/book stores/ schools and offices in Brunei. The company is the sole distributor for a number of International brands such as Parker Pens, Helix (Oxford) Maths Set-UK, Waterman Pens, Maped Stationery items (France), UHU Glue Stic, UHU DIY, UHU Household, Lamy Pens, Online Pens and Herma Address Labels (Germany)|
|Lyndsay Rajah (Treasurer)
Head of Retail Banking & Wealth Management/Chief Operating Officer
|Lyndsay has been working in the banking industry for 25 years, with the majority of those years being spent in Brunei, with stints in Singapore and Vietnam. She currently holds the positions of Chief Operating Officer and Head of Retail Banking & Wealth Management at HSBC, Brunei. Her career has included roles in marketing, training, service and human resources.|
Head of Business Faculty
Jerudong International School
|An economist by training, Daniel has been teaching Economics and Business at Jerudong International School for five years. He is currently the Head of the Business faculty that delivers courses in Accounting, Business and Economics. He is also a senior examiner and international trainer in Economics for Pearson PLC. Before arriving in Brunei he was a Housemaster at Worth School, a boarding school in Sussex in the UK|
|Pg Aki Ismasufian
Corporate and Institutional Banking
Standard Chartered Bank
|Pg Aki Ismasufian joined Standard Chartered in April 2012 as Head of Corporate Strategic Initiatives. In April 2015, he was appointed Country Head, Corporate and Institutional Banking with responsibility for the corporate banking business of Standard Chartered. Prior to joining Standard Chartered, he was the Assistant Chief Executive Officer at the Brunei Economic Development Board. His portfolios included managing the Foreign Direct Investment Division, Stakeholder Relations Division and Chairman’s Office. Pg Aki is experienced in facilitating major BEDB projects, business analysis, managing stakeholder relations, public relations as well as marketing communications. He is a graduate from University of Wales Institute Cardiff, UK and is also a very keen sportsman. He has represented Brunei in a number of competitive tennis tournaments including the Davis Cup and ATP Challengers.|
Deputy High Commissioner
|Ben has worked for the British Foreign and Commonwealth Office for nearly 10 years. He was previously posted as the Political Economic Attaché at the British Embassy in Vienna and as a Staff Officer in the Caribbean. In London, Ben covered a variety of issues for the FCO, including the British Overseas Territories, oil and gold exploration in the South Atlantic and international crime. He enjoys running in Brunei’s fabulous jungle, surfing at Tungku, drinking tea tarik and travelling in South East Asia.|
QinetiQ Ltd (UK)
|Andrew is regional Senior Adviser to QinetiQ, a UK company providing independent defence and security expertise. He was a British career diplomat for 35 years, culminating in postings as Ambassador to Guatemala (1998-2001) and High Commissioner to Brunei (2002-2005). Andrew then spent six years in Kuala Lumpur, working mainly in the educational services sector. He has been based back in Brunei since 2011.|
BizAdvice Services Sdn Bhd
|Worked in a number of countries in South East Asia for over 20 years including Malaysia, Indonesia, Hong Kong and Brunei in various positions in the field of Finance. Experience was notably in Price Waterhouse in the management consultancy division specializing in mergers, acquisitions, receivership, corporatisation of government departments and managing an oil palm refinery. Had 16 years with G4S, the largest security company in the world in the role of Finance Director, Financial Controller of South East Asia and retiring as the Country Manager for the operations in Brunei.|
|Sivarajah Subramaniam (Siva) started his career working as a Trainee Manager for Advertising Company Ltd in London, United Kingdom and then as Demand Manager for Johnson & Johnson in Kuala Lumpur, Malaysia. In 2001, he came to Brunei to join what was then known as Kensington College of Business as a Management Trainee and Lecturer on both the Business Studies Professional and Academic Programmes. When Kensington was re-named Laksamana College of Business in 2003, Siva became Administration Manager, responsible for setting up and managing the first British private college in Brunei. In 2007, he was promoted to his current position as Chief Operating Officer of the College and in 2015 took up the new role as a Deputy Principal. He has responsibility for management and development of operational site of the college ranging from the marketing plan to development of new courses.|
LS & A Sdn Bhd
|Chris is Executive Chairman of LS & A Sdn Bhd and has been based in Brunei since mid-2008. LS & A Sdn Bhd is based in Brunei and deals with both Military & Police Forces in Brunei. The company also has regional activities, mainly in Malaysia & Indonesia. LS & A Sdn Bhd represents a number of UK companies both for Brunei & the region. Under current expansion plans LS & A Sdn Bhd are currently setting up a survival safety workshop to cater for the needs of the Royal Brunei Navy, Police & Fire Services, with future plans to cater for Brunei Shell|
|Yvonne Kuan Han
Cedar Management Services
|Yvonne Kuan Han is currently the General Manager for Cedar Management Services, a 100% locally owned financial and insurance service provider. She graduated in Marketing, Finance and Management from Australia before working for HSBC Brunei for 7 years. She remains active in the Brunei Australia Alumni Association (BAAA), serving as Vice President and was the first and only Female representing Brunei for the Asia New Zealand Foundation –Young Business Leaders Initiatives in 2014. She has also been Special Advisor and President of the Young Entrepreneurs Association of Brunei (YEAB) and was elected as President for the term 2010-2011.
Before deciding to concentrate on the insurance industry, Yvonne as part of her personal development had committed 2 years to traveling the world for Core Value Training, a values based leadership training program conducted in many locations around the world. She was the Asia Pacific Logistics Director.
|Dr. Colin Ong
Dr Colin Ong Legal Services
|Dr Colin Ong QC is a member of the Brunei, English and Singapore Bars. He is highly experienced as lead counsel and arbitrator in international commercial disputes. He is the first ASEAN national lawyer to have been appointed Queen's Counsel. In 2010, he became the first ASEAN non-head of state or senior judge made a Master of the Bench of the Inner Temple. He is or has been visiting law professor in many jurisdictions including Hong Kong University; NUS(Singapore); Kings College(London). He is President, Arbitration Association Brunei Darussalam; Advisor Governing Board, BANI(Indonesia); and Vice-President (Appointments) of Thai Arbitration Center (THAC).|
2.01, 2nd Floor, Block D,
Kompleks Bangunan Yayasan Sultan Haji Hassanal Bolkiah,
Jalan Pretty, Bandar Seri Begawan
PO Box 2197, Brunei Darussalam
Email : firstname.lastname@example.org
Telephone (+673) (2) 222231
Working Hours :
Mon - Thu : 0800 - 1630
Fri : 0800 - 1200
Watch this space for further news of our upcoming events. Your Committee is working on a fresh series of Speaker Events to resume in September after the Ramadan/Hari Raya celebrations and the mid-year school holiday season.
Javed Ahmad, the new Chief Executive Officer of Darussalam Enterprise (DARe), gave the BBBF a presentation on its role in helping to develop micro, small and medium-sized enterprises (MSMEs) in Brunei. He was assisted by Daniel Leong, in charge of Industrial Site Management.
Hosted by DARe in the Design and Technology Building in Kpg Anggerek Desa on 23 May, this well-attended event stemmed from a BBBF initiative to better understand the role and purpose of DARe and to identify ways in which we might help MSMEs through DARe by drawing on our membership’s wide range of skills and experience.
We learnt of Brunei’s need to diversify the economy, reducing its excessive reliance on the oil and gas sector. The aim is to increase non-oil exports from its current 5% to 50% by 2035. DARe explained that currently MSMEs in Brunei contribute far less towards the country’s GDP and its exports than the average of all ASEAN countries.
DARe’s key objective is to grow local enterprises and increase their contribution to the country’s GDP, its employment and its exports. To focus its efforts, DARe has identified five clusters of economic activity for specific support. These are halal, innovative technology and creative industries, business services, tourism, and the downstream oil and gas industry.
We also learnt that DARe supports MSMEs in a number of ways including training, finance, access to both land and markets, support services and promoting both entrepreneurship and business opportunities through the electronic media.
There followed a lengthy Q&A session, presided over by Javed Ahmad, which was lively, challenging and informative.
We found this an extremely useful meeting and a valuable start to what we hope will be a continuing dialogue with DARe, enabling the BBBF to make a worthwhile contribution towards nurturing Brunei’s MSMEs.
If members have ideas or views about how you think we might help, please get in touch with our Chairman, William Martin (email@example.com) or our Secretary, Charles Ting (firstname.lastname@example.org) We need to know what you think on this important subject.
Members were treated to a well-illustrated insight into the world of halal products and their production at the Rizqun hotel on 9 May by Dr Nur Rahman, CEO of Ghanim International Holdings which trades as “Brunei Halal”.
For those of us who have only the faintest understanding of “halal”, Dr Nur revealed that the term applies not only to food, but also to cosmetic and pharmaceutical products. The certification process is thorough and sounded not too dissimilar to the clinical trials that medicinal products go through before certified to be sold to the public. As long as the proper certification is carried out on the production process by a minimum of two certified Muslim supervisors, such a plant can operate anywhere in the world. This allows the potential for job creation in new markets in addition to supplying quality products at affordable prices.
Another key fact is that Brunei Halal uses only natural ingredients in its products, meaning that they contain no harmful additives or are “bulked out” with soy or other ingredients. In other words, a chicken goujon contains 100% chicken meat and no genetically modified organisms (GMOs). For those more conscious about health and diet (especially those suffering from diabetes, hypertension or heart disease) the low sugar, salt and fat content of Brunei Halal products means reduced risk of medical problems.
We learnt that the company already manufactures and sells to the UK and the Middle East from its Birmingham factory. Products such as frozen Chicken Goujons and Nuggets, Drumsticks, Slices, Lamb Burgers, and Kofta Sausages, artificial sweeteners and seasonings, Soy, crackers, cordials and water available in Brunei at local supermarkets (Supasave, Hua Ho) or at the Brunei Halal outlet at Warisan Mata Mata.
Those interested in knowing more about Brunei Halal’s products and prices can ask our Secretary, Charles Ting, to supply further details by emailing him at email@example.com
Andrew Varley, immediate past BBBF Chairman and Regional Manager (South-East Asia), CAA International, was our first speaker on 13 April at the Rizqun Hotel where he gave members a fascinating and insightful talk on aviation security entitled “Safe by Design”.
With 45 years’ experience in the aviation industry, Andrew was able to speak to his audience with a vast amount of knowledge and first-hand experience. Focussing in particular on the design and certification aspects of civil aviation, his essential message was that air travel has become safer by design.
Taking the audience through a series of graphically illustrated ‘milestone events’ over the last 70 years, he showed where the aviation community had learnt and shared what had gone wrong, leading to improvements including better technologies, systems and procedures which have been adopted internationally. These include human performance issues which have led to further improvements including a culture of open reporting.
Andrew also explained the vital role played by the current international aviation regulatory framework, which has improved design, testing and certification standards for aircraft worldwide. It has also ensured procedures for proper and regular maintenance of aircraft throughout their operational life as well as for continued airworthiness.
The meeting concluded with an equally interesting Q&A session ranging from the effects of both volcano ash and bird-strikes on aircraft engines to the future of pilotless passenger aircraft.
Our thanks go to Andrew for giving such an interesting and entertaining start to the year’s Speaker Events.
The AGM took place on Wednesday 15 March at the Residence of HE Mr David Campbell, British High Commissioner to Brunei. Mr Campbell and his team also kindly provided us with dinner afterwards and the opportunity to spend the rest of the evening networking at leisure with other members and guests.
This was an extremely well-attended event which began with words of welcome and introductory remarks from the High Commissioner. Chairman Andrew Varley then presented the Treasurer’s Report in Lyndsay Rajah’s absence. Membership has increased, whilst costs remain well under control, providing us with a healthy bank balance. Andrew’s own report followed, recording a highly successful programme of events and expressing thanks to all those who have actively supported both him and the BBBF over the past year.
A new Committee of 12 members was elected as follows:
Chairman: William Martin
Treasurer: Lyndsay Rajah
Secretary: Charles Ting
General Committee: Ben Boddy, Ambrose Nathan, Siva Sivarajah, Andrew Caie, Pg. Aki Ibrahim, Christopher Webb, Daniel Roberts, Yvonne Kuan and Dr. Colin Ong
William Martin, as our new Chairman, then offered some thoughts on the way ahead for the BBBF, welcoming aboard new Committee members and explaining how the new Committee would share responsibilities more evenly, hopefully working effectively as an integrated team. He also expressed our thanks to outgoing Chairman, Andrew Varley, for his hard work as both Secretary and latterly as Chairman for two years. He presented Andrew with a small souvenir gift from the BBBF as a token of appreciation.
Andrew Varley will be with us until he returns to the UK later this year. Meanwhile he will be giving a talk of his own to the BBBF on aviation safety on Thursday 13 April at the Rizqun Hotel. Please don’t miss it.
Our particular thanks go to HE Mr David Campbell for his generous hospitality and support in making this AGM and networking event such an unqualified success.
Following his highly topical and informative talk in 2015, we were delighted to welcome back Dato Timothy Ong to assess developments in Brunei. In his thought-provoking and incisive way, Dato Ong again treated us to a brief analysis of what was happening, what might happen and how this might play out in the years to come.
From discussion that followed, it was clear that Brunei has made headway in addressing a number of issues arising from lower oil prices and as a result, is better positioned to meet future challenges. Members discussed what these might be and how they might be addressed.
Thanks to the generosity of His Excellency, David Campbell, British High Commissioner, we were able to receive members at the Residence for the talk and a superb dinner and networking session for the final Speaker Meeting of 2016.
We were delighted to host H.E. David Campbell, British High Commissioner, for a review of plans following the UK’s vote to leave the EU back in June of this year.
At a well-attended gathering at the Hotel Rizqun, David reviewed the UK’s strengths and the steps planned for ensuring a smooth and orderly exit from the EU.
“Leaving the EU does not mean leaving Europe or indeed, the world,” he said. “The UK will continue to be a leader in all areas: the UN, G7, G20, amongst others and to maintain its diplomatic, trade, cultural and educational links with the rest of the world. A strong economy, rule of law, tourist and educational industry, a sports scene that is watched by the world, language, culture and its location between Asia and the US are all major factors in continuing to play a full part in world affairs.”
Our first Speaker Meeting after the summer break saw a joint gathering with the Arbitration Association of Brunei Darussalam and other guests where the Right Honourable, Sir Martin Moore-Bick, QC and Lord Justice, delivered an informative summary of the history, role and progress of the UK’s Commercial Court along with the benefits that have been the result. This was in the context of a similar court being set up in Brunei. Among the main advantages of a specialist Commercial Court presided over by Commercial Law specialists were: - Enforcement of the rule of law, giving confidence to businessmen that their interests would be protected; - Developing and updating laws to keep up with the ever-increasing changes in the business world; - Enforcement of decisions; - Expertise; - Development of “Best Practice” in processing cases. Following Sir Martin’s talk, a panel consisting of the British High Commissioner and BBBF members Dr Colin Ong and Hj Shazali Dato Hj Sulaiman gave their views from a business and legal perspective. Both stressed the importance of such a court in promoting the smooth running of business transactions as well as the diverse legal heritage of ASEAN and the need to provide for the requirements of Islamic banking. The overriding conclusion was that, for the court to succeed in Brunei, it needed the full support of the business community, as this has been (and continues to be) a key factor in the success of the UK’s court. Indera Motors, agents for Jaguar Land Rover in Brunei, kindly hosted the meeting surrounded by some of their luxury vehicles, before serving an excellent buffet which went down very well with members and hosts. Our thanks go to Alfred Yong Foh Seng (General Manager), Noormala Othman (Senior Executive Manager, Sales, Marketing & Business Development) and the Indera Motors team for their first-class hospitality as well as to the AABD and the British High Commission for organising such an informative event.
Did you know that global trade in education outranks that of trade in oil by a factor of almost 2? Our second Speaker Meeting of 2016 saw Dr Greg Keaney, Country Manager of the Centre for British Teachers (CfBT) in Brunei, give a highly informative and lively presentation on the potential in Brunei as a Centre of Excellence for English language teaching. You only have to look to see how high a standard of English is spoken in Brunei, and Greg outlined the numerous advantages that Brunei already has: safety, clean environment, low cost of living, quality of infrastructure and others. His conclusion? With investment and a bit of work, Brunei has another “hidden treasure”. Chairman Andrew Varley had to call a halt in the end to the stream of questions that followed, but they continued outside during the refreshment break. For those members who missed it but would like to know more, a copy of the presentation is available for download here. Our thanks to Siva Subramaniam for again hosting the event at Laksamana College of Business and for organizing the excellent refreshments afterwards.
At the first Speaker Meeting of 2016, members were treated to a fascinating expose by Mike Cotterill, International Business Director, Security for QinetiQ in the Asia Pacific and Middle East at Laksamana College of Business. In his talk, Mike offered a revealing and sobering glimpse of what is really going on in “cyberspace”. One of his interesting conclusions was that, in many cases, cyber wars are taking the place of conventional wars, and that there’s always something we can do to make sure that our information (often the most valuable resource in our business) is safeguarded as much as possible. The number of questions from the audience both in the meeting room and during the networking session afterwards showed that Mike’s content had clearly resonated with everyone present. To help members review their IT security, Mike also passed out a useful checklist to what to think about when reviewing IT security. A copy of this is available for download here. Our thanks go to Andrew Caie, for organising an excellent opening to the year’s Speaker Meeting lineup and to Siva Subramaniam for hosting the event.
Dr Roman Zytek, Chief Economist Monetary Policy and Investment at the AMBD, gave an informative and interactive talk on the general state of the global and ASEAN economies. Topics ranged from investments to inflation, energy to emerging markets and the demographic and human capital issues facing the region.
Dr Zytek made the meeting even more lively by encouraging participants to ask questions and challenge views held. His sense of humour and dynamic presentation of a wide-ranging and often little-appreciated subject were key to an active and good-natured debate amongst those assembled.
Dato Timothy Ong, Chairman of Asia Inc Forum, sharing his thoughts on AEC 2015
Lyndsay Rajah, chair of BBBF
The Asean Economic Community (AEC) is an achievable vision but it won’t happen by 2015 according to Dato Timothy Ong, the Chairman of Asia Inc Forum, who was the speaker at the event organised by the Britain Brunei Business Forum (BBBF), entitled “The Asean Economic Community: A Business Perspective”. Dato Timothy Ong is no stranger to the business economics of the Asean region and to me, he is the google human of economics who studies and understands the different kinds of factors that influences policies and the business environments especially among Asean countries.
"I still remember of the Asean Summit last year where Brunei was championing the event and the highlight of the Summit was the Asean Economic Community which they envision to be ready by 2015. Dato Timothy Ong believes that such target will be reached but not by 2015. This is because of the different policies, cultures, level of developments (developed and developing countries) and many more. But these factors alone will take some time before all the Asean countries can come to a consensus on AEC. I do have to agree on one strong point Dato raised and that is the level of urgency from different state leaders. Yes, all the state leaders are heading for AEC but perhaps the level of urgency ain’t the same. So this could affect the target of having AEC by 2015."
After Dato Ong’s delivery on his business perspective, he went on to answer questions raised by the invited guests ranging from deputy permanent secretaries, ambassadors, high commissioners, government officials to entrepreneurs. I have to admit the questions were ongoing until the end of the session and Dato Timothy was the right candidate to respond due to his vast knowledge of Asean policies and business culture.
I really learned more about Asean in that one hour than my history classes back in high school, Thank you to BBBF for the invitation.
During the Q & A session