Latest news with #DepartmentofEconomicPlanningandStatistics
The Star
28-07-2025
- Business
- The Star
Brunei's unemployment rate drops to 4.7%
BANDAR SERI BEGAWAN: Brunei's unemployment rate fell to 4.7 per cent in 2024, down from 5.1 per cent the previous year, as more locals secured jobs in both the public and private sectors, according to the latest Labour Force Survey released by the Department of Economic Planning and Statistics (DEPS). The decline in unemployment comes as the country's employed population rose by 2.9 per cent, reaching 222,300 people — a notable increase from 216,000 in 2023. The boost was largely driven by strong job growth in the private sector, which recorded a 4.0 per cent increase, compared to 0.3 per cent in the public sector.
The Star
27-07-2025
- Business
- The Star
Brunei's total trade hits BND1.8B in May
BANDAR SERI BEGAWAN: Brunei's total trade for May reached BND1,803.5 million, according to the International Merchandise Trade Statistics report released by the Department of Economic Planning and Statistics Saturday (July 26). The amount comprised of exports valued at BND1,027.9 million and imports amounting to BND775.6 million. The major contributors to the export value were mineral fuels accounting for 70.9 per cent, followed by chemicals at 26.1 per cent, and manufactured goods at one per cent. The main export markets were China accounting for 19.4 per cent, followed by Australia and Korea at 17.1 per cent and 10.9 per cent. The largest export commodities to these countries were mineral fuels and chemicals. Meanwhile, imports in May were valued at BND775.6 million. The three main import commodities were mineral fuels, accounting for 68.9 per cent, followed by machinery and transport equipment at 9.7 per cent, and food at 8.0 per cent. The largest import partners were Malaysia, accounting for 39.6 per cent, followed by China at 6.8 per cent, and Australia at 4.9 per cent. The main import commodities from these trading partners were mineral fuels, food as well as machinery and transport equipment. The total trade declined by seven per cent in May, compared to April, due to a 11.9 per cent decrease in exports. The imports for end use categories were mainly used as intermediate goods processing accounting for 58.1 per cent, followed by capital goods for business operations at 38.7 per cent, and consumption goods for household use at 3.2 per cent. - Borneo Bulletin/ANN
The Star
29-06-2025
- Business
- The Star
Brunei trade balance increases 3.4 per cent in April
BANDAR SERI BEGAWAN (Xinhua): Brunei's trade balance increased by 3.4 percent year-on-year to 395.9 million Brunei dollars (US$310.1 million) in April, according to a report from the Department of Economic Planning and Statistics (DEPS) of Brunei. According to the DEPS, Brunei's merchandise exports achieved 1,167.1 million Brunei dollars (US$917.7 million ) in April. Mineral fuels accounted for the highest share of total exports at 74.6 per cent, followed by chemicals at 23.2 per cent, and machinery and transport equipment at 0.7 per cent. Brunei's total trade for April 2025 was 1,938.3 million Brunei dollars (US$1,524.1 million), which saw a year-on-year decrease of 18 percent from 2,365 million Brunei dollars (US$1,852.4 million) in April 2024, said the report. Meanwhile, on a month-on-month basis, Brunei's total imports in April recorded an increase of 1.5 per cent, mainly attributed to the increase in the import value of most commodity sections. The highest share of imports in April came from Russia, accounting for 26.9 per cent, followed by Malaysia at 16.9 per cent and Norway at 14.6 per cent. Brunei is situated in the northern part of Borneo Island in Southeast Asia and is abundant in oil and natural gas resources. In recent years, the government has made efforts to diversify the economy and reduce its strong dependence on the oil and gas sector. - Xinhua
The Star
28-06-2025
- Business
- The Star
Brunei GDP declines 1.8 per cent in first quarter of 2025
BANDAR SERI BEGAWAN (Xinhua): Brunei's gross domestic product (GDP) at constant prices recorded a year-on-year decline of 1.8 per cent in the first quarter (Q1) of 2025, according to the Department of Economic Planning and Statistics. According to the local daily Borneo Bulletin on Friday, the decline in the oil and gas sector in Q1 2025 was due to lower production of natural gas and liquefied natural gas (LNG), following both scheduled and unscheduled maintenance activities. The report from the Department of Economic Planning and Statistics under Brunei's Ministry of Finance and Economy shows that Brunei's GDP at current prices was 4.9 billion Brunei dollars (3.84 billion U.S. dollars) in Q1 2025, a decrease from Q1 2024, which was 5.1 billion Brunei dollars (3.99 billion U.S. dollars). The non-oil and gas sector contributed 54.2 percent of Brunei's GDP in Q1, comprising downstream activities such as the manufacture of petroleum and chemical products, among others. The oil and gas sector contributed 45.8 percent, according to the report. Brunei is a key oil and natural gas producer in Southeast Asia. - Xinhua
Malaysia Sun
27-06-2025
- Business
- Malaysia Sun
Brunei GDP declines 1.8 pct in Q1
Xinhua 27 Jun 2025, 15:45 GMT+10 BANDAR SERI BEGAWAN, June 27 (Xinhua) -- Brunei's gross domestic product (GDP) at constant prices recorded a year-on-year decline of 1.8 percent in the first quarter (Q1) of 2025, according to the Department of Economic Planning and Statistics. According to the local daily Borneo Bulletin on Friday, the decline in the oil and gas sector in Q1 2025 was due to lower production of natural gas and liquefied natural gas (LNG), following both scheduled and unscheduled maintenance activities. The report from the Department of Economic Planning and Statistics under Brunei's Ministry of Finance and Economy shows that Brunei's GDP at current prices was 4.9 billion Brunei dollars (3.84 billion U.S. dollars) in Q1 2025, a decrease from Q1 2024, which was 5.1 billion Brunei dollars (3.99 billion U.S. dollars). The non-oil and gas sector contributed 54.2 percent of Brunei's GDP in Q1, comprising downstream activities such as the manufacture of petroleum and chemical products, among others. The oil and gas sector contributed 45.8 percent, according to the report. Brunei is a key oil and natural gas producer in Southeast Asia.
