Posted inAT Finance, Beijing, Brunei, China, European Union, Indonesia, Japan, Malaysia, Northeast Asia, Philippines, Singapore, South Asia, United Kingdom, Vietnam, World

China throws sinking Brunei a lifeline

Brunei’s ruler, Sultan Hassanal Bolkiah, is in a race against time as his nation’s once deep stores of oil and gas rapidly run dry. While other foreign investors up stakes, China is giving the Southeast Asian sultanate a new lease on economic life. International banks such as HSBC and Citibank have recently ceased operations in […]