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Brunei: Bank promotes MSME accounts, electronic payments

BANK Islam Brunei Darussalam (BIBD) took part in a two-day entrepreneurship event to promote BIBD’s micro, small and medium enterprise (MSME) account to startups and entrepreneurs as well as encourage the use of the bank’s digital banking technologies, . The bank’s participation at the Entrepreneurship Day held at Universiti Islam Sultan Sharif Ali (UNISSA) in the […]

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Brunei: MoD policy framework focusses on socio-economic development

THE Ministry of Development (MoD)’s Policy Framework and Strategic Plan 2018-2023 is a comprehensive plan that outlines the policy direction in priority areas and provides strategy and implementation arrangements from aspects of land use planning, infrastructure development and environmental management so that they are closely coordinated with the country’s socio-economic development in line with duties and […]

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Brunei: Total trade sees 33pc increase in January

BRUNEI Darussalam’s total trade in January 2019 increased by 33.3 per cent to BND1,436.7 million compared to January 2018. Total exports increased year on year by 27 per cent to BND952.6 million (January 2019) from BND749.8 million (January 2018). This was mainly attributed to the increase in the exports of crude oil and liquefied natural […]

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Brunei: Export promotions take businesses on correct journey

DIRECTOR of Malaysia External Trade Development Corporation (MATRADE) Sabah Noor Azian binti Romlan addressed the need for export promotion through avenues such as local and overseas events, trade fairs, trade and investment missions as well as market visits. Delivering her keynote presentation on ‘The Basics: Building an Export-Oriented Business’, she highlighted what companies need to […]

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Brunei: Drop in foreign workers

A 2017 LABOUR force study carried out by the Department of Economic Planning and Development under the Ministry of Energy, Manpower and Industry showed that the number of foreign workers in the country had dropped from 52,161 in 2014 to 47,490 in 2017, which is a decrease of 4,671 persons, said Minister of Energy, Manpower […]

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