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Borneo Bulletin Article

Published on 21st July 2023

The Brunei Darussalam Central Bank (BDCB) reports that the IMF projects slower global growth in 2023. Brunei's domestic economy contracted in 2022 but is expected to improve this year due to foreign direct investments. However, risks remain due to potential slowing global demand and fluctuations in oil and gas producti...

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The Brunei Darussalam Central Bank (BDCB) reports that the IMF projects slower global growth in 2023. Brunei's domestic economy contracted in 2022 but is expected to improve this year due to foreign direct investments. However, risks remain due to potential slowing global demand and fluctuations in oil and gas production. BDCB forecasts inflation between 1-2% for Brunei in 2023. The financial sector remains resilient with a strong Capital Adequacy Ratio, while the banking sector's profitability is trending upwards. The BDCB has also implemented measures to enhance regulation in the capital markets and virtual assets.

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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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