Business » National

Saturday, 27 September 2014

Taiwan’s trade value with Brunei to hit $318 million by year end

2014-09-27 TAIWAN is projecting its trade value with Brunei to hit US$250 million (approximately $318 million) by the end of this year, an expected 200 per cent increase from the trade figure in 2013, a representative of the Taipei Economic and Cultural...

AMDB issues 110th sukuk worth $100 million

2014-09-27 THE Autoriti Monetari Brunei Darussalam (AMBD) yesterday announced the successful pricing of its 110th issuance of sukuk, or Islamic bonds, worth $100 million at a rental rate of 0.22 per cent. The latest issuance was made on September 18, 2013,...

ASEAN member states urged to make progress in CPL draft

2014-09-27 ASEAN member states must make progress in the drafting of the Competition Policy and Law (CPL) in time for the regional economic integration by the end of 2015, said a host of a workshop held for the members of the ASEAN Experts Group on...

TCY Motors records sales increase of SUVs

2014-09-27 TCY Motors Sdn Bhd, the sole distributor of Audi in Brunei, has recorded an increasing number of its luxury vehicles sold worldwide due to overwhelming global demand.“Last year there were over 150 units sold for our Audi cars and this year we hope...

Friday, 26 September 2014

Package insurance with investments products to entice more customers, insurance firms urged

2014-09-26 INSURANCE packages that are tied to investments can entice more young professionals in the middle-income group to take up insurance, a financial expert said.Maria Piedad Geron, an expert consultant on inclusive insurance, said that the variable...

Airbus to increase freighter, passenger fleet to 37,500 by 2033

2014-09-26 GLOBAL aircraft manufacturer, Airbus, will be increasing their freighter and passenger fleet to 37,500 aircraft by 2033 to meet increasing passenger traffic, the company said in a statement yesterday. The company is planning to add nearly 19,000...

Construction firm introduces cost effective wall panels

2014-09-26 INTERLINE Sdn Bhd, a local construction company for roofing and trusses, introduced the usage of environmentally-friendly and cost effective interior house wall panels as part of its product diversification. In an interview with The Brunei Times,...

BIBD: More young Bruneian professionals investing in properties

2014-09-26 MORE and more young Bruneian professionals are now investing in local properties, a trend that is now becoming a norm for the past two to three years, the Bank Islam Brunei Darussalam (BIBD) said yesterday. In an interview, BIBD product manager...

ADB: Implementing accords, the real challenge of AEC

2014-09-26   THE real challenge of the ASEAN economic community (AEC) is in implementing its accords if the single economic community is realised at the end of 2015, said the Asian Development Bank (ADB). In an update of its annual economic publication,...

Thursday, 25 September 2014

Muara container terminal extension ready by 2016

2014-09-25 THE Muara container terminal extension project is expected to be completed before the end of 2016, the Minister of Communications said yesterday. YB Pehin Orang Kaya Hamzah Pahlawan Dato Seri Setia Hj Abdullah Begawan Mudim Dato Paduka Hj Bakar...

MV EVER APEX maiden voyage to boost exports

2014-09-25 THE maiden voyage of a global carrier vessel to the Muara port signals increased opportunities for Brunei in terms of export and attracting foreign investments, senior officials said yesterday. Jack Wu, president of Evergreen Marine Corp (M) Sdn...

New condo project to provide more local employment

2014-09-25 THE development of edWOOD Hill Condominum is expected to create more jobs for Bruneians. Edward Tan, owner of edWOOD Developer, didn’t say how many jobs will be offered to locals but noted the company is looking to hire building janitors and...

Tata eyes bigger local market share

2014-09-25 INDIAN car manufacturer Tata Motors Limited is confident that it can get a bigger share of Brunei’s car market, noting that its brands can compete with Japanese and Korean cars.“We are confident in our cars as our prices are competitive and more...

Tata eyes automatic segment of Brunei car market

2014-09-25 TATA Motors Limited, India’s largest automobile company, is keen to export its automated manual transmission (AMT) passenger vehicles to Brunei. At present, Tata Motors, which re-entered the Brunei market this month, is only selling cars with...

Wednesday, 24 September 2014

Bruneian tourists to Malaysia seen up 13% this year

2014-09-24 TOURISM Malaysia forecasts the number of Bruneian tourists to Malaysia will increase by 13 per cent in 2014 as Malaysian shopping centres continue to attract visitors from the Sultanate. In an interview with The Brunei Times, Zurina Abd Samad,...

Islamic financial industry can leverage on growing halal sector

2014-09-24 THE Islamic financial industry can sustain its growth by leveraging on the global halal business. “The idea is to grow alongside the halal industry and also to expand the Islamic finance business to do more apart from just consumer financing,”...

Investors told to diversify portfolio

2014-09-24 GOLD investors are advised to diversify their investment portfolio as global prices continue to fall amid concerns over higher US interest rates and strengthening of the greenback. “Gold should never be just the only investment anyone has,” Javed...

New global food commitments to boost Brunei consumer confidence

2014-09-24 THE enhanced global commitments led by the International Food and Beverage Alliance (IFBA) will raise consumer confidence in food and nutrition in the Sultanate, said Brunei’s chairman for the ASEAN Food and Beverage Alliance (AFBA). IFBA members...

Abacus weekend fair offers travel deals

2014-09-24 LOCAL marketing firm Abacus Distribution Systems (Brunei) Sdn Bhd is organising a two-day fair that will offer a wide range of travel deals to local consumers. According to Abd Halim Hj Abd Rahman, Abacus Brunei’s sales and marketing manager, the...

‘Promote value of having insurance’

2014-09-24 REGULATORS need to improve financial literacy rate in order to extend inclusive insurance to the country’s middle-income group,an expert said yesterday. Maria Piedad Geron, an expert consultant on inclusive insurance, said that Brunei’s regulators...

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