WAWASAN 2035:

Technology

Challenges to Sustainable Growth

• Information and Communication Technology (ICT) has transformed the business process.

• Requires a major review of the way things are done such as how the public sector can utilize ICT to reach global markets and deliver services in an effective manner.

• Demands new skills, changes in mind-set, economic and social policies as well as the shifts in cultural norms.

• This requires constant revision and needs changes and leverage on the ICT so that the country would not be left behind and may render oil less relevant to energy needs in the future

Economy

Leadership

Financial and Economic Crisis

• demands strong, smart, intelligent and capable leadership

• provides an environment that will inspire and motivate people to be committed in their work as well as to help in managing the organisation by creating a vision of the future, planning a strategy for achieving that vision and communicating the vision to his/her workforce.

• largely dependent on the production of crude oil and liquified natural gas.

• vulnerable to external shock (oil price volatility)

• diversifying the economy remains a major task

• The 1997/1998 regional financial and economic crisis has slowed down the economy
• Resulted in jobs scarcity and the tendency to reduce cost.
• The crisis has made the government to be more prudent and stringent in the control of its expenditure.

Nation Building

Challenges to diversification

• Market Size

• Labour force Size

• Foreign investors

• strengthen and accelerate the process of nation building

• ensure peace, prosperity and stability prevail in the country.

• development programmes to improve the standard of living and quality of life of its people

WAWASAN 2035:

CHALLENGES TO SUSTAINABLE GROWTH

HOW?

Incorporation of 8 strategies and policy directions for development that will provide proper directions:

 Education

 Economy

 Security

 Institutional Organisation

 Local business development

 Infrastructure development

 Social security and

 Environment.

HIGH PUBLIC EXPECTATION

SUSTAINABLE GROWTH

What is

WAWASAN BRUNEI 2035?

ENVIRONMENTAL ISSUE

• Increasing educated citizens who are continuously exposed to outside world demand higher standard of services and greater accountability.
• High expectations of the people are challenging the quality, efficiency, effectiveness and productivity of public services.
• This requires the civil servants to be more anticipative, innovative and creative in meeting the consumers’ needs and responsive, accountable, efficient and effective in the utilisation of resources as well as the delivery of services.

• Economic growth is the increase in the market value of the goods and services produced by an economy over time.
• ability of a society to continue functioning into the indefinite future without being forced into decline through exhaustion of key resources.
• ability to adjust to the changes in the environment in order to sustain the economy or the country.

• Cross border pollution has contributed to the local’s environmental hazard.
• Haze from local and abroad forest fires as well as flooding of low areas brings about some pollution problems which may affect the health and quality of life of its citizen in the long run.
• Encourages vigilance, initiative and responsiveness of its citizens.

SOLUTIONS

FURTHER CHALLENGES AND SOLUTIONS

1) Investments in energy efficiency and conservation

2) Zero deforestation on intact forests including rehabilitation of degraded and deforested lands

3) Low carbon lifestyle and zero-waste production.

4) Developing further a strong capital market including the Islamic bond market (sukuk) to help finance domestic growth

5) Investing in downstream industries and other economic clusters selected on the basis of Brunei Darussalam’s competitive strengths, export potential and employment opportunities for local people

6) Investing in world class infrastructure that is required to attract foreign and domestic investment in new export industries

8) Privatising those services currently provided by the public sector that are best undertaken by the private sector

9) Developing the expertise and skills required by commerce and industry through investment in our educational institutions; in research and development; and through collaboration with business

SOCIAL PROBLEMS

BRUNEI'S VISION AND GOALS

• Increasing social problems and increasing number of unemployment amongst the youths.
• Results in large-scale wasted opportunities and resources, disturbed harmony and creates social dissatisfaction.
• Cultural aspects (Attitudes of Bruneians)
• Establishing more stringent legal system, adding additional extra-curricular activities and accessible counseling

By 2035, we wish to see Brunei Darussalam recognized everywhere for:

• the accomplishments of its well-educated and highly skilled people  

• the quality of life     

• the dynamic, sustainable economy

THANK YOU

PRESENTED BY

YAU YEE HUI(NICOLE)

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