The launch of the Brunei Insurance and Takaful Association (BITA) in November 2013 was a major event for the insurance industry and a highly anticipated one since plans for its formation were agreed upon in 2011. Bringing for the first time conventional and takaful insurers under one group, BITA is expected to unify the industry, especially in its relations with...
Brunei Darussalam Economy
Displaying 37 - 42 of 104
Articles & Analysis | The creation of a new industry organisation is expected to help resolve long-standing issues from The Report: Brunei Darussalam 2014
Although the business environment for insurers is challenging, Brunei Darussalam’s small insurance industry continues to expand gradually. Increasingly high court awards to accident victims have affected the profitability of mandatory automotive and workers’ compensation lines, while the government’s local business development policies and support for sharia-compliant insurers are squeezing...
Interviews & Viewpoints | OBG talks to Secretary Luwalhati R Antonino, Chair, Mindanao Development Authority (MinDA) from The Report: Brunei Darussalam 2014
What types of economic partnerships would be most conducive to the joint growth of Brunei Darussalam and Mindanao?
Articles & Analysis | Sub-regional alliance to enhance trade and build better linkages from The Report: Brunei Darussalam 2014
While trade liberalisation through ASEAN will open up opportunities for Brunei Darussalam, the Sultanate may have a larger immediate impact within the smaller sub-region of Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA). Established in 1994 to address the socioeconomic progress of less developed, marginalised and far-flung areas and...
Articles & Analysis | Enhancing connectivity among ASEAN member states from The Report: Brunei Darussalam 2014
Much of the procedural elements of Brunei Darussalam’s regional integration are intended to tear down any remaining trade barriers in order to facilitate greater trade between member countries. But in order to take full advantage of these new opportunities, a network of seamless interconnectivity between these markets must be established in terms of communications,...
Articles & Analysis | Regional integration and multilateral agreements to benefit the nation from The Report: Brunei Darussalam 2014
With the sum total of nearly every national economy now irrevocably intertwined in a global marketplace, cooperation between different countries has become an imperative component of modern economics. Although countless trade barriers still exist in some form or another all around the world, longheld isolationist and protectionist measures which erect trade barriers at...