Youth leadership programs foster skills development in youth which are pivotal for gaining successful careers and being more employable throughout their career. Given the concerning youth unemployment issues in Brunei, the study aims to highlight the importance of youth leadership programs and...

Brunei faces complex diversification challenges while it continues to contend with a protracted recovery since the pandemic. Real GDP has rebounded moderately, driven mainly by the non-oil and gas (O&G) sector and earlier than expected supply from a new O&G field in Q4 2023. Challenges persisted...

In Islamic finance, Profit and Loss Sharing (PLS) concepts are widely advocated as one of the most equitable concepts available for Islamic Financial Institutions (IFIs), given the equitable nature of sharing one's profit and loss. However, in practice its use is limited as challenges exist...

This paper has two main objectives. First, it aims to compare the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Financial Accounting Standard 1 (FAS 1) with International Accounting Standard 1 (IAS 1). Second, it seeks to assess the level of compliance of...

This study aims to investigate elements associated with consumer behavior towards the demand for halal logistics, namely concern about halal (COHA), knowledge of halal (KNHA), awareness of halal logistics (AWHL), and perceptions of halal logistics (PEHL). This research applied a quantitative...

This paper examines the nexus of income and multidimensional life satisfaction (LS) in the oil- and gas-rich Belait district of Brunei Darussalam. Using a random sample of 1,000 Belait residents and principal component factor analysis to sort 11 domains-of-life satisfaction into three...

This study uses a combination of archival and documentary research, as well as quantitative analysis, to uncover the evolution and impact of banking regulations on the economy of Brunei Darussalam. Available evidence suggests that throughout most of the 20th century, regulators adopted a...

Context and Recent Developments. Brunei's high vaccination rates have allowed for the removal of COVID-19 restrictions and reopening of borders; however, reduced oil and gas (O&G) production have undermined the recovery. The financial sector remains liquid and well-capitalized. High fuel prices...

Brunei Darussalam is a small open economy gifted with important oil resources which make it the second richest Southeast Asian economy after Singapore. Like all resource-rich countries, its main challenge is to diversify its activities to prepare for a post-oil sustainable economy. Attracting...

Women in Brunei have been the beneficiaries of inclusive gender policies in education, training, healthcare, employment, maternity leave, business and ownership of assets. Women outperform men in educational achievement and today comprise more than 70 per cent of university graduates, including...

Financial sector development plays an important role in promoting economic growth and welfare of the citizen of a country. On the other hand, financial sector instability or vulnerability, can adversely affect the economic growth and cause major disruptions in the country. This paper examines...

The development of agriculture and agrifood-based products is at the forefront of Brunei Vision 2035, Brunei Darussalam's most aggressive economic drive to date. One such instance of agri-food production is locally made coffee and tea products, which is taking place in the country despite the...

This paper is a case study on Brunei Darussalam’s public sector employees’ observations regarding the new performance appraisal system introduced in 2018. While the new system was aimed at instilling a more "performance-driven" public sector, however, based on the survey findings of this...

Financial sector development plays an important role in promoting economic growth and welfare of the citizen of a country. On the other hand, financial sector instability or vulnerability, can adversely affect the economic growth and cause major disruptions in the country. This paper examines...

There has been concern among the public and policymakers on the adequacy of Brunei Darussalam’s pension system, with particular emphasis on the returns generated. This paper will investigate the historical returns since 1993, comparing them with other countries as well as theoretical optimal...

After successfully weathering the pandemic in 2020, Brunei was hit by new waves of COVID-19, with case numbers going up significantly and new lockdown measures imposed in H2 2021. Reduced activities in mining and LNG manufacturing, combined with the negative impact of new pandemic variants on...

An External Sector Statistics (ESS) technical assistance (TA) mission was conducted remotely to Brunei Darussalam, during July 26-29, 2020, aimed at improving the quality of ESS, in line with the authorities' request. This is the most recent TA mission on ESS to Brunei Darussalam following a...

Brunei's economic performance-which was strong before the COVID-19 pandemic-has been buffeted by the health crisis and a pandemic-induced oil and gas price shock. The authorities responded fast and decisively. The number of new infections was quickly suppressed, thanks to a swift public health...

Present study aims at exploring the strategies for managing innovation in technical education by using blended learning philosophy and practices with special reference to Politeknik Brunei. Based on literature review and desk research, the study found out salient characteristics, explored...

Countries within the Asian region are continuously struggling to improve the living standards of their citizens. Some of them are still facing a plethora of challenges due to the ever-increasing levels of both relative and absolute poverty. This is especially among the poorest of the poor who...

As in many other oil and gas dependent countries, Brunei Darussalam - a country with a small population but the second highest income per capita in Southeast Asia - has been diversifying its economy in three sectors: from oil and gas to other sectors of export/economic growth; from the dominance...

Ethical behavior is deemed important in today's environment as corruption scandals persist to exist. Financial malpractices have directed research attention to increase professional accountant's ethicality. This paper tries to analyses the ethical behavior of Bruneian Accounting professionals in...

Postal Services face many challenges or issues including competition, privatization, technology and substitution from electronic and digital services. From previous studies have examined the relationship between service quality, customer satisfaction, perceived value, convenience and trust....

This paper compares creativity experiences and perceptions among employees of small and medium-sized enterprises (SME) and students in higher education institutions (HEI) in Brunei Darussalam. The study was conducted through interactions and surveys to assess (i) understanding and practice of...

This 2019 Article IV Consultation highlights that Brunei's economy has been adjusting to declining oil production since 2010 and lower oil and gas (O and G) prices since 2014, with the authorities undertaking wide-ranging reforms. Growth is expected to pick up in 2019 to 1.8 percent, with the...

Under Action 14, countries have committed to implement a minimum standard to strengthen the effectiveness and efficiency of the mutual agreement procedure (MAP). The MAP is included in Article 25 of the OECD Model Tax Convention and commits countries to endeavour to resolve disputes related to...