The Sultanate has introduced a variety of reforms across all its sectors with the aim of diversifying the economy. The government is focused on making the most of ASEAN’s recent surge in growth by attracting foreign direct investment. To achieve this goal the state has realigned its reforms to improve the country’s ranking on the World Bank’s “...
Raising the level of private sector participation in the economy is key to the diversification from the oil and gas sector that is already under way in the Sultanate. What policy measures are in place to accelerate the pace of growth in the private sector? In which specific sectors do you see additional opportunities for investors...
The economy, buoyed by hydrocarbon revenues, has continued to grow, enabling a new push to greater diversification and increased hiring of locals. The government maintains strong fiscal and current account surpluses and is showing a strong appetite to direct this towards future growth and diversification. Indeed, with oil and gas making up more than...
In 2013 Brunei Darussalam takes over the chairmanship of ASEAN at a crucial juncture for both the trading bloc and the country’s aspirations. The region faces several challenges, from territorial disputes in the South China Sea to implementing the criteria for the ASEAN Economic Community (AEC). With its one-year chairmanship, the Sultanate will be...
How would you assess Republic of Korea-Brunei Darussalam bilateral relations and economic ties, and how can these be deepened?
The year 2013 will see Brunei Darussalam take over as chair of the ASEAN. It does so at a time when the 10-nation grouping is facing serious challenges. The role also presents the Sultanate with an opportunity to showcase its talents in the diplomatic sphere before a larger, global audience. A number of foreign analysts and local and...
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