AGP Executive Report
Last update: 11 hours agoDiplomacy: Foreign Minister Prince Abdul Mateen begins a three-day introductory visit to Singapore on Oct. 21, with meetings planned with senior leaders and briefings on AI and defence. Defence: Brunei’s first Airbus H145M helicopters are expected to arrive in November after acceptance testing in Germany; six aircraft are being acquired to replace retired helicopters. Business: Baiduri Bank has priced its first overseas bond, while Hengyi’s US$5 billion refinery expansion will raise annual capacity to 20 million tonnes and aims for a 50% Bruneian workforce. Honeywell will supply technology and engineering for the project. Economic Diversification: The non-oil and gas sector’s share of GDP rose to 55% in 2025, up from 46% in 2015, while its share of exports climbed to 60%. Football: Brunei will replace Bahrain at next month’s King’s Cup in Thailand, joining hosts Thailand, Oman and Tajikistan.
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