Brunei Darussalam. Definitions and sources of data

Transcription

1 Brunei Darussalam Definitions and sources of data Data on foreign direct investment (FDI) in Brunei Darussalam are reported by the Department of Economic Planning and Development (DEPD) under the Prime Minister Office. It is the main agency that coordinates, collects and compiles FDI statistics for the country. FDI data were previously collected through the International Transaction Reporting System (ITRS) from commercial banks and only cash transactions were recorded. FDI data are at present compiled based on enterprise survey. All of the three components of FDI flows (equity, reinvested earnings and intra-company loans) are reported. The data are also reported on based geographical origin and industrial sectors, using the International Standard Industrial Classification. No outward flows or stock data are yet reported by DEPD. The Brunei Industry Development Authority (BINA) collects data on approved investment projects in the manufacturing sector, particularly those that are in government s industrial estates. BINA provides the approved investment data to DEPD, who in turn report separately to such regional organization as ASEAN. The Ministry of Industry and Primary Resources, through BINA, is responsible for approving investment projects especially in areas related to the primary sector such as agriculture, fisheries and forestry activities. The provision of investment incentives such as tax holidays are administered by this Ministry. BINA, manages all industrial sites and acts as an one-stop shop for all investors wishing to make use of the country s industrial sites and facilities. There are currently nine industrial sites or estates in the country, providing facilities such as infrastructure, electricity, telecommunications and water. The Brunei Economic Development Board, established in 2002, functions as a first-stop agency and coordinates with the relevant ministries and agencies to assist investors in investing in the country. The International Monetary Fund does not report any data on foreign direct investment for either inward or outward flows to and from Brunei Darussalam.

2 Statistics on FDI and the operations of TNCs

3 Table 1. Summary of FDI Variable Inward Outward 1. FDI flows, (annual average) FDI flows as a percentage of GFCF, (annual average) FDI stock, FDI stock as a percentage of GDP, Source : Based on UNCTAD FDI/TNC database.

4 Table 3. FDI flows, by type of investment, Year Equity Inward investment Reinvested earnings Intracompany loans Total Equity Outward investment Intracompany Reinvested earnings loans Total Source: Department of Economic Planning and Development; ASEAN Secretariat, ASEAN FDI database; and UNCTAD FDI/TNC database. Note: Brunei Darussalam does not report outward FDI flows data.

5 Table 4. FDI stocks, by type of investment, Year Equity Inward investment Reinvested earnings Intracompany loans Total Equity Outward investment Intracompany Reinvested earnings loans Total Source : UNCTAD FDI/TNC database. Note: FDI stocks represent an accumulation of flows since 1992.

6 Table 5. FDI flows in the host economy, by industry, Sector/industry Total Primary Agriculture, hunting, forestry and fishing Mining, quarrying and petroleum Mining and quarrying Secondary Tertiary Construction Trade Business activities Real estate Unspecified tertiary Source: Department of Economic Planning and Development; ASEAN Secretariat, ASEAN FDI database; and UNCTAD FDI/TNC database. Note: Due to rounding, the totals might not correspond to those presented in table 3.

7 Table 6. FDI flows in the host economy, by geographical origin, Region/economy Total world Developed countries Western Europe European Union Austria France Germany Netherlands Spain Sweden United Kingdom North America United States Other developed countries Australia Japan New Zealand Developing economies Latin America and the Caribbean Other Latin America and Caribbean Bermuda Panama Asia South, East and South-East Asia China Hong Kong, China India Indonesia Malaysia Philippines Republic of Korea Singapore Taiwan Province of China Thailand Viet Nam Unspecified Asia Unspecified Source: Department of Economic Planning and Development; ASEAN Secretariat, ASEAN FDI database; and UNCTAD FDI/TNC database. Note: Due to rounding, the totals might not correspond to those presented in table 3.

8 Table 7. FDI flows in the host economy, by industry and by geographical origin, 2001 Region/Economy / Sector/Industry Total Primary Mining and quarrying Secondary Tertiary Construction Trade Business activities Real estate Unspecified tertiary Total world Developed countries Western Europe European Union Other Developed Countries Japan Developing economies Asia South, East and South-East Asia Hong Kong, China Indonesia Malaysia Singapore Taiwan Province of China Unspecified Source: ASEAN Secretariat, Statistics of Foreign Direct Invesment in ASEAN, 2002 Edition, Jakarta.

9 Table 7. FDI flows in the host economy, by industry and by geographical origin, 2002 Agriculture, hunting, forestry and Mining and Unspecified Region/Economy / Sector/Industry Total Primary fishing quarrying Secondary Tertiary Construction Trade tertiary Total world Developed countries Western Europe European Union Other Developed Countries Japan Developing economies Asia South, East and South-East Asia China Hong Kong, China Indonesia Malaysia Philippines Republic of Korea Singapore Taiwan Province of China Thailand Viet Nam Unspecified Source: Department of Economic Planning and Development; ASEAN Secretariat, ASEAN FDI database; and UNCTAD FDI/TNC database. Note: Due to rounding, the totals might not correspond to those presented in table 3.

10 Table 88. Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number) Company Home Economy Industry Sales Employees A. Industrial Jati Freedom Textile Singapore Textiles BHP Steel Building Products Australia Metals.. 17 B. Tertiary Tobishima Brunei Japan Construction Glenn Nusa-Marine Enterprise Malaysia Transport Champion Motor Cook Islands Trade.. 56 Happy Motoring Company Malaysia Trade.. 20 VSL Systems France Trade.. 20 Sime Darby Marketing Malaysia Trade.. 17 Schindler Liftec Switzerland Trade.. 8 International Business Machines United States Other business services.. 4 O'Connors Singapore Trade.... KMS Singapore Other business services.... Lucent Technologies World Services United States Other business services.... C. Finance and insurance Assets Employees National Insurance Company Berhad Germany Insurance.. 30 Sources: The Banker's Almanac, 2003 (London, Reed Information Services, 2003); Thomson Analytics ( Who Owns Whom, 2003 (London, Dun and Bradstreet, 2003).

11 Sources of information Official Brunei Industrial Development Authority ( Brunei Economic Development Board ( Ministry of Industry and Primary Resources ( Department of Economic Planning and Development ( Secondary 1. ASEAN Secretariat, Statistics of Foreign Direct Investment in ASEAN: Comprehensive Data Set, 2002 Edition (ASEAN Secretariat: Jakarta, 2002). 2. ASEAN Secretariat, Facts and Figures: Cost of Investing and Doing Business in ASEAN (Extended Variables), 2001 Edition (ASEAN Secretariat: Jakarta, 2001). 3. ASEAN Secretariat, ASEAN Statistical Yearbook 2001 (ASEAN Secretariat: Jakarta, 2001). 4. BIMP-EAGA Secretariat, "The Brunei Darussalam, Indonesia, Malaysia and the Philippines-East ASEAN Growth Area" ( 5. Brunei Economic Development Board (BEDB), Brunei Darussalam: Your First Choice (BEDB: Brunei Darussalam, 2003). 6. Brunei Economic Development Board, "Investor's guide", undated ( 7. Brunei Economic Development Board, "Business guide", undated ( 8. Brunei Industrial Development Authority, "Industrial sites", undated ( 9. Economist Intelligence Unit, Country Profile 2002: Malaysia and Brunei (EIU: London, 2002).