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NEWS UPDATES Asean Affairs     August 5,  2016  

BIBD execs promote investment opportunities in Brunei

BANK Islam Brunei Darussalam (BIBD), the sultanate’s flagship financial institution, has promoted investment opportunities in the recent seminar on China-ASEAN Financial Cooperation held in Beijing.

In a statement issued yesterday, BIBD said bank officials promoted Brunei as a regional investment destination to senior officials from the China-ASEAN Interbank Association (CAIBA), as well as financial regulators from CLMV (Cambodia-Laos-Myanmar-Vietnam) countries.

BIBD also presented ideas on regional finance cooperation and cited financial cooperation opportunities in Brunei which include infrastructure development.

“In between the board meetings and seminars, BIBD has also made strides to create better understanding of Islamic finance amongst the CAIBA members, recognising its exponential growth and potential,” BIBD said.

The seminar, which carried the theme “The Belt and Road Initiative and Regional Financial Cooperation”, is part of CAIBA’s training and experience sharing programme.

Hj Mohd Yusri bin Hj Wahsalfelah, BIBD’s Deputy Head of Government Relations and Special Projects and Klaus Tay Chee Wah, Head of BIBD’s Singapore representative office, represented BIBD in the CAIBA seminar. BIBD is part of CAIBA, the eleven-member association consisting of leading financial institutions from all ASEAN countries and China.

The seminar served as a venue for CAIBA members to discuss ideas and share experiences on financial cooperation, Islamic finance, transportation and infrastructure construction, SME development and financing, cross-currency trade and risk management.

CAIBA has facilitated a business activity worth over US$1 billion. This enhanced collaboration among CAIBA members and supported key projects in member countries.

CAIBA aims to promote mutual trade and investment and provide the relevant financial services for infrastructure projects supported by the governments of China and ASEAN.

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By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




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