NEWS

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.

The Honourable Minister at The Prime Minister's Office and Minister of Finance and Economy II Attended The Virtual 52nd ASEAN Economic Ministers’ and Related Meetings 24 – 29 August 2020, Virtual Meeting
29 August 2020 Yang Berhormat Dato Seri Setia Dr. Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II joined other Economic Ministers in the 52nd ASEAN Economic Ministers’ Meeting (52nd AEM Meeting) and Related Meetings via video conference hosted by Viet Nam as the Chair of ASEAN 2020.

MoFE marks Hijrah New Year
27 August 2020 The Ministry of Finance and Economy (MoFE) held a celebration to mark 1442 Hijrah New Year at the ministry’s Surau yesterday. Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah was the guestof honour.

Company learns more about Competition Order
13 August 2020 With the enforcement of Competition Order’s Anti-Competitive Agreements prohibition beginning January 1, Competition Commission Brunei Darussalam (CCBD) recorded an increase in businesses’ interests to learn about the order.

CPI up by 2.6pc due to pandemic
11 August 2020 The consumer price index (CPI) increased by 2.6 per cent last June, compared to the previous month. This was highlighted by the Department of Economic Planning and Statistics (JPES) at the Ministry of Finance and Economy in a report yesterday. Prices of food and non-alcoholic beverages increased by 2.8 per cent, while prices of non-food items up by 2.5 per cent.

Voluntary National Review NBD Report 2020
15 July 2020* Brunei Darussalam participated in the Voluntary National Review session during the United Nations High-Level Political Forum on Sustainable Development via online on Wednesday, 15 July 2020.

Audit Department gets exposure on combating bid-rigging

2 August 2020

Bid rigging, also known as collusive tender, is agreements between bidders to eliminate competition in the procurement process, thereby raising prices and lowering quality. It is a major risk to the integrity and effectiveness of public procurement, and deprives the public sector of genuine opportunities to achieve value for money. Procurement units and their officials are therefore encouraged to learn and execute preventive measures to combat bid rigging.

https://www.mofe.gov.bn/Images1/News/IMG_4004.JPG

Postponement of the Implementation of Exit and Entry Charges Order, 2020

30 July 2020

By command of His Majesty Sultan Haji Hassanal Bolkiah Mu`izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar `Ali Saifuddien Sa`adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam, the Ministry of Finance and Economy hereby announces that His Majesty has consented to the postponement of the implementation of the Exit and Entry Charges Order, 2020 from Saturday, 1st August 2020 to Thursday, 1st October 2020.

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