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Brunei Risks Losing Halal Market
Edge
By Debbie Too
Bandar Seri
Begawan - Brunei risks losing its ace in capturing a
leadership position in halal accreditation if it does not accelerate
its pace in marketing itself aggressively.
"Speed is essential and these days
things are moving faster and faster and things are changing so you
have to get out there and understand the market and be relevant to
it and you can't take your time, otherwise you'll find that someone
else has got that No 1 position," said Dr Paul Temporal, group
managing director of Temporal Brand Consulting, who is in Brunei
conducting a branding workshop for Asia Inc Forum.
"In theory, Brunei is a small
country and should be able to do things really fast, but in reality
it's not moving fast enough so I think that it has to try and unlock
some of the potential through using speed and flexibility to bring
these ideas out," he said. He added that ideas are "very good" and
that Brunei is already getting recognition in places like Australia,
but the Islamic markets are wide and Brunei should be able to be at
the forefront.
The halal market is massive, taking
up one-third of the world population and Brunei has done some work
with its halal branding, said Temporal.
"(The launch of Brunei Halal Brand
initiative is) a good start, and in terms of first mover advantage
it's probably got a leadership in those areas like accreditation, so
what it's got to do now is to get itself known in further markets
because there are competitors like Malaysia and Singapore who are
saying that they want to be a halal hub and so on, so the issue now
is branding," he said.
"The Brunei halal brand has to be
branded and it has to be able to explain to people why (Brunei) is
better as a centre for excellence than somewhere like Malaysia or
Singapore. This is a country issue as well, there is a need to brand
Brunei, because halal is one part of it, but if people don't know
about Brunei itself then it will be a bit difficult to get the halal
brand out there," he said, adding that Brunei has "an awareness" and
people have heard of it, but people are not really aware about what
Brunei is about.
He added that the branding of a
country will enable it to develop and identify an image which could,
in turn, help the industries like the halal brand and the small and
medium enterprises who are getting involved.
"If they (the industries) do well,
then it will reflect back on where they came from so it's a great
opportunity and speed is a factor," he said.
Temporal said that just recently,
Singapore announced that it wants to become a financial services hub
for Islamic banking and they are ready to do it, and that Singapore
is now pushing very hard; while Malaysia is also pushing hard to be
a halal hub.
"There are others, so it is a
matter of the groundwork being done and everything has been set up
so now Brunei has got to do some branding pretty fast to use abroad
and defend its position," he said.
The effects of the halal branding
success for Brunei will have a ripple effect in Brunei, said
Temporal.
"This will lead to an increase in
exports, more investment into Brunei, bring in more jobs and more
prestige to the country and there'll be many benefits. It'll have a
positive impact on every part of Brunei's existence really, so if
you've got a strong halal industry, and it's promoted really well,
Islamic tourists, for example, will want to come to Brunei for
eco-tourism, but they'll also want to come here if they are going to
be at the most prestigious halal organised country in the world, so
it'll have a spin-off effect on the other industries in the
country".
"If Brunei does a good job, it's
going to put Brunei on the map, certainly through one-third of the
population of the world and others. If you look at the European
market, France has 10 million Muslims, the United Kingdom has three
million Muslims and there are 100 million Muslims in China," he
said. -- Courtesy of The
Brunei Times
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