On smart cities, start-up funding and intellectual property How do you assess the framework in place to facilitate the continuation of the ASEAN Smart Cities Network (ASCN) during 2019? CHAN CHUNSIN: The ASCN was one of Singapore’s key deliverables for our ASEAN Chairmanship in 2018. It is a collaborative platform that enables cities from ASEAN member states to work towards the common goal…
One of the two specialised industrial zones currently being run by Darussalam Enterprises, the country’s latest business support service, is the Brunei Bio-Innovation Corridor (BIC). The $300m BIC seeks to raise the Sultanate’s profile in the fast-expanding global halal industry. Figures from Thomson Reuters suggest that this market has a potential value of $2.3trn, breaking down into $1.37trn…
With the recent descent of oil and gas prices on international markets, the role and future direction of the Sultanate’s industrial sector has never been of greater importance to Brunei Darussalam’s economy. Indeed, diversification away from a long-standing economic dependency on hydrocarbons is greatly contingent on the sector taking a larger share of the country’s GDP. This necessary shift…
With the recent descent of oil and gas prices on international markets, the role and future direction of the Sultanate’s industrial sector has never been of greater importance to Brunei Darussalam’s economy. Indeed, diversification away from hydrocarbons production is greatly contingent on industry taking a larger share of the country’s GDP. This necessary shift towards more knowledge-based,…
Despite economic and legal changes now under way, Brunei Darussalam remains well positioned to continue on its current trajectory of steady economic growth and political stability. The increasing focus on economic diversification, and the ongoing growth of the non-energy sectors, bodes well for the Bruneian economy, as does further exploration and improved efficiency in the oil and gas industry. F
This event aims to encourage greater trading activities between countries and provide excellentopportunities for all local or international exhibitors to reach their target segment, and increase theirproductivity and market share. There will be an expected high turnover of visitors from both local and foreign business,entrepreneurs, investors and the general public. There will be around 250 exhibitors…
With an expanding value-added processing industry and growing international interest, Brunei Darussalam’s halal sector has the potential to become a cornerstone of the Sultanate’s diversification efforts. Thanks to the country’s long-standing focus on cultivating a strong international reputation for halal quality, investor appetite is growing for Brunei’s halal goods, ranging from traditional…
While constrained by a relatively small labour pool and limited domestic resources, Brunei Darussalam’s industrial sector is nevertheless seeking to carve out a significant niche for itself in the country’s growing economy. In order to achieve a larger role for the sector going forward, the Sultanate is focusing on some of its key strengths, such as its young and well-educated workforce, developed…
When a widespread shortage of basic foodstuffs occurred worldwide in early 2007 and 2008, global commodity prices for wheat, rice, corn and soybean roughly tripled within a matter of months. The results of these price spikes rippled around the world and led to social unrest, ranging from the hijacking of dozens of truckloads of UN humanitarian grain shipments in Africa to armed guards protecting rice…
Taking advantage of Brunei Darussalam’s core competencies, including its international reputation and an observant Islamic culture with strict adherence to halal standards, the country is looking to serve the growing global demand for sharia-compliant products by expanding its own stable of halal offerings. Derived from the Arabic word meaning permissible, halal is a term widely used to designate…