(MENAFN) Brunei's crude oil and natural gas production accounted for about 90pct of its GDP, which is translated into nearly 167,000 barrels of oil that are produced daily, thus making it the 4th-largest producer of oil in Southeast Asia.
Accordingly, Brunei's small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition, and this perfect combination has significantly lifted the small nation.
Additionally, substantial revenue from overseas investment supplements income from domestic production, and most of these investments are made by the Brunei Investment Agency, an arm of the Ministry of Finance.
However, the country's leaders are very concerned that steadily increased integration in the world economy will undermine internal social cohesion, but they have already prepared a comprehensive strategy to deal with this.
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