During this era of advanced technology, Small and Medium Enterprises (SMEs) are in pressing need of financing for their development. Technology can play an active role in providing innovative solutions. This can be facilitated by amongst others, the availability of crowdfunding platforms which have been recognised as means to bridge the financing gaps in many countries. Towards this, Autoriti Monetari Brunei Darussalam, AMBD, in August last year introduced a regulatory framework to facilitate raising funds through equity based crowdfunding. Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia Doctor Haji Awang Abu Bakar bin Haji Apong, the Minister of Home Affairs as the Deputy Chairman of the AMBD Board of Directors highlighted the matter in a keynote address at the Asia Asset Management 13th Annual Brunei Darussalam Roundtable yesterday morning.
Yang Berhormat noted that the AMBD has undertaken several measures to address harms associated with technological advancements such as cyber security.
The event saw more than 140 participants and delegates from across Asia congregating to discuss the latest issues and trends affecting capital markets, finance, technology and global investments. Among the key topics discussed were infrastructure and infrastructure financing, a key consideration for the ASEAN region given the needs to boost the sector to support economic growth. Also attending the event was Yang Berhormat Dato Seri Setia Doctor Awang Haji Mohd Amin Liew bin Abdullah, the Second Minister of Finance.
The event continued with the launch of the Brunei Darussalam Capital Market Association (BCMA) official website. The public can now access information on association by visiting 'www.bcma.org.bn'. The session was hosted by the Asia Asset Management Magazine with the support of the BCMA. The one-day roundtable carried the theme 'Capital Markets, Finance and Investments: Global Trends and How Technology is Driving Growth.' It took place at the Empire Hotel and Country Club in Jerudong.
Source: Radio Television Brunei