Advocacy Session on “Public Procurement and Bid Rigging”
Bidding or also widely called tendering, is an important process in public procurement which aims to ensure good value for money, efficient use of government resources and prudent government spending. Unfortunately, we cannot assume that competition process comes naturally.
The assimilation and alignment of several Departments and Agencies into the Ministry of Finance and Economy and appointment of the Chairman of Brunei Economic Deveopment Board (BEDB)
BY COMMAND of
His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam for the Ministry of Finance to be renamed as the Ministry
of Finance and Economy.
Insolvency legal framework strengthened in Brunei
THE Ministry of Finance and Economy yesterday announced that His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam consented for the introduction of the Insolvency (Winding Up) Rules, 2018 and Insolvency (Insolvency Practitioners) Rules, 2018 which are aimed at further strengthening the insolvency legal framework in Brunei Darussalam. The new rules took effect from September 19.