Foreign investment in media broadcasting services is limited to 49% of equity ownership.
"Part IX - Ownership and control of broadcasting companies
Application of this Part to broadcasting companies.
34. (1) This Part shall apply to every broadcasting company unless exempted in writing by the Minister.
(2) For the purposes ofthis Part- "broadcasting company" means a broadcasting company registered under the Companies Act (Chapter 39) which holds a relevant licence; "relevant licence" means -- (a) any free-to-air licence; or (b) any broadcasting licence under which subscription a broadcasting service may be provided -- 
which permits broadcast which is capable of being received in ten thousand dwelling-houses or more, but does not include a class licence; or (c) such other broadcasting licence as the Minister may from time to time specify in the public interest or in the interests of public security or national defence.
[...]
Funds from foreign source for purposes of broadcasting service.
37. (1) Subject to this section, no person shall, without the prior written approval of the Minister, receive any fund from any foreign source for the purposes of financing, directly or indirectly, wholly or in part, any broadcasting service owned or operated by any broadcasting company. [...] (9) For the purposes ofthis section and section 38- "foreign source" includes- (a) the government of a country outside Brunei Darussalam or the agent of any such government, whether or not he is resident in Brunei Darussalam; (b) any company, association or society incorporated or constituted under any law in force outside Brunei Darussalam, whether or not it has a branch office or place of business in Brunei Darussalam; (c) any person who is not a citizen of Brunei Darussalam, whether or not he is resident in Brunei Darussalam; and [...] "fund" means money,securities, movable or immovable property or other valuable consideration.
Broadcasting company owned by foreign source.
38. No company shall, unless the Minister otherwise approves in writing, be granted or hold a relevant licence if he is satisfied that 49% or more of its issued paid-up capital is owned by or on behalf of a foreign source or that all or majority of the persons having the direction, control or management of the company were appointed by or on behalf of the govermnent of a country outside Brunei Darussalam or the agent of any such government. [...]" (Broadcasting Act, 2000 - Chapter 180)
Broadcasting Act, 2000 - Chapter 180
[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/ACT_PDF/Chp.180.pdf">Act</a>]