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BAIDURI BANK LAUNCHES URBAN BITES INITIATIVE TO SUPPORT LOCAL FOOD TRUCK BUSINESSES

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Thursday, 15 April 2021 - Baiduri Bank launched a new initiative to support local food truck vendors during the month of Ramadhan at its Headquarters today.
 
Officiating the launch of the initiative was Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs.

Named 'Urban Bites by Baiduri', this initiative offers a platform for local food truck vendors - Moonlight Kitchen, Casbah London Kebab and Bandar Bus during the month of Ramadhan at the open space facing the main entrance of Baiduri Bank Headquarters along 1 Jalan Gadong.
 
Urban Bites by Baiduri will open daily during the month of Ramadhan from I:00 pm to 7:00 pm and will serve as another option for members of the public to buy food to break their fast with.

In his opening remarks, Mr Ti Eng Hui, CEO of Baiduri Bank highlighted that the 'Urban Bites initiative aims to promote local entrepreneurship in support of the national agenda.

He said: "We developed this initiative to provide a platform for food truck vendors to run their businesses during the month of Ramadhan, while also utilising the strategic open space facing our Headquarters."
 
"This collaboration between Baiduri Bank and Bandar Seri Begawan Municipal Department, Ministry of Home Affairs, is an example of Private-Public Partnership to harness complementary resources and expertise for the betterment of our Community."

Providing platforms such as Urban Bites is in line with Baiduri Bank's Corporate Social Responsibility (CSR) initiatives, one of which is aimed at supporting and empowering local businesses. Additionally, since these food trucks are self-sufficient and use less energy compared to traditional brick and mortar store, the initiative is also inline with the Bank's commitment to environmental sustainability.

Mr Ti also added that depending on how well the iniative is received by the public during the fasting month. Urban Bites could transition to an initiative held through out the year.

He Said: "Over time, we hope 'Urban Bites will be warmly received by the public, so that more 'Made-in-Brunei' franchises can utilized the space too. We also hope it would inspire other budding entrepreneurs to use this platform and opportunity to gain experience and venture into their own food businesses". 

ABOUT BAIDURI BANK GROUP

Baiduri Bank Group, is one at the largest Providers of financial products and services in Brunei Darussalam. The Group comprises Baiduri Bank Baiduri Finance and Baiduri Capital, providing banking services to institutions or corporations, retail banking, consumer financing, securities trading and wealth management.

Established in 1994. Baiduri Bank's shareholders include Baiduri Holdings and Darussalam Assets. With a combination of global outlook combined with extensive local knowledge and commitment to the Brunei market the Bank has been acknowledged as the leading conventional bank in the country with a track record of financial innovations and pioneering activities.

In 2021, Baiduri Bank was awarded the "Best Banking Group for Brunei 2021" and "Best In Corporate Governance & CSR" from International Investor.

ln 2020, Baiduri Bank was awarded the "Domestic Retail Bank for Brunei for 2020" from Asian Finance & Banking magazine, the "Best Bank in Asia-Pacific 2020 for Brunei" from Global Finance magazine and the "Best Banking Group For Brunei 2020" from World Finance Magazine.
 
In 2019, Baiduri Bank was awarded the "Bank of the Year for Brunei 2019" from the Banker.

Standard & Poor's reaffirmed the Bank's credit rating at 'BBB+/A2' with Stable Outlook July 2020.

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Created at 16/04/2021 15:35 by Hasrom Haji Mohammad Husain
Last modified at 16/04/2021 15:40 by Hasrom Haji Mohammad Husain