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

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

  


Press Release

AMBD SCHOOL OUTREACH ACTIVITY (4)

Wednesday, 1 Rabiulawal 1439H corresponding to 20 November 2017M

1.       Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Ministry of Education (MOE) and the Ministry of Religious Affairs (MORA), held a School Outreach Activity at the Sekolah Rendah Sungai Tali, Belait, on Wednesday, 1 Rabiulawal 1439H corresponding to 20 November 2017M

2.       This activity is a continuation of the Distribution Ceremony of the 50 cent denomination of the 5th Series Coins in Circulation to Pre-school, Primary, Secondary and Sixth Form Students of Brunei Darussalam held on Monday, 24 Safar 1439H corresponding to 13 November 2017M at the Main Plenary Hall, International Convention Centre, in conjunction with The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.

3.       The Guest of Honour for the activity was YM Mardini bin Hj Eddie, Acting Assistant Managing Director, AMBD. Also present during at the roadshow were senior officers from Sekolah Rendah Sungai Tali and senior officers from AMBD.

4.       The outreach activity is aimed to raise awareness and familiarize the students on the new series of circulation coins is introduced to commemorate The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.  In addition, the outreach activities is also hoped to increase awareness of the importance of savings, financial independence and to make individuals and households, in particular students, to be more financially-savvy in the future.

5.       A total of 146 students from Sekolah Rendah Sungai Tali attended the event and participated in interactive financial-related games and activities organized by AMBD. The games and activities gave introduction on local currency and also, financial management.

6.       This is the final event of a series of roadshows for the outreach activity, which were previously held in Brunei Muara District, Temburong District and Tutong District.

7.       For more information on the outreach activities, members of the public can visit AMBD's website at www.ambd.gov.bn; download AMBD App from the App Store or Google Playstore; or follow AMBD on Instagram at @autoriti_monetari. 

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3

Date: 1 Rabiulawal 1439H/ 20 November 2017M

 

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PRESS RELEASE

AMBD OPEN DAY

Design & Technology Building, Anggerek Desa

Friday, 28th Safar 1439 corresponding to 17th November 2017

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) held an AMBD Open Day at the Design and Technology Building, Anggerek Desa, today, 28th Safar 1439 corresponding to 17th November 2017.
     
  2. The objective of the AMBD Open Day is to share and increase awareness on AMBD's policies and regulations. The AMBD Open Day is part of AMBD's continuous effort to provide an open dialogue with the public regarding AMBD's roles and responsibilities.
     
  3. The AMBD Open Day included four talks on the first day. The first talk was titled "Everything You Need To Know About The Total Debt Service Ratio (TDSR)", which explained the objective and benefits of the TDSR to the public at large, as well as the amendments that have been made to it since its introduction in 2015.
     
  4. The second talk, "How to Apply to the FinTech Regulatory Sandbox", explained how AMBD's FinTech Sandbox works, and the application and approval process of the Sandbox.
     
  5. This was followed by "How to Raise Capital through Collateral." Following the improvements to the Credit Bureau services as well as the implementation of the Collateral Registry System, Brunei Darussalam is now ranked second in the world in the World Bank's Ease of Doing Business Report for the "Getting Credit" indicator. This talk explains further on how businesses in Brunei Darussalam can seek for alternative ways in seeking financing.
     
  6. The final talk was titled "Crowdfunding and its Regulations", where AMBD shared the types of crowdfunding available in the market, and the requirements to operate and Equity Crowdfunding Platform, which was in line with the Notice on Equity Based Crowdfunding Platforms, recently issued by AMBD. This initiative is also hoped to provide the start-ups and small businesses an alternative source of financing to raise capital.
     
  7. Besides the talks, there were also other AMBD officers present at the event for any Q&As, Credit Bureau providing free credit reports, and Centre of Islamic Banking, Finance and Management (CIBFM) sharing their courses.
     
  8. The Open Day continues until Saturday, 18th November 2017, with more talks, including Be Financially Smart, Currency Fun Facts, and Everything Your Need to Know about Insurance and Takaful. 

 

Autoriti Monetari Brunei Darussalam

Date: 28 Safar 1439/17 November 2017

Ref: AMBD/COMMS/3

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Press Release

AMBD SCHOOL OUTREACH ACTIVITY (3)

Wednesday, 27 Safar 1439H corresponding to 16 November 2017M

1.       Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Ministry of Education (MOE) and the Ministry of Religious Affairs (MORA), held a School Outreach Activity at the Dewan Belalong, Temburong, on Wednesday, 27 Safar 1439H corresponding to 16 November 2017M

2.       This activity is a continuation of the Distribution Ceremony of the 50 cent denomination of the 5th Series Coins in Circulation to Pre-school, Primary, Secondary and Sixth Form Students of Brunei Darussalam held on Monday, 24 Safar 1439H corresponding to 13 November 2017M at the Main Plenary Hall, International Convention Centre, in conjunction with The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.

3.       The Guest of Honour for the activity was YM Dk Sri Joedianna Binti Pg Hj Mohammed, Assistant Executive Director, AMBD. Also present during at the roadshow were senior officers from AMBD.

4.       The outreach activity is aimed to raise awareness and familiarize the students on the new series of circulation coins is introduced to commemorate The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.  In addition, the outreach activities is also hoped to increase awareness of the importance of savings, financial independence and to make individuals and households, in particular students, to be more financially-savvy in the future.

5.       The event was attended by students from ten different schools in Temburong, who participated in interactive financial-related games and activities organized by AMBD. The games and activities gave introduction on local currency and also, financial management.

6.      Mohd Khairul Hadief bin Mohd Haddi said, "The games were all really fun and we enjoyed having AMBD here."

7.       There will also be outreach activities organized on Monday, 20th November 2017, in Belait District.

8.       For more information on the outreach activities, members of the public can visit AMBD's website at www.ambd.gov.bn; download AMBD App from the App Store or Google Playstore; or follow AMBD on Instagram at @autoriti_monetari. 

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3

Date: 27 Safar 1439H/ 15 November 2017M

 

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Press Release

AMBD SCHOOL OUTREACH ACTIVITY (2)

Wednesday, 26 Safar 1439H corresponding to 15 November 2017M

1.       Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Ministry of Education (MOE) and the Ministry of Religious Affairs (MORA), held a School Outreach Activity at the Sekolah Rendah Pengiran Dipa Negara Pengiran Jaya, Sengkarai, Tutong, on Wednesday, 26 Safar 1439H corresponding to 15 November 2017M

2.       This activity is a continuation of the Distribution Ceremony of the 50 cent denomination of the 5th Series Coins in Circulation to Pre-school, Primary, Secondary and Sixth Form Students of Brunei Darussalam held on Monday, 24 Safar 1439H corresponding to 13 November 2017M at the Main Plenary Hall, International Convention Centre, in conjunction with The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.

3.       The Guest of Honour for the activity was YM Hjh Nuralia Binti Hj Abd Rahim, Executive Director, AMBD. Also present during at the roadshow were senior officers from Sekolah Rendah Pengiran Dipa Negara Pengiran Jaya and from AMBD.

4.       The outreach activity is aimed to raise awareness and familiarize the students on the new series of circulation coins is introduced to commemorate The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.  In addition, the outreach activities is also hoped to increase awareness of the importance of savings, financial independence and to make individuals and households, in particular students, to be more financially-savvy in the future.

5.       Students from the school participated in interactive financial-related games and activities organized by AMBD. The games and activities gave introduction on local currency and also, financial management.

6.       Mohd Syazul Redzuan bin Ardy Iswandy said, "I won a commemorative note that I will keep for my collection."

7.       Another student from Sekolah Rendah Pengiran Dipa Negara Pengiran Jaya Sengkarai, Hasya Farahiyah binti Aliuddin said she learnt that the one cent is bigger than the five cent, something she did not know before, and she thanked AMBD for coming over to their school.

8.       Finally, Mohammad Nur Aaron Shamim bin Haji Md Shukri appreciated that AMBD came over with games, which he said helps them cool down after the final year exams.

9.       There will also be outreach activities organized on Thursday, 16 November, in Temburong District and Belait District on Monday, 20 November.

10.   For more information on the outreach activities, members of the public can visit AMBD's website at www.ambd.gov.bn; download AMBD App from the App Store or Google Playstore; or follow AMBD on Instagram at @autoriti_monetari. 

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3

Date: 25 Safar 1439H/ 14 November 2017M


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Press Release

AMBD SCHOOL OUTREACH ACTIVITY (1)

Tuesday, 25 Safar 1439H corresponding to 14 November 2017M


1.       Autoriti Monetari Brunei Darussalam (AMBD) in collaboration with the Ministry of Education (MOE) and the Ministry of Religious Affairs (MORA), held a School Outreach Activity at the Sekolah Menengah Sayyidina Umar Al-Khattab, Jalan Kasat, Mukim Lumapas, Bandar Seri Begawan on Tuesday, 25 Safar 1439H corresponding to 14 November 2017M

2.       This activity is a continuation of the Distribution Ceremony of the 50 cent denomination of the 5th Series Coins in Circulation to Pre-school, Primary, Secondary and Sixth Form Students of Brunei Darussalam held on Monday, 24 Safar 1439H corresponding to 13 November 2017M at the Main Plenary Hall, International Convention Centre, in conjunction with The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.

3.       The Guest of Honour for the activity was YM Hjh Siti Norishan Binti Hj Abdul Ghafor, Acting Assistant Managing Director (Legal Affairs and Project Management). Also present during at the roadshow were senior officers from Ministry of Education, Ministry of Religious Affairs, and Sayyidina Umar Al-Khattab Middle School, as well as from AMBD.

4.       The outreach activity is aimed to raise awareness and familiarize the students on the new series of circulation coins is introduced to commemorate The Golden Jubilee of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.  In addition, the outreach activities is also hoped to increase awareness of the importance of savings, financial independence and to make individuals and households, in particular students, to be more financially-savvy in the future.

5.       Students from the school participated in interactive financial-related games and activities organized by AMBD. The games and activities gave introduction on local currency and also, financial management.

6.       There will also be outreach activities organized on Wednesday 15 November in Tutong District, followed by the Temburong District and Belait District on Thursday 16 November and Monday 20 November respectively.

7.       For more information on the outreach activities, members of the public can visit AMBD's website at www.ambd.gov.bn; download AMBD App from the App Store or Google Playstore; or follow AMBD on Instagram at @autoriti_monetari. 

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3

Date: 25 Safar 1439H/ 14 November 2017M

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Press Release

AMENDMENTS TO NOTICE ON TOTAL DEBT SERVICE RATIO

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has made amendments to the Total Debt Service Ratio (TDSR) regulation on Thursday, 20 Safar 1439 corresponding to 9 November 2017. These amendments are part of AMBD's latest efforts in spurring economic growth, which has been gathering pace, as indicated by the recent economic expansion of 0.7 per cent year-on-year in the second quarter of 2017 (Q2 2017) and a forecasted growth of 0.7 per cent in 2018.  It will give banks the opportunity to use their excess liquidity more effectively which can consequently boost the banking industry's contribution to Gross Domestic Product (GDP).
     
  2. AMBD also continues to develop Brunei Darussalam's financial infrastructure and ecosystem through improved legislative and regulatory framework. The World Bank's Doing Business Report 2018 highlights significant improvements for getting credit in Brunei Darussalam, ranking Brunei Darussalam number 2, as more credit information is easily accessible for borrowers and lenders. In reviewing the amendments, AMBD's ongoing supervisory assessment of the banking sector also remarked the continuing resilience of the banking sector in the country.
     
  3. Against these positive developments, AMBD has therefore given banks the flexibility to exceed the maximum 60% TDSR policy for certain credit facilities.  This includes Mortgage Equity Credit facilities subject to certain conditions such as the property charged must be income-generating and not the sole property of the borrower.  The same TDSR flexibility is also given for fully secured credit facilities that are secured by cash or fixed deposits.  In addition, the TDSR policy for individuals with net monthly income of BND10,000 and above will now be subject to the banks and finance companies' internal credit policy.   AMBD has also relaxed the limit on banks' personal loan portfolio, which gives banks more flexibility to extend credit facilities to the household sector. 
     
  4. AMBD, as the regulator and supervisor of the financial sector, continues to monitor the effectiveness of its regulations to ensure that they are in line with the current economic and market environment.  Prior to this, AMBD has made a number of amendments to the TDSR framework to reflect the changing domestic economic and market environment.  In its first amendment to the TDSR framework in October 2015, AMBD increased the flexibility of the TDSR policy, particularly for business owners, to include variable income such as rental and other business income as part of their Gross Monthly Income, subject to certain conditions.  Apart from that, credit cards secured by fixed deposits were also excluded from the TDSR computation.  More recently, in August 2017, AMBD also fine-tuned the TDSR policy by allowing banks and Perbadanan TAIB to increase the TDSR limit from 60% to a maximum of 70% for credit facilities to finance the purchase or construction of properties such as houses.
     
  5. Whilst allowing certain flexibilities in the TDSR policy, the consumers must be empowered with the necessary financial knowledge and skills in order to practice prudent financial management.  As such, AMBD has been active in raising financial literacy and financial awareness by continuously conducting roadshows to ministries and schools, through the AMBD website and social media platforms, in order to bring the message of financial literacy to the general public at large.
     
  6. Since the introduction of the TDSR policy in June 2015, AMBD has observed notable developments in borrowers' TDSR levels with less borrowers having TDSR of exceeding 60 percent.  In September 2017, 26 per cent of borrowers were recorded to have TDSR above 60 percent compared to 36 per cent in June 2015.  This shows an improvement in the financial management of borrowers in the country.  The TDSR policy is expected to continue to foster a healthy and financially-sustainable society, which supports the aspiration of the Government of His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam towards Vision 2035.
     
  7. For more information or enquiries, members of the public can visit AMBD's website at www.ambd.gov.bn for a list of Frequently Asked Questions (FAQs); or download AMBD App from the App Store or Google Playstore.

 

Autoriti Monetari Brunei Darussalam

Date: 24 Safar 1439/ 13 November 2017

Ref: AMBD/COMMS/3

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ASEAN Capital Markets Forum.jpg

MEDIA RELEASE

Kuala Lumpur, 8 November 2017

 

Capital Market Regulators Launch ASEAN Green Bond Standards to Drive Sustainable Investments

The ASEAN Capital Markets Forum (ACMF) today held its inaugural ASEAN Capital Market Conference in Kuala Lumpur, Malaysia.

Themed "Strengthening ASEAN Capital Market Connectivity", the conference saw over 300 participants from the region, representing issuers, investors, intermediaries, regulators and experts from institutions like the Asian Development Bank, the Asian Infrastructure Investment Bank, the International Capital Markets Association and the World Bank.

Also present during the conference are ranging representations from Brunei Darussalam including the Autoriti Monetari Brunei Darussalam (AMBD), as the domestic securities regulator and member of ACMF, BIBD Securities Sdn Bhd, CIMB Investment Bank Berhad (Brunei Branch) and Standard Chartered Securities Sdn Bhd, whom collectively are members of the Brunei Darussalam Capital Market Association. This indicates the country's commitment in cultivating and strengthening economic and social linkages within the ASEAN bloc.

The panel sessions at the Conference discussed topics central to growth and opportunities in the region including infrastructure and green financing, corporate governance and changing market dynamics in the age of digitisation.

The launch of the ASEAN Green Bond Standards (AGBS) was held in conjunction with the Conference. The AGBS were developed based on ICMA's Green Bond Principles (GBP) tailored to meet the needs and commitment of ASEAN. The AGBS label is to be used only for issuers and projects in the region and specifically excludes fossil fuel-related projects.

A recent joint study by the World Bank and the ACMF confirmed the huge potential for green financing in ASEAN with global green bond issuances projected to increase to US$1 trillion by 2020.

With the launch of the ASEAN GBS, the AMBD encourages the application of the standards and welcomes issuances of green financing for infrastructure development projects in the country which can contribute to fostering the safety and long-term preservation of our environment.

Ranjit Ajit Singh, Chair of ACMF, said "ASEAN must grow in a responsible and sustainable manner. Growth cannot come at the expense of our future generations. We need to support efforts to protect the environment and the ASEAN Green Bond Standards will help in the allocation of resources towards climate friendly investments. I am also pleased to announce that the SEC Philippines has committed to signing on to the ASEAN MOU on Collective Investment Scheme (CIS), joining Singapore, Malaysia and Thailand."

"At the same time, at its 27th ACMF Meeting held yesterday, the ACMF also agreed to facilitate greater mobility of capital market professionals. This initiative will culminate in a pathway that allows professionals licensed by an ACMF member to provide designated services in another member's jurisdiction without having to meet additional requirements," Ranjit added.

Martin Scheck, Chief Executive, ICMA, commented, "We welcome the alignment of AGBS with Green Bond Principles, representing voluntary international guidelines that recommend transparency and disclosure, and promoting integrity in the green bond market. We also congratulate ACMF's remarkable initiative to introduce the ASEAN Green Bond Standards, and to promote the development of ASEAN Green Bonds and their compatibility with the international market."

Permodalan Nasional Berhad (PNB), via its wholly-owned subsidiary PNB Merdeka Ventures Sdn Bhd, is the first issuer in the region to have pledged to adopt the AGBS for its sukuk issuance to finance the construction of the Warisan Merdeka Tower, the third tallest building in the world upon completion.

The ACMF remains committed to increasing ASEAN connectivity and facilitating the development of market solutions by engaging and collaborating with industry and stakeholders through dialogue. It will also increase its interactions with the Industry Consultative Panels that it established to gather industry input for its proposals.

-End-

Note-to-Editors:

  • The ACMF is a high-level grouping of capital market regulators from all 10 ASEAN jurisdictions, namely Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
  • The Autoriti Monetari Brunei Darussalam is a member of the ACMF since its establishment in 2011.
  • The ASEAN Economic Community (AEC) was established in 2015 and is a major milestone in the regional economic integration agenda. ASEAN has a combined population of over 622 million people and in 2014, was collectively the third largest economy in Asia and the seventh largest in the world. 
  • More information on the ACMF and its initiatives can be found at the ACMF website www.theacmf.org.
  •  To download a copy of the ASEAN Green Bond Standards, please visit http://www.theacmf.org/ACMF/upload/ASEAN_Green_Bond_Standards

 

For media queries, please contact:

Autoriti Monetari Brunei Darussalam

Maz Khairunnisa Mohidin

Capital Market Unit

Phone: +673 8650441 / +673 2380063

Email: khairunnisa.mohidin@ambd.gov.bn  

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Press Release

ASEAN+3 BOND MARKET GUIDE

 

1.      Autoriti Monetari Brunei Darussalam (AMBD), with assistance from the Asian Development Bank (ADB) has published the Brunei Darussalam Bond Market Guide. This publication is part of the ASEAN+3 Bond Market Guide.

2.      The guide serves to promote awareness and to provide a source of information offering a comprehensive explanation of Brunei Darussalam's bond market. It is hoped that the publication will facilitate the development of capital market in Negara Brunei Darussalam, further the development of the region's bond markets, contribute to increased intraregional bond transactions, and promote efficient allocation of capital within the region.

3.      The Bond Market Guide for Negara Brunei Darussalam is accessible to the public through the Asian Bonds Online website at https://asianbondsonline.adb.org/.

 

Autoriti Monetari Brunei Darussalam

Reference: AMBD/COMMS/3

Date: 

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Press Release

APEC FINANCIAL REGULATORS TRAINING INITIATIVE (FRTI)

Regional Seminar on Regulation and Supervision of Stock Exchanges

The Kiulap Plaza Hotel, Bandar Seri Begawan

 

1.       Autoriti Monetari Brunei Darussalam (AMBD), together with  Asia-Pacific Economic Cooperation Financial Regulators Training Initiative (APEC FRTI) and the Asian Development Bank (ADB), recently hosted a regional seminar on Regulation and Supervision of Stock Exchanges at The Kiulap Plaza Hotel, Bandar Seri Begawan, Brunei Darussalam.

2.       The Opening Ceremony for the seminar was held on Monday, 3 Safar 1439 corresponding to 23 October 2017. Yang Mulia Hajah Rashidah binti Haji Sabtu, Acting Deputy Managing Director (Regulatory), AMBD, delivered the welcoming remarks. This was followed by the opening remarks delivered by Mr. Noritaka Akamatsu, Senior Advisor, ADB.
 3.       In her welcoming remarks, Yang Mulia Hajah Rashidah said that the underpinning objective of financial regulation and supervision is to ensure the effective functioning of the financial system and maintain financial stability. She also underlined the importance of a stock exchange as one of the most dynamic and organized components in the market based financial system that can provide the basis for the continuous growth of the economy. She also urged for securities regulators to be more proactive in market supervision and regulation in ensuring market stability and reducing systemic risk. 

4.       The seminar included talks given by experienced speakers and experts in the field of capital markets from the Asian Development Bank, Australian Securities and Investments Commission, Bursa Malaysia Berhad, Nasdaq, Hong Kong Exchanges and Clearing Limited and U.S. Securities and Exchange Commission.
5.       The seminar discussed the evolution of stock exchanges and its impact on key areas of regulations. It also examines the roles and responsibilities of the regulators in ensuring the safe and reliability of market operations in managing cyber security threats and crisis mitigation.

6.       The seminar, which ended on  Friday, 7 Safar 2017 corresponding to 27 October 2017, aims to build the capacity of the participants in promoting a well-regulated environment that supports the development of capital markets, in particular, stock exchanges, and to enable the participants to have better understanding in the areas of regulating and supervising stock exchanges.
7.       The seminar is attended by 51 local and foreign participants from securities regulators, capital market regulatory authorities and stock exchanges

8.       The APEC Finance Ministers endorsed the establishment of the APEC FRTI in May 1998 to strengthen financial supervision and regulation in the region by enhancing the analytical and technical capacity of bank supervisors and securities regulators. The APEC FRTI provides a sustainable, efficient, cost-effective training structure for junior and mid-level staff of financial supervisory and regulatory agencies and stock and derivative exchanges. To implement APEC FRTI, a Secretariat was established at ADB Headquarters in Manila, Philippines and is responsible for coordinating the design of the training programs, sourcing presenters and implementing the training activities.
9.       ADB is a regional development bank established on 22 August 1966 which is headquartered in Metro Manila, Philippines to facilitate economic development of countries in Asia. ADB aims for an Asia and Pacific free from poverty. Its mission is to help developing member countries reduce poverty and improve the quality of life of their people.

 

Autoriti Monetari Brunei Darussalam

Date :   7 Safar 1439 /  27 October 2017

Ref :     AMBD/COMMS/3

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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 of Brunei Darussalam;
  • Strong communication and analytical skills with good organizational and planning skills coupled with high capability in report writing; and
  • Be fluent in oral & written Malay and English as well as being IT literate.

1.       MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE (AML)

To perform Financial Intelligence Unit (FIU) functions and tasks as lead agency in Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT), in accordance to Financial Action Task Force (FATF) Recommendations.

MAIN RESPONSIBILITIES:

  • To monitor compliance of Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) to relevant AML/CFT laws and FATF Recommendations;
  • To plan and conduct off-site and on-site examinations for AML/CFT supervision on FIs and DNFBPs;
  • To prepare examination reports on FIs and DNFBPs;
  • To conduct outreach and training to FIs and DNFBPs; and
  • To perform any other duties as may assign from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in relevant subjects, including but not limited to areas of Audit, Finance, Banking or Business Management from universities or institutions accredited by Ministry of Education, Brunei Darussalam; and
  • Having an Association of Certified Anti-Money Laundering Specialists (ACAMS) AML Certification or International Compliance Association (ICA) Certification will be an advantage.

 

2.       MANAGER/MANAGER TRAINEE [M4]

INTERNAL AUDIT (INFORMATION TECHNOLOGY)

To perform detailed evaluation of information systems' internal controls, and perform audit reviews of computer information systems. 

MAIN RESPONSIBILITIES:

  • To perform general and application control reviews for simple to complex computer information systems as per audit work plan, including consulting with system administrators and other related employees on various operational issues related to information systems, and on general business operations as needed during the course of the audit;
  • To perform information control reviews to include system development standards, operating procedures, system security, programming controls, communication controls, backup and disaster recovery, and system maintenance, including performing IT security reviews to address audit objectives to mitigate information technology risks regarding the confidentiality, integrity, and availability of business information
  • To assess and evaluate compliance with relevant laws, regulations, and policies relevant within the scope of AMBD operations;
  • To prepare required audit working papers in compliance with the Institute of Internal Auditors (IIA) IPPF standards, such as audit memos, audit reports and questionnaires to ensure that adequate documentation exists to support the completed audit and conclusions, including preparation of written and oral reports and other technical information in a pertinent, concise, and accurate manner for distribution to Head of Internal Audit;
  • To follow up on IT audit findings to ensure that management has taken corrective action(s), including coordinating and interacting with external auditors, system administrators and any related consultants;
  • To determine and recommend improvements in risk management controls and implementation of system changes or upgrades; and
  • To maintain audit management system for Internal Audit Unit, including assisting and training other internal audit staff in the use of computerised audit techniques, and when required in developing methods for review and analysis of information systems.

    MINIMUM REQUIREMENTS: 
  • Possess good bachelor degree qualification with Honors in IT discipline (Computer Science, Information Technology and Computing) or any relevant subjects from universities or institutions accredited by Ministry of Education, Brunei Darussalam; and
  • Having professional qualifications or work experience in auditing, information systems auditing or any other fields such as project management, application and database administration/management, network infrastructure management, IT security management and/or vendor management will be an added advantage.
     

3.       MANAGER/MANAGER TRAINEE [M4]

TREASURY AND INVESTMENT MANAGEMENT

To manage and implement tasks and activities required in investing AMBD's funds, reporting to the     Executive Director of the unit.

MAIN RESPONSIBILITIES:

  • To assist in portfolio management;
  • To be responsible for performance measurement;
  • To monitor portfolio compliance with guidelines and restrictions;
  • To ensure compliance with international standards and regulations;
  • To perform portfolio risk analysis;
  • To provide competitive analysis on various companies' market offerings, identify market trends, pricing/business models, sales and methods of operation; and
  • To remain fully informed on market trends, other parties research and implement best practices.

    MINIMUM REQUIREMENTS:
     
  • Possess good bachelor degree qualification with Honors in Investments, Accounting, Finance, Economics, Business Administration, Business/Financial Mathematics, Statistics, Mathematics, or any other relevant majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having qualifications/certifications such as Chartered Financial Analyst (CFA)®, Association of Chartered Certified Accountants (ACCA), Financial Risk Manager (FRM)®, Professional Risk Manager (PRM)™, Certificate in Investment Performance Measurement (CIPM) or any other relevant investments and/or financial risk management qualification/certification would be an added advantage; and
  • Possess strong numeracy skills.
     

4.       MANAGER/MANAGER TRAINEE [M4]

BANKING (EXAMINER)

To perform ongoing on-site examination of banks and finance companies.

MAIN RESPONSIBILITIES:

  • To prepare risk based on-site examination reports for the concerned bank management and AMBD;
  • To provide reports to AMBD senior management on licensees' compliance with AMBD requirements through on-site examinations;
  • To follow up on findings and observations during the on-site examination and provide information to AMBD senior management and bank management accordingly;
  • To prepare information requested by other departments and agencies;
  • To implement the AMBD's Strategic Plan and Banking Unit's Work Plan; and
  • To perform any other duties as may assign from time to time.

    MINIMUM REQUIREMENTS:
  • Possess good bachelor degree qualification with Honors in Accounting, Finance or Economics from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having a minimum of 2 years of work experience as a bank regulator in other countries, or having work experience in banking or auditing sectors will be an advantage; and
  • Having professional qualifications such as Chartered Financial Analyst (CFA), Professional Risk Manager (PRM), Financial Risk Manager (FRM), Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) will be an advantage.
     

5.        MANAGER/MANAGER TRAINEE [M4]

BANKING SUPERVISION

To regulate and supervise the activities of the banks and finance companies.

MAIN RESPONSIBILITIES:

  • To supervise and monitor respective financial institutions in accordance with AMBD regulatory requirements;
  • To process licensing and other regulatory applications received from respective financial institutions;
  • To prepare information requested by other departments and agencies;
  • To assist on any international matters such as attending supervisory or other meetings;
  • To implement the AMBD's Strategic Plan and the Banking Unit's work plan; and
  • To perform any other duties as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Economics, Banking & Finance, or any other related majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having minimum of 3 years of work experience in the banking sector or in the auditing of banks. Experience in risk management, internal audit or compliance in a Multinational Bank or with an auditor of banks will be an added advantage; and
  • Having professional qualifications such as Institute of Bankers, Recognised Audit Qualification or Professional Status (Institute of Internal Auditors, CPA etc.) will be an advantage; and
  • Possess intermediate knowledge in Islamic Banking and Finance.

6.       MANAGER/MANAGER TRAINEE [M4]

MONETARY MANAGEMENT

To support and assist the Head of Unit by providing data analysis and report writing for liquidity management purposes, other than to ensure smooth operations and activities of liquidity and sukuk management, consistent with the department and organizational objectives.

MAIN RESPONSIBILITIES:

  • To conduct monetary operations, including but not limited to, liquidity operations, and sukuk issuances and redemptions;
  • To collect, monitor and forecast liquidity data;
  • To analyze liquidity data and monetary operations, and provide recommendations for future policy direction;
  • To conduct research on areas of relevance; and
  • To perform any other duties as may be assigned from time to time.

    MINIMUM REQUIREMENTS:
  • Possess good bachelor degree qualification with Honors in Economics, Banking & Finance, or any other related majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having minimum of 3 years of work experience in the banking sector, and experience in treasury will be an added advantage;
  • Having professional qualifications such as Chartered Financial Analyst would be an advantage;
  • Possess intermediate knowledge in Islamic Banking and Finance will be an advantage; and
  • Good knowledge of word processing, spreadsheet and database computer software packages.

7.       MANAGER/MANAGER TRAINEE [M4] 

TAKAFUL/INSURANCE

To license and supervise insurance companies, takaful operators and its intermediaries for the protection of policyholders/participants.

MAIN RESPONSIBILITIES:

  • To license insurance companies, takaful operators and intermediaries;
  • To ensure licensed insurance companies, takaful operators and intermediaries comply with the law and AMBD requirements;
  • To analyse the financial performance of licensees;
  • To participate in on-site examination of licensees; and
  • To carry out any tasks assigned by their senior officers.

    MINIMUM REQUIREMENTS:
  • Possess good bachelor degree qualification with Honors in Accounting, Actuarial Science, Insurance, or Islamic Finance from universities or institutions accredited by Ministry of Education, Brunei Darussalam; and
  • Having professional qualifications/certifications such as Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Chartered Accountants (CA), Fellow of Institute of Actuaries or any Islamic Finance related field would be an advantage.

8.       MANAGER/MANAGER TRAINEE [M4] 

INTERNATIONAL

To support Senior Manager/Executive Director by providing inputs and assistance in matters relating to international issues. To liaise with other departments in AMBD and other external agencies on related international issues.

MAIN RESPONSIBILITIES:

  • To prepare any international or bilateral meeting briefs;
  • To participate in any international or bilateral meetings, if required;
  • To liaise with relevant counterparties internally or externally in relation to any international matters;
  • To prepare and respond to surveys, questionnaires, inquiries, as required;
  • To arrange Memorandum of Understanding with other international agencies; and
  • To undertake any other tasks and responsibilities as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors specifically in specifically in Politics, International Relations, Economics, Political Economy, Law or any other relevant majors from universities or higher institutions accredited by Ministry of Education, Brunei Darussalam;
  • Having work experience in relevant field would be an advantage.


9.       MANAGER/MANAGER TRAINEE [M4] 

CREDIT BUREAU

The role focuses on procuring data from the Credit Bureau's Members on an ongoing basis, monitoring and maintaining the quality of data provided by the Members and manage relationship with credit, risk, IT and other relevant personnel of the Members from a data procurement point of view.

MAIN RESPONSIBILITIES:

  • To perform Data Processing & Reporting using Credit Bureau Application;
  • To perform data mining and generate statistical and analytical reports;
  • To liaise with data providers for resolving Data issues;
  • To perform Data Quality Analysis on regular basis;
  • To liaise with Credit Bureau Application team and Infrastructure team on application or infrastructure related issues;
  • To perform audit work on data integrity/quality; and
  • To assist in developing policies, procedures and processes in relations to Credit Bureau.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors specifically in Mathematics, Statistics, Information Management or any relevant majors from universities or higher institutions accredited by Ministry of Education, Brunei Darussalam; and
  • Having work experience in Data Management role and working knowledge of PLSQL would be an advantage.

 

10.      MANAGER/MANAGER TRAINEE [M4]  (TENTATIVE)

CAPITAL MARKET

  • To undertake review of listing applications by company(s) seeking listing and admission to the Brunei Darussalam Securities Exchange (BNX);
  • To monitor and supervise listed entities on compliance to pre listing requirements and post listing obligations; and
  • To monitor and supervise the Brunei Darussalam Exchange (BNX).

    MAIN RESPONSIBILITIES:

            I. Listing and Supervision of Markets:

    • To facilitate pre-submission consultations with the issuer and advisor to discuss potential issues pertaining to the IPO application such as practical / implementation issues and regulatory issues;
    • To undertake compliance review of company(s) offering documents with respect to public offerings under the Securities Markets Order, 2013, and Securities Market Regulations, 2015;
    • To prepare recommendations/proposal for Listing committee approval for Listing and admission of a company to Brunei Darussalam Securities Exchange (BNX);
    • To monitor and review issuer/company compliance to pre and post listing obligation; and
    • To undertake day to day administrative functions handling related activities of listed entities such as announcements.

             II.         Supervision of Securities Exchange:

    • To supervise and undertake real time monitoring of exchange activities;
    • To provide pre and post market summary on the exchange activities and prepare a report for the Authority;
    • To identify irregular and suspicious market activities;
    • To initiate initial investigation on suspicious and irregular market activities; and
    • Undertake periodical examination on the Exchange's operations and activities.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Law or Capital Markets / Accounting/ Finance / Economics from universities or institutions accredited by Ministry of Education, Brunei Darussalam;
  • Having work experience in Banking industry or companies holding CMSL is an advantage; and
  • Having qualified as a Chartered Accountant is an advantage.

 

11.   MANAGER/MANAGER TRAINEE [M4]

LEGAL AFFAIRS

To provide sound legal advice to all relevant departments under AMBD and to ensure effective management of overall legal risk.

MAIN RESPONSIBILITIES:

  • To draft, prepare, vet and review legal documents, including Contracts, Memorandum of Understanding, Notices, etc;
  • To deal with complex matters that cut across legal and finance related areas;
  • To provide sound legal advice  to  all departments  within AMBD and its Management;
  • To examine materials, such as publications, advertisements, etc., for legal implications which may affect AMBD;
  • To represent the Legal Affairs Unit in meetings, seminars, courses, etc.;
  • To contribute to the development of the AMBD's strategic plans; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Law (LLB) from universities or institutions accredited by the Ministry of Education, Brunei Darussalam; and
  • Having qualifications such as Barrister Professional Training Course qualification or a Masters in Law (LLM) qualification or its equivalent is an advantage. 

 

Interested applicants are requested to submit online only through Online Job Application Form (NO physical submission, nor email submissions, will be entertained) and 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 12.15 pm on Tuesday, 31st October 2017.

For any further inquiries, please email at hcd.recruitment@ambd.gov.bn

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED

  

 
​ 

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (October 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 150th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was B$ 32.4 million with following details:

SeriesIssuance DateMaturity DateTenorRental Rate
15012 October 201711 October 2018364 days1.1875%


 With this issuance, the Brunei Government has thus issued over B$11.26 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 October 2017 stood at BND 232.4 million.​​​

  


PRESS RELEASE

LAUNCHING CEREMONY
OF THE BND 50 COMMEMORATIVE POLYMER NOTE, COMMEMORATIVE COINS 
AND THE 5TH SERIES OF COINS IN CIRCULATION, 
AND THE STATE MUFTI’S OFFICE PUBLICATIONS ENTITLED ‘RAJA MELAKAR SEJARAH’ 
AND ‘THE KING WHO SHAPES HISTORY’ 
IN CONJUNCTION WITH THE GOLDEN JUBILEE CELEBRATION OF
HIS MAJESTY THE SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM’S 
ACCESSION TO THE THRONE

BANQUET HALL, PRIME MINISTER’S OFFICE (PMO)
BANDAR SERI BEGAWAN, BRUNEI DARUSSALAM
WEDNESDAY, 13 MUHARRAM 1439H CORRESPONDING TO 4 OCTOBER 2017M

 

1.       His Royal Highness Prince Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, The Crown Prince and Senior Minister at the Prime Minister's Office, as Chairman of the Autoriti Monetari Brunei Darussalam (AMBD) Board of Directors consented to attend the Launching Ceremony of the BND 50 Commemorative Polymer Note, Commemorative Coins and the 5th Series of Coins in Circulation, and the State Mufti's Office publications entitled 'Raja Melakar Sejarah' and 'The King Who Shapes History', in conjunction with the Golden Jubilee Celebration of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne  on Wednesday, 13 Muharram 1438H corresponding to 4 October 2017M, which took place at the Banquet Hall, Prime Minister's Office.

2.       His Royal Highness the Crown Prince, who is also the Patron of the Advisory Committee for the Golden Jubilee Celebration, was greeted on arrival by:

  • His Royal Highness Prince Haji Sufri Bolkiah ibni Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien, Member of the Advisory Committee for the Golden Jubilee Celebration;
     
  • the Co-Chairpersons of the Executive Committee for the Golden Jubilee Celebration, Yang Amat Mulia Pengiran Lela Cheteria Sahibun Najabah Pengiran Anak Haji Abdul Aziz bin Pengiran Jaya Negara Pengiran Haji Abu Bakar, Yang Di-Pertua Adat Istiadat Negara; Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs; 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 Second Minister of Finance; Yang Berhormat Pehin Datu Seri Maharaja Dato Paduka Seri Setia Ustaz Haji Awang Abdul Aziz bin Juned, State Mufti; and Yang Berhormat Pehin Orang Kaya Shahbandar Dato Seri Setia Haji Awang Mohd. Nawawi bin Pehin Orang Kaya Shahbandar Haji Awang Mohd. Taha, the Private and Confidential Secretary to His Majesty Sultan and Yang Di-Pertuan Brunei Darussalam.
     

3.       Also greeting His Royal Highness were members of the Executive Committee for the Golden Jubilee Celebration and members of the AMBD Board of Directors.

4.       The ceremony began with the recitation of Surah Al-Fatihah and a Doa Selamat led by Yang Berhormat Pehin Datu Imam Dato Paduka Seri Setia Ustaz Haji Awang Abdul Hamid bin Bakal.
5.       This was followed by welcoming remarks by Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs, as Co-Chairperson of the Executive Committee for the Golden Jubilee Celebration. 

6.       His Royal Highness the Crown Prince, then consented to launch the BND 50 Commemorative Polymer Note, Commemorative Coins and the 5th Series of Coins in Circulation, as well as the State Mufti's Office's publications entitled 'Raja Melakar Sejarah' and 'The King Who Shapes History', in conjunction with the Golden Jubilee Celebration of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.
7.       His Royal Highness the Crown Prince, also consented to a viewing of videos on the features of the BND 50 Commemorative Polymer Note, Commemorative Coins and the 5th Series of Coins in Circulation, as well as the State Mufti's Office publications entitled 'Raja Melakar Sejarah' and 'The King Who Shapes History', in conjunction with the Golden Jubilee Celebration; and the making of the BND 50 Commemorative Polymer Note, Commemorative Coins and the 5th Series of Coins in Circulation in conjunction with the Golden Jubilee Celebration. 

8.       Before leaving the ceremony, His Royal Highness consented to the 'junjung ziarah' by the members of the Executive Committee for the Golden Jubilee Celebration, members of the AMBD Board of Directors, Senior Officers from both the State Mufti's Office and AMBD, as well as the committee members of the Launching Ceremony.
9.       AMBD will be issuing 500,000 pieces of the BND 50 commemorative note, and the new 5th Series Coins in Circulation, which will be available for public exchange at face value across all banks and its branches from Monday, 9 October 2017. 

10.   In addition, an exclusive collection of several types of limited edition numismatic note and coin sets will also be available for pre-order from today, 4 October 2017. For more information, the public can visit https://www.ambd.gov.bn/HB50.
11.   For the State Mufti's Office publications, 'Raja Melakar Sejarah' and 'The King Who Shapes History', the book will be available for sale from Thursday, 5 October 2017 at the State Mufti's Office, Jalan Pengiran Babu Raja.   

 

Autoriti Monetari Brunei Darussalam

Date:                     13 Muharram 1439H/ 4 October 2017M

Ref No:                 AMBD/COMMS/3/2017

Download Malay version here

Download English version here

  


PRESS RELEASE

PRESS CONFERENCE
FOR THE BND 50 COMMEMORATIVE POLYMER NOTE, COMMEMORATIVE COINS 
AND THE 5TH SERIES OF COINS IN CIRCULATION, 
IN CONJUNCTION WITH THE GOLDEN JUBILEE CELEBRATION OF
HIS MAJESTY THE SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM’S 
ACCESSION TO THE THRONE

WEDNESDAY, 13 MUHARRAM 1439H CORRESPONDING TO 4 OCTOBER 2017M

  

1.                   His Royal Highness Prince Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, The Crown Prince and Senior Minister at the Prime Minister's Office, as Patron of the Advisory Committee for the Golden Jubilee Celebration and Chairman of the Autoriti Monetari Brunei Darussalam (AMBD) Board of Directors has consented to officiate the Launching Ceremony of the  BND 50 Commemorative Polymer Note, Commemorative Coins and the 5th Series of Coins in Circulation, in conjunction with the Golden Jubilee Celebration of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne on Wednesday, 13 Muharram 1438H corresponding to 4 October 2017M, which took place at the Banquet Hall, Prime Minister's Office.

2.                   Subsequent to the event, a press conference was held by AMBD led by Yang Mulia Pg Maslina binti Pg Haji Mahmud, Acting Executive Director, Currency Management Unit, accompanied by Yang Mulia Hjh Nurhuaida Fakhriah binti Hj Damit, Head of Corporate Communications; Juffry bin Emran, Senior Manager, Currency Management Unit; and Noor Izzah binti Hj Abu Bakar, Manager, Currency Management Unit. They shared the details of the BND 50 Commemorative Polymer Note, Commemorative Coins and the 5th Series of Coins in Circulation, issued in conjunction with the Golden Jubilee Celebration of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne.  

 

DESIGN OF THE COMMEMORATIVE BND 50 POLYMER NOTE

3.                   The new BND 50 polymer note represents a number of significant features to mark the Golden Jubilee Celebration of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam's Accession to the Throne. The new note is yellow in colour, signifying the royal colour. The obverse side of the note features a new portrait of His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam in Royal Brunei Armed Forces ceremonial uniform.

4.                   This commemorative note also shows an image of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam crowned by His Majesty's late father, Al-Marhum Sultan Haji Omar Ali Saifuddien Sa'adul Khairi Waddien, with the Jame' 'Asr Hassanil Bolkiah Mosque in the background.

5.                   The reverse side of the note features an image of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, the People's Monarch, interacting with the members of the public accompanied by His Royal Highness Prince Haji Al-Muhtadee Billah, the Crown Prince; reflecting their concern and care towards His Majesty's subjects.

6.                   The main security feature is the face value BND 50, located on the top right corner of the note, which is a newly introduced security feature for a Brunei Darussalam polymer note called spark live. The spark live is a silkscreen printed optical variable feature with a rolling bar effect from green to gold colour. The designer for this commemorative note is Yang Mulia Pengiran Khamarol Zaman bin Pengiran Haji Tajudin.


DESIGN OF THE COMMEMORATIVE COINS

7.                   Besides the commemorative note, AMBD is also issuing limited edition commemorative coins in gold and silver, which features the portrait of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam surrounded by 50 Payung Diraja, symbolising 'Raja Payung Negara', which reflects His Majesty's personality as a compassionate leader, protecting and safeguarding the country, as well as ensuring that His Majesty's subjects welfare are well taken care of. The reverse side features the image of the Mahkota used during His Majesty's Coronation Ceremony on 1 August 1968.

 

DESIGN OF THE 5TH SERIES COINS IN CIRCULATION

8.                   This Golden Jubilee Celebration is also more meaningful with the introduction of a new series of circulation coins to commemorate this auspicious event. The obverse side of the new coin series features a new portrait of His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, Sultan and Yang Di-Pertuan of Brunei Darussalam.  The reverse side of this 5th coin series represent the significant royal regalia used during the Coronation Ceremony. The designer for this coin series is Yang Mulia Pengiran Amir bin Pengiran Haji Sablon.    

9.                   Alongside this, AMBD is also issuing 50 cents coins with special jawi inscription "Sempena Sambutan Jubli Emas Kebawah Duli Yang Maha Mulia Paduka Seri Baginda Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah Menaiki Takhta" in limited quantity of 500,000 pieces for circulation.

10.               AMBD is also allocating a number of these 50 cents coins in special packaging, which will be distributed to students in all pre-schools, primary and secondary schools as well as sixth-from centres in all four districts nationwide later in the year.

11.               In conjunction with the celebration, the following limited edition commemorative products will be available for sale at AMBD:

              Img01.JPG

12.               Members of the public who wishes to purchase these limited edition products can place their pre-orders from 12pm on Wednesday, 4th October 2017, until Wednesday, 25th October 2017. The link for the pre-order can be found at https://www.ambd.gov.bn/HB50. Sets that are oversubscribed will be subjected to balloting and will be available for collection by the public from Monday, 6 November 2017.

13.               For the new commemorative notes and coins for circulation, members of the public may exchange them at face value from branches of Baiduri Bank, Bank of China, Hong Kong (BOCHK), BIBD, HSBC Brunei, Maybank, RHB Bank, Standard Chartered Bank, UOB, and Perbadanan TAIB commencing from Monday, 9th October 2017, onwards.

14.               For more information, please visit AMBD website at http://www.ambd.gov.bn/hb50.

 

Autoriti Monetari Brunei Darussalam

Date :   13 Muharram 1439H /  4 October 2017M

Ref :     AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

MEMORANDUM OF UNDERSTANDING BETWEEN

FINANCIAL INTELLIGENCE UNIT, AUTORITI MONETARI BRUNEI DARUSSALAM AND

CAMBODIA FINANCIAL INTELLIGENCE UNIT, NATIONAL BANK OF CAMBODIA

 

1.                   The Financial Intelligence Unit, Autoriti Monetari Brunei Darussalam (FIU, AMBD) signed a Memorandum of Understanding (MOU) with the Cambodia Financial Intelligence Unit, National Bank of Cambodia (CAFIU) in Bandar Seri Begawan on 27 September 2017.

2.                   Under the MOU, both agencies agree to cooperate in the exchange of financial intelligence that may assist in the investigation and prosecution of persons suspected of money laundering and terrorism financing. This marks the strong commitment of both agencies in the global fight against money laundering and terrorism financing.

3.                   The MOU with CAFIU is the fifth MOU signed by the FIU, AMBD. Current MOUs include those signed with the Financial Intelligence Units of Malaysia, Indonesia, South Korea and Bangladesh.

4.                   The signing of MOUs with other Financial Intelligence Units is in line with the Principles of Information Exchange of the Egmont Group, the global organisation of international Financial Intelligence Units. FIU,AMBD became a member of the Egmont Group in June 2014 and CAFIU became a member in June 2015.

5.                   In addition, the signing of MOUs is an important step towards complying with international standards on anti-money laundering and combating the financing of terrorism, in particular, the Financial Action Task Force, Recommendation 29.

6.                   FIU,AMBD and CAFIU are the central agencies in Brunei Darussalam and Cambodia respectively for receiving, requesting, analysing, and disseminating disclosures of suspicious transaction reports and other information related to money laundering and terrorism financing.

 

Autoriti Monetari Brunei Darussalam

Date: 18th Muharram 1439/ 9th October 2017

Ref No: AMBD/COMMS/3


Download Malay version here

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PRESS RELEASE

ESTABLISHMENTS OF A COMPLAINTS HANDLING FUNCTION 

WITHIN FINANCIAL INSTITUTIONS

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has recently issued a notice (Notice No: FCIU/N1/2017/1) to all financial institutions for the establishment of a Complaints Handling Function within financial institutions which will be effective from 1st January 2018. As part of AMBD's continuous effort in strengthening financial consumer protection, the notice gives financial consumers an effective redress mechanism of their complaints on financial products and services.

  2. Under this notice,   financial institutions are required to establish a Complaints Handling Function, including complaints handling and redress procedure, providing financial consumers with an accessible, independent, fair, accountable, timely and efficient means for resolving complaints with regard to their financial transactions.

  3. Essentially, the Complaints Handling Function will be the first stop for customer(s) to lodge complaints against the financial institutions. The financial institutions are to provide the complainants with a final response within 30 working days after the date of receipt of the complainant's complaint or provide a written response informing the complainant of the reasons for the delay, and the client's right to refer the complaint to AMBD.

  4. If complaints are not satisfactorily resolved by the financial institutions within six (6) months of first receiving the complaint, the complainants may escalate their complaints to the AMBD. AMBD may, if applicable, direct that the complaint be settled through mediation at the Brunei Darussalam Arbitration Centre.

  5. 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:    8 Muharram 1439 /       29 September 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 (September 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 149th 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
14921 September 201721 December 201791 days0.8125%


 With this issuance, the Brunei Government has thus issued over B$11.2282 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 21st September2017 stood at BND 338.2 million.​​​

Download PDF Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 149th Series

  

 
​ 

SEACEN COURSE ON DEALING WITH PROBLEM AND NEAR PROBLEM BANKS

Bandar Seri Begawan, Brunei Darussalam

 

  1. Autoriti Monetari Brunei Darussalam (AMBD), in cooperation with the South East Asian Central Banks Research and Training Centre (SEACEN), had organised the Course on Dealing with Problem and Near Problem Banks from Monday, 25 September 2017 to Friday, 29 September 2017, at The Rizqun International Hotel in Gadong.
     
  2. Present to officiate the course was Yang Mulia Hjh Rashidah binti Haji Mohd Sabtu, the Assistant Managing Director (Regulatory and Supervision), AMBD, followed by the welcoming remarks, delivered by Mr Glenn Tasky, Director, Financial Stability and Supervision & Payment and Settlement Systems, The SEACEN Centre.
     
  3. This course on Dealing with Problem and Near Problem banks focuses on the knowledge and skills required to identify red flags and other early warning indicators in the detection of problem banks, and to design timely and adequate enforcement measures, within the legal framework, to encourage or compel corrective action.
     
  4. The course was customised for central banks/monetary authorities of the SEACEN members countries.  It was attended by 35 officers from AMBD, National Bank of Cambodia, Reserve Bank of India, Bank of the Lao PDR, The Bank of Mongolia, Nepal Rastra Bank, Central Bank of Myanmar, Central Bank Chinese Taipei, Bank of Thailand, State Bank of Pakistan, The Brunei Darussalam Deposit Protection Corporation, Indonesia Deposit Insurance Corporation and Deposit Insurance of Vietnam.

 

Autoriti Monetari Brunei Darussalam

Date: 7 Muharram 1439 / 28 September 2017

Ref: AMBD/COMMS/3 


Download Malay version here

Download English version here


  

PRESS RELEASE

SIGNING CEREMONY FOR THE PARTICIPANT SERVICE AGREEMENT

BETWEEN AUTORITI MONETARI BRUNEI DARUSSALAM AND

THE HOUSING DEVELOPMENT DEPARTMENT, MINISTRY OF DEVELOPMENT

BANDAR SERI BEGAWAN, BRUNEI DARUSSALAM

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) recently signed a Participant Service Agreement on the collaboration of credit information exchange with the Housing Development Department (HDD) of Ministry of Development.  HDD is a department under the Ministry of Development, which is responsible to provide, assess and assign homes for eligible applicants of the National Housing Scheme (NHS) of Negara Brunei Darussalam.  The signing ceremony was held at the headquarters of Ministry of Development in Berakas, Brunei Darussalam. 

2.       On behalf of the HDD, the agreement was signed by Yang Mulia Awang Haji Muhammad Lutfi bin Abdullah, Permanent Secretary (Administration & Finance) at the Ministry of Development and witnessed by Yang Mulia Awang Haji Mohd Zakaria bin Haji Sarudin, Senior Special Duties Officer, Ministry of Development.  Signing on behalf of AMBD was Yang Mulia Awang Yusof bin Haji Abd Rahman, Managing Director of AMBD, and witnessed by Yang Mulia Awang Mohammed Roaizan bin Haji Johari, Assistant Executive Director (Credit Bureau).

3.       The Participant Service Agreement provides the provision for the HDD to submit credit information of the recipients of the NHS under the purview of HDD to the Credit Bureau of AMBD.  In turn, the Agreement also enables the HDD to obtain credit reports provided by the Credit Bureau, which will be used specifically to assist the HDD in assessing the creditworthiness of the NHS applicants.  The underlying objective of this collaboration is to provide the HDD with a better assessment tool in determining the suitability or appropriateness of the type of housing scheme that will be extended to the applicants in consideration of their capability and capacity to service the commitment.  This is to ensure the recipients would not unnecessarily overburden themselves financially in the long run. 

4.       This collaboration initiative is consistent with the Credit Bureau's strategic development plan in expanding its data coverage beyond the traditional credit information obtained from the financial institutions. The objective of collecting value-added data such as those obtained from the HDD is to augment the existing banking information as it provides a more holistic view of the individual's credit standing; further enhancing the credit risk management of the financial institutions.

5.       The Credit Bureau of AMBD collects and collates all factual credit information from various data providers, and to compile them into a credit report.  To date, the data providers of the Credit Bureau consist of all the licensed banks, finance companies and the Islamic Trust Fund as well as telecom and utility service providers in Brunei Darussalam, namely DST Communication Sendirian Berhad, Telekom Brunei Berhad (TelBru), Progresif Cellular Sendirian Berhad, and the Department of Electrical Services.

6.       For further information on the Credit Bureau of AMBD, please visit http://www.ambd.gov.bn/birokredit or email birokredit@ambd.gov.bn.


Autoriti Monetari Brunei Darussalam

Date: 17 Zulhijjah 1438 / 8 September 2017

Reference: AMBD/COMMS/3

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AUTORITI MONETARI BRUNEI DARUSSALAM OPERATIONS

ON FRIDAY, 1 SEPTEMBER 2017

 

1.            Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public that AMBD's office will not be in operation on Friday, 9 Zulhijjah 1438H corresponding  to 1 September 2017M to replace the Hari Raya Aidiladha public holiday on Saturday, 10 Zulhijjah 1438H corresponding to 2 September 2017M .

2.            This includes all AMBD services, such as the AMBD Currency Gallery, Credit Bureau Customer Service Counter, the Financial Consumer Issues Services Desk, Payment Counters and all other AMBD Counter Services.

3.            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, Automated Cheque Clearing House (ACH) and Central Securities Depository (CSD) will be in operation on Friday, 1 September 2017M under normal operating hours.

4.            AMBD's office will reopen on Monday, 12 Zulhijjah 1438H corresponding to 4 September 2017M.

5.            AMBD would like to apologize for any inconvenience caused and would like to take this opportunity to wish all Muslims Selamat Hari Raya Aidiladha.

 

Autoriti Monetari Brunei Darussalam

Date:     8 Zulhijjah 1438H / 31 August 2017M 
Reference: AMBD/COMMS/3

  

 
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SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (August 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 148th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was B$ 50 million with following details:

SeriesIssuance DateMaturity DateTenorRental Rate
14817 August 201717 May 2018273days0.8125%


 With this issuance, the Brunei Government has thus issued over B$11.1282 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 17th August 2017 stood at BND 438.2 million.​​​

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