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Interview

OBG talks to HRH Prince Mohamed Bolkiah, Minister of Foreign Affairs and Trade
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Interview:HRH Prince Mohamed Bolkiah In what ways do bilateral cooperation and international partnerships contribute to Brunei Darussalam’s economic development? PRINCE MOHAMED BOLKIAH: Our economic development is naturally shaped by our membership in ASEAN and by the cooperation we have developed with our fellow members. The Sultanate’s goals for economic diversification, which form a…
Interview

OBG talks to His Majesty Sultan Haji Hassanal Bolkiah, the Sultan and Yang Di-Pertuan of Brunei Darussalam
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Interview:His Majesty Sultan Haji Hassanal Bolkiah How will the Energy White Paper help Brunei Darussalam open the next chapter on this key sector? HIS MAJESTY SULTAN HAJI HASSANAL BOLKIAH: Wawasan Brunei 2035, also known as Brunei Vision 2035, seeks to see Brunei Darussalam recognised everywhere for the accomplishments of its well-educated and highly skilled people, the quality of life, and…
Interview

OBG talks to Dato Ali Apong, Deputy Minister, Prime Minister’s Office, and Chairman, Brunei Economic Development Board (BEDB)
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Interview:Dato Ali Apong What are the priority areas for attracting foreign direct investment (FDI) to Brunei Darussalam? DATO ALI APONG: In terms of attracting FDI, Brunei Darussalam has continuously prioritised sectors other than oil and gas, especially in the key clusters of food, pharmaceuticals and cosmetics, renewable energy, data centres, and disaster recovery centres. Building on the…
Interview

OBG talks to Pehin Dato Abd Rahman Ibrahim, Minister of Finance II at the Prime Minister’s Office
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Interview:Pehin Dato Abd Rahman Ibrahim How would you summarise the major objectives of the national budget for the fiscal year 2014/15? PEHIN DATO ABD RAHMAN IBRAHIM: The year’s national budget of $5.22bn was formulated based on the theme “Generating Economic Growth, Creating Employment Opportunities”. Greater emphasis is being placed on generating stronger and more sustainable economic…
Interview

OBG talks to Le Luong Minh, Secretary-General, ASEAN
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Interview:Le Luong Minh What are the challenges facing ASEAN member nations in preparing for the ASEAN Economic Community (AEC) in 2015? LE LUONG MINH: In the lead up to AEC 2015, it is important to complete the regional integration agenda as set out in the AEC Blueprint. Member states need to overcome implementation bottlenecks in AEC measures, namely delays in the ratification of signed ASEAN…
Interview

OBG talks to Pierre Imhof, CEO, Baiduri Bank
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Interview:Pierre Imhof Given the restrictions on personal lending and the banking sector’s high level of liquidity, what areas would contribute to the growth of Bruneianbanks? PIERRE IMHOF: We expect banks to remain structurally very liquid. The authorities have made great efforts to encourage business enterprises to approach domestic banks to get financing locally. This would certainly…
Interview

OBG talks to Javed Ahmad, Managing Director, Bank Islam Brunei Darussalam (BIBD)
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Interview:Javed Ahmad In what ways have local banks responded to tighter credit conditions, and to what extent has there been a shift in focus in terms of lending? JAVED AHMAD: The new regulations have been effective at limiting the amount of personal financing that can be provided, establishing a fixed-rate pricing framework and setting a minimum deposit rate for investors. To a large extent,…
Interview

OBG talks to Dermot Mannion, Deputy Chairman, Royal Brunei Airlines (RB)
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Interview:Dermot Mannion What will the recent fleet overhaul mean for the strategic positioning of RB moving forward? DERMOT MANNION: One of the key elements of RB’s fleet overhaul – which includes the addition of five Boeing 787 Dreamliners, the replacement of our Airbus fleet with seven new Airbus A320neos and an option for three additional units by 2018 – is the retention of a significant…
Viewpoint

Xi Jinping, President of China, on the Asia-Pacific’s ties with China
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The Chinese economy has remained consistently strong as we focus on reforms and liberalisation, and we are confident of maintaining this momentum going forward. China and the Asia-Pacific share a symbiotic relationship. Both parties rely on one another for new job prospects and economic growth. We hope to establish more links with the Asia-Pacific in order to build a better and more prosperous future. The…
Viewpoint

Haji Yahkup, CEO, Authority for Info-Communications Technology Industry (AITI), on converging technologies
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With the ever-increasing convergence of telecommunications, broadcasting and media, the information and communications technology (ICT) sector has arrived at an exciting crossroads. New technologies such as cloud computing, next-generation broadband networks, smart devices, the “Internet of Things”, social media, augmented reality and mobile applications are rapidly fuelling this era of transition.…