FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Terrace House in Bengkurong (B$190K, Property Chinese Owned) • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • Shop house in Kiulap for Sale (44 years lease, approx 5,000.00 per month rental) • Chempaka Terrace House for Rent (3 bedrooms, B$700.00 per month) • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975, +6738839007           >>           Fully furnished office space for rent at Regus Brunei. Call +673-886-2879 or go to www.regus.com.bn           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: 242-7623/+673 883-9007           >>           Rooney's Record-Breaking Goal Comes At Manchester United's Bogey Ground           >>           Manchester City Return Entertainment Value To The Etihad Against Tottenham           >>           Three Reasons For Gabon's African Nations Cup Humiliation On Home Soil           >>           Diego Costa Proves His Worth, Leads Chelsea To 2-0 Win Vs. Hull City           >>           Man United Set To Miss Out On Goncalo Guedes, Sanction Ashley Young Loan           >>           Satellite's 1st Views of Earth (and Moon) Are Jaw-Dropping           >>           Android Instant Apps Begins Limited Testing           >>           Facial Recognition Will Replace Passports In Australia           >>           Pompeo Confirmed As CIA Head As Dems Raise Surveillance Concerns           >>           Right To Repair Bills Introduced In Five States           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


Brunei Hackathon
January 24th, 2017 | 09:00 AM


Education UK Brunei
January 25th, 2017 | 14:00 PM


Chinese Cultural Week
February 1st, 2017 | 10:00 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 05:04AM

Subuh

: 05:14AM

Syuruk

: 06:36AM

Doha

: 06:59AM

Zohor

: 12:33PM

Asar

: 03:55PM

Maghrib

: 06:29PM

Isyak

: 07:42PM

 



The Business Directory


 

 



World Business


  Home > World Business


Saudi Arabia Hires Pwc To Advise On $20 Billion Cost Cuts


 


 January 10th, 2017  |  09:02 AM  |   372 views

SAUDI ARABIA

 

Saudi Arabia is working with PricewaterhouseCoopers on plans to cancel about $20 billion of projects as the kingdom seeks to shore up its finances, two people familiar with the matter said.

 

The Ministry of Economy and Planning hired the consultancy firm to review $69 billion of government contracts with a view to cutting about a third of them, the people said, asking not to be identified as the discussions are private. Projects under review include contracts awarded by the ministries of housing, transport, health and education, they said, adding that PwC’s role also includes advising on ways to cut project costs or privatize them.

 

Under Deputy Crown Prince Mohammed bin Salman, the world’s biggest oil exporter is seeking to rein in spending to narrow a budget shortfall that reached nearly 300 billion riyals ($80 billion) last year after oil prices slumped. The kingdom set up an office to limit government spending, according to this year’s budget that was announced in December.

 

Authorities also set up the National Project Management Office last year to control capital spending and ensure that government projects are carried out efficiently.

 

PwC declined to comment, while a spokesman for the Ministry of Economy didn’t immediately respond to requests for comment.

 


 

Source:
courtesy of BLOOMBERG

by Matthew Martin and Zainab Fattah

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Number Of Flood Evacuees In Sabah Rises To 817 In The Afternoon

 2017-01-24 08:58:54

Jallikattu: New Tamil Nadu Bill Backs India Bullfights

 2017-01-24 09:14:23

OPEC Helps Cheap U.S. Oil Find Its Way to Group’s Top Customers

 2017-01-24 10:35:30