News Archive
Skip Ribbon Commands
Skip to main content

News Archive

PostDateIcon

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

PostAuthorIcon

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

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (September 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 161st issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND15 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
161
06 September 2018
05 September 2019
364Days1.5000%

 

With this issuance, the Brunei Government has thus far issued over BND 12.17 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 6th September 2018 stood at BND 347.4 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 161st Series


  


PRESS RELEASE

Notice on Overnight Standing Facilities

  1. Autoriti Monetari Brunei Darussalam (AMBD) issued the Notice (Notice No: BU/N-7/2018/57 and BU/N-8/2018/58) on the introduction of the Overnight Standing Facilities on Thursday, 3rd Muharram 1440 corresponding to  13th September 2018. The Overnight Standing Facilities aim to support effective and efficient liquidity management of the banks and to facilitate the smooth functioning of the financial system. The Notice was issued following several rounds of consultations with the Brunei Association of Banks (BAB) on the proposed framework.
     
  2. As part of the objectives set out in the Brunei Darussalam Financial Sector Blueprint 2016-2025, AMBD has been taking steps towards creating conditions conducive to the development of a more efficient money market in Brunei Darussalam. This is in line with the functions of AMBD as stipulated under the AMBD Order, 2010, to develop and manage the interbank funds system as well as to establish the requirements for its participants.
     
  3. In designing the Overnight Standing Facilities framework, AMBD ensures that the instruments and operations in relation to the framework are strictly consistent with the Currency Board principles, as Brunei Darussalam remains fully committed to the Currency Board Arrangement, and the Currency Interchangeability Agreement with the Republic of Singapore.
     
  4. The introduction of the dual Overnight Standing Facilities seeks to create a level playing field for both the Islamic and conventional banks in Brunei Darussalam. The Facilities consist of Syariah-Compliant Funding and Acceptance Facilities as well as Conventional Lending and Deposit Facilities. The Funding and Lending facilities allow banks to obtain Brunei Dollar liquidity from AMBD, against sufficient eligible collateral on an overnight basis. Meanwhile, the Acceptance and Deposit Facilities allow banks to place excess deposits in Brunei Dollars with AMBD, on an overnight basis. Eligible counterparties of the Facilities shall consist of the licensed banks in Brunei Darussalam only.
     
  5. For more information on the Overnight Standing Facilities, members of the public may view the technical notes on the AMBD website at www.ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date: 3 Muharram 1440 / 13 September 2018

Ref: AMBD/COMMS/3

Download Malay version here

Download English version here

Download Technical Notes here

  

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

General Requirements:

  1. Applicants for the positions must be citizens of His Majesty the Sultan and Yang Di-Pertuan Negara Brunei Darussalam;
  2. Strong communication and analytical skills with good organizational and planning skills coupled with high capability in report writing;
  3. Be fluent in oral & written Malay and English as well as being IT literate; and
  4. Management experience must include managing and overseeing the work of a team of counsels (applicable for Principal Counsel Position [M1] Only)
     

1.         PRINCIPAL COUNSEL [M1]

LEGAL AFFAIRS

To provide accurate and timely legal advice and to ensure effective management of overall legal risk

MAIN RESPONSIBILITIES:

  • To advise and offer counsel to the Management on a variety of legal issues;
  • To support AMBD's efforts to reach the objectives of Wawasan 2035;
  • To work closely with various internal business units in support of their core functions;
  • To act as Corporate Secretary to AMBD's Board of Directors;
  • To manage various projects and deadlines;
  • Must possess an immense veracity, extensive understanding on wide range of legal issues encompassing finance, employment, corporate governance amongst others;
  • To negotiate, write, and execute agreements, Memorandum of Understandings (MOUs) and contracts;
  • To draft, review and advise on current and any future laws under AMBD's purview;
  • To ensure legal objectives are met in a timely manner;
  • To carry out research on unique legal issues impacting the organization by identifying applicable statutes and judicial decisions;
  • To carry out Legal Research, including identifying applicable statutes and judicial decisions;
  • Must keep abreast of legislative changes that may affect AMBD;
  • To review other documentations to ensure compliance with legal requirements;
  • To develop solutions to complex legal questions;
  • To oversee and develop a team of highly motivated counsels on regulatory and related matters;
  • To ensure consistent application of law-related policy across AMBD; and
  • To provide supervision to external lawyers hired to assist the organization with their specialized legal services.

MINIMUM REQUIREMENTS:

  • Possess good degree qualifications in LLB (Hons) Law or equivalent from Universities accredited by the Ministry of Education, Brunei Darussalam;
  • Applicants must be a qualified barrister having passed the Barrister Professional Training Course or its equivalent;
  • A Masters in Law (LLM) qualification will be an added advantage; and
  • 20 years or more working experience in related field.

     

2.         SENIOR MANAGER [M3]

ADMINISTRATION

To assist the Head of Administration in the operational day-to-day running of Administration with a view to eventually lead his/her own team within Administration.

MAIN RESPONSIBILITIES:

  • To assist the Head of Administration in overseeing the operational day-to-day running of the function;
  • To set new or review existing policies and procedures related to Administration, where needed;
  • To monitor the function's compliance to processes and recommend for improvements;
  • To verify and review the work of junior officers and staff; and
  • To lead the Facilities Management team in the near future.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Business Administration, Business Management, Accounting, Finance, Banking or Economics from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • A minimum of 5 years of work experience in a general administration role, procurement and supply role or facilities management role; and
  • Professional qualifications such as Health and Safety (HSSE), CIPS or similar, procurement and supply qualification will be an added advantage.

 

3.       MANAGER/MANAGER TRAINEE [M4]

BANKING

Develop regulations and policies for the banking industry and to regulate and supervise the activities of the banks and finance companies

MAIN RESPONSIBILITIES:

  • To formulate relevant regulations and policies for the banking industry in line with international standards and best practices;
  • To conduct research on the relevant regulations and policies implemented for the banking sector regionally and internationally;
  • 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 implement the AMBD's Strategic Plan, Work Plan and any task assigned from time to time;
  • To assist on any international matters such as attending supervisory or other meetings; and
  • To perform other duties as may be assigned from time to time.


    MINIMUM REQUIREMENTS:
  • Possess good bachelor degree qualification with Honours from universities and institutions accredited by Ministry of Education in Economics, Banking & Finance, Islamic Banking or similar;
  • Strong research skills and capabilities;
  • Good analytical skills;
  • Professional Qualifications such as Institute of Bankers, Recognised Audit Qualification or Professional Status (Institute of Internal Auditors, Certified Public Accountant, etc.);
  • Professional experience or qualification in risk management or assessment;
  • Ability to conduct risk assessments of financial institutions; and
  • Prior working experience in the banking sector or in the auditing profession will be an advantage.  For applicants from the banking sector, those who are assigned in risk management, credit risk management, internal audit, or compliance in a multinational bank are preferred and will be an added advantage.

     

4.         MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE (AML/CFT SUPERVISION)

To perform Financial Intelligence 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 be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honours in Audit, Finance, Banking or Business Management, or any other related majors from universities and institutions accredited by Ministry of Education in  , Brunei Darussalam; and
  • Having Association of Certified Anti-Money Laundering Specialists (ACAMS AML Certification or International Compliance Association (ICA) Certification will be an advantage.

5.         MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE (ANALYSIS)

To perform Financial Intelligence 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 conduct financial/ network analysis and assessment to identify suspicious transactions;
  • To produce reports and present findings to relevant stakeholders;
  • To conduct research into trends and developments in the area of money laundering and the financing of terrorism;
  • To liaise with relevant stakeholders on AML/CFT matters; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honours from universities and institutions accredited by Ministry of Education, Brunei Darussalam in relevant subjects, including but not limited to areas of criminology, forensic accounting or social statistics.
  • An ACAMS AML Certification or ICA Certification will be  an added advantage.

 

6.         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, etc.;
  • To arrange Memorandum of Understanding with other international agencies; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honours specifically in Politics, International Relations, Economics, Political Economy, Law or any other relevant majors from universities and institutions accredited by Ministry of Education, Brunei Darussalam. 

7.         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, Guidelines and other;
  • 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 and advise on materials such as publications, advertisements etc., for legal implications which may affect AMBD;
  • To represent the Legal Affairs Unit in committees, 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 degree qualification in Law (LLB) or higher from universities and institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possess Barrister-at-Law qualifications or its equivalent or possess Solicitor professional qualifications or its equivalent.  Applicants with a Masters in Law (LLM) qualifications or its equivalent will also be considered; and
  • Prior working experience is not necessary, although applicants who are capable of showing some level of experience in a related field will be an added advantage.

     

8.         MANAGER/MANAGER TRAINEE [M4]

ECONOMICS, RESEARCH AND STATISTICS

To ensure the statistics are compiled and published timely with high quality and accuracy. To frequently liaise with the internal and external stakeholders on any statistics-related matters.

MAIN RESPONSIBILITIES:

  • To compile, validate, review and analyze statistics on a regular basis particularly the Monetary and Financial Statistics. Then, the data to be published online and disseminated to the external stakeholders;
  • To liaise with the relevant stakeholders within AMBD and external parties, such as the International Monetary Fund; and Department of Economic Planning and Development (JPKE), particularly on any statistics-related matters;
  • To assist in matters pertaining on the Centralised Statistical System (CSS) and will be responsible as one of the Business Relation Managers for CSS;
  • To ensure all data are updated on timely basis and of high quality;
  • To collect and compile the inputs from other functions within AMBD with regards to the preparation of the quarterly report; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honours in Statistics, Mathematics, Economics, Finance, or any other related majors from universities and institutions accredited by Ministry of Education, Brunei Darussalam;
  • Possess intermediate skills in the use of Microsoft Excel; and
  • Basic knowledge on EViews will be an added advantage.

9.         MANAGER/MANAGER TRAINEE [M4]

MACROPRUDENTIAL POLICY AND FINANCIAL SURVEILLANCE

To provide economic analysis, undertake economic surveillance and research with regards to global and domestic economy, monetary policy, financial stability and central banking issues.

MAIN RESPONSIBILITIES:

  • To undertake economics research particularly in the area of central banking such as the macroeconomic performance, monetary policy and financial stability;
  • To undertake global and domestic economic surveillance;
  • To understand monetary and financial statistics and be able to interpret the changes to the statistics; and
  • To perform other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honours in Economics or any other degree with Economics as the major subject from universities and institutions accredited by Ministry of Education, Brunei Darussalam ; and
  • Prior relevant work experience will be an added 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 noon on Friday, 21st September 2018.

 For any enquiries, please contact us at hcd.recruitment@ambd.gov.bn 

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED

  


PRESS RELEASE

WARNING ON UNREGULATED ENTITIES

  1. It has come to Autoriti Monetari Brunei Darussalam (AMBD)'s attention that United Formula Company (UFC) has allegedly been making false representations to potential and existing clients that their business or products are AMBD approved. Members of the public should be aware that United Formula Company (UFC) as been listed on the AMBD alert list since 10th January 2018

  2. AMBD has received an increasing number of complaints and queries from members of the public who have incurred losses from participating in unregulated financial investments. AMBD would like to reiterate its advice to members of the public to be extremely cautious when participating in any scheme or financial transactions that are not regulated under the laws administered by AMBD or are listed in the AMBD Alert List.

  3. AMBD would also like to advise the public to only deal with persons or entities that are regulated by AMBD. AMBD's regulatory framework aims to safeguard the interests of investors by ensuring that only competent and qualified persons may provide financial services.
     
  4. The public should exercise great caution when they come across what appears to be an investment opportunity that promises high returns with representations or assurances of negligible risks or even being risk free.  The public should also be wary of schemes that focus on attracting new clients to make investments. These are most likely to be financial scams or even Ponzi schemes that fall outside of AMBD's regulatory protection.
     
  5. Members of the public may check the list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity on the AMBD Alert List available on the AMBD website at www.ambd.gov.bn.
     
  6. The list of persons and institutions licensed by AMBD can also be found on AMBD's website; or on the AMBD app downloadable at AppStore and Google Playstore.

 

Autoriti Monetari Brunei Darussalam

Date:  12 Zulhijjah 1439 / 24 August 2018

Ref:  AMBD/COMMS/3


Download Malay version here

Download English version  here

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

 

1.            Autoriti Monetari Brunei Darussalam (AMBD) would like to inform members of the public that the AMBD Alert List has been updated.

2.            The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.

3.            AMBD would also like to inform the public that the following companies or individuals have been included in the Alert List for month of July and August 2018:

  1. Amanah Rahman Feeds;
  2. FBS Brunei Forex;
  3. HongKong Sito Investment Limited;
  4. Hot Forex Brunei;
  5. OATG Traders (Organisation of Abandoned Talented Generation); and
  6. Tifia Markets Limited.

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

5.            It has come to AMBD's attention that events involving the introduction to, marketing and educating of unlicensed investment products by those who are listed in the AMBD Alert List and/or those who do not have approval from the Authorities are held at business premises. AMBD would like to remind all business owners in Brunei Darussalam to enquire whether events' organizers have obtained the necessary approval from the respective Authorities to conduct such events. Business owners, as part of their due diligence, should also check against the Alert List as to whether event organisers are listed in the Alert List.

6.            AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. AMBD will also continue to actively monitor any suspicious or unlicensed financial activities in Brunei Darussalam. If the public have any information on unlicensed financial activities, please contact AMBD at 2380007 or email us at fci@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date:                     Zulkaedah 1439/                August 2018

Reference:           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 (August 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 160th 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
160
09 August 2018
08 November 2018
91 Days1.3125%

 

With this issuance, the Brunei Government has thus far issued over BND 12.16 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 9th August 2018 stood at BND 332.4 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 160th Series

  


PRESS RELEASE

MEMORANDUM OF UNDERSTANDING BETWEEN

FINANCIAL INTELLIGENCE UNIT, AUTORITI MONETARI BRUNEI DARUSSALAM AND

ANTI-MONEY LAUNDERING INTELLIGENCE OFFICE, NATIONAL COORDINATION COMMITTEE FOR ANTI-MONEY LAUNDERING AND COUNTER-FINANCING OF TERRORISM OF THE LAO PEOPLE'S DEMOCRATIC REPUBLIC

Wednesday, 12 Zulkaedah 1439 corresponding to 25 July 2018

Kathmandu, Nepal

 

1.                   The Financial Intelligence Unit, Autoriti Monetari Brunei Darussalam (FIU, AMBD) signed a Memorandum of Understanding (MOU) with the Anti-Money Laundering Intelligence Office, National Coordination Committee for Anti-Money Laundering and Counter-Financing Of Terrorism Of The Lao People's Democratic Republic (AMLIO) on the margins of the Asia/Pacific Group on Money Laundering Annual Meeting on Wednesday, 12 Zulkaedah 1439 corresponding to 25 July 2018, in  Kathmandu, Nepal.

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 AMLIO is the seventh MOU that FIU, AMBD has signed. Current MOUs include those signed with the Financial Intelligence Units of Malaysia, Indonesia, South Korea, Bangladesh, Cambodia and Singapore.

4.                   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.

5.                   FIU, AMBD and AMLIO are the central agencies in Brunei Darussalam and Lao People's Democratic Republic 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: 12 Zulkaedah 1439/ 25 July 2018

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 (July 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 159th 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
159
12 July 201811 October 2018
91 Days1.0000%

 

With this issuance, the Brunei Government has thus far issued over BND 12.06 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 12th July 2018 stood at BND 332.4 million.

Download PDF hereSuccessful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 159th Series

  


NATIONAL SAVINGS DAY 2018 ROADSHOW

 INSTITUTE OF BRUNEI TECHNICAL EDUCATION (IBTE)

SULTAN SAIFUL RIJAL CAMPUS, BRUNEI MUARA

WEDNESDAY, 27TH SYAWAL 1439 CORRESPONDING TO 11TH JULY 2018

 

1.          Autoriti Monetari Brunei Darussalam (AMBD) concluded its series of roadshows for National Savings Day 2018 with a final roadshow held at the Institute of Brunei Technical Education (IBTE) Sultan Saiful Rijal Campus on. The roadshow, held on Wednesday, 27th Syawal 1439 corresponding to 11th July 2018, was a collaboration between AMBD with the Ministry of Education (MOE), Radio Television Brunei (RTB), and Employee Trust Fund (TAP).

2.          The event was graced by the guests of honour, Yang Berhormat Dayang Siti Rozaimeriyanty binti Dato Seri Laila Jasa Haji Abdul Rahman and Yang Berhormat Dayang Nik Hafimi binti Abdul Haadii, Members of the Legislative Council. Senior officers from AMBD and MOE were also present at the event.

3.          Similar to previous National Savings Days roadshows, the aim of this year's roadshows is to increase awareness on the importance of savings and financial independence amongst students–maintaining the "Financially Literate Generation" theme. In 2016, National Savings Day roadshows were targeted to primary school students, followed by secondary school students in 2017. This year, the target audience are students from sixth form centres and higher education institutions. This is in line with AMBD's goal to develop a financially literate generation and Brunei Vision 2035's objectives of achieving a dynamic and sustainable economy and a highly skilled population.

4.          Over 550 students from across the country participated in the roadshows, where financial management concepts and local currency were introduced through interactive financial-related activities. Activities were jointly organised by AMBD, TAP, Junior Achievement Brunei, local banks, local insurance companies and Takaful operators.

5.          The next event in line to celebrate National Savings Day 2018 is the 3rd Financial Fun Fair –a 2-day family fun-filled event. The event will be held at the Jerudong Park Colonnade on Saturday, 4th August 2018 from 4pm to 10pm and on Sunday, 5th August 2018 from 12pm to 6pm. Additionally, a Financial Showcase, in conjunction with National Savings Day 2018, is also scheduled in September 2018. 

6.          For more information on National Savings Day 2018, members of the public can visit the AMBD website at www.ambd.gov.bn/nsd2018, download the AMBD App via the App Store or Google Playstore, or follow AMBD on Instagram at @autoriti_monetari.

 

Autoriti Monetari Brunei Darussalam

Date:         27 Syawal 1439/ 11 Julai 2018

Ref:            AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

INAUGURAL RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR BRUNEI DARUSSALAM

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published the first Residential Property Price Index (RPPI) for Brunei Darussalam. The base year of the index is 2015 and the index will be published on a quarterly basis. The index is published by AMBD with close cooperation of the Ministry of Development, in particular the Authority for Building Control and Construction Industry (ABCi).

2.       The index assesses real estate market conditions and tracks changes in the average price level of residential properties in all four districts of Brunei Darussalam. The index can play a role in the measurement of affordability of home-ownership. It may also serve as a macroeconomic indicator of economic growth and a financial stability or soundness indicator to measure risk exposure.
3.       In Q1 2018, the RPPI was at 87.3, a decrease of 2.7% year-on-year compared to Q1 2017 and a decrease of 7.7% quarter-on-quarter compared to Q4 2017. 


IMG 01.JPG

IMG 02.JPG

IMG 03.JPG

IMG 04.JPG 

4.       Based on mortgage data obtained from banks, there were 92 transactions for residential properties in Q1 2018. The majority of these transactions were for detached houses (51%), followed by terrace houses (22%), semi-detached houses (16%), apartments (7%), and land (4%).

5.       The median purchase price for all properties was BND250,000. The median purchase prices for specific types of properties were BND299,000 for detached houses, BND260,000 for semi-detached houses,  BND185,000 for terrace houses, BND205,000 for apartments, and BND82,000 for land purchases. The overall median purchase price of residential properties in Q1 2018 decreased by 11% year-on-year compared to Q1 2017 and decreased by 6% quarter-on-quarter compared to Q4 2017.
6.       The published statistics and index should be treated as general information only and should not relied on solely to draw specific conclusions on a particular property as property values vary with location, land size, floor area and so on.

7.       For more information on RPPI, members of the public may view technical notes on the methodology and statistics on the AMBD website at www.ambd.gov.bn and follow updates on RPPI through AMBD's Instagram account @autoriti_monetari.



Autoriti Monetari Brunei Darussalam

Rujukan: AMBD/COMMS/3

Tarikh:    22 Syawal 1439H/ 6 Julai 2018M              

       

 

Please click here for more technical details.


Download Malay version of Press Release here

Download English version of Press Release here

  


PRESS RELEASE

PUBLIC TO EXERCISE HIGH CAUTION WITH PHISHING SCAMS

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) would like to advise the public to be cautious when dealing with emails requesting for sensitive information associated with their bank accounts.

2.         AMBD has observed an increasing attempt in phishing scams targeting members of the public. The scams came in the form of emails allegedly sent from banks, asking customers to review or update their personal details, including information on their bank accounts, online banking user names and passwords. Some of the emails may include URL link or attachments, such as a PDF document or a word document that redirects customers to a phishing website. Customers who receive such emails are advised to not follow the instructions of the senders and should report them promptly to their banks.

3.         AMBD would also like to advise the public to familiarize themselves with the characteristics of phishing scams to avoid from becoming a victim to the scam. Members of public are also advised to be wary and to always verify with their banks when receiving any suspicious emails from the banks. 

4.      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.

 

Autoriti Monetari Brunei Darussalam

Date:   29  Sya'ban 1439H/      15  May 2018

Ref No: AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

NATIONAL SAVINGS DAY 2018 ROADSHOW

 PUSAT TINGKATAN ENAM TUTONG

WEDNESDAY, 20TH SYAWAL 1439 CORRESPONDING TO 4TH JULY 2018

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) in collaboration with the Ministry of Finance through the Employee Trust Fund (TAP), Ministry of Education (MOE) and Radio Television Brunei (RTB) along with relevant agencies and financial institutions, held its third National Savings Day 2018 roadshow at Pusat Tingkatan Enam Tutong, on Wednesday, 20th Syawal 1439 corresponding to  4th July 2018.
2.       The guests of honour for the event were Members of the Legislative Council, Yang Berhormat Awang Haji Abdul Wahab bin Apong, Penghulu of Mukim Tanjong Maya, Tutong and Yang Berhormat Awang Ramli bin Haji Lahit, Penghulu of Mukim Telisai, Tutong. Senior officers from AMBD and MOE were also present at the event.

3.       Similar to previous National Savings Day roadshows over the years, the roadshow follows the same theme –"Financially Literate Generation". In 2016, the National Savings Day activities were targeted to primary school students, followed by activities for secondary school students in 2017. This year, the National Savings Day roadshows are brought to sixth form centres and higher education institutions across the country. This is a part of AMBD's efforts to develop a financially literate generation and recognize Brunei Vision 2035's objectives of achieving a dynamic and sustainable economy with a highly-skilled population.
4.       Around 400 students from sixth form centres and higher education institutions participated in interactive financial-related games and activities prepared and organized by AMBD, TAP, banks and insurance companies/ takaful operators and Junior Achievement Brunei. The games and activities aimed to introduce students to financial management concepts as well as some background on the local currency.

5.       The final roadshow will be held in the Brunei and Muara District next week on Wednesday, 11th July 2018 at IBTE Sultan Saiful Rijal. 

6.       The highlight of National Savings Day 2018 will be the 3rd Financial Fun Fair, which will be held at the Jerudong Park Colonnade on 4th August 2018 from 4pm to 10pm and on 5th August 2018 from 12pm to 6pm. The fun fair will feature a host of family fun-packed programs and interactive activities.
7.       For additional information on National Savings Day 2018, members of the public can visit AMBD website at www.ambd.gov.bn/nsd2018, download the AMBD App via the App Store or Google Playstore, or follow AMBD on Instagram at @autoriti_monetari. 

 

Autoriti Monetari Brunei Darussalam
Date:         20 Syawal 1439/ 4 Julai 2018

Ref:            AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

NATIONAL SAVINGS DAY 2018 ROADSHOW

SEKOLAH MENENGAH SAYYIDINA ALI

KUALA BELAIT

MONDAY, 18TH SYAWAL 1439 CORRESPONDING TO 2ND JULY 2018

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) in collaboration with the Ministry of Education (MOE), Radio Television Brunei (RTB), Employee Trust Fund (TAP), as well as relevant agencies and financial institutions, held its second National Savings Day 2018 roadshow at Sekolah Menengah Sayyidina Ali, Kuala Belait , on Monday, 18th Syawal 1439 corresponding to 2nd July 2018.
2.       The guest of honour for the event was the Member of the Legislative Council, Yang Berhormat Awang Hanapi bin Mohd Siput, Village Head of Kampong Labi 1, Kuala Belait. Also present at the roadshow were senior officers from AMBD and MOE.

3.       Similar to the past years, the roadshow maintains the same theme of "Financially Literate Generation". In 2016, the National Savings Day activities were targeted to primary school students, followed by activities for secondary school students in 2017. This year, the National Savings Day roadshows are brought to sixth form centres and higher education institutions. This is a part of AMBD's efforts to develop a financially literate generation and recognize Brunei Vision 2035's objectives of achieving a dynamic and sustainable economy and a highly-skilled population.

4.       Around 400 students from sixth form centres and higher education institutions from across the country participated in interactive financial-related games and activities organized by AMBD, TAP, banks and insurance companies /takaful operators  and Junior Achievement Brunei. The games and activities gave the participants an introduction to financial management as well as some background on the local currency.

5.       The next roadshows will be held in Tutong District on 4th July 2018 followed by Brunei Muara District on 11th July 2018.

6.       The highlight of National Savings Day 2018 will be the Financial Fun Fair, which will be held at the Jerudong Park Colonnade on 4th August 2018 from 4pm to 10pm and on 5th August 2018 from 12pm to 6pm, and will feature a host of family fun-packed programs and interactive activities. Besides that, a Financial Showcase will also be held the following month, in September 2018.

7.       For additional information on National Savings Day 2018, members of the public can visit AMBD website at www.ambd.gov.bn/nsd2018, download the AMBD App via the App Store or Google Playstore, or follow AMBD on Instagram at @autoriti_monetari. 


  
Autoriti Monetari Brunei Darussalam
Date:         13 Syawal 1439/ 27 June 2018

Ref:            AMBD/COMMS/3


Download Malay version here

Download English version here

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

 

1.            Autoriti Monetari Brunei Darussalam (AMBD) would like to inform members of the public that the AMBD Alert List has been updated.

2.            The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.

3.            AMBD would also like to inform the public that FOINS (Financial.org Blockchain Systems) has been included in the Alert List for month of June 2018.

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

5.            AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. AMBD will also continue to actively monitor any unlicensed financial activities in Brunei Darussalam. If the public have any information on unlicensed financial activities and services, please contact AMBD at 2380007 or email us at fci@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date:                     22 Syawal 1439/ 29 June 2018

Reference:          AMBD/COMMS/3

Download Malay versionhere

Download English version here

  

                             

JOINT PRESS RELEASE

RBPF, AITI AND AMBD JOINT AWARENESS PRESS RELEASE ON SCAM CALLS


1.            The Royal Brunei Police Force (RBPF), Authority for Info-communications Technology Industry of Brunei Darussalam (AITI) and Autoriti Monetari Brunei Darussalam (AMBD), would like to remind the public to be wary of scammers using mobile and landline phones to dishonestly acquire personal information with the intention of causing financial loss.

2.            There have been reports of the public receiving calls from local and international numbers with pre-recorded messages pretending to law enforcement or government. The purported officials will try to obtain your personal information or accuse you of committing a crime in a foreign country and extort payment to clear your name. The conversation can be conducted in any language with most of the recent calls being made in Mandarin.    

3.            The public should be aware that these calls are not necessarily from the phone numbers which appear in caller identification.  The real source of the call is hidden or masked to portray the image of a legitimate call.  Because, of this, it is very difficult to trace the real source of the call.  This is a challenge being faced globally, and Brunei is not the only target for these scammers.

4.            The Authorities would like to advise the public to take the following steps when encountering these calls:

4.1          Ignore calls from unknown numbers, whether local or international;

4.2          Be aware that international law enforcement agencies and organisations, such as Interpol, will never contact or request for personal information directly;

4.3          Always be extra cautious when answering calls from unknown numbers. If you have answered such a call, please hang up immediately. Do not call back as it is likely to be a spam call;

4.4          Never share any personal information especially relating to banking matters over the phone. This includes:

    • Identity Card Numbers or Passport Numbers;
    • ATM, Debit Card or Credit Card Details including CVC numbers; and/or
    • Online Usernames or Passwords.

 4.5          Never share any personal information especially relating to banking matters over the phone. This includes:Never transfer or remit funds to unknown organisations or individuals abroad. Banks and remittance businesses in the country will also be taking necessary actions in tackling the matter including creating customer awareness and conducting enhanced due diligence when carrying out any financial transactions abroad. 


Download Malay version here
Download English version here
  


PRESS RELEASE

NATIONAL SAVINGS DAY 2018 ROADSHOW

SEKOLAH UGAMA ARAB MENENGAH

PENGIRAN RAJA ISTERI PENGIRAN ANAK HAJAH SALEHA,

KAMPONG KATOK

WEDNESDAY, 13TH SYAWAL 1439 CORRESPONDING TO 27TH JUNE 2018

 

1.       Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Ministry of Education (MOE), Ministry of Religious Affairs (MORA), Radio Television Brunei (RTB), the Employee Trust Fund (TAP), as well as related agencies and financial institutions, held its first National Savings Day 2018 roadshow at Sekolah Ugama Arab Menengah Pengiran Raja Isteri Pengiran Anak Hajah Saleha (SUAMPRIPAHS), Kampong Katok, on Wednesday, 13th Syawal 1439 corresponding to 27th June 2018.
2.       The Guest of Honour for the event was Yang Berhormat Khairunnisa binti Ash'ari, Member of the Legislative Council. Also present during the roadshow were senior officers from AMBD, as well as senior officers from Ministry of Education, Ministry of Religious Affairs, Brunei-Muara District Office, and SUAMPRIPAHS.

3.       With the theme "Financially Literate Generation", the roadshow is hoped to increase awareness on the importance of savings, financial independence and to encourage individuals and households, in particular students, to be more financially-savvy in the future.  This is in line with AMBD's efforts to develop a financially literate generation and drive the Brunei Vision 2035 objectives towards achieving a dynamic and sustainable economy, as well as highly-skilled population.
4.       100 students from sixth form centres and secondary schools in the Brunei-Muara District were invited to participate in interactive financial-related games and activities organized by AMBD, TAP, BIBD, Baiduri Bank and Junior Achievement. The games and activities gave an introduction on financial management and also local currency.

5.       The next roadshow will be held on Monday, 2nd July in the Belait District, followed by roadshows in the Tutong District on Wednesday, 4th July, and once again in the Brunei-Muara District on Wednesday, 11th July.

6.       Other events planned in conjunction with National Savings Day 2018 are the Financial Fun Fair, which will be held at the Jerudong Park Colonnade on Saturday, 4th August 2018 from 4pm to 10pm, and Sunday, 5th August from 12pm to 6pm. The Financial Fun Fair will feature a host of family fun-filled programs and interactive activities; and the Financial Showcase in September 2018.
7.       For more information on National Savings Day 2018, members of the public can visit AMBD's website at www.ambd.gov.bn/nsd2018; download AMBD App from the App Store or Google Playstore; or follow AMBD on Instagram at @autoriti_monetari. 



Autoriti Monetari Brunei Darussalam
 
Date:         13 Syawal 1439/ 27 June 2018

Ref:            AMBD/COMMS/3

Download Malay version here

Dowload English version here

  


AUTORITI MONETARI BRUNEI DARUSSALAM

INVITATION TO TENDER FOR HUMAN RESOURCE MANAGEMENT SYSTEM (HRMS)

AUTORITI MONETARI BRUNEI DARUSSALAM

 

REFERENCE: AMBD/JTK/ITT2018/02

Terms and Conditions:

1.       Interested applicants may obtain the softcopy of the tender document, with a tender fee of BND50.00 (non-refundable), and e-document fee of BND5.00 (non-refundable), from Account and Finance, Corporate Affairs Division, Autoriti Monetari Brunei Darussalam, 2nd Floor, Brunei Currency Monetary Board Building (BCMB), Commonwealth Drive, Bandar Seri Begawan BB3910, Brunei Darussalam during the following hours:

Monday – Thursday8:30 am – 11:30 am

2:00 pm – 4:00 pm

Friday8:30 am – 10.30 am

3:00 pm – 4:00 pm

2.       All tender documents should be submitted in a sealed envelope without revealing the identity or logo of the company. The project title, reference number, and closing time and date of the tender are to be stated on the top left-hand corner of the envelope and addressed to:

Pengerusi

Jawatankuasa Tawaran Khas

Autoriti Monetari Brunei Darussalam

Level 14, Ministry of Finance Building

Commonwealth Drive

Bandar Seri Begawan BB 3910

Negara Brunei Darussalam

3.       The proposal must be valid for three (3) months from the closing date. Any proposal which is valid for less than the said duration will be rejected.
4.       AMBD does not bind itself to accept the lowest tender or any other tenders received.

5.       All tender documents should be received by AMBD not later than Monday, 9 July 2018 at 2:00 pm. Tender documents received after the aforementioned deadline will not be entertained.

Download Malay version here

  


PRESS RELEASE
OPERATING HOURS FOR AUTORITI MONETARI BRUNEI DARUSSALAM
IN CONJUNCTION WITH SYAWAL 1439H/ 2018M PUBLIC HOLIDAYS

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public of the following:

If 1st Syawal 1439H falls onAMBD* will be closedAMBD* will reopen
Friday, 15th June 2018MFriday, 15th June until Tuesday, 19th June 2018MWednesday, 20th June 2018M
Saturday, 16th June 2018MMonday, 18th June until Wednesday, 20th June 2018MThursday, 21st June 2018M

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

2.                   However, to ensure smooth operation of the Brunei Dollar Interbank Transfers, the AMBD Real-Time Gross Settlement (RTGS) system, Automated Cheque Clearing House (ACH) system and Central Securities Depository (CSD) system will be in operation from Wednesday, 20th June 2018M under normal operating hours.

3.        AMBD would like to apologize for any inconvenience caused and would like to take this opportunity to wish all Selamat Hari Raya Aidilfitri, Maaf Zahir & Batin.  

 

Autoriti Monetari Brunei Darussalam

Date:      28 Ramadhan 1439H/ 13 June 2018M 
Reference: 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 (June 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 158th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND50 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
15807 June 201806 June 2019364 Days1.250%

 

With this issuance, the Brunei Government has thus far issued over BND 11.96 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 June 2018 stood at BND 332.4 million.

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

1.            Autoriti Monetari Brunei Darussalam (AMBD) would like to inform members of the public that the AMBD Alert List has been updated.

2.            The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned.

3.            AMBD would also like to inform the public that Gainmax Capital Limited has been included in the Alert List for month of May 2018.

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

5.            AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. AMBD will also continue to actively monitor any unlicensed financial activities in Brunei Darussalam. If the public have any information on unlicensed financial activities and services, please contact AMBD at 2380007 or email us at fci@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date:                     Ramadhan 1439/              May 2018

Reference:          AMBD/COMMS/3

Download Malay version here here

Download English version here here

Title 
Body 
1 - 20Next