Economic Updates: Brunei Darussalam

Brunei Darussalam: Fisheries promise for industry

Asia | 11 Feb 2013
Brunei Darussalam: Fisheries promise for industry

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.

Brunei Darussalam: Islamic banking earmarked for further growth

Asia | 24 Jan 2013
Brunei Darussalam: Islamic banking earmarked for further growth

The Islamic banking segment strengthened its position within Brunei Darussalam’s financial services industry last year on the back of rising demand that led to the launch of a new bank and major bond issuances. Having moved early to establish sharia-compliant services, the Sultanate is now well placed to carve out a niche for itself as an international Islamic banking centre. However, the industry will need to address a number of challenges, led by a shortage of skilled workers, if it is to fully support the segment’s development.

Brunei Darussalam: Year in Review 2012

Asia | 10 Jan 2013
Brunei Darussalam: Year in Review 2012

While overall growth in Brunei Darussalam’s economy slowed in 2012, expansion in the non-oil and gas sector suggested that some of the Sultanate’s diversification efforts are gaining traction and should pave the way for government plans to target value-added production.

Brunei Darussalam: Efforts under way to boost FDI

Asia | 14 Dec 2012
Brunei Darussalam: Efforts under way to boost FDI

The government in Brunei Darussalam is moving to speed up business processes and improve communication between the public and the private sectors amid calls for the introduction of measures to boost foreign direct investment (FDI).

Brunei Darussalam: Looking local for human resources

Asia | 30 Nov 2012
Brunei Darussalam: Looking local for human resources

While Brunei Darussalam’s Energy Department is pushing for full localisation of human resources in the oil and gas sector, firms say the transient nature of the industry and a lack of experienced locals makes this a challenge.

Brunei Darussalam: 4G to target traffic jams

Asia | 15 Nov 2012
Brunei Darussalam: 4G to target traffic jams

A surge in Brunei Darussalam’s mobile data traffic usage at the beginning of 2012 has heightened expectations over the impact that 4G technology will have on the telecommunications sector.

Brunei Darussalam: Sowing seeds of self-sufficiency

Asia | 1 Nov 2012
Brunei Darussalam: Sowing seeds of self-sufficiency

Plans to boost high-tech farming initiatives and enter into agribusiness deals with neighbours bode well for Brunei Darussalam’s long-term food security ambitions. However, challenges such as limited land and human resources will prove hard to overcome.