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In 2012, Forbes also ranks Brunei as the fifth-richest nation out of 182, based on its petroleum and natural gas fields. [ 2 ] With the recent weakening of the country's economy due to pressure on oil prices, Brunei has adopted hardline sharia law to try to gain local public support. [ 3 ]
Brunei Energy Services & Trading Sdn Bhd (BEST) is a company based in Bandar Seri Begawan, Brunei Darussalam. [2] Established in 2012 as PB Trading Sdn Bhd, it was previously a subsidiary of Brunei National Petroleum Company Sendirian Berhad , also known as PetroleumBRUNEI .
Brunei Methanol Company (BMC) is a national petrochemical facility situated at the Sungai Liang Industrial Park (SPARK) in Sungai Liang, Brunei [2] jointly owned by Japan's Mitsubishi Gas Chemical Company (50%), ITOCHU Corporation (25%) and Mirkhas (25%), a company incorporated under the purview of the Strategic Development Capital Fund, a trust sub-fund of the Government of Brunei.
QAF Brunei or QAF Brunei Group, [a] [6] is a private limited company under the Baiduri Group, [3] owned by Prince Mohamed Bolkiah, [4] serves as the investment company of the Bruneian royal family. Formerly known as QAF Holdings , the company has built a diverse portfolio spanning multiple sectors in Brunei. [ 7 ]
Since 1995, Brunei has supplied more than 700,000 tons of LNG to the Korea Gas Corporation as well. In 1999, Brunei's natural gas production reached 90 cargoes per day. A small amount of natural gas is used for domestic power generation. Brunei is the fourth-largest exporter of LNG in the Asia-Pacific region behind Indonesia, Malaysia, and ...
The MTR Corporation (MTR) was formed as a Crown corporation, mandated to operate under "prudent commercial principles", in 1975. The Kowloon-Canton Railway, operated under a government department, was corporatised in 1982 to imitate the success of MTR (see Kowloon-Canton Railway Corporation). MTR was privatised in 2000 although the Hong Kong ...
(Reuters) -U.S. President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal ...
There are three main types of business entity in Brunei, namely sole proprietorship, partnership, and company. [11] A private company contains the term "Sendirian Berhad", meaning "Private Limited" or "Sdn. Bhd." as part of its name; for a public company "Berhad" or "Bhd." is used. [12]