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

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

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (January 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 164th 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
165
10 January 2019
11 April 2019
91 Days
1.5625%

 

With this issuance, the Brunei Government has thus far issued over BND 12.51 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 10th January 2019 stood at BND 347.5 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 165th Series

  


PRESS RELEASE

THANKSGIVING PRAYER CEREMONY IN CONJUNCTION WITH

THE 8TH YEAR ANNIVERSARY OF THE ESTABLISHMENT OF

AUTORITI MONETARI BRUNEI DARUSSALAM

Monday, 2 Jamadilawal 1440 corresponding to 8 January 2019

 

1.       Autoriti Monetari Brunei Darussalam (AMBD), held a Thanksgiving Prayer Ceremony in conjunction with the 8th year anniversary of the establishment of AMBD today, 2 Jamadilawal 1440 corresponding to 8th January 2019 in Masjid Hassanal Bolkiah, Kampung Perpindahan Mentiri.

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 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 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; and 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 Doa Kesyukuran, led by YM Awang Haji Shamsul bin Haji Latif, Imam of the Masjid Hassanal Bolkiah, Kg Perpindahan Mentiri.

4.       AMBD was established on 1st January 2011, to act as the central bank of Brunei Darussalam. The main objectives of AMBD are to achieve and maintain domestic price stability; to ensure the stability of the financial system; 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. In order to carry out these objectives, AMBD was mandated with three core functions, which is the formulation and implementation of monetary policies, the regulation and supervision of financial institutions, and currency issuance and management.

5.       Through the years, AMBD's functions are expanded to meet market demands with the establishment of Credit Bureau and Financial Consumer Issue Unit.

6.       Towards achieving Brunei Darussalam's Wawasan 2035, AMBD are actively producing experts in the fields of Islamic finance, finance and economy, amongst its employees. AMBD is constantly working with Institute of higher education in Brunei Darussalam to provide comprehensive training to students through its internship program. CIBFM in collaboration with AMBD are consistently organising trainings for relevant stakeholder as well as the public.

 

Autoriti Monetari Brunei Darussalam

 

Date                      :               2 Jamadilawal 1440 / 8 January 2019

Reference           :               AMBD/COMMS/3

Download Malay version here

Download english version here

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

 

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

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

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

  1. Bitclub;
  2. BruXM; and
  3. BlackoutFX

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 fci@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date:                     Rabiulakhir 1440 /             January 2019

Reference:           AMBD/COMMS/3

Download Malay version here

Download English here

  


PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 3, 2018 (Q3 2018)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the third 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 Q3 2018, the RPPI was at 85.5, a decrease of 5.7% year-on-year compared to Q3 2017 and a decrease of 5.7% quarter-on-quarter compared to Q2 2018.

img 01.JPG

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3.       Based on mortgage data obtained from banks, there were 111 transactions for residential properties in Q3 2018. The majority of these transactions were for detached houses (58%), followed by semi-detached (22%) and terrace houses (16%), apartments (3%) and land (1%). 

4.       The median purchase price for all residential properties was BND250,000 in Q3 2018. The median purchase prices for specific types of properties were BND280,000 for detached houses, BND199,000 for semi-detached houses, BND193,000 for terrace houses, BND215,000 for apartments, and BND91,000 for land. The overall median purchase price of residential properties in Q3 2018 increased by 9.4% year-on-year compared to Q3 2017 but showed a decrease by 3.8% quarter-on-quarter compared to Q2 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 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:             20 Rabiulakhir 1440 / 28 December 2018

Ref:                 AMBD/COMMS/

Please click here for more technical details.

Download Malay version here

Download English version here

  


PRESS RELEASE

AMBD POLICY STATEMENT 2/2018

Monday, 16 Rabiulakhir 1440 corresponding to 24 December 2018  

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published its bi-annual policy statement for the second half of 2018. In its Policy Statement 2/2018, AMBD noted that the global economy is expected to grow 3.7% in 2018 and 2019. The domestic economy declined by 0.05% year-on-year in the first half of 2018. AMBD's inflation forecast for 2018 is maintained within the lower half of the 0% to 1% range. AMBD inflation forecast for 2019 is in the range of 0% to 1% with potential downside risks to the forecast if global inflationary pressures remain weak.

2.       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 this year to enhance investor protection and confidence in capital markets. AMBD as the depository for the Brunei Government Sukuk Al-Ijarah, was appointed as the National Numbering Agency (NNA) for Brunei Darussalam. AMBD issued Notices on Conventional and Syariah-compliant Overnight Standing Facilities to support effective and efficient liquidity management for the banks. The instruments and operations in relation to the framework are strictly consistent with the Currency Board principles as Brunei Darussalam remains fully committed to the Currency Board Arrangement, and the Currency Interchangeability Agreement with the Republic of Singapore.
3.       AMBD will introduce a registration framework for all life insurance/family takaful agents carrying out insurance/takaful agency business with effect from 1 January 2019. AMBD issued a Notice on Syariah Governance Framework to ensure that the operations and financial instruments offered by financial institutions are Syariah-compliant and follow international best practices in Islamic finance.

4.       Finally, in the recent Doing Business Report 2019, the World Bank acknowledged the implementation of the national credit scoring system, known as Bureau Credit Score, by the Credit Bureau of AMBD. Brunei Darussalam achieved the full score and ranked first out of 190 economies in the Getting Credit indicator, sharing the top spot with New Zealand.

5.       The full version of AMBD Policy Statement 2/2018 can be found on AMBD's website (www.ambd.gov.bn). For further information and enquiries, members of the public may contact AMBD through the AMBD App, by calling the AMBD hotline at 2388388, or by emailing info@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date:     16 Rabiulakhir 1440 / 24 December 2018

Ref:        AMBD/COMMS/

Download Malay version AMBD Siaran Akhbar - Policy Statement 2-2018

Download English version AMBD Press Release - Policy Statement 2-2018

  


PRESS RELEASE

DIGITAL PAYMENT ROADMAP FOR BRUNEI DARUSSALAM 2019–2025

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has developed the "Digital Payment Roadmap for Brunei Darussalam 2019-2025" as part of its strategic initiatives to drive digital transformation in the payments industry in Brunei Darussalam. The Roadmap, which sets out key strategies towards a Digital Payment Nation, is in line with the strategies presented in the Financial Sector Blueprint 2016-2025 (FSBP) and Wawasan Brunei 2035's aspiration towards a dynamic and diversified economy.

  2. The digital transformation strategies contained in the Roadmap will focus on three key strategic areas of balancing regulation and innovation; adoption of open digital payment; and public awareness and education.

  3. The first key area requires the evolvement of existing payment regulations to maintain stability in the financial sector, promote collaboration among market players as well as allow existing financial institutions and prospective payment service providers to develop innovative financial solutions in the country.

  4. The second key area involves greater adoption of digital payment solutions to promote market interoperability and encourage fair market competition. New and innovative technology can lower barriers to adoption and will offer secure and cost-effective payment mechanisms for acceptance of digital payments by merchants.

  5. Finally, the third key area involves a collective effort between AMBD and the industry in enhancing public awareness and education geared towards building digital trust and market confidence towards the acceptance of digital payments.

  6. AMBD expects a paradigm shift where there will be more integrated collaboration between AMBD and relevant stakeholders in developing platforms for digital payments that are safe, efficient and resilient. This will enable the growth of financial technology and the emergence of new financial products and services.

  7. Since the establishment of AMBD in 2011, AMBD has made great strides in developing the domestic financial market infrastructure including the introduction of the Real-Time Gross Settlement (RTGS) system in 2014; the Automated Clearing House (ACH) in 2016 as well as the Central Securities Depository (CSD) in 2017. The introduction of Direct Credit Transfer in the ACH system in February 2017 has also contributed in the reduction of physical cheques usage by over 18% this year, compared to 2016. The value of cheques processed in 2018 compared to the previous year is expected to decrease by 27%.

  8. With the rise of the Fourth Industrial Revolution, the public has become more tech-savvy and technology has become embedded within society. The publication of the Roadmap will guide all relevant stakeholders in the payment industry to rise to the challenge of becoming a digital economy and cater to the needs of the next generation. 

  9. AMBD will continue to strengthen and manage the industry's technology risk and cybersecurity matters by providing regulatory guidance to financial institutions and conducting on-site and off-site assessments to monitor and supervise technology risk and cybersecurity in financial institutions. In addition, the FinTech Office has been established to facilitate start-up fintech companies to develop their innovative products in the AMBD FinTech Regulatory Sandbox, allowing FinTech products and services to be tested and experimented with using innovative solutions in a relaxed regulatory environment.

  10. For more information on the Digital Payment Roadmap for Brunei Darussalam 2019-2025, please visit AMBD's website at www.ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Ref:       AMBD/COMMS/3

Ruj:       13 Rabiulakhir 1440H / 21 December 2018M


Download Malay version here

Download English version  here

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

 

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

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

3.            AMBD would also like to inform the public that the Begawan Trading Society has been included in the Alert List for month of November 2018.

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

5.            AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. AMBD will also continue to actively monitor any 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:                     4 Rabiulakhir 1440H /       12 December 2018M

Reference:           AMBD/COMMS/3

Download Malay version here

Download English version  here

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (December 2018) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 164th issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND32.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
164
06 December 2018
05 December 2019
364 Days
1.7500%

 

With this issuance, the Brunei Government has thus far issued over BND 12.40 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 December 2018 stood at BND 347.5 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 164th Series

  


Press Release

KIDS AT AMBD DECEMBER SCHOOL HOLIDAY PROGRAMME

  1. Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with Creativate Sdn Bhd, ran the #KidsatAMBD December School Holiday Programme from Wednesday, 5 December 2018 to Friday, 7 December 2018 at the AMBD Currency Gallery, BCMB Building, Ministry of Finance and Economy Complex.
     
  2. The programme also saw the launch of Creativate's Financial Literacy Camp carrying the objective of introducing children, within the ages of 7 to 12 years old, to the history and development of the Brunei currency as well as basic financial literacy knowledge through experiential, play-based learning while instilling a sense of creativity during the learning process.
     
  3. The programme was participated by over 40 kids which were required to attend classes over a period of 3 days to complete the course. During the first day, the children were taught about the barter system, and consequently the problems with the system leading to the rationale behind resorting to currency as a means for trading. On the second day, the children learnt about the security features of the Brunei currency through a "follow-the-clue" activity. On the final day, an activity to understand smart spending as well as the basic concepts of savings and investment were taught.
     
  4. Creativate is a local startup company that focuses on developing and facilitating children's content in a fun and creative format. Some of the programmes they have conducted include elements of environmental awareness, music and movement, arts and craft, as well as reading and writing.
     
  5. The Kids at AMBD Programme aims to educate children from a young age to appreciate the Brunei currency and the importance of being financially smart, and to show AMBD's support towards local businesses in the country.

     

    Autoriti Monetari Brunei Darussalam

    Ref:        AMBD/COMMS/3
    Date:     3 Rabiulawal 1440 / 11 December 2018

     Download Malay version here
    Download English version here
  


PRESS RELEASE

BRUNEI DARUSSALAM REMAINS TOP 10 IN ISLAMIC FINANCE DEVELOPMENT INDICATOR 2018

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 Thomson Reuters Islamic Finance Development Report 2018. The report, which takes into account data accumulated in 2017, revealed that Brunei Darussalam's score in the Islamic Finance Development Indicator (IFDI), increased from 47 to 50, ranking Brunei Darussalam at the ninth position this year, and second in the ASEAN region, after Malaysia.

2.       The Thomson Reuters Islamic Finance Development Report 2018 shows that the global Islamic finance industry grew year-on-year by 11% amounting to US$2.4 trillion in assets in 2017. The report demonstrated potential for the industry to grow to US$3.8 trillion in assets by 2023.  

 3.       Malaysia, Bahrain and the United Arab Emirates remained the top three Islamic finance markets in overall development. Iraq, Suriname, Nigeria and Ethiopia were indicated as the emerging Islamic finance markets with the most improvements in their financial and supporting ecosystems. 

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 attained the top 10 position in the Seminars and Conferences Sub-Indicators under the Awareness indicator, rising from 6th to 3rd place for Seminars and 2nd place for Conferences –ranking the country in the top 5 countries for Islamic Finance Events in 2017. The report also indicated Brunei Darussalam as one of the countries with a strong regulatory landscape with governance being assessed through regulations, corporate governance, and Shariah governance.

6.       Growth for total assets was also recorded in Brunei Darussalam's financial sector. In the banking sector, Islamic banking asset increased from BND 10.9billion in 2016 to BND 11.2billion in 2017, accounting for 64% of the total market share of assets. Takaful asset size rose from BND 466.8million in 2016 to BND 491.8million in 2017. Additionally, capital market asset size increased from BND 52.2million in 2016 to BND 102.5million in 2017.

7.       Brunei Darussalam will continue towards achieving Islamic Finance excellence by creating a progressive Islamic Finance ecosystem on par with international best practices, and in line the local market needs.

8.       Thomson Reuters is a premier global provider of intelligent information to leading decision makers in the financial, legal, tax, accounting, intellectual property, science and media markets.

 

 Autoriti Monetari Brunei Darussalam

Date: 22 Rabiulawal 1440H / 30 November 2018M

Reference: AMBD/COMMS/3

Download PDF here Here


  


PRESS RELEASE

AMBD BEACH CLEANING CAMPAIGN

Saturday, 9 Rabiulawal 1440 corresponding to 17 November 2018

 

1.            Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with Green Brunei, recently held a Beach Cleaning Campaign at the Berakas Beach, Berakas Forest Reserve.

3.            The campaign was led by YM Mardini Bin Hj Eddie, Acting Assistant Managing Director, AMBD and YM Hj Muhd Shukri Bin Hj Ahmad, AMBD's Principal Syariah Advisor as Chairman of the AMBD Corporate Social Responsibility (CSR) Committee. More than eighty officers and staff from AMBD, and six members from Green Brunei volunteered in the campaign.

3.            This initiative carried the objective of preserving the natural environment to keep the marine habitat safe and shorelines trash-free. The campaign also acted as a platform for officers and staff to foster good and healthy relationship amongst each other as well as to show AMBD's support towards supporting the initiatives by local non-governmental organisations.

 IMG_2179.jpg

Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                     18 Rabiulawal 1440 / 26 November 2018

 

Download Malay version AMBD Siaran Akhbar - Kempen Kebersihan Pantai AMBD.pdf

Download English version AMBD Press Release - AMBD Beach Cleaning Campaign.pdf

  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (November 2018) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 163rd 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
163
08 November 2018
07 February 2019
91 Days
1.3750%

 

With this issuance, the Brunei Government has thus far issued over BND 12.38 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 November 2018 stood at BND 315.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 163rd Series

  


PRESS RELEASE

AMBD Mental Health Awareness Programme

Ministry of Finance and Economy Building,

Bandar Seri Begawan, Brunei Darussalam

Thursday, 1 November 2018 corresponding to 23 Safar 1440

 

1.            In conjunction with World Mental Health Day 2018, Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with the Health Promotion Centre (HPC), Ministry of Health, Brunei Darussalam, organized the AMBD Mental Health Awareness Programme for all AMBD officers and staff. The Programme is also a part of Ministry of Health's i-Mind Campaign to promote mental health awareness in workplaces around the country.

2.            World Mental Health Day was observed for the first time on 10 October 1992. It is a day for global mental health education and awareness about mental health issues globally and to mobilize efforts in support of mental health. According to the World Health Organization (WHO), a negative working environment may lead to physical and mental health problems, increased absenteeism or presenteeism, reduced productivity, and increased staff turnover. Thus, this may adversely affect the organization, employees' family, as well as social interactions.

3.            During the programme, YM Nor Syahmun binti Hj Matassan, one of the few Clinical Psychologists in Brunei Darussalam, introduced what mental health entails –while focusing on the 2 most common mental health illnesses in the country. This included symptoms, when to seek help, and where to seek help should one experience an elongated period of mental distress. The topic of work-life balance was also discussed during the programme. YM Nor Syahmun highlighted that, while work-life balance may differ for each individual, it is important for individuals to establish what is important to themselves before being able to attain work-life balance. By understanding work-life balance, employees can attain good mental health, and thus can contribute positively and productively to the organization and country.

4.            According to YM Hajah Nurhuaida Fakhriah binti Haji Damit, Head of AMBD's Human Capital Development, it is hoped that by organizing the programme, AMBD employees can better understand their mental health status and the importance of ensuring their mental health is in check. YM Hajah Nurhuaida Fakhriah also shared that data collected from the mental health survey by HPC for all attendees during the programme will aid in the enhancement of AMBD's human resource policies towards caring for the well-being of AMBD employees and the organization.      

5.            The programme, which will run over a span of 2 days, also included a Mental Health Awareness Exhibition, and Mental Health Screenings.

 

Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                     24 Safar 1440 / 2 November 2018

Download Malay version AMBD Siaran Akhbar - AMBD Mental Health Awareness Programme

Download English version here AMBD Press Release - AMBD Mental Health Awareness Programme

  

​     

Joint Press Release

ASEAN CAPITAL MARKET REGULATORS LAUNCH

PROFESSIONAL MOBILITY FRAMEWORK, SOCIAL AND SUSTAINABILITY BOND STANDARDS

 

1.       The ASEAN Capital Markets Forum (ACMF) recently met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market[1]. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building.
2.       The ACMF launched a framework to facilitate cross-border movement of investment advisers, which will allow ASEAN investors greater access to professional services. The first phase of the ACMF Professional Mobility Framework is the introduction of the "ACMF Pass" which will allow licensed professionals to provide advisory services within participating ASEAN jurisdictions, with fast-track registration and no additional licensing requirements. 

3.       Malaysia, Philippines, Singapore and Thailand are the first countries to participate in this initiative, to be followed by other countries in due course. The four regulators signed a Memorandum of Understanding today, at the 2nd ASEAN Capital Market Conference, an ACMF initiative hosted by the Monetary Authority of Singapore in collaboration with the Asian Development Bank (ADB).

4.       The ACMF continues to place emphasis on sustainable finance and launched the ASEAN Social Bond Standards (ASEAN SBS) and the ASEAN Sustainability Bond Standards (ASEAN SUS). Brunei Darussalam, Cambodia, Lao PDR, Malaysia, Philippines, Singapore, Thailand and Viet Nam have endorsed the standards. The introduction of the ASEAN SBS and ASEAN SUS follows from the ASEAN Green Bond Standards launched in November 2017. The ASEAN region now has a complete suite of standards to accelerate the development of sustainable finance in the region. 

5.       The standards are intended to enhance transparency, consistency and uniformity of ASEAN green, social and sustainability bonds, which will reduce due diligence cost and assist global investors to make informed investment decisions.

6.       The ASEAN SBS were developed based on the International Capital Market Association (ICMA)'s Social Bond Principles while the ASEAN SUS were developed based on ICMA's Sustainability Bond Guidelines. The proceeds from social bonds are for financing projects that are socially beneficial, while the proceeds from sustainability bonds will be used to finance a combination of both green and social projects that respectively offer environmental and social benefits.

7.       These two standards complement the ASEAN Green Bond Standards, which have gained encouraging traction with five issuances from Malaysia and Singapore carrying the ASEAN Green Bond label, while the first sovereign sukuk in ASEAN issued by Indonesia is aligned with the ASEAN Green Bond Standards. ACMF and ADB are working together to promote this asset class to global investors.
8.       In light of this, Autoriti Monetari Brunei Darussalam (AMBD) will also ensure that its legal and regulatory framework is aligned to these regional standards. AMBD also encourages the application of the standards by potential issuers and welcomes issuances and sustainable financing for infrastructure development projects in the country which can contribute to fostering the safety and long-term preservation of our environment and the well-being of our social community.

9.       The ASEAN Capital Market Conference is a platform for capital market regulators to exchange ideas, share insights, and collaborate amongst themselves and with industry experts to formulate actionable plans to drive the region's agenda for deeper and more connected capital markets. The 2nd Conference, themed "Sustainability and Connectivity", was attended by over 300 participants from the region, ranging from asset owners, fund managers, market analysts and other stakeholders in the financial industry. In keeping with the Conference's theme, panel sessions discussed sustainable financing, ASEAN capital markets connectivity, infrastructure financing as well as financing ASEAN SMEs and start-ups.

10.   To download the ASEAN Green Bond Standards, ASEAN Social Bond Standards, and ASEAN Sustainable Bond Standards, please follow the QR code below or visit http://www.theacmf.org/ACMF/webcontent.php?content_id=00074.

QR Code.png
 Autoriti Monetari Brunei Darussalam

Date:                     Safar 1439H/                      October 2018M

Ref No:                 AMBD/COMMS/3

Download PDF Joint Press Release - ACM Regulators Launch PMF Sustainability Standards

[1]  The ASEAN capital markets have a combined market value of USD 4 trillion (Sources: World Federation of Exchanges and Asian Bonds Online)

  


PRESS RELEASE

WARNING ON FRAUD RELATING TO NUMISMATIC BUSINESSES

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) would like to caution members of the public against social media accounts posing as old notes and coin collectors and offering to buy old notes and coins at a very attractive price. These offers may be attempts by fraudsters to deceive victims into making payments for transactions that will never materialise.

2.       Members of the public should exercise extreme caution when coming across what appears to be business transactions of high value and rarity on social media platforms, be it in the form of buying or selling. Unknown buyers may request for a number of fees, such as fees for bank transfers, before the payments can go through. Similarly, unknown sellers may request for advance or upfront payments before the promised products are released. The fraudsters may also ask for personal banking information.

3.       Members of the public are advised to ignore such requests and refrain from giving personal banking information to anyone under any circumstances. AMBD will never request for personal banking information when communicating with customers through telephone calls, emails or SMS.  

4.       For further information and enquiries, members of the public may contact AMBD through the AMBD App, by calling the AMBD at hotline 2388388, or by emailing info@ambd.gov.bn.

 

Autoriti Monetari Brunei Darussalam

Date:     7 Safar 1440 / 16 October 2018

Ref:        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 (October 2018) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 162nd 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
162
11 October 2018
10 January 2019
91 Days
1.3125%

 

With this issuance, the Brunei Government has thus far issued over BND 12.28 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 October 2018 stood at BND 315.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 162nd Series

  


PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 2, 2018 (Q2 2018)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the second 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 Q2 2018, the RPPI was at 90.7, a decrease of 9.3% year-on-year compared to Q2 2017 and had increased by 3.9% quarter-on-quarter compared to Q1 2018.

Period

Index

(Q1 2015 = 100)

Change (%)
From Q2 2017From Q1 2018
Q2 201890.7-9.33.9





3.       Based on mortgage data obtained from banks, there were 84 transactions for residential properties in Q2 2018. The majority of these transactions were for detached houses (51.2%), followed by semi-detached (21.4%) and terrace houses (21.4%), apartments (4.8%) and land (1.2%).

4.       The median purchase price for all properties was BND260,000 in Q2 2018. The median purchase prices for specific types of properties were BND280,000 for detached houses, BND257,500 for semi-detached houses, BND210,000 for terrace houses, BND283,000 for apartments and BND300,000 for land. The overall median purchase price of residential properties in Q2 2018 decreased by 8.8% year-on-year compared to Q2 2017 but showed an increase by 4% quarter-on-quarter compared to Q1 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 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

Rujukan: AMBD/COMMS/3

Tarikh:    18 Muharram 1440H/ 28 September 2018M

Please click here for more technical details.

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 (September 2018) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 161st issuance of short-term Sukuk Al-Ijarah securities.

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

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

 

With this issuance, the Brunei Government has thus far issued over BND 12.17 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 6th September 2018 stood at BND 347.4 million.

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


  


PRESS RELEASE

Notice on Overnight Standing Facilities

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

 

Autoriti Monetari Brunei Darussalam

Date: 3 Muharram 1440 / 13 September 2018

Ref: AMBD/COMMS/3

Download Malay version here

Download English version here

Download Technical Notes here

  

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

General Requirements:

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

1.         PRINCIPAL COUNSEL [M1]

LEGAL AFFAIRS

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

MAIN RESPONSIBILITIES:

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

MINIMUM REQUIREMENTS:

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

     

2.         SENIOR MANAGER [M3]

ADMINISTRATION

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

MAIN RESPONSIBILITIES:

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

MINIMUM REQUIREMENTS:

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

 

3.       MANAGER/MANAGER TRAINEE [M4]

BANKING

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

MAIN RESPONSIBILITIES:

  • To formulate relevant regulations and policies for the banking industry in line with international standards and best practices;
  • To conduct research on the relevant regulations and policies implemented for the banking sector regionally and internationally;
  • To supervise and monitor respective financial institutions in accordance with AMBD regulatory requirements;
  • To process licensing and other regulatory applications received from respective financial institutions;
  • To prepare information requested by other departments and agencies;
  • To implement the AMBD's Strategic Plan, Work Plan and any task assigned from time to time;
  • To assist on any international matters such as attending supervisory or other meetings; and
  • To perform other duties as may be assigned from time to time.


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

     

4.         MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE (AML/CFT SUPERVISION)

To perform Financial Intelligence functions and tasks as lead agency in Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) in accordance to Financial Action Task Force (FATF) Recommendations.

MAIN RESPONSIBILITIES:

  • To monitor compliance of Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) to relevant AML/CFT laws and FATF Recommendations;
  • To plan and conduct off-site and on-site examinations for AML/CFT supervision on FIs and DNFBPs
  • To prepare examination reports on FIs and DNFBPs;
  • To conduct outreach and training to FIs and DNFBPs; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

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

5.         MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE (ANALYSIS)

To perform Financial Intelligence functions and tasks as lead agency in Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) in accordance to Financial Action Task Force (FATF) Recommendations.

MAIN RESPONSIBILITIES:

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

MINIMUM REQUIREMENTS:

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

 

6.         MANAGER/MANAGER TRAINEE [M4]

INTERNATIONAL

To support Senior Manager/Executive Director by providing inputs and assistance in matters relating to international issues. To liaise with other departments in AMBD and other external agencies on related international issues.

MAIN RESPONSIBILITIES:

  • To prepare any international or bilateral meeting briefs;
  • To participate in any international or bilateral meetings, if required;
  • To liaise with relevant counterparties internally or externally in relation to any international matters;
  • To prepare and respond to surveys, questionnaires, inquiries, etc.;
  • To arrange Memorandum of Understanding with other international agencies; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

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

7.         MANAGER/MANAGER TRAINEE [M4]

LEGAL AFFAIRS

To provide sound legal advice to all relevant departments under AMBD and to ensure effective management of overall legal risk.

MAIN RESPONSIBILITIES:

  • To draft, prepare, vet and review legal documents, including Contracts, Memorandum of Understanding, Notices, Guidelines and other;
  • To deal with complex matters that cut across legal and finance related areas;
  • To provide sound legal advice  to  all departments  within AMBD and its Management;
  • To examine and advise on materials such as publications, advertisements etc., for legal implications which may affect AMBD;
  • To represent the Legal Affairs Unit in committees, meetings, seminars, courses etc.;
  • To contribute to the development of the AMBD's strategic plans; and
  • To perform any other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good degree qualification in Law (LLB) or higher from universities and institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possess Barrister-at-Law qualifications or its equivalent or possess Solicitor professional qualifications or its equivalent.  Applicants with a Masters in Law (LLM) qualifications or its equivalent will also be considered; and
  • Prior working experience is not necessary, although applicants who are capable of showing some level of experience in a related field will be an added advantage.

     

8.         MANAGER/MANAGER TRAINEE [M4]

ECONOMICS, RESEARCH AND STATISTICS

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

MAIN RESPONSIBILITIES:

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

MINIMUM REQUIREMENTS:

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

9.         MANAGER/MANAGER TRAINEE [M4]

MACROPRUDENTIAL POLICY AND FINANCIAL SURVEILLANCE

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

MAIN RESPONSIBILITIES:

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

MINIMUM REQUIREMENTS:

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

Interested applicants are requested to submit online only through Online Job Application Form (NO physical submission nor email submissions will be entertained) and the following items:- 1) Application form; 2) a full resume; 3) a recent passport-sized photograph; 4) a copy of your IC; and 5) only copies of relevant academic certificates.

Applications should be received by AMBD not later than 12 noon on Friday, 21st September 2018.

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

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED

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