Brunei has been struggling with an economic recession that looks set to continue. This year has seen record low production of oil and gas, attributed to maintenance on the facilities that couldn’t be carried out during the COVID-19 pandemic. However, a downward trend has been observed since 2006. As many in this nation have had a strong sense of security due to the economic wealth of the nation based on its natural resources, pray that this downward trend will cause many to consider their future carefully. Pray for an increasing openness to searching out the Gospel, and meeting Jesus as our source of hope for the future (The Bible, Proverbs 23:18).
Lebanese banks to close indefinitely as hold-ups continue. Lebanon’s banks have been in crisis for months as depositors demand access to their savings. Lebanese banks have decided to close their doors to clients indefinitely amid an unprecedented wave of hold-ups by frustrated depositors seeking access to their savings. Banks in the country, mired in an economic crisis for more than two years, partially reopened under strict security after closure following a slew of heists by customers desperate to access their money. Lebanon central bank stops fuel subsidies, prices set to rise. People are ‘robbing’ banks in Lebanon – to take their own money. The World Bank defined Lebanon’s economic crisis as the worst the world has witnessed. Pray that the government implements the much-needed reforms. Pray for the Lebanese to seek God’s help to come out of the crisis and be saved by the grace of God (The Bible, Job 8:7).