BANDAR SERI BEGAWAN, Aug 23 (NNN-PELITA) – Brunei’s economic growth this year, was expected to remain moderate, driven by a gradual recovery in oil and gas production, and expansion in the non-oil and gas sector, including construction, tourism, trade, and info-communications technology (ICT), the central bank said, yesterday.
Brunei’s economic growth was also supported by sustained positive developments, in foreign direct investment projects, that were currently ongoing.
The projects were in petrochemicals, halal food and manufacturing, the central bank said.
Brunei’s economy, posted a decline of 1.8 percent year-on-year, in the first quarter of this year, according to the central bank.– NNN-PELITA
