Issue on Stock Exchange Performance of Several Companies Need To Be Strengthened

The First Meeting of the 15th Session of the Legislative Council entered the 4th day yesterday and approved the budget allocations for the Ministry of Foreign Affairs and the Ministry of Finance and Economy for the Financial Year 2019/2020. The establishment of stock exchange for the public were among the issues that gained the attention of the council. The issue was raised by Yang Berhormat Awang Haji Mohimin bin Haji Johari @ Jahari as part of the questions that were given notice in the morning session.

In his response, Yang Berhormat Dato Seri Setia Dr. Awang Haji Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Second Minister of Finance and Economy said that what is important now is that the government should further strengthen the performance of several companies that are linked to the government along with the existing Foreign Direct Investments or FDI. This is not only from the aspects of finance, but also corporate governance, accounting reporting standard, standard operating procedures, transparency of the operation and others, so that these companies will be ready for the public through an avenue namely the stock exchange. At the moment, these companies are still in the improvement stage, and once the stock exchange is ready, only then the government will decide which of the companies will be listed in the stock exchange.

Source: Radio Television Brunei

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