A budget allocation of $203,400,000 for the Ministry of Development for financial year 2017-2018 has been approved during the Legislative Council meeting which entered its 7th day, which also saw the approval of the Ministry of Religious Affairs’ budget. Earlier, Yang Berhormat Dato Seri Setia Awang Haji Bahrin bin Abdullah, the Minister of Development in […]
Read MoreCONSUMER Price Index (CPI) in January 2017 decreased by 0.3 per cent over December 2016. Food and Non-Alcoholic Beverages Index increased by 0.4 per cent while the Non-Food Index fell by 0.5 per cent. The decrease in the overall CPI in January 2017 was due to lower prices of Transport (1.0 per cent); followed by […]
Read MoreFOR the month of December 2016 Brunei Darussalam’s Trade Balance was BND203.3 million. Total exports amounted to BND512.9 million, while imports were valued at BND309.6 million. Mineral fuels recorded the highest contribution of 87.4 per cent of total exports, comprising Crude Oil (BND247.9 million) and Liquefied Natural Gas (LNG) (BND200.3 million). The highest exports market […]
Read MoreThe Energy and Industry Department, Prime Minister’s Office would like to announce the abolishment of the existing cement import quota policy effective from 1st January 2017. This new policy opens up the market for all types of cement in Negara Brunei Darussalam in the public interest. The new policy will provide more opportunities in the […]
Read MoreALL lodging premises in the country are required to register with the Tourism Development Department in line with provisions stipulated in the Tourism Order 2016 that came into force in October last year. Some 83 representatives of lodging premises identified by the Tourism Development Department comprising hotels, budget hotels, motels, resorts, home stay, rest houses, […]
Read MoreBRUNEI is honing institutional strengths and improving business competitiveness as it seeks to diversify its oil-dependent economy. The establishment of the Asean Economic Community (AEC) will sustain the growth of Bruneian businesses, helping the sultanate attain its goal of diversifying its oil-dependent economy. Analysts and business leaders interviewed by The Brunei Times said regional integration […]
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