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Brunei, Asia

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Brunei

Brunei, Asia – World Insurance Companies Logos.
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DIRECTORY OF INSURANCE COMPANIES LOGOS AND NAMES

List of Insurance Companies Logos and Names. By clicking on the insurance company logo, you instantly get updated information on insurance issues that can help you in the task of choosing the best insurance, and also, get phone numbers, addresses, and prices, that insurer offers on the Internet.

The logo of each company establishes a fidelity relationship between the customer and the Insurer.

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ECONOMY

​Brunei is a country with a small, wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. It is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP. Per capita GDP is high, and substantial income from overseas investment supplements income from domestic production.

The government provides for all medical services and subsidizes food and housing. The government has shown progress in its basic policy of diversifying the economy away from oil and gas. Brunei’s leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it has taken steps to become a more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum. Growth in 1999 was estimated at 2.5% due to higher oil prices in the second half.

This country is the third-largest oil producer in Southeast Asia, averaging about 180,000 barrels per day (29,000 m3/d). It also is the fourth-largest producer of liquefied natural gas in the world.
Brunei’s Shell Petroleum (BSP), a joint venture owned in equal shares by the Government and the Royal Dutch/Shell group of companies, is the chief oil and gas production company.

It also operates the country’s only refinery. BSP and four sister companies constitute the largest employer in Brunei after the government. BSP’s small refinery has a distillation capacity of 10,000 barrels per day (1,600 m3/d). This satisfies domestic demand for most petroleum products.

Halal brand
Brunei Darussalam in July 2009 launched its national halal branding scheme which allows manufacturers in this country and in other countries to use the premium Brunei Halal trademark to help them penetrate lucrative markets in countries with significant numbers of Muslim consumers. The Halal brand is said to be the first proper attempt to put together a global halal brand that will reap the potential commercial returns of catering to the consumption needs of Muslims worldwide.

As envisioned by the Sultanate, the use of the Halal brand would signify to Muslim consumers the manufacturers’ strict compliance with laws relating to Islamic teachings. This country also aims to build confidence in the brand through strategies that will both ensure the halal integrity of the products and unfaltering compliance with set rules governing the sourcing of raw materials, manufacturing process, logistics and distribution.

A new company, government-owned Brunei Wafirah Holdings Sdn Bhd, has been established as the owner of the brand. Wafirah has entered into a joint venture with Brunei Global Islamic Investment and Hong Kong-based logistics firm Kerry FSDA Limited to form Ghanim International Food Corporation Sdn Bhd. Ghanim International manages the use of the trademark. Producers that want to use the brand are required to first acquire the Brunei halal label (or the certification for compliance with accepted manufacturing and slaughtering practices under Islam) through the Department of Syariah Affairs’ Halal Food Control Section. They can then approach Ghanim for their application to use the brand.

Look for other insurance companies in the region on the page Asian Insurance Companies

Brunei, Asia – World Insurance Companies Logos

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