Brunei increases defence spending by 4.7 ptc in 2016
Brunei's Ministry of Defence has mobilised a defence budget of 564 million Brunei dollars (409 million USD ) for the 2016-2017 fiscal year, a 4.7 percent increase year-on-year.
Brunei increases defence spending by 4.7 ptc in 2016 (Source :bt.com.bn)
Hanoi (VNA) – Brunei's Ministry of Defence has mobilised a defence budget of 564 million Brunei dollars (409 million USD ) for the 2016-2017 fiscal 💙year, a 4.7 percent increase year-on-year.
Speaking at an ongoing meeting of the Legislative Council, Deputy Minister of Finance Abdul Rahman revealed that despite an increase of 27 million Brunei dollars in defence spending, the ministry will impose “austerity measures" in the context of weak global oil prices.
He added that the proposed budget was aimed at defending Brunei' s sovereignty and territorial integrity, but would also advance defence diplomacy and maintain Brunei's participation in international peacekeeping.
As low energy prices continue to weigh on Brunei's oil and gas dependent economy, a national budget of 5.6 billion Brunei dollars (4 billion USD) for the new fiscal year was proposed, which is an 800 million Brunei dollar (579 million USD) cut from the previous fiscal year.-VNA
Malaysia and Brunei will continue fostering bilateral ties in the aspects of common interest and for mutual benefit, Malaysian media reported on August 11.
The Vietnamese Embassy in Brunei is working closely with its host country’s competent agencies to ensure the legitimate rights and interests of the detained Vietnamese fishermen are respected, Spokesman of the Vietnamese Foreign Ministry Le Hai Binh said.
The armies of Vietnam and Brunei should forge closer links by increasing exchange of high-level visits, Defence Minister General Phung Quang Thanh has said.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Brunei increases defence spending by 4.7 ptc in 2016 (Source :bt.com.bn)
