Brunei Leans on Chinese Foreign Investments for Economic Diversification

Speaking at an economic forum hosted by the Chinese Enterprise Association of Brunei, Haji Mohd Amin Liew, Brunei's Minister at the Prime Minister's Office and Second Minister of Finance and Economy, stated that Brunei is taking additional efforts to attract foreign investments, in order to diversify its economic exposure.

Liew noted that as an oil-producing country, Brunei is exposed to global oil price fluctuations and has hence been looking at ways to diversify its economy. Over the years, Brunei has turned to China for foreign investments to support its economy, through which Brunei’s economy has witnessed a turnaround in the recent past.

Liew stated that Brunei has seen t...