Innovative agricultural initiatives launched in Brunei Darussalam, such as developing new rice hybrids and growing plants in water, underline how agro-technology can edge the Sultanate closer to its goal of food self-sufficiency.
Brunei Darussalam
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Vocational training has become a key focus in Brunei Darussalam as it aims to meet the shifting demands of its economy as well as the challenges that economic integration with the rest of ASEAN is expected to bring after 2015.
In the run-up to ASEAN Economic Community integration in 2015, Brunei Darussalam is ramping up transport developments, chasing new opportunities and re-establishing past connections. With the potential for a boost in inter-ASEAN travel, the Sultanate is working to position itself as an intermediary for business and leisure travellers.
Brunei Darussalam has lost ground in its efforts to promote innovation as a cornerstone for future economic and social development, slipping down the ladder of a comparative survey of innovative practices for the second year running, but the sultanate is positioning itself to rebound strongly in the years to come.
Having learned the lessons of the 1997-98 financial crisis, Asia has since enjoyed a period of steady growth driven by consumption, investment and exports. The traditional model of low-cost manufacturing and exports to advanced markets has gradually been replaced with a more consumer-oriented and value-added approach.
Historically fragmented and often overlooked by emerging market investors, South-east Asia has become one of the leading destinations for FDI in recent years. The creation of ASEAN, South-east Asia’s unified economic and trade bloc, has encouraged regional cooperation and better connectivity.