Brunei makes improvement in infrastructure, competitiveness: WEF
Xinhua,December 06, 2017 Adjust font size:
BANDAR SERI BEGAWAN, Dec. 5 (Xinhua) -- Brunei is making major strides in infrastructure development, scoring high among the Southeast Asian economies along with Indonesia and Singapore, according to the latest global competitiveness report released by the World Economic Forum (WEF).
According to local media on Tuesday, the sultanate scored 4.4 out of 7 in the 2017-2018 report and ranked 60th globally, up from 78th position in the previous report.
The WEF looked into quality as well as availability of roads, railroads, ports, air transport, electricity, and telephone services of each economy to produce an overall ranking.
Brunei scored high in quality of roads with a score of 4.8 and ranking 33rd globally; electricity supply (score 5.4, ranking 53); and mobile phone subscription (score 120.7, ranking 61).
The latest WEF report saw Brunei surging a significant 12 places from last year in the global competitiveness index, ranking 46 out of 137 economies worldwide with a total score of 4.5 out of 7.
Brunei is now in the top five most competitive economies in the ASEAN region behind Singapore (3 globally), Malaysia (23), Thailand (32) and Indonesia (36); followed by Vietnam (55), the Philippines (56), Cambodia (94) and Laos (98). Enditem