Brunei green economy framework. Within the BIMP-EAGA framework, Brunei Darussalam and the Philippines are actively exploring trade prospects, particularly in the domains of rice and halal products. One recommendation is for Brunei to leverage the opportunities from Islamic finance by harnessing the promise of green sukuk (Islamic bond) in spearheading the financing of climate action plans. We’re grateful for the Brunei has the potential to reposition itself as a key player for green energy transition in the region. In line with this unprecedented growth, ASEAN governments have announced national targets to achieve net-zero emission Our new framework for classifying green economic activity, described in Chapter 1, is designed to help policymakers consider which aspects of the green economy present them with an opportunity to boost prosperity, generate jobs and strengthen their global competitiveness, in particular in the context of a global transition to a carbon-free The Framework is a priority economic deliverable under Brunei Darussalam’s 2021 ASEAN Chairmanship, and was developed by the ASEAN Secretariat in collaboration with the Economic Research Institute for ASEAN UK–Brunei Green Economy Framework Commissioned by the UK’s Foreign, Commonwealth and Development Office, this report from Arup identifies four opportunities related to oil and gas and its downstream sectors that can lay the foundation for Brunei’s green economy by driving decarbonisation and bringing economic value for the nation. ENERGY SECTOR Brunei Economic Prosperity IN THE SPOTLIGHT A prosperous transition towards net-zero, where economic growth is in tandem with greenhouse gas decline, means decarbonising existing industries while progressively diversifying from highly polluting industries to greener or green economic sectors. The COVID-19 pandemic has spurred innovation in sectors like food and beverage, highlighting the resilience of the Bruneian Singapore and Brunei agreed to deepen cooperation in the areas of energy, the green economy, and food and medical supply resilience, with the signing of two Memoranda of Understanding (MOUs) today. The and are working together towards a greener future! We’re happy to share that the UK-Brunei Green Economy Framework (UK-BGEF) project is now up and running. These initiatives focus on using sustainable construction materials, exploring energy In recent years, there has been a growing interest among academics worldwide in the concepts of halal and green tourism, particularly focusing on sustainability. The government’s commitment to Islamic Finance Development Regulatory Landscape in Islamic Finance Secretariat to the SFSB Milestones Islamic finance has become one of the key sectors in Brunei Darussalam's financial services industry. Brunei Darussalam has made strong progress towards the SDGs in 2023, with significant advancements in Goal 11 (Sustainable Cities and Communities) and Goal 13 (Climate Action). This collaborative effort aims to support Brunei's economic diversification and transition to a green economy, aligning with the country's commitment to 3. Explore focused publications on ASEAN affairs curated by the UK-ASEAN Business Council. Thank you to the UK – Brunei Green Economy Framework Committee, which include: Yang Berhormat Yang Di-Pertua Dewan dan Ahli-Ahli Yang Berhormat, n Economy Framework telah mela membimbing strategi dalam Brunei’s foreign direct investment landscape is in a transformative stage as the government seeks to move away from a reliance on natural resources BBrunei may be a tiny country but it has a fascinating history and is set for a prosperous future thanks to the vision of His Majesty Sultan of Brunei Haji Hassanal Bolkiah Mu’izzaddin Waddaulah. The panel explored the regulatory framework and practical steps of growing the fintech sector in Brunei as well as what to expect with regards to green finance. 16 Aspira ons are built upon several policy direc ons, including environmental preserva on, promo on of the blue and green economy, research and development, and innova on in clean technology. BRUNEI DARUSSALAM. Commissioned by the UK’s Foreign, Commonwealth and Development Office, our report identifies four opportunities related to oil and gas and its downstream sectors that can lay the foundation for Brunei’s green economy by driving decarbonisation and bringing economic value for the nation. By embracing the green economy, Brunei is taking an integrated approach to foster its economic development, which aligns with its existing essence of a whole-of-nation approach to development, where national Building on the UK's commitment to support Brunei's green economic development, Arup is the delivery partner supporting the framework creation to deliver Brunei's aspiration to be a Net Zero Brunei Darussalam, 18 October 2021: ASEAN economic ministers adopted the Framework for Circular Economy for the ASEAN Economic Community at the 20th AEC Council Meeting on 18 October 2021. Our new report ‘UK – Brunei Green Economy Framework’ launched by the Foreign, Commonwealth and Development Office, aims to lay the foundation for driving decarbonisation and bringing Capturing the opportunity’ explores how governments, investors and communities can understand the opportunities promised by green economic strategy and take action to build sustainable prosperity. Touching on climate and nature, High Commissioner McKenzie described the Brunei Green Economy Framework launched in April 2024 as “a fantastic bilateral initiative. 1. Additionally, the Currency Interchangeability Agreement (CIA) with Singapore continues to provide stable domestic monetary conditions, given Brunei Darussalam’s economic openness and the need for a robust exchange rate to mitigate the impact of imported inflation. Prominent for its BANDAR SERI BEGAWAN – Brunei has successfully reduced greenhouse gas emissions by 15% compared to the business-as-usual scenario, following the implementation of climate change mitigation strategies, the Memorandum of understanding between the UK and Singapore supporting decarbonisation, enhancing energy security and leveraging investment across priority green sectors. Brunei is facing complex diversification challenges and a protracted post-pandemic recovery. Though gradual, diversification efforts have begun to yield results by developing five priority sectors: downstream oil and gas, food, services, tourism and ICT. In advancing the green economy Brunei Green Economy This report, authored by WWF and PwC, provides a roadmap for a green economy in Borneo, South East Asia that will help to achieve the commitments made in the Heart of Borneo (HoB) Declaration, signed by the Indonesian, Malaysian and Brunei governments in 2007 to conserve and sustainably manage the biodiversity, ecosystems and natural resources of Borneo. Overall, green economy for Brunei relies on three pillars: 1) decarbonisation of existing downstream O&G sector, 2) develop new green economic opportunities in the The launching of Brunei Green Economy Report is one of the deliverable under United Kingdom - Brunei Strategic Dialogue: Brunei Green Economy Framework that sought to formulate a sustainability roadmap to Date: 16th April 2024 Commission, this morning, organised the launching of the Brunei Green Economy Report that was held at the Theatre Hall, Ministry of Finance and Economy. Brunei Darussalam hereby communicates its Nationally Determined Contribution (NDC) and relevant information to facilitate clarity, transparency and understanding in accordance to decision 1/CP. Nascent Market and Regulatory Framework: Brunei's REC market is in its infancy, lacking a comprehensive regulatory framework and clear guidelines. ASEAN LEADERS’ DECLARATION ON THE BLUE ECONOMY WE, the Association of Southeast Asian Nations (ASEAN), namely Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Republic of the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Financial Sector Blueprint In 2016, BDCB published the Brunei Darussalam Financial Sector Blueprint 2016 – 2025. Brunei Darussalam needs new drivers to diversify the economy due to its one-dimensional nature. Sustainable development, particularly in the green and blue economies, plays a pivotal role in maintaining BDCB Policy Statement 2/2022 Brunei Darussalam Central Bank (BDCB) today published its second policy statement for 2022. Alhamdulillah, I express my sincere gratitude to Allah Subhanahu Wata'ala for bestowing His benevolent favours upon Brunei Darussalam as it commences the Twelfth National Development Plan (RKN12). Explore RKN12, Brunei’s $4B plan with 305 projects (2024–2029), grouped under six strategic thrusts to drive growth toward Wawasan 2035. The Sustainable Economy Forum 2025 will provide a platform for Brunei 'DUXVVDODP¶V political, social and increasingly economic framework aligns to Islamic teachings and principles, providing the country with a competitive edge. English Malay The Ministry of Finance and Economy is pleased to announce that His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented the Brunei Darussalam’s Economic Blueprint: Towards a Dynamic And Wawasan Brunei 2035 is the Nation’s aspirations to ensure that the people of the country are educated, highly skilled and accomplished; enjoy high quality of life; and the nation having an economy that is dynamic and sustainable in 2035. 1. As part of these efforts, the country is exploring pathways to economic diversification that are both inclusive and environmentally responsible. Updated as of 10 January 2025. Several efforts towards diversifying our economy have been put in place through increasing local business development and Government-Linked Companies as well as attracting foreign Brunei Darussalam, with a population of around 440,715 in 2021[1], is the smallest country in the ASEAN region, both in terms of area and population. Strategy champions are responsible for identifying strategies to achieve National Outcomes in the Framework for Wawasan Brunei 2035; prepare and implement action plans which will contribute achieve the relevant strategies and ensure the implementation of programs and projects of high impact at the national level. Despite these alarming figures, global waste management infrastructure remains lacking. 2. As Islamic Finance continues to grow, Brunei Darussalam aims to leverage against such unique characteristics to evolve into an Islamic Finance and Fund Management hub, serving the fast-growing ASEAN Brunei Darussalam’s political, social and increasingly economic framework aligns to Islamic teachings and principles, providing the country with a competitive edge. ARUP, selected as consultants by the UK's Foreign and Commonwealth Office (FCDO) and overseen by the British High Commission Brunei, were Towards a Sustainable Brunei "Brunei Darussalam’s SDGs journey is guided by its national vision, Wawasan Brunei 2035, where the country aspires to be widely recognised for its educated, highly skilled and accomplished people, with a The Brunei Green Economy Framework Report, published April 2024, would not have been possible without the contributions from stakeholders. Apart from its coastline on the South China Sea, it is completely surrounded by the Malaysian state of In the handbook, EPR was intended for e-waste. We’re grateful for the support and collaboration with the Ministry of Finance and Economy on this project. Efforts for its mitigation and raising more awareness on sustainability practices require the Explore frameworks and strategies shaping Wawasan Brunei 2035, focusing on aspirations for education, quality of life, and a sustainable economy. Session Recordings Background The Sustainable Ocean Economy or the Blue Economy has been recognized as a multifaceted and crosscutting concept that drives economic growth and innovation while The blueprint provides a strategic framework to realise the economic ambitions of Brunei’s national vision, Wawasan 2035: a dynamic and sustainable economy. Brunei’s strategic location, political stability, and business-friendly Enforcement of Energy Efficiency (Standards & Labelling) Act Theme: A just energy transition towards a green & sustainable development in Southeast Asia Introduced UK- Brunei Green Economy Framework (BGEF) MoUs/ MoCs related to energy transition 24th August 2022 The ASEAN Blue Economy Framework (the Framework) affirms the ASEAN commitment to regional cooperation on the blue economy, advancing its priorities to facilitate value creation, resilience, inclusivity, and sustainability. This report gave a very poignant reflection on how the Brunei economy, dominated by 90% export revenues from O&G, will be challanged during global changes in the energy transition and O&G price The launching of Brunei Green Economy Report is one of the deliverable under United Kingdom - Brunei Strategic Dialogue: Brunei Green Economy Framework that sought to formulate a sustainability roadmap to guide strategies in diversifying the Sultanate’s economies. ” The launching of Brunei Green Economy Report is one of the deliverable under United Kingdom - Brunei Strategic Dialogue: Brunei Green Economy Framework that sought to formulate a sustainability roadmap to Our new report ‘UK – Brunei Green Economy Framework’ launched by the Foreign, Commonwealth and Development Office, aims to lay the foundation for driving decarbonisation and bringing Our new report ‘UK – Brunei Green Economy Framework’ launched by the Foreign, Commonwealth and Development Office, aims to lay the foundation for driving decarbonisation and bringing Brunei Green Economy Framework- I was fortunate to be able to contribute to the Brunei Green Economy framework, which was published in April 2024 by the British High Commission Brunei and ARUP Singapore. Sustainable consumption is a key driver for socio economic development in the ASEAN Policy Agenda (ASEAN Vision 2020) which advocates for “a clean and green ASEAN with fully established mechanisms for sustainable development to ensure the protection of the region’s environment, the sustainability of natural This research investigates the principles and prospects of green tourism from diverse literature to fully grasp the application of concepts and other perti-nent challenges in green tourism. The launching of Brunei Green Economy Report is one of the deliverable under United Kingdom - Brunei Strategic Dialogue: Brunei Green Economy Framework that sought to formulate a sustainability roadmap to guide strategies in diversifying the Sultanate’s economies. The SDG Tracker reflects positive momentum, driven by collaborative efforts from all stakeholders. The Brunei National Climate Change Policy (BNCCP) was Introduced in July 2020 Submitted 1st NDC Aim to reduce GHG emissions by 20% by 2030. Learn how Brunei is transitioning from fossil fuels to sustainable practices while promoting environmental The framework is a priority economic deliverable under Brunei Darussalam’s 2021 ASEAN Chairmanship and was developed by the ASEAN Secretariat in collaboration with the Economic Research Institute for ASEAN Key Messages: To achieve the country’s blue economy goals, a framework would have to be prepared encapsulating objectives, targets, strategies, implementing custodians and strategies. Brunei is looking at investing in key sectors such as education, clean energy, and maritime and logistics to drive sustainable growth and reduce reliance on hydrocarbons. Borneo Bulletin (19 January 2025) - Brunei Darussalam is committed to fostering a culture of innovation, inclusivity and a thriving digital ecosystem, focusing on the digital economy’s role in growth and sustainability, said Minister of Transport and Infocommunications Pengiran Dato Seri Setia Shamhary bin Pengiran Dato Paduka Haji ASEAN defines the Blue Economy is an integrated, holistic, cross-sectoral, and crossstakeholder approach that creates value-added and value-chain of resources from oceans, seas, and fresh water in inclusive and A Press Release summarizing the views of the Executive Board as expressed during its September 1, 2021 consideration of the staff report that concluded the Article IV consultation with Brunei Darussalam. 1 to 2. Thank you to the UK –Brunei Green Economy Framework Committee, which include: One of the key pillars of the relationship now revolves around the urgency of climate change and global action. In October These include a commitment to the blue economy, ASEAN joint declaration on energy transitions and security, circular economic framework, the recommendation for regional cooperation for mineral intensive-low carbon and Brunei’s climate change policy, launched in July 2020, would be the basis for developing a response framework for the requirement imposed on Parties of the Paris Agreement. Acknowledgments The publication of the Brunei Darussalam Voluntary National Review Report 2023 was made possible through the support of the Prime Minister’s Office as the Special National Coordination Committee of Sustainable Development Goals, Brunei Darussalam. Digital transformation has been on ASEAN’s radar for more than two decades with the signing of the e-ASEAN Framework Agreement by the Leaders in November 2000. The World Economic Forum (WEF) developed the System Value framework to drive discussions and actions to accelerate the clean energy transition. ASEAN introduced a common language for financing sustainable economic activities Discover how Brunei drives economic growth with halal food innovation, creating global opportunities and setting standards in the industry. Singapore and Brunei agreed to deepen cooperation in the areas of energy, the green economy, and food and medical supply resilience, with the signing of two Memoranda of Understanding (MOUs) today. This initiative supports Brunei Vision #DIGITALPARADIGM The sheer impact of rapid advancements in digital technologies are transforming our daily routines, in how we work and live. Thailand announced a bio-circular-green (BCG) economy Brunei Darussalam is obligated to communicate its GHG inventories to the United Nations Framework Convention on Climate Change (UNFCCC) under the Paris Agreement through reports such as National Communications What is Wawasan Brunei 2035? Wawasan Brunei 2035 is the Nation’s aspirations to ensure that the people of the country are educated, highly skilled and accomplished; enjoy high quality of life; and the nation having an economy Brunei is aiming for digital growth as a key driver to diversify its economy. Home > Insights >Government Incentives And Support For Businesses In BruneiShare: October 25, 2024 Introduction to Brunei’s Business Environment Brunei offers a stable political climate and a business-friendly regulatory framework, which makes it an attractive destination for investors as well as for entrepreneurs. This plan serves as the fundamental framework for preparing fundamental development initiatives that will support and facilitate the realisation of Wawasan Brunei 2035 In the Brunei Darussalam Economic Blueprint, ‘Blue Economy’ is men oned four mes, under Aspira on Four: Sustainable Environment. ” The World Economic Forum (WEF) developed the System Value framework to drive discussions and actions to accelerate the clean energy transition. We’re happy to share that the UK-Brunei Green Economy Framework (UK-BGEF) project is now up and running. TITAH “Alhamdulillah, I am grateful that with the blessing and grace of Allah Subhanahu Wata’ala, Brunei Darussalam’s economic development and growth have seen significant progress over the years. This trend has created both opportunities and challenges for tourism stakeholders, as there is a strong interest from tourists in both halal and green tourism experiences. Efficiency (Standards & Labelling) Act Theme: A just energy transition towards a green & sustainable development in Southeast Asia Introduced UK- Brunei Green Economy Framework (BGEF) MoUs/ MoCs related to energy transition 24th August 2022 By 2030, Southeast Asian economies could provide up to $1 trillion in annual economic opportunities. 3 billion waste is produced every year, from packaging to electronics and food scraps. The launch of the Brunei Green Economy Report is one of the deliverables under the UK-Brunei Strategic Dialogue: Brunei Green Economy Framework which aims to formulate a sustainability roadmap to guide The report urges that developing a green economy is a long journey which must start now. The Brunei Green Economy Framework Report, published April 2024, would not have been possible without the contributions from stakeholders. The MOD Digital Paradigm Framework 2020-2025 is a transformative journey which endeavors Therefore, diversifying our economy is among the main agenda in the nation's economic development. Wawasan Brunei 2035 is the Nation’s aspirations to ensure that the people of the country are educated, highly skilled and accomplished; enjoy high quality of life; and the nation having an economy that is dynamic and sustainable in 2035. The BGEF report aligns with the Brunei System Value Analysis and focuses The launching of Brunei Green Economy Report is one of the deliverable under United Kingdom - Brunei Strategic Dialogue: Brunei Green Economy Framework that sought to formulate a sustainability roadmap to guide strategies in diversifying the Sultanate’s economies. It includes social aspects of a just transition to a green economy and criteria for coal phaseouts—a global first for a regional taxonomy. One of the world’s longest-reigning Following this, Puan Shirley Sikun, Director of the Energy Transition Division at the Department of Energy, PMO, presented an overview of REC in Brunei Darussalam and the UK-Brunei Green Economy Framework. At the same time, the country is facing other challenges such as environmental degradation and climate change, which In 2022, the 21 APEC member economies, including Brunei, adopted the Bangkok Goals on the Bio-Circular-Green (BCG) Economy, a robust framework to promote sustainable development objectives. In the Leaders’ Statement on the Development of the ASEAN DEFA, the ASEAN member states agreed to, inter alia, develop a “modern, SINGAPORE - Singapore and Brunei will deepen cooperation in the areas of energy, the green economy, and food and medical supply resilience, the Ministry of Trade and Industry (MTI) said on Key Messages: To achieve the country’s blue economy goals, a framework would have to be prepared encapsulating objectives, targets, strategies, implementing custodians and strategies. Although not explicitly mentioned in most government documents, the Government of Brunei is considering EPR in their agendas. Representatives from key Bruneian ministries, 10 Key Strategies to shape Brunei Darussalam to a Low-Carbon and Climate-Resilient 01 Industrial Emissions Reduce overall emissions in the industrial sector through zero routine flaring and to As Low As Reasonably Practicable (ALARP). The report is published as part of the Partnership for Action on Green Economy (PAGE) – an initiative by the United Nations Environment Programme (UN Environment), the International Labour Organization (ILO), the United Nations Development Programme (UNDP), the United Nations Industrial Development Organization (UNIDO) and the United Nations Institute for SINGAPORE - Singapore and Brunei will deepen cooperation in the areas of energy, the green economy, and food and medical supply resilience, the Ministry of Trade and Industry (MTI) said on Wednesday (Aug 24). This is evident in the Brunei Darussalam Economic Blueprint which has been promoting the green, blue, and circular economy. Last week, the UK-Brunei Green Economy Framework Report (BGEF) was launched at MOFE. Brunei's digital transformation initiative begins here. The Joint Leaders statement on Although its dominant oil and gas sector will likely remain at the forefront of economic growth over the medium term, Brunei Darussalam has prioritised sector diversification and development of renewable energy projects in recent years, as highlighted by the 2014 “Energy White Paper”, as well as a climate change plan released prior to the COP21 Strategic framework The Association of Southeast Asian Nations (ASEAN) sees ocean and seas as key drivers of economic growth and innovation as well as recognizes the need to ensure ocean sustainability. While Goal 12 (Responsible Consumption and Production) has shown SINGAPORE - Singapore and Brunei will deepen cooperation in the areas of energy, the green economy, and food and medical supply resilience, the Ministry of Trade and Industry (MTI) said on Wednesday (Aug 24). A unique environmental treasure, Brunei's lush green legacy boasts a rich biodiversity, offering a natural haven with a diverse range of flora and fauna. This Brunei Darussalam National Climate Change Policy underpins the principles, values, and strategies to reduce carbon emissions, increase carbon sink and strengthen climate resilience nationwide. Brunei Darussalam, with about 80% of its land . 1). Hakim Hayat Climate change impacts the way we live today and will shape the way how the future generations will live. Brunei Green Economy Framework- I was fortunate to be able to contribute to the Brunei Green Economy framework, which was published in April 2024 by the British High Commission Brunei and ARUP Last week, the UK-Brunei Green Economy Framework Report (BGEF) was launched at MOFE. Learn about the scope of Digital Brunei, the Digital Economy, the initiatives and measures, milestones achieved and many more! Last year, ASEAN adopted the Framework for Circular Economy for the ASEAN Economic Community11 (Framework hereafter) to address the pressing issue of sustainability, and to provide guidance on the region’s journey towards long-term sustainable development. The components of the framework should include, 4. Brunei Investment AgencyEmployees Trust FundBrunei Darussalam Deposit Protection CorporationDarussalam AssetsBrunei Economic Development BoardCentre for Strategic and Policy Studies Income Tax Board of Review OverviewBoard MembersRelevant FormsRegulations and LegislationsFAQsContact Us While circular economy initiatives already exist in the AEC, most of the circular economy programmes in ASEAN have been focused on the environmental perspective, with limited role of trade, technological innovations, and financial markets – which are imperatives for accelerating the circular transformation. As a result, additional criteria and new major categories have been developed to produce final BEA framework for Brunei in Figure 2 which illustrates the framework comprising of 7 key categories and 37 applicable criteria that cover aspects of sustainability including environment, economic and social. Explore the impacts of climate change in Brunei, a nation facing rising sea levels and environmental challenges. Brunei Darussalam’s Economic Blueprint, launched in early January 2021, provides guidelines on how the country can develop a diversified and sustainable economy. In the Wawasan Brunei 2035 Framework, Goal 3 has four (4) National Outcomes, eleven (11) Key Areas which are being monitored through fifteen What is on the road to a Smart Nation? Digital Brunei lays out the Flagship Projects, Upcoming Projects, and the Key Success Measures that defines a smart nation in Brunei. This article investigates the principles of green tourism, as well as its components and possibilities for a green economy and sus-tainability. This publication explores how Brunei Darussalam, Indonesia, Malaysia, and the Philippines can bolster cooperation in their special economic zones (SEZ) to spur sustainable growth. In addition, Cambodia, Indonesia, Thailand, and Viet Nam published national strategies or plans focussing on the circular economy (Table 5. 21, paragraph 27 as contained in Annex 1 of decision 4/CMA. This creates uncertainty and potential risks for investors and market participants, hindering market growth and investment in renewable energy projects. The Committee would like to acknowledge the collaboration from Ministries, Agencies, Non Overview On 23 May 2022, 14 Indo-Pacific countries, including New Zealand, announced the start of talks toward launching negotiations on the Indo-Pacific Economic Framework for Prosperity (IPEF). Brunei Darussalam, ASEAN’s smallest member state, is seeking to diversify its economic base away from oil and gas. The BGEF report aligns with the Brunei System Value Analysis and focuses on four key areas: transitioning to renewable energy, carbon capture storage services, clean hydrogen, and recycling consumer industrial waste. Commissioned by the UK’s Foreign, Commonwealth and Development Office, this report from Arup identifies four opportunities related to oil and gas and its downstream sectors that can lay the foundation for Brunei’s The British High Commission in Brunei hosted a networking session and workshop focused on the UK-Brunei Green Economy Framework Report. Minister at the Prime Minister’s Office and Minister of Finance and Economy II and Chairman of BIBD YB Dato Seri Setia Dr Haji Mohd Amin Liew To capitalise on these opportunities, the Framework for Circular Economy for the ASEAN Economic Community was established in 2021 as a guiding principle for ASEAN Member States to transition towards circularity. Developed by ARUP in consultation with Brunei's Ministry of Finance and Economy (MOFE), local stakeholders, and international experts, the BGEF outlines strategies for a more sustainable and resilient economy in Brunei. Brunei is accelerating the development and implementation of policies to increase the competitiveness of its small and medium enterprises (SMEs) to diversify the economy amidst lower oil and gas prices, according to • Benin unveils green finance framework to mobilize funds for climate initiatives • Ten priority sectors include renewable energy, transport, water, and agriculture • Move builds on July 2024 climate finance roundtable with World Bank and IMF Benin has launched its green finance framework to raise funding for eco-friendly and Brunei is embracing green building initiatives to promote sustainability in the construction industry. The ASEAN and APEC Business Councils of Brunei Darussalam recently hosted forum dubbed ‘A Conversation on Accelerating Fintech and Green Finance in Brunei’ in collaboration with the Ministry of Finance and Economy SUSTAINABLE & GREEN BUSINESS Turning Over A Green Leaf A staggering 2. The Blue Economy remains a rough, hazy Minister at the Prime Minister’s Office and Minister of Finance and Economy II A lhamdulillah, with the blessings of Allah Subhanahu Wata’ala, it is with great pleasure that I present the 'Economic Blueprint for Brunei Darussalam — Towards a Dynamic and Sustainable Economy’. Over the years, a lot of work has been done to catalyse digitalisation within ASEAN including through the ASEAN Digital Integration Framework Action Plan (DIFAP) 2019-2025, the adoption of the ASEAN Digital Bank Islam Brunei Darussalam (BIBD) recently announced a target commitment of B$2 billion towards sustainability funding by 2030, as part of the Group’s Sustainability Framework (SF). Discover the government's comprehensive policies for emissions reduction, renewable energy targets, and community engagement efforts. The report, developed by Arup in collaboration with Brunei's Ministry of Finance and Economy, offers recommendations for transitioning Brunei towards a greener and more resilient economy. The Introduction The UK - Brunei Green Economy Framework Report, published in April 2024, highlights the strategic partnership between the UK and Brunei Darussalam in addressing the global shift towards sustainability. Stay informed with in-depth analysis, reports, and resources covering key aspects of the ASEAN region. Creating a sustainable framework for the Halal industry involves integrating principles from both the blue and green economies to ensure that Halal products and services are environmentally friendly and sustainable. From there, the SVA can be used for dialogues to drive alignment, decisions and meaningful change between private The Framework involves the commitment of the Ministries of the Government of His Majesty the Sultan and Yang Di-Pertuan of Negara Brunei Darussalam, and the partnership with domestic and international investors to plan and execute We at BSA | The Software Alliance1 (BSA) and the Global Data Alliance (GDA)2 would like to express our appreciation to Brunei for your ongoing work in negotiating the ASEAN Digital Economy Framework Agreement (DEFA). During the Legislative Council session, members discussed the Digital Economy Masterplan 2025 and its potential for transforming Brunei into a Smart Nation. 1 Supply Chain Management Istiqlal (2023) asserts that incorporating the blue economy ideas Under the theme Building a Future-Ready Economy: Investment, Innovation and Inclusive Growth, the Brunei Business Conference 2025 will convene senior policymakers, business leaders, and regional partners for a one-day strategic Brunei is now is focusing on sustainability as a core policy aspiration as the country gears up for the future, said its economic minister. In May 2022, the United States launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam. SHANGHAI, CHINA – Media OutReach Newswire – 23 July 2025 – The Asia Pacific Enterprise Awards (APEA) and Asia Responsible Enterprise Awards (AREA) China Chapter successfully concluded its latest edition, Brunei Darussalam has made clear commitments to achieving the United Nations Sustainable Development Goals (SDGs) and advancing national climate change objectives. economic growth and vice versa. The Blueprint sets out a vision of a dynamic and diversified financial sector for Brunei Darussalam by 2025 to support Wawasan 2035’s goal of transforming Brunei Darussalam into a diversified, dynamic and sustainable economy. The Brunei Green Economy Framework project and the launch of the Green Economy Report represent United Kingdom's commitment to be Brunei Darussalam's partner as it transitions to a low carbon economy. The blueprint is part of the government’s Brunei Vision 2035, which aims to diversify the country’s economy away from petroleum. The key opportunities identified are specific focus areas to help Brunei accelerate its green The Minister at the Prime Minister's Office and Second Minister of Finance and Economy as Co-Chairman of the Brunei National Council on Climate Change stated the matter Brunei launched its first Green Economy Framework (BGEF) on April 16th, a collaborative effort between the British High Commission and the Ministry of Finance and Economy. Current Circular Economy Situation in ASEAN ASEAN has developed the Framework for Circular Economy for the ASEAN Economic Community in 2021 (ASEAN, 2021). The System Value Analysis of Brunei will be shared and made available to the public on the WEF website next week. Discover valuable insights and perspectives to enhance your understanding of business opportunities between the UK and ASEAN. For Brunei Darussalam, its blue economy objectives are industrial development, sustainability, and food security. The British High Commission in Brunei hosted a workshop on April 17th focusing on the UK-Brunei Green Economy Framework (BGEF) Report. Technological advancements seek to improve lives and create valuable opportunities in embracing an era of digital transformation. Brunei, [b] officially Brunei Darussalam, [c][d] is a country in Southeast Asia, situated on the northern coast of the island of Borneo. In September 2023, it was announced that the Whole-of-nation Approach The concept of a resilient urban economy is integral to holistic planning, aligning with the whole-of-nation approach for future development goals. While real GDP rebounded moderately, driven mainly by the non-O&G sector, challenges persisted in downstream Brunei Darussalam’s post-pandemic economic recovery remains robust, supported by low inflation and a stable macroeconomic environment. This is The 9th National Development Plan of Brunei Darussalam acknowledged the halal industry as a development resource and it is one of the main factors behind the nation's economic diversification Aligned with Brunei’s national vision, Wawasan 2035, the Centre supports the nation’s transition towards a green economy, championing research in renewable energy, sustainable resource management, and climate resilience while reinforcing global commitments to sustainability.
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