Home » MIPR To Work With S’pore Firm On SME Development

MIPR To Work With S’pore Firm On SME Development

News From : DagangHalal.com (15 Apr 2010)

THE Ministry of Industry and Primary Resources (MIPR) will collaborate with economic and financial development company on technical assistance programmes to further develop the primary resources sectors of agriculture and agri-foods, fisheries and ecotourism, and the Islamic Financial and Halal Market in Brunei.

A memorandum of understanding on the partnership between the ministry and Singaporean company Vector Scorecard (Asia-Pacific) Pte Ltd will be signed today. A contract agreement of the National Study on “The ‘5I’ readiness and need analysis for Bruneian SME’s” will also be signed.

The collaborative programme will focus on promoting growth of small-medium enterprises (SMEs) with four main objectives: to assess the strength of local SMEs’ core competencies, processes and practices; analyse their primary needs and requirements; identify high potential local businesses and evaluate their capital and investment needs; and to examine the state of readiness of local businesses to go global.

The MoU will pave the way to identifying common interests of both parties, as well as towards developing programmes for cooperation related to training, information, research and development, among other activities.

In a release, MIPR acknowledged that Vector Scorecard Group could play a significant and catalytic role in facilitating industrial development in Brunei, with its expertise working in a number of industry groups, in areas such as financial management, human resource development and entrepreneurial development programmes.

Vector Scorecard also has conducted research into a range of national policy and practice issues, which could be utilised in the development of appropriate training programmes for SME development.

Ying Chia — The Brunei Times

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