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'We need to intensify diversification efforts' » Borneo Bulletin Online

April 4, 2021
Azlan Othman
“Brunei Darussalam’s economy is still heavily reliant on oil and gas and the positive growth of non-oil and gas sector is not sufficient to drive the economy and thus we need to continue intensify our diversification efforts.”
This was said by Permanent Secretary (Economy) at the Ministry of Finance and Economy Dr Hajah May Fa’ezah binti Haji Ahmad Ariffin at the very first Brunei Economic Forum with the theme, ‘Towards a dynamic and sustainable economy’ held at Senate Room, Universiti Brunei Darussalam (UBD) yesterday.
She added, “I hope today’s forum will give impetus for innovative and practical ideas that can be turned into quality action. Personally, Brunei’s micro economy with unique characteristics may not be able to prescribe a normal textbook solution. Nevertheless, I believe that we don’t have to reinvent the wheel. They are many policy lessons that we can adopt and learn, and most importantly we have somethi ....

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Work together to resolve economic issues, says Brunei economic minister

BANDAR SERI BEGAWAN, March 5 (Borneo Bulletin/ANN): The pressing issues surrounding the country’s dependence on oil and gas, as well as the need for diversification and to increase export in non-oil and gas products, must be addressed by the current generation.
As such, the Ministry of Finance and Economy has adopted aggressive strategies to bring about positive changes to the country’s economy. How fast the issues can be resolved depends on how all parties work together as one nation.
This was stated by Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew Abdullah ( ....

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