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Business online registration grew in 2015

THE number of businesses registered online in 2015 grew to 568 from the 474 recorded in 2014, demonstrating the Brunei’s encouraging improvement in mak-ing it easy to set up a business in the country, said the Minister of Finance II yesterday.

In a speech delivered at the opening of the Enterprise Open Day for Small and Medium enterprises (SMEs), Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Hj Abdul Rahman Hj Ibrahim, who is also the Minister at the Prime Minister’s Office, said Brunei had recently improved its placement on the World Bank’s Ease of Doing Business (EODB) 2016 ranking.

The country was ranked 84th out of 189 economies — 21 notches higher than its revised 105th ranking in the previous year.

“This significant improvement showed that government agencies are working hard towards closing the gap between the quality of regulations and speediness of implementation or processes,” said the minister.

One of the reforms implemented by the government to ease doing business in Brunei which falls under the ‘Starting a Business’ indicator in the EODB report, is enabling an entrepreneur to start a business in just one day.

“This initiative has yielded positive results as the number of businesses registered online in 2015 grew to 568 compared to the 474 recorded in 2014,” YB Pehin Dato Hj Abdul Rahman said.

Creating a conducive business climate is high on the agenda and has become the focus of the government of His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, The Sultan and Yang Di-Pertuan of Brunei Darussalam in the past one-and-a-half year.

This is evident when His Majesty appointed His Royal Highness Prince Hj Al-Muhtadee Billah, The Crown Prince and Senior Minister at the Prime Minister’s Office (PMO) as Chairman of ‘PENGGERAK’ – a unit at the Prime Minister’s Office (PMO) that focuses on achieving national goals through effective programme delivery.

YB Pehin Dato Hj Abdul Rahman said following his appointment, HRH had been proactive and consistent in monitoring performance; setting ambitious targets; chairing meetings with various ministries, to study and evaluate action plans based on updated data.

This, the minister said, displayed the commitment of HRH in driving the government forward with pace and urgency to realise His Majesty’s ambition of creating a pro-business environment.

The minister added there is a room for improvement and the government must adopt a ‘whole of nation’ approach in stimulating the creation of a pro-business environment to make Brunei as a business destination that is trouble-free and effective.

This also includes improving existing process and procedures in accordance with international standards.

In conjunction with the Enterprise Open Day, the website and the Central Payment System (CPS) were launched.

The is a portal providing a single source of information of business-related government services across various ministries and agencies while the CPS is a payment module under the E-Government Platform enabling customers to pay via online for Government e-services.

One biz will be the first e-service to use CPS with the long term goal of expanding this payment service to other Government e-services.

[ Courtesy: The Brunei Times, 20 January 2016 ]