The agriculture and fishery sectors are seeing growth with production increasing from BND781.26 million in 2021 to BND857 million last year. It is on track to reach BND1 billion in the next few years. This was revealed by Minister of Primary Resources and Tourism Yang Berhormat Dato Seri Setia Dr Haji Abdul Manaf bin Haji […]
Read MoreBrunei Darussalam’s positive economic growth forecast this year takes into account recovery and economic diversification efforts especially the downstream oil and gas industry relating to Hengyi Industries Sdn Bhd, Brunei Methanol Company Sdn Bhd and Brunei Fertilizer Industries Sdn Bhd. The forecast also considers internal and external factors such as the spread of a new […]
Read MoreBusinesses were generally more optimistic about their performance in February 2023 compared to January 2023. This optimism was mainly driven by expectations of higher production due to higher demand; more incoming projects; commencement of new projects; as well as the 39th National Day. This was revealed in the latest Brunei Darussalam’s Business Sentiment Index (BSI) […]
Read MoreAfter registering contraction in real gross domestic product (GDP) for two consecutive years, Brunei is expected to grow by 2.6 per cent in 2023. The optimistic outlook was shared by the Centre for Strategic and Policy Studies (CSPS) in its newly-released CSPS Brunei Economic Outlook 2023. There is normalisation of economic activity following the lifting […]
Read MoreThe inflation rate was at 3.7 per cent in 2022 compared to 1.7 per cent in 2021. The food and non-alcoholic beverages and non-food indexes increased by 5.1 per cent and 3.3 per cent. The increase in the food and non-alcoholic beverages index was mainly due to the rising meat prices. Meanwhile, the increase in […]
Read MoreAfter the setback to growth last year due to the outbreak of the Delta variant of COVID-19, economic activities in Brunei Darussalam are gradually picking up, particularly in the non-oil and gas (O&G) sector. High vaccination rates have allowed containment measures and border restrictions to be lifted, enabling fuller economic re-opening. Higher global energy prices […]
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