ASEAN KEY DESTINATIONS
Bruneihalal to enter 6 new markets
THE bruneihalal brand is looking to expand into six target markets over the next few years, said CEO of the brand holder Ghanim International Corporation Sdn Bhd.
Over the next few years, the company is planning to expand to China, Middle-East, Japan, Malaysia, Indonesia and Singapore.
“We want to target these markets, we are already present into the UK. Our (production) plant in UK is bringing into Brunei and also to other ASEAN markets as well as the Middle East,” said Dr Md Nur Rahman in an interview with The Brunei Times yesterday.
“The bruneihalal brand in the market has a very strong case and strategy to grow. We are growing significantly compared to where we were a few months ago.
“We have a huge opportunity to go into the export market... huge interest from the overseas market,” he added.
Dr Md Nur Rahman also said that they are planning to have their own export-orientated production plant in Brunei where they can manufacture and export to the international market.
He said this is where they are working with foreign direct investment, so they would be able to have the technology and establish a proper plant in Brunei.
“This is our intention. It is difficult to set a timeline because we are also working with FDIs, so we are hoping that over the next 12 months we will have a proper plan and implementation strategy.”
One of the potential FDIs, Australian Wholefoods, a major ready-meal maker in Australia, said that they have been in Brunei for three visits and have been assessing all the opportunities.
“We have found the possibilities are great, there are certain things we would like to be able to consider so that with the right discussion we can be confident,” said Ray Khabbaz, director of Australian Wholefoods.
He stressed that they want to be confident in the infrastructure so that they would be making enough to supply their customer markets, and that they are working together with Ghanim and respective government agencies and other players to better understand where the gaps are and how they can be filled.
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Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.