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Borneo Bulletin Article

Published on 29th February 2024

Brunei's Ministry of Finance and Economy projects a growth rate of 3.3-4% for the Sultanate in 2023, driven by increased oil and gas production and economic diversification efforts. Foreign agencies like IMF, AMRO, and ADB also share a positive outlook. Despite external inflationary pressures, Brunei has managed to ke...

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Brunei's Ministry of Finance and Economy projects a growth rate of 3.3-4% for the Sultanate in 2023, driven by increased oil and gas production and economic diversification efforts. Foreign agencies like IMF, AMRO, and ADB also share a positive outlook. Despite external inflationary pressures, Brunei has managed to keep national inflation low at 0.4%. The government is actively working on import substitution, exemplified by the launch of Brunei's first locally produced cooking oil.

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Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

Borneo Bulletin

📍Brunei Press Sdn Bhd

Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

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