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International Monetary Fund. Statistics Dept.

Brunei Methanol Tanker BSP Brunei Shell Petroleum BST Brunei Shell Tankers CIF Cost, insurance and freight DOS Department of Statistics FDI Foreign direct investment Fob Free on board GLCs Government linked companies HES Household Expenditure Survey IIP International Investment Position IMF International Monetary Fund IMTS International Merchandise Trade Statistics JPES Department of Economic Planning and Statistics LNG Liquid Natural Gas MOFE Ministry of Finance and

International Monetary Fund

’s investment income as revenues and began recording its foreign transactions separately from the exchange records. Another extra-budgetary fund is the Government Trust Fund, which finances loans on favorable terms to government employees. 25 Public enterprises 72. Since 1985 the government has held a 50 percent share in Brunei Shell Petroleum Company Limited (BSP) and Brunei Shell Marketing 26 . In 1973, the government first bought a 25 percent share in BSP, which was established in 1957 as a fully owned subsidiary of the Royal Dutch/Shell group. Brunei Shell

International Monetary Fund
This paper describes economic developments in Brunei Darussalam during 1997–98. In 1997, the economy grew by 4 percent led by strong construction and services activities, while average inflation declined to less than 2 percent. Current expenditures were contained, and a recovery in capital expenditures was financed by larger transfers from the Brunei Investment Agency. In 1998, the Brunei economy was adversely affected by the large decline in world price of crude oil, the collapse of a large domestic private company, and the impact of the Asian crisis.
International Monetary Fund. Statistics Dept.
An External Sector Statistics (ESS) technical assistance (TA) mission was conducted remotely to Brunei Darussalam, during July 26–29, 2020, aimed at improving the quality of ESS, in line with the authorities’ request. This is the most recent TA mission on ESS to Brunei Darussalam following a previous one that took place more than 16 years ago by the IMF’s Statistics Department.
International Monetary Fund. Asia and Pacific Dept

. DARe Digitalization eKadaiBrunei Is an online directory portal that provides links to e-commerce platform and logistics service providers. AITI DARe Links Is a B2B platform to facilitate business linkages between clients and local businesses including MSMEs. DARe Joint Funding for Digital Adoption Assists MSMEs in adapting digital technology with funding up to 70 percent of the cost of digital solutions. AITI 1 (BSP) Brunei Shell Petroleum, (MCYS) Ministry of Culture, Youth and Sports, (MPRT) Ministry of Primary

International Monetary Fund
This report describes economic developments in Brunei Darussalam during the 1990s. During 1994–95, domestic demand picked up strongly mainly owing to the rise in government expenditure. As the government accelerated the implementation of key projects in the Sixth National Development Plan, large community-oriented projects were also implemented. The increase in investment spending and associated consumption boom resulted in a sharp growth in imports and a significant rise in inflation. In the meantime, broad money continued to expand rapidly as substantial funds were brought into the banking system from abroad to finance major development projects.
International Monetary Fund

majority state-owned enterprises in Brunei Darussalam, 6 but since 1985 the Government has held a SO percent share in Brunei Shell Petroleum Company Limited (BSP) and Brunei Shell Marketing. In 1973, the Government first bought a 25 percent share in BSP, which was established in 1957 as a fully owned subsidiary of the Royal Dutch/Shell group. Brunei Shell Marketing was established in 1974 to sell oil and gas products domestically. The Government eventually also raised to 50 percent its initial 10 percent share in three other companies—Brunei LNG, Brunei Coldgas, and

International Monetary Fund. Asia and Pacific Dept
After successfully weathering the pandemic in 2020, Brunei was hit by new waves of COVID-19, with case numbers going up significantly and new lockdown measures imposed in H2 2021. Reduced activities in mining and LNG manufacturing, combined with the negative impact of new pandemic variants on domestic services, led to a slowdown in the economy. Real GDP contracted by 1.6 percent in 2021. For 2022, growth is projected to rebound to 1.2 percent, on the back of easing of mobility constraints and a positive terms of trade shock due to surges in O&G prices. Inflation, while remaining relatively low at 2.2 percent at end 2021, has increased in 2022 and pressures are expected to remain elevated in the short term, owing to supply disruptions and higher food and fuel prices. The economy continues to diversify, with double-digit growth of the food/agriculture sector and a new fertilizer sector commencing production. The risks to the outlook are tilted to the downside, due to potential new COVID-19 variants, increased global uncertainty associated with an escalation of the war in Ukraine, monetary tightening from the US and a larger-than-expected growth slowdown in China. On the upside, higher energy prices would further improve the terms of trade and restore fiscal positions in the short term, while partially contributing to build the buffers needed to ensure stronger intergenerational equity. Strong policy actions are needed to boost medium-term growth and foster resilience.