News Archive
Skip Ribbon Commands
Skip to main content

News Archive

PostDateIcon

Last modified: 12/10/2015 02:03 PM |

PostAuthorIcon

by: i:0#.w|bnmof\mohayazeed_jasni

  

PRESS RELEASE

Clarification on the FinTech Regulatory Sandbox Guidelines

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) have found that there have been individuals misinterpreting and misusing AMBD's Press Release on The FinTech Regulatory Sandbox Guidelines as a means of legitimizing unlicensed schemes.

2.       AMBD would like to clarify that The FinTech Regulatory Sandbox Guidelines is meant for companies registered under the Companies Act (Chapter 39), or business registered under the Business Names Act (Chapter 92), that wish to test innovative products or services that involve activities that are likely to be regulated by AMBD. This testing phase is carried out with regulatory support from AMBD.

3.       Once the application to enter the Fintech Regulatory Sandbox is approved, a FinTech Regulatory Sandbox will allow a company to test their products or services with pre-agreed rules and limits that are meant to contain the risks associated with the failure of the company or the test involved.

4.       At the end of the testing period, the company will be required to comply with the relevant rules and regulations (including licensing of the product and/ or service) in order to continue its operations.

5.       Currently, there are no companies that are approved to operate in the FinTech Regulatory Sandbox. AMBD will be continuously updating information on the FinTech Regulatory sandbox, including the approved companies, on our website.

6.       AMBD would also like to inform members of the public that an Alert List has been published on the AMBD website. The Alert List is a list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.

7.       For list of persons and institutions licensed by AMBD, members of the public can obtain it through the AMBD App, which can be downloaded on both the 'App Store' and 'Google Playstore'; or visit AMBD's website at http://www.ambd.gov.bn. Please follow AMBD on Instagram at @autoriti_monetari.

 

Autoriti Monetari Brunei Darussalam,

Date: 1 Rejab 1438 / 29 March 2017

Ref: AMBD/COMMS/3

Download Malay version here

Download English version  here

  

 
​ 

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (March 2017) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to​​​ announce the successful pricing of its 143rd issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was B$ 100 million with following details:

SeriesIssuance DateMaturity DateTenorRental Rate
14323 March 201721 September 2017182 days0.6875%


 With this issuance, the Brunei Government has thus issued over B$10.7282 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006 and the total holdings of the Brunei Government Sukuk outstanding until 23rd March 2017 stood at BND 393.2 million.​​​

  

 PRESS RELEASE

False Information on Issuance of New Currency

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) has recently found that there have been false information circulating among members of the public via social media and text messages concerning the issuance of new Brunei Dollars currency notes.

2.       AMBD would like to advise members of the public to be cautious and not to be deceived when receiving  any information from unofficial sources, particularly on matters relating to monetary policies, currency issuance, and the regulation of financial institutions. Members of the public are also advised not to disseminate any unverified and false information.  

3.       AMBD would also like to remind members of the public that in accordance with section 13 of the Currency Order, 2004, it is an offence for any person to issue any currency notes and coins, or any document or token, which resembles or is likely to pass as legal tender, and shall be liable upon conviction to a fine and imprisonment of maximum 15 years.  

4.       Any news on the issuances of new currency notes and coins, for circulation and commemorative, will be announced through official AMBD media platforms.

5.       More information on Brunei Darussalam's currency notes and coins can be obtained through the AMBD App, which can be downloaded from the App Store and the Google Playstore; or visit AMBD's website at http://www.ambd.gov.bn; or follow AMBD on Instagram at @autoriti_monetari.

Autoriti Monetari Brunei Darussalam

Date: 28 Jamadilakhir 1438 / 27 March 2017

Ref: AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

IMPLEMENTATION OF BRUNEI AUTOMATED CLEARING HOUSE DIRECT CREDIT

1.       Autoriti Monetari Brunei Darussalam (AMBD), with the collaboration of Brunei Association of Banks (BAB), introduced direct credits into the Automated Clearing House (ACH) system on 3rd March 2017. This follows the implementation of the Brunei Real Time Gross Settlement (RTGS) system for high-valued electronic transfers between banks in 2014, and the implementation of the ACH system for automated cheque process last year.

2.       Direct credit is an electronic transfer of multiple low value payments through the ACH system. The payment is initiated by the paying bank, and will send funds directly into the beneficiary customers' bank accounts at least one day earlier than cheques.

3.       Direct credit is a fast, convenient and inexpensive process of depositing money into customers' accounts of another bank such as for payrolls, pensions, supplier payments, dividend payments, etc. It has been used globally, and is recognized as one of the most cost effective and efficient methods of sending funds to a customer's account.

4.       Cheques and cash are comparatively expensive means of payment, and are less secure than their modern electronic counterparts. By using direct credit, the process of handling personal financial information will be more efficient, and will eliminate fraudulent activity risks when it comes to transaction relating to physical cheques.
5.       The Brunei Darussalam Financial Sector Blueprint 2016-2025 (FSBP) sets a specific objective to reduce the use of physical cheques by approximately 50% by 2020, aligning with our neighbours in the region, and also to ensure that all high-value inter-bank cheques be replaced by Brunei RTGS payments for rapid risk-free settlement. AMBD and the banks will continue to work together in preparing policies that are relevant, which will encourage customers to choose the more reliable, efficient and secure electronic methods.   

6.       AMBD's next innovative phase is developing plans and policies for an interoperable market infrastructure for retail payments. This may include payment cards, internet banking, mobile phone payments and other new technology payment instruments, in line with AMBD's initiative to promote e-payment economy. In parallel, AMBD will also be implementing a Central Securities Depository (CSD) to automate securities and depository for Government Sukuk and other potential securities that are registered in Brunei Darussalam.
 

Autoriti Monetari Brunei Darussalam

Date :    3 Jamadilakhir 1438 / 2 March 2017

Ref :       AMBD/COMMS/2017/3

Download Malay version here

Donwload English version here

  


PRESS RELEASE

THE FINTECH SANDBOX

Design and Technology Building, Anggerek Desa

Monday, 30 Jamadilawal 1438 corresponding to 27 February 2017

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) hosted The FinTech Sandbox event today on Monday 30th Jamadilawal 1438 corresponding to 27th February 2017 at the Design and Technology Building, Anggerek Desa.
     
  2. The event began with the recitation of Surah Al-Fatihah and was followed by welcoming remarks delivered by the Guest of Honour, Yang Mulia Awg Yusof bin Hj Abd Rahman, Managing Director of AMBD. In his opening remarks, YM Awg Yusof highlighted that the global financial industry continues to face innovative developments, including the development of FinTech. YM Awg Yusof then shared steps that are being undertaken by AMBD to encourage the growth of FinTech companies in Brunei Darussalam, and at the same time, ensuring the stability of Brunei Darussalam's financial industry.
     
  3. The event continued with the launching of the AMBD FinTech Office, a virtual facilitation office where all information, including enquiries, concerning FinTech in Brunei Darussalam may be directed. The FinTech Regulatory Sandbox Guidelines was also launched during the event, a guideline which will allow FinTech companies to test their financial products or solutions in a safe and efficient manner, while receiving regulatory support from AMBD.
     
  4. The event was attended by various stakeholders including government and regulatory agencies, technology companies, representatives from the financial industry, entrepreneurs and students from higher education institutions.

 

Autoriti Monetari Brunei Darussalam

Date: 30 Jamadilawal 1438/ 27 February 2017

Reference: AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

EMAIL SCAM CLAIMING TO BE FROM

AUTORITI MONETARI BRUNEI DARUSSALAM

 

1.       It has come to the attention of Autoriti Monetari Brunei Darussalam (AMBD) that there are bogus emails in circulation requesting for personal information/details and/or funds transfer claiming to have been sent by officers and staff of AMBD.

2.       AMBD would like to remind members of the public that AMBD will never request for personal information/details and/ or fund transfer via telephone calls, SMS or emails.

3.       For any inquiries or further information, members of the public may contact AMBD at 2388388, or email info@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date: 4 Jamadilawal 1438/ 1 February 2017

Ref: AMBD/COMMS/3

Download Malay version here

Download English version  here

  

 
​ 

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (February 2017) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to​​​ announce the successful pricing of its 142nd issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was B$ 100 million with following details:

SeriesIssuance DateMaturity DateTenorRental Rate
14202 February 201704 May 201791 days0.6250%


 With this issuance, the Brunei Government has thus issued over B$10.6282 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006 and the total holdings of the Brunei Government Sukuk outstanding until 2nd February 2017 stood at BND 513.2 million.​​​

  

 

PRESS RELEASE

SIGNING OF MEMORANDUM OF UNDERSTANDING BETWEEN

AUTORITI MONETARI BRUNEI DARUSSALAM

AND CAPITAL MARKET AUTHORITY SULTANATE OF OMAN

MOU Signing with CMAO.jpg 

1.      Autoriti Monetari Brunei Darussalam (AMBD) signed a Memorandum of Understanding (MoU) in the field of information exchange and mutual cooperation with Capital Market Authority Sultanate of Oman (CMAO) on Monday, 25 Rabiulakhir 1438 corresponding to 23rd January 2017.

2.      Signing on behalf of AMBD was the Managing Director, YM Awang Yusof bin Hj Abd Rahman,  while CMAO was represented by its Executive President, His Excellency Abdullah Salim Al-Salmi.The signing ceremony was held in Muscat, Oman.

3.      The MOU aims to foster and expand network of co-operation between both authorities, which includes increased mutual understanding, mutual assistance, the exchange of regulatory and technical information, enhanced capacity building and investor protection, as well as promoting the integrity of the markets regulated in both countries.


Autoriti Monetari Brunei Darussalam

Date :       25 January 2017/ 27 Rabiulakhir 1438

Ref :        AMBD/COMMS/3

Download Malay version here

Download English version here

  

PRESS RELEASE
AUTORITI MONETARI BRUNEI DARUSSALAM OPERATIONS
ON FRIDAY, 27TH JANUARY 2017

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public that AMBD'S Office will be closed on Friday, 29th Rabiulakhir 1438 corresponding to 27th January 2017.

*This includes Currency Gallery, Credit Bureau Customer Service Counter, Payment Counters and all other AMBD Counter Services.

2.       However, to ensure smooth operation of the Brunei Dollar Interbank Transfers, AMBD is pleased to inform that the AMBD Real-Time Gross Settlement (RTGS) System and Automated Cheque Clearing House (ACH) will be operating as usual.

3.       AMBD would like to apologize for any inconvenience caused.


Autoriti Monetari Brunei Darussalam

Date:         27 Rabiulakhir 1438/          25 January 2017 
Reference: AMBD/COMMS/3

Download Malay version here

Download English version here

  

PRESS RELEASE

PUBLICATION OF ALERT LIST

1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to inform members of the public that an Alert List has been published on the AMBD website. The Alert List is a list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.

2.       AMBD would like to remind the public that only financial institutions, i.e. banks, insurance companies and takaful operators, capital market and securities institutions as well as money changers, remittance service providers and other entities, licensed by AMBD, under the relevant laws and regulations administered by AMBD, are allowed to provide financial services in Brunei Darussalam.

3.       Members of the public are also advised to be careful when participating in any schemes or financial transactions. It is important to check the legitimacy of such individuals or company as well as the inherent risks associated before agreeing into any financial transactions.

4.       To access the Alert List, as well as the list of persons and institutions licensed by AMBD, members of the public may visit AMBD's website at http://www.ambd.gov.bn.

5.       For any enquiries and further information, the general public may contact AMBD at 2233371 or email at fci@ambd.gov.bn 

Autoriti Monetari Brunei Darussalam

Date: 18 Rabiulakhir 1438/ 16 January 2017

Reference: AMBD/COMMS/3


Download Malay version here

Download English Version here

  

PRESS RELEASE

AMBD BEACH CLEANING CAMPAIGN

Sunday, 18 Rabiulakhir 1438 corresponding to 15 January 2017

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today held a Beach Cleaning Campaign at Pantai Muara.

2.       The campaign was led by Awang Yusof bin Hj Abd Rahman, Managing Director of AMBD. Around thirty officers and staff from AMBD and Centre for Islamic Banking, Finance and Management (CIBFM), AMBD's training arm, have attended the cleaning campaign.

3.       The objective of this initiative is to contribute to a cleaner environment together and to serve as a platform for AMBD and CIBFM officers and staff to foster good relationship and team building.

4.       The Beach Cleaning Campaign is one of AMBD's Corporate Social Responsibility (CSR) initiatives in giving good attention to the community and the environment. Other CSR initiatives carried out by AMBD included the Junior Financial Awareness Program at Menunggol Primary School, Coin Appreciation Campaign and cleaning the cemetery area.

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3

Date: 18 Rabiulakhir1438 / 15 January 2017


Download Malay version here

Download English version here

  


Press Release

Issuance and Sales of Commemorative BND 1 "Uncut Block" Polymer Notes 35-in-1

1.            Autoriti Monetari Brunei Darussalam (AMBD) is pleased to announce the issuance of the Commemorative BND 1 "Uncut Block" Polymer Notes, 35-in-1. These BND 1 notes are legal tender in Brunei Darussalam.

2.            The description of the BND 1 "Uncut Block" Polymer Notes, 35-in-1, is as follows:

DESCRIPTIONFACE VALUESELLING PRICE
BND 1 (35-in-1)$1 X 35 ($35)BND 250.00

               

3.            The BND 1 "Uncut Block" Polymer Notes, 35-in-1, will be available for sale to the public at the AMBD booth during the 19th Brunei Consumer Fair which will be held from 18 January to 22 January 2017 at the International Convention Centre (ICC) in Berakas. Alternatively, the item could be purchased directly from:

Currency Management Unit

Autoriti Monetari Brunei Darussalam

BCMB Building, Ministry of Finance Complex

Commonwealth Drive BB3910

Brunei Darussalam

4.            The opening hours for the sales of Commemorative BND 1 "Uncut Block" Polymer Notes 35-in-1 at the BCMB Building, AMBD, are as follows:

Monday – Thursday             8.30 am – 11.30 am

2.00 pm – 4.00 pm

 

Friday                                    8.30 am – 11.00 am

3.00 pm – 4.00 pm

Please be informed we are presently unable to accept payment through credit card. We apologize for the inconvenience caused.

Autoriti Monetari Brunei Darussalam
Date:     18 Rabiulakhir 1438 / 16 January 2017
Reference: AMBD/COMMS/3


Download Malay version here

Download English version here

  

 

PRESS RELEASE

THANKSGIVING CEREMONY

IN CONJUNCTION WITH SIXTH ANNIVERSARY

OF THE ESTABLISHMENT OF AUTORITI MONETARI BRUNEI DARUSSALAM

ASH-SHALIHEEN MOSQUE, PRIME MINISTER'S COMPLEX,

BANDAR SERI BEGAWAN, BRUNEI DARUSSALAM

THURSDAY, 14 RABIULAKHIR 1438H CORRESPONDING TO 12 JANUARY 2017

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today held a thanksgiving ceremony in conjunction with the sixth anniversary of its establishment at the Ash-Shaliheen Mosque, Prime Minister's Complex, Bandar Seri Begawan, Brunei Darussalam.

2.       Present at the ceremony were Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs as Deputy Chairman of AMBD's Board of Directors; Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abd Rahman bin Haji Ibrahim, Minister at the Prime Minister's Office and Minister of Finance II; Yang Berhormat Pehin Datu Singamanteri Kolonel (R) Dato Seri Setia (Dr.) Awang Haji Mohammad Yasmin bin Haji Umar, Minister of Energy and Industry at the Prime Minister's Office; Yang Mulia Dato Paduka Haji Mohd Roselan bin Haji Mohd Daud, Deputy Minister at the Prime Minister's Office; Yang Mulia Dato Paduka Haji Hisham bin Haji Mohd Hanifah, Deputy Finance Minister; other members of the AMBD Board of Directors as well as AMBD staff and officers.

3.       The ceremony began with the recital of the Surah Yassin, mass Fardhu Maghrib prayers, followed by mass Sunat Hajat prayers and Doa Kesyukuran in conjunction with the sixth anniversary of the establishment of AMBD led by YM Imam Anuar bin Haji Salim.

 

Autoriti Monetari Brunei Darussalam

Date                     :               14 Rabiulakhir 1438H / 12 January 2017M

Reference           :               AMBD/COMMS/3

Download Malay version here

Download English version here

  

 
​ 

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (January 2017) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to​​​ announce the successful pricing of its 141st issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was B$ 100 million with following details:

SeriesIssuance DateMaturity DateTenorRental Rate
14112 January 201713 April 201791 days0.6250%


 With this issuance, the Brunei Government has thus issued over B$10.5282 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006 and the total holdings of the Brunei Government Sukuk outstanding until 12th January 2017 stood at BND 573.2 million.​​​

  

PRESS RELEASE

FINANCIAL SCAMS ALERT

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) would like to strongly advise members of the public to be wary when receiving contact from unknown individuals, in particular via email, social media or the internet. Many of these are likely to be attempts by fraudsters to deceive victims into making advance or upfront payments for goods, services and/or financial gains that do not materialise.

2.         These scams will usually contain the following:-

    • Winning a certain amount of money or a prize;
    • job offers for simple work with unusually large payment;
    • large amounts of money that is difficult to access because of government regulations; or
    • an opportunity to invest in low risk schemes with the promise of high returns.

3.         In addition to this, the unknown individual will request for payment upfront before the promised funds or services can be released. The fraudster may also ask for personal banking information.

4.         If you have experienced any of the above, you are advised to:-

    • ignore any offers with incentives;
    • never send any payments no matter how small the amounts are; and
    • refrain from giving personal banking information to anyone under any circumstances. 
5.         For any enquiries and further information on financial scams, the public may contact AMBD either through the AMBD App, which can be downloaded free of charge on both 'App Store' for iPhone users and 'Google Playstore' for Android users; or through the hotline 2388388, or by emailing info@ambd.gov.bn.
 

Autoriti Monetari Brunei Darussalam

Date: 27 Rabiulawal 1438/ 27 Disember 1438

Ref No: AMBD/COMMS/3


Download Malay version here

  

PRESS RELEASE

AMBD POLICY STATEMENT 2/2016

 

1.            Autoriti Monetari Brunei Darussalam (AMBD) today published its bi-annual policy statement for the second half of 2016. 

2.            In the Policy Statement 2/2016, AMBD remarked that the global economy is in a protracted period of low growth and low inflation.

3.            AMBD also highlighted on several financial developments in the country, including the issuance of two Consultation Papers to Brunei Association of Banks (BAB) on corporate governance and the appointment of key responsible persons; and a Directive on the extension of use of Minimum Cash Balances (MCB) for Intraday Liquidity Maintenance in the Real-Time Gross Settlement (RTGS) System.

4.            Other notable development includes Brunei Darussalam's progress in the Ease of Doing Business (EODB) ranking in World Bank's Doing Business 2017 report. Brunei Darussalam has been listed as the ten top improvers in the EODB ranking. The report also noted the regulatory reforms that have been made including improved access to credit information and also the strengthening of minority investors protection.

5.            In addition to this, Brunei Darussalam's Collateral Registry System, which is a project under Brunei Darussalam's initiatives for EODB, has commenced operation on 19th December 2016.

6.            In terms of future developments, AMBD is currently reviewing the regulated rates on lending/financing to Micro, Small and Medium Enterprises (MSME) and on certain credit facilities that were introduced in March 2013.

7.            AMBD will also be issuing a Notice and revised reporting instructions for Minimum Capital Adequacy Requirements to all banks.

8.            AMBD, as a member of the Steering Committee, the Secretariat and the Working Groups for the establishment of Brunei Darussalam Stock Exchange, are involved in the preparation of the rules as well as the setting up of the system for the stock exchange.

9.            Finally, AMBD seeks to develop a regulatory framework that is conducive for the deployment of FinTech while addressing its inherent risks.

10.          The full version of AMBD Policy Statement 2/2016 can be found on AMBD's website (www.ambd.gov.bn).

 

Autoriti Monetari Brunei Darussalam

Date: 29 Rabiulawal 1438/ 29 December 2016

Ref No.: AMBD/COMMS/3

Download Malay version here here

  

 

PRESS RELEASE

COLLATERAL REGISTRY SYSTEM USER TRAINING

Bandar Seri Begawan, Brunei Darussalam

  1. Autoriti Monetari Brunei Darussalam (AMBD) is launching the Collateral Registry System on 19th December 2016.
     
  2. The Collateral Registry System will allow the collateralizing of the public's, especially SMEs, assets to facilitate their access to loans and capital for their business. The system will also merge the registration of Bill of Sale, company charges, motor vehicles, certain types of ships and aircraft from the government department into a single registry managed by AMBD.
     
  3. AMBD, through the Collateral Registry Section, has been actively conducting training to the users of the system, such as the financial institutions, with the help of the appointed vendor, IOS Partners. This system is designed to be simple, user friendly, modern and accessible 24/7. Attendees to the training session will also be equipped to further train members of their respective institution to use the system.
     
  4. This week AMBD has also invited several relevant government agencies and statutory bodies to undergo the Collateral Registry System user training to familiarize themselves with the system.
     
  5. Brunei Darussalam is among the first few ASEAN countries to introduce a Collateral Registry System, which will improve the ease of getting credit in the country. This initiative is part of a series of reform measures which will improve Brunei Darussalam's position in the World Bank Ease of Doing Business (EODB) Ranking, supported by the PENGGERAK, Prime Minister's Office, and the EODB Steering Committee.
     
  6. For further information on the Collateral Registry System, the general public can download 'AMBD App' for free on both the App Store for iPhone users and Google Playstore for Android users; visit AMBD's website at http://www.ambd.gov.bn;  or email collateral.registry@ambd.gov.bn.

Autoriti Monetari Brunei Darussalam

Date:     16  Rabiulawal 1438 /   16 December 2016

Ref:        AMBD/COMMS/3

Download Malay version here

  

ambd logo 2.jpg

The Autoriti Monetari Brunei Darussalam (AMBD) is pleased to invite suitably qualified applicants to apply for the following position:

General Requirements:

  • Applicants for the position must be citizens of His Majesty the Sultan and Yang Di-Pertuan Negara Brunei Darussalam;
  • Strong communication and interpersonal skills with good organizational and planning skills; and
  • Be fluent in oral & written Malay and English as well as being IT literate.

1.       ADMINISTRATIVE ASSISTANT GRADE 3 [S4]

CURRENCY MANAGEMENT

To support in the daily operational management of AMBD's Currency Management Unit.

MAIN RESPONSIBILTIES:

  • To assist in managing the stock of currency notes and coins;
  • To assist in both receiving of currency and issuing of currency notes and coins to or from the banks/central banks/printers/mint;
  • To assist in the destruction of unfit currency;
  • To assist in receiving and processing of mutilated notes and coins from the banks and public;
  • To assist in handling counterfeit currency;
  • To handle and complete relevant paperwork; and
  • To undertake any other responsibilities as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possesses a minimum of 5 GCE 'O'-Level credits with a credit in Malay Language;
  • Having good GCE 'A' Level qualifications or/and a National Diploma is an advantage;
  • Having a minimum of 3 years working experience in related fields is an advantage; and
  • Good mathematical skills.

Interested applicants are requested to submit online only through the Online Job Application Form (NEITHER physical submission nor application sent via email will be entertained) with the following items:- 1) Application form; 2) a full resume; 3) a recent passport-sized photograph; 4) a copy of your IC; and 5) only copies of relevant academic certificates.

Applications should be received by AMBD not later than 12.15PM on Tuesday, 27th December 2016.

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED 

  
 
​ 

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (December 2016) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to​​​ announce the successful pricing of its 140th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was B$ 100 million with following details:

SeriesIssuance DateMaturity DateTenorRental Rate
1401 December 20162 March 201791 days0.5625%


 With this issuance, the Brunei Government has thus issued over B$10.4282 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006 and the total holdings of the Brunei Government Sukuk outstanding until 1st December 2016 stood at BND 473.2 million.​​​

  


PRESS RELEASE

WARNING ON UNAUTHORISED INSURANCE/TAKAFUL POLICIES

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has found that there have been recent fraudulent incidents involving the sale of insurance/takaful policies by unlicensed insurance/takaful agents or other persons to the public.
     
  2. In some cases, individuals only discovered that the policies are fake when trying to submit claims or obtain information on the said insurance/takaful policy from the Insurance Companies/Takaful Operators. It is not a normal practice for insurers/ takaful operators to issue and provide their customers with photocopies of the policies only.
     
  3. AMBD would like to advise the public to deal only with takaful operators, insurance companies and general insurance/takaful agents that are licensed by AMBD. Members of the public who choose to deal with unlicensed and unregulated persons offering financial services or products will not have enforceable contracts, nor the protection afforded under the regulatory framework administered by AMBD.  AMBD's regulatory framework aims to safeguard the interests of the public and consumers by ensuring that only competent and qualified persons are authorized to provide financial services in Brunei Darussalam.
     
  4. The list of insurance companies and takaful operators licensed by AMBD, as well as registered general insurance/takaful agents may be obtained through the AMBD App, which can be downloaded free of charge on both 'App Store' for iPhone users and 'Google Playstore' for Android users; or visit AMBD's website at http://www.ambd.gov.bn.
     
  5. For any questions regarding your insurance/takaful policies, you are advised to contact your insurer or takaful operator directly.
     
  6. To report any fraudulent sale of insurance/takaful policies; or if your policy is confirmed to be illegitimate, please contact AMBD at 2233371; or email info@ambd.gov.bn; or by visiting Financial Consumer Issues Services located at the Ground Floor, Dar Takaful IBB Utama Building, Bandar Seri Begawan.

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3/2016

Date:      24 Safar 1438/  24  November 2016

Title 
Body 
1 - 20Next