News Business News Business RB introduces direct twice-weekly flights to South Korea Encouraged by increased tourist arrivals from South Korea, RB is confident that new route will ramp up domestic tourism 1 Comment November 27, 2017 Royal Brunei Airlines’ (RB) newly-introduced twice weekly flights to Incheon will help draw more tourists and business from South Korea, airline CEO Karam…
News Business News Business FDI on the rise in Brunei with new margarine plant greasing the pan for more The launch of the US$30M Western Foods and Packaging manufacturing plant is a success story for Brunei November 18, 2017 Foreign direct investment into Brunei is on the rise, the second finance minister said on Saturday, following the launch of a US$30 million…
News Business News Business $30M margarine plant set to open in Serasa this Saturday The factory marks the first joint investment between Brunei and Turkey November 16, 2017 Turkey is seeking to expand economic cooperation with Brunei as the first joint venture between the two countries — a margarine factory in…
News Business News Business Local construction sector slumps 6.6% in 2016, minister calls on industry players to be more innovative A recent international study indicates that global construction industry 'stuck in a time warp' November 12, 2017 Slumping oil prices and a weaker economy are putting a damper on the local construction industry, shrinking 6.6 per cent at constant prices…
News Business News Business HSBC shutters all branches in lead up to Brunei exit After selling its retail and commercial banking portfolio to Baiduri Bank, all remaining HSBC branches cease operations November 11, 2017 After a 70-year presence in the sultanate, the Hong Kong and Shanghai Banking Corporation (HSBC) Brunei shuttered the doors on its flagship branch…
News Business News Business No long queues for new iPhone models, but Bruneians still forking out thousands on the back of brand loyalty Although Apple fans in Brunei had to wait for a month longer than the official Asia launch for iPhone 8 and 8 Plus, mobile phone retailers say sales remain steady November 4, 2017 There were no pitched-up tents, sleeping bags nor snaking queues like those seen in neighbouring Singapore but Apple enthusiasts in Brunei were not…
News Business News Business World Bank: Brunei most improved country for doing business Brunei climbs to 56 out of 190 economies for ease of doing business November 1, 2017 Brunei has climbed to 56 out of 190 economies for ease of doing business, according to a World Bank report released yesterday. It…