'Legislative Council 2020' Stories

LegCo ends early, passes $5.86 billion budget for 2020/2021 The Speaker makes unprecedented move to cut short the parliament session amid COVID-19 outbreak

March 15, 2020

BANDAR SERI BEGAWAN – The Legislative Council (LegCo) on Saturday passed a government budget of $5.86 billion for the 2020/2021 financial year after…

Hengyi exports $1.22 billion of petrochemical products The second finance and economy minister says the Brunei-China venture has exported to 15 countries

March 14, 2020

BANDAR SERI BEGAWAN – Hengyi Industries has generated $1.22 billion in export revenue since its aromatics plant started production last November, the second…

Brunei stock exchange a work in progress Listing and trading rules are being drafted as part of preparations to open the new bourse

March 14, 2020

BANDAR SERI BEGAWAN – Preparations are under way to establish Brunei’s stock exchange, including identifying companies that are ready to be listed, the…

JobCentre Brunei rejects 48% of applications to hire foreign workers A total of 2,949 local jobseekers found employment through JobCentre Brunei since 2017

March 14, 2020

BANDAR SERI BEGAWAN – JobCentre Brunei has rejected 48 per cent of companies’ applications to recruit foreign workers, the home affairs minister said…

Gov’t plans to improve TAP, SCP pension investments The Ministry of Finance and Economy receives 4.8% budget boost to fund development projects, including establishment of stock exchange

March 13, 2020

BANDAR SERI BEGAWAN – The Ministry of Finance and Economy (MoFE) is conducting a study on raising the dividends of Employees Trust Fund…

MinDef budget to focus on training, defence diplomacy The ministry is expected to increase its spending in the 2020/2021 fiscal year

March 13, 2020

BANDAR SERI BEGAWAN – The Ministry of Defence has proposed a budget of $606.02 million for the 2020/2021 fiscal year, which will be…

Brunei allocates $2 million to prepare for ASEAN chairmanship The Ministry of Foreign Affairs tables budget of $113.9 million for 2020/2021 fiscal year

March 12, 2020

BANDAR SERI BEGAWAN – The Brunei government has set aside $2 million to prepare for the hosting of ASEAN Summit next year, the…

MoH to regulate unhealthy food advertising The government is also mulling the possibility of imposing a tax on non-staple food high in sodium and sugar

March 12, 2020

BANDAR SERI BEGAWAN – The Ministry of Health is drafting new laws to regulate advertising of unhealthy foodstuff and drinks directed at children,…

PMO budget gets 1.3% increase The Prime Minister's Office allocates $431 million for 2020/2021 fiscal year

March 12, 2020

BANDAR SERI BEGAWAN – The Prime Minister’s Office (PMO) has tabled a budget of $431 million for the fiscal year 2020/21, a 1.3…

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…

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