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

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

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

 

Bandar Seri Begawan, Brunei Darussalam (November 2020) – Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 5th issuance of AMBD I-Bills.

The total of the sukuk issuance was BND 30 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
005
19 November 20203 December 202014 Days0.0900%

 

With this issuance, AMBD I-Bills thus far issued BND 190 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 19th November 2020 stood at BND 40 million.

Download Successful Issuance of AMBD Islamic Bills 5th Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

 

Bandar Seri Begawan, Brunei Darussalam (November 2020) – Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 4th issuance of AMBD I-Bills.

The total of the sukuk issuance was BND 10 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
004
12 November 202026 November 202014 Days0.0800%

 

With this issuance, AMBD I-Bills thus far issued BND 160 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 12th November 2020 stood at BND 60 million.

Download Successful Issuance of AMBD Islamic Bills 4th Series

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (November 2020) - 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 187th issuance of Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
187
5 November 2020
4 February 2021
91 Days0.1250%

 

With this issuance, the Brunei Government has thus far issued over BND14.22 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 5th November 2020 stood at BND 373.5 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 187th Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

 

Bandar Seri Begawan, Brunei Darussalam (November 2020) – Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 3rd issuance of AMBD I-Bills.

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

SeriesIssuance DateMaturity DateTenorRental Rate
003
5 November 202019 November 202014 Days0.1200%

 

With this issuance, AMBD I-Bills thus far issued BND 150 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 5th November 2020 stood at BND 100 million.

  


PRESS RELEASE

AMBD BLOOD DONATION DRIVE 2020

 

1.       Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Ministry of Finance (MOFE) and the Blood Donation Centre (BDC) of the Ministry of Health, organised the AMBD Blood Donation Drive at the Ministry of Finance and Economy (MOFE) Building on Tuesday, 18 Rabiulawal 1442H corresponding to 3 November 2020M. 

2.       The blood donation drive was opened to officers and staff of the organisations and departments residing at the MOFE Building. The drive saw more than 100 registrations, and successfully collected a total of 73 pints of blood. 

3.       The AMBD Blood Donation Drive, serving as part of AMBD's Corporate Social Responsibility (CSR) initiative, carried the main objective of increasing the supply of blood for the country's blood bank. This initiative also aimed to encourage the act of donating blood through enhancing awareness on its social impact. 

4.       It is hoped that, through this initiative, the blood donated would enable those requiring blood transfusions to continue receiving their medical treatment.

 

 

Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                     18 Rabiulawal 1442 / 3 November 2020

Download Malay version here

Download English version here

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

 

Bandar Seri Begawan, Brunei Darussalam (October 2020) – Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 2nd issuance of AMBD I-Bills.

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

SeriesIssuance DateMaturity DateTenorRental Rate
002
29 October 202012 November 202014 Days0.1200%

 

With this issuance, AMBD I-Bills thus far issued BND 100 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 5th November 2020 stood at BND 100 million.

Download Successful Issuance of AMBD Islamic Bills 2nd Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

 

Bandar Seri Begawan, Brunei Darussalam (October 2020) – Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 1st issuance of AMBD I-Bills.

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

SeriesIssuance DateMaturity DateTenorRental Rate
00122 October 20205 November 202014 Days0.1000%

 

With this issuance, AMBD I-Bills thus far issued BND 50 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 22nd October 2020 stood at BND 50 million

Download Successful Issuance of AMBD Islamic Bills 1st Series

  


PRESS RELEASE

AMBD FINANCIAL INCLUSION SURVEY 2020

 

1.      Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Department of Economic Planning and Statistics (DEPS), Ministry of Finance and Economy will be conducting a survey on financial inclusion commencing 19 October 2020 until 15 November 2020. 

2.      This survey is part of AMBD's financial inclusion initiative, to improve access to the financial services and products available in the country. The survey measures the level of financial inclusion for individuals in Brunei Darussalam. The outcome obtained from the survey will assist in effective formulation and analysis of policies.  

3.      AMBD has undertaken various financial inclusion initiatives, including the publication of the Digital Payment Roadmap for Brunei Darussalam 2019-2025, which lays out the path for the financial sector to develop and improve the digital financial inclusion in Brunei Darussalam. AMBD has also been actively promoting financial literacy in Brunei Darussalam through courses, workshops, roadshows and other social media engagements, which aim to further contribute to financial inclusion. 

4.      For enquiries and information regarding the survey, members of the public may contact Financial Consumer Issues, AMBD at 2380007 or via email at 

 

Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                     3 Rabiulawal 1442/ 20 October 2020

Download Malay version here

Download English version here

  


PRESS RELEASE

SIGNING CEREMONY FOR THE AMBD ISLAMIC BILLS (I-BILLS) ISSUANCE PROGRAMME BETWEEN AUTORITI MONETARI BRUNEI DARUSSALAM AND BANKS IN BRUNEI DARUSSALAM

BANDAR SERI BEGAWAN, BRUNEI DARUSSALAM


1.       Autoriti Monetari Brunei Darussalam (AMBD) recently signed the AMBD Islamic Bills (AMBD I-Bills) Programme with the banks in Brunei Darussalam. The signing ceremony was held on Tuesday, 25 Safar 1442H corresponding to 13 October 2020M at the Theatre Hall, Ministry of Finance and Economy (MOFE), Commonwealth Drive. 

The Guest of Honour for the 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. Also in attendance were 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; other AMBD Board of Directors; members of the Syariah Financial Supervisory Board; and senior officers from MOFE, AMBD and financial institutions. 

2.       Signing on behalf of AMBD was Yang Mulia Dayang Hajah Rokiah binti Haji Badar, Managing Director. Meanwhile, signing on behalf of the respective banks were Yang Mulia Ti Eng Hui, Chief Executive Officer of Baiduri Bank Berhad; Yang Mulia Mubashar Khokhar, Chief Executive Officer of Bank Islam Brunei Darussalam Berhad; Yang Mulia Wang Xiaolin, General Manager of Bank of China (Hong Kong);  Yang Mulia Sulaiman Isa, General Manager of Malayan Banking Berhad, Brunei Branch; Yang Mulia Haji Ishak bin Othman, Country Head of RHB Bank Berhad, Brunei Branch; Yang Mulia Abdul Razak bin Abdul Malek, Senior Vice President & Country Manager of United Overseas Bank Limited, Brunei Branch; and Yang Mulia Annie Ng Sew Foon, Chief Financial Officer & Chief Risk Officer of Standard Chartered Bank. 

3.       Yang Mulia Dayang Hajah Rokiah binti Haji Badar, in her opening remarks, shared that the AMBD I-Bills Programme aims to support the effective and efficient liquidity management for the banks in Brunei Darussalam, and at the same time, will widen the list of available money market instruments for AMBD and the domestic financial sector. The inaugural AMBD I-Bills will be based on the Syariah concept of Wakalah bil Ujrah, the first of its kind in Brunei Darussalam. In addition, the introduction of the AMBD I-Bills will be part of the benchmark yield curve, and is hoped to be able to facilitate the development of other financial instruments in Brunei Darussalam, particularly Syariah-Compliant instruments.  

4.       There was also a presentation on Sukuk Development in Brunei Darussalam, where Yang Mulia Awang Mardini bin Haji Eddie, Acting Assistant Managing Director (Monetary Operations), AMBD explained that the AMBD I-Bills will have a tenor of two weeks and issuance will be available to licensed banks in the country. The first issuance of the AMBD I-Bills will be on 22 October 2020.  

5.       As part of objectives set out in Pillar 1 and Pillar 2 of the Brunei Darussalam Financial Sector Blueprint 2016-2025 (FSBP), AMBD has been taking steps towards creating conditions which are conducive for the development of a more efficient and competitive money market in Brunei Darussalam.  

6.       For more information on the AMBD I-Bills Issuance Programme, members of the public may view the technical notes here.

AMBD I-Bills Signing Ceremony_1.jpg

AMBD I-Bills Signing Ceremony_2.jpg

 

Autoriti Monetari Brunei Darussalam

Date:             25 Safar 1442 / 13 October 2020

Ref:                AMBD/COMMS/3

Download Malay version here

Download English version here

Download Technical Notes - AMBD I-Bills Programme

  


PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 2 2020 (Q2 2020)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the second quarter of 2020. The index is compiled using data sourced from the 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 Q2 2020, the RPPI was at 84.6, recording a decrease of 5.2% year-on-year compared to Q2 2019 and a decrease of 7.1% quarter-on-quarter compared to Q1 2020. 

RPPI Q2 2020 Img01.PNG

RPPI Q2 2020 Img02.PNG

3.       Based on the mortgage data obtained from the banks, there were 115 transactions for residential properties in Q2 2020 compared to 76 transactions in Q1 2020. The majority of these transactions were for detached houses (43.5%); followed by semi-detached houses (26.1%); terrace houses (16.5%); apartments (10.4%); and land (3.5%). 

4.       The median purchase price for all types of residential properties was BND238,000 in Q2 2020, showing a decrease of 8.5% compared to Q2 2019, and a decrease of 4.4% compared to Q1 2020. The median purchase prices for specific types of properties were BND247,500 for detached houses; BND272,000 for semi-detached houses; BND165,000 for terrace houses; BND234,000 for apartments; and BND80,200 for lands.  

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, as well as updated statistics from AMBD's website at www.ambd.gov.bn. Updates on RPPI will also be available via AMBD's Instagram account @autoriti_monetari.

 

Autoriti Monetari Brunei Darussalam

Date:             21 Safar 1442 / 9 October 2020

Ref:                AMBD/COMMS/3


Download Malay version here

Download English version here

Download RPPI Technical Notes 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 the individuals, companies or entities that have been included in the Alert List for the month of September 2020 are as follow:

  1. Aximtrade Localdepositor Brunei (FB Profile);
  2. Love Veena (FB Profile); and
  3. Sulaimanmhd2 (IG Profile).

4.          To access the Alert List, as well as the list of persons and institutions licensed by AMBD, members of the public may visit here

5.           AMBD would like to remind the public to not deal with any entities or individuals carrying out or offering unlicensed financial services or may be perceived as get-rich-quick schemes or pyramid schemes. Among the products and services that must be licensed by AMBD includes money changer, money remittance and money lenders. For any involvement in dealing with an unlicensed or unregulated company or individual, members of the public may not have the protection afforded under the regulatory framework administered by AMBD. 

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:                     21 Safar 1442H / 9 October 2020M

Reference:           AMBD/COMMS/3

Download Malay version AMBD-Siaran-Akhbar-Alert-List-Update

Download English version AMBD-Press-Release-Alert-List-Update

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (October 2020) - 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 186th issuance of Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
186
 8 October 2020
7 January 2021
91 Days0.1250%

 

With this issuance, the Brunei Government has thus far issued over BND14.12 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 8th October 2020 stood at BND 373.5 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 186th Series

  


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

General Requirements:

Applicants for the position must:

  1. Be citizens of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam;
  2. Have strong communication and interpersonal skills;
  3. Have strong analytical skills with good report writing capabilities;
  4. Have strong organisational and planning skills; and
  5. Be fluent in oral and written Malay and English, and is IT literate.

 

1.         EXECUTIVE DIRECTOR [M1]

HUMAN RESOURCE SERVICES

The Executive Director of Human Resource Services is responsible in promoting and implementing human resource values at AMBD by planning and managing strategic and operational human resource programs at AMBD.

MAIN RESPONSIBILITIES:

  • Develop and implement HR strategies by establishing department accountabilities, including talent acquisition, staffing, employment processing, compensation, health and welfare benefits, training and development, records management, succession planning, employee relations as well as employee retention;
  • Manage strategic HR issues and policies in line with AMBD's strategic objectives;
  • Advise senior management on matters relating to human resource management in shaping strategies;
  • Develop AMBD's annual HR budget, ensuring adequate funding provision is made in line with AMBD's strategic objectives and priorities;
  • Responsible for AMBD's Human Resource Management System and procedures, maintaining all standards of practice and introducing improvements, where necessary;
  • Provide expert advice to stakeholders on HR issues, including disciplinary matters, demonstrating judgement and an understanding of AMBD's business activities;
  • Manage relevant HR projects while delivering agreed objectives and high levels of resource utilisation;
  • Manage and oversee the day-to-day operational activities of the HR department in providing services to other departments in AMBD;
  • Manage staff and aim to develop and motivate team by sharing own specialist expertise and demonstrating leadership;
  • Establish a high level of HR services standards and ensure quality of service delivery by HR staff;
  • Any other duties that may be assigned from time to time..

REQUIREMENTS:

  • Possess a bachelor degree with Honors in Human Resource Management, Business Administration or any related majors from universities or institutions accredited by Ministry of Education, Brunei Darussalam.
  • Possessing a Master's Degree or PhD in Human Resource or Business Administration will be an added advantage.
  • Possessing a professional qualification such as Chartered Institute of Personnel Development (CIPD) or any other relevant professional qualification/s will be an added advantage.
  • Having a minimum of 10 years relevant working experience, especially in leading and managing a Human Resource Team.

2.             ASSISTANT EXECUTIVE DIRECTOR [M2]

HUMAN CAPITAL STRATEGY

 

The Assistant Executive Director is responsible for managing the daily operations of the human resources office and assists the Executive Director in managing strategic and operational human resource programs at AMBD.

MAIN RESPONSIBILITIES:

  • Provide advice and guidance to AMBD and its departments on day-to-day HR operational activities;
  • Continuously review, revise and implement employee policies and procedures for clarity and consistency, ensuring it is aligned to best practices;
  • Design and develop HR processes to improve the efficiency of HR operations and recommends new approaches towards continual improvement of processes and operations;
  • Make recommendations and provides expert advice on HR issues, while demonstrating judgement and an understanding of AMBD business activities;
  • Provide input to the development of the annual HR budget, ensuring that adequate funding provision is made in line with AMBD's strategic objectives and priorities;
  • Provide input to the development of HR strategies by establishing department accountabilities, including talent acquisition, staffing, employment processing, compensation, health and welfare benefits, training and development, records management, succession planning, employee relations as well as employee retention;
  • Provide input and advice to continuously improve the current Human Resource Management System and procedures towards maintaining, and enhancing, standards of practice;
  • Ensure HR services standards and quality of service delivery by departmental staff are met;
  • Assist in conflict resolutions and subsequently, provide recommendations;
  • Assist the Executive Director in additional responsibilities and projects, if required;
  • Provides leadership in the absence of the Executive Director; and
  • Any other duties that may be assigned from time to time.

REQUIREMENTS:

  • Possess a bachelor degree with Honors in Human Resource Management, Business Administration or any related majors from universities or institutions accredited by Ministry of Education, Brunei Darussalam.
  • Possessing a Master's Degree or PhD in Human Resource or Business Administration will be an added advantage.
  • Possessing professional qualification such as Chartered Institute of Personnel Development (CIPD) or any other relevant professional qualifications will be an added advantage.
  • Having a minimum of 8 years relevant work experience especially in leading and managing a Human Resource Team.
     

3.         SENIOR MANAGER [M3]

CORPORATE COMMUNICATIONS

The Senior Manager is responsible in planning and overseeing the execution of the Corporate Communications strategies for AMBD. The Senior Manager is also responsible for the development, management and operations of corporate communications activities in AMBD.

MAIN RESPONSIBILITIES:

  • Leading and developing the communication strategy for the maintenance and development of AMBD's corporate image through various external and internal communications activities;
  • Developing and overseeing the strategies and activities in the shaping of AMBD's culture through various external and internal communications activities;
  • Reviewing all external communications activities and publications as well as the relevant internal communications tool;
  • Maintaining a relationship with members of the media in representation of AMBD;
  • Execution of other tasks as instructed by Management; and
  • Any other duties that may be assigned from time to time..

REQUIREMENTS:

  • Possess good bachelor degree with Honors in Corporate Communications, Public Relations, or any other related majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possessing a Master's Degree in the relevant field will be an added advantage;
  • Possessing professional qualification/ certification in public relations or corporate communications (e.g. CIPR) will be an added advantage;
  • Having a minimum of 5 years working experience in the related field.

4.         ASSOCIATE/ASSOCIATE TRAINEE [M4]

CORPORATE COMMUNICATIONS

The Associate shapes and maintains AMBD's reputation, through the planning and execution of various communications campaigns.

MAIN RESPONSIBILITIES:

  • Shaping, developing and maintaining AMBD's reputation and culture through the development and execution of Corporate Communications strategies and plans, working with the relevant stakeholders and conducting a regular review of AMBD's reputation and culture;
  • Representing AMBD through various external communications campaigns, including but not limited to dialogues, roadshows, etc.;
  • Breaking silos and ensuring symmetrical information is shared across the organisation in regards to AMBD's developments and achievements;
  • Maintaining a relationship with local and international media personnel in representation of AMBD and all internal stakeholders;
  • Ensuring AMBD's voice and brand is consistent in all communications materials by drafting/ reviewing and issuance of communications materials;
  • Assisting in the shaping of AMBD's reputation and culture through the planning and execution of various communications campaigns; and
  • Any other duties that may be assigned from time to time..

REQUIREMENTS:

  • Possess good bachelor degree with Honors in Corporate Communications, Public Relations or any related disciplines from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possessing professional qualification or certification in public relations and communications (e.g CIPR) will be an advantage;
  • Having work experience in related fields will be an advantage.

5.         ASSOCIATE/ASSOCIATE TRAINEE [M4]

CURRENCY MANAGEMENT

The Associate is responsible in assisting to develop and produce designs related to currency projects in Currency Management, oversee the operations in Currency Management as well as manage and supervise currency processing.

MAIN RESPONSIBILITIES:

  • Provide and develop design support and ideas on projects related to currency and commemorative products;
  • Develop design ideas by conducting research and translating them into effective designs;
  • Staying up-to-date with current marketing and promotional trends, and develop strategies for marketing projects under Currency Management;
  • Conduct weekly stock check and reconciliation of banknotes and coins;
  • Prepare the relevant paperwork and documentation to request for new note printing and coin stock requests;
  • Provide weekly stock reporting to the assigned supervisor/s on currency inventory;
  • Ensure sufficiency of banknotes and coins stock;
  • Report the processing statistics on a monthly basis to the assigned supervisor/s;
  • Receive and process suspected counterfeit note/s from the public or Police Department;
  • Ensure currency destructions and currency disposal are managed properly in a timely manner, while complying to the necessary procedures, and prepare reports for management on time and accurate; and
  • Any other duties that may be assigned from time to time.

REQUIREMENTS:

  • Possess good bachelor degree with Honors in Digital Design, Graphic Design, Graphic Communication, Business Accounting, Finance, Management and any other related disciplines from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having a minimum of 3 years working experience in the related field will be an added advantage.

     

6.         ASSOCIATE/ASSOCIATE 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:

  • Prepare and review various legal documentations including contracts and Memorandum of Understanding;
  • Provide comprehensive legal opinion on complex legal matters through extensive legal research in a timely manner;
  • Have familiarity with all laws under AMBD's purview;
  • Draft and review other legal instruments e.g. Notices, Directions, Guidelines etc. with other departments within AMBD;
  • Represent Legal Affairs in various meetings, seminars and courses locally or internationally; and
  • Any other duties that may be assigned from time to time.

REQUIREMENTS:

  • Possess good degree in Law (LLB) from universities and institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possess Barrister Professional Training Course (BPTC) or its equivalent qualification;
  • Having a Master in Law (LLM) qualification or its equivalent qualification will be an advantage; and
  • Having relevant working experience will be an advantage.

 

7.       ASSISTANT OFFICER [S1]

PROCUREMENT

 The Assistant Officer is responsible for providing assistance in the coordination and development of procurement processes in AMBD including managing logistical arrangements, developing sound processes and assisting departments within the organisation achieve procurement objectives.

MAIN RESPONSIBILITIES:

  • Receive and assess Purchase Requisition Applications and keep applicants informed of the progress of their application;
  • Liaise with relevant stakeholders for the endorsement of necessary procurement paperwork;
  • Act as point of reference and advise for procurement processes;
  • Prepare and arrange logistics of AMBD Procurement activities including recording minutes and drafting resolutions;
  • Draft new and enhance current procedures in place to enhance processes related to Procurement, when and where needed;
  • Engage internal stakeholders on new and updated procedures introduced, when and where necessary;
  • Prepare quarterly procurement database; and
  • Any other duties that may be assigned from time to time.
     

    REQUIREMENTS:
  • Possess Higher National Diploma/Advanced Diploma in Business Administration or any equivalent qualification with related courses accredited by the Ministry of Education, Brunei Darussalam.
  • Having any certification related to procurement will be an added advantage; and
  • Prior working experience in related discipline will be an advantage.

     

8.         ASSISTANT OFFICER [S1]

INFORMATION TECHNOLOGY SERVICES

The Assistant Officer is responsible for providing assistance in IT technical support, security and operations for IT system and Data Centre (DC).

MAIN RESPONSIBILITIES:

  • Provide support, troubleshoot incidents and problems, identify source of issues, and determine possible solutions for IT system, Data Centre and related services;
  • Monitor outsourced services of IT system;
  • Monitor Data Centre facilities and hardware;
  • Assist in project implementation of IT system and related services;
  • Assist with risk and audit assessment of Information Technology;
  • Assist with the development, maintenance and implementation of necessary IT related policies, standards, procedures, baselines and guidelines for AMBD;
  • Assist in maintaining and producing reports and other documentations; and
  • Any other duties that may be assigned from time to time.

    REQUIREMENTS:
  • Possess a Higher National Diploma/ Advanced Diploma in Information Technology (IT) or IT related courses accredited by the Ministry of Education, Brunei Darussalam or of equivalent qualification;
  • Possess any relevant professional qualification or certification will be an added advantage;
  • Having experience on Data Centre, IT Infrastructure and project implementation will be an added advantage.

Interested candidates are requested to submit their applications online only through the Online Job Application Form on the website (NO physical submission nor sent via email will be entertained), with the following items:- 1) Completed application form; 2) a full resume; 3) a recent passport-sized photograph; 4) a copy of applicant's IC; and 5) only copies of relevant academic certificates.

Applications should be received by AMBD not later than 12 noon on Tuesday, 20th October 2020.

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED

  


PRESS RELEASE

CESSATION OF THE ISSUANCE OF BND10,000 CURRENCY NOTE

 

1.             Autoriti Monetari Brunei Darussalam has announced that effective 16 Rabiulawal 1442H corresponding to 2 November 2020M, BND10,000 currency notes will no longer be issued to all banks in Brunei Darussalam and subsequently, will be withdrawn from circulation. 

2.             However, the BND10,000 currency notes will remain legal tender and will retain full face value. The decision to withdraw the BND10,000 currency note is one of the steps taken by AMBD to reduce the risks associated with financial crimes such as money laundering, terrorism financing and counterfeiting of high denominations currency notes. 

3.             AMBD encourages the public to use various alternative payment methods available in Brunei Darussalam such as debit or credit cards and online payments for high value transactions. 

4.             AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. If the public have any queries, please contact AMBD at 2388388 or email us at info@ambd.gov.bn.


Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                     11 Safar 1442H / 29 September 2020M

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PRESS RELEASE 

EXTENSION OF WAIVER FOR ONLINE FUND TRANSFER FEES AND CHARGES

 

1.       Earlier this year, amid the uncertainties caused by current Covid-19 outbreak, and as part of the interim measures to ease the financial burden on affected individuals and businesses, Autoriti Monetari Brunei Darussalam (AMBD) and the Bank Association of Brunei (BAB) has agreed to waive online local interbank fund transfer fees and charges to all bank customers for a period of 6 months beginning from 1 April 2020 to 1 October 2020. 

2.       During the past 6 months AMBD in close consultation with BAB have been monitoring the impact of COVID-19 outbreak on the domestic economy, in particular on the affected individuals and businesses.  

3.       To that end, and to support economic activities and efforts by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam in containing COVID-19 outbreak in the country, AMBD and BAB have agreed to extend the waiver for online local interbank fund transfer fees and charges to all bank customers for another six (6) months, from 1 October 2020 to 31 March 2021.  

4.       For further information, please contact the banks directly or AMBD at 2388388 or info@ambd.gov.bn

   

Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                     11 Safar 1442H / 29 September 2020M

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PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (September 2020) - 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 185th issuance of Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
185
 3 September 20202 September 2021
364 Days0.2500%

 

With this issuance, the Brunei Government has thus far issued over BND14.02 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 3rd September 2020 stood at BND 373.5 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 185th 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 the individuals, companies or entities that have been included in the Alert List for the month of August 2020 are as follow:

  1. JAA Lifestyle;
  2. Khalifa BHH (FB Profile) (7312759); and
  3. Siti Hardiana (8879442) / Tarik Gaji (Invest 2020) / Invest Pusing Lagi / Company Eljojo / Invest Syarikat Fazfar Enterprise.

4.          To access the Alert List, as well as the list of persons and institutions licensed by AMBD, members of the public may visit here.

5.           AMBD would like to remind the public to not deal with any entities or individuals carrying out or offering unlicensed financial services or may be perceived as get-rich-quick schemes or pyramid schemes. Among the products and services that must be licensed by AMBD includes money changer, money remittance and money lenders. For any involvement in dealing with an unlicensed or unregulated company or individual, members of the public may not have the protection afforded under the regulatory framework administered by AMBD.

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 

 

Autoriti Monetari Brunei Darussalam

Date:                     9 Muharram 1442H / 28 August 2020M

Reference:           AMBD/COMMS/3

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Press Release

BRUNEI DARUSSALAM WINS BEST EGMONT CASE AWARD 2020

  1. The Financial Intelligence Unit (FIU), Autoriti Monetari Brunei Darussalam (AMBD), was announced as the winner of the prestigious Best Egmont Case Award (BECA) for the year 2020.  This is a highly coveted achievement among the 164 members of the Egmont Group of FIUs .
     
  2. This year marks the 10th year of the BECA competition, which received 24 cases from 19 member FIUs, where the case submitted by FIU, AMBD, was chosen as a finalist along with the case from FIU, Guatemala. This case was related to the involvement supporting a trial involving criminal breach of trust and money laundering charges which concluded earlier this year.
     
  3. The case study demonstrated an investigation that benefited from the FIU's contribution, through provision of intelligence that added value to the investigation, effective domestic and international cooperation, the use of innovative techniques and a successful outcome of the case – all of which are considered essential criteria for the Award.
     
  4. The Egmont Group of FIUs was established in 1995, to fight against money laundering and financing of terrorism through international cooperation, especially in the areas of information exchange, training and sharing of expertise. The Group has a membership of 164 FIUs from all over the world. BECA is an annual competition introduced in 2011 to recognize successful cases from which member-FIUs can learn and to appreciate real-life examples of cases that have been successfully prosecuted.
     
  5. This marks only the second time an FIU in Southeast Asia has won this international award, following the success of Anti Money Laundering Council (FIU of The Philippines) in 2015. Previous BECA winners in the past three years include Russia (Rosfinmonitoring) in 2017, Ukraine (State Financial Monitoring Service) in 2018, and Peru (Financial Intelligence Unit) in 2019.
     
  6. AMBD would like to acknowledge and warmly thank the Egmont Group of FIUs for coordinating the competition and other member FIUs that voted during this difficult period whilst the world is battling the COVID-19 impact.

 

Autoriti Monetari Brunei Darussalam

Date           : 7 Muharram 1442H/ 26 August 2020M

Reference : AMBD/COMMS/3

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Press Release

UNCLAIMED MONEY

1.       Autoriti Monetari Brunei Darussalam (AMBD), as the central bank of Brunei Darussalam, annually receives unclaimed money from all licensed banks in Brunei Darussalam, and administers individual claims on unclaimed money.

2.       Unclaimed money is money in a bank account which have had no activity (deposit and withdrawal) for at least 6 years and amounting to above BND100[1]. Unclaimed money in deposit accounts maintained in licensed banks are governed under the Banking Order (2006) and Islamic Banking Order (2008)[2].

3.       Every year, all licensed banks are required to submit to AMBD a list of new unclaimed money and the sum on unclaimed money[3]. Before submitting the list and transferring the unclaimed money to AMBD, licensed banks must make reasonable effort to identify and locate the rightful owners of the money and to ensure that the money is paid to the respective owners.

4.       Where unclaimed money has been transferred to AMBD, all licensed banks are required to publish a list of new unclaimed money that exceeds BND1,000 for the particular year in local newspapers at least twice a year in both Bahasa Melayu and English[4]. In ensuring this information is shared successfully, publications must include the identity of the owners (if known). In addition, AMBD maintains a full list of unclaimed money for the past years, made available on AMBD's website.  

5.       Rightful owners may claim their unclaimed money from AMBD by submitting an application to AMBD.  Applicants will also be required to submit a list of documents for verification. The application form, list of required documents, and details on the application process can be found here.

6.       For any other enquiries and information regarding unclaimed money, members of the public may contact AMBD at 2380975 or email us at


  

Autoriti Monetari Brunei Darussalam

Date:                     6 Muharram 1442H/ 25 August 2020M

Reference:         AMBD/COMMS/3


[1] Sections 84 and 87 of the Banking Order (2006) and Islamic Banking Order (2008)

[2] Part IX (Section 69 to 92) under the Banking Order (2006) and Islamic Banking Order (2008)

[3] Section 69 of the Banking Order (2006) and Islamic Banking Order (2008)

[4] Islamic Banking (Miscellaneous Provisions) Regulations (2008) and Banking (Miscellaneous Provisions) (Amendment) Regulations (2010)


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PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (August 2020) - 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 184th issuance of Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
184
6 August 20205 November 2020
91 Days0.1875%

 

With this issuance, the Brunei Government has thus far issued over BND13.97 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 August 2020 stood at BND 357.6 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 184th Series

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