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Amedeo Development Corporation
Amedeo Development Corporation (ADC), a private limited company owned by Prince Jefri Bolkiah, was Brunei's largest private company and played a significant role in Brunei's Economy of Brunei, economy. However, the company faced considerable economic challenges during the 1997 Asian financial crisis, compounded by fluctuations in oil prices. In 1998, Brunei entered a moderate recession following the collapse of Amedeo, whose ambitious projects had previously driven domestic economic growth. Despite these setbacks, moderate yet steady economic growth was eventually restored, aided by rising oil prices and the successful reorganisation of Amedeo's investments. History Founding years In 1992, Jefri Bolkiah was appointed Ministry of Finance and Economy (Brunei), minister of finance and chairman of the Brunei Investment Agency (BIA), tasked with managing the sultanate's extensive oil wealth. In this role, he launched Amedeo, an ambitious initiative to develop a luxurious resid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Limited Company
A private limited company is any type of business entity in Privately held company, "private" ownership used in many jurisdictions, in contrast to a Public company, publicly listed company, with some differences from country to country. Examples include: the ''limited liability company, LLC'' in the United States, ''private company limited by shares'' in the United Kingdom, ''GmbH'' in Germany and Austria, (BV) in The Netherlands and Belgium, (SARL) in France, (S.r.l.) in Italy, and (SRL) in the Hispanophone, Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. Abbreviations Albania In Albania, a limited liability company () is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreements. Partners' contributions constitute the registered capital of a limited liability company. Each partner has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
