Department of Economic Planning and Statistics

Last updated

Department of Economic Planning and Statistics
Jabatan Perancangan Ekonomi dan Statistik
جابتن ڤرانچڠن ايكونومي دان ستاتيستيك
Emblem of Brunei.svg
National emblem of Brunei
Agency overview
Formed1 January 1997;27 years ago (1997-01-01)
Preceding agencies
  • Economic Planning Unit
  • Economic Development Board
Jurisdiction Government of Brunei
Headquarters Ministry of Finance and Economy, Block 2A, Jalan Ong Sum Ping, Bandar Seri Begawan BA1311, Brunei [1]
Ministers responsible
Agency executives
  • Mariah Yahya, Director General [2]
  • Asrul Adrain, Deputy Director General [3]
Parent agency Ministry of Finance and Economy
Child agencies
  • Corporate Affairs Section
  • Department of Planning
  • Department of Statistics
  • Department of Consumer Affairs
Website deps.mofe.gov.bn

The Department of Economic Planning and Statistics (DEPS) [a] is a government department overseen by the Ministry of Finance and Economy (MoFE). The department is in accordance to Wawasan Brunei 2035, it wants to support Brunei's long-term, sustainable economic growth by providing globally-recognised statistical data, implementation of the National Development Plan (NDP), and planning. [5]

Contents

Goals and objectives

In order to achieve Wawasan Brunei 2035's objectives of progressive and sustainable economic growth, the DEPS is dedicated to creating comprehensive economic development plans that are backed by data and research. DEPS is also in charge of enforcing the Consumer Protection (Fair Trade) Order, 2011 and the Price Control Act, Chapter 142. The organisation is dedicated to improving market efficiency and protecting the interests of consumers throughout the nation. In order to achieve its goals, DEPS is dedicated to the following essential tasks: [6]

The National Development Plan Working Committee, National Data Coordination Steering Committee, and Macroeconomic Development Committee are just a few of the important national bodies for which DEPS acts as the Secretariat. Additionally, it collaborates with global institutions like the International Comparison Program (ICP) for Asia and the Pacific of the Asian Development Bank (ADB) and the ASEAN Community Statistical System (ACSS) Committee. DEPS also communicates with the ASEAN Committee on Consumer Protection (ACCP) and the United Nations ESCAP Civil Registration and Vital Statistics. [6]

Attached agencies

DEPS is divided into the following three departments and one section: [6]

History

On 21 May 1973, the Economic Planning Unit (EPU) was founded under the State Secretariat Office. On 1 January 1976, the Economic Development Board (EDB) was created. The Ministry of Finance (MoF) received the Computer Section of EPU on 1 January 1993, and the Insurance Section of EDB on 14 March 1993, when they were transferred to the Financial Institution Division of the MoF. On 7 March 1995, the EDB's Tourism Section was shifted to the Ministry of Industry and Primary Resources, and on 31 March 1995, a few EDB employees were transferred to the Development Bank of Brunei. On 15 June 1996, the Ministry of Home Affairs' Weight and Measures Section was merged into EPU. [11]

Following this, on 1 January 1997, EPU and EDB combined to become the Department of Economic Planning and Development (DEPD), which is housed inside the MoF. DEPD and the Secretariat of the Brunei Darussalam Economic Council (BDEC) were combined into a single department under the Prime Minister's Office from 1 March 2001, till 2018. The DEPD was renamed the Department of Economic Planning and Statistics (DEPS) in 2019 and moved to the MoFE. [11]

Legislation

Consumer Protection (Fair Trading) Order (2011)

A street market in Kuala Belait Kuala Belait 19 July 2023 25.jpg
A street market in Kuala Belait

Customers are protected from dishonest acts by merchants under the Consumer Protection (Fair Trading) Order, 2011 (CPTFO). [12] It covers topics including making false promises, misleading or deceiving customers, and taking advantage of those who are weak to defend their own interests or comprehend the deal. [13] CPTFO is applicable to transactions done in or out of Brunei, as well as to enterprises and consumers there. Customers who buy products or services for their own use rather than for resale are particularly protected from unfair business-to-consumer (B2C) activities. [14]

CPTFO excludes transactions involving estate property, employment services, and those already regulated by other Brunei regulations or agencies. To stop unfair practices, companies may be urged to sign a Voluntary Compliance Agreement (VCA), which might contain promises to refund expenses or make good on lost profits to customers and be made public by the media. [14] On 1 January 2012, the CPFTO went into effect with two regulations and twenty sections. [15]

Price Control Act, Chapter 142

After being first implemented on 13 March 1974, and going through many revisions, the Price Control Act (Cap 142) was further modified on 13 November 2012, with the passage of the Price Control Act (Amendment) Order 2012. The 2012 amendment's goals are to restrict appropriate price rises, guarantee fair promotional activities, assist the building sector and general national growth, and regulate the cost of necessities for low-income Bruneians. [16] The act specifies that business premises that fail to show price tags for specific goods supplied there and sold at a price higher than the maximum amount determined after an inspection will get warning notices. There is a B$1,000 maximum penalties for noncompliance. Repeat offenders may be fined up to B$20,000 and imprisoned for a maximum of five years. [17] [18]

With effect from 23 November, Sultan Hassanal Bolkiah issued the Price Control Act (Amendment) Order 2021, which updated and strengthened enforcement procedures to better reflect the state of the economy. The Price Control (Maximum Prices and Charges) (Amendment) Order 2021 and the Price Control (Minimum Price and Charges) (Repeal) Order 2021 are also amended by the amendment, enabling DEPS to oversee and enforce pricing, particularly in times of emergency such as the COVID-19 pandemic. Retailers will be penalised for not cooperating with inspections and supplying information; moreover, the list of regulated products will be revised on a regular basis to include government-subsidised items. [19]

Publications

The publications of JPES are as follows: [20]

Notes

  1. ↑ Malay: Jabatan Perancangan Ekonomi dan Statistik (JPES); Jawi: جابتن ڤرانچڠن ايكونومي دان ستاتيستيك [4]

Related Research Articles

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Districts are the principal administrative divisions of Brunei. The country is divided into four districts, namely Brunei-Muara, Belait, Tutong and Temburong. Temburong is an exclave; it is physically separated from the three other districts by the Brunei Bay and Malaysian state of Sarawak. Each district has a town as its administrative and main economic centre, with the exception of Brunei-Muara, where the principal centre is Bandar Seri Begawan, a city and the country's capital.

<span class="mw-page-title-main">Brunei–Muara District</span> District of Brunei

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Tutong District or simply known as Tutong, is the third largest and populated district in Brunei. It has an area of 1,166 square kilometres (450 sq mi) and the population of 47,210 as of 2021. The district is also home to its administrative centre is Tutong Town, as well as the Tutong River and Tasek Merimbun, the country's second longest river and the only ASEAN Heritage Parks in Brunei respectively.

<span class="mw-page-title-main">Temburong District</span> District of Brunei

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References

  1. ↑ "OIC Statistical Commission". www.oicstatcom.org. Retrieved 22 July 2024.
  2. ↑ "Joint Media Statement of the 10th Session of the ASEAN Community Statistical System Committee (ACSS10)". ASEAN . Retrieved 22 July 2024.
  3. ↑ "Senior Officers". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  4. ↑ "Barigakan sistem statistik berkualiti". Pelita Brunei (in Malay). 20 October 2021. Retrieved 22 July 2024.
  5. ↑ "Department of Economic Planning and Statistics - Vision and Mission". deps.mofe.gov.bn. Retrieved 22 July 2024.
  6. 1 2 3 "Core Functions". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  7. ↑ "Corporate Affairs". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  8. ↑ "Department of Planning". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  9. ↑ "Statistics". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  10. ↑ "Consumer Affairs". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  11. 1 2 "History". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  12. ↑ "Consumer Protection (Fair Trading) Order, 2011". Food and Agriculture Organization . Retrieved 22 July 2024.
  13. ↑ "Read Legislation Consumer Protection (Fair Trading) Order, 2011". ASEAN Consumer. Retrieved 22 July 2024.
  14. 1 2 "Our Law (CPFTO)". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  15. ↑ "CPFTO 2011". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  16. ↑ "PRICE CONTROL ACT (CAP 142)" (PDF). Department of Economic Planning and Statistics. Retrieved 23 July 2024.
  17. ↑ Othman, Azlan (2 August 2023). "Four businesses premises caught violating Price Control Act". Borneo Bulletin Online. Retrieved 22 July 2024.
  18. ↑ "Ensure price controlled goods under the Price Control Act". Borneo Post Online. 27 December 2017. Retrieved 22 July 2024.
  19. ↑ "Read Legislation Price Control Act Amended ASEAN Consumer". ASEAN Committee on Consumer Protection. 28 December 2021. Retrieved 22 July 2024.
  20. ↑ "JPES's Publication". Department of Economic Planning and Statistics. Retrieved 22 July 2024.
  21. ↑ Haji Mohd Rozan bin Dato Paduka Haji Mohd Yunos; Milojević, Ivana (December 2016). "Strategic Planning in Brunei Darussalam: History, Experience and Lessons Learned" (PDF). CSPS Strategy and Policy Journal: 5–10.
  22. ↑ "Economic census to begin today". Borneo Bulletin Online. 1 July 2024. Retrieved 22 July 2024.
  23. ↑ "Brunei population over 440,000 in 2021". Borneo Bulletin Online. 9 November 2022. Retrieved 22 July 2024.
  24. 1 2 United Nations (16 January 2015). "Brunei Darussalam". www.un-ilibrary.org. Retrieved 22 July 2024.
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