News National News National Brunei sets goals for diversifying economy beyond oil Government identifies five priority sectors for growth in a 15-year economic blueprint January 8, 2021 BANDAR SERI BEGAWAN — The Ministry of Finance and Economy has unveiled the Brunei Darussalam Economic Blueprint, which sets goals to help the…
News National Business News National Business Brunei’s economic growth slows to 0.5% in third quarter 2020 The downstream sector remains the top performer while the upstream sector reports more revenue losses January 5, 2021 BANDAR SERI BEGAWAN – Brunei posted a slower economic growth of 0.5 percent in the third quarter of 2020 even as the downstream…
News National Business News National Business AMBD: Petrochemical activities biggest driver of economic growth in first half of 2020 Inflation is likely to ease in 2021 after reaching a 12-year high in June 2020 January 3, 2021 BANDAR SERI BEGAWAN – A whopping 594.7 percent rise in petrochemical production has contributed to a GDP growth of 2.6 percent year-on-year in…
News National Business News National Business CSPS: Gov’t faces tough budget decisions amid lower oil revenue The think tank warns that holding back on spending will harm economic growth October 27, 2020 BANDAR SERI BEGAWAN – Difficult choices loom for the Brunei government on cutting spending or introducing new taxes to balance its budget in…
News National Business News National Business MoFE: Expansion of Hengyi complex will be ‘significant’ boost to Brunei economy Gov't is near agreement with Hengyi to begin construction on Phase 2 of petrochemical complex September 29, 2020 BANDAR SERI BEGAWAN – The Brunei government and Hengyi Industries are “very close” to an agreement to begin a multi-billion dollar expansion of…
News Legislative Council National News Legislative Council National Brunei projected to record budget deficit of $1.47 billion The Ministry of Finance and Economy tables a budget of $5.86 billion for 2020/21 financial year March 11, 2020 BANDAR SERI BEGAWAN – The Brunei government is expected to face a budget deficit of $1.469 billion in the 2019/20 fiscal year, despite…
News National News National Brunei, China pledge to ramp up infrastructure development China's Xi calls for 'long-term, strategic partnership' with Brunei, as two countries sign Belt and Road plan November 20, 2018 BANDAR SERI BEGAWAN – Brunei and China have agreed to ramp up cooperation in infrastructure development as part of Beijing’s ambitious Belt and…
News National News National Sultan urges gov’t to push agri sector, reduce reliance on food imports With oil prices rebounding and economic recovery on the cards, the monarch warns against complacency July 16, 2018 BANDAR SERI BEGAWAN – Even though Brunei’s economy is expected to see a modest recovery in 2018 — after four years of negative…
News News Pacific-wide trade deal could bring $1B to Brunei businesses Brunei has potential to be a gateway for Asian exports markets, diplomats say 1 Comment April 5, 2018 Although the United States is no longer part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), countries in the Americas are…
News Legislative Council News Legislative Council As deficit falls by 40%, gov’t proposes $5.3B budget for 2018 After four years of negative growth, the Brunei economy is forecasted to see a modest uptick this year March 7, 2018 The Ministry of Finance today announced a proposed government budget of $5.3 billion for the 2018/19 fiscal year, on the back of recovering…