• Economic News Updates

    Economic News Updates

    For each market we cover, OBG produces regular economic research available on our website, by email subscription and via RSS feed. Free to access, our Economic Updates are targeted at those looking for regular comment on key sector developments.

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Economic Update | Brunei Darussalam set to increase oil and gas production

24 Apr 2014

Although declining oil production has had an effect on Brunei Darussalam’s recent economic performance, officials insist the reasons for the drop are short term in nature, while the country’s long-term prospects in the sector remain promising. Expansive government plans at home and a cooperation agreement with Timor-Leste abroad should give the sector a welcome fillip as well.

Economic Update | Brunei Darussalam rolls out a business-friendly budget

22 Apr 2014

The 2014/15 budget for Brunei Darussalam, which came into effect on April 1, has a strong business focus, seeking to promote investment, stimulate and support private sector growth, and help provide the tools and skills needed to sustain economic development and diversity.

Economic Update | Brunei Darussalam to build ICT opportunities

17 Mar 2014

Proposed regulatory reforms are set to give a boost to Brunei Darussalam’s information and communications technology sector, an area of the economy that the government has targeted for growth.

Economic Update | Brunei Darussalam achieving petrochemicals potential

16 Feb 2014

With work set to start on a multi-billion dollar petrochemicals plant, Brunei Darussalam has moved a step closer to achieving its long-held objective of building up its downstream hydrocarbons sector.

Economic Update | Brunei Darussalam’s insurers seeking policy of growth

1 Dec 2013

Insurers in Brunei Darussalam are aiming to increase penetration rates in a number of key segments of their industry, looking to boost growth in what is already a highly competitive operating environment. However, to do so they will likely need to lift the sector’s profile among their potential client base.

Economic Update | Brunei Darussalam sharpens focus on renewable energy

3 Nov 2013

While abroad Brunei Darussalam might be best known for its substantial hydrocarbons reserves, at home authorities are turning their attention to more “green” forms of energy, including solar. However, compared to some of its South-east Asian neighbours, the Sultanate has set more modest goals and has been slower to develop alternatives to oil and gas.