Doing Business in Brunei Darussalam

Subject (Course): International Trade and Business in Brunei Darussalam. Syllabus:

1. Introduction to the State of Brunei Darussalam (South-east Asia).
2. Bruneian Economy.
3. Doing Business in Bandar Seri Begawan
4. Petrol and gas resources
5. Bruneian international trade.
6. Foreign Direct Investment (FDI) in Brunei.
7. Case Study: Business Opportunities in Brunei.
8. Access to the Bruneian Market
9. Business Plan for Brunei

Objectives of the subject “Doing Business in the State of Brunei Darussalam”:

1. To analyse the Bruneian economy and foreign trade
2. To evaluate business opportunities in Brunei Darussalam
3. To explore Brunei Darussalam's trade relations with the student's country
4. To know Brunei's Free Trade Agreements (FTAs)
5. To develop a business plan for the Bruneian Market

Sample of the subject - Doing Business in the State of Brunei Darussalam:

Subject Description: (Doing Business in Brunei Darussalam).

The State of Brunei Darussalam is advantageously situated in the South-Eastern region of Asia.

1. Brunei Darussalam shares borders with Indonesia and Malaysia.
2. The capital of Brunei: Bandar Seri Begawan
3. The official language: Malay. English is recognised language in Brunei
4. Population: 415,717 people
5. 66% of Bruneian are Malays (11% are Chinese)
6. Type of Government: Unitary Islamic absolute monarchy
7. Sultan: Hassanal Bolkiah
8. Independence from the United Kingdom: 1984
9. Area: 5,765 square kilometres

Religion in Brunei Darussalam

1. 66% of the population are Muslim (Sunni).
2. Islam is the official religion of the State of Brunei
3. judiciary system of Brunei Darussalam is based on English Common Law.
4. For Muslims, Islamic Sariah Law substitutes civil laws.
5. Fiqh (Islamic Jurisprudence): Shafi.
6. Other religions in Brunei: Buddhism (13%) and Christianity (10%)

Brunei Darussalam is a member of the Islamic Civilisation.

Bruneian Economy.

1. Protected by the political stability of the longest serving family monarchy in the World, and the financial security of its petrol and gas resources, Brunei Darussalam is as “green oasis at the heart of Asia.”
2. Brunei Darussalam is a small nation by a large potential.
3. The State of Brunei ranks in the first position in the Islamic world (Human Development Index).
4. Bruneian people benefit from a high quality of life with (USD 31,000 per capita revenue), the second largest in the ASEAN region.
5. The Economy of the State of Brunei has been dominated by the petrol and gas industry for the past eighty years.
6. Brunei Darussalam has no central Bank and operates a currency board system with the Brunei Dollar (B$) being pegged to the Singapore Dollar, enabling both currencies to be legally interchangeable in Brunei Darussalam and Singapore.
7. Currency: Brunei dollar (BND)

International Trade of Brunei Darussalam.

1. Hydrocarbon resources account for 90% of its export and 50% of the gross domestic product of Brunei.
2. Brunei Darussalam is the fourth biggest petrol manufacturer in South-east Asia and the ninth largest exporter of liquefied natural gas in the World.
3. Petrol and natural gas account for nearly all Bruneian exports.
4. Top export markets of the State of Brunei: Japan, Korea, Indonesia, India, and Australia.
5. Top import partners of Brunei Darussalam: the Association of South-East Asian Nations (ASEAN) countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Laos, Myanmar, and Cambodia), the United States, the European Union (EU), Japan, and the People's Republic of China.

Brunei Darussalam: market access and agreements.

1. Association of South-East Asian Nations (ASEAN)
2. ASEAN Free Trade Area (AFTA)
3. Trans-Pacific Agreement (TPP)
4. Asia-Pacific Economic Cooperation (APEC)
5. East ASEAN Growth Area
6. Brunei Darussalam (as an ASEAN member), has Free Trade Agreements (FTA) with Australia-New Zealand, Canada, China, India, the European Union, Japan, Korea, Russia, the United States, Pakistan, Chile.
7. Trade Preferential System of the OIC (TPS-OIC)

Brunei Darussalam is a member of:

1. Organisation of Islamic Cooperation
2. Islamic Development Bank
3. Asian Development Bank (ADB)
4. Economic Social Commission Asia-Pacific (ESCAP)
5. Africa-Asia Strategic Partnership