Led by Tiffanni Wong, Head of Trade Finance at Baiduri Bank, the workshop guided participants through a series of informative sessions. The event opened with Trade Finance 101, an introductory session that provided a foundational overview of trade finance products and their practical applications for business expansion.

In the Product Spotlight session, participants explored key trade finance instruments such as Letters of Credit, Documentary Collections, and Pre-shipment and Post-shipment Financing. These tools were explained in detail, showcasing how they can streamline trade transactions and reduce associated risks. The workshop also featured a Shipping Smarts session, which focused on the importance of Incoterms in shipping contracts and how they affect responsibilities and risks in global trade.

In the afternoon, personalised one-on-one consultations offered tailored advice on applying trade finance solutions to meet the specific needs of each business.

Commenting on the workshop, Tiffanni Wong said, “At Baiduri Bank, we recognise that businesses often face unique challenges when navigating international trade. Our goal with this workshop was to equip SMEs with not just the knowledge but also the confidence to leverage trade finance solutions effectively, enabling them to optimise operations, manage risks, and pursue new market opportunities.”

The aim of the workshop was to equip Brunei’s businesses with the insights and resources necessary to thrive in today’s competitive market, both locally and internationally. By educating SMEs on trade finance, the workshop empowered participants to navigate the complexities of international trade with greater confidence. Participants also gained valuable insights into solutions like Bank Guarantees, which can enhance business credibility, secure contracts, and facilitate access to new markets by providing assurance to suppliers and partners

Baiduri Bank remains committed to supporting the growth of local businesses by providing tailored financial solutions and expert guidance. The Bank recognises the unique challenges SMEs face and seeks to equip them with the tools and knowledge needed to navigate trade finance complexities. Through initiatives like this workshop, Baiduri Bank aims to contribute to the sustainable development of Brunei’s economy, fostering an environment where local businesses can thrive and engage in the global marketplace.

For more information on Baiduri Bank, visit www.baiduri.com, follow the Bank’s social media accounts, or call its 24-hour Customer Helpline at 244 9666.