Upgrade your membership plan for the full website experience.
View Membership Plans
February 29, 2024

A Skilled, Secure, and Satisfied Workforce

February 29, 2024

The Government of Brunei is in the early stages of implementing two main reforms to pursue its national goal of developing a robust and skilled workforce. Attracting technical talent is essential to the country’s broader industry goals. Brunei also hopes to reduce “brain drain,” or the loss of professionals who leave the country for better career opportunities.

The first reform is the gradual rollout of a new minimum wage, which took effect last year for workers in the banking, finance, and ICT sectors, who are now entitled to at least BND 500 (USD 371) per month. Although initiation of the policy in other industries by the Brunei Department of Labor remains to be seen, application to production and manufacturing would develop the labor workforce. The second reform is an overhaul of the pension fund system, called the National Retirement Scheme, which promises more financial security to the labor market.

Employment and wage stability are topics of concern, especially when working in the exportation of a finite resource (i.e. oil and gas) with a value that ebbs and flows due to global geopolitical conditions. Yet in addition to attaining decarbonization targets, renewable energy industries has been proven to create new, lasting jobs at all stages of production and across demographics.

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.