AGP Executive Report
Last update: 11 hours agoEnergy & Industry: Petronas Carigali and MISC have advanced Brunei’s Kelidang deepwater gas project by awarding key subcontracts for the floating production unit, with Jutal Offshore Oil Services handling topsides modules and Malaysia’s MMHE converting a tanker hull and integrating the topsides in Pasir Gudang. Public Transport: Brunei is studying two models to keep public transport reliable—main-route bus services and phased Demand Responsive Transit, alongside upgrades to infrastructure and more technology. Tourism Push: Brunei targets about 1 million tourists and roughly B$630 million in revenue for Visit Brunei Year 2027, with a focus on high-value visitors who spend more locally. Regional Trade Links: Hong Kong opened its Economic and Trade Office in Kuala Lumpur, with coverage including Brunei, as officials said it will deepen ASEAN economic ties. Cross-Border Haze: Indonesia’s El Niño-linked wildfires are forcing school closures in parts of Indonesia and worsening air quality across the region, including Malaysia. Wealth Management: UOB agreed to sell its asset management arm to Allianz Global Investors in a deal covering UOBAM’s franchise across eight Asian markets, including Brunei.
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