FOR IMMEDIATE RELEASE
Bandar Seri Begawan, Brunei Darussalam – OCTOBER. 30, 2023
BIPO, the renowned global leader in payroll and people solutions, is pleased to announce its expansion into Brunei in a compelling testament to its unwavering commitment to the Asia Pacific region.
As an integral part of BIPO’s strategy to bolster the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA), BIPO proudly unveiled its Brunei office in September 2022. This achievement adds to an impressive growth trajectory in 2022/23, characterised by the inauguration of several new offices across Asia Pacific, Europe, and Latin America.
Southeast Asia, including Brunei, remains a focal point for BIPO. It represents a vast, untapped market brimming with opportunities for forward-thinking companies. Karen Lee, Managing Director of BIPO’s Southeast Asia and Oceania division, currently gracing Brunei at BETCON23, organised by the BEBC Brunei and endorsed by the Ministry of Finance and Economy, shared her insights on this exciting development. “Southeast Asia, particularly Brunei, continues to be a pivotal market for BIPO, offering immense potential for companies aspiring to explore new horizons,” she shared.
In a world where business expansion is no longer a luxury but a necessity, enterprises increasingly seek efficient, reliable, and rapid ways to venture into new markets. This pursuit demands access to trusted local partners with expertise in navigating the intricate landscape of business, finance, and HR compliance, including the labyrinth of labour laws and regulations.
BIPO offers SMEs and MNCs a unique value proposition. By expertly handling the complexities of traditional HR functions, including risk management and global compliance, BIPO grants businesses the freedom to concentrate on strategic growth with the utmost peace of mind.
Lee added, “We have observed growing interest from global MNCs keen to expand into Brunei, Indonesia, Malaysia, and the Philippines, drawn by the rich resources and highly skilled talent pool available in these nations. Moreover, Brunei’s unwavering commitment to helping Micro, Small, and Medium Enterprises scale up through digital solutions, including initiatives like the Productivity and Efficiency Joint-Funding for Digital Adoption (PENJANA) scheme (of which BIPO is a pre-approved solutions provider), has triggered a surge in local businesses keen to expand their horizons into East ASEAN and beyond as part of their internationalisation plans.”
Headquartered in Singapore and complemented by a Global Innovation Hub in the Republic and four Research & Development Centres spanning Singapore, Malaysia, Indonesia, and China, BIPO’s global offices extends to over 40 countries, boasting a talented workforce exceeding 900 employees.
BIPO’s total HR solutions cater to businesses of all sizes, from SMEs to MNCs. These encompass Human Capital Management solutions, Global Payroll Outsourcing, and Employer of Record services across 150+ global markets. BIPO empowers businesses to manage today’s global workforce with unparalleled efficiency, enhancing productivity and operational effectiveness.
Through cutting-edge technology and a commitment to excellence, BIPO ensures the delivery of the best-in-class HR and payroll solutions. BIPO’s award-winning HR Management System (HRMS) and Athena BI (Business Intelligence), coupled with innovative Global Payroll Outsourcing and Employer of Record technology platforms, streamline HR operations, automate workflows, and provide actionable HR and people insights.
BIPO’s dedication to excellence consistently garners industry recognition, including being recognised as major contender in Everest Group’s 2022 Multi-country Payroll Solutions PEAK Matrix® Assessment and notable awards such as HR Vendors of the Year and Great Place to WorkTM certifications. These accolades are a testament to BIPO’s unwavering commitment to delivering exceptional service.
Discover more about BIPO and its innovative solutions, visit: www.biposervice.com
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