BIBD Shows Support for MSME Development

Bank Islam Brunei Darussalam (BIBD) is once again participating at the Brunei MSME Festival as part of its ongoing commitment to support the nation’s goal of promoting the growth of MSMEs in Brunei. Organised by Darussalam Enterprise (DARe) at the BRIDEX Hall in Jerudong, the Brunei MSME Festival is a platform to raise awareness of Bruneian products and services while promoting and celebrating entrepreneurship.

The 4-day event will also include themed conference and interactive sharing session covering various key topics and issues relevant to MSMEs and the general public to promote entrepreneurial culture and development. To enliven the festival, BIBD has also relaunched the “Top Up Tah Lagi” campaign, a 3-month promotion aimed at promoting and encouraging customers to use cashless and digital payment methods more regularly.

The BIBD “Top Up Tah Lagi” campaign rewards BIBD customers who top-up their DES, DST or Progresif credits using BIBD’s convenient digital platforms such as BIBD Online,
BIBD NEXGEN Wallet and ProgresifPAY.

The campaign, which begins on 16th March until 15th June 2023, offers a range of exciting prizes including round trips to Japan and Vietnam as well as overnight stays at The
Empire Brunei, Rizqun International Hotel and The Lanes Hotel.

To further complement and promote cashless payment at the festival, Pocket, the cashless payment mobile application operated by ThreeG Media Sdn Bhd, will also
demonstrate the use of self-service kiosks at their booth. As one of the main partners of the event, BIBD is also participating at the festival through its SME360 team, which demonstrates the bank’s commitment to support and engage with small business owners and to offer advice and support to help these businesses grow.

Through the SME 360, BIBD offers to deliver comprehensive solutionts that make banking more efficient, cost-effective and readily accessible to SME clients as well as creating
long-term support and sustainable change through education, community and development of local entrepreneurs.

“Supporting small businesses is crucial for economic growth and development and as the nation’s Partner in Progress, BIBD is aware of the importance of our role in helping these
businesses succeed. Through events like these, MSMEs can find out more about how we can provide a range of financial products and services that are tailored to their specific
needs,” said, BIBD’s Head of Corporate Banking Group, Koh Swam Sing.

“By supporting SMEs, banks not only contribute to the growth and success of individual businesses but also to the wider economy, consistent with the Bank’s commitment to support the UN Sustainability Development Goal of encouraging entrepreneurship and job creation,” he added.

Also taking part at the festival are entrepreneurs from the Projek Tunas which includes vendors from BIBD SEED Programme (Special Underprivileged Mothers Empowerment Entrepreneurship Development); Usahawan Bakarih Yayasan (Yayasan entrepreneurship Assistance programme); Muallafprenuers Consortium from Islamic Da’wah Centre (PDI);
and One Village One Product (1K1P) programme. The Tunas Project (Projek Tunas) is a collaboration between BIBD and the MoHA to provide a marketplace for underprivileged segments to earn a living as well as the opportunity for micro and small enterprises to learn and train in key skills required to establish themselves into successful entrepreneurs and gain market access.

Present to officiate the launching of the festival was Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and
Minister of Finance and Economy II.

A conference was also held at the festival which brought together experts from the public and private sectors as well as academia to discuss how businesses, particularly
MSMEs, could leverage on innovation to scale and build resilience. Also present at the event were members of the BIBD management as well as staff and personnel of the bank.

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