Sultanate’s Jobless Rate Shoots Up Warns BEDB Chairman

Bandar Seri Begawan – The unemployment rate among local labour force in Brunei has been continuously increasing for years and currently stands above 10 per cent.

Like other small nations, Brunei needs to diversify its economy not only to become more resilient, but also to create new jobs for an increasingly educated and skilled labour force.

Pehin Major General (R) Dato Awang Haji Mohammad, Chairman of the Brunei Economic Development Board (BEDB), in his keynote address at the International Conference on Contemporary Issues in Economic Development of Small States, said although the oil and gas industry of Brunei provides huge financial resources, not being a capital intensive industry it creates relatively fewer jobs to an increasing population.

One should also recognize that the ability of the public sector to continuously create new jobs is limited especially if it also strives to remain efficient. -- Courtesy of Radio Television Brunei

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