Case Study Of Brunei Darussalam

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Brunei Darussalam is the third largest oil producer in Southeast Asia, averaging about 20,000 barrels a day. Brunei Shell Petroleum (BSP), a joint venture between Brunei Government and the Royal Dutch or Shell group of companies is the chief oil and gas company in Brunei Darussalam. BSP along with four sister companies are the largest employer in Brunei Darussalam after the Government. Brunei Darussalam is the fourth largest producer of liquefied natural gas in the world processed at the Brunei Shell’s Liquefied Natural Gas (LNG) plant, one of the largest in the world opened in 1972.

With abundant natural resources and a small population, Brunei Darussalam has one of the highest levels of gross domestic product (GDP) per capita in Southeast Asia. However, over the last decade, its GDP per capita growth rate has been the lowest in the region. In order to diversify the economy appropriate measures have been developed such as through the industrialisation programme initiated under the Fifth National Development Plan (1986-1990) under the national long-term development vision, known as Wawasan Brunei 2035 and still remains to the present day. The diversification programme is lead by the Ministry of Industry and Primary Resources whose function include generating conducive administrative environment for the
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It seeks to improve financing, provide assistance in the form of training to local enterprises and micro, small and medium-sized enterprises (SMEs) and to reduce the cost of doing business. The initiatives undertaken by the BEDB and other government ministries and agencies to promote local business development include various grant, subsidy and loan schemes; investment funds; training programmes, and advice and information
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