| By Azlan Othman
Efforts have been made to
reduce inefficiency caused by bureaucracy and red tape to ensure
that it does not hinder government operations. This is
particularly so when the country is gearing itself to attract
more foreign investors.
During a Question and Answer
session at the end of the recent agreement signing ceremony on
the engagement of Monitor Group to undertake foreign direct
investment, the Project Chairman of the Brunei Economic
Development Board (BEDB), Dato Hj Yusof Hamid commented that
bureaucracy is not a problem so far.
The CEO of BEDB, Mr John Perry
commented "we believe that the pressure of change that
would be caused by drawing in significant investment in Brunei
will create a change in itself, and part of the process of the
initiative of BEDB to diversify the country's economy is to look
at all the factors of success and to see what needs to be worked
to create a successful environment."
"Very successful economies
around the world also have very high level of bureaucracy",
said Mr. Emmet Thomas, Head of Monitor Group (Asia).
BEDB is established with the
main purpose of promoting investment, both foreign and domestic
in Brunei. In this context, BEDB also aims to be transparent.
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