Business » National

Wednesday, 25 March 2015

‘Entrepreneurs need to know problems they intend to solve’

2015-03-25 ENTREPRENEURS must communicate the problems that they intend to solve in order to capture the attention of potential investors, a communications coach said yesterday. Peter Browne, a presentation skills coach from the Singapore-based Intangible...

Tough market for local visual artists

2015-03-25 DESPITE growing interest in the arts, most local artists and gallery owners are still struggling to thrive in a tough market. While holding of art exhibits and having their paintings displayed in galleries help in marketing their artwork, visual...

Brunei CPI forecast to decline 0.2% this year

2015-03-25 THE consumer price index (CPI) for Brunei is forecast to decline by 0.2 per cent in 2015, the Asian Development Bank (ADB) said in its latest economic outlook for the region. In its flagship report released yesterday, the ADB said this year’s CPI...

Brunei GDP seen to contract at 1.5% in 2015

2015-03-25 BRUNEI’S GDP is seen to contract by 1.5 per cent this year on back of falling oil production and prices, the Asian Development Bank (ADB) said yesterday. “Declining hydrocarbon production has weighed on this (Brunei) economy, GDP has contracted...

Tuesday, 24 March 2015

TAP pays over $20 million in dividends

2015-03-24 ABOUT $26.8 million in dividends have been paid out to over 253,000 accounts of those under the Employees Trust Fund (TAP) and Supplemental Contributory Pension (SCP) scheme, TAP said in a statement yesterday. The press release said the TAP board...

Car sales slowed in Jan and Feb

2015-03-24 CAR sales have slowed down since the turn of the year, dropping by 6.2 per cent in January, and a further 14.3 per cent last month. According to a report released by the Brunei Automotive Trade Association (BATA), sales in January slumped to 1,411...

Gov’t eyes private sector to redevelop CBD area

2015-03-24 THE government is inviting the private sector to redevelop the Central Business District (CBD) in order to attract more investors, the Minister of Home Affairs said yesterday. Yang Berhormat Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Hj Awg...

Brunei mobile, Internet rates one of the world’s most expensive

2015-03-24 BRUNEI’s telecommunications services is among the most expensive in the world, ranking 129th out of 148 economies in terms of affordability. The latest Global Information Technology Report released by the World Economic Forum (WEF) also ranked the...

Lower financing rates for SMEs proposed

2015-03-24 A MEMBER of the 11th Legislative Council (LegCo) Meeting yesterday proposed that interest rates on bank financing for small and medium enterprises (SMEs) be reduced to two per cent. Speaking at the parliamentary session which ended yesterday, Yang...

Monday, 23 March 2015

Setting the wheels of innovation into motion

2015-03-23 WHILST innovation and creativity are the two buzzwords, that’s being mentioned and talked about in conferences ,seminars and workshops over and over again, as to design a future roadmap to creating powerful innovations that deliver success in the...

Local animation studio sees success with first mobile app

2015-03-23 A LOCAL animation studio has proven that Bruneians can produce high-quality content and compete in the international market. TrueVector Designs - the company behind mobile app HandMeDownTeddy - debuted the children’s app last year at the ASEAN...

Budgeting the right way to keep on top of your financial game

2015-03-23 BUDGETING is something we tell ourselves we should do, but the truth is that it largely requires commitment and discipline to practice the term ‘budget’. Those that may say that they have a budget 'worked out in their head' are probably not...

Prime time to invest in ASEAN properties: Auric Jaya Realtors

2015-03-23 AURIC Jaya Realtors are making moves to become a go-to company for investors to help manage overseas properties in ASEAN. “We want to be a proper property management company. What we want to do is to provide services beyond selling for commission...

Australia’s Greenfields milk enjoys rising popularity

2015-03-23 AUSTRALIAN dairy brand, Greenfields, sees rising popularity in Brunei, its local distributor Ying Bee Company said. According tohe distributor’s Sales Supervisor Lim Chun Hoe, the response from the establishments they have supplied to have been...

ASEAN finance ministers vow to bolster economy

2015-03-23 THE inaugural ASEAN Finance Ministers’ and Central Bank Governors’ meeting (AFMGM) reaffirmed the commitment to strengthen the region’s economic enviroment despite challenges on the global front. The three-day meeting which ended in Kuala Lumpur...

Saturday, 21 March 2015

Giving stock options will help startups retain staff

2015-03-21 STARTUP companies that offer stock options have a higher chance of retaining their staff and growing their business. Bryan Tan, partner at the Singapore-based law firm Pinsent Masons MPillay, said companies that give stock options are benefitting...

S&P sees credit growth at 3-6 per cent

2015-03-21 BRUNEI’s credit growth is expected to hit between three and six percent in the “next couple of years”, mostly supported by lending to small and medim enterprises (SMEs). Global rating firm Standard and Poor’s (S&P) said in its recent report on...

Contract administration needed to avoid disputes

2015-03-21 GOOD contract administration is vital to avoid disputes when it comes to construction projects, an industry expert said yesterday. “There is an example of a project where there were 38 claims (of problems in a project), but because of good...

Friday, 20 March 2015

Brunei’s banking system to remain stable: S&P

2015-03-20 BRUNEI’s banking industry will remain stable amid economic risks posed by falling global oil prices, according to global rating firm Standard and Poor’s (S&P). S&P Bank Credit Analyst Amit Pandey said that while falling oil prices have...

Public-Private Partnership scheme eyed to manage airport

2015-03-20 THE Ministry of Communications (MinComm) is eyeing to commercialise the management of the Brunei International Airport through a public-private partnership (PPP) scheme. This plan is the reason why the MinComm didn’t request for a higher budget...

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