Consumers are set to benefit from significant changes in Brunei Darussalam’s telecoms market due to moves by the sector regulator to eliminate mobile termination and incoming call charges, amongst other measures.
Brunei Darussalam
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Plans to revive a stalled renewable energy deal between Brunei Darussalam and neighbouring Sarawak that would see hydropower exported from the Malaysian state to the Sultanate have thrown a focus on its efforts to increase renewable energy sources.
A string of major international trade agreements, due to be implemented in 2015, promise to strengthen and diversify Brunei Darussalam’s exports as it ramps up efforts to reduce its dependency on crude oil sales in the wake of plummeting prices.
Plans to stimulate Brunei Darussalam's ICT industry have been stepped up with the launch of a new broadband policy and the opening of a software development academy as the Sultanate works towards diversifying its economy away from oil exports through the creation of a knowledge-based economy.
Articles & Analysis | Competition is intense as takaful firms gain on conventional insurers 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 impacted the profitability of mandatory automotive and workers’ compensation insurance, while the government’s local business development policies as well as strong support for...
Articles & Analysis | The creation of a new industry organisation is expected to help resolve long-standing issues from The Report: Brunei Darussalam 2014
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...