Sunday, 10 March 2013

Economy Of Brunei


Omar Ali Saifuddin Mosque brunei
Omar Ali Saifuddin Mosque
share About Brunei Darussalam's economi, This small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for nearly half of its GDP. Substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and subsidizes rice and housing.

Brunei's leaders are concerned that steadily increased integration in the world economy will undermine
internal social cohesion although it became a more prominent player by serving as chairman for the 2000 Asia-Pacific Economic Cooperation (APEC) forum. Stated plans for the future include upgrading the labour force, reducing unemployment, strengthening the banking and tourism sectors, and, in general, further widening the economic base.

Brunei Modern Houses
Brunei Modern Houses
The national airline, Royal Brunei Airlines, is trying to make Brunei a hub for international travel between Europe and Australia/New Zealand, and also has services to major Asian destinations. Brunei is increasingly importing from other countries.


  Shell Petrol Station in Brunei
  Shell Petrol Station in Brunei

The Brunei Halal brand
Brunei Darussalam in July 2009 launched its national halal branding scheme Brunei Halal which allows manufacturers in Brunei and in other countries to use the premium Brunei Halal trademark to help them penetrate lucrative markets in countries with significant numbers of Muslim consumers.

As envisioned by the Sultanate, the use of the Brunei Halal brand would signify to Muslim consumers the manufacturers' strict compliance with laws relating to Islamic teachings. Brunei also aims to build confidence in the brand through strategies that will both ensure the halal integrity of the products and unfaltering compliance with set rules governing the sourcing of raw materials, manufacturing process, logistics and distribution.

The Brunei Halal brand is said to be the first proper attempt to put together a global halal brand that will reap the potential commercial returns of catering to the consumption needs of Muslims worldwide.

A new company, government-owned Brunei Wafirah Holdings Sdn Bhd, has been established as the owner of the Brunei Halal brand. Wafirah has entered into a joint venture with Brunei Global Islamic Investment and Hong Kong-based logistics firm Kerry FSDA Limited to form Ghanim International Food Corporation Sdn Bhd. Ghanim International manages the use of the Brunei Halal trademark.

Producers that want to use the brand are required to first acquire the Brunei halal label (or the certification for compliance with accepted manufacturing and slaughtering practices under Islam) through the Department of Syariah Affairs' Halal Food Control Section. They can then approach Ghanim for their application to use the brand.

Brunei Agriculture
To achieve its target for food self-sufficiency, Brunei renamed its Brunei Darussalam Rice 1 to Laila Rice during the launch of the "Padi Planting Towards Achieving Self-Sufficiency of Rice Production in Brunei Darussalam" ceremony at the Wasan padi fields in April 2009.

In August 2009, the Royal Family reaped the first few Laila padi stalks, after years of multiple attempts to boost local rice production, a goal which was envisioned about half a century ago.

Health care
All Brunei citizens have access to free health care from public hospitals. The largest hospital in Brunei is Raja Isteri Pengiran Anak Saleha Hospital, and there are two private medical centres, Gleneagles JPMC Sdn Bhd and Jerudong Park Medical Centre. As of 2008, no hospitals in Brunei were undergoing international healthcare accreditation.

There is currently no medical school in Brunei, and Bruneians wishing to study to become doctors must attend university overseas. However, the Institute of Medicines had been introduced at the Universiti Brunei Darussalam and a new building has been built for the faculty. The building, including research lab facilities, was completed in 2009. There has been a School of Nursing since 1951. 58 nurse managers were appointed in RIPAS to improve service and provide better medical care.[31] In December 2008, The nursing college merged with the Institute of Medicines at the Universiti Brunei Darussalam to produce more nurses and midwives.

The Health Promotion Centre opened in November 2008 and serves to educate the public on the importance of having a healthy lifestyle.

Transport
Brunei is accessible by air, sea and land transport. Brunei International Airport is the main entry point to the country. Royal Brunei Airlines is the national carrier. The ferry terminal at Muara services regular connections to Labuan island (Malaysia). The speedboats provide passenger and goods transportation to the Temburong district. The main highway running across Brunei is the Tutong-Muara Highway. The country's road network is well developed. Brunei has one main sea port located at Muara. The export of its petroleum products is carried out through dedicated terminals.


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