(Bandar Seri Begawan, 16th) In his opening speech, Chairman Sivasubramaniam of the British Brunei Business Forum pointed out that the forum's theme—“Supply Chain Shocks: Hidden Costs for Brunei and ASEAN, Analyzing the Ripple Effects of the US-Iran Conflict on Non-Oil & Gas Industries, Markets, and Households in Southeast Asia”—is closely related to Brunei’s business community, emphasizing that global instability has already directly affected local business operations.
This forum was co-hosted by the British Brunei Business Forum (BBBF) and Laksamana Business School. During the discussions, attendees pointed out that businesses in Brunei and across ASEAN must prepare themselves to cope with global supply chain disruptions caused by the ongoing US-Iran conflict, and assess the broader economic impacts it brings.
Sivasubramaniam said: “Eight days ago, on June 3, 2026, the Prime Minister’s Office announced the establishment of a national committee to address the impact of the Middle East conflict. This sends us a significant message: the ripple effects of global instability are no longer distant. They are right here—in our supply chains, costs, and the way our businesses operate.”
The forum invited Mr. Lin Shichang, CEO of a Saudi venture capital company, to share his experience and insights on the Gulf region and Islamic finance.
He pointed out at the event that geopolitical tensions in the Middle East are affecting trade routes, investment flows, and supply chain operations, with impacts not limited to the oil and gas industries, but extending to sectors such as food, healthcare, and construction.
The afternoon session of the forum concluded with refreshments and networking activities, where attendees seized the opportunity to interact further with Lin Shichang and other business representatives.
Sivasubramaniam said: “Eight days ago, on June 3, 2026, the Prime Minister’s Office announced the establishment of a national committee to address the impact of the Middle East conflict. This sends us a significant message: the ripple effects of global instability are no longer distant. They are right here—in our supply chains, costs, and the way our businesses operate.”
The forum invited Mr. Lin Shichang, CEO of a Saudi venture capital company, to share his experience and insights on the Gulf region and Islamic finance.
He pointed out at the event that geopolitical tensions in the Middle East are affecting trade routes, investment flows, and supply chain operations, with impacts not limited to the oil and gas industries, but extending to sectors such as food, healthcare, and construction.
The afternoon session of the forum concluded with refreshments and networking activities, where attendees seized the opportunity to interact further with Lin Shichang and other business representatives.