Economic Setting:

Brunei

Reported by:

Pearl Blossom O. Jagonio

(BSEd 3-B, Group 2)

Economic Setting:

Brunei

• The economy of Brunei isoverwhelmingly dependent onthe production of petroleum andnatural gas. Oil fields were firstdiscovered in 1929 at Seria, inwestern Brunei, but productionhas since expanded to offshorefields.

Economic Setting:

Brunei

Crude oil output in 2004 was 62million barrels. The BruneiInvestment Agency (BIA) isresponsible for investingpetroleum and natural gasprofits and represents anotherimportant source of national

Economic Setting:

Brunei

revenue. Of minor importance tothe economy is the production oftextiles and rubber. Localproduction of fish and rice doesnot meet national needs.Exploitation of the country’sforest reserves is increasing.

Economic Setting:

Brunei

The country has 1,150 km (715mi) of roads, mostly along thecoast. Rivers form the principalnetwork of transportation intothe interior. The chief ports areBandar Seri Begawan, KualaBelait, and Muara. Royal Brunei

Economic Setting:

Brunei

Airlines, the state-owned carrier,provides service to a number ofinternational destinations.

Economic Setting:

Brunei

Brunei’s unit of currency is theBrunei dollar (1.60 Brunei dollarsequal U.S.$1; 2006 average). Thegross domestic product (GDP) of$30,269.70 per capita in 2006was among the world’s highest,although much of this wealth is

Economic Setting:

Brunei

concentrated in relatively fewhands.

Economic Setting:

Brunei

Source:

Microsoft ® Encarta ® 2009. © 1993-2008 Microsoft

Corporation. All rights reserved.

Economic Setting:

Brunei

Terima Kasih!!!

Economic Setting

as we

Understanding

Economic Community

for

establish an

Republic of the Philippines

CAPIZ STATE UNIVERSITY

Dumarao Satellite College, Dumarao, Capiz

Theme: “Understanding Better the Political, Economic & Socio-Cultural

Settings of Southeast Asian Nations forPeace, Prosperity & People”

May 25, 2015 (8:00-11:30 am)

Campus Library