Business » National

Tuesday, 19 May 2015

Singapore offers good start for BIBD regional expansion

2015-05-19 SINGAPORE’s reputation as an established financial hub in the region has encouraged Bank Islam Brunei Darussalam (BIBD) to choose the city-state as the best destination for its overseas expansion. BIBD Chief Operating Officer Gyorgy Ladics said...

More jobseekers in Brunei-Muara in March

2015-05-19 MORE jobseekers are being reported in the Brunei-Muara as Belait and Temburong unemployment numbers fall over a five month period. According to the latest data issued by the Department of Economic Planning and Development (JPKE), the number of...

‘We want to encourage good financial management’

2015-05-19 THE Autoriti Monetari Brunei Darussalam (AMBD) will be launching the National Savings Day at the end of the month to educate the public on prudent financial management. The event is one of the programmes arranged for the upcoming AMBD Day which...

TelBru network more resilient

2015-05-19 TELEKOM Brunei’s (TelBru) network is now more resilient due to extensive maintenance and upgrade works over the course of three years since its “transformation” programme, but more is left to be done. TelBru’s Chief Executive Officer David Kay...

Monday, 18 May 2015

‘SMEs need to manage their growth before going abroad’

2015-05-18 AS ASEAN looks set to liberalise financial services across the region, financial institutions and banks will play a major role in facilitating freer flow of capital and services. Malaysia’s Maybank, which has been operating in the Sultanate for...

Giving a new twist to an old restaurant

2015-05-18 WHEN this writer commented that Tien Hsing Vegetarian Restaurant reminded her of an Australian café, restaurant manager Daphne Chong replied that one of their clients, an expat, made the same observation. The 13-year-old eatery in Menglait might...

Responsibility, accountability key to good money management

2015-05-18 CAN the principles of good corporate governance practices used by successful businesses and companies help better manage personal finances? Recently, there has been much talk about corporate governance and how good practices improve the...

‘Take higher risks to get higher returns’

2015-05-18 INVESTORS must be flexible and consider higher-risk investments if they want higher returns. Average investors in Brunei tend to be more conservative in terms of risk-taking, according to Quan Lim, investment advisor at Standard Chartered Bank...

BIC to get more Chinese investors

2015-05-18 ABOUT 25 per cent or more of companies locating to the BioInnovation Corridor could be from China because of the geographical proximity and the size of the Chinese economy. Gary Ho, managing director of BIC park manager SQW China Limited, expects...

BIBD launches online payment tool for SMEs

2015-05-18 BANK Islam Brunei Darussalam (BIBD), the country’s largest bank, has developed a solution that wil help small and medium enterprises (SMEs) to sell products online. BIBD Chief Operating Officer Dr Gyorgy Ladics said the bank is now providing...

Brunei needs to ramp up oil and gas exploration

2015-05-18 BRUNEI must start ramping up oil and gas exploration works as the country’s current feedstock is anticipated to decline by 2020. Rajiv Biswas, chief economist at the US-based research firm IHS Inc, said both the public and private sectors must...

Saturday, 16 May 2015

TelBru resolves kinks in high speed broadband deployment

2015-05-16 LOCAL telecommunications company Telekom Brunei’s (TelBru) rollout of its high speed broadband is now in full swing, with many earlier problems ironed out and deployment is now operating “like clockwork”. TelBru Chief Executive Officer David Kay...

AEC can help Brunei diversify economy

2015-05-16 THE establishment of the ASEAN Economic Community (AEC) can help Brunei develop its non-hydrocarbon sectors, reducing the local economy’s dependence on the oil and gas industry. The AEC will liberalise trade and services in the ASEAN region and...

Eco-resort eyes more tourists and revenues

2015-05-16 BINTUDOH Greenspring Resort is eyeing a $140,000 annual revenue as its new facilities are expected to bring in more tourists. Bintudoh’s co-owner Newas Ukoi said their community-based tourism packages can attract over 3,000 visitors this year....

Friday, 15 May 2015

AMBD issues $100 million Islamic bonds

2015-05-15 THE Authoriti Monetari Brunei Darussalam (AMBD) has issued a $100 million sukuk (Islamic bonds) at a rental rate of 0.69 per cent. AMBD issued its 118th sukuk yesterday and will mature on November 12, 2015. The sukuk is based on a 182-day tenor...

Shipping association to boost membership

2015-05-15 THE Shipping Association Brunei Darussalam (SABD) has re-elected Bee Seng Shipping Sdn Bhd to head the association for 2015 to 2017. The association, which comprises of companies that have interest in vessel shipping, elects representative...

Good service keeps RB competitive in ASEAN

2015-05-15 FLAG carrier Royal Brunei (RB) is banking on good customer service to stand out in a competitive ASEAN travel market. “My wish is that we will continue to ensure that for every passenger it will continue to be a safe and comfortable experience for...

BioInnovation Corridor attracts investors from China, US, NZ

2015-05-15 BRUNEI’s up and coming BioInnovation Corridor (BIC) is capable of attracting foreign investors and being considered for investment along with other economic corridors in the region, said the Minister of Industry and Primary Resources (MIPR)...

Thursday, 14 May 2015

Brunei can excel in halal pharma sector

2015-05-14 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. “You were the first...

Countries need ‘comparative advantage’

2015-05-14 COUNTRIES are advised to consider comparative advantage when they want to develop a niche industry. Nobel Prize-winning economist Sir James Mirrlees said several countries, for instance, want to specialised in biotechnology. But this is not...

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