The economy of Brunei Darussalam is heavily dependent on the oil and gas sector. Existing reserves are expected to last for the next two decades, and a phase of new exploration has commenced, which includes the development of two new offshore deep-water blocks.
The economy of Brunei is heavily dependent on the oil and gas sector. Existing reserves are expected to last for the next two decades, and a phase of new exploration has commenced, which includes the development of two new offshore deep-water blocks.
The Brunei government has stated its ambitious target of doubling the country's daily oil and gas production by 2035, but it should be noted that it is also working towards diversifying the economy by promoting private non-energy sector development and investment.
Brunei is also a party to the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), which delivers benefits for Australian businesses in the areas of tariff reduction and elimination, economic engagement and cooperation, greater certainty for service suppliers and investors and supply chain opportunities.
Brunei is working towards diversifying the economy.
The economy of Brunei is heavily dependent on the oil and gas sector. Existing reserves are expected to last for the next two decades, and a phase of new exploration has commenced, which includes the development of two new offshore deep-water blocks.
The Brunei government has stated its ambitious target of doubling the country's daily oil and gas production by 2035, but it should be noted that it is also working towards diversifying the economy by promoting private non-energy sector development and investment.
Brunei is also a party to the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), which delivers benefits for Australian businesses in the areas of tariff reduction and elimination, economic engagement and cooperation, greater certainty for service suppliers and investors and supply chain opportunities.
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Bribery is a serious and punishable offence.
Don't sit until your host or hostess asks you to do so.
Pork is forbidden for Muslims, and Halal food and restaurants are preferred. If entertaining, ask your guests to recommend a restaurant.
To turn down food being served, touch the plate lightly with the right hand and respectfully turn down the offer.
When giving or receiving an item, such as a business card, it is polite to offer or receive the item with both hands.
Bribery is a serious and punishable offence in Brunei.
Always use your right hand when giving or receiving.
Avoid touching and pointing. If you must point, use the thumb of your right hand with your other fingers clenched.
It is not customary for Muslims to shake hands with a member of the opposite sex.
Public displays of affection such as hugging and kissing are not usual in Brunei.
Dress modestly when attending meetings.
When entering a house, your shoes should be left outside.
Showing the soles of your feet when seated opposite a person is considered rude. Do not cross your legs - keep your feet flat on the floor.
Avoid conversations relating to sex, religion or politics.
