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Andrew Tsang

Published on 16th January 2022

Brunei Darussalam, heavily reliant on its oil and gas sector, faces the urgent need for economic diversification as oil reserves may be depleted in 27 years. Despite progress in diversifying its economy, Brunei lags behind other resource-rich nations like the UAE and Malaysia. Recent findings by the ASEAN+3 Macroeconom...

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Did you know that despite being rich in oil, Brunei's economy is like a superhero in disguise? It's trying to diversify faster than a speeding bullet! With a strategic plan in place and cool ventures like Hengyi Industries popping up, Brunei is set to transform its economy beyond just oil in the next few decades. Exciting times ahead!