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Brunei Darussalam

  • Capital city :Bandar Seri Begawan
  • Area :5,765 square kilometres
  • Total population :408,786
  • Languages :Malay, English, Chinese
  • Ethnic groups :Malay 66.3%, Chinese 11.2%, indigenous groups 3.4%, other 19.1%
  • Religions :Muslim 67%, Buddhist 13%, Christian 10%, other 10%

Major City

  • Bandar Seri Begawan
  • Seoul (UTC+9)

Exchange Rate 1 BND

Brunei Darussalam’s economy is led by the oil & gas sector, which contributes nearly two thirds of the nominal income. Oil & gas exports earn about 95% of Brunei’s export revenues and generate around 90% of government revenue. Per capita GDP, it is one of the highest in the world. Located on the northern shore of the island of Borneo, Brunei Darussalam consists of two unconnected parts, with a total area of 5,765 square kilometres and occupies only 1% of Borneo’s land area. It is bound on all sides by the Malaysian State of Sarawak. To the north there is a 161 kilometre long stretch of coastline next to the South China Sea. The island is also shared with the Indonesian provinces of West, South, East and Central Kalimantan.

Of the total population in Brunei, around 140,000 live in the capital Bandar Seri Begawan. Other major towns are the port of Muara, the oil producing Seria and its neighbouring Kuala Belait. The Panaga area is home to a large expatriate community due to Brunei Shell

Petroleum housing and facilities. The majority of the population live in the eastern part of Brunei, while the remainder live in the mountainous southeastern region, in the district of Temburong. Most of Brunei is within the Borneo lowland rainforest eco-region, which covers the majority of the island. There are also areas of mountain rainforest inland. Culture is deeply connected to religion, with the family being the focal point of the social structure. Islam is the primary religion. The monarchy provides a royal heritage with a direct family line going back to 1405 and this is the only Malay Islamic Monarchy in the world. Bandar Seri Begawan is Brunei’s centre of commerce, finance and government. One of the city’s most prominent features is the Sultan Ali Saifuddien Mosque, a tribute and indication of the nation’s deep rooted Islamic faith. Brunei joined ASEAN on 7 January 1984, becoming the sixth member and hosted the ASEAN Regional Forum in July 2002.

  • Joined ASEAN: 7 January 1984
  • Head of State: His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah
  • Area: 5,765 square kilometres
  • Border countries: Malaysia
  • Coastline: 161 kilometres
  • Capital city: Bandar Seri Begawan
  • Total population: 408,786
  • Population of capital: 140,000
  • Climate: Tropical, hot, humid and rainy
  • Languages: Malay, English, Chinese
  • Religions: Muslim 67%, Buddhist 13%, Christian 10%, other 10%
  • Ethnic groups: Malay 66.3%, Chinese 11.2%, indigenous groups 3.4%, other 19.1%
  • Monetary unit: Brunei Dollar (BND)
  • Natural resources: Petroleum, natural gas, timber
  • Major exports: Crude oil, natural gas, garments
  • Major export trading countries: Japan 45.6%, South Korea 16.5%, Australia 11.8%, Indonesia 8.4%, China 4.6%, India 4.8%
  • Major imports: Machinery and transport equipment, manufactured goods, food, chemicals
  • Major import trading countries: Singapore 33.2%, China 15.5%, South Korea 12.2%, Malaysia 10.7% Germany 9.6%
  • Internet domain: .bn
  • International dialling code: +673
  • Sources: CIA World Factbook, ASEAN, IMF, Kwintessential.co.uk, Journeymart.com

Why Brunei
  • Political Stability

    Brunei has been led by a benevolent monarchy that can be traced back, in an unbroken line of succession, over 600 years to when the first Sultan was installed in 1363.

  • Strong Oil and Gas Industry

    Oil and gas have been the backbone of Brunei’s economy since their discovery in 1929. Today Brunei is the 3rd largest oil producer in ASEAN and the 4th largest producer of LNG in the world.

  • Well Education Population

    The people of Brunei Darussalam are well educated with an adult literacy rate of 94.9%, one of the highest in the world.

  • Modern Infrastructure

    Under the current National Development Plan, Brunei Darussalam is targeting the further enhancement of its business infrastructure to better attract foreign direct investment.

  • Competitive Investment Incentives

    Brunei Darussalam has one of the most liberal tax regimes in the region. Other than a 23.5% corporate income tax, from which prospective investors are exempted for up to 20 years, it has no taxes on personal income, sales, payroll, export, capital gains or manufacturing.

For more information, please visit at www.bedb.com.bn

※ Source : Brunei Economic Development Board (BEDB)

Doing Business in Brunei

※ Source : ASEAN Secretariat

  • Capital : Bandar Seri Begawan
  • National Population : 305,100
  • Language : Bahasa Melayu

Brunei Darussalam is an oil rich sultanate that obtained independence in 1984. It offers tourists grand mosques, river journeys and virgin rainforests that cover 70% of country. Located on the island of Borneo, it is one of thesmallest nation in ASEAN covering just 5,765 square kilometres. Brunei Darussalam is a sovereign, independent, democratic islamic monarchy.

The capital, Bandar Seri Begawan, is dominated by the picturesque Omar Ali Saifuddien Mosque. The Istana Nurul Iman is the most impressive site in Brunei and the world’s largest residential palace. The sculpture nearby celebrate ASEAN unity. The Kampong Ayer or water village has been describe as the “Venice of the East”. It is home to 30,000 people and features stilthouses over the water.

The Royal Ragalia Building is hoe to a collection of ceremonial jewels. Brunei History Centre has a display on the history of the Sultans. The Royal Ceremonial Halla or Lapau is where traditional royal ceremonies are normally held. Tasek Recreational ZPark has natural waterfalls, gardens and a lake. The market or tamu, located on the banks of the Kianggeh river, is open daily and the Tamu Hujung Minggu opens at the weekend and offers many exciting goods. At Kampong Parit, just out of Bandar Seri Begawan, there is a mini replica of a rural village. Easy access to the rainforest and waterfalls is possible at Wasai Kandal.

Jerudong Theme Park is an adventure theme park open free to public. The nearby polo complex is one of the world’s largest. The Arts and Handycrafts Centre in Kota Batu has weaving and silverware displays.

The Malay Technology Museum provides an insight into the past lifestyle of the people. The Jame ‘Asr Hassanil Bolkiah Mosque in Gadong area is Brunei largest mosque. The Bukit Shahbandar Forestry Park provides over 70 ha of forest, ponds, trails and obsrvation towers. Meragang, Serasa and Muara beaches are popular recreational areas.

The geographically distinct, Temburong District contains dense forest and patches of land utilized for hill rice. The isolated Rainforest Centre at Kuala Belalong is a focus for learning about the lowland tropical forests. Ulu Temburong National

Park, the nation’s first, provided access to recreation and accommodation facilities.
There are several festivals including National Day on 23rd February, the Sultan’s birthday on 15th July, Chinese New Year and many Muslim religious festivals like Hari Raya where open house is common.

For more information, please visit http://www.bruneitourism.travel

※ Source : excerpts from site of BOI

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