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 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 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 National Business News National Business CSPS: Brunei economy projected to grow 3.7% in 2022 Downstream oil and gas sector expected to lead economic recovery as petrochemical products now make up majority of country's exports January 26, 2022 BANDAR SERI BEGAWAN – The Brunei economy is forecast to bounce back from recession to post a positive growth of 3.7 percent this…
News National Business News National Business Economic woes continue to batter Brunei as oil output hits record low Brunei economy struggles to recover with 2.2% contraction in Q3 2021 amid second COVID wave January 11, 2022 BANDAR SERI BEGAWAN – Brunei’s crude oil production plunged to a record low in the third quarter of 2021 as the second COVID…
News National Business News National Business Brunei economy slides into recession after worst quarter in three years Underwhelming performance of oil and gas sector continues to weigh down on economy October 11, 2021 BANDAR SERI BEGAWAN — The Brunei economy slid deeper into recession after posting its largest quarterly contraction in three years amid persistent oil…
News World National News World National Brunei economy contracts 1.4% for second straight quarter Oil and gas sector continues downward spiral in first quarter of 2021 but services sector rebounds after a year of negative growth July 21, 2021 BANDAR SERI BEGAWAN – Revenue losses in the oil and gas industry continued to hurt the Brunei economy in the first quarter of…
News National Business News National Business Brunei GDP declines 1.4% in Q4 2020 Oil and gas sector reports negative growth in all four quarters of 2020 but downstream sector maintains positive momentum March 19, 2021 BANDAR SERI BEGAWAN – The Brunei economy shrank 1.4 percent in the final quarter of last year, ending its run of positive growth…
News National Business News National Business Brunei economy to grow 2.8% in 2021 Think tank predicts post-COVID growth for Brunei but warns that outlook depends on recovery of global trade and commodity prices February 2, 2021 BANDAR SERI BEGAWAN – The Brunei economy is projected to expand 2.8 percent in 2021, led by downstream exports and the manufacturing sector,…