Brunei records 2.4% economy growth in Q1


BANDAR SERI BEGAWAN, July 17 (Xinhua): Brunei's economy grew by 2.4 per cent year-on-year in the first quarter of 2020, the latest statistical figures released by the country's Department of Economic Planning and Statistics (DEPS) at the Ministry of Finance and Economy has shown. According to DEPS, the growth was contributed by the increase in the non-oil and gas sector by 10.9 percent. Meanwhile, the oil and gas sector recorded a decrease by four per cent. In the meantime, domestic demand registered a negative growth of 12.4 percent, particularly in capital expenditure. The government on Thursday also said that Brunei reported no new cases of Covid-19 with the national tally standing at 141. It marked the 70th consecutive day without new cases. According to Brunei's Ministry of Health, no active cases are being treated at the National Isolation Centre Meanwhile, currently there are 455 individuals who are undergoing mandatory isolation at the monitoring centres provided by the government. There have been three deaths from COVID-19 in brunei and a total of 138 patients have recovered. - Xinhua

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Brunei , Economy , Up 2.4% , First Quarter , 2020

   

Next In Aseanplus News

Vietnamese nationals arrested in UK after joint operation
New Golden Triangle border crossing offices in Bokeo almost ready
AirAsia Cambodia launches daily domestic flight operations
Two M'sians charged over armed gang robbery involving more than S$4.3mil
Tourism networking session promotes sultanate to Singapore market
Twin quakes shake Bandung, damaging homes and infrastructure
S. Korea parliament approves new probes into crowd crush, marine's death
Manet draws attention to importance of labour arbitration council as economy grows
Health Ministry to seek AstraZeneca clarification on acknowledgement of vaccine side effects
Popular Malaysian coffee shop chain Oriental Kopi to open in Singapore by September

Others Also Read