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PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (July 2019) - 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 171st 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
171
11 July 201910 October 2020
91 Days1.6250 %

 

With this issuance, the Brunei Government has thus far issued over BND12.98 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 July 2019 stood at BND 322.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 171st Series

  


PRESS RELEASE

FINANCIAL BOOTCAMP

IN CONJUNCTION WITH NATIONAL SAVINGS DAY 2019

THE MINISTRY OF FINANCE AND ECONOMY BUILDING

 

  1. Autoriti Monetari Brunei Darussalam (AMBD), in conjunction with the National Savings Day, held the first Financial Bootcamp from 21 to 23 Syawal 1440 corresponding to 26 to 28 June 2019, at the Ministry of Finance and Economy Building.
     
  2. The event was officiated by Yang Mulia Dayang Hajah Rashidah binti Haji Sabtu, Acting Deputy Managing Director of Regulatory and Supervision, AMBD, and held in collaboration with Tabung Amanah Pekerja (TAP), Brunei Association of Banks (BAB), Brunei Insurance and Takaful Association (BITA), Brunei Darussalam Capital Markets Association (BCMA), and Financial Planning Association of Brunei Darussalam (FPAB).
     
  3. The Financial Bootcamp is a three-day programme designed to encourage students in universities and higher education to innovate the creation of financial products relevant to the financial industry in Brunei Darussalam, while taking advantage of technological advancements. As an introduction, participants received insight from AMBD on the Digital Payment Roadmap, a strategic initiative developed by AMBD to drive digital transformation in the payment industry in Brunei Darussalam, and the importance of cybersecurity while levering on technology. Participants also had the opportunity to get guidance and insights from experts from the financial industry on financial planning and the different types of financial products including banking products and services, and insurance and investment vehicles.
     
  4. During the Financial Bootcamp, participants, with the guidance of mentors from various financial institutions, went through multiple rounds of business pitching to present their ideas and innovation in a concise manner within the allocated time, giving them a taste of pitching in the world of finance. The topics pitched included the development and application of financial products, and addressing the challenges and issues of current financial products in Brunei Darussalam. After the pitching session ended, a certificate presentation ceremony was held for the participants and certificates were awarded by YM Hajah Sufinah binti Haji Sahat, Acting Assistant Managing Director, Corporate Services.
     
  5. The overall aim of the Financial Bootcamp is to equip participants with the relevant financial knowledge and skills before entering the workforce, as well as to foster engagement between financial institutions and consumers on product development to ensure that the financial industry in Brunei Darussalam will be better equipped to meet the needs of the public.
     
  6. Winners of the Financial Bootcamp will be announced during the Financial Fun Fair in August 2019 and cash prizes will be deposited into their savings accounts to encourage and instil good savings habit and cultivate a healthy financial lifestyle. In addition, the final concept of the financial products may be considered for use by financial institutions.
     
  7. More information on the National Savings Day 2019 can be found on AMBD's official website https://www.ambd.gov.bn, AMBD App or AMBD's Instagram account @autoriti_monetari.
     

    Autoriti Monetari Brunei Darussalam
     

    Date:     27 Syawal 1440/ 2 July 2019
    Ref:        AMBD/COMMS/3/2019

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PRESS RELEASE

 MAJLIS RAMAH MESRA BERSAMA

DULI YANG TERAMAT MULIA PADUKA SERI PENGIRAN MUDA MAHKOTA
PENGIRAN MUDA HAJI AL-MUHTADEE BILLAH
THE CROWN PRINCE AND SENIOR MINISTER AT THE PRIME MINISTER'S OFFICE
SEMPENA HARI RAYA AIDILFITRI 1440H/2019M
 
BANQUET HALL
PRIME MINISTER'S OFFICE (PMO)
BANDAR SERI BEGAWAN, NEGARA BRUNEI DARUSSALAM
TUESDAY, 27 SYAWAL 1440 CORRESPONDING TO 2 JULY 2019

  1. His Royal Highness Prince Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, The Crown Prince and Senior Minister at the Prime Minister's Office, as Chairman of Autoriti Monetari Brunei Darussalam's (AMBD) Board of Directors, consented to attend Majlis Ramah Mesra Aidilfitri AMBD on Tuesday 27 Syawal 1440H corresponding to 2 July 2019M, which took place at the Banquet Hall, Prime Minister's Office.
     
  2. His Royal Highness, upon arrival, was greeted by Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs as Deputy Chairman of AMBD's Board of Directors; Yang Berhormat Dato Seri Setia Haji Awang Abdul Mokti bin Haji Mohd Daud, Minister at the Prime Minister's Office; Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II; Yang Berhormat Dato Seri Setia Awang Haji Hamzah bin Haji Sulaiman, Minister of Education; other members of AMBD's Board of Directors, Senior Management of AMBD as well as its officers and staff.
     
  3. Besides celebrating the month of Syawal, the event also celebrates the AMBD officers and staff. It provides a platform for the AMBD's officers and staff to come together to foster a greater sense of team spirit, in line with one of AMBD's values; teamwork. AMBD also took the opportunity to appreciate the officers and staff of AMBD who have completed their service with AMBD and retired in 2018 and early 2019.
     
  4. Before entering the Banquet Hall, His Royal Highness consented to take a group photo with the Members of AMBD's Board of Directors and AMBD personnel.
     
  5. His Royal Highness also consented to present tokens and certificates to two retired AMBD personnel. His Royal Highness then consented to visit the AMBD Hari Raya booths carrying the theme of "Raya Klasik", conceptualised and realised through the creativity and skills of the AMBD personnel.
     
  6. Before leaving the event, His Royal Highness consented to junjung ziarah by the Board of Directors of AMBD, Senior Management of AMBD and its employees.
     

    Autoriti Monetari Brunei Darussalam

    Date: 27 Syawal 1440/ 2 July 2019           

    Reference: AMBD/COMMS/3/2019

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PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (June 2019) - 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 170th 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
170
20 June 201918 June 2020
364Days1.6250 %

 

With this issuance, the Brunei Government has thus far issued over BND12.88 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 20th June 2019 stood at BND 322.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 170th Series


  


PRESS RELEASE

AMBD POLICY STATEMENT 1/2019

Thursday, 15 Syawal 1440 corresponding to 20 June 2019

 

1. Autoriti Monetari Brunei Darussalam (AMBD) today published its bi-annual policy statement for the first half of 2019. 

2. In the Policy Statement 1/2019, AMBD noted that the global economy is expected to slow to 3.3% in 2019. The domestic economy grew by 0.1% year-on-year in the whole of 2018. AMBD's inflation forecast for 2019 has been revised down to the range of -0.5% to 0.5%.

3. AMBD also highlighted that licensed financial institutions continue to have strong fundamentals underpinned by high levels of capitalisation, strong liquidity and improved profitability. AMBD issued a number of Notices and a Guideline to all banks for effective implementation of the Basel II framework and Basel Core Principles. AMBD also issued a Notice on Peer to Peer (P2P) Financing Platform Operators, which introduces clear regulatory requirements in relation to the operation of a P2P Financing Platform in Brunei Darussalam. Additionally, in efforts to further enhance investor protection, AMBD issued a consultation paper to the relevant stakeholders in the country to obtain feedback on a proposed legal and regulatory framework for an investor compensation scheme.

4. In efforts to strengthen governance and risk management of insurance companies and takaful operators in Brunei Darussalam, AMBD provided guidance on effective framework of risk management and internal controls as well as sound risk management practices. AMBD also embarked on a new project, expected to be completed in 2020, to develop a risk-based capital framework to further enhance the protection of policyholders.

5. In providing better access to money changing services in Brunei Darussalam, AMBD has offered three licences to operate money changing business this year, one of which will open the first money changer in the Temburong district.

6. Finally, AMBD launched the Digital Payment Roadmap for Brunei Darussalam 2019-2025, which outlines AMBD's strategies to transform Brunei Darussalam into a "Digital Payment Nation" by 2025. It aims to drive digital transformation in payment services leading to the creation of a safe, sustainable, and efficient digital payment ecosystem.

7. The full version of AMBD Policy Statement 1/2019 can be found on AMBD's website at www.ambd.gov.bn. For further information and enquiries, members of the public may call AMBD's hotline at 2388388, or by emailing 


Autoriti Monetari Brunei Darussalam

Reference          :    AMBD/COMMS/3

Date                    :    14 Syawal 1440 / 19 June 2019


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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 April and May 2019:
 

    • Barclays Private Investment Project (BPIP); and
    • Aliexchange.


4.            Members of the public may visit AMBD's website to access the Alert List, as well as the list of persons and institutions licensed by AMBD here.

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 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


 
Autoriti Monetari Brunei Darussalam

Date:                     6 Syawal 1440H / 11 June 2019M
Reference:           AMBD/COMMS/3

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PRESS RELEASE

KHATAM AL-QURAN AND PRESENTATION OF DONATION CEREMONY

IN CONJUNCTION WITH THE MONTH OF RAMADHAN 1440/2019

BANDAR SERI BEGAWAN

NEGARA BRUNEI DARUSSALAM

TUESDAY, 28 RAMADHAN 1440H CORRESPONDING TO 3 JUNE 2019

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) held a Khatam Al-Quran and Presentation of Ceremony in conjunction with the month of Ramadhan today, 28th Ramadhan 1440 corresponding to 3 June 2019 at the Ministry of Finance and Economy Building, Bandar Seri Begawan.
     
  2. Present during this ceremony was Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs as Deputy Chairman of AMBD's Board of Directors; Yang Berhormat Dato Seri Setia Awang Haji Mokti bin Haji Mohd Daud, Minister at the Prime Minister's Office; Yang Mulia Awang Yusof bin Haji Abd Rahman, Managing Director of AMBD; other members of the AMBD Board of Directors and officers and staff of AMBD.
  3. The event began with the recitation of Surah Al-Fatihah led by Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia Awang Haji Abu Bakar bin Haji Apong, followed by the recitation of Al-Quran verses and Doa Khatam led by Yang Mulia Muhammad Zul Hamzi Faiz Bin Hj Mohd Zali.
  4. The event continued with the presentation of donations to three Non-Government Organisations (NGOs) and orphans by Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia Awang Haji Abu Bakar bin Haji Apong.
  5. AMBD has invited 42 orphans residing in Brunei Muara district to receive the donations collected from AMBD management, officers and staff.
  6. The NGOs receiving AMBD's donations were Brunei Darussalam National Association of the Blind (BDNAB), Persatuan KACA and Pusat Ehsan Al-Ameerah Al-Hajjah Maryam.

    Autoriti Monetari Brunei Darussalam

    Date :               24 Ramadhan 1440 / 30 May 2019

    Reference :      AMBD/COMMS/3

Autoriti Monetari Brunei Darussalam (AMBD) acts as the central bank of Brunei Darussalam, carrying four main objectives; to achieve and maintain domestic price stability; to ensure the stability of the financial system, in particular by formulating financial regulations and prudential standards; to assist in the establishment and functioning of efficient payment systems and to oversee them; and to foster and develop a sound and progressive financial services sector.

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PRESS RELEASE

TAHLIL CEREMONY FOR

AL-MARHUM SULTAN HAJI OMAR 'ALI SAIFUDDIEN SA'ADUL KHAIRI WADDIEN

IBNI IBNI AL-MARHUM SULTAN MUHAMMAD JAMALUL ALAM

AND AL-MARHUMAH DULI RAJA ISTERI PENGIRAN ANAK DAMIT

BINTI AL-MARHUM PENGIRAN BENDAHARA PENGIRAN ANAK ABDUL RAHMAN

KUBAH MAKAM DIRAJA, JALAN TUTONG

BANDAR SERI BEGAWAN

MONDAY, 14th RAMADHAN 1440 CORRESPONDING TO 20th MAY 2019

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) held a Tahlil ceremony for Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien ibni Al-Marhum Sultan Muhammad Jamalul Alam and Al-Marhumah Duli Raja Isteri Pengiran Anak Damit binti Al-Marhum Pengiran Bendahara Pengiran Anak Abdul Rahman in conjunction with the month of Ramadhan, today, 14th Ramadhan 1440 corresponding to 20th May 2019, at the Royal Mausoleum, Jalan Tutong. 
  2. Present at this ceremony was Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs in his capacity as Deputy Chairman of AMBD's Board of Directors; Yang Berhormat Dato Seri Setia Awang Haji Mokti bin Haji Mohd Daud, Minister at the Prime Minister's Office; Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II; other members of the AMBD Board of Directors as well as AMBD officers and staff.
  3. The ceremony started with the recitation of Surah Al-Fatihah, followed by the recitations of Surah Yaasiin and Doa Tahlil led by Yang Mulia Imam Haji Azrol Alim bin Haji Zaini, the Mosque Affairs Officer, Ministry of Religious Affairs.

    Autoriti Monetari Brunei Darussalam

     

    Date :                    14 Ramadhan 1440 / 20 May 2019

    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 (May 2019) - 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 169th 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
169
09 May 201908 August 2019
91 Days1.6875 %

 

With this issuance, the Brunei Government has thus far issued over BND12.83 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 May 2019 stood at BND 322.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 169th Series

  


PRESS RELEASE
OPERATING HOURS FOR AUTORITI MONETARI BRUNEI DARUSSALAM
DURING THE MONTH OF RAMADHAN 1440H

 
1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public that it will be closed on the first day of Ramadhan, Monday/ Tuesday, 6/ 7 May 2019, and will resume its operations on Tuesday/ Wednesday, 7/ 8 May 2019. This closure also includes AMBD's Currency Gallery and Gift Shop, Credit Bureau Customer Service Counter and other AMBD counter services, as well as the Real Time Gross Settlement (RTGS) System and the Automated Clearing House (ACH) System.

2.       AMBD would also like to inform the public on AMBD's operating hours for the month of Ramadhan 1440H:

Working hours
Monday – Thursday: 8.00 am – 3.00 pm
Friday                            : 7.30 am – 11.30 am

Currency Gallery and Gift Shop
Monday – Thursday: 8.30 am – 2.00 pm
Friday                            : 8.30 am – 10.30 am

Credit Bureau Customer Service Counter, Payment Counters dan Other Counter Services
Monday – Thursday: 8.30 am – 2.00 pm
Friday                          : 8.30 am – 10.30 am

RTGS System
Monday – Thursday: 9.00 am – 2.00 pm
Friday                            : 9.00 am – 11.00 am

ACH System
Monday – Thursday: 8.45 am – 1.40 pm
Friday                            : 8.45 am – 10.50 am

3.       AMBD would like to apologise for any inconvenience caused and wish all Muslims Ramadhan Mubarak.
 
 
 
Autoriti Monetari Brunei Darussalam
Date:                     27 Sya'ban 1440H/ 3 May 2019M
Reference:          AMBD/COMMS/3


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PRESS RELEASE

FINANCIAL HEALTH CHECK PROGRAMME FOR MOFE AND AMBD EMPLOYEES

 

1.           Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with Brunei Association of Banks (BAB), Brunei Insurance and Takaful Association (BITA), Brunei Capital Markets Association (BCMA) and Financial Planning Association of Brunei (FPAB), held the Financial Health Check Programme from 15th April to 19th April 2019 at the Ministry of Finance and Economy (MoFE) Building.

2.       The programme, held for officers and staff of MoFE and AMBD, aims to provide an opportunity for attendees to meet and talk with licensed and qualified financial planners to ensure they are on the right track to achieve their financial goals.

3.            The programme was divided into 3 sub-programmes. The first were financial talks which aim to increase audience’s understanding on the means and concepts of financial management including on saving, insurance/ takaful and investment. Secondly, were one-on-one consultations, which provided attendees with the opportunity to receive consultation, in a private setting, from licensed and qualified financial planners of their preferred financial institution. Lastly, the programme also featured a showcase for financial institutions to share information on financial products and services available in the market.

 

Autoriti Monetari Brunei Darussalam

Date:                     20 Sya’ban 1440 / 26 April 2019

Reference:         AMBD/COMMS/3

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Brunei Darussalam's Banking Industry Remained Strong in 2018

 
Overview


Against a backdrop of global headwinds, a resilient banking industry is key in maintaining financial stability. Brunei Darussalam's financial system, in which Islamic and conventional financial institutions co-exist in parallel, recorded an overall asset base of BND21.9 billion as at year end 2018. Within this dual financial system, the banking industry continues to dominate with a recorded asset base of BND18.3 billion which accounts for 83.5% of the total assets of the financial system.

Autoriti MonetarI Brunei Darussalam (AMBD) adopts a risk–based supervisory framework that is consistent with the Basel Core Principles (BCPs) and Core Principles for Islamic Finance Regulation. This supervisory approach allows AMBD to identify and monitor areas which present the greatest potential risk to each bank's financial soundness. Utilising the collected data, alongside on-site inspections, has allowed AMBD to qualitatively assess the adequacy of the banks' risk management capabilities and, subsequently, implement corrective measures needed to mitigate identified risks.

AMBD has made significant progress in its compliance with the Basel Core Principles (BCP) since its announcement in 2016 to commit to the implementation of the Basel II framework by 2020, a regulatory framework for all licensed banks including Perbadanan Tabung Amanah Islam Brunei (TAIB). Towards this end, AMBD has successfully introduced all three pillars of the Basel II framework, where the pillars are complementary and mutually reinforces one another. They comprise of the minimum capital requirements for the risks that banks face (Pillar 1); the supervisory review of banks' capital adequacy and internal assessment processes (Pillar 2); and market discipline, through effective public disclosures to encourage safe and sound banking practices (Pillar 3). Simultaneously, the regulations issued to Islamic and conventional banks (Table 1 and Table 2) represent the necessary key components for effective implementation of the Basel II framework.  

Banking Industry Remained Strong in 2018 Fig.01.PNG

Banking Industry Remained Strong in 2018 Fig.02.PNG

Banking Industry Performance in 2018
The overall key financial soundness indicators in the banking industry remained at healthy levels as shown in Table 3 below. The banking system continued to be strong with an aggregate capital adequacy ratio of 18.4% and remains highly liquid with a liquidity ratio of 51.6% in 2018.

Banking Industry Remained Strong in 2018 Fig.03.PNG

Banking Industry Remained Strong in 2018 Fig.04.PNG

As shown in Chart 4 above, the assets and deposits of the banking industry have increased by 4.8% y-o-y from BND17.5 billion to BND18.3 billion, and 3.2% y-o-y from BND14.9 billion to BND15.3 billion respectively as at year-end 2018. During the same period, loans/financing had also recorded an increase of 6.2% from BND5.1 billion in 2017 to BND5.5 billion in 2018.

The rise in total loans/financing was mainly contributed by the corporate sector, with a growth of 17.8% from BND2.2 billion in 2017 to BND2.5 billion in 2018. The sectors that majorly contributed to the increase were transportation, financial and manufacturing. In addition, an encouraging development in the agricultural sector was recorded, as loans/financing to this sector increased from BND11.9 million in 2015 to BND23.8 million in 2018. This aligns with the country's diversification aspiration.

The loans/financing to deposit ratio (excluding government deposits) stood at 40.9% in 2018 which is still considered low and indicates that the banking industry has the capacity to offer a greater amount of loans/ financing to facilitate the real sector growth in the economy.

 
Finance Companies Performance in 2018
Finance companies' profitability remained robust amidst declines in assets, deposits and loans/financing by 4.9%, 6.0% and 1.1% respectively as shown in Chart 5 below. Profit before tax improved significantly in 2018 by 9.7% or BND6.0 million compared to the previous year.

Furthermore, the amount of Non-Performing Financing to Loans/Financing has also decreased in 2018 by 22.4% or BND4.3 million y-o-y. This has contributed to a decline in the Non-Performing Financing to Loans/Financing ratio from 1.2% to 1.0%.

Banking Industry Remained Strong in 2018 Fig.05.PNG

Developments in Household Credit and Consumption

Banking Industry Remained Strong in 2018 Fig.06.PNG

Household loans/financing continued to be the predominant sector at 53.3% of total loans/financing, with personal loans/financing still representing the largest sector at 28.1%. According to the National Accounts Statistics published by the Department of Economic Planning and Development (DEPD), household final consumption expenditure grew moderately by 4.3% y-o-y in current prices in 2018. Despite this, household sector loans/financing declined 2.1% y-o-y from BND3.0 billion to BND2.9 billion in 2018.

These opposing trends might be symptomatic of a change in consumer behaviour with less reliance on bank credit to finance household consumption. This is also supported by the rise in the total value of debit card transactions by 18.1% y-o-y from BND424.9 million in 2017 to BND500.6 million in 2018. Furthermore, the usage of debit cards compared to credit cards is much preferred as indicated by the increasing share of debit cards (of the total transactions) from 55.1% in 2015 to 63.1% in 2018. This is perceived by AMBD as more prudent financial management and increased awareness of the risks of high indebtedness within the public.

 Banking Industry Remained Strong in 2018 Fig.07.PNG

Notwithstanding these positive developments, domestic demand for new vehicles grew at a slower rate in 2018. Data from the ASEAN Automotive Federation (AAF) showed a modest improvement in vehicle sales in the country by 0.2% y-o-y as of year-end 2018 from 11,209 vehicles to 11,226 vehicles. Brunei Darussalam saw a decline in the number of accounts for new vehicle financing in 2018 by 15.9% y-o-y and a rise of a similar magnitude (14.6% y-o-y) was observed for used vehicle financing. In terms of value, the total amount of used car financing surged by 62.3% y-o-y from BND113.2 million to BND183.8 million. This further suggests a shift in consumers' preference from new to used cars.

In the residential property market, 2018 saw a continued downward trend for the Residential Property Price Index (RPPI) highlighting the continuation of the property market downturn. In spite of the drop, there were promising signs for the property market in 2018 where the number of transactions (415 transactions) and the total value of transactions (BND110.1 million) was recorded the highest and second highest respectively since 2015. Continued buying activities will help to boost the residential property market with the existence of a significant inventory of unsold residential properties in the country, suggesting that the recovery stage of the residential property market cycle is likely to be gradual. 

AMBD, as the regulator of financial institutions, will continue to closely monitor the developments in the financial sector whilst strengthening its supervisory and regulatory framework, in line with international standards and best practices.

 

 
Autoriti Monetari Brunei Darussalam
Date:     18 Sya'ban 1440 / 24 April 2019
Ref:        AMBD/COMMS/7

​Download PDF here

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (April 2019) - 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 168th 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
168
11 April 201911 July 2019
91Days1.6250 %

 

With this issuance, the Brunei Government has thus far issued over BND12.73 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 April 2019 stood at BND 322.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 168th Series

  


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 March 2019:

    1. Dusn Lifestyle Sdn Bhd; and
    2. Fx Pro Brunei.

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 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 fciambdgovbn.JPG

Autoriti Monetari Brunei Darussalam

Date:                     3 Sya'aban 1440H / 9 April 2019M

Reference:           AMBD/COMMS/3

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MEDIA RELEASE

Bangkok, Thailand - 18 March 2019

ASEAN Capital Markets Forum Advances Regional Integration Efforts through Roadmap for Sustainable Capital Markets

The ASEAN Capital Markets Forum (ACMF) today met in Bangkok to endorse the Roadmap on ASEAN Sustainable Capital Markets to promote ASEAN asset classes for sustainable investment, in line with ASEAN's theme on "Advancing Partnership for Sustainability". The Roadmap will be proposed to the ASEAN Finance Ministers' Meeting in Chiang Rai for acknowledgment in April 2019.

The Roadmap, whose development involved consultations with various stakeholders, ranging from issuers, institutional investors, information providers and ESG-related organisations via the ACMF Industry Consultative Panels process, outlines key strategies and mechanisms to strengthen capital markets as a driving force for sustainable development. It provides clear and concrete direction for moving the whole ecosystem involving issuers, investors, disclosure of information, development of indices, capacity building, and enhanced inter-agency coordination.

The Roadmap will reiterate the ACMF's efforts to develop sustainable finance in the region which commenced with the ASEAN Green Bond Standards launched in 2017 followed by the ASEAN Social Bond Standards and ASEAN Sustainability Bond Standards launched in 2018. To date, there have been nine ASEAN issuances under the Standards from Malaysia, the Philippines, Singapore and Thailand.

The ACMF also launched a framework on cross-border publication of research reports to facilitate better information flow of ASEAN capital market products as part of its ongoing efforts to promote professional mobility and wider investor participation in ASEAN capital market products and services which contribute towards greater regional connectivity.

Regulators from Malaysia, the Philippines, Singapore and Thailand signed today the Memorandum of Understanding (MoU) on Cross-border Publication of Research Reports. Other ACMF members are expected to participate in due course. This MoU complements the cross-border movement of investment advisers under the "ACMF Pass" initiative launched in 2018, allowing ASEAN investors greater access to professional services.

A revised MoU on the Streamlined Review Framework for ASEAN Common Prospectus was also signed by Malaysia, Singapore and Thailand to cover issuances of plain debt securities under a debt issuance programme. This is an extension of the existing streamlined review process, which caters for equities and one-off issuance of plain debt securities to allow issuers making cross-border offerings to achieve faster time to market and lower cost.

As interest and adoption of digital assets continue to grow, the ACMF has agreed to strengthen regional collaboration in this sphere, with a view towards addressing potential risks and ensuring market resilience.

The ACMF commended significant progress made by the Philippines to join the ASEAN Collective Investment Scheme (ASEAN CIS) framework aimed at driving cross-border offerings of CIS across the region.

The ACMF members remain committed to collectively continue these efforts to build a holistic ecosystem for sustainable growth and create connectivity, inclusiveness and resilience of ASEAN capital markets.

 

- END -

Download PDF here

Note-to-Editors: 

About the ACMF

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, the Philippines, Singapore, Thailand and Viet Nam. The ACMF is currently chaired by the Securities and Exchange Commission, Thailand.

More information on the ACMF and its initiatives can be found at the ACMF website at  www.theacmf.org.

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PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 4, 2018 (Q4 2018)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the fourth quarter of 2018. The index is compiled using data sourced from banks in Brunei Darussalam, and is published with close cooperation from the Ministry of Development, in particular the Authority for Building Control and Construction Industry (ABCi).

2.       In Q4 2018, the RPPI was at 86.7, a decrease of 8.7% year-on-year compared to Q4 2017 and an increase of 1.5% quarter-on-quarter compared to Q3 2018.

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3.       Based on mortgage data obtained from banks, there were 129 transactions for residential properties in Q4 2018. The majority of these transactions were for detached houses (56.6%), followed by terrace houses (19.4%), semi-detached houses (15.5%), apartments (7.7%) and land (0.8%). 

4.       The median purchase price for all residential properties was BND252,000 in Q4 2018. The median purchase prices for specific types of properties were BND280,000 for detached houses, BND245,000 for semi-detached houses, BND245,000 for terrace houses, BND240,000 for apartments, and BND305,000 for land. The overall median purchase price of residential properties in Q4 2018 decreased by 5.6% year-on-year compared to Q4 2017 but showed an increase of 0.8% quarter-on-quarter compared to Q3 2018.
5.       The published statistics and index should be treated as general information only and one should not rely solely upon these data to draw specific conclusions on a particular residential property as property values vary with location, land size, floor area and so on.  

6.       For more information on RPPI, members of the public may refer to the technical notes on the methodology and statistics which can be obtained from the AMBD website at www.ambd.gov.bn and follow updates on RPPI through AMBD's Instagram account @autoriti_monetari.

  

Autoriti Monetari Brunei Darussalam

Date:             13 Rejab 1440 /   20 March 2019

Ref:                 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 (March 2019) - 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 167th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND24.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
1677 March 20195 March 2020364 Days1.8125 %

 

With this issuance, the Brunei Government has thus far issued over BND12.63 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 March 2019 stood at BND 322 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 167th Series.pdf


  


PRESS RELEASE

FINANCIAL SCAMS AND OFFENCES UNDER s74A AMBD ORDER, 2010

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to reiterate that individuals, organisations, companies or institutions are not allowed use of AMBD's name without permission.

2.       AMBD would also like to remind the public of Section 74A of the AMBD Order, 2010, which states that it is an offence to either:-

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Whoever does the above is guilty of an offence and liable on conviction to a fine not exceeding $20,000, imprisonment for a term not exceeding 7 years or both.

3.       AMBD would like to advise members of the public to stay vigilant and wary of financial products and investments offered through social media platforms purporting to be approved by AMBD through the illegal use of AMBD's name, symbol, design or representation. Members of the public are urged only to deal with individuals or companies that are licensed or otherwise regulated by AMBD, a list of which may be obtained from www.ambd.gov.bn.  
4.       AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding the integrity of the Authority as well as the public interest. AMBD will also continue to actively monitor and report to the relevant enforcement authorities any suspicious or unlicensed financial activities in Brunei Darussalam. If the public have any information on these activities, please contact AMBD at 2380007 or email us at Img 03.JPG


Ref: AMBD/COMMS/3

Date: 23 Jamadilakhir 1440/ 28 February 2019

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For more information, please contact our Corporate Communications Officer:

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PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (February 2019) - 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 166th 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
166
07 February 2019
09 May 2019
91 Days
1.6875%

 

With this issuance, the Brunei Government has thus far issued over BND 12.61 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 February 2019 stood at BND 347.5 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 166th Series.pdf

  

 

PRESS RELEASE

THANKSGIVING PRAYER IN CONJUNCTION WITH

HIS ROYAL HIGHNESS PRINCE HAJI AL-MUHTADEE BILLAH

IBNI HIS MAJESTY SULTAN HAJI HASSANAL BOLKIAH MU'IZZADDIN WADDAULAH'S

45th BIRTHDAY CELEBRATION

Masjid Rashidah Sa'datul Bolkiah, Kg Sungai Akar

Tuesday, 14 Jamadilakhir 1440 corresponding to 19 February 2019

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) held a Thanksgiving Prayer at the Rashidah Sa'datul Bolkiah Mosque, Kampung Sungai Akar to mark the 45th Birthday Celebration of His Royal Highness Prince Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, Senior Minister at the Prime Minister's Office and Chairman of AMBD, today, 14 Jamadilakhir 1440 corresponding to 19 February 2019.

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, in his capacity as the Deputy Chairman of AMBD, and other members of the AMBD Board of Directors as well as AMBD officers and staff.

3.       The ceremony began with Asar prayers, followed by the recital of Surah Yassin and a thanksgiving prayer led by Yang Mulia Haji Muhd Sadullah bin Haji Salleh, Imam of Rashidah Sa'datul Bolkiah Mosque.
4.       His Royal Highness is a visionary leader who is highly dedicated in ensuring that the financial and monetary stability of the country is preserved. Through His Royal Highness's leadership, AMBD has continued to develop financial regulations and prudential standards and to implement a supervisory framework that is in line with international best practices, in order to ensure that the financial institutions in the country remain safe and stable.

5.       AMBD also plays a key role in the development of a dynamic and diversified financial sector. In 2016, His Royal Highness has advocated for a more strategic and focused financial sector development plan through the publication of the Brunei Darussalam Financial Sector Blueprint 2016-2025 which supports the achievement of the country's economic aspirations under Wawasan Brunei 2035.

6.       By virtue of His Royal Highness's leadership and guidance, some of AMBD's initiatives has received  international recognition. Brunei Darussalam was ranked first out of 190 economies in the Getting Credit indicator in the World Bank Group's Doing Business 2019 Report and maintained its rank in the 9th place out of 131 countries in the ICD – Thomson Reuters Islamic Finance Development Report 2018.

 

Autoriti Monetari Brunei Darussalam

 

Date :                    14 Jamadilakhir 1440 /19 February 2019

Reference :         AMBD/COMMS/3

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