A wave of optimism came with the start of 2022 as domestic and border restrictions relaxed, regional and global economies rebounded, raising hope of a return to some sort of normality. This was said by Standard Chartered Bank Brunei Chief Executive Officer (CEO) Pengiran Aki Ismasufian bin Pengiran Haji Ibrahim during Standard Chartered Bank Brunei’s […]
Read MoreIn Q1 2022, the performance of the retail sales showed a year-on-year (y-o-y) decrease of 3.9 per cent with an estimated value decreased from BND468.5 million to BND450.1 million. In terms of volume, the retail sales also recorded a negative growth of 8.4 per cent y-o-y, said the Department of Economic Planning and Statistics (DEPS) […]
Read MoreBANDAR SERI BEGAWAN: Brunei Darussalam Central Bank (BDCB) expects the country’s inflation to remain low despite the global price hike caused by geopolitical tension. According to the BDCB’s semi-annual policy statement released on Saturday on its website, the BDCB noted that the International Monetary Fund had revised its 2022 global growth forecast from 4.4 to 3.6 […]
Read MoreBrunei Darussalam Central Bank (BDCB) yesterday announced that the banking sector is extending the period to waive the fees and charges (excluding third party charges) for local online interbank fund transfers via the Real Time Gross Settlement (RTGS) and Automated Clearing House (ACH) systems for another six months, until December 31 for bank customers. This […]
Read MoreThe Consumer Price Index (CPI) in March 2022 increased by 3.8 per cent year-on-year compared to March 2021, according to the Department of Economic Planning and Statistics’ (DEPS) report. The rise was in line with the increase in non-food (3.9 per cent) and food and non-alcoholic beverages (3.4 per cent) prices. The increase in the […]
Read MoreThe Department of Economic Planning and Statistics (DEPS) has released for the first time a report on the International Merchandise Trade Index (IMTI) for the year 2021. The IMTI report will subsequently be released for every quarter beginning the first quarter of 2022. The publication of this report follows international practices as recommended by the […]
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