Situated along crucial sea shipping routes on the southern edge of the South China Sea, Brunei Darussalam is well placed to take advantage of growing trade within the region. This geographical advantage and Brunei Darussalam’s membership in ASEAN and inclusion in multi-party trade agreements like the Trans-Pacific Partnership (TPP) are key components in the country’s...
Seafaring has long influenced the growth and trajectory of Brunei Darussalam’s economic, social and cultural development. Trade with neighbouring regional powers like China under the Tang dynasty (618-907 CE) goes back centuries. Remains discovered in archaeological digs as at Limau Manis, Kota Batu and Tanjong Nangka reveal evidence of frequent trade with China,...
One of the most crucial components of Brunei Darussalam’s plan to transform itself into a knowledge-based economy by 2035 is the development of a modern ICT sector, utilising cutting-edge technology and practices to drive domestic growth. The sector has been singled out as a priority in the country’s long-term strategic development plan, Wawasan Brunei 2035, which has...
While developing the private ICT sector into a valuable contributor to the domestic economy, the government has also recognised the importance of integrating modern ICT systems into its own institutions as a means to stimulate the economy as a whole. By streamlining government bureaucracy through the implementation of new technology, the government hopes to slash red...
In order to accommodate the rapid growth in the ICT sector in both the public and private spheres, the capabilities of Brunei Darussalam’s telecoms infrastructure are being bolstered in anticipation of even greater amounts of data traffic in the years to come. While so far the country’s fixed and mobile internet network has been able to accommodate the increasing data...
Islamic finance has had a growing presence in Brunei Darussalam since the early 1990s, with active support from Sultan Hassanal Bolkiah. Today the Islamic banking and takaful (Islamic insurance) segments are transitioning into the dominant forms of banking and insurance in the country, and the Sultanate’s large foreign investments are increasingly...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×