Brunei Darussalam: Asia’s next leading location for Regional Treasury Centres?
Authors: Rady Roswanddy Roslan, Brunei Darussalam, Petr Polak
Abstract
Abstract:
The paper investigates the location criteria (LC) considered when establishing regional treasury centres (RTCs) across three countries Brunei, Singapore and Hong Kong. LC are the important factors that is compulsory for MNCs to examine before setting up RTCs in another region other than where their headquarters are. Comparing Brunei to Asia’s leading international financial centre and location for RTCs i.e. Singapore and Hong Kong would assist in identifying whether Brunei can host RTCs. The study contributes to the understanding of LC assessment before establishing a RTC in any location. A similar investigation method were conducted previously applied to European countries is duplicated and applied to the three Asian countries. The results found that compared to Singapore and Hong Kong, Brunei is lacking in terms of the examined LC. Brunei needs to improve these LC to catch up to the same level as Singapore and Hong Kong.