• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Chapter | Country Profile from The Report: Brunei Darussalam 2013

Lodged between the Malaysian states of Sabah and Sarawak, Brunei Darussalam is located on the north-west coast of Borneo, in the South China Sea. The Sultanate has a young population, with around 54% of Bruneians under the age of 30. The country also has one of the highest per capita GDPs in the region, hitting just over $48,000. This ranks Brunei Darussalam second only to Singapore within the 10...

As ASEAN chair in 2013, Brunei Darussalam has a regional agenda to push forward alongside its domestic plans for the year. Chief among its local priorities is developing alternative resources streams in its economy, which has long been driven by its oil and natural gas revenues. 

After years of slow growth in foreign direct investment (FDI) following the global financial crisis, the Philippines is now showing high potential for a return to 2007 FDI levels. The country still lags behind some of ASEAN neighbours in overall investment per capita levels, although strong economic growth and new anti-corruption measures, combined with a recent credit rating upgrade from Fitch Ratings, have improved the Philippines’ reputation.
While the latest assessment of Nigeria’s economy carried out by the IMF maintains a robust forecast for annual growth in 2013, it also highlights the challenges the country faces, led by a struggle to balance a stubborn inflation rate with a reduction in unsustainable subsidies.
Inflation in Indonesia picked up in the early months of 2013, as rising prices have constrained the Bank of Indonesia’s (BI’s) ability to loosen monetary policy to encourage GDP growth, with possible further rate rises to come. However, the robust economy is unlikely to suffer much as a result, particularly if other pro-growth measures are taken.

Much of the Eastern Region’s history was founded on the variety of its attractions, which range from sandy beaches to desert oases. Now authorities are keen to create niche tourism projects that help preserve the natural environment while sustaining local communities through low-impact tourist inflow. Emulating the success of other sustainable...

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