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AMBD cuts interest rate for credit cards

GOH DE NO BANDAR SERI BEGAWAN Saturday, January 28, 2012 THE Monetary Authority Brunei Darussalam (AMBD) has reduced the rate of interest applicable to credit cards from the current rate of two per cent, to not more than 1.5 per cent on the total outstanding amount. For Islamic institutions, the administration fee on credit cards .

US, Hong Kong eye trade with Sultanate

BANDAR SERI BEGAWAN Friday, January 27, 2012 BRUNEI has been catching the attention of potential trade partners as a founding member of the Trans-Pacific Partnership, the Oxford Business Group (OBG) said. In its latest economic update on Brunei that was posted on its website, OBG noted that the Sultanate is now on the radar screen .

Cream puff chain Beard Papa to open

BANDAR SERI BEGAWAN Friday, March 4, 2011 POPULAR Japanese cream puff chain, Beard Papa, is set to open its first outlet in the country tomorrow, brought in by a franchise holder which is also looking at East Malaysia. Tan Kheng Tong, operations manager of Beard Papa Brunei franchise holder, White Tangerine, said he and his .

Business networking group set up

BANDAR SERI BEGAWAN Saturday, August 7, 2010 A BUSINESS networking group met for the first time at the iCentre yesterday with aims of sharing ideas and bringing people of all different business backgrounds together. Keeran Janin, managing director of Expansys Technologies, in partnership with the iCentre brought about the idea of forming a group called .

Turn back the clock for Bandar

BANDAR SERI BEGAWAN Saturday, August 7, 2010 Ho Yapp Meng, Mei Kong Café BUSINESS activities in Bandar have dwindled over the years with new commercial areas like Gadong, Kiulap and Serusop emerging. Ho Yapp Meng, owner of Mei Kong Cafe in the middle of town, has seen the town evolve since almost 60 years ago. .

TPP seen to usher in business from West

BANDAR SERI BEGAWAN Saturday, August 7, 2010 BRUNEI is looking forward to attracting new trade partners and investments from the West with the anticipated conclusion of the ongoing negotiations for the Trans-Pacific Partnership (TPP). There is a potential for a lot more business trade and investment opportunities with the United States once the TPP is .

Up to 8 potential hydrocarbon zones in Lukut-1

Up to eight potential hydrocarbon-bearing zones have been discovered in the Lukut-1 well based on the preliminary results of a recent wireline logging programme, AED Oil Ltd said yesterday. Gas shows were reported at 1,745m, 1,945m and from 2,150m to 2,185m. Testing of the well is scheduled to begin in July 2010 and discussion is .

Dubai-based firm to invest in BIBD

BANDAR SERI BEGAWAN Friday, June 25, 2010 FAJR Capital Limited is in the final stages of discussion with the Brunei government represented by the Ministry of Finance for a minority investment in the Sultanate’s largest financial institution, Bank Islam Brunei Darussalam (BIBD). This was announced yesterday in a statement released by Fajr Capital, which said .

What about generating energy from your waste?

BANDAR SERI BEGAWAN Wednesday, June 9, 2010 THE Brunei Economic Development Board (BEDB) is looking to do a feasibility study, funded by the Spanish government, on turning waste into energy through incineration. This study will follow the creation of a modern waste management facility at Sungai Paku which Dato Paduka Timothy Ong, the board’s acting .

Modern landfill project okayed

BANDAR SERI BEGAWAN Wednesday, June 9, 2010 A MODERN waste management facility project, located at Sungai Paku and worth $66.5 million, has been approved by His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, the Brunei Economic Development Board (BEDB) announced yesterday. Dato Paduka Timothy Ong, acting chairman of the board, said, “BEDB would .


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