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Three ASEAN countries agree on formation of Borneo economic community

Three ASEAN member countries in Kalimantan Island, namely Indonesia, Malaysia, and Brunei, have agreed to form the Borneo Economic Community (BEC) in order to stimulate green economic development in the island and the Southeast Asian region.
Three ASEAN countries agree on formation of Borneo economic community ảnh 1At the 2nd Borneo Business Roundtable in Jakarta, Indonesia, on September 6 (Photo: thejakartapost.com)
Jakarta (VNA) – ThreeASEAN member countries in Kalimantan Island, namely Indonesia, Malaysia,and Brunei, have agreed to form the Borneo Economic Community (BEC) in order tostimulate green economic development in the island and the Southeast Asian region.

In a speech on the sidelines of the 2nd BorneoBusiness Roundtable in Jakarta on September 6, Chairman of the ASEAN Business AdvisoryCouncil (ASEAN-BAC) Arsjad Rasjid stressed that representatives of thethree ASEAN countries officially endorsed the cooperation in establishing BEC.

A joint task force, involvingrepresentatives of BEC, will be formed to enhance collaboration in shapingKalimantan as a dynamic island, he said, adding the force also aims to make Kalimantan a greeneconomy epicentre in ASEAN that is built on sustainable development goals toachieve community welfare and environmental preservation.

Meanwhile, Chair of Brunei DarussalamASEAN-BAC Haslina Taib explained that BEC aims to operate as aninclusive and sustainable business association for companies in Kalimantan andprofessionals in emerging fields.

She ensured that BEC is inclusive for allbusinesses, including micro, small, and medium enterprises (MSMEs), and open tosocial enterprises and skilled individuals.

BEC is committed to encouraging regionalsustainability in ASEAN, addressing business challenges on the island ofKalimantan, and enhancing collaboration, both inside and outside Kalimantan,Taib affirmed./.
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