ASEAN+3 Macroeconomic Research Office

Press Releases

ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook

April 8, 2024

The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.

Blogs

An Upgrade of BSP’s Monetary Policy Operations – Why Does It Matter?

February 19, 2024

Pim-orn Wacharaprapapong

With excess liquidity in the Philippine banking system, the BSP must borrow or ‘withdraw’ liquidity from the market to prevent market rates from falling below the policy rate.

Blogs

Brunei’s Stagnant Economy is Ripe for Change

February 15, 2024

Wee Chian Koh

Economic stagnation raises questions about Brunei’s future prosperity. The hydrocarbon-based economic model, which has served the country well for decades, is ripe for change.

Press Releases

Brunei Darussalam: Economic Recovery is Underway, but Remains Uneven

December 13, 2023

Brunei’s economic recovery is underway with the non-oil & gas sector continuing to show positive performance driven by the services sector, reflecting robust activities in the finance and transport subsectors.

Blogs

Tackling Climate Change in Brunei—Some Suggested Recommendations

May 29, 2023

Andrew Tsang, Kana Yoshioka, Laura Grace Gabriella

Although the climate-related natural hazard risk of Brunei remains low, and below the world average, the climate transition risk is perennial. AMRO made some suggestions on how to better address the climate change challenges in the country.

Videos

Watch Spotlight on Brunei Darussalam: Non-Oil and Gas Sector Leads Economic Recovery

May 19, 2023

Watch the highlights of AMRO's 2022 Annual Consultation Report on Brunei Darussalam. AMRO forecasts Brunei's economy to grow by 2.8% in 2023, boosted by the recovery in the services…

Blogs

How Brunei Can Reduce its Fiscal Dependence on Oil

May 15, 2023

Andrew Tsang

Brunei Darussalam’s dependence on the oil and gas (O&G) sector also means that the economy is susceptible to global energy price shocks.

Press Releases

Brunei Darussalam: Non-Oil and Gas Sector Leads Economic Recovery

May 8, 2023

Economic activities in Brunei Darussalam have picked up since mid-2022. Thanks to high vaccination rates, daily new cases of COVID-19 have declined sharply since April 2022, enabling containment measures and border restrictions to be lifted.

Annual Consultation Reports

AMRO’s 2022 Annual Consultation Report on Brunei Darussalam

May 8, 2023

Andrew Tsang, Anthony Tan, Kana Yoshioka, Laura Grace Gabriella, Vanne Khut

Brunei Darussalam is expected to record a negative growth of 1.2 percent in 2022. The weak growth in 2022 mainly reflects the unexpected downturn in the upstream O&G production in H1 2022.

Press Releases

Brunei Darussalam Benefiting from Fuller Economic Re-Opening and Higher Energy Prices

January 13, 2023

After the setback to growth last year due to the outbreak of the Delta variant of COVID-19, economic activities in Brunei Darussalam are gradually picking up, particularly in the non-oil and gas (O&G) sector.

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