Economic Updates: Brunei Darussalam

Brunei Darussalam to build ICT opportunities

Brunei Darussalam | 17 Mar 2014
Brunei Darussalam to build ICT opportunities

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.

Brunei Darussalam achieving petrochemicals potential

Brunei Darussalam | 16 Feb 2014
Brunei Darussalam achieving petrochemicals potential

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.

Brunei Darussalam’s insurers seeking policy of growth

Brunei Darussalam | 1 Dec 2013
Brunei Darussalam’s insurers seeking policy of growth

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.

Brunei Darussalam sharpens focus on renewable energy

Brunei Darussalam | 3 Nov 2013
Brunei Darussalam sharpens focus on renewable energy

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.

Brunei Darussalam looks to its labs for growth

Brunei Darussalam | 7 Oct 2013
Brunei Darussalam looks to its labs for growth

Increased investment in research and development (R&D), combined with targeting niche markets, are two cornerstones of a strategy being rolled out by Brunei Darussalam aimed at encouraging economic diversification.

Brunei Darussalam weighs Pacific trade deal

Brunei Darussalam | 9 Sep 2013
Brunei Darussalam weighs Pacific trade deal

As progress in the US-led Trans-Pacific Partnership Agreement (TPPA) accelerates, some Bruneians are saying it represents a significant opportunity to create jobs and energise trade. However, critics are concerned that the legal powers it will give to foreign firms could impinge on Brunei Darussalam’s sovereignty.

Brunei Darussalam takes steps to lessen rural digital divide

Asia | 11 Aug 2013
Brunei Darussalam takes steps to lessen rural digital divide

Rural areas of Brunei Darussalam, which have long faced problems with information and communications technology (ICT) services, are set to benefit from a move to align the Sultanate’s bandwidth with that of its regional neighbours.