Brunei’s Private Sector Drives Growth Despite Challenges: Deputy Minister of Finance and Economy

Brunei’s Deputy Minister of Finance and Economy, Dr Abdul Manaf stated that the private sector is the main source of the country’s economic growth, whilst its public sector enables a favourable ecosystem, which facilitates investments in the private sector. This was discussed at the appointment ceremony of the Brunei Darussalam BIMP-EAGA Business Council (BD-BEBC) on the 9th of March 2021.

Why it matters?

Established over 27 years ago, the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA ) was set up to facilitate more tourism, trade and investment into Brunei, based on the abundance of natural resources present in the country. Despite continuous challenges and setbacks faced by the BIMP-EAGA (including  the finan...