Brunei is heavily dependent on its hydrocarbon resource wealth, which provides more than half of the nation’s income. The government has highlighted its concerns about the nation’s oil dependence, which leaves it vulnerable to economic shocks. Brunei sees diversification as integral to its economic development and has outlined plans to reduce oil dependency and develop other … [Read more...] about Moving Away from Oil: How Can Brunei Diversify its Economy?
Thai PM Prayut Chan-o-cha congratulated Chadchart Sittipunt, who is expected to be confirmed as Bangkok’s new governor following Sunday’s elections, and promised to back his tenure in charge. The Thai PM says his government will provide Chadchart’s office with all the support they need to continue the growth and development of Bangkok. “The prime minister has made it … [Read more...] about PM Prayut congratulates Chadchart on becoming governor