EU businesses seek expansion in Brunei

Image courtesy of Borneo Bulletin/Asian News Network.

BANDAR SERI BEGAWAN, Oct 16 (Borneo Bulletin/ANN): A survey has found out that 23 per cent of European Union (EU) businesses said they are expanding in Brunei while 19 per cent expect contraction and 58 per cent indicate uncertainty, a 2020 EU-Asean Business Sentiment Survey showed.

Asean-wide, 53 per cent of respondents see Asean as the region with the best economic opportunity but this is a contraction from 63 per cent in 2019 and the percentage of those planning to reduce business is 10 per cent. Indonesia, Thailand and Vietnam show the greatest level of intention to expand operations.