Latest news with #12thNationalDevelopmentPlan
The Star
01-06-2025
- Business
- The Star
Brunei to leverage digital technology in transportation
SUWON: Brunei is keen to leverage digital technology in the transport sector. The Ministry of Transport and Infocommunications (MTIC), through the Land Transport Department (JPD), will soon be issuing a request for information (RFI) on the provision of a smart transport system. This project, under the 12th National Development Plan, aspires to revamp public transport in the Sultanate, said Minister of Transport and Infocommunications Datuk Seri Setia Shamhary Datuk Paduka Mustapha. The RFI is expected to work hand-in-hand with the recent JPD request for proposal (RFP) for the provision, operation, management and maintenance of public transport services in Brunei. The latter project is currently in the award evaluation stage. The minister was speaking at the signing and renewal of a memorandum of understanding (MoU) on cooperation in the field of smart city development during the 2025 Suwon Asia-Pacific Intelligent Transport Systems (ITS) Forum in Suwon, South Korea. The MoU is a step towards advancing collaboration in digital transformation between the government of Sultan Hassanal Bolkiah and the government of South Korea. The signing underscores the strengthening bilateral ties between the Sultanate and South Korea, as well as the mutual aspiration to foster inclusive, technology-driven urban development across the region. The renewed MoU reaffirms both nations' commitment to strengthening cooperation in smart city development, particularly through the sharing of knowledge, technologies and expertise. It supports the implementation of impactful initiatives that will enhance the quality of life for citizens and foster sustainable economic growth. The collaboration is aligned with the strategic framework of the ASsean-Republic of Korea Comprehensive Strategic Partnership and reflects the national development priorities of both countries. Shamhary signed the MoU on behalf of His Majesty's government and the South Korean Minister of Land, Infrastructure and Transport Park Sangwoo signed on behalf of the South Korean government. Accompanying Shamhary at the signing ceremony were Ambassador of Brunei to South Korea Nooriyah Yussof, Permanent Secretary at the MTIC Mohammad Nazri Mohammad Yusof as well as senior officers from the ministry and the Embassy of Brunei Darussalam in South Korea. The minister also attended the opening ceremony of the 2025 Suwon Asia-Pacific ITS Forum and participated in the high-level roundtable, which convened ministers, vice-ministers and senior official representatives from around 20 countries to share their national ITS developments and engage in strategic dialogue. - Borneo Bulletin/ANN
The Star
28-05-2025
- Business
- The Star
Bank Islam Brunei unveils development project in support of 12th National Development Plan goals
Minister at the Prime Minister's Office and Minister of Finance and Economy II Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah and Minister of Development Datuk Seri Setia Awang Muhammad Juanda Abdul Rashid at the ceremony. - BIBD via BB/ANN BANDAR SERI BEGAWAN: Bank Islam Brunei Darussalam Berhad (BIBD) participated in the official launch ceremony of the 12th National Development Plan (RKN12) at the Ministry of Finance and Economy. Minister at the Prime Minister's Office and Minister of Finance and Economy II Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah was the guest of honour. In support of the national priorities outlined in the 12th National Development Plan, BIBD showcased its BIBD Connects Temburong initiative, an infrastructure project that exemplifies the bank's commitment to equitable growth and community development across all districts. Launched in October 2024 and expected to be completed by mid-2025, the BIBD Connects Temburong facility will serve as a central hub offering banking services, business spaces for micro, small and medium enterprises (MSMEs) and a communal venue for local events. Designed with sustainability in mind, the multi-storey building will incorporate green technologies such as solar-powered lighting and rainwater harvesting – supporting both environmental protection and economic activity in the district. BIBD Assistant Managing Director 1 Mohammad Yusri Wahsalfelah said, 'BIBD Connects Temburong reflects our belief that national development must be inclusive, sustainable and people-focused. This project goes beyond infrastructure, creating opportunities for local businesses and communities to grow together. 'As we support the 12th National Development Plan, we are proud to contribute meaningfully towards Brunei Vision 2035 by building resilient eco-systems in every district.' As an Islamic financial institution that is Bruneian at Heart, BIBD's commitment to national development goes beyond the provision of financial services. BIBD continues to play an active role in strengthening communities and empowering individuals through initiatives such as the BIBD SEED programme for entrepreneurship, BIBD ALAF for education access, and extensive community outreach efforts that promote financial literacy, sustainability, and social inclusion. These efforts reflect BIBD's role as a Partner in Progress, working hand-in-hand with government, businesses, and communities to support Brunei's long-term socio-economic aspirations. BIBD remains the only financial institution in Brunei with a full-fledged branch in Temburong District, underscoring its dedication to serving all segments of the community. BIBD's participation in the launch of RKN12 reaffirms its strategic role in advancing Brunei Vision 2035, particularly in promoting sustainable economic diversification and inclusive national progress. - Borneo Bulletin/ANN
