Some companies have expressed the challenges they face when hiring local and foreign employees while a small number are reducing headcounts due to poor business performance.
According to Brunei Darussalam’s Business Sentiment Index (BSI) for July 2023 published yesterday by Brunei Darussalam Central Bank (BDCB), the employment sub-index was 50.3 for the current month, and 50.3 for 1M ahead. Continuing the trend from previous months, businesses generally expected to increase their employee headcount in July and August 2023. This is in line with new projects and expansion efforts.
The index is based on surveys conducted on almost 500 micro, small, medium, and large businesses from 11 economic sectors across all districts.
-- Courtesy of Borneo Bulletin