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Domestic demand drives Brunei’s retail sales growth

20 September 2020

In the second quarter (Q2) of 2020, retail sales performance in Brunei Darussalam continued to show an increase of 1.6 per cent year-on-year, after increasing by 5.8 per cent (revised from 4.3 per cent) in the first quarter (Q1) of 2020. The value of retail sales in Q2 2020 was estimated at BND423.7 million.

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The Honourable Minister at the Prime Minister’s Office and Minister of Finance and Economy II Attended the Virtual 23rd ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting 18 September 2020, Virtual Meeting

​Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II attended the 23rd ASEAN Plus Three Finance Ministers’ and

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Brunei records BND1.13B total trade in June 2020

12 September 2020

Brunei Darussalam’s total trade is valued at BND1,132.6 million, a decrease by 7.9 per cent from BND1,229.8 million during the same month last year.

Meanwhile, for month-on-month changes, total trade for June 2020 decreased by 13.1 per cent compared to May 2020.

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ARTICLES

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Vendor Clinic Remains Open to Address Issue of Late Payments

The Vendor Clinic introduced by the Treasury Department, Ministry of Finance since 25th April 2016 is still operational and open to vendors who wish to find out about the payment process or making inquiries and complaints about delayed payments for the supply and service provision to the Government.

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Ministry Of Finance Income Tax Board of Review

In February 2017, the Income Tax Board of Review (ITBOR) was established under the Income Tax Act, Chapter 35. The ITBOR has been formed specifically to serve the interest of Companies that are subjected to corporate tax under the Companies Act with the aim to facilitate the administration and operation of taxation in Brunei Darussalam.

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World Class Refinery and Integrated Petrochemical Complex at PMB Begins to Take Shape

BRUNEI Darussalam's conducive and pro-business environment continue to become one of the main factors that attracts foreign investors to consider setting up base in the country.

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