Brunei businesses sign Sabah export deal

The Brunei Financial Improvement Board (BEDB) by Darussalam Enterprise (DARe) on Friday introduced that three Brunei companies have signed agreements to export to Sabah following the Sultanate’s participation within the ongoing Sabah Worldwide Expo (SIE) in Sabah, Malaysia, in line with DARe in a press launch.

PDS Abattoir Sdn Bhd (PDS), Royal Brunei Culinary Sdn Bhd (RBC), and BMC Meals Industries (B) Sdn Bhd (BMC) held a signing ceremony on September 21, 2023, on the Brunei Pavilion at SIE, witnessed by Sabah’s Minister of Industrial Improvement & Entrepreneurship Phoong Jin Zhe; Brunei’s Everlasting Secretary on the Ministry of Major Assets and Tourism (MPRT) and Board Member of BEDB and DARe, Hajah Tutiaty Haji Abdul Wahab, and the Appearing CEO of BEDB and DARe, Daniel Leong.

The respective agreements for the Brunei companies to enter the Sabah market are distributorship settlement between PDS Abattoir Sdn Bhd and Jetsin Sdn Bhd for the sale of PDS’ processed meat merchandise; Distribution settlement between BMC Meals Industries (B) Sdn Bhd and Jetsin Sdn Bhd for BMC’s non-canned processed meat and corned beef; Distribution settlement between BMC Meals Industries (B) Sdn Bhd and Moh Heng Sdn Bhd for BMC merchandise and TGT corned beef merchandise and Memorandum of Understanding (MoU) between Royal Brunei Culinary Sdn Bhd and Jetsin Sdn Bhd for the availability of RBC frozen meals merchandise.

Jetsin Sdn Bhd is each a distributor and a retailer from Sabah, with an in depth provide community that covers a few of the state’s greatest supermarkets, lodges, and restaurant chains. In the meantime, Moh Heng Firm Sdn Bhd is without doubt one of the largest distributors in East Malaysia specialising in fast-moving client items.

For Authorities-Linked Corporations PDS and RBC, each underneath the purview of Darussalam Belongings (Sdn Bhd), their agreements are a part of their wider efforts to contribute to the nation’s meals safety, develop import substitution merchandise, and improve export of native merchandise, in assist of the nationwide goals of Wawasan 2035 on financial diversification.

Appearing CEO of BEDB and DARe, Daniel Leong stated that DARe is dedicated to serving to Brunei enterprises with assist from the MPRT and associated authorities to faucet into abroad markets by helping them in build up their inside capabilities, creating their services, and connecting them to overseas enterprise companions. “These export agreements are a noteworthy achievement by our companies and we’re working in direction of facilitating extra alternatives for native enterprises to do enterprise overseas,” he stated.

“SIE particularly has been a strategic platform for our companies to not solely discover the Sabah market, however alternatives within the wider BIMP-EAGA area (Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Development Space),” he added.

Brunei’s pavilion at SIE includes of 21 corporations, representing the most important delegation from the Sultanate to SIE thus far. SIE is being held from September 21 to 24, and is marketed as Sabah’s premier commerce honest, organised biennially with the target of fostering enterprise alternatives and showcasing services from BIMP-EAGA.

This yr’s version options 300 exhibitors and is predicted to attract 50,000 guests. The chance for Brunei companies to take part in SIE was facilitated and sponsored by DARe, who can even be facilitating additional enterprise matching and market entry alternatives for the collaborating Brunei companies all through the occasion.