Brunei Darussalam’s growth is expected to rebound in 2022 and 2023 with gross domestic product (GDP) growth of 4.2 per cent and 3.6 per cent respectively, led by a sharp increase in oil and gas output. A key policy challenge is the diversification of fiscal revenue away from oil and gas to enhance long term […]
Read MoreThe CPI in December 2021 increased by 2.2 per cent year-on-year, said the Department of Economic Planning and Statistics (DEPS) in a statement yesterday. The prices of food and non-alcoholic beverages and non-food increased by 2.0 per cent and 2.2 per cent respectively, due to the rise in prices of food such as cooking oil […]
Read MoreBrunei Darussalam Central Bank (BDCB) yesterday published Brunei Darussalam’s residential property price index (RPPI) for the fourth quarter of 2021 (Q4 2021). The index was compiled using data sourced from banks in the Sultanate, and is published with close cooperation from the Ministry of Development (MoD), in particular the Authority for Building Control and Construction […]
Read MoreIn the fourth quarter (Q4) of 2021, the retail sales index (RSI) performance in Brunei Darussalam showed a year-on-year decrease of 8.6 per cent with an estimated retail sales value of BND417.1 million. The Food and Beverages Services Index (F&BSI) has also decreased by 22.9 per cent compared to the Q4 of 2020 with an […]
Read MoreBrunei Darussalam was ranked 12th in the Refinitiv Islamic Finance Development Report 2021: Advancing Economies, in terms of overall development in the Islamic finance industry out of 135 countries being assessed. The report revealed that based on 2020 data, Brunei Darussalam achieved 34 points in the Islamic Finance Indicator (IFDI), while the global average indicator […]
Read MoreThe Asian Development Bank (ADB) Outlook report recently stated that Brunei Darussalam’s economic growth for this year is forecast to be 3.5 per cent, compared to 1.8 per cent last year. Additionally, the International Monetary Fund (IMF) and ASEAN + 3 Macroeconomic Research Office (AMRO) recently projected positive economic growth for Brunei Darussalam this year […]
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