'economy' Stories - The Scoop

HM: RCEP can boost post-pandemic economic recovery Sultan says Brunei is honoured to lead COVID-19 recovery efforts in ASEAN during a pre-recorded titah at the Boao forum

April 21, 2021

BANDAR SERI BEGAWAN – The Regional Comprehensive Economic Partnership (RCEP) agreement will help to strengthen post-pandemic recovery efforts in the region, His Majesty…

Pandemic is a test of APEC’s relevance, says Brunei’s sultan Putting differences aside, leaders of the 21-country grouping issued a joint statement for the first time in 3 years

November 21, 2020

BANDAR SERI BEGAWAN – APEC needs to restore market confidence to promote early economic recovery from the COVID-19 pandemic, Brunei’s monarch said on…

Rising petrochemical exports offset COVID-19 impact as Brunei economy grows 2.8% in Q2 The Brunei economy fared better than expected but aviation and hotel sectors suffer major losses

October 27, 2020

BANDAR SERI BEGAWAN – The Brunei economy grew 2.8 percent in the second quarter of 2020, buoyed by increased exports of petrochemical products…

CSPS lowers economic growth forecast over COVID-19 uncertainty Brunei lacks real-time economic data to effectively monitor impact of pandemic, says think tank

July 21, 2020

BANDAR SERI BEGAWAN – Brunei think tank Centre for Strategic and Policy Studies (CSPS) has painted a less rosy economic outlook of the…

Brunei economy grew 2.4% in first quarter amid pandemic Strong showing in the downstream sector contributed to rise in export earnings despite airline industry woes

July 16, 2020

BANDAR SERI BEGAWAN – Strong growth in the downstream sector has offset major revenue losses in the airline industry as Brunei’s economy expanded…

Brunei mulls curbing oil output in line with OPEC+ pact As COVID-19 pandemic slashes energy demand, oil producers seek to shore up crude prices

April 22, 2020

BANDAR SERI BEGAWAN – Brunei will consider cutting oil output in cooperation with OPEC, the second minister of finance and economy said Tuesday,…

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Workers facing worst crisis since WWII amid pandemic: UN ILO says 125 million jobs will be lost in Asia-Pacific in the next three months

April 8, 2020

GENEVA (AFP) – Some 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic, the United Nations said Tuesday, warning it was…

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…

HM: Budget deficit may be looming with weak oil prices, coronavirus outbreak The sultan opens 16th Legislative Council session amid global recession fears

March 9, 2020

BANDAR SERI BEGAWAN – His Majesty Sultan Haji Hassanal Bolkiah on Monday said Brunei may record a budget deficit in the 2019/2020 fiscal…

New council formed to reduce unemployment In his New Year's Eve titah, the sultan urged government and private sector to work together in addressing Brunei's high unemployment

January 1, 2020

BANDAR SERI BEGAWAN – The newly established Manpower Planning and Employment Council (MPEC) has been tasked to ensure Brunei’s graduates remain competitive amid…

Tag: economy