SMEs Expected To Improve Rapidly In NAM Countries

Bandar Seri Begawan – Greater improvements are expected in the Small and Medium Enterprises (SMES) in NAM countries with the winding up of a three-day meeting on increasing prospects for rapid and sustainable socio-economic development.

The meeting on rapid and sustainable socio-economic development through Business Incubators and Entrepreneurship ended yesterday afternoon.

The Ministry of Industry and Primary Resources in collaboration with the Non-Aligned Movement (NAM)-Centre for South-South Technical Cooperation (CSSTC) organized the conference.

In his closing remarks, Haji Abdul Rahman Haji Chuchu, Director of Promotion and Entrepreneurial Development, Ministry of Industry and Primary Resources, said that the meeting will allow greater facilitation and cooperation between NAM member countries to collectively enhance the capacities in delivering business incubator services to SMES as well as developing entrepreneurial qualities.

In addition, the meeting has come up with recommendations that could strengthen existing support programs for SMES and consider mechanisms by which the NAM-CSSTC can become a more effective institution in bringing SMES into the forefront of economic development efforts.

The meeting benefited Brunei as experts shared their experiences which would strengthen the foundation of support programs in developing Brunei's SMES.

Countries such as Lesotho, Mauritius and Namibia were among the few that attended the meeting. -- Courtesy of Radio Television Brunei 

Brudirect.com News