Asia

Chapter | Table of Contents from The Report: Brunei Darussalam 2016

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Commanding the second-highest GDP per capita of all ASEAN nations, at $40,979 in 2014, Brunei Darussalam remains one of the most advanced economies in the South-east Asian region. This is in large part due to the Sultanate’s well-developed energy sector; however, with oil and gas prices falling substantially from mid-2014, new efforts are being made to increase the efficiency of production and diversify the economy to ensure future stability and sustainability.

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More than two years after the start of the Covid-19 pandemic, many emerging markets are still dealing with high levels of plastic waste. Amid numerous environmental and health challenges, countries and companies alike are working on solutions to combat the issue.

As rising inflation and the global food crisis place financial pressure on many countries around the world, remittance flows to emerging markets are expected to continue to provide crucial support.

Russia’s invasion of Ukraine has caused disruptions across the global economy, from food to energy, but it has also prompted an increase in the number and sophistication of cyberattacks, exacerbating similar impacts from the Covid-19 pandemic.

As emerging markets continue to add capacity to generate renewable energy, some of the world’s wealthiest countries could help fund their energy transitions.

The Philippine tobacco industry accounted for roughly 6% of tax revenue in 2020, and 58% of so-called sin tax receipts.

Following the US Federal Reserve’s decision to raise benchmark interest rates in recent months, analysts are closely tracking the impact this will have on emerging markets and their economies.

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