MIPR welcomes Brunei ranking
Friday, October 10, 2008
PEHIN Orang Kaya Seri Utama Dato Seri Setia Haji Yahya Begawan Mudim Dato Paduka Haji Bakar, Minister of Industry and Primary Resources, speaking on behalf of the Ministry of lndustry and Primary Resources (MIPR), as the partners institute of the Global Competitiveness Network (GCN) in Brunei Darussalam, welcomed the report and indicated that "Brunei Darussalam's Global Competitiveness Index (GCI) score and rank are quite respectable.
"The GCI score represents a third party assessment of what the country has achieved in its endeavour to develop a globally competitive economy, The 2008-2009 GCI score is a benchmark that Brunei hopes to surpass in the marathon race towards greater global competitiveness.
" This marathon requires consistent effort and unrelenting tenacity in addressing the various elements that need to be reformed in order to improve the country's level of competitiveness and achieve the goals of economic diversification. The report is timely as it will provide a boost in Brunei's drive in promoting inward investments, both from local and foreign sources."
Pehin Orang Kaya Seri Utama Dato Seri Setia Haji Yahya Begawan Mudim Dato Paduka Haji Bakar also said that "the 12 pillars of the GCI has 110 variables, 33 of which are based on hard data. The GCN team has assessed Brunei as having competitive advantages in 32 of those 110 variables.
The report also presented the perception of a representative sample of our business community on some of the challenges for doing business in the country. Clearly, while our current GCI index of 4.54 out of the 7 maximum score is respectable, there are things that can be done to improve Brunei's competitiveness.
For example, the task of enhancing our competitiveness requires the concerted and collaborative efforts of all stakeholders including government ministries and agencies, the business associations, entrepreneurs, managers and employees.
The MIPR is indeed committed to working with all in strengthening the country's competitiveness".
The Brunei Times
"The GCI score represents a third party assessment of what the country has achieved in its endeavour to develop a globally competitive economy, The 2008-2009 GCI score is a benchmark that Brunei hopes to surpass in the marathon race towards greater global competitiveness.
" This marathon requires consistent effort and unrelenting tenacity in addressing the various elements that need to be reformed in order to improve the country's level of competitiveness and achieve the goals of economic diversification. The report is timely as it will provide a boost in Brunei's drive in promoting inward investments, both from local and foreign sources."
Pehin Orang Kaya Seri Utama Dato Seri Setia Haji Yahya Begawan Mudim Dato Paduka Haji Bakar also said that "the 12 pillars of the GCI has 110 variables, 33 of which are based on hard data. The GCN team has assessed Brunei as having competitive advantages in 32 of those 110 variables.
The report also presented the perception of a representative sample of our business community on some of the challenges for doing business in the country. Clearly, while our current GCI index of 4.54 out of the 7 maximum score is respectable, there are things that can be done to improve Brunei's competitiveness.
For example, the task of enhancing our competitiveness requires the concerted and collaborative efforts of all stakeholders including government ministries and agencies, the business associations, entrepreneurs, managers and employees.
The MIPR is indeed committed to working with all in strengthening the country's competitiveness".
The Brunei Times
Business Besides Oil
