Wednesday, 27 April 2016

Brunei must diversify its spluttering economy (Paul Pryce, UPH Analytics, East Asia Forum)

Water taxis wait for passengers bound for the Water Village in Bandar Seri Begawan, Brunei Darussalam on Friday, 10 September 2004. Brunei is located on the northwestern shore of Borneo and is heavily dependent on revenue from oil and gas exports. (Photo: AAP).

The small Southeast Asian state of Brunei Darussalam has long enjoyed considerable affluence, thanks in large part to its exports of crude oil and liquefied natural gas to resource-hungry neighbours like Japan and India. According to 2010 data, GDP per capita was US$51,600 and Bruneians enjoy the total absence of sales taxes or personal income tax.

http://www.eastasiaforum.org/2016/04/27/brunei-must-diversify-its-spluttering-economy/

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