(Bandar Seri Begawan, 18th) Baiduri Bank Chairman, Pengiran Matusin Pengiran Abdul Fattah, emphasized the importance of cooperation in addressing global uncertainties at the ‘Prosperity 25’ Asia Forum themed “The Playbook of Winners.”
In his speech titled “Collaboration in an Era of Challenges,” he highlighted the turbulent factors affecting global businesses, including rising costs, geopolitical instability, supply chain shifts, and rapid technological change.
“Globally, industries are facing uncertainty, rising costs, more difficult access to finance, more cautious customers, increasingly sophisticated fraud tactics, and fiercer competition.”
He said that locally, businesses face the pressure of remaining lean in operations while striving for growth. The reality is challenging, and we must acknowledge this.
Regarding Brunei’s small market, he noted that the young demographic, limited customer numbers, and a narrow talent pool could restrict growth and innovation. However, many local businesses have already overcome these challenges and succeeded, setting examples for others.
“These businesses, the so-called winners, remind us why gatherings like this are so important. They also enable us to learn from each other, share experiences, and draw practical lessons.”
He stressed that collaboration is critical for survival: building connections and mutual support are not optional but are keys to success. In recent years, we have seen that adapting, sharing knowledge, and supporting each other are just as important as individual effort.”
Reflecting on the pandemic, he stated that businesses cooperated in unexpected ways, from sharing supply chains to utilizing digital solutions. It was proven that collaboration is not only beneficial but vital; it is a survival strategy.
“Working together allows us to access skills and expertise, open up new markets, spark innovation, and build resilience. United, businesses become stronger, more adaptable, and better prepared.”
Looking ahead, he encouraged enterprises to pool resources, leverage digital platforms, and establish partnerships. Challenges bring opportunities—by innovating together, we can achieve goals that would be impossible alone.
He pointed out that SMEs “have the power to shape industries, drive innovation, and promote national development. Trust and collaboration are the keys to shared prosperity.”
He said that standing still is risky. Complacency gives a false sense of security. Even the smallest steps forward can lead to greater opportunities.”
In conclusion, he summarized that collaboration is a multiplier, turning limited resources into lasting strength. By uniting, learning from, and supporting each other, we can not only withstand challenges but also become stronger.
This forum, organized by the Asia Business Forum at the Radisson Hotel, brought together senior business leaders, entrepreneurs, creatives, and youth to explore strategies for resilience, reinvention, and regional growth.
In his speech titled “Collaboration in an Era of Challenges,” he highlighted the turbulent factors affecting global businesses, including rising costs, geopolitical instability, supply chain shifts, and rapid technological change.
“Globally, industries are facing uncertainty, rising costs, more difficult access to finance, more cautious customers, increasingly sophisticated fraud tactics, and fiercer competition.”
He said that locally, businesses face the pressure of remaining lean in operations while striving for growth. The reality is challenging, and we must acknowledge this.
Regarding Brunei’s small market, he noted that the young demographic, limited customer numbers, and a narrow talent pool could restrict growth and innovation. However, many local businesses have already overcome these challenges and succeeded, setting examples for others.
“These businesses, the so-called winners, remind us why gatherings like this are so important. They also enable us to learn from each other, share experiences, and draw practical lessons.”
He stressed that collaboration is critical for survival: building connections and mutual support are not optional but are keys to success. In recent years, we have seen that adapting, sharing knowledge, and supporting each other are just as important as individual effort.”
Reflecting on the pandemic, he stated that businesses cooperated in unexpected ways, from sharing supply chains to utilizing digital solutions. It was proven that collaboration is not only beneficial but vital; it is a survival strategy.
“Working together allows us to access skills and expertise, open up new markets, spark innovation, and build resilience. United, businesses become stronger, more adaptable, and better prepared.”
Looking ahead, he encouraged enterprises to pool resources, leverage digital platforms, and establish partnerships. Challenges bring opportunities—by innovating together, we can achieve goals that would be impossible alone.
He pointed out that SMEs “have the power to shape industries, drive innovation, and promote national development. Trust and collaboration are the keys to shared prosperity.”
He said that standing still is risky. Complacency gives a false sense of security. Even the smallest steps forward can lead to greater opportunities.”
In conclusion, he summarized that collaboration is a multiplier, turning limited resources into lasting strength. By uniting, learning from, and supporting each other, we can not only withstand challenges but also become stronger.
This forum, organized by the Asia Business Forum at the Radisson Hotel, brought together senior business leaders, entrepreneurs, creatives, and youth to explore strategies for resilience, reinvention, and regional growth.