The increasing focus on economic diversification and the ongoing growth of non-energy sectors bodes well for the economy, as does further exploration and improved efficiency in the oil and gas industry.
- Economy: Driving Diversification – Brunei Darussalam has launched a series of reforms in recent years aimed at accelerating development of non-energy sectors, including high-tech, agricultural and manufacturing industries.
- Energy: Production Upgrades – Although output from Brunei Darussalam’s mature fields has been in decline for a decade, there have been a number of positive developments in recent years that will support long-term expansion.
- Banking: Prioritising Solvency – Brunei Darussalam’s small but solid banking sector has high levels of liquidity, good capital adequacy ratios and well-managed levels of non-performing loans.
- Investment: Targeting Regional Inflows – As a founding member of the Trans-Pacific Partnership and an integral part of ASEAN, Brunei Darussalam is looking to boost regional investment through a raft of legal and regulatory reforms.
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