AGP Executive Report
Last update: 7 minutes agoDownstream Investment: Hengyi Industries has hired Honeywell to supply process technologies, equipment and technical support for Phase II of its Pulau Muara Besar complex. The planned expansion would lift crude-processing capacity to about 20 million tonnes a year, strengthening Brunei’s downstream sector. Trade Links: Brunei and India agreed to advance market access and business exchanges, with agriculture, pharmaceuticals, healthcare and energy among the areas targeted for cooperation. Supply Resilience: Singapore and Brunei have formalised cooperation to keep essential goods flowing during disruptions, covering food, crude oil, fuel and medical supplies. Singapore and Brunei also agreed to recognise each other’s halal certificates, easing certification for businesses and supporting halal trade. Economic Outlook: The IMF says Brunei and Malaysia are benefiting from energy-market shocks as exporters; Brunei’s 2026 growth is projected at 1.9%.
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