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BANDAR SERI BEGAWAN , 2013-04-25 (Xinhua) -- ASEAN is on target to achieving its integration goal by 2015 with 77 % of work completed , would intensify engagement with members to improve economic synergies, Brunei's leader said here on Thursday. Noting that the integration process of the Association of Southeast Asian Nations (ASEAN) to become a European Union -like community in...
Economic structure: Quarterly indicators 2010 2011 2012 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr Output GDP at constant 2000 prices (Br$ m) 2,910 3,256 3,043 2,834 2,983 3,298 3,043 2,834 % change, year on year 3.0 -1.9 0.7 1.0 2.5 1.3 0.7 1.0 Prices ...
Event Brunei has reported real GDP growth of 0.7 % year on year in the Q1 of 2012, a slower pace of growth compared with the Q4 of 2011, when the economy expanded by 1.3 %. Analysis The latest data indicate that Brunei's oil , gas output, which bottomed out in October 2011 , is continuing to recover, in line with still high global prices. Year-on-year growth ra...
WASHINGTON , July 16 -- The International Monetary Fund issued the following news release: On 2012-05-14 , the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Brunei Darussalam.1 BACKGROUND Brunei's economy is dominated by the petroleum Market. Energy production, which accounts for 2-thirds of nominal GDP , 92 % of ...
Bandar Seri Begawan (The Brunei Times /ANN) - Brunei will continue to import rice from abroad as a way to ensure sufficient security reserves, the Market , primary resources minister said yesterday. Yang Berhormat Pehin Orang Kaya Seri Utama Dato Seri Setia Hj Yahya Begawan Mudim Dato Paduka Hj Bakar met with Thailand's foreign minister Surapong Tovichakcahikul on Wednesday as part ...
Bandar Seri Begawan (The Brunei Times /ANN) - Bruneian goods imported by the United States in 2011 saw an increase of 97.2 per cent at USUS Dollars 23 million ( US Dollars 29.9 million ) whilst goods exported from the US to the Sultanate saw a 48.4 per cent increase at USUS Dollars 184 million ( US Dollars 239.2 million ), as reported by the latest figures released by the Office of the United States Trade Representative (USTR...
Bandar Seri Begawan (The Brunei Times /ANN) - Brunei offers the least attractive prospects amongst Asean regions for companies in the area to make offshore direct investments over the next 3 years, as reported by a survey. Asean overall has "good prospects" for attracting investments in the next few years, but only 0.3 per cent of the respondents in the 2011-2012 Asean Business Adv...
Bandar Seri Begawan (The Brunei Times /ANN) - More than 250 people have been duped by 2 fraudulent job recruiters who issued them fake letters of employment of "daily wage workers" at the Municipal Department of Brunei . The matter came to light when a Facebook page called Brunei FM posted the fake offer letter yesterday. The job aspirants who had been made to believe they were to repo...
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