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The Brunei Economic Development Board (BEDB) [a] is a statutory body established in 1975 under the Brunei Economic Development Board Act (Chapter 104). [ 3 ] [ 4 ] This legislation created the BEDB as a corporate entity with perpetual succession, empowering it to spearhead economic development initiatives in Brunei. [ 5 ]
Brunei's oil exports to the United States accounted for 17% of the total exported. Almost all of Brunei's natural gas is liquefied at Brunei Liquefied Natural Gas (LNG) plant, which opened in 1972 and is one of the largest LNG plants in the world. Over 82% of Brunei's LNG produced is sold to Japan under a long-term agreement renewed in 1993.
The Department of Economic Planning and Statistics (DEPS) [a] is a government department overseen by the Ministry of Finance and Economy (MoFE). The department is in accordance to Wawasan Brunei 2035, it wants to support Brunei's long-term, sustainable economic growth by providing globally-recognised statistical data, implementation of the National Development Plan (NDP), and planning.
Royal Brunei Airlines was established (as merely Royal Brunei) on 18 November 1974 with two, then new Boeing 737-200s. [ 7 ] [ 8 ] The airline's maiden voyage was on 14 May 1975 [ 7 ] from the then newly built Brunei International Airport to Singapore.
Abdul Fattaah ibni Mohamed Bolkiah [a] (born 8 March 1982) is a member of the royal family of Brunei. [5] He is the second son and fourth children of Prince Mohamed Bolkiah by his first wife, Pengiran Anak Hajah Zariah, thus making him a prince of Brunei, and the nephew of Sultan Hassanal Bolkiah . [ 6 ]
Brunei has the second-highest Human Development Index (HDI) among the Southeast Asian nations, after Singapore, and is classified as a 'developed country' by the United Nations. [1] According to the International Monetary Fund (IMF), Brunei is ranked fifth in the world by gross domestic product per capita at purchasing power parity .
The Ministry of Finance and Economy (MoFE; Malay: Kementerian Kewangan dan Ekonomi) is a cabinet-level ministry in the government of Brunei which is responsible for the monetary, fiscal and economic policies and development in the country. It was established immediately upon Brunei's independence on 1 January 1984. [2]
The Brunei Investment Agency (BIA) is a government-owned corporation [1] that reports to the Ministry of Finance and Economy of the government of Brunei. Established in 1983, its offices are located in Bandar Seri Begawan at the Ministry of Finance Building . [ 2 ]
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