Enhancing Financial, Legal, and Risk Management for MSMEs in Brunei Darussalam: Strategies for Sustainable Growth

Authors

  • Edi Saputra Hasibuan Law Faculty,Universitas Bhayangkara Jakarta Raya, Indonesia
  • Robertus Suraji Informatics Program, Universitas Bhayangkara Jakarta Raya, Indonesia
  • Arfan Ikhsan Economics and Business faculty, Universitas Negeri Medan, Indonesia
  • Istianingsih Sastrodiharjo Economics and Business Faculty, Universitas Bhayangkara Jakarta Raya, Indonesia

DOI:

https://doi.org/10.38035/ijam.v3i3.669

Keywords:

MSMEs, Financial Management, Legal Compliance, Risk Management, Brunei Darussalam

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Brunei Darussalam's economy, playing a significant role in employment absorption and contributing notably to the Gross Domestic Product (GDP). However, MSMEs in Brunei often face challenges in financial management, legal compliance, and identifying as well as managing operational risks. This Community Service Program aims to equip MSMEs in Brunei with practical skills related to financial management, legal compliance, and risk mitigation tailored to their operational context. Based on a literature review and the implementation results, this paper outlines comprehensive strategies to assist MSMEs in addressing these challenges and fostering business sustainability. The findings indicate that this educational intervention significantly enhances the awareness and capabilities of MSMEs in Brunei in managing financial and legal challenges, while also preparing them for audits by regulators.

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Published

2024-10-04

How to Cite

Saputra Hasibuan, E., Suraji, R., Ikhsan, A., & Sastrodiharjo, I. (2024). Enhancing Financial, Legal, and Risk Management for MSMEs in Brunei Darussalam: Strategies for Sustainable Growth. International Journal of Advanced Multidisciplinary, 3(3), 418–428. https://doi.org/10.38035/ijam.v3i3.669

Issue

Vol. 3 No. 3 (2024): International Journal of Advanced Multidisciplinary (October-December 2024)

Section

Articles

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Copyright (c) 2024 Istianingsih Sastrodiharjo, Edi Saputra Hasibuan, Robertus Suraji, Arfan Ikhsan

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