List of companies of Brunei

Brunei is a sovereign state located on the north coast of the island of Borneo in Southeast Asia. Apart from its coastline with the South China Sea, the country is completely surrounded by the state of Sarawak, Malaysia. Economic growth during the 1990s and 2000s, with the GDP increasing 56% from 1999 to 2008, transformed Brunei into an industrialised country. It has developed wealth from extensive petroleum and natural gas fields. Brunei has the second-highest Human Development Index among the Southeast Asian nations, after Singapore, and is classified as a "developed country".[1] According to the International Monetary Fund (IMF), Brunei is ranked fifth in the world by gross domestic product per capita at purchasing power parity. The IMF estimated, in 2011, that Brunei was one of two countries (the other being Libya) with a public debt at 0% of the national GDP. Forbes also ranks Brunei as the fifth-richest nation out of 182, based on its petroleum and natural gas fields.[2]

Location of Brunei

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] In 2019, the country issued a new law making homosexuality and adultery punishable by stoning to death, even for foreigners or non-Muslims [4] leading to a boycott of Brunei-related businesses primarily targeting hotels owned by the Sultan of Brunei and Royal Brunei Airlines.[5][6]

Notable firms

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
Autoriti Monetari Brunei Darussalam Financials Banks Bandar Seri Begawan 2011 Current central bank
Brunei Currency and Monetary Board Financials Banks Bandar Seri Begawan 2004 Former central bank, defunct 2010
Brunei LNG Oil & gas Exploration & production Lumut 1969 Liquid natural gas plant
Hua Ho Department Store Consumer services Broadline retailers Bandar Seri Begawan 1947 Department stores
Royal Brunei Airlines Consumer services Airlines Bandar Seri Begawan 1974 National airline
Telekom Brunei Telecommunications Fixed line telecommunications Bandar Seri Begawan 2005 Telecom

References
  1. "Human Development Reports". United Nations. Retrieved 5 October 2009.
  2. "Forbes ranks Brunei fifth richest nation". 25 February 2012. Archived from the original on 26 February 2012.
  3. "Brunei sultan seeks conservative support with hardline sharia laws". The Jakarta Post. Retrieved 6 April 2019.
  4. "Brunei implements stoning to death under anti-LGBT laws". BBC. April 3, 2019.
  5. "More companies boycott Brunei over anti-gay laws". CNN. Retrieved 6 April 2019.
  6. "Brunei's Controversial New Shariah Laws Are Now in Effect". The Diplomat. Retrieved 6 April 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.