Livewire Offers Cash To Young Businessmen

Bandar Seri Begawan - Cash prize of more than $33,000 is up for grab in the Livewire Awards 2003. The launching of the competition was held this morning at the Empire Hotel and Country Club.

Livewire Awards 2003 is a business competition for young people in the country. Prior to the launching, a signing on the joint sponsorship agreement between the two sponsors of the awards was held.

Deputy managing director of BSP, Awang Haji Zainal Abidin signed on behalf of Brunei Shell Petroleum Sdn., while Mr. Marcus hurry, HSBC's CEO for the bank.

The sponsorship of the awards between the two companies is seen as a demonstration of their commitment towards corporate social responsibility for the development of the local people especially among the younger generation. The annual awards has been held since 2001, the awards are designed to give recognition and reward to young people who are successful in a business activity and to promote them as role models for the young generation to follow. It is open only to Brunei citizens.

Details of the competition can be obtained from Livewire Brunei in the capital or any HSBC's branches. The closing date is 20 October 2003.

Meanwhile, for the young people in Brunei, the Livewire awards is an excellent opportunity to participate in an activity that will test their ability, adaptability and skills while promoting themselves and their businesses/ business ideas. Besides winning attractive prizes, the competition provides a chance to gain recognition for the participants.

Livewire is a programme developed by Shell to support youth development and specifically to help young people to become interested in setting up business and in working for them.

Awang Haji Zainal Abidin said that the main reason in financing Livewire Brunei is to encourage entrepreneurship's development in the country.

HSBC Brunei is the joint sponsor of Livewire Awards 2003.

Its CEO, Mr Marcus Hurry said that it is part of the rank's strategy to support S-M-E in the country where twenty or so companies have been categorised as S-M-E by his bank. -- Courtesy of Radio Television Brunei

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