Sep 18, 2024, 10:06:45 AM
Retail sectors in Brunei continue to suffer decline: Drop 6.1% on Q2 2024
https://www.reddit.com/r/nasikatok/comments/1fjp6w1/retail_sectors_in_brunei_con...↳
9
Where’s the joker that Insist Brunei custom should tax private citizen from importing electronics and etc ! Now custom during weeks days is so strict checking for cig and vape. Spoiled everyone soup !
Shootshitout
13
Ohh gee.. I wish we have a scary disease around so that we can close the border...
Lem0n_Lem0n
8
Yup business is slow last and this month
xclotx
5
I think Brunei Govt needs to impose more rules and regulations. more red tapes please. need to ensure the private sectors die altogether so we all can just go cross border to shop.
Brunei Govt has been adamant to ensure more and more rules could be imposed. they all having meetings after meetings on how to come out with new rules and regulations. they need to tell the world how POWERFUL they are
WasteTreacle5879
4
This makes me worried because I am planning to quit my job soon and open my own business.
Remarkable-Way-6153
2
Of course slow. Miri now having promotion during the long weekend everything going down miri to do grocery shopping while enjoying their day by singing karaoke, shoppings, eating, buying their clothes and others.
Blakz111V2
2
^(1 hour ago)
Retail sales in Brunei Darussalam saw a notable decline in the second quarter of 2024, with a 6.1 per cent drop compared to the same period last year. Sales revenue fell from BND446.1 million in Q2 2023 to BND418.9 million in Q2 2024. This decrease reflects a broader contraction in domestic demand, with retail activity declining by 5.9 percent in volume terms, according to a press release from the Department of Economic Planning and Statistics (DEPS) on Wednesday.
The reduction in sales revenue was primarily driven by significant drops in various retail sectors. Furniture and household equipment sales plummeted by 19.0 per cent, while sales of electrical household appliances and lighting equipment in specialised stores decreased by 9.3 per cent. Additionally, supermarkets and department stores experienced declines of 6.9 per cent and 6.0 per cent, respectively.
Comparatively, Q2 2024 also showed a decrease in retail sales value and volume from the first quarter of the same year. Retail sales value dropped by 6.4 per cent, attributed largely to a 23.0 per cent decline in furniture and household equipment sales. Electrical household appliances and lighting equipment saw a 13.9 per cent reduction, while sales in hardware, paints, and glass stores fell by 11.3 per cent. Supermarkets and department stores also saw decreases of 5.7 per cent and 4.5 per cent, respectively.
In the food and beverage sector, sales revenue decreased by 1.0 per cent from BND111.5 million in Q2 2023 to BND110.4 million in Q2 2024. This sector also experienced a 1.6 per cent decline in activity volume, indicating reduced domestic demand. Notably, fast-food outlets saw a revenue drop of 3.2 per cent, other food service activities decreased by 3.1 per cent, and restaurant sales fell by 1.5 per cent.
However, there was a positive shift in the food and beverage sector compared to Q1 2024. Sales value increased by 1.3 percent in Q2 2024, driven by a 6.3 percent rise in revenue from beverage-serving activities, a 3.1 percent increase in fast-food outlets, and a 1.8 percent growth in restaurant sales.
The Retail Sales Index (RSI) and Food & Beverages Services Index (F&BSI) serve as preliminary indicators of economic performance and consumer spending trends in Brunei Darussalam. More detailed reports are on the DEPS website.
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shud ban muslims from cross border since there is pork, clubs and alcohol next to the border 🤪
Informal-Rate-4870
Free trade is workings ! Good job mofa
Shootshitout
-2
Others are checking this out too! ⤵︎
I found the information below and here's a summary
Did you know that Brunei's retail sector saw a whopping 6.1% decline in Q2 2024? It's like a rollercoaster ride, but instead of thrills, it's just more empty shelves! Meanwhile, furniture sales nosedived by 19%. Ouch! Let's hope they bounce back soon!
Others are checking this out too! ⤵︎