Business » National

Thursday, 23 July 2015

Global oil prices seen to hit US$57/bbl this year: WB

2015-07-23 GLOBAL crude prices are seen to increase later this year but will remain well below the level of 2014, the World Bank said in its recent report. The Washington-based lender is nudging up its 2015 forecast for crude oil prices from US$53 in April...

Wednesday, 22 July 2015

Training programme benefits energy sector

2015-07-22 THE Energy Industry Competency Framework (EICF), Brunei’s initiative to develop locals for job-readiness in the oil and gas industry, continues to demonstrate success. Minister of Energy at the Prime Minister’s Office, Yang Berhormat Pehin Datu...

‘Startups need to go through validation’

2015-07-22 STARTUPS need to ensure that they go through a process of validating their products to test their marketability. According to Zafrul Noordin, ASEAN partner for Lean Startup Machine (LSM) and CEO of startup training company CodeAr.My, products can...

New policies aim to reduce household debt, promote ethical lending

2015-07-22 THE country’s policies on financial regulation have to be reformed to reduce household debt and promote ethical lending practices. The Autoriti Monetari Brunei Darussalam (AMBD) said in its policy statement that changes in financial regulation...

Raya festivities keep hoteliers busy

2015-07-22 LOCAL hotels continue to thrive after the fasting month thanks to increased bookings for Hari Raya functions. According to Darren Tan, manager of the Ba’diah Hotel Brunei, the Raya season is a busy month for them as the hotel has banquet halls...

Brunei to continue producing more oil & gas: minister

2015-07-22 THE government will continue to strive to produce more oil and gas and explore new areas despite low oil prices. The Minister of Energy at the Prime Minister’s Office, Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Hj...

Tuesday, 21 July 2015

‘Many prefer online Raya shopping’

2015-07-21 STEEP competition has forced online fashion stores to keep their products constantly updated and their prices reasonable, benefitting consumers. Due to this, many Bruneians are now turning to social media to acquire their Hari Raya outfits....

Local stock exchange conducive for business environment

2015-07-21 ANOTHER channel for funding will be available for companies in the country with the establishment of the local stock exchange in the future, the country’s central bank said. In its bi-annual policy statement for the first half of 2015, Autoriti...

ESCA eyes Brunei’s industrial cleaning market

2015-07-21 ESCA Marine and Engineering is targeting a bigger share of Brunei's industrial cleaning market, having sent a few employees overseas for confined space training. The locally owned and managed company, first established in 2012, is a new entrant...

High demand for coconut-based derivatives to drive prices up

2015-07-21 THE price of coconuts is expected to shoot upwards as the demand for coconut-based derivatives increase alongside traditional uses, according to a local expert. Dr Amzah Hj Abdul Rahman, farm manager of Imbru Essential Oils, a local company that...

Saturday, 18 July 2015

Raya brings blooming business to florists

2015-07-18 THE Hari Raya celebrations are keeping florists busy as orders have been pouring in for the past few days. Florists and plant sellers interviewed by The Brunei Times said demand for flowers and potted plants usually peak during this time as...

Fabrication yard offers opportunities to local businesses

2015-07-18 THE Petroleum Brunei (PB) Services Fabrication Yard in Muara is expected to encourage more local businesses and workforce to be involved in the oil and gas industry. The yard’s first project, a 1,172 tonne steel jacket for an offshore drilling...

Young professionals keen to invest in stocks

2015-07-18 YOUNG professionals are becoming increasingly aware of investing in the stock market as online literature on investment and national awareness on savings culture take hold, officials from a newly opened local investment firm said. In an interview...

Number of jobless people declines in May

2015-07-18 UNEMPLOYMENT numbers have dropped in May when compared to April, according to the Department of Economic Planning and Development (JPKE). For May 2015, the number of unemployed locals, including permanent residents, aged 18 to 59 had decreased...

Friday, 17 July 2015

Brunei, Luxembourg sign pact on taxation

2015-07-17 AN AGREEMENT to avoid double taxation and prevent tax evasion has been signed between Brunei and Luxembourg last Tuesday in Brussels, the Ministry of Finance (MoF) said yesterday. The MoF said this is in line with Brunei’s commitment to implement...

‘Bookkeeping helps in managing business’

2015-07-17 PROPER bookkeeping and accounting processes will allow companies to manage their businesses better by having transparent records of its finances, an ICT consulting and services company said yesterday. BAG Networks Sdn Bhd said that businesses can...

AMBD closes on Saturday

2015-07-17 THE central bank will close during the public holidays as the country ushers in the festive season during the month of Syawal, it said in a statement yesterday. The Autoriti Monetari Brunei Darussalam (AMBD) said that the currency gallery and...

Fabrication of Total’s third offshore platform completed

2015-07-17 THE third and latest platform of the Maharaja Lela Jamalulalam (MLJ3) gas field operated by French energy firm Total E&P Borneo recently reached another milestone, with its fabrication completed and the structure loaded onto its transport barge...

Thursday, 16 July 2015

BKSS co-op aims to meet sales targets

2015-07-16 LOCAL cooperative Koperasi Berkat Kerjakaras Semua Sanang (BKSS) is confident that it can meet the sales targets for Malaysia diapers brand SoftieDry by using various distribution channels to help the product sell better. BKSS Chairman Hj Md...

Landscaping firm to set up plant nursery in Temburong

2015-07-16 A LOCAL landscaping firm is planning to set up a 30-hectare nursery of ornamental and decorative plants, trees and grass in Temburong by the end of the year.According to Pg Hj Hashim PSR Pg Hj Jaya, director of TNC Landscaping Sdn Bhd, the company...

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