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Selamat Datang Ke JPKE. Selamat Datang Ke JPKE. Jpke .jpm. ECONOMIC DEVELOPMENT IN BRUNEI DARUSSALAM . ECONOMIC STRUCTURE & PERFORMANCE NATIONAL DEVELOPMENT PLANS & ACHIEVEMENTS. Jpke .jpm. The Brunei Economy in 2004. GDP = BND 8,769 million POPULATION = 357,800
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Selamat Datang Ke JPKE Selamat Datang Ke JPKE
Jpke .jpm ECONOMIC DEVELOPMENT IN BRUNEI DARUSSALAM ECONOMIC STRUCTURE & PERFORMANCE NATIONAL DEVELOPMENT PLANS & ACHIEVEMENTS
Jpke .jpm TheBrunei Economy in 2004 • GDP = BND 8,769 million • POPULATION = 357,800 • Per Capita GDP= BND 24,508
GDP GROWTH 1985-2004 Jpke .jpm
WORLD’S OIL PRICE 1985-2004 Jpke .jpm
SECTORAL CONTRIBUTION TO GDP Jpke .jpm 76.1% PRIVATE NON-OIL SECTOR GOVERNMENT % OIL & GAS 41.0% OIL-SECTOR Based on current prices
STRUCTURE OF THE NON-OIL PRIVATE SECTOR (1996-2003) Jpke .jpm
THE STRUCTURE OF NBD EXPORT (1991-2004) Jpke .jpm NON-OIL & GAS OIL & GAS
THE STRUCTURE OF NBD IMPORT (1991-2003) Jpke .jpm NON-CONSUMER GOODS CONSUMER GOODS
STRUCTURE OF GOVERNMENT REVENUE (1991-2004) Jpke .jpm NON-OIL AND GAS OIL AND GAS
INFLATION RATES IN BRUNEI DARUSSALAM 1985 - 2004 Jpke .jpm AVERAGE ANNUAL GROWTH RATE = 1.5 PER CENT
POPULATION STRUCTURE OF BRUNEI DARUSSALAM Jpke .jpm NON-CITIZENS % BRUNEI CITIZENS/PR
LABOUR FORCE, EMPLOYMENT & LOCAL JOB SEEKERS IN BRUNEI DARUSSALAM 2000-2003 Jpke .jpm Annual av. growth rate 1991-2003 = 4.4%, Public Sector = 1.9%, Private Sector = 5.7%
THE EMPLOYMENT STRUCTURE IN NBD BY RESIDENTIAL STATUS Jpke .jpm NON-CITIZENS BRUNEI CITIZENS/PR
LOCAL EMPLOYMENT BY OCCUPATIONAL CATEGORIES (1991 & 2001) Jpke .jpm
Jpke .jpm NATIONAL DEVELOPMENT PLAN
NATIONAL DEVELOPMENT PLANS Jpke .jpm NDP2 NDP 1 NDP 3 NDP 4 NDP 5 NDP 7 NDP 6 NDP 8 1953- 1958 1962- 1966 1975- 1979 1980- 1984 1986- 1990 1991- 1995 1996- 2000 2001- 2005 2006-2035 VISION OPP NDP SECTORAL PLANS LONG TERM OBJECTIVES 1986-2005
LONG TERM DEVELOPMENT OBJECTIVES (1986-2005) Jpke .jpm • Improve the quality of life; • Maximize (optimize) the economic utilization of national resources; • Develop new export-oriented and import substitution industries; • Accelerate human resources development to meet the demand of an increasingly sophisticated economy; • Maintain full employment and increase productivity level; • Maintain a moderate rate of inflation; • Foster a dynamic, disciplined and caring society with its citizens as agents for progress and development; • Encourage and nurture the development of “Rakyat Melayu” as leaders of industry and commerce; and • Have a clean and healthy environment.
DEVELOPMENT BUDGET BY SECTOR Jpke .jpm BUDGET ALLOCATION BND 5.7 BILLION BND 7.2 BILLION BND 3.7 BILLION BND 7.3 BILLION %
SOCIO-ECONOMIC ACHIEVEMENTS Jpke .jpm GDP PER CAPITA 1982 - 2004
SOCIO-ECONOMIC ACHIEVEMENTS Jpke .jpm
SOCIO-ECONOMIC ACHIEVEMENTS Jpke .jpm Note: * Figure for 1990
EDUCATIONAL ENROLMENT (%TOTAL) SOCIO-ECONOMIC ACHIEVEMENTS Jpke .jpm
TERTIARY STUDENTS IN SCIENCE, MATHS AND ENGINEERING AS % OF ALL TERTIARY STUDENTS (1994-1997) Jpke .jpm
HUMAN DEVELOPMENT INDEX 2004 Jpke .jpm >>>33rd out of 177 countries<<< • Components of HDI:- • GDP Per Capita • Life Expectancy • Literacy rate • Educational Enrolment Source: United Nations Development Programme, UN
Jpke .jpm THE CHALLENGE MAINTAINING PROSPERITY
Jpke .jpm SUSTAINABLE DEVELOPMENT VIA ECONOMIC DIVERSIFICATION
EMPHASIS IN THE EIGHTH NATIONAL DEVELOPMENT PLAN(2001 - 2005) Jpke .jpm
Strengthening Government Finances Jpke .jpm • 1. Review of Government expenditures & budgeting system • Prioritization of NDP Projects • National Audit Committee • 2. Study of alternative means of financing development programs • Private Finance Initiatives • 3. Corporatisation, Commercialisation of Government Agencies & Activities
Strengthening the Private Sector Jpke .jpm • Expand the size of the Private Sector • Corporatisation/Privatisation • Encourage Local and Foreign Investment • Improve Investment Climate • Enhance SME’s Capability • Study to Enhance Local Participation • Study to Enhance Productivity
Improving Legal and Administrative Systems and Procedures jpke.jpm • Improving Investment Climate • Investment Incentives Order 2001 • Economic Development Board (amendment) Order 2001 • Industrial Coordination Order 2001 • Industrial Land Ownership • Income Tax Order (amendment) 2001 • Review of other laws and regulations related to businesses
Provision of Adequate and Well Planned Infrastructure and Public facilities Jpke .jpm • ICT Infrastructure and Facilities • BIT Council • e-Government • e-Business • Export Import hubbing Facilities • Tourism Infrastructure • Industrial Infrastructure and Facilities
Effective Implementation of HRD Jpke .jpm • HRD National Policy Review • Engaging HRD Expert • HRD Fund (BND250 million) • Special Scholarship • Entrepreneurship Development • Specialists & Experts Development • Skill Development
Developing the Promoted Sectors Jpke .jpm • Brunei International Financial Center* • Tourism Industry* • Transshipment* • ICT* • Halal Food* • Oil & Gas Related Activities*
INSTITUTIONAL SUPPORTS Jpke .jpm • Brunei Economic Development Board • Government Linked Companies • Semaun Holdings • Financial Institutions - TAIB, IBB, IDBB • Others
Recent Initiatives Jpke .jpm • Mid-Term Review (June 2003) • Evaluate the progress of implementation & achievements • Ensure effective Programs/Projects implementation
Future Directions Jpke .jpm • National Vision • Long Term Plan (Outline Perspective Plan) • Economic Diversification - Knowledge Based Economy • Promoted Sectors Development • Human Capital Development • R & D Capacity Enhancement • Enabling Technologies
Jpke .jpm Thank You
Brunei International Financial Centre Jpke .jpm • 1. Formulation of Relevant Laws • 2. Institute/Centre for Islamic Finance • Establishment of Islamic Development Bank • Infrastructure Regional Office 3. HRD • Islamic Financial Centre, UBD • Trainings & Seminars
Development of the Tourism Industry Jpke .jpm • Ecotourism Destination Development • Manpower Development for Tourism Industry • Promotion and Event Creation Scheme Value : BND 63 million
Transshipment Jpke .jpm • Improvement of Port and Airport Facilities • Development of Container Freight Stations • Computerization Program • Scheme Value : BND60 million
Halal Food Development Jpke .jpm • Poultry Based Production and Processing • Fisheries Based Production and Processing • Research and Development • Food Safety Program • Strategic Alliance • Allocation : BND 143 million
Development of Oil & Gas Related Industries Jpke .jpm • Feasibility studies of expanding down- • stream industry. • Pulau Muara Besar Project • Government Corporation to spearhead the • development of downstream industry • Scheme Value : BND300 million
Development of ICT Jpke .jpm • Expansion and Upgrading of Network and • Corporate Infrastructure • e-Government & e-Business • ICT Educational Facilities • Digital Transmission System • Cyber Park • Scheme Value : BND1.1 billion
Brunei International Financial Centre Jpke .jpm • Formulation of relevant laws • Money Laundering Order 2000 • Criminal Conduct (Recovery of Proceeds) Order 2001 • International Business Companies Order (2000) • International Limited Partnership Order (2000) • International Trust Order (2000) • Registered Agent Order (2000) • Trust Licensing Order (2000) • Mutual Funds Order (2001) • Securities Order (2000) • International Insurance and Takaful Order (2002)
Setiausaha Tetap Jabatan Perdana Menteri KETUA PENGARAH JABATAN PENTADBIRAN DAN TEKNOLOGI INFO-KOMUNIKASI TIMBALAN KETUA PENGARAH 2 TIMBALAN KETUA PENGARAH 1 JABATAN PERANCANGAN JABATAN PERANGKAAN JABATAN PERLAKSANAAN DAN PENGAWASAN JABATAN DASAR DAN PENYELARASAN STRUKTUR ORGANISASI JABATAN PERANCANGAN DAN KEMAJUAN EKONOMI