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Singapore, Brunei sign deals to boost cooperation

Staff writer |
Singapore and Brunei signed memoranda of understanding (MOUs) to boost cooperation in broadcasting and finance areas.

The two countries agreed to expand bilateral cooperation in the field of broadcasting to include the field of information. It will see closer collaboration and greater sharing between the two countries, including the exchange of information officers and journalist visit programs between both countries. The Ministry of Communications and Information of Singapore said the expanded agreement builds on an existing MOU signed in October 1990.

The MOU was signed by Singapore's Minister for Communications and Information Yaacob Ibrahim and Brunei's Minister of Energy at the Prime Minister's Office Dato Seri Setia Awang Haji Mohammad Yasmin Haji Umar.

Separately, the monetary authorities of the two countries signed an MOU, agreeing to cooperate in capital market development and exchange views on monetary management and operations, banking supervision and payment and settlement arrangements.

The two countries have widespread cooperation in finance, including a currency interchangeability agreement and the ongoing dialogue between the monetary authorities of the two countries.

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