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BUSINESS SECTORS
The masterplan is aimed at supporting
the Brunei Vision 2035, which includes
a high quality of life, highly educated
and skilledworkforce, and a sustainable
and dynamic economy.
Guided by
Maqasid Syariah
, the
masterplan aims for a vibrant and
sustainable economy; a digital and
future-ready society; and a digitally
conducive ecosystem. Four strategic
thrusts have been identified to
support the mission and vision of the
masterplan: manpower and talent
development, industry digitalisation,
government digitalisation and a
thriving digital industry.
With the Digital Economy Masterplan
2025, the Digital Economy Council
focusses on the implementation of
key projects under the nine priority
clusters expected to have significant
impacts on economic growth: logistics
and transportation, energy, business
services, tourism, financial services,
health, agri-food, education and the
halal industry.
Under the Digital Economy Council,
three key flagship projects have been
identified as a backbone of the digital
economy eco-system in the country.
They are Digital Identity, Digital
Payment and National Information Hub
(NIH) aiming to drive and enable the
adoption of digital technologies.
In a keynote address at the virtual
Digital Economy Forum 2022, Minister
of Transport and Infocommunications
Pengiran Dato Seri Setia Shamhary bin
Pengiran Dato Paduka Haji Mustapha
said with this, they hope to create
innovations by utilising key emerging
technologies, creating new business
models and opportunities, increase
workforce by creating new jobs and
skillsets and produce marketables
in line with current and emerging
economic needs and with the potential
to be exported.
“A key trend is the development of
technology-enabled platforms that
combine both demand and supply
to minimise disruption to existing
industry structures,” said the minister.
Overall, he said, “The inexorable
shift from simple digitisation to
innovation, based on combinations of
technologies, is forcing companies to
reexamine the way they do business.
Hence, it is imperative that the
government, industry and society
are closely interrelated in adopting
the digital economy ecosystem. This
can succeed with a whole-of-nation
approach having total engagement,
participation and commitment from all
players, from the government, industry
and the society.”
Through a digital transformation,
Brunei can realise its vision of a digital
economy for economic progress,
sustainability and social well-being,
said the minister.
Brunei Innovation Lab
As listed by the World Intellectual
Property Organization (WIPO) Global
Innovation, Brunei ranked number 71
The Digital Economy
Council focusses on
the implementation
of key projects under
the nine priority
clusters expected
to have significant
impacts on economic
growth: logistics and
transportation, energy,
business services,
tourism, financial
services, health,
agri-food, education
and the halal industry.
among 131 countries on the Global
Innovation Index. While the country’s
innovation ecosystem is still at an early
age compared to the rest of the region,
Brunei has much potential in this area.
The launch of Brunei Innovation
Lab (BIL) in July 2022 is a move in
the right direction to develop the
digital technology ecosystem. By
interlinking the digital technology
sector by ways of offering a platform
for capacity building, market access
and community programmes, BIL aims
to spur the development of the digital
technology ecosystem in Brunei,
especially local start-ups and scale-
ups, to produce technology solutions
in addressing real-world problems and
capitalising market opportunities.