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.