Business News National Business News National 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 National Business News National Business 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…
Business News National Business News National 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…
News National News National Gov’t forms new regulatory body for oil and gas industry Petroleum Authority of Brunei Darussalam to shape development of long-term energy security, says energy ministry April 22, 2020 BANDAR SERI BEGAWAN – The government has formed a new regulatory body for the oil and gas industry called Petroleum Authority of Brunei…
Business News National Business News National 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,…
Business News World Business News World Saudi oil supply hits record as price war rages with Russia Global oil glut deepens as Saudi Arabia ups exports April 2, 2020 RIYADH (AFP) – Saudi Arabia boosted crude oil supply to record levels Wednesday, with state giant Aramco offering 18.8 million barrels on a single…
Sponsored Content Sponsored Content BSM: 60 years of serving the community With 36 retail stations across Brunei, BSM is investing in technology to improve operations February 17, 2020 BANDAR SERI BEGAWAN – Brunei Shell Marketing (BSM) has come a long way since it began its operations as Shell Marketing Company of…
Business News Sponsored Content Business News Sponsored Content BSM launches 2 high-performance motor fuels Shell V-Power promises better engine performance and efficiency February 10, 2020 BANDAR SERI BEGAWAN – Brunei Shell Marketing (BSM) has launched two new motor fuel products – Shell V-Power Gasoline and Shell V-Power Diesel…
News National News National Energy companies unite to fight corruption Whistleblowers have been credited for reporting recent corruption cases in oil and gas industry November 26, 2019 BRUNEI-MUARA – More companies have joined the Brunei Energy Industry Integrity Pact to unite against corruption in the industry’s business dealings. Twenty-two members…