Economy
Before the establishment of the oil and gas industry, Brunei-Muara was the center of the coal industry, which was first mined in 1837. Until 1924, up to 650,000 tonnes of coal was produced.
Today the district is the largest commercial district within Brunei, with the busy commercial centers of Gadong and Kiulap within the city centre. Brunei's largest shopping mall, The Mall is located in Gadong Town. A number of hotels are also located, such as the Sheraton Utama Hotel, Rizqun International Hotel and Empire Hotel and Country Club. Tourism is also one of the largest contributors to the district's GDP, since the district contains the most number of tourist attractions in the country.
All of the government ministry headquarters are located in this district, such as the Ministry of Finance Brunei. Some of the international corporations' local headquarters are located in the nation's capital, Bandar Seri Begawan, namely Royal Brunei Airlines, HSBC, Standard Chartered Bank, Bank Islam Brunei Darussalam and many other corporations and businesses.
Read more about this topic: Brunei-Muara District
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)