Economic Updates: Brunei Darussalam

Brunei Darussalam: New era for farming and food production

Asia | 9 May 2013

A drive to improve food security under way in Brunei Darussalam will see the government release land for livestock production, develop irrigation systems and step up cooperation with other countries. The move forms part of a broader bid to galvanise the agriculture sector into helping the Sultanate achieve food self-sufficiency in the longer term.

Brunei Darussalam: Infrastructure snags to boosting tourist numbers

Asia | 24 Apr 2013

Having begun to roll out a tourism master plan that puts the spotlight on natural and cultural assets, Brunei Darussalam is targeting an 8% increase in visitor numbers this year.

Brunei Darussalam: Diversification efforts gather strength

Asia | 9 Apr 2013

While growth in Brunei Darussalam’s economy has slowed in recent years, a rising contribution from the non-oil and gas sectors, particularly agriculture, indicates that efforts to accelerate diversification are producing results.

Brunei Darussalam: Long road for transport reform

Asia | 26 Mar 2013

An overhaul of driving regulations and the launch of a national transportation master plan are hoped to improve links in Brunei Darussalam as the country aims to play a central role in a regional trade grouping. However, convincing Bruneians to choose public transport, rather than their vehicles, appears to be a major challenge.

Brunei Darussalam: Regulation and awareness key to ICT growth

Asia | 7 Mar 2013

High-speed internet services should act as a key driver in Brunei Darussalam’s bid to attract investment and transform itself into a knowledge-based economy, although industry experts say further regulatory reform will accelerate ICT uptake and boost penetration.

Brunei Darussalam: Retail anti-piracy drive

Asia | 25 Feb 2013

Retailers in Brunei Darussalam are being urged to step up their role in the battle against piracy as reforms targeting the sale of illegal counterfeits gain pace. The Sultanate hopes a nationwide crackdown, together with an anti-piracy awareness campaign, will prove instrumental in improving both the investment environment and retailers’ bottom lines. However, critics say there is still room to strengthen legislation and the enforcement drive.

Brunei Darussalam: Fisheries promise for industry

Asia | 11 Feb 2013

The launch of a major seafood processing plant highlights the progress the Sultanate is making in its plans to diversify from oil and resources and position itself as a centre of value-added industry. However, a shortage of available land to further develop the industry sector has been identified as a limiting factor.