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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

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (February 2018) - 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 154th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND100 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
1548 February 201810 May 201891 Days0.8750%

 

With this issuance, the Brunei Government has thus far issued over BND 11.66 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 as at 8th February 2018 stood at BND 432.4 million.

Download PDF  here

  


PRESS RELEASE

AUTORITI MONETARI BRUNEI DARUSSALAM

TO CONDUCT TELEPHONE SURVEY ON FINANCIAL INCLUSION

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public that AMBD will be conducting a telephone survey starting from Monday, 5th February 2018 and is expected to run for four weeks.

  2. The survey is conducted as part of Brunei Darussalam's participation in an ASEAN-wide initiative to measure the level of financial inclusion, including individuals' behaviour in saving and borrowing money, making payments, and managing financial risks.

  3. This survey will be carried out by AMBD staff, who will identify themselves at the start of the survey and the survey aims to sample 700 respondents who will be selected at random. AMBD will only be calling land lines for the survey, and respondents can expect general questions regarding topics, such as bank account ownership, debit/credit card ownership, and spending, saving and borrowing behaviour. AMBD will NOT be asking for personal information, such as  bank account numbers or debit/credit card details. Members of the public may access the full survey from AMBD's website at www.ambd.gov.bn to verify the questions that will be asked.  

  4. The data collected from the study will allow policymakers to monitor the level of financial inclusion in Brunei Darussalam over time, and to aid in policy formulation, addressing areas of concern. Individual responses will be kept confidential.  

  5. AMBD would greatly appreciate the public's kind cooperation to participate in this survey, which should take not more than 30 minutes. Each respondent who successfully completes the survey will be rewarded.

  6. For enquiries and information regarding the survey, members of the public may contact AMBD at 2380007 or 2233371. The public may also contact AMBD if they wish to verify the authenticity of an interviewer.

 

Autoriti Monetari Brunei Darussalam

Date:     16 Jamadilawal 1439H /  2 February 2018M 
Reference: AMBD/COMMS/3


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Please Click here for Survey Questions

  


PRESS RELEASE

False Information on Brunei Darussalam 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 BND 1,000,000 (One million Brunei Dollars) and a certificate supporting the currency.

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 it is against the law to possess forged and counterfeit currency notes and bank notes under the Penal Code (Cap. 22), punishable upon conviction with a fine and imprisonment up to a maximum period of 10 years.  

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

 

Autoriti Monetari Brunei Darussalam

Date: 21 Rabiulakhir 1439H / 8 January 2018M

Ref: AMBD/COMMS/3

Download Malay version here

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PRESS RELEASE

VIDEO REGARDING COUNTERFEIT BND100 NOTE

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has recently found a video circulating among members of the public via social media and text messages with regards to a counterfeit BND100 note. 

  2. AMBD, upon investigation, has found that the note was paper and does not have the features of a polymer note, specifically a BND100 polymer note. AMBD would like to share that all Brunei Darussalam's polymer banknotes have distinctive security features. Details of these security features can be found on AMBD's website.  

  3. AMBD would 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. It is also against the law to possess forged and counterfeit currency notes and bank notes under the Penal Code (Cap. 22), punishable upon conviction with a fine and imprisonment up to a maximum period of 10 years.  

  5. AMBD would like to remind the public to be vigilant, and to report any suspicious currency or bank notes to the Royal Brunei Police Force (RBPF) or AMBD. 

  6. For further enquiries and information, members of the public may contact AMBD at 2388388, email info@ambd.gov.bn, download the AMBD App, which can be downloaded from the 'AppStore' and the 'Google Playstore'; or AMBD's website at http://www.ambd.gov.bn; or by following AMBD on Instagram at @autoriti_monetari.

 

Date : 26 Rabiulakhir 1439H / 13 January 2018M

Reference :  AMBD/COMMS/3


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PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (January 2018) - 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 153rd issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND100 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
15311 January 201812 April 201891 Days0.8750%

With this issuance, the Brunei Government has thus far issued over BND 11.56 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 as at 11th January 2018 stood at BND 432.4 million.

Download PDF  here

  

PRESS RELEASE

THANKSGIVING CEREMONY

IN CONJUNCTION WITH SEVENTH ANNIVERSARY

OF THE ESTABLISHMENT OF AUTORITI MONETARI BRUNEI DARUSSALAM

 

JAME' 'ASR HASSANIL BOLKIAH MOSQUE,

BANDAR SERI BEGAWAN, BRUNEI DARUSSALAM

THURSDAY, 17 RABIULAKHIR 1439H CORRESPONDING TO 4 JANUARY 2018M

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) today held a thanksgiving ceremony in conjunction with the seventh anniversary of its establishment at the Jame' 'Asr Hassanil Bolkiah Mosque, 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 Mulia Dato Seri Paduka Haji Mohd Roselan bin Haji Mohd Daud, Acting Minister at the Prime Minister's Office; 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 and Tahlil , followed by Doa Kesyukuran in conjunction with the seventh anniversary of the establishment of AMBD, led by Yang Dimuliakan Begawan Pehin Khatib Dato Paduka Haji Mustafa bin Haji Murad,  Imam of the Jame' 'Asr Hassanil Bolkiah Mosque.


Autoriti Monetari Brunei Darussalam

Date                     :               17 Rabiulakhir 1439H / 4 January 2018M

Reference           :               AMBD/COMMS/3


Download Malay version here

Download English version here

  

JOINT PRESS RELEASE

BRUNEI-SINGAPORE COMMEMORATIVE NOTES RECOGNISED FOR OUTSTANDING USE OF HOLOGRAPHY

 

  1. The innovative optical security feature on the commemorative notes for the 50th Anniversary of the Currency Interchangeability Agreement between Brunei Darussalam and Singapore won the Best Applied Security Product award category at the recent Excellence in Holography Awards 2017. The security feature also received a Commendation Award in the Innovation in Holographic Technology category. The Excellence in Holography Awards are conferred annually by the International Hologram Manufacturers Association (IHMA) to recognise the outstanding and effective use of holography. [1]

  2. The commemorative notes were jointly launched on 5 July 2017 by 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 and His Excellency Mr. Lee Hsien Loong, Prime Minister of Singapore, to mark the 50th Anniversary of the Currency Interchangeability Agreement between Brunei Darussalam and Singapore. [2]

  3. Both the Brunei Darussalam and Singapore commemorative notes feature a diffractive, see-through security window that depicts Brunei Darussalam's Istana Nurul Iman and Singapore's Istana. The feature uses nanoparticles to create special diffractive and colour-shifting optical effects which are visible to the naked eye but extremely difficult for counterfeiters to replicate. The IHMA noted in its award citation that "this feature represents a significant technological advancement, as the science behind its development is a real step change for both polymer substrate and holograms".

  4. For more information on the 50th Anniversary of the Currency Interchangeability Agreement commemorative notes, please visit AMBD's website or MAS' website, download the AMBD App through the Apple App Store or Google Playstore, or view MAS' video on the commemorative notes.

 

Autoriti Monetari Brunei Darussalam

Date:   11  Rabiulakhir 1439H/   29   December 2017M

Ref No: AMBD/COMMS/3


Download Malay version here

Download English version here


[1] Please refer to the IHMA's website for more information on the Excellence in Holography Awards.

[2] Please refer to the press release, "Brunei Darussalam and Singapore celebrate 50th Anniversary of the Currency Interchangeability Agreement".


Image of the Winning Security Feature

The winning security feature is present on both the Brunei Darussalam and Singapore notes

The winning security feature is present on both the Brunei Darussalam and Singapore notes

  

PRESS RELEASE

PUBLIC TO EXERCISE HIGH CAUTION WITH CRYPTOCURRENCIES

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) is highly concerned with the proliferation of cryptocurrencies globally. AMBD would like to remind the public that cryptocurrencies are not legal tender in Brunei Darussalam and are not regulated by AMBD. Members of the public are reminded to be vigilant and to exercise extreme caution when dealing with cryptocurrencies which are privately issued.
     
  2. Cryptocurrency, such as Bitcoin, Bitcoin Cash and Ether, is a form of digital currency which operates independently from monetary authorities or central banks.  Cryptocurrency transactions are anonymous and are often traded on platforms of unknown jurisdictions in which the authenticity of its operators are difficult to verify.
     
  3. Cryptocurrency is also susceptible to being misused as intermediary for illegal activities. It is also highly susceptible to cybersecurity risks as evidenced by several high profile thefts involving the hacking of organisations in the cryptocurrency network. Criminals have also defrauded consumers by posing as well-known cryptocurrency websites and services. 
     
  4. The recent rapid escalation in the value of certain cryptocurrencies, including Bitcoin, is driven by high speculation and there is no clear sense of the fundamental value of these cryptocurrencies. The risk of losing its value is high and without any regulatory safeguards, members of the public are not protected under the laws administered by AMBD.  The international communities remain vigilant and AMBD will continue to closely monitor the development of issues surrounding them.
     
  5. AMBD would like to remind the public to be careful when participating in any investment plans or financial transactions.  The public is advised not to be easily enticed by any investment or financial activity advertisements, and to conduct due diligence and understand the financial products properly before participating.
     
  6. 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 Rabiulakhir 1439H/   22 December 2017M

Ref: AMBD/COMMS/3


Download Malay version here

Download English versionhere

  

PRESS RELEASE

AUTORITI MONETARI BRUNEI DARUSSALAM (AMBD) POLICY STATEMENT 2/2017

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) today published its bi-annual policy statement for the second half (ending in December) of 2017. 

  2. In the Policy Statement 2/2017, AMBD remarked preliminary data has indicated that the global economy continued to expand during the second half of the year . The domestic economy has also grown 0.7% year-on-year during the second quarter of the year contributed by the expansion in, both, the oil and gas sector and the non-oil and gas sector. Domestic inflation in 2017 is expected to be in the range of -0.2% to 0.1%.

  3. AMBD also highlighted that the key financial soundness indicators in the banking sector remained at healthy levels amid a challenging global environment. AMBD will continue to review the regulatory environment to ensure financial stability is maintained, whilst encouraging the continued development of the financial sector.

  4. As part of AMBD's commitment towards enhancing its regulatory framework in line with international best practices, AMBD will continue to enhance its regulatory capacity through the improvement of its reporting standards, legislation, supervisory best practices and the general regulatory framework.

  5. AMBD will also continue to undertake activities towards achieving the aspirations of the Government of His Majesty the Sultan and Yang Di-Pertuan Negara Brunei Darussalam to develop Brunei Darussalam as a reputable Islamic financial centre.

  6. The full version of AMBD Policy Statement 2/2017 (Here) or can be found on AMBD's website at www.ambd.gov.bn

 

Autoriti Monetari Brunei Darussalam

Date:    4 Rabiulakhir 1439H/    22 December 2017M

Ref No: AMBD/COMMS/3


Download Malay version here

Download English version here


  

PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (December 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 152nd issuance of short-term Sukuk Al-Ijarah securities.

 

The total of the sukuk issuance was BND100 million with the following details:

 

SeriesIssuance DateMaturity DateTenorRental Rate
1527 December 20178 March 201891 Days0.8125%

 

With this issuance, the Brunei Government has thus far issued over BND 11.46 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 as at 7th December 2017 stood at BND 432.4 million.


  

PRESS RELEASE

COUNTER-TERRORISM FINANCING CONFERENCE

The Empire Hotel and Country Club, Jerudong

Tuesday, 9 Rabiulawal 1439 corresponding to 28 November 2017

 

1.                   Autoriti Monetari Brunei Darussalam (AMBD), through the Financial Intelligence Unit (FIU), has organised Brunei Darussalam's first Counter-Terrorism Financing Conference on Tuesday, 9 Rabiulawal 1439H corresponding to 28 November 2017M at the Empire Hotel and Country Club, Jerudong.

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 Dato Seri Paduka Awang Haji Hamdan bin Haji Abu Bakar, Deputy Minister at the Prime Minister's Office. In his opening remarks, YM Dato Seri Paduka Haji Hamdan underscored the importance of countering the financing of terrorism in Brunei Darussalam, and reiterated the main objective of the Conference which is to improve awareness and understanding of terrorism financing issues among relevant stakeholders, towards increasing Brunei Darussalam's compliance towards international counter-terrorism financing standards.

3.                   Also present during the event were Co-Chairs of the National Anti-Money Laundering and Combating the Financing of Terrorism Committee (NAMLC), Yang Mulia Dato Paduka Awang Ahmaddin Bin Haji Abd Rahman, Permanent Secretary at the Ministry of Finance, and Yang Mulia Awang Mohamed Riza bin Dato Paduka Haji Mohamed Yunos, Permanent Secretary at the Prime Minister's Office; as well as other members of the NAMLC.

4.                   A keynote presentation was delivered by Mr. Alistair Sands from the Australian Transaction Reports and Analysis Centre, which covered regional terrorism financing risks that Brunei Darussalam faces, as well as outcomes of the recent Counter-Terrorism Financing Summit held in Kuala Lumpur, Malaysia.

5.                   The Conference consisted of three panel sessions delivered by international experts in the field of counter-terrorism financing, domestic intelligence and law enforcement agencies, as well as representatives from the private sector. Themes include the counter-terrorism financing regime in Brunei Darussalam, the impact of social media and technological developments on terrorism financing, and the role of the private sector in counter-terrorism financing.

6.                   The Conference was attended by 200 participants including Government officials, AMBD, and representatives from the private sector.

 

Autoriti Monetari Brunei Darussalam

Date: 9 Rabiulawal 1439/ 28 November 2017

Ref No: AMBD/COMMS/2

Download Malay version here

Download English version here

  


Press Release

NOTICE ON MARKET CONDUCT

 

1.                   Autoriti Monetari Brunei Darussalam (AMBD) has recently issued a Notice (Notice No: FCIU/N2/2017/1) on market conduct which requires all financial institutions to exhibit greater disclosure and transparency of the financial products and services that they offer; provide fair treatment to financial consumers; and to undertake appropriate actions to address identified deficiencies in controls or provision of financial products. This Notice will be effective from 1st January 2018.

2.                   The introduction of this Notice is part of AMBD's continuous effort to strengthen financial consumer protection by promoting better understanding of the products and services offered by financial institutions among consumers. This will help consumers make informed financial decisions and in turn, increase their trust and confidence in dealing with  financial institutions.

3.                   With this Notice, financial institutions are required to ensure that their customers have an accurate and holistic understanding of their products and services. This includes providing customers with ready access to information that accurately represent the nature and structure of the product or service, its terms and conditions, as well as its fundamental benefits and risks. Financial institutions' staff or representatives should also be sufficiently trained to disclose information in a transparent manner. In addition, all advertisements and promotional materials of the financial products offered should not make false, misleading, or deceptive statements that may materially and/or adversely affect a customer's decision making.

4.                   In the event that a financial institution identifies any deficiencies in the controls or provision of their financial products, the remedial actions include moderating, withdrawing, and/or providing refund for prohibited fees and charges; rectifying and resolving potential violations due to mis-selling practices; and modifying or withdrawing misleading advertisements.

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:      5 Rabiulawal 1439 /      24 November 2017

Ref: AMBD/COMMS/3


Download Malay version here

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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

 

Download Malay version here

Download English version here

  

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

Download Malay version here

Download English version here

  


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

 

Download Malay version here

Download English version here

  

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


Download Malay versionhere

Download English version here

  

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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SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM

SUKUK AL-IJARAH SECURITIES

 

Bandar Seri Begawan, Brunei Darussalam (November 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 151st 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
15102 November 201701 February 201891 days0.8750%


 With this issuance, the Brunei Government has thus issued over B$11.36 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 November 2017 stood at BND 332.4 million.​​​

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