His Majesty Highlights In The Importance Of Management And Administration During His Unscheduled Visit To The Ministry Of Finance And Economy.

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 has made an unscheduled visit to the Ministry of Finance and Economy. During the tour this morning, the Monarch highlights several matters to ensure that the management and administration go smoothly and well without any deviation.

His Majesty also touches on a number of other issues that can cause complaints and regrets. The titah highlights the management of business tax collection which has not been carried out properly, the efficacy of implementation of the Employee Trust Fund, TAP and the serious matter of price increase. The Monarch warns, do not let one party continue to reap profits while the other party is victimised.

His Majesty adds, in the excitement to attract Foreign Direct Investment, FDI, do not forget or neglect security aspects. In the titah, His Majesty says the Ministry of Finance and Economy, MOFE is the name that replaced the previous name of the Ministry of Finance for the Financial Year of 2020-2021. With a provision of $853 million, MOFE will continue to cooperate with the relevant ministries and agencies to enhance productivity and quality services to the public. It is also to ensure the efficacy of government revenue collection including encouraging economic growth through Foreign Direct Investments FDIs and domestic and overseas industrial and business development.

Source: Radio Television Brunei