In conjunction with the 29th Civil Service Day which falls on the 29th of September 2022, last night’s news brings a report on the role of civil servants in together driving the country’s development. As the government’s engine, civil servants need to find ways towards further improving services for the citizens and country. Hence, the competence and efficiency of administration and leadership of civil servants are important, towards achieving services of high quality. According to the Public Service Department’s statistic until 31st August 2022, there are more than 45,400 civil…
Read MoreCategory: Finance
Retail Sales Performance Decreases in Q2 2022
Retail sales performance in second quarter of 2022 showed a year-on-year decrease of 4.1 per cent with an estimated value decreased from 488.2 million dollars to 468.3 million dollars. In terms of volume, the retail sales also recorded a negative growth of 6.8 per cent year-on-year. The Department of Economic Planning and Statistics in its press release stated that in terms of volume, the retail sales also recorded a negative growth of 6.8 per cent year-on-year. The decline in retail sales was mainly caused by a drop in sales of…
Read MoreNon-Oil and Gas Sector continues to show Encouraging Performance
In the first quarter of 2022, the Non-Oil & Gas Sector recorded an increase of 1 percent growth, meanwhile the Oil & Gas Sector decreased by 9 percent. The decline of the Oil and Gas Sector has resulted in the negative growth of Brunei Darussalam’s Gro…
Read MoreBIBD Annual General Meeting
Bank Islam Brunei Darussalam, BIBD Group, held its Annual General Meeting, AGM 2022. Speaking at the General Meeting, the Minister at the Prime Minister’s Office and Second Minister of Finance and Economy said that BIBD has intensified efforts in helping the nation achieve a sustainable economic recovery by creating an ecosystem that is beneficial and conducive for the Micro, Small and Medium Enterprises, MSMEs. The meeting was held at a hotel in Jerudong, 12th August morning. Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, as…
Read MoreFood and Non-Alcoholic Beverages Increase
The Consumer Price Index, CPI for year-on-year changes increased by 3.8 percent compared to May 2021. The rise was in line with the increase in Food and Non-Alcoholic Beverages and Non Food prices by 5.4 percent and 3.4 percent respectively. The Depart…
Read MorePrice Differences in the Market
Over a thousand complaints were received by the Department of Economic Planning and Statistics, DEPS, Ministry of Finance and Economy since the Consumer Protection, Fair Trading Order, 2011 was enforced in January 2012. Among the complaints was the iss…
Read MoreTotal Trade Increased By 70.9 Per Cent In April 2022
In April 2022, Brunei Darussalam’s total trade was valued at BND3,042.6 million, an increase by 70.9 per cent from BND1,780.1 million during the same month last year. Meanwhile, for month-to-month changes, total trade for April 2022 increased by 21.6 per cent compared to March 2022. Total exports increased by 71.2 per cent year-on-year to BND1,726.0 million compared to BND1,008.3 million in April 2021. This was mainly due to the increase in Mineral Fuels exports to BND1,316.9 million (April 2022) from BND769.5 million (April 2021). In addition, Chemicals exports increased to…
Read More