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Topic: Economy of Brunei


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  Brunei - Wikipedia, the free encyclopedia
Brunei consists of two unconnected parts; 97% of the population lives in the larger western part, only about 10,000 live in the mountainous eastern part, the district of Temburong.
Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it became a more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum.
Islam is the official religion of Brunei, and the sultan is the head of the religion in the country.
en.wikipedia.org /wiki/Brunei   (706 words)

  
 Economy of Brunei - Wikipedia, the free encyclopedia
Brunei is the fourth-largest exporter of LNG in the Asia-Pacific region behind Indonesia, Malaysia, and Australia.
Brunei is keen on the development of Small and Medium Enterprises and also is investigating the possibility of establishing a "cyber park" to develop an information technology industry.
Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it has taken steps to become a more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum.
www.wikipedia.org /wiki/Economy_of_Brunei   (1579 words)

  
 Radio Australia - News In Depth - Country Profiles - Brunei
Brunei has one of the highest standards of living in the world, due primarily to its large deposits of oil and gas.
Brunei's economy is heavily dependent on revenue from these oil and gas fields, which accounts for nearly half of the GDP.
Brunei is also working to expand its economic base beyond oil and gas, and the government is funding a number of projects to achieve this aim.
www.abc.net.au /ra/news/countries/BRUNEIDARUSSALAM.htm   (813 words)

  
 British Community Link Brunei Home Page
Brunei enjoys one of the highest standards of living in South East Asia and remains one of the few countries in the world with no personal income tax.
Brunei has a substantial trade surplus, largely because of the value of its oil and natural-gas exports.
The government of Brunei offers sizable tax exemptions on investments in an effort to attract new industry, but the small size of the indigenous work force is a major obstacle to development.
www.geocities.com /bruneibcl/FAQ_7.html   (472 words)

  
 Economy of Brunei   (Site not responding. Last check: 2007-09-11)
Brunei's substantial foreign reserves are managed by the Brunei Investment Agency (BIA), an arm of the Ministry of Finance.BIA's guiding principle is to increase the real value of Brunei's foreign reserves while pursuing a diverse investment strategy,with holdings in the United States, Japan, western Europe, and the Association of South East Asian Nations (ASEAN) countries.
Brunei is keen on the development of Small and Medium Enterprises and also is investigating thepossibility of establishing a "cyber park" to develop an information technology industry.
Brunei's leaders are concerned thatsteadily increased integration in the world economy will undermine internal social cohesion although it has taken steps to becomea more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum.
www.therfcc.org /economy-of-brunei-53872.html   (1520 words)

  
 Brunei Economy
Brunei is the third-largest oil producer in Southeast Asia, averaging about 203,000 barrels a day.
Some 90% of Brunei's LNG produced is sold to Japan under a long-term agreement renewed in 1993.
Brunei has ordered, but not yet taken possession of, three offshore patrol vessels from the U.K. Brunei has a defense agreement with the United Kingdom, under which a British Armed Forces Ghurka battalion (1,500 men) is permanently stationed in Seria, near the center of Brunei's oil industry.
www.traveldocs.com /bn/economy.htm   (1541 words)

  
 Asia Times: New fuel to drive Brunei's economy
Brunei Darussalam, which this year plays host to key meetings of the Asia-Pacific Economic Cooperation (Apec), has completed training 2,000 people for new jobs in the hospitality and tourism industries in preparation of the prestigious events.
The population of Brunei is small, at about 320,000, but the workforce suffers from a shortage of skills and the economy is heavily dependent on the public sector.
As well as diversifying the economy away from oil, Brunei's leaders plan expansion of the private sector, reducing the burden on the state.
www.atimes.com /se-asia/BH19Ae03.html   (385 words)

  
 Economy - Brunei Darussalam - Asia
The economy of Brunei is overwhelmingly dependent on the production of petroleum and natural gas.
Brunei’s unit of currency is the Brunei dollar (1.72 Brunei dollars equal U.S.$1; 2000 average).
Brunei is a member of the Association of Southeast Asian Nations (ASEAN), a regional trade organization.
www.countriesquest.com /asia/brunei_darussalam/economy.htm   (205 words)

  
 Ministry of Finance   (Site not responding. Last check: 2007-09-11)
Prior to formal establishment of the IFC, Brunei was already a busy commercial centre, as witness to the existing active presences in the Banking sector of HSBC, Standard Chartered, Overseas Union Bank, RHB, Maybank, Baiduri Bank, Islamic Bank of Brunei Berhad, Islamic Development Bank of Brunei and The Brunei Islamic Trust Fund.
Brunei will deploy its sovereignty, wealth and human resources in a conservative but assertive manner to establish a jurisdictional environment which will be tax-free, and free from over-regulation or "business pollution".
Brunei is more concerned with attracting a critical mass of good business than a fee-based income stream at a high cost to end-users.
www.bifc.finance.gov.bn   (1833 words)

  
 Indbazaar - GeoFacts :: Economy of Brunei   (Site not responding. Last check: 2007-09-11)
Economy—overview: This small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition.
The government is beginning to show progress on its basic policy of diversifying the economy away from oil and gas.
Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion.
www.indbazaar.com /country/conpage.asp?cat=Economy&id=38   (277 words)

  
 Economy   (Site not responding. Last check: 2007-09-11)
Brunei's proven oil and gas reserves are presently reported to be sufficient to last for at least 25 years at current levels of production, but continuing exploration of oil and natural gas has been meeting further success, with prospects looking good in particular for natural gas.
Brunei's major exports are petroleum, natural gas (as LNG), and POL products (together 88% of total exports), and garments and hides; and major imports electrical equipment, manufactures of metals, automobiles, iron and steel, machinery, building materials, tobacco, fabrics and clothes, and food items (milk products, rice, meat, etc.).
Brunei's economy is also now on the recovery path, alongwith the region.
www.brunet.bn /gov/emb/india/bruecon.html   (630 words)

  
 Brunei Country Analysis Brief
Brunei's small, wealthy economy is based heavily upon proceeds from exports of crude oil and natural gas, with revenues from the hydrocarbons sector accounting for over 33% of gross domestic product (GDP), around 80%-90% of exports, and 75%-90% of government revenues.
Brunei is counting on Blocks J and K to maintain the country's oil and gas output another decade or more, and without these Blocks, Brunei may be forced to move more rapidly away from an economy based on hydrocarbons.
Brunei is the fourth-largest producer of LNG in the world and the third-largest natural gas producer in Southeast Asia.
www.eia.doe.gov /emeu/cabs/brunei.html   (2063 words)

  
 Economy of Brunei -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-09-11)
The (Click link for more info and facts about Asian financial crisis) Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in (A sultanate in northwestern Borneo; became independent of Great Britain in 1984) Brunei's economy.
In the (The decade from 1970 to 1979) 1970s, Brunei invested sharply increasing revenues from petroleum exports and maintained government spending at a low and constant rate.
Other major customers include (A government on the island of Taiwan established in 1949 by Chiang Kai-shek after the conquest of mainland China by the communists led by Mao Zedong) Taiwan (6%), and the countries of ASEAN (27%).
www.absoluteastronomy.com /encyclopedia/e/ec/economy_of_brunei.htm   (1669 words)

  
 GeographyIQ - World Atlas - Asia - Brunei - Economy
Brunei is the third-largest oil producer in Southeast Asia, averaging about 200,000 barrels a day.
Some 88% of Brunei's LNG produced is sold to Japan under a long-term agreement renewed in 1993.
Brunei also fostered tourism through its 'Visit Brunei 2001' campaign, which has been sustained into the current year, which has shown a slight increase in tourist arrival.
www.geographyiq.com /countries/bx/Brunei_economy_summary.htm   (1393 words)

  
 globalEDGE (TM) | country insights - Economy of Brunei   (Site not responding. Last check: 2007-09-11)
Brunei is preparing to tender concessions for deepwater oil and gas exploration.
The agreement calls for Brunei to provide over 5 million tons of LNG per year to three Japanese utilities, namely to TEPCo, Tokyo Electric Power Co. (J.TER or 5001), Tokyo Gas Co. (J.TYG or 9531) and Osaka Gas Co. (J.OSG or 9532).
Brunei statistics show Singapore as the largest point of origin of imports, accounting for 28.5% in 1999.
globaledge.msu.edu /IBRD/CountryEconomy.asp?CountryID=15&RegionID=3   (1378 words)

  
 The economy (from Brunei) --  Encyclopædia Britannica
Brunei's economy is almost totally dependent on the exploitation of its vast reserves of petroleum and natural gas.
Oil and gas revenues have allowed the state to give its citizens one of the highest per capita incomes in Asia, but it also has made the country dependent on a single commodity that is subject to market fluctuations.
In 2002 Brunei recovered somewhat from the adverse international publicity and the multibillion-dollar financial loss that had been brought about by the 1998 collapse of the Amedeo Development Corp. Prince Jeffri Bolkiah, the sultan's youngest brother, had been sued by the state in 2001 for squandering public funds on Amedeo projects.
www.britannica.com /eb/article-52438?tocId=52438   (711 words)

  
 The Government of Brunei Darussalam   (Site not responding. Last check: 2007-09-11)
Brunei Darussalam is still very much dependent on revenues from crude oil and natural gas to finance its development programmes.
Brunei Darussalam is the third largest oil producer in Southeast Asia and it produced 163,000 barrels per day.
From January to June 1998 it exported 134.77 trillion BTU or 88.94 percent to Japan and 16.75 trillion BTU or 11.06 percent to the Republic of Korea.
www.brunei.gov.bn /about_brunei/economy.htm   (1406 words)

  
 Brunei Darussalam: Economy Profile   (Site not responding. Last check: 2007-09-11)
The living conditions in Brunei Darussalam are among the best in the region and investors may find that the high standard of living may make their stay thoroughly enjoyable and most secure.
Brunie Darussalam's economy is dominated by the oil and liquefied natural gas industries and Government expenditure patterns.
It is encouraging to note that the contribution from the non-oil and gas-based sector of the economy, as reflected in the contribution to GDP has continued to increase.
www.actetsme.org /brun/brucountpro.htm   (629 words)

  
 Brunei : Geography, People, Politics, Government, Economy, transport
The Sultanate of Brunei's influence peaked between the 15th and 17th centuries when its control extended over coastal areas of northwest Borneo and the southern Philippines.
Brunei subsequently entered a period of decline brought on by internal strife over royal succession, colonial expansion of European powers, and piracy.
Brunei benefits from extensive petroleum and natural gas fields, the source of one of the highest per capita GDPs in the developing world.
www.studentsoftheworld.info /infopays/wfb.php3?CODEPAYS=BRU&PAYS=Brunei   (948 words)

  
 Economy Of Brunei   (Site not responding. Last check: 2007-09-11)
If you would like to use this flag of Brunei or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Brunei or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this information for Brunei or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/brunei_country_economy.shtml   (455 words)

  
 Brunei Flag, Brunei History, Culture of Brunei, Economy of Brunei, Flag of Brunei
About two-thirds of the population of Brunei is made up of Malay and the remaining one-third consists of Chinese, Indians, and other groups like Dayaks and Belaits.
The flag of Brunei is yellow with two diagonal bands of white (top, almost double width) and fl starting from the upper hoist side.
The economy of the country is mainly governed by the production of petroleum and natural gas.
www.mapsofworld.com /country-profile/brunei1.html   (475 words)

  
 Brunei Economy Brunei, Information Brunei, Visitors Brunei, Business Brunei   (Site not responding. Last check: 2007-09-11)
Brunei is the richest, in terms of GDP per capita, and the smallest Asean member, with an economy based on the extraction of natural gas and oil.
Brunei enjoys a high standard of living, with medical services, education and pensions provided free.
A central issue to Brunei is economic diversification and an increase in foreign investment by US$4.5 billion by 2008.
www.wi-countries.com /cy/2240-265-78   (362 words)

  
 Brazil recognizes China as market economy: Hu
China joined the World Trade Organization in 2001 and has a total of 15 years to move from a transitional economy to a market economy, which is based on supply and demand rather than factors determined by the government.
Under WTO anti-dumping rules, non-market economies` exports are more costly, thus reducing the amount those countries can generally sell.
Among the other countries that recognize China as a market economy are Benin, Brunei, Cambodia, Georgia, Indonesia, Kyrgyzstan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Africa, Thailand, Togo and Vietnam.
www.turkishpress.com /news.asp?ID=33564   (676 words)

  
 Government Procurement Resources - Brunei Darussalam - Asia-Pacific Economic Cooperation   (Site not responding. Last check: 2007-09-11)
GPEG has developed general information about efforts to liberalise government procurement by APEC's 21 Member Economies, as well as specific information about the current government procurement policies, procedures, trade opportunities, and key people to contact in each economy.
All government purchases in Brunei Darussalam must comply with the Financial Regulations of 1983, which require equity, integrity and efficiency in the tendering process.
Possible remedies granted could be advice on tendering procedures or the banning of a tendering company that violated rules of procedure from further competition for a specific period.
www.apecsec.org.sg /content/apec/apec_groups/committees/committee_on_trade/government_procurement/resources/brunei_darussalam.html   (445 words)

  
 Malaysia/Brunei Economy News - Media Monitoring Service by EIN News   (Site not responding. Last check: 2007-09-11)
Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.
Graft deters investment, and in the global economy, economists say, being perceived as corrupt is...
Malaysia/Brunei Haji Hassanal Bolkiah (Sultan of Brunei) News
www.einnews.com /malaysia/newsfeed-MalaysiaEconomy   (1087 words)

  
 Brunei Geography - Sarawak Center   (Site not responding. Last check: 2007-09-11)
BRUNEI GEOGRAPHY BRUNEI INFO Brunei at a glance Geography History Population Who's Who Mission Overseas Chambers of Commerce...
Location of Brunei Brunei at a glance Geography History Population Who's Who Mission Overseas Chambers of...
Brunei is in Southeastern Asia, bordering the South China Sea and Malaysia.
www.drownafish.com /brunei-geography.html   (367 words)

  
 Royal Brunei Airlines - Economy Class Comfort   (Site not responding. Last check: 2007-09-11)
Economy Class in the retrofitted B767 aircraft offer seats with a 32-inch pitch, adjustable footrests and "winglet" headrests for improved neck comfort.
The 8.4 inch personal TV provides on-going entertainment including audio and video on-demand choices.
All Royal Brunei passengers enjoy the same caring service from our ASEAN flight attendants, along with skillfully prepared meals and a wide range of inflight entertainment options to choose from.
www.bruneiair.com /services/economy_class.asp   (89 words)

  
 washingtonpost.com: Brunei
Muslim children outside Omar Ali Saifuddin mosque play at the waterside against a thick backdrop of haze caused by smoke from nearby wildfires in 1997.
Brunei's government encouraged people to wear masks as protection.
A description of the history, government, politics and economy of Brunei.
www.washingtonpost.com /wp-dyn/world/asia/southeastasia/brunei   (172 words)

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