Grand Sale Aims To Stabilise Prices Of Goods
By Za'im Zaini

Bandar Seri Begawan - The Brunei Grand Sale beginning Friday is seen as a contributor to the stabilisation of .prices especially for consumer goods. Stable prices are a "healthy" economic indicator that can encourage other economic activities to develop, which is productive in the long run.

A press conference on the Brunei Grand Sale was chaired by Haji Razali Bin Hj Mohd Yussof, Deputy Director General of Economic Planning and Development Department, and Haji Razak Bin Hj Angas, Assistant Director of Implementation and Monitoring.

Revenue from the Wholesale and Retail Sector has shown an increase of more than five per cent since 2000 and has doubled in 2004. 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 sector has contributed nearly eight percent to the country's GDP which is considered big for a non-oil and gas sector.

The objectives of the BGS is to encourage the public, in particular citizens and residents, to spend locally, provide opportunity for the public to shop at discounted prices, encourage competitive pricing of goods and attract tourists to shop in Brunei Darussalam.

As a prelude to the actual BGS 2006, a month of PreBGS Special Textile Sale, participated by more than 50 outlets, has been going on since August 25. They will also participate in the actual BGS 2006.

BGS 2006 participants are required to display BGS banner at their business premises. BGS participation certificates issued by JPKE are to be displayed clearly for the benefit of the shoppers to identify BGS 2006 participants.

Shops, supermarkets and departmental stores who do not display the BGS participation certificates are considered non-BGS participants and the public is advised to report to JPKE any such incident. Each item on sale will have two price tags showing the price before and after discount.

All department stores are encouraged to offer special sale or promotion such as `lucky draws', `crazy sales', `happy hour' sales and others throughout the BGS period particularly during the weekends to attract shoppers.

The launching ceremony is expected to be officiated by Dato Paduka Awang Haji Kamis bin Haji Tamin, Permanent Secretary at the Prime Minister's Office,

Speaking on the impact of the BGS 2006, Haji Razali said that sales is expected to increase during the period between 20-30 per cent.  -- Courtesy of Borneo Bulletin

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