1. With reference to the Ministry of Home Affair’s Press Release on 6 April 2020
regarding the cancellation of the Ramadhan Bazaar under the purview of the Municipal
Departments, District Departments and Department of Culture and Sports as one of the
precautionary measures to help contain the outbreak of COVID-19 in the country, so as
to safeguard the safety and well-being of the public.
2. In relation to this, since the sustainability of Brunei Darussalam’s industries [such as Food and Beverage (F&B)] falls under the Ministry of Finance and Economy’s (MOFE) role, MOFE in close collaboration with Darussalam Enterprise (DARe) and also Bank Islam Brunei Darussalam (BIBD) will be introducing an initiative to assist the affected micro, small and medium enterprises (MSMEs) through a virtual market platform called ‘Community for Brunei’. The objective of this platform is to help congregate and gather Brunei’s community to help MSMEs sell their goods and services in a virtual market, where the public can shop virtually and make payments digitally through debit or credit cards.
3. ‘Community for Brunei’ through a BIBD supported website www.CommunityforBrunei.com, is inspired and managed by local youths from The Collective, Think Axis Solutions, Alicia Newn and several others with similar goals specifically to help the MSMEs.
4. ‘Community for Brunei’ will be launching 2 projects:
The Ministry of Finance and Economy is pleased to announce that His Majesty
the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented for the
introduction of the Companies Act (Amendment) Order, 2019, Companies
(Composition of Offences) Rules, 2019 and Companies (Corporate Governance)
(Public Companies) (Amendment) Rules, 2019 which aimed to further strengthen
the Companies Act (Chapter 39) in Brunei Darussalam with effect from 1st October 2019.
The amendments are introduced to further strengthen the Companies Act (Chapter 39) in relation to compliance and corporate governance of a company with the legal requirements under the Act.
Further information regarding the Companies Act (Amendment) Order, 2019, Companies (Composition of Offences) Rules, 2019 and Companies (Corporate Governance) (Public Companies) (Amendment) Rules, 2019 are available on www.mofe.gov.bn. The hardcopy of the Order and the Rules are available for sale at the Government Printing Department alternatively it can be downloaded from the website of the Attorney General‘s Chambers (www.agc.gov.bn).