Posts Tagged ‘business’
Sharifah Syuria Nazrah Malai Hj Hashim, Nurun Nazihah Hj Mustapa, Faten Amira Izzaty Joperi and Maydelyn Ling, the founders of BID.Co who came up with a brilliant idea of used baby equipments and gears. I hope your ideas will come into reality.
Sometimes, it’s always to good to listen to refreshing business ideas. We are used to things like retail business or even in the tech world. Some are even similar or duplicates of one another. I, alone, struggle to find refreshing ideas on what works and what doesn’t work especially in Brunei. I had some successes and some failures along the way but it’s always to experience both sides of the spectrum because that’s how an entrepreneur will learn the ropes of success.
Recently, I was surprised to see a friend of mine being involved in a Startup Weekend competition held at Laksamana College of Business. Madelyn Ling, a friend I knew from UBD Toastmasters Club, was part of the team called BID.co’s (Buy.Invest.Donate), that won the Startup Weekend competition.
Now here’s why I feel that BID.Co’s has the edge – a totally refreshing idea and furthermore, it adds value to the community of Brunei Darussalam. Imagine you have a storage full of baby equipments and gears at your home, collecting dust and purposeless since your children have grown up. What can be done with these equipments or items? This is where BID.Co comes in and presented their idea that they can be collect the used items and sell them at affordable prices especially for families who don’t have high disposable income. Furthermore, the portion of the sales will be used to raise funds for local NGOs as they are not easy to sustain. As long as the NGOs can be sustained, they will have enough resources to help the underprivileged community.
The founders, Sharifah Syuria Nazrah Malai Hj Hashim, Maydelyn Ling, Fatin Munirah Hj Sahrani, Nurun Nazihah Hj Mustapa and Faten Amira Izzaty Joperi, were over the moon as they were crowned the champions of the second Startup Weekend. It was something unexpected but now, the next step is to make this into a reality. The concept is there but it will be a long and fruitful journey in order to make this into a reality.
According to Madelyn, it has been her dream and been conversing the idea to her family. It was also the help of the mentors during the Startup Weekend to help them to be more focused and identify the underlying problems when it comes to baby equipments and gears. From there, they were able to identify how baby products and equipments are costly in Brunei and this idea of recycling used ones will provide alternatives to families in Brunei. Madelyn also shared that she had no plans to enter the competition, thinking it was only a workshop by Startup Weekend. It was definitely a blessing in disguise.
BID.Co team will head to Singapore in June to attend Asia’s largest Tech media platform e27. Awesome!!! Congratulations once again to all the ladies for winning and most of all, providing an innovative solution so we as a community can benefit.
Team BID.co receiving the winning prize with the organizers and the judges of Startup Weekend
Now what do you normally do when you have your old baby equipments in your storage? BID.Co can help you in handling these situations
Press release from the Prime Minister’s Office. By command of 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, the Prime Minister’s Office hereby announces that His Majesty has consented to the establishment of the Competition Commission of Brunei Darussalam, an independent body that is mandated to promote business competition in Brunei Darussalam economic landscape through the enforcement of the Competition Order 2015.
His Majesty the Sultan dan Yang Di-Pertuan Negara Brunei Darussalam has also consented to the appointment of Yang Mulia Dato Paduka Eddie bin Dato Paduka Haji Sunny as the Chairman of the Competition Commission, together with six members of the Commission. The members are Yang Mulia Awang Haji Mohammad Azmi bin Haji Mohd Hanifah, the Permanent Secretary (Industry) at Prime Minister’s Office; Yang Mulia Dr Awang Haji Abdul Manaf bin Haji Metussin, the Permanent Secretary at Ministry of Primary Resources and Tourism; Yang Mulia Awang Haji Abdullah Soefri bin Pehin Orang Kaya Saiful Mulok Dato Seri Paduka Haji Abidin, the Assistant Solicitor General at the Attorney General’s Chamber, Prime Minister’s Office; Yang Mulia Director General of Department of Economic Planning and Development (JPKE), Prime Minister’s Office; Yang Mulia Awang Mohammad Harris bin Brigadier Jeneral (B) Dato Paduka Haji Ibrahim, Head of FDI Action and Support Centre (FAST) Division, Prime Minister’s Office; and Yang Mulia Dr Joyce Teo Siew Yean, Assistant Vice Chancellor (Global Affairs), Universiti Brunei Darussalam.
The establishment of the Competition Commission of Brunei Darussalam and the appointments of the Chairman and members of Commission are effective from 08 Zulkaedah 1438H corresponding 01 August 2017M.
The objective of the Competition Order 2015 is to promote and maintain fair and healthy competition to enhance market efficiency and consumer welfare in Brunei Darussalam. In line with this, the Competition Commission will oversee and act on competition matters as mandated in the Order. This includes adjudicating anticompetitive cases and imposing penalties on companies found to infringe the Competition Order 2015.
The Competition and Consumer Affairs Department is established under the Department of Economic Planning and Development, to serve the Competition Commission as their investigative and administrative arms. The Department is also responsible in carrying out functions such as advocacy, receiving complaints and conducting market reviews.
Before the enforcement of the Order, a transitional period will be introduced. The transitional period will phase in after advocacy work in familiarizing and developing a competition-aware culture in Negara Brunei Darussalam has been carried out.
The Competition Order 2015 will be enforced in phases starting with the prohibition of anti-competitive agreements and practices. This phased approach serves to give all parties sufficient time to prepare for the orderly enforcement of this Order.
The introduction of the Competition Order 2015 and the establishment of Competition Commission of Brunei Darussalam underscores the efforts of the Government of His Majesty the Sultan and Yang Di-Pertuan Negara Brunei Darussalam in achieving a sustainable economic growth in line with the economic goals of Wawasan Brunei 2035. It also signifies the commitment of Brunei’s Government in fulfilment of the goals of the ASEAN Economic Community. The Competition Order 2015 is intended to address any competition-related concerns and maintain proper functioning of markets, provide certainty and enhance investors’ confidence, as well as an important safety net that safeguards the interest of local business players and consumer welfare.