According to a Workforce Survey conducted by the Department of Economic Planning and Development, the country’s unemployment rate rose from 6.9 percent in 2014 to 9.3 percent in 2017. Meanwhile, the Gross Domestic Product, GDP from the non-oil and gas sector is still very low contributing only 42 percent of the total GDP in 2017. The Minister of Energy, Manpower and Industry shared the matter during a meeting of the Ministry of Energy (energy and Manpower) and Industry and Members of the Legislative Council yesterday afternoon.
Yang Berhormat Dato Seri Setia Doctor Awang Haji Mat Suny bin Haji Mohd Hussein hoped all sectors would play a role in contributing to generate job opportunities because every year, about six thousand and five hundred new jobseekers would enter the labour market.
Yang Berhormat also shared that the ministry is in the process of preparing 5 years forward planning and focusing on regulating and managing the country’s hydrocarbon wealth to make it more effective and organised. The plan will also maximise the value of the energy sector and the development of the downstream energy sector and other industrial sectors in a sustainable way to reduce effects on national revenue caused by falling oil prices.
Yang Berhormat Pengiran Haji Ali bin Pengiran Maon, Member of the Legislative Council as the head of the Members of the Legislative Council delegation in his return address also shared the findings of the visit including more knowledge and understanding of the mission, vision and objectives of the Ministry.
Source: Radio Television Brunei