Brunei’s economic diversification draws Singapore investments
SINGAPORE – After cyber-security firm CyberSafe chose to set up its security operations control room in Brunei in October 2024, it was up and running in five months instead of an anticipated eight-month timeline.Costs came in at 60 per cent of a similar set-up in Singapore, thanks to lower rent and wage costs. The firm is one of a rising number of Singapore companies looking to invest in Brunei, since the country in 2021 started to diversify its economic reliance on its traditional oil and energy resources. Close to 10...



