Top 12 Best Business Companies in Brunei

Best Business Companies in Brunei;-Brunei is a Southeast Asian country located on the north coast of the island of Borneo. It is bordered by Malaysia to the east and south, and has a population of just over 400,000 people. Despite its small size, Brunei is one of the world’s richest countries due to its large reserves of oil and gas.

The country’s economy is heavily reliant on these resources, and as a result, it has one of the highest GDP per capita in the world. Not surprisingly, the majority of Brunei’s top companies are involved in the oil and gas industry. However, there are also a few other notable businesses that are making a name for themselves in other sectors. In this blog post, we will take a look at 12 of the best business companies in Brunei.

Top 12 Best Business Companies in Brunei

1.Oasis Resources Berhad

Oasis Resources Berhad is a Bruneian company involved in the exploration, development and production of oil and gas from onshore and offshore projects in Brunei. The company has a long history dating back to the early days of the oil industry in Brunei, and has been a key player in the development of the country’s oil and gas sector.

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Oasis Resources Berhad is currently one of the largest independent oil and gas companies in Brunei, with a strong portfolio of assets and a proven track record of delivering results. The company is well-positioned to continue its success in the years ahead, as it looks to capitalize on the continued growth of the oil and gas industry in Brunei.Top 12 Best Business Companies in Brunei

2.Tanjong Agas Finance Company

Tanjong Agas Finance Company (TAFC) is a leading provider of Islamic banking and finance products and services in Brunei. TAFC offers a comprehensive range of Shariah-compliant products and services including personal financing, home financing, SME financing, corporate financing, deposit products, and wealth management services.

TAFC has a strong commitment to providing quality products and services that meet the needs of its customers. The company has a team of dedicated and experienced professionals who are committed to providing excellent customer service. TAFC is ISO 9001:2008 certified and is a member of the Association of Islamic Banking Institutions Malaysia (AIBIM).Top 12 Best Business Companies in Brunei

3.Affin Holdings Berhad

Affin Holdings Berhad is one of the top best business companies in Brunei. It is a leading financial services group in Malaysia with a strong regional presence. The Group offers a comprehensive range of products and services including banking, asset management, stockbroking, insurance and Islamic banking. Affin Holdings Berhad is listed on Bursa Malaysia Securities Berhad (Bursa Saham) and has a market capitalisation of approximately RM14 billion as at 30 June 2019.

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The Group has a strong footprint in ASEAN with operations in Malaysia, Singapore, Indonesia, Thailand and Vietnam. In addition, Affin Holdings Berhad has a representative office in Beijing, China. The Group’s customer base comprises individuals, small and medium enterprises (SMEs), corporate and institutional clients.

The Group’s history dates back to 1960 when it was incorporated as Asian Finance Corporation Berhad. In 2004, Affin Bank Berhad was successfully merged with Utama Banking Group Berhad to form Affin Bank Berhad (“ABB”). ABB then acquired Affin-ACF Finance Berhad in 2006 and renamed it as Affin Credit Corporation Berhad (“ACC”). The following year, 2007, saw the establishment of Affin Investment Bank Berhad following the merger between ABB CapitalBerhad and Opus CapitalBerhad.

To-date, the Group has 12 subsidiary companies namely ABBhd., ACCBhd., AIBBhd.,

4.Ayer Hitam Berhad

Ayer Hitam Berhad is one of the top business companies in Brunei. It was established in 1996 and is headquartered in Kuala Lumpur, Malaysia. The company operates in four segments: construction, property development, investment holding, and management services. Ayer Hitam Berhad has a strong presence in Brunei with its construction projects that include commercial buildings, residential properties, highways, and bridges. The company has also developed a good reputation for its quality products and services.Top 12 Best Business Companies in Brunei

5.BIMB Holdings Berhad

BIMB Holdings Berhad is a leading financial services group in Brunei Darussalam. The Group offers a wide range of banking, investment and insurance products and services through its subsidiaries – BIMB Bank Berhad, BIMB Investment Management Berhad and Takaful Brunei Am Berhad.

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As at 31 December 2018, the Group had total assets of BND6.4 billion (US$4.5 billion) and shareholders’ equity of BND2.8 billion (US$1.9 billion). The Group’s core businesses are conventional banking, Islamic banking, takaful and investment management.

Conventional Banking

BIMB Bank Berhad (“BIMB Bank”), the Group’s flagship company, is a dynamic Islamic bank that offers a comprehensive range of Shariah-compliant products and services to individuals, SMEs and corporates. The Bank has a network of 34 branches and 59 ATMs in Brunei Darussalam as at 31 December 2018.

In 2018, the Bank’s total assets increased by 8% to BND3.7 billion (US$2.5 billion), while loans and financing grew by 9% to BND2.8 billion (US$1.9 billion). Deposits also rose by 7% to BND2.6 billion (US$1.8 billion). The Bank achieved a net profit after zakat and tax of BND151 million (US$103

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6.CIMB Group Holdings Berhad

CIMB Group Holdings Berhad is a diversified financial services conglomerate headquartered in Kuala Lumpur, Malaysia. The group offers a comprehensive range of products and services including corporate banking, investment banking, Islamic banking, consumer banking, asset management, insurance, and stockbroking.

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The group has a strong presence in Southeast Asia with operations in Brunei, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand and Vietnam. CIMB Group has a total of 2,400 branches across the region. In Brunei alone, CIMB Bank operates 17 branches and 28 ATMs nationwide.

CIMB Group’s vision is to be ASEAN’s leading universal bank while its mission is to humanise financial services in ASEAN. The group is committed to providing innovative and personalised financial solutions for individuals as well as small and medium enterprises.

CIMB Group Holdings Berhad was founded in 1999 as a result of the merger of three Malaysian banks – Bumiputra-Merchant Bankers Berhad (BMMB), Philippine National Bank (PNB) and GEMFSABank. The merger created Malaysia’s second largest bank by assets with a strong regional presence. CIMB Group has since grown to become one of Southeast Asia’s leading universal banks with over 36 million customers across its various platforms.Top 12 Best Business Companies in Brunei

7.EON Cap Holdings Berhad

EON Cap Holdings Berhad is one of the top business companies in Brunei. The company is involved in a wide range of businesses, including banking, insurance, and investment.

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EON Cap Holdings Berhad has a strong presence in the Brunei economy and is one of the country’s leading banks. The bank has a wide network of branches and ATMs across Brunei. It offers a full range of banking products and services, including savings accounts, loans, and credit cards.

The company also has a significant insurance business. It offers both life and general insurance products. In addition, the company provides investment products and services.

EON Cap Holdings Berhad is a strong supporter of the Brunei economy and is committed to helping the country develop its infrastructure and human resources. The company has been active in carrying out corporate social responsibility initiatives in Brunei.Top 12 Best Business Companies in Brunei

8.Hock Seng Lee Berhad

Hock Seng Lee Berhad is one of Brunei’s largest construction companies. The company has been in operation for over 50 years and has completed numerous prestigious projects in the country, including the Jalan Tutong-Muara Coastal Highway and the Brunei International Airport. Hock Seng Lee is a publicly listed company on the Bursa Malaysia stock exchange and has a market capitalization of over US$1 billion. The company is well-known for its strong financial performance and shareholder returns.Top 12 Best Business Companies in Brunei

9.Hong Leong Financial Group Berhad

Hong Leong Financial Group Berhad is one of the top best business companies in Brunei. It is a leading provider of financial services in Malaysia with a strong presence in Brunei. The company offers a wide range of products and services including personal banking, corporate banking, investment banking, Islamic banking, and more.

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Hong Leong Financial Group Berhad has a strong commitment to providing excellent customer service. It has a team of experienced and professional staff that are always ready to help customers with their financial needs. The company also offers competitive rates on its products and services.

10.IJM Corporation Berhad

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IJM Corporation Berhad is one of the top best business companies in Brunei. The company was founded in 1952 and is headquartered in Kuala Lumpur, Malaysia. IJM Corporation Berhad is involved in the construction, property development, and infrastructure concessions businesses. In 2018, IJM Corporation Berhad recorded a revenue of RM5.72 billion (US$1.43 billion), an increase of 12% from the previous year. IJM Corporation Berhad has a strong presence in Malaysia, with projects such as the Penang Bridge and KLIA2. The company is also expanding its operations into other countries such as Indonesia, Vietnam, and India.Top 12 Best Business Companies in Brunei

Also Read;Top 10 Best Universities in Brunei

10.MMC Corporation Berhad

MMC Corporation Berhad, also known as MMC Corp, is a Malaysian conglomerate with interests in Ports and Logistics, Energy and Utilities, Engineering Procurement and Construction (EPC) as well as Investments. The company was founded in 1968 and is headquartered in Kuala Lumpur.

MMC Corp’s port operations are undertaken by its subsidiary, Malaysia Marine and Heavy Engineering Holdings Berhad (MMHE), which is one of the largest marine engineering companies in Southeast Asia. MMHE has a strong reputation in the design and construction of offshore platforms, FPSOs and LNG carriers.

The company’s energy and utilities businesses are conducted through MMC Power Berhad and Tenaga Nasional Berhad (TNB), Malaysia’s largest electricity utility. MMC Power owns and operates a number of power plants in Malaysia, while TNB supplies electricity to over 11 million customers nationwide.

MMC Corp’s EPC business is undertaken by its wholly-owned subsidiary, Gamuda Engineering Sdn Bhd. Gamuda Engineering is a leading provider of engineering solutions for the oil & gas, petrochemical, power generation and infrastructure sectors.

Finally, MMC Corp has a number of investments in various businesses including healthcare, property development and hospitality.Top 12 Best Business Companies in Brunei

11.AirAsia

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AirAsia is one of the top business companies in Brunei. It was founded in 1993 and has since grown to become one of the largest airlines in Asia. AirAsia operates a fleet of over 100 aircraft and serves over 60 million passengers each year. The company has its headquarters in Kuala Lumpur, Malaysia.Top 12 Best Business Companies in Brunei

FAQs

  • What business is good in Brunei?

The Sultanate of Brunei is a small country located in Southeast Asia. Despite its small size, the country has a thriving economy due in part to its large reserves of oil and gas. The government of Brunei also encourages foreign investment and offers a number of incentives to businesses looking to set up operations in the country.

There are many different types of businesses that are doing well in Brunei. One sector that is particularly strong is the financial services industry. The country is home to a number of banks and insurance companies that serve both the local population and businesses operating in Brunei.

Another area where businesses are prospering is in the tourism industry. Brunei is a popular destination for both business and leisure travelers thanks to its tropical climate, beautiful beaches, and rich culture. There are a number of hotels, resorts, and tour operators that are doing well in Brunei.

If you are considering starting a business in Brunei, there are many different sectors that you could consider entering. With a stable economy and favorable business environment, there are plenty of opportunities for success in this Southeast Asian nation.

  • What is the biggest company in Brunei?

The biggest company in Brunei is the BSP Group. It is a diversified conglomerate with interests in banking, insurance, oil and gas, shipping, manufacturing, and real estate. The group was founded in 1925 by Sultan Hassanal Bolkiah, the current Sultan of Brunei.

  • How do I set up a company in Brunei?

If you’re looking to set up a business in Brunei, there are a few things you’ll need to do. First, you’ll need to choose the type of business entity you want to create. There are four main types of business entities in Brunei: sole proprietorships, partnerships, limited liability companies, and public companies.

Once you’ve chosen the type of business entity you want to create, you’ll need to obtain the necessary licenses and permits from the Brunei government. You can find more information on the requirements for each type of business entity on the Ministry of Commerce’s website.

After you’ve obtained the necessary licenses and permits, you’ll need to register your company with the Registrar of Companies. Once your company is registered, you’ll be able to start doing business in Brunei!

Conclusion

There you have it, our top 12 best business companies in Brunei. We hope this list has given you some insights into the businesses that are doing well in Brunei and will inspire you to start your own company. If you’re looking for more information on starting a business in Brunei, be sure to check out our other articles on the subject.