Brudirect.com - News Headlines

BruneiDirect.Com

Charge! Grand Sale Kicks Off
By M K Anwar

Bandar Seri Begawan - The Consumer Price Index which measures the changes of prices of goods and services in the country in the past few years stands at only around one percent and is considered one of the lowest in the region.

This was highlighted by the Acting Permanent Secretary at the Prime Minister's Office, Hj Kamis Hj Tamin, chief guest at the official launching of the 2005 Brunei Grand Sale (BGS) yesterday.

In his speech, he noted that retailers must realise the need to be more competitive and at the same time be honest to customers. Realising this is the only way that each retailer can develop and last long.

Hj Kamis said the Brunei Grand Sale in a way has contributed to the stabilisation of prices especially for consumer goods. This stabilisation of prices is a healthy economic indicator that can encourage the development of other economic activities. He noted that the revenue from the Wholesale and Retail Sector has shown an increase of more than five percent since 2000 and has doubled in 2004.

He added that the Wholesale and Retail Trade Sector is one of the main contributors to the Gross Domestic Product of the country after the Oil and Gas Sector. For

2004 the whole of the sector contributed nearly eight percent to the GDP, impressive for the non-oil and gas sector.

According to the 2002 Economic Census Report published by JPKE, a total of 1,487 enterprises consist of retailers in the Wholesale and Retail Sector and it is one of the biggest employers in the private sector in the country. A total of 16,400 people are being employed in this sector, said the Acting Permanent Secretary.

The Deputy Director General of the Department of Economic Planning and Development (JPKE), Hj Razali Md. Yussof meanwhile said that the BGS enlivens the atmosphere every year with eye-catching sales and promotion.

A total of 342 outlets has registered to take part in the 2005 BGS with 80 more outlets still getting their applications processed. Besides the BGS launching, the Local Product Festival is also being held at the Hua Ho Mall.

The Deputy Director General said that more than 40 companies producing local products are taking part. The good response shows that strategy to hold the Local Product Fair during the BGS is most appropriate, explains Hj Razali.

Shortly after launching the BGS, the chief guest toured the booths of the local companies taking part in the Local Product Fair. The BGS, organised by JPKE is the 11th of its kind and will run for 52 days up to the first week of Hari Raya.

This year it comes with the theme appropriately called "Bargain prices to boost sales and hence, economic growth". BGS 2005 participants are required to display the BGS banner at their business premises and certificates issued by JPKE should be displayed conspicuously for the benefit of the shoppers to identify BGS 2005 participants. -- Courtesy of Borneo Bulletin

Click Here To Have Your Say On This Story

Brudirect.com News

Back to News Page

Write to Us

Brunei's Fastest Growing Website with