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Brunei records 1st monthly trade deficit in history

BANDAR SERI BEGAWAN, Sept. 12 (Xinhua) — Brunei recorded a 57.8-million-Brunei dollar (42.2-million-U.S. dollar) trade deficit in June 2020 due to a major decrease in exports, marking the first-ever trade deficit since January 2014 when historical data became available. The latest International Merchandise Trade Statistics released on Saturday by the Department of Economic Planning and […]

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Brunei 44th most innovative among high income economies

Brunei Darussalam clinched top place in ease of getting credit and cost of redundancy dismissal in the pillar of Market Sophistication and Institutions in this year’s Global Innovation Index (GII) 2020 report. Regionally, Brunei Darussalam ranked 13th among 17 economies in Southeast Asia, East Asia and Oceania and 71st globally in the Global Innovation Index […]

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Brunei’s economic recovery expected to continue

The Brunei economy recovered in 2019 and the recovery is expected to continue this year amid a sharp slowdown in the global economy, according to the 2019 Annual Consultation Report on Brunei Darussalam published yesterday by the ASEAN+3 Macroeconomic Research Office (AMRO). The agency said, “The gross domestic product (GDP) grew by 3.9 per cent […]

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Singapore, Brunei agree on ‘reciprocal green lane’ for essential travel, applications begin today

SINGAPORE, Sept 1 — Singapore and Brunei Darussalam have agreed to establish a “reciprocal green lane,” starting this month, to facilitate essential business and official travel for residents from both countries. In a joint statement today, the Foreign Affairs ministries of the two countries said that both sides have agreed to allow cross-border travel to […]

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Brunei sees increase in mobile data consumption

There has been a 20 per cent increase in broadband usage, with broadband penetration up by 60 per cent and over 2,800 new orders monthly. This was based on statistics collected by network provider Unified National Networks Sdn Bhd (UNN). There has also been a 22 per cent increase in the daily consumption of mobile […]

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