Brunei Darussalam attained its current position as a result of what Dato Paduka Timothy Ong, the Acting Chairman of BEDB described as the three waves of investment into the Brunei economy.Dato Ong said this when he delivered a brief address during the 2009 Local Business Development 
Programme entitled Building Brunei Businesses: New opportunities, winning strategies, best practices, organised by Asia Inc Forum at the Sheraton Hotel.He wanted to deliver a message that Brunei's economy is at a time of risk change. He said, Bruneians should have an appetite for risk and they need to have ambition and hunger for it.Over the last century, Brunei has become amongst some of the richest countries in the emerging world. In the Muslim world, Brunei, according to the Human Development Index was ranked as number one, with Kuwait coming in second and Qatar in third place, said Dato Ong.Brunei is also ranked number two in Asean and fourth in Asia. Talking on how Brunei achieved this, he laborated on the three waves."The first wave took place 80 years ago when Brunei was still a very poor country and it took place where a very large oil well was discovered in Seria by a subsidiary of Brunei Shell," he said. This was the very first establishment of Brunei's oil and gas industry.He also said that today it is one of the most successful oil and gas industries in the world and 80 years later, the sultanate's oil and gas upstream business is still the main engine for the Brunei economy.
Programme entitled Building Brunei Businesses: New opportunities, winning strategies, best practices, organised by Asia Inc Forum at the Sheraton Hotel.He wanted to deliver a message that Brunei's economy is at a time of risk change. He said, Bruneians should have an appetite for risk and they need to have ambition and hunger for it.Over the last century, Brunei has become amongst some of the richest countries in the emerging world. In the Muslim world, Brunei, according to the Human Development Index was ranked as number one, with Kuwait coming in second and Qatar in third place, said Dato Ong.Brunei is also ranked number two in Asean and fourth in Asia. Talking on how Brunei achieved this, he laborated on the three waves."The first wave took place 80 years ago when Brunei was still a very poor country and it took place where a very large oil well was discovered in Seria by a subsidiary of Brunei Shell," he said. This was the very first establishment of Brunei's oil and gas industry.He also said that today it is one of the most successful oil and gas industries in the world and 80 years later, the sultanate's oil and gas upstream business is still the main engine for the Brunei economy.For further details visit as : http://www.brunei-online.com/bb/thu/may28h10.htm
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