News Legislative Council National Business News Legislative Council National Business US$9 billion for expansion of Pulau Muara Besar complex New facilities will go online by 2028 March 8, 2023 BANDAR SERI BEGAWAN – Hengyi Industries will sink US$9 billion into the Phase II expansion of the Pulau Muara Besar petrochemical complex, the…
News National Business News National Business Government budget on track for first surplus in 7 years, says CSPS Higher oil and gas earnings improve Brunei's fiscal position in 2022 March 1, 2023 BANDAR SERI BEGAWAN – Brunei is on course to record a budget surplus for the first time in seven years despite increased government…
News National Business News National Business Economic recovery on the cards in 2023: CSPS projections Brunei ends recession in Q3 2022 as downstream oil and gas sector is set to continue stimulating economic growth February 28, 2023 BANDAR SERI BEGAWAN – The Brunei economy is projected to end its prolonged downturn and post a 2.6% growth this year owing to…
News National Business News National Business Fertiliser production to diversify Brunei exports BFI plant will also boost local shipping industry, says HM February 26, 2023 BANDAR SERI BEGAWAN –Â His Majesty Sultan Haji Hassanal Bolkiah officiated the launch of the Brunei Fertilizer Industries (BFI) plant on Saturday, saying…
News National Business News National Business Shell to explore carbon transport and storage in Brunei and Singapore BSP said the move could lead to development of CCS hub in Southeast Asia October 27, 2022 BANDAR SERI BEGAWAN – Shell Eastern Petroleum, an unit of global oil and gas major Shell Plc said on Wednesday it had signed…
News National Business News National Business Record-low oil output drags Brunei economy deeper into recession The sultanate posts largest quarterly GDP contraction in six years October 24, 2022 BANDAR SERI BEGAWAN – Brunei is still struggling to get out of a deep recession after record-low oil production in the second quarter…
News National Business News National Business Brunei economy likely to see modest gains in 2022: CSPS The sultanate is on track to cut fiscal deficit on the back of high oil prices October 17, 2022 BANDAR SERI BEGAWAN – The Brunei economy is still expected to stage a modest rebound in 2022 despite a sharp contraction of 4.2…
News Business News Business How the other half lives: Luxury companies thrive August 1, 2022 LONDON/PARIS (Reuters) – While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on…
News National Business News National Business Brunei’s 2021 GDP falls at fastest pace in five years Recession deepens as declining oil and gas output continues to hamper economic recovery May 29, 2022 BANDAR SERI BEGAWAN – The Brunei economy suffered its biggest contraction in five years, closing out 2021 with a 1.6 percent annual negative…
News World Business News World Business Biden’s Asian economic plan include 13 countries but not China May 24, 2022 TOKYO (Reuters) – President Joe Biden launched his plan for US economic engagement in Asia on Monday, leaving it to the 13 founding…