Twenty-four million people. Nine territories. One island, the largest in Southeast Asia.

The inspiration for the Borneo Economic Community (BEC) emerged during the first Borneo Business Roundtable held in Bandar Seri Begawan, Brunei Darussalam on 28 April 2023, organized by ASEAN Business Advisory Council (ASEAN BAC) and ASEAN BAC Brunei, and attended by key representatives of BIMP-EAGA as well as business chambers and associations across the island.

The roundtable members recognized the importance of setting up a Community to support the growth of MSMEs and trade volumes within and outside Borneo as well as to enable inclusive participation in digital interactions and transactions of the people living in Borneo, as an ASEAN ‘epicenter for a vibrant and sustainable business and economy’.

BEC is envisioned to serve as the inclusive and sustainability-focused business impact group for Bornean businesses as well as professionals in emerging disciplines, including those in the gig, creator and remote work economy. This will be achieved through, but unlimited to, marketplaces and programs with lower barriers of entry for Micro Small and Medium Enterprises (MSMEs), rural and social enterprises as well as digital nomads and talents.

As part of its pioneer program, BEC initiated the DagangBorneo, an innovative marketplace designed as a digital convergence of the unique Borneo “pasar tamu” experience and cutting-edge tokenized economy model, as the premier avenue for BEC partners in fostering seamless cross-border trade transactions, highlighting circular, sustainable portfolios as well as attracting foreign direct investments.

The ASEAN Digital Credentials Platform (AKREDI) is developed by Dynamik Technologies in partnership with TrustGrid and ASEAN Business Advisory Council (BAC) Brunei, with the support of the ASEAN Economic Ministers (AEM), the ASEAN Secretariat and the ASEAN Digital Transformation Working Group. Originally an ASEAN-Brunei Year Legacy Project in response to calls for safer post-pandemic borders reopening, the concept and prototype was launched at the ASEAN Business and Investment Summit 2021 as the ASEAN Digital Gateway and Travel Wallet.

ASEAN-Business Advisory Council (ASEAN-BAC)

ASEAN-Business Advisory Council (ASEAN-BAC) The ASEAN-BAC was established by the ASEAN Heads of State and Government (HOGs) at the 7th ASEAN Summit in November 2001 in Bandar Seri Begawan, Brunei Darussalam. Launched in April 2003, ASEAN-BAC was set up with the mandate to provide sector feedback and guidance to boost ASEAN’s efforts towards economic integration. Aside from providing private sector feedback on the implementation of ASEAN economic cooperation, the Council also identifies priority areas for consideration of the ASEAN Leaders. Accordingly, ASEAN-BAC’s activities are primarily focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration.

Dynamik Technologies Sdn. Bhd

Dynamik Technologies Sdn. Bhd Established in 2001, Dynamik Technologies focuses and thrives in creating impact in businesses and communities through its focus in Design Thinking, Digital Solutions, Digital Workspaces as well as Digital Assets. Today, as the largest Bruneian IT company with experience in delivering and managing more than ten national projects, it has a 90% local team of more than 200 IT professionals with global certifications. With this capability, Dynamik Technologies continues to help clients achieve transformation goals through strategy and technology consulting, data analytics, software development and maintenance, project and change management, IT outsourcing as well as technical infrastructure.

TrustGrid Pty. Ltd.

TrustGrid Pty. Ltd. TrustGrid™ is the future of safe, secure digital identities. We give governments and organisations the ability to create a trusted network for requesting and verifying identities and credentials while keeping the control in the hands of the individual. Our global platform enables identity-based transactions. TrustGrid™ supports digital government transformation encompassing licenses, accreditations, health records, and any other credentials. TrustGrid™ offers maximum assurance, privacy and security allowing interactions between citizen, government and vetted private organisations such as hospitals or financial institutions.

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