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ADB forecast on Brunei's economic growth unchanged

BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Asia Development Bank’s (ADB) forecast for Brunei Darussalam’s economic growth remains unchanged in the latest Asian Development Outlook Supplement (ADO), July 2021 report published recently. ....

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Brunei GDP to grow 2.5 per cent this year, 3 per cent in 2022

BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Brunei Darussalam’s economy is expected to strengthen in 2021 and 2022 on an improving external environment with a gross domestic product (GDP) growth of 2.5 per cent this year and three per cent next year, according to the Asia Development Bank (ADB) flagship economic publication, Asian Development Outlook (ADO) 2021, released recently.
Growth in 2021 will be supported by a recovery in global demand and higher oil and gas prices, which will boost government revenue and support government consumption. Private consumption is expected to grow as the economy continues to strengthen.
The GDP is forecast to rise in 2021 and 2022, supported by robust export growth from the Hengyi plant and higher oil and gas prices. But increased imports due to the plant’s expansion and continued demand for inputs will temper the trade and the current surpluses in both years. ....

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Brunei GDP to grow 2.5pc this year, 3pc in 2022 | Borneo Bulletin Online

May 3, 2021
Azlan Othman
Brunei Darussalam’s economy is expected to strengthen in 2021 and 2022 on an improving external environment with a gross domestic product (GDP) growth of 2.5 per cent this year and three per cent next year, according to the Asia Development Bank (ADB) flagship economic publication, Asian Development Outlook (ADO) 2021, released recently.
Growth in 2021 will be supported by a recovery in global demand and higher oil and gas prices, which will boost government revenue and support government consumption. Private consumption is expected to grow as the economy continues to strengthen.
The GDP is forecast to rise in 2021 and 2022, supported by robust export growth from the Hengyi plant and higher oil and gas prices. But increased imports due to the plant’s expansion and continued demand for inputs will temper the trade and the current surpluses in both years. ....

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Ministry of Energy eyes holistic development of energy sector » Borneo Bulletin Online

Ministry of Energy eyes holistic development of energy sector » Borneo Bulletin Online
borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.

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Ministry outlines key energy developments » Borneo Bulletin Online

February 11, 2021

In a bid to increase production of the country’s downstream sector, Brunei Fertilizer Industries (BFI) will start operations in the third quarter of this year, with a production capacity of 3,900 metric tonnes per day of urea. Meanwhile, the growth of the Spin-Off sector in the energy industry is expected to contribute to the solution in addressing the issue of unemployment among the 6,000 local graduates that exist each year. More details in Friday’s Borneo Bulletin.
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