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 ample energy resources, Brunei Darussalam is working to build a stronger industrial base using its access to cheap power and petroleum products. Downstream industries have already seen significant successes, and efforts are also being made in unrelated sectors, including in the agro-industrial sector, and specifically halal products, where the...
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...
With an area of just over 5000 sq km – and most of that occupied by remote jungle – Brunei’s land transportation system is quite compact. The country has just 3127 km of road, and only 2575 km of that is paved, according to statistics from the Ministry of Development. However, car-based development has completely dominated in Brunei up to this point...
Life insurance has struggled to take root in Brunei Darussalam. However, with only three life insurers, American International Assurance (AIA), Great Eastern Life Insurance and Tokio Marine Life Singapore, as well as sharia-compliant coverage by Takaful Brunei Keluarga covering less than 20% of the population, there should be significant room for...
Though abroad it might be best known for its substantial hydrocarbons reserves, at home Brunei Darussalam’s authorities are also turning their attention to renewable energy sources and efficiency drives in a bid to “green” the economic growth. Conscious of its regional environmental commitments, the Sultanate is likely to witness substantial...
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