His Majesty, the Sultan Hassanal Bolkiah has been ranked as one of the wealthiest individuals in the world. The Dorchester is among nine five-star hotels owned by the Brunei Investment Agency, which is a government-owned corporation of the anti-LGBT country Brunei. MISSION. The Brunei Investment Agency (BIA) is a government-owned corporation that reports to the Ministry of Finance of the Government of Brunei. BIA: Sovereign Wealth Fund in Brunei, Asia Agensi Pelaburan Brunei (BIA) is a Sovereign Wealth Fund located in Bandar Seri Begawan Brunei, Asia, and was founded in 1983. The Brunei Investment Agency (BIA), founded in 1983, is a government-owned investment organization that holds and manages the country of Brunei’s general reserve fund and its external assets. In 1985, Brunei investors purchased The Dorchester, on Park Lane, in London for $50 million. Copyright (c) 2018 Ministry of Finance and Economy, Brunei Darussalam. Delivering Superior Return. To safeguard Brunei Darussalam's Sovereign Nationhood Though Dynamic Reserve Management. 1998 - Sultan Bolkiah removes his younger brother, Prince Jefri Bolkiah, as chief of Brunei Investment Agency over concerns about his stewardship of agency; Sultan Bolkiah's eldest … Other real estate holdings include the Grand Hyatt Singapore. Ministry of Finance and Economy, Brunei Darussalam ... KSA-based private investment … To safeguard Brunei Darussalam's Sovereign Nationhood Though Dynamic Reserve Management, Perform task at the highest level of competence with. The Brunei Investment Agency is worth approximately US$40 billion, while the Sultan’s personal wealth is estimated at US$20 billion. The Sultan serves as his own prime minister, minister of defense, foreign minister, and minister of finance. Brunei’s economy is heavily dependent upon exports of crude oil and natural gas; it relies on hydrocarbon revenues for about 60% of its gross domestic product (GDP). Moreover, the agency is highly secretive. Investors Active in Asia-Pacific (APAC) (Top 10K) 9,876 Number of Organizations • $632.7B Total … by AlleyWatch. Yet, these resources generate only a small fraction of the country’s employment, as most of the population works directly for the government. 3 talking about this. Companies similar to or like Brunei Investment Agency Government-owned corporation that reports to the Ministry of Finance of the Government of Brunei. LAWS OF BRUNEI Brunei Investment Agency B.L.R.O. They include two … “Since 1998, rival lawyers have represented the Brunei Investment Agency (BIA), the investment wing of the Sultan of Brunei's autocratic government, and Prince Jefri. The country of Brunei–the full name is Brunei Darussalam, which in Arabic means “Abode of Peace”–is located on the northwestern edge of the island of Borneo. 15th February 2021. Established in 1983, its offices are located in … Pro-competition laws and regulations can contribute to an efficient functioning of logistics sector in Brunei Darussalam in supporting the country’s efforts to diversify the economy … VISION. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Despite the agency's ongoing opacity, we do know that, apart from investments within Brunei, BIA’s portfolio contains diverse holdings in bonds, equities, currency, gold, and real estate; and that it has substantial investments in the United States. The nine hotels are some of the most exclusive in the world and make up the Dorchester Collection, owned by the Brunei Investment Agency, an arm of the government. Sovereign wealth fund of Brunei Darussalam. The Brunei Investment Agency is a government-owned corporation that report to the Ministry of Finance and Economy of the Government of Brunei. The agency also owns a 10% stake in Patersons Securities Limited of Australia, and Bahagia Investment Corporation of Malaysia. 2/2014 CAP. For example, the Brunei Ministry of Finance's website for the Brunei Investment Agency offers only its hours of operation and an email address for business inquiries. with time and remain relevant by continuing to update and upgrade our CORE VALUES. Chinese group wants to transform northern Myanmar into textile producing hub The Public Investment Fund (PIF) of Saudi Arabia is that nation's sovereign wealth fund. Brunei Investment Agency is a sovereign wealth fund from Brunei. No data is … SYDNEY, Australia -- Brunei Investment Agency, the international investment arm of Brunei, completed the sale of nearly 15.9 million shares in Macquarie Bank Ltd. of Australia for A$12.80 … 137 5 BRUNEI INVESTMENT AGENCY ACT An Act to establish a body corporate to be called the Brunei Investment Agency, the … Data on the agency's assets are not reported to the public and the Sultan and his assets, to a certain degree, are also incorporated in the agency…