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.
Brunei Darussalam
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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.
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.
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.