Economy

Greece’s Civil Aviation Authority (CAA) on Friday added five countries to the list of countries whose citizens are exempted from entry restrictions to Greece, Trend reports citing Greek City Times. CAA’s current entry-ban notam was also extended to Thursday July 8. Permanent residents of the European Union and the Schengen area are exempted from this notam, as … Read more

Brunei’s Chairmanship of ASEAN in 2021 as an excellent opportunity to strengthen and deepen Canada relationships with the ASEAN region. Canada appreciated that Brunei has declared as a key economic deliverable of its chairmanship. The Canadian High Commissioner to Brunei Darussalam during the Canada Day. The event was held yesterday morning at a hotel in … Read more

The Consumer Price Index or CPI in April 2021 increased by 1.1% year-on-year compared to April 2020. The CPI increase was largely attributed to increases in the prices and costs of Transport, Communication and Food and Non-Alcoholic Beverages. However, this was moderated by the decrease in prices and costs of Clothing and Footwear; Furnishings, Household … Read more

Payment, registration and withdrawal counters at the Employees Trust Fund, TAP will be closed on Wednesday, 30th of June 2021 due to bank half year closing.   In its press release, TAP stated that general inquiries, registration, withdrawal, TAP online service, e-Amanah, e-Amanah pitstop, e-info Kiosk and TAP Call Centre will be operating as usual. … Read more

Decommissioning and Restoration, D&R activities will generate business opportunities and indirectly will create more job opportunities which will boost Brunei Darussalam’s socio-economy. In keeping up with the momentum of the theme ‘Energy Transition: Towards a Sustainable Future’, D&R activities hold a strong commitment in reversing the impact of environmental degradation as a result of offshore … Read more

Through the digital platform, it will help streamline the process of monitoring the growth and quality of carbon sinks in Brunei Darussalam. This was introduced during the ‘Market Engagement’ session for Provision of a Carbon Footprint Tracking Application and Tree Planting and Maintenance Services project. The session which was held yesterday morning at the International … Read more

  Brunei’s inflation has been low and stable, averaging around 1.2 percent over the past 40 years, Hajah Noorrafidah, Deputy Managing Director (Monetary Operations/Development and International) of the country’s Autoriti Monetari Brunei Darussalam (AMBD) said, Trend reports citing Xinhua. According to local daily the Borneo Bulletin on Thursday, the Deputy Managing Director delivered a speech during the central … Read more

Universiti Teknologi Brunei in partnership with Brunei LNG Sdn Bhd yesterday morning organised a forum on Driving the Innovation Ecosystem. The forum was held in conjunction with the Crown Prince CIPTA Award 2021 and to conclude the CIPTA 2021 Seminar Series. It took place at the International Convention Centre in Berakas.   In attendance was … Read more

Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close.   Source: Radio Television Brunei

Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and the “meme” stock craze.   Source: … Read more

The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. Shares of banks, energy firms and other companies that tend to be sensitive to the economy’s fluctuations have tumbled following the Federal Reserve’s … Read more

Univesiti Teknologi Brunei, UTB with the cooperation of Brunei LNG Sendirian Berhad held the sharing session which was part of the CIPTA 2021 Seminar Series, yesterday morning. With the theme ‘Spreading the Winning Vibes’, the session by the winners of the Crown Prince CIPTA Award 2021 was held at the Main Conference Hall of the … Read more