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Interview

Dermot Mannion, Former Deputy Chairman, Royal Brunei Airlines (RB): Interview
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Interview:Dermot Mannion To what extent can Brunei Darussalam be a competitive air transport hub in South-east Asia? DERMOT MANNION: Geographically Brunei Darussalam is well positioned as a potential gateway to both ASEAN countries and northern Asia. Additionally, the finalisation of the refurbishment of Brunei International Airport (BWN) is an important element to take into consideration.…
Interview

Bobby Chua, Vice-Chairman, Swee: Interview
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Interview: Bobby Chua To what extent has connectivity improved in recent years, and what can be done to further upgrade Brunei Darussalam’s transport network? BOBBY CHUA: In recent years, the government of Brunei Darussalam has been working aggressively to improve the country’s connectivity, which can be seen through its commitment to oversee major infrastructural projects such as the expansion…
Interview

Dato Ali Apong, Minister of Primary Resources and Tourism: Interview
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Interview:Dato Ali Apong How do you see the primary resources and tourism sectors playing a major role in the development and growth of the country’s economy? DATO ALI APONG: The Ministry of Primary Resources and Tourism (MPRT) is committed to ensuring that the primary resources and tourism sectors or industries become significant contributors to the development and growth of the country’s…
Interview

Mario Hardy, CEO, Pacific Asia Travel Association (PATA): Interview
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Interview:Mario Hardy How can new and “off the beaten track” destinations in ASEAN countries be further promoted? MARIO HARDY: One of the primary topics that PATA is addressing is the disproportional growth of tourism. We have been advocating for the dispersal of tourists or a better distribution of tourists in the region, if you will. In certain destinations, such as Angkor Wat in Cambodia,…
Viewpoint

Andrew Robb, the Australian Government’s Special Envoy for Trade, on the impact of regional trade deals: Viewpoint
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The economic fortunes of Australia and Brunei Darussalam are both heavily dependent on the goods and services we export and on our ability to attract foreign investment to develop and expand our productive sectors. Greater trade and investment flows are fundamental to creating jobs for our people and ensuring our nations’ prosperity. Our shared commitment to global trade liberalisation is reflected…
Viewpoint

Shazali Sulaiman, Partner, KPMG Brunei Darussalam; and Chairman, Brunei Darussalam International Chambers of Commerce and Industry, on attracting foreign investment: Viewpoint
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As an economy that is dependent on its energy sector, the ongoing global crisis, which has seen oil prices drop significantly, has had a major impact on Brunei Darussalam’s economy. The Sultanate’s dependency on this sector has resulted in the government taking serious steps to look at economic diversification. In 2015 the government critically analysed the World Bank report on the ease of doing…
Viewpoint

Colin Ong, Managing Partner, Dr Colin Ong Legal Services; and President, Arbitration Association Brunei Darussalam (AABD), on recent legal developments: Viewpoints
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Brunei Darussalam is a place of tranquillity and stability, and it has maintained its peaceful and prosperous position due to the wise rule of His Majesty Sultan Hassanal Bolkiah. Several new pieces of legislation were implemented in 2015 to improve the legal framework and encourage more economic development. This is in line with Brunei’s national strategy, Wawasan (National Vision) 2035, which…
Analysis

Brunei Darussalam rises in the World Bank's 2016 ease of doing business ranking through reforms

Posted OBG AdminPosted in Uncategorized

After a sharp slide on the World Bank’s ease of doing business index in the “Doing Business 2015” report, Brunei Darussalam launched a host of new reforms aimed at making the country’s investment climate more attractive and competitive. New businesses in low-risk sectors are now able to receive a licence and begin operations in a tenth of the time, while ongoing efforts to bolster foreign direct…
Analysis

Lower oil revenues drive public sector reforms and diversification drive in Brunei Darussalam

Posted OBG AdminPosted in Uncategorized

Government revenues have declined significantly in Brunei Darussalam as a result of the global oil market slowdown, leading authorities to float a number of new policies aimed at rationalising spending. The 2016/17 budget reflects these challenges, with funding cut at nearly every department and a strong emphasis on improving efficiency and productivity. Moves to increase foreign investment and support…
Analysis

Trans-Pacific Partnership trade agreement to underpin Brunei Darussalam's diversification efforts

Posted OBG AdminPosted in Uncategorized

As a founding member of the vast Trans-Pacific Partnership (TPP), the Sultanate is poised to welcome a host of economic benefits as a result of its membership. After a historic signing ceremony in October 2015, the next phase of the pact’s development will see each signatory seek domestic ratification prior to official enactment. Although policymakers will continue to negotiate over several TPP provisions…