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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

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 4, 2019 (Q4 2019)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the fourth quarter of 2019. 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 2019, the RPPI was at 95.3, an increase of 9.8% year-on-year compared to Q4 2018 and a decrease of 0.2% quarter-on-quarter compared to Q3 2019. 

RPPI Q4 2019 - Img 01.PNG

RPPI Q4 2019 - Img 02.PNG

RPPI Q4 2019 - Img 03.PNG

3.       Based on mortgage data obtained from banks, there were 111 transactions for residential properties in Q4 2019. The majority of these transactions were for detached houses (45.05%), followed by semi-detached houses (24.32%), terrace houses (18.92%) and apartments (11.71%). There were no transactions for land in Q4 2019.

4.       The median purchase price for all residential properties was BND258,000 in Q4 2019. The median purchase prices for specific types of properties were BND285,000 for detached houses, BND271,000 for semi-detached houses, BND225,000 for terrace houses and BND223,000 for apartments. The overall median purchase price of residential properties in Q4 2019 was higher by 2.4% compared to Q4 2018 and slightly lower by 0.8% compared to Q3 2019.
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.

Please click here for more technical details.


Autoriti Monetari Brunei Darussalam

Date:             8 Syaaban 1441 /      2 April 2020

Ref:                AMBD/COMMS/3

Download Malay version here

Download English version here

  


The full text of the Minister of Finance and Economy press statement can be found 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 entities that have been included in the Alert List for the month of March 2020 are Hans Loan (FB Profile) and M.M.Yas Sdn Bhd.

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:                     3 Syaaban 1441H / 27 March 2020M

Reference:           AMBD/COMMS/3


Download Malay version here

Download English version here

  


PRESS RELEASE

AUTORITI MONETARI BRUNEI DARUSSALAM

POSTPONEMENT OF SURVEY INTERVIEWS WITH BUSINESSES FOR BUSINESS SENTIMENT INDEX


1.       Reference is made to Autoriti Monetari Brunei Darussalam (AMBD)'s previous statement titled "Autoriti Monetari Brunei Darussalam to conduct Survey Interviews with Businesses for Business Sentiment Index" issued on 9 Rejab 1441H / 4 March 2020M.

2.       In light of the developing situation on COVID-19 in Brunei Darussalam, AMBD would like to inform that survey interviews of selected businesses for the Business Sentiment Index (BSI) project will be postponed until further notice.
3.       For further information and enquiries regarding the BSI, as well as the survey, members of the public may contact AMBD by calling 2382262.


Autoriti Monetari Brunei Darussalam

Date:                     1 Syaaban 1441H / 26 March 2020M 
Reference:          AMBD/COMMS/3


Download Malay version here

Download English version here

  


PRESS STATEMENT 

BANKING SECTOR INTRODUCES INTERIM MEASURES

 

1.       In view of the ongoing COVID-19 pandemic, Autoriti Monetari Brunei Darussalam (AMBD), working closely together with the Ministry of Finance and Economy (MoFE), has been in close consultation with the financial industry and stakeholders to address the current impact of COVID-19 on the local businesses. Together with the Brunei Association of Banks (BAB), interim measures to alleviate the financial burden on specific sectors have been agreed.  

2.       In supporting the impacted sectors and minimizing disruption to economic activity, under the guidance of MoFE, AMBD and BAB recognize the important role of the banking industry and agreed on the following measures effective from 1st April 2020 for a period of six months:

PR Banking Sector introduces Interim.PNG

3.       In an effort to encourage social distancing and minimize visits to banks, online local interbank transfer fees and charges will also be waived for 6 months for all customers. The general public is encouraged to utilize existing digital payment platforms offered by the banks and other payment system providers.

4.       Banks have also been encouraged to review their lending rates in the prevailing environment.
5.       Every bank has its existing Corporate Social Responsibility (CSR) initiatives, and the banks are currently expanding these activities further. 

6.       With all the various stakeholders coming together, taking the whole of nation approach, it is expected that the private sector, with all these relief measures, to also play their part by retaining their existing workforce. 

7.       AMBD would like to assure the general public that the banking sector remains resilient, strong and well-capitalized. AMBD will continue to monitor the development and work together with the financial institutions, and implement additional measures as and when necessary. 

8.       For further information, please contact the banks directly or AMBD at 2388388 or

 

Autoriti Monetari Brunei Darussalam

Date:   24 Rejab 1441 / 19 March 2020

Reference:     AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE
AUTORITI MONETARI BRUNEI DARUSSALAM COUNTERS AND SERVICES

1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public of temporary disruptions to our public counters effective immediately, until further notice.

2.       Please find below the details of our public counters and services.
Img 01.PNG

3.       For any other enquiries, the public may contact AMBD at 2388388 or email us at

4.       AMBD would like to apologise for any inconvenience caused.

 

Autoriti Monetari Brunei Darussalam

Date:                     22 Rejab 1441H/ 17 Mac 2020M
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 (March 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 179th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND 47.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
1795 March 20204 March 2021364 Days1.0625 %

 

With this issuance, the Brunei Government has thus far issued over BND13.52 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 March 2020 stood at BND 294.6 million.


Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 179th 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 entities that have been included in the Alert List for the month of February 2020 are as below:

  1. AMillennium Holdings Sdn Bhd / Joint Venture (AMillennium Hotels) / Joint Venture (Automotive Solutions);
  2. Andy Ong (Facebook Profile);
  3. Astro Maybank (Facebook Profile);
  4. Bluebirdbn.Home (IG Profile);
  5. Brunei Crypto;
  6. Crypto Mania Club (CMC) Brunei;
  7. LiteFinance Brunei;
  8. Lynn Dyana (Facebook Profile);
  9. Nurul Nooralifah (7146977)
  10. T.A.G Marketing / Triple A Group Marketing / International Consumer Entrepreneurship (I.C.E) / T.A.G Mart
  11. Zuan Zymah (Facebook Profile)
  12. 8124773

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:                     14 Rejab 1441H /               9 March 2020M

Reference:           AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

AUTORITI MONETARI BRUNEI DARUSSALAM

TO CONDUCT SURVEY INTERVIEWS WITH BUSINESSES FOR BUSINESS SENTIMENT INDEX

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) will be conducting survey interviews on selected businesses to develop the Business Sentiment Index (BSI) starting 1 April 2020. This survey is expected to be carried out monthly.
     
  2. The survey is to develop the BSI, a monthly published index to measure the level of business sentiment or confidence in Brunei Darussalam. More than 600 businesses have been selected to represent the various sectors within Brunei Darussalam's economy.
     
  3. The selected businesses will receive a letter notifying them of their involvement in the project and a suitable representative will be requested to participate in the survey. The interviews will be carried out by AMBD staff who will identify themselves at the beginning of the interviews.
     
  4. Respondents should expect general questions regarding the current and future business conditions, investments, employment of workers, as well as costs of running their businesses. Responses to the questions are mostly of qualitative nature and all responses will be kept confidential. No personal information will be collected aside from the respondents' name and contact information.
     
  5. Monitoring the level of business sentiment is important in many economies as it is a key barometer and a leading indicator of business conditions, as well as measures the overall health of the economy. Business confidence drives business growth and investment, and supports employment opportunities. As such, the BSI will provide additional valuable insights into how Brunei Darussalam's economy is faring from the perspective of businesses in general. Over time, it is hoped that the information gathered will assist policymakers in formulating appropriate policies to support economic development.
     
  6. For further information and enquiries regarding the BSI as well as the survey, members of the public may refer to the technical notes on the methodology and the list of survey questions for the BSI on the AMBD website at www.ambd.gov.bn. Respondents may also contact AMBD if they wish to verify the authenticity of an interviewer by calling AMBD at 2382262.

 

Autoriti Monetari Brunei Darussalam

Date:                     9 Rejab 1441H /  4 March 2020M 
Reference:          AMBD/COMMS/3

Download Malay version AMBD-Siaran-Akhbar-Business-Sentiment-Survey

Download English version AMBD-Press-Release-Business-Sentiment-Survey

Download BSI Survey Questions

Download BSI Methodology (Technical Notes) 

  


PRESS RELEASE

AMBD FINANCIAL AWARENESS ROADSHOW TO

SEKOLAH MENENGAH ARAB LAKI-LAKI HASSANAL BOLKIAH


1.                  Autoriti Monetari Brunei Darussalam (AMBD) and Sekolah Menengah Arab Laki-Laki Hassanal Bolkiah (SMALHB), in collaboration with, Financial Planning Association of Brunei Darussalam (FPAB) and Junior Achievement (JA), recently organised a financial awareness roadshow.

2.                  The roadshow was aimed to raise the level of financial literacy, as well as to foster an overall healthy financial lifestyle.

3.                  More than 370 students participated in the roadshow. The roadshow consists of a series of financial talks and interactive financial-related activities covering basic financial management concepts such as, savings, budgeting, credit management, Islamic finance and tips on how to identify characteristics of financial scams.  

4.                  Any organisations or agencies interested in AMBD's financial awareness roadshow, customised financial planning courses and workshops may contact us at or call us at 2388388.

 

Autoriti Monetari Brunei Darussalam

Ref:      AMBD/COMMS/3

Date :     2 Rejab 1441/  26 February 2020

Download Malay version Siaran-Akhbar-Financial-Awareness-Roadshow-to-SMALHB

Download English version Press-Release-Financial-Awareness-Roadshow-to-SMALHB

  


PRESS RELEASE

THANKSGIVING PRAYER CEREMONY IN CONJUNCTION WITH

HIS ROYAL HIGHNESS PRINCE HAJI AL-MUHTADEE BILLAH IBNI

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

46th BIRTHDAY CELEBRATION

Masjid Suri Seri Begawan Raja Isteri Pengiran Anak Damit, Kg Madang

Wednesday, 25 Jamadilakhir 1441 corresponding to 19 Februari 2020

 

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) held a Thanksgiving Prayer Ceremony in conjunction with the 46th Birthday of 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, in His Royal Highness' capacity as the Chairman of the AMBD Board of Directors today, 25th Jamadilakhir 1441 corresponding to 19 Februari 2020 at the Masjid Suri Seri Begawan Raja Pengiran Anak Damit, Kg Madang.

2.       Present during this ceremony were Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs as Deputy Chairman of AMBD's Board of Directors; Yang Berhormat Dato Seri Setia Haji Awang Abdul Mokti bin Haji Mohd Daud, Minister at the Prime Minister's Office; Yang Mulia Dato Seri Setia Dr. Haji Japar bin Haji Mat Dain @ Maidin, Deputy State Mufti, State Mufti's Office; other members of the AMBD Board of Directors as well as AMBD staff and officers.
3.       The ceremony began with the recitation of Surah Yassin followed by the Asar prayers and Doa Kesyukuran.

4.       AMBD, as well as the Brunei Darussalam financial sector, has seen many developments under His Royal Highness's direction, as the Chairman of AMBD's Board of Director. In particular, His Royal Highness has championed His Majesty Sultan Haji Hassanal Bolkiah Muizzaddin Waddaulah's vision of making Brunei Darussalam one of the global Islamic Finance hubs. With His Royal Highness Prince Haji Al-Muhtadee Billah's guidance, Brunei Darussalam has also successfully placed itself amongst the top 10 country in the world in Islamic Finance, based on the ICD-Refinitiv Islamic Finance Development Indicator 2019.

5.       Further to this, His Royal Highness has also kept a focus on the development of financial sector infrastructures. This is evident in the developments of the AMBD Credit Bureau and Collateral Registry, which has assisted in bringing Brunei Darussalam to the top spot in the world in the Getting Credit Indicator according to The World Bank's Ease of Doing Business Report for the years 2019 and 2020. It is also under His Royal Highness's direction that AMBD is actively promoting the digitalisation of the financial sector, through the publication of the Brunei Darussalam Digital Payment Roadmap and the establishment of the AMBD Fintech Regulatory Sandbox.

 

Autoriti Monetari Brunei Darussalam

Date :                    25 Jamadilakhir 1441 /19 Februari 2020

Reference :         AMBD/COMMS/3

Download Malay version here

Download English version here

  

PRESS RELEASE
CALL FOR APPLICATIONS TO ENTER THE FINTECH REGULATORY SANDBOX


1. Autoriti Monetari Brunei Darussalam (AMBD) continuously encourages the development of the financial sector, in particular, in the area of financial technology, or fintech. In line with this, AMBD calls for applications to enter the AMBD Fintech Regulatory Sandbox.

2. The AMBD Fintech Regulatory Sandbox was established on 27th February 2017 to facilitate the development of fintech in Brunei Darussalam. The Sandbox gives the opportunity for qualified Fintech companies to test and experiment their products and innovation in a flexible regulatory environment, for a limited period of time and within set boundaries.

Since the establishment of the sandbox, AMBD has approved a number of companies to test their fintech products and services in the Sandbox. The type of fintech products and services that are suitable for the Sandbox include those in the areas of banking, capital markets and insurance/takaful, or innovative areas of finance within AMBD’s regulatory scope that has the potential to benefit consumers.

4. Interested companies, businesses and financial institutions are advised to find out more about Fintech Regulatory Sandbox Guidelines, its processes and requirements through our virtual office, The Fintech Office, AMBD, at www.ambd.gov.bn/fintech-office.

5. AMBD remains committed to the country’s financial stability as well as the interests of financial consumers, and is continuously monitoring the risks involved in and development of fintech products and services.

Autoriti Monetari Brunei Darussalam
Date :   25 Jamadilakhir 1441H / 18 February 2020M
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 (February 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 178th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND 51 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
178
06 February 2020
07 May 2020
91 Days1.1250 %

 

With this issuance, the Brunei Government has thus far issued over BND13.48 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 February 2020 stood at BND 271.6 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 178th Series

  


Press Release

 BRUNEI DARUSSALAM REMAINS TOP 10 IN ISLAMIC FINANCE DEVELOPMENT INDICATORS 2019

  

1.          Brunei Darussalam maintained its ranking as one of the top 10 performing Islamic finance markets out of 131 countries as reported in the recently published ICD-Refinitiv Islamic Finance Development Report 2019: Shifting Dynamics. The report, which takes into account data accumulated in 2018, revealed that Brunei Darussalam's scored 45 points in the Islamic Finance Development Indicator (IFDI), ranking Brunei Darussalam at the tenth position in 2019, and third in the ASEAN region, after Malaysia and Indonesia.


2.         The ICD-Refinitiv Islamic Finance Development Report 2019 shows the global Islamic finance industry slightly grew by 3% year-on-year amounting to US$2.5 trillion in assets in 2018 due to sluggish wider economy in some of the industry's main markets. The report demonstrated potential for the industry to grow to US$3.5 trillion in assets by 2024.


3.         Malaysia, Bahrain and the United Arab Emirates remained the top three Islamic finance markets in overall development. Indonesia came fourth with improved score in Quantitative Development as the region have raised US$1.25 billion in sovereign green sukuk and US$1.64 billion in waqf-linked sukuk, both in 2018.


4.         The IFDI provides rankings and profiles for different Islamic finance markets around the world, on the basis of instrumental factors in five broad areas of development as the main indicators. These include Quantitative Development (Islamic Banking, Takaful, Other Islamic Financial Institutions, Sukuk and Islamic Funds); Knowledge (Education and Research), Governance (Regulations, Syariah Governance and Corporate Governance); Corporate Social Responsibility (CSR Activities and CSR Funds Disbursal); and Awareness (Seminar, News and Conferences).


5.         Brunei Darussalam remained in the top 10 position in the Awareness indicator, rising from 3rd to 2nd place for Seminars – ranking the country in the top 5 countries for Islamic Finance Events in 2018. The report also indicated Brunei Darussalam as one of the countries with a strong regulatory landscape and ranked as the top 5 countries under the Governance indicator, rising from 7th to 3rd place for Corporate Governance sub-indicator.


6.         In terms of growth in assets, the report also indicated Brunei Darussalam in the top 10 position in takaful assets and indicated as top 3 countries with fastest growing markets in takaful assets with an increase from BND491.8 million in 2017 to BND546.1 million in 2018. Islamic banking asset has also recorded a slight increase from BND11.2 billion in 2017 to BND11.7 billion in 2018, accounting for about 90% of the total Islamic finance market share of assets. Additionally, net asset value of Islamic funds increased from BND95.5 million in 2017 to BND102.1 million in 2018. 


7.         Refinitiv is a global provider of information, insights and technology to drive innovation and performance in global financial markets, and is jointly owned by Blackstone Group LP and Thomson Reuters.



Autoriti Monetari Brunei Darussalam

Date :   4 Jamadilakhir 1441 / 29 January 2020

Ref :     AMBD/COMMS/3

Download Malay version HERE
Download English version HERE
  

 


Autoriti Monetari Brunei Darussalam and the Monetary Authority of Singapore 
to Expand Cooperation


SIGNING_MEDIA-RELEASE_6.jpg

Bandar Seri Begawan, 23 January 2020… Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) yesterday committed to new areas of cooperation, with the signing of an enhanced Memorandum of Understanding (MoU) on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable.

2          The MoU, signed by AMBD Managing Director Rokiah Badar and MAS Managing Director Ravi Menon, builds on the longstanding cooperation between both countries in many areas, including the Currency Interchangeability Agreement.  New areas of cooperation include financial sector development, cross-border supervision, crisis management, AML/CFT, as well as currency management and operations.

3          At the Roundtable, AMBD and MAS discussed recent economic, monetary and financial developments, FinTech collaboration and currency management.

 

About the Monetary Authority of Singapore
As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore's exchange rate, official foreign reserves, and liquidity in the banking sector. As Singapore's integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.
 
About the Autoriti Monetari Brunei Darussalam
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.

 
For media queries, please contact:

Bridgitte Lee
Assistant Director (Communications)
Monetary Authority of Singapore
Tel: +65 62299262
Email: bridgitte_lee@mas.gov.sg

Muizzah Mohd Zakaria
Associate (Corporate Communications)
Autoriti Monetari Brunei Darussalam
Tel: +673 2388388
Email: muizzah.zakaria@ambd.gov.bn 

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (January 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 177th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND 86 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
177
09 January 2020
09 April 2020
91 Days1.3750 %

 

With this issuance, the Brunei Government has thus far issued over BND13.42 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 January 2020 stood at BND 320.6 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 177th Series


  


PRESS RELEASE

AMBD GIVES BACK TO SCHOOL ACTIVITY

OneCity Shopping Centre

Bandar Seri Begawan

 

  1. Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with OneCity Shopping Centre,  recently organised "AMBD Gives Back to School Activity" for the students of Batu Marang Primary School.
     
  2. The activity was one of AMBD's corporate social responsibility initiatives that aims to help and ease the burden of 15 students of Batu Marang Primary School by equipping them with school necessities for the new school year. The activity also aims to teach the students to spend wisely within an allocated budget.
     
  3. The event was attended by YM Dayang Hajah Noorrafidah binti Hj Sulaiman, Acting Managing Director of AMBD, YM Awang Mardini bin Haji Eddie, Acting Assistant Managing Director of AMBD and AMBD officers and staff. Also in attendance were the principal, teachers and students of Batu Marang Primary School. The students, accompanied by AMBD officers and staff, went shopping for school necessities and some of them were provided with free eye check services and spectacles.
     
  4. The event concluded with presentation of school books as gifts to the principal and students of Batu Marang Primary School by YM Dayang Hajah Noorrafidah binti Hj Sulaiman, Acting Managing Director of AMBD and YM Awang Mardini bin Hj Eddie, Acting Assistant Managing Director of AMBD.

     
    Autoriti Monetari Brunei Darussalam

    Ref:        AMBD/COMMS/3

    Date :   17 Jamadilawal 1441 / 13 January 2020
Download Malay version here
Download English versionhere
  


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 entities that have been included in the Alert List for the month of December 2019 are as below:

a)            Dinar Dirham Koin (DDK); and
b)            Skim Pelaburan SMMG (Skim Dana Self Made Millionaires Group)

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 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:                     Jamadilawal 1441H /        December 2019M
Reference:           AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

AMBD POLICY STATEMENT 2/2019

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) today published its bi-annual policy statement for the second half of 2019.
     
  2. In its Policy Statement 2/2019, AMBD noted that the global economy is expected to grow 3.0% in 2019. The domestic economy grew by 2.9% year-on-year in the first half of 2019. AMBD's inflation forecast for 2019 has been revised down to the range of -1% to 0% and inflation is forecasted to remain at similar levels for 2020.
     
  3. AMBD also highlighted that the banking industry continues to have a robust capital position, surplus liquid assets and improved profitability. In AMBD's efforts to progressively implement the Basel Core Principles for Effective Banking Supervision and the Basel II framework, banks have submitted their first Internal Capital Adequacy and Assessment Process (ICAAP) documents in June 2019. AMBD is undertaking a Risk Perception Survey (RPS) among banks for the development of forward looking data and information.
     
  4. With the full implementation of risk-based insurance supervision in 2017, AMBD is enhancing the framework and has introduced a profiling tool for insurance companies and Takaful operators. In line with AMBD's commitment to strengthen the risk management of insurance companies and Takaful operators in Brunei Darussalam, AMBD has issued requirements and guidance on outsourcing to set standards for sound practices on risk management of material outsourcing arrangements.
     
  5. AMBD has also issued several guidelines during 2019 including the Guideline on Conducting the Regulated Activity of Giving or Offering Investment Advice in October 2019. In line with the initiatives identified in the Brunei Darussalam Financial Sector Blueprint 2016-2025 (FSBP), a risk-based supervision framework for the supervision of the capital market intermediaries has been developed.
     
  6. Another guideline issued was the Guidelines on Product Transparency and Disclosure to financial institutions specifically for banks, finance companies, Takaful operators and insurance companies. AMBD has additionally issued revised and amended licensing conditions which took effect from 1 June 2019, as part of strengthening compliance of the money changing and money remittance businesses.
     
  7. AMBD is reviewing the Notice on Cyber Intrusion and Incident Reporting and Information Technology Risk Management Guidelines to ensure the framework on technology risk management remains relevant with the developments in technology and cybersecurity trends in the financial sector. AMBD will also be establishing the AMBD-Financial Institutions Technology Committee, as an avenue for the financial industry to discuss the opportunities and issues related to the use of technology and align their efforts to the Brunei Darussalam Financial Sector Blueprint 2016-2025 (FSBP).
     
  8. In efforts towards further developing a more efficient money market in Brunei Darussalam, AMBD intends to launch its own programme of Islamic Bills (AMBD I-Bills) in early 2020. The AMBD I-Bills aim to support effective and efficient liquidity management for the banks.
     
  9. The full version of AMBD Policy Statement 2/2019 can be found here. For further information and enquiries, members of the public may contact AMBD by calling the AMBD hotline at 2388388, or by emailing

     

     

    Autoriti Monetari Brunei Darussalam

    Ref:                        AMBD/COMMS/3
    Date:                     29 Rabiulakhir 1441H/ 26 December 2019

Download Malay version AMBD-Siaran-Akhbar-Kenyataan-Dasar-AMBD-2-2019

Download English version AMBD Press Release - AMBD Policy Statement 2-2019

  


PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 3, 2019 (Q3 2019)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the third quarter of 2019. 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 Q3 2019, the RPPI was at 95.4, an increase of 11.6% year-on-year compared to Q3 2018 and an increase of 6.9% quarter-on-quarter compared to Q2 2019.

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3.       Based on mortgage data obtained from banks, there were 108 transactions for residential properties in Q3 2019. The majority of these transactions were for detached houses (54.63%), followed by terrace houses (18.52%), semi-detached houses (17.59%), apartments (8.33%) and land (0.93%). 

4.       The median purchase price for all residential properties was BND260,000 in Q3 2019. The median purchase prices for specific types of properties were BND288,000 for detached houses, BND290,000 for semi-detached houses, BND205,000 for terrace houses, BND190,000 for apartments and BND85,000 for land. The overall median purchase price of residential properties in Q3 2019 was higher by 4.0% compared to Q3 2018 and remained unchanged compared to Q2 2019.

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: 27 Rabiulakhir 1441 / 24 December 2019
Ref: AMBD/COMMS/3

Download Malay version AMBD Siaran Akhbar - RPPI Q3 2019

Download English version AMBD Press Release - RPPI Q3 2019

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