Analysis

Bruneian energy players stand to benefit from cooperation with other regional players
OBG
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With an established reputation as an honest broker and investor in long-term strategic opportunities within South-east Asia, Brunei Darussalam has made a name for itself as a regional player. ASEAN itself has emerged as a major centre for activities in the upstream and downstream segments, with the Philippines, Myanmar, Malaysia and Thailand standing out as the most compelling cases. The Philippines Hopes…

Analysis

Improved technologies are providing new ways to produce hydrocarbon resources
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Like all traditional oil and gas producers, Brunei Darussalam is running an uphill race against time. The giant fields that have been the country’s mainstay since the 1970s or earlier are in decline, and the remaining undeveloped resources are increasingly difficult to reach. They are deeper and in smaller, more scattered reservoirs. In order to stay ahead, the Sultanate must ensure that conditions…

Analysis

With major investments in a new refinery, downstream prospects are multiplying
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The country has long had big ambitions for the downstream segment of its energy sector, and 2014 was the year when they finally began to take shape. The $10bn oil processing and petrochemicals complex planned by China’s Zhejiang Hengyi in Brunei Darussalam passed a crucial milestone in February 2014 when Hengyi and the Bruneian government formed a joint venture, Hengyi Industries. The deal gave Hengyi…

Analysis

The government is focused on encouraging more efficient use of power supplies
OBG
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As an export-oriented energy producer and a high-income country with a humid climate, Brunei Darussalam has one of the world’s highest rates of energy consumption per capita. According to the International Energy Agency (IEA), annual per capita consumption stood at 9.44 tonnes of oil equivalent in 2011, the sixth-highest amount in the world and about five times the global average. However, most of…

Analysis

Banks are increasing their lending to a number of sectors
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The recent acceleration of bank lending to domestic businesses, albeit from a low base, shows the increasing seriousness of the government’s drive to speed growth outside of the dominant oil and gas sector. Driven by government-linked banks, the upturn has helped buoy domestic demand despite the decline in energy exports. The banks most responsible for driving the growth are Bank Islam Brunei Darussalam…

Analysis

The recent launch of 4G services and a new fibre-to-the-home initiative are set to provide better access to higher-speed internet
OBG
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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 flows, a number of factors…

Analysis

New investments and applications should help improve the efficiency of e-government services
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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 tape and create efficiencies that…

Analysis

Linking historical sea routes from past to present
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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, including shards of vases and coins…

Analysis

Development plans are taking shape
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Greater investment and a faster pace of new project launches should see Brunei Darussalam’s transport and logistics reinforced over the next few years, building on recent improvements to the Sultanate’s infrastructure. A series of reports earlier this decade identified deficiencies in Brunei Darussalam’s transport and logistics infrastructure chain that were seen as holding back economic development…

Analysis

New transport projects are set to boost connectivity
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Taking advantage of the rewards reaped from a sustained period of high oil prices, Brunei Darussalam has embarked on several large-scale infrastructure projects that are designed to serve as the foundation of a stronger, more diverse economy. Many of the largest investments are in the ground transport system, which will play a crucial role in the industrial and tourism sectors by improving efficiency…