News Archives | Page 5 of 8

Brunei needs to expand its economy base, says Ho

14th May 2015, WITH the unpredictable fluctuations of oil and gas prices globally, Brunei needs to expand its economy base to acquiring at least 25 to 30 per cent of oil and gas independent industries.

Brunei should focus on high-end tourism

May 14, 2015
News
ASEAN | Brunei | high-end tourism | Tourism

BRUNEI should market itself as a high-end tourism destination as the sector has the potential to help the Sultanate diversify its economy. “It should not be mass tourism, it should rather be high-end tourism. The sort of thing where you get high-spending tourists,”said Rajiv Biswas, chief economist at the US-based research firm IHS Inc.

Brunei can excel in halal pharma sector

May 14, 2015
News
Bio-Industry | Brunei | Halal Pharma | IFBIC 2015

THE halal pharmaceuticals industry is one of the key industries that can be developed in the Sultanate. According to Dr Mohammed Issa, CEO of the US-based Noor Pharmaceuticals, Brunei already has a head start in this sector.

BEBD as a ‘One-Stop’ agency to facilitate, support foreign investments

WITH the launching of the International Food and Biotech Investment Conference yesterday, several working papers and discussions were delivered in the conference which was held at the Indera Samudra Grand Hall of The Empire Hotel & Country Club.

Petrochem, tourism, education to steer Brunei’s diversification plan

THE development of petrochemical industry in Brunei will significantly help economic diversification process in the country, a renowned economist said. Plans to develop export of petrochemical products will gradually help the Sultanate reduce the share of oil and gas in the total exports over medium term, Rajiv Biswas, Chief Asian Economist for IHS Economics, said.

Muara Port has potential to become international hub

WITH the right development, Muara Port has potential to become a regional and international hub, which in turn could help lift Brunei’s economic stature within Asean.

Small economies can flourish: Nobel Laureate

May 13, 2015
News
Brunei Darussalam | Economic | IFBIC 2015 | News | Nobel

SMALL economies can flourish, even with diminished resource reserves, provided they have invested much of their resource income and developed good infrastructure. This was said by Nobel Laureate speaker Sir James A Mirrlees while delivering a keynote speech at the opening ceremony of the International Food and Biotech Investment Conference yesterday.

MIPR inks documents with global enterprises

FIVE documents were signed between the Government of Brunei Darussalam and five international parties yesterday, including a Memorandum of Understanding (MoU), a Heads of Terms agreement and three Letters of Intent, during the opening ceremony of the International Food and Biotech Investment Conference.

Launch of International Food and Biotech Investment Conference

The need for diversifying the economy and multiplying several types of products for export purposes is becoming more important.

BioInnovation Corridor should be promoted among Chinese investors

BRUNEI needs to actively market and promote the BioInnovation Corridor (BIC) in China if it wants to attract more investors. According to Xu Ning Ning, executive president of the China-ASEAN Business Council, the BIC has a lot of potential and can attract Chinese investors.