With one of the world’s largest endowments of hydrocarbons relative to the size of its population, Brunei Darussalam has naturally built its economy around the production and export of oil and gas. Energy exports have funded a high general standard of living and substantial outward foreign investment. However, like many of the world’s traditional oil and gas producers,...
One of the most important trends in Brunei Darussalam’s economy is the government’s push to develop small businesses. Although the government has long sought to encourage development of small businesses as part of its efforts to diversify the economy and increase employment opportunities for locals, the effort has intensified in recent years as a demographic bulge of...
While 2014 has held numerous important changes for Brunei Darussalam, the nation has long maintained its unique balance of tradition and modernity. Situated on the South China Sea, the Sultanate shares the island of Borneo with the Malaysian states of Sabah and Sarawak, and the five provinces of Indonesian Kalimantan. As the sole fully sovereign nation on the island of...
With a long and distinguished history, Brunei Darussalam represents stability and continuity in a region subject to rapid change. At the same time, under His Majesty Sultan Hassanal Bolkiah’s guidance, the country has also become an important player in regional politics, a major international energy provider and a significant force in the world of global finance, via its...
The expansion of the global ICT industry over recent decades has made it possible for more nations to access and develop local technology. This, however, has also increased competition for countries that are in the early stages of building an IT sector. The Sultanate’s well-educated population and pervasive use of social networking technologies are...
With market penetration for subscribers stabilising at just below 105% over the past several years and voice revenue stagnant, the Sultanate’s mobile operators are entering a challenging new era that will require innovative solutions. “We are confronting the same challenges that telecoms are facing worldwide: declining voice and SMS revenue,...
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