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Brunei: Brunei Government
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Brunei Darussalam is divided into four districts namely Brunei/Muara, Tutong, Belait and Temburong. Bandar Seri Begawan is the capital of Brunei Darussalam with an area of about 16 sq. km. And a population of about 46 thousands (1991 census) including Kampong Ayer (Water Village). It is located in the Brunei/Muara District, and is the centre of government and business activities.
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Brunei is today actively involved in international, regional and sub-regional core groups such as the Asia Pacific Economic Co-operation (APEC), ASEAN and BIMP-EAGA rapidly emerging as an active player in the region's affairs. The strong and stable support of the government contributes to the growing interest in Brunei, both as a developing economy and a haven of eco-tourism.
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Brunei has a small well-to-do economy that encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for just over half of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and free education through the university level and subsidizes rice and housing. Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion. Plans for the future include upgrading the labor force, reducing unemployment, strengthening the banking and tourist sectors, and, in general, further widening the economic base beyond oil and gas.
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Brunei's media are neither diverse nor free. The private press is either owned or controlled by the royal family, or exercises self-censorship on political and religious matters. Media rights body Reporters Without Borders says news outlets carry "virtually no criticism of the government".
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The Brunei Government encourages more foreign investment. New enterprises that meet certain criteria can receive pioneer status, exempting profits from income tax for up to 5 years, depending on the amount of capital invested. The normal corporate income tax rate is 30%. There is no personal income tax or capital gains tax.
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While oil and gas exports account for the bulk of government revenues, reserves are dwindling and Brunei is attempting to diversify its economy. It markets itself as a financial centre and as a destination for upmarket and eco-tourism.
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