SMEs Called On To Dominate The Local Market
By James Kon

Bandar Seri Begawan - Small and medium enterprises (SMEs) have to conquer the domestic market in order to strengthen their finance and capabilities so as to be prepared for the possibility of exporting their goods overseas.

This was said by Deputy Permanent Secretary at the Ministry of Development Awang Haji Mohamad Zain bin Awang Haji Salleh during the launch of the Local Products Festival at the Horticulture Centre, Rimba.

The deputy permanent secretary, who was present as the guest of honour, said, "We understand that SMEs are an important and dynamic part of the economy. The continuous development of the sector is one of the main components for the government to achieve a balanced economic progress and higher standards of living in every level of the community.

He also said the government, through the Ministry of Industry and Primary Resources, has implemented various projects and programmes to support the development of SMEs, and among them are basic training and business infrastructure:

"The programmes and facilities are part of an effort to raise awareness among entrepreneurs of the various services that the government provides for SMEs," he said. "We must ensure that the entrepreneurs will make full use of the incentives and increase their capabilities in order to compete regionally and globally."

Following the speech, the guest of honour launched the festival before visiting some of the 60 booths featured at the event.

The Local Products Festival 2008, held in conjunction with the National Day celebration, runs from February 28 to March 9. -- Courtesy of Borneo Bulletin

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