The Sultanate has long been a relatively open economy, encouraging international trade and investment. Tariff barriers have historically been low, with these continuing to fall as the country widens its participation in international trading agreements and organisations. This trend is due to accelerate as ASEAN, which Brunei Darussalam will...
Steeped in the history and traditions of South-east Asia and of the island of Borneo, the Sultanate of Brunei Darussalam is an ancient nation. Strategically located in a fast-growing and fast-changing region, it has also long been a haven of stability and continuity. Indeed, the current ruler, His Majesty Sultan Haji Hassanal Bolkiah, is the...
The Association of South-East Asian Nations (ASEAN) is set to declare itself a common market at the end of 2015, in a move that will create new opportunities for investors in a region that boasts not only some of the world’s fastest-growing economies, but also an expanding middle class. “ASEAN and South-east Asia are one of the few really bright...
Brunei Darussalam, with a population of just 425,000, has taken the chair of the Association of Southeast Asian Nations (ASEAN) in what is likely to be a critical year for the 45-year-old organisation.
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 “...
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...
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