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