A cabinet reshuffle in Brunei Darussalam has sharpened the country’s focus on tourism against a backdrop of sluggish industry growth and falling visitor numbers.
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Onshore developments, including aquaculture and processing facilities, could help Brunei Darussalam unlock the potential of its burgeoning fisheries industry.
An upgrade to its fleet of tankers could help Brunei Darussalam’s liquefied natural gas (LNG) sector weather external headwinds, which appear unlikely to ease in the near to medium term.
Foreign direct investment (FDI) and trade in Brunei Darussalam are expected to increase under the recently agreed Trans-Pacific Partnership (TPP) deal, dovetailing with the Sultanate’s efforts to diversify its economy.
A transportation overhaul is under way in Brunei Darussalam, with the government planning initiatives ranging from bus rapid transit (BRT) to road tolls to encourage the use of public transport and improve overall connectivity.
The drive to improve the business environment for Brunei Darussalam’s fledgling entrepreneurs is gathering pace, with technological and structural innovation playing a major role in efforts to streamline the start-up ecosystem.