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

  


PRESS RELEASE

BUSINESS SENTIMENT INDEX (BSI)

FOR BRUNEI DARUSSALAM FOR OCTOBER 2022

 

1.       Brunei Darussalam Central Bank (BDCB) today published Brunei Darussalam's Business Sentiment Index (BSI) for the month of October 2022. The index is based on surveys conducted on more than 600 micro, small, medium and large-sized businesses from 11 economic sectors in Brunei Darussalam, across all districts. 

2.    The monthly index is designed to measure the level of business confidence/sentiment in the country covering various aspects including current and future business conditions; investments; employment of workers; as well as costs of running the businesses. Therefore, BSI serves as a leading macroeconomic indicator with its forward-looking element.  

3.      The BSI and sub-indices can be interpreted as below:

BSI Oct 2022 Img 01.png

4.      There are 9 sub-indices within the BSI. The Current Business Conditions sub-index, being the main headline index for the BSI, was 49.9 in October 2022. In general, private sector businesses were slightly pessimistic towards their business conditions in October 2022 compared to the previous month. This is due to expectations of a slowdown in activities, reduced domestic spending with the borders fully opened, as well as the rainy season which affects operations in some sectors. Meanwhile, some businesses expected improvement in business performance with increased activities, as well as sales and projects compared to September 2022. Looking ahead, businesses were generally optimistic of their performance in November 2022 as indicated by the index for one month (1M) ahead, which stood at 50.4. This was driven by expectations of more projects and activities in November 2022.

​​​BSI Oct 2022 Img 02.png

5.      The Investment sub-index was 50.3 for the current month, 50.0 for one month (1M) ahead, and 50.2 for three months (3M) ahead. This indicates that, in general, businesses expected to increase their investment expenditures in October 2022 and in the next 3 months. The increase, amongst others, may be attributed to system upgrades; purchase of materials for projects; machinery and equipment; company vehicles; renovations and expansion of premises; opening of new outlets/branches; and the stocking up of inventory. Meanwhile, for the month of November 2022, the level of investment expenditure is expected to remain the same as the previous month. 

6.      The Employment sub-index was 50.3 for the current month, and 50.3 for 1M ahead. This indicates that businesses generally expected to hire more employees in October and November 2022, in line with expansion plans and increased number of projects. Moreover, a number of companies have indicated plans to continue hiring as they were still experiencing shortage of workers due to the difficulty in retaining local employees and bringing in foreign workers.

7.      The Costs sub-index was 50.3 for the current month, and 50.4 for 1M ahead. Companies generally expected the costs of running their businesses to increase in October and November 2022. Several factors were cited such as increased costs of food ingredients and raw materials such as cement and stones; higher shipment costs; maintenance works; project and salary expenses as well as recruitment costs; increased marketing activities; and purchase of flight tickets for outgoing foreign employees.

8.      In terms of economic sectors, 4 out of 11 sectors recorded optimism in October 2022. The Finance and Insurance sector showed the largest increase in sentiment with better performance expected towards the end of the year. Construction sector also expected an improvement in their performance due to increased projects. On the other hand, 6 sectors showed pessimism in October 2022, citing fewer projects and sales due to more people travelling abroad and the rainy season. The largest decrease in sentiment was from the Transport and Communication sector which was mainly due to a seasonal slowdown. Meanwhile, businesses in the Real Estate and Ownership of Dwellings sector reported similar sentiments regarding their business conditions in October 2022 compared to September 2022.

BSI Oct 2022 Img 03.png

9.      In terms of sentiment by business size, only medium-sized businesses reported optimism in October 2022 with improved overall business conditions due to more projects and demand in general. On the other hand, small-sized businesses reported pessimism due to the general downturn and inclement weather. Meanwhile, micro- and large-sized businesses expected similar business conditions to last month.

 BSI Oct 2022 Img 04.png

10.    The time-series charts for the BSI and its sub-indices since August 2020 can be found in ANNEX 1. For more information on BSI, members of the public can refer to the technical notes on the methodology and statistics in BDCB website at www.bdcb.gov.bn and follow updates on the BSI through future press releases and BDCB's Instagram account @centralbank.brunei.

Brunei Darussalam Central Bank

Date:     1 Jamadilawal 1444H / 25 November 2022M 
Ref:        BDCB/COMMS/3

Download Malay verison here Download Englsih version here
Download BSI Methodology (technical notes)

ANNEX 1

Business Conditions

BSI Oct 2002 Annex 01.png 

Note: For 1M Ahead Business Conditions, the result compares expected business conditions in the month ahead compared to the current month. 

For Business Conditions sub-index, above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month. 

Investments

BSI Oct 2002 Annex 02.png 

Note: For 1M Ahead Investments, the result compares expected investment in the next month compared to the current month while the 3M Ahead Investment, the result compares expected investments 3 months ahead compared to the current month.

For Investments sub-index, above 50 indicates increased investment compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates reduced investment compared to the previous month.

Employment

BSI Oct 2002 Annex 03.png 

Note: For 1M Ahead Employment, the result compares expected employment in the next month compared to the current month.

​For Employment sub-index, above 50 indicates more new hires compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates reduction in employee headcount compared to the previous month. 

Costs

 BSI Oct 2002 Annex 04.png

Note: For 1M Ahead Costs, the result compares expected costs in the next month compared to the current month.

For Costs sub-index, above 50 indicates an increase in costs and conversely for below 50. Index at 50 indicates costs were more or less the same in the current month compared to previous month.

Sectoral BSI – August 2020 to October 2022

 BSI Oct 2002 Annex 05.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

Sentiment by Business Size

BSI Oct 2002 Annex 06.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.​

  

PRESS RELEASE

MISUSE OF NAME, LOGO OR REPRESENTATION OF BRUNEI DARUSSALAM CENTRAL BANK (BDCB)

 

  1. It has come to our attention that there have been individuals allegedly claiming to be associated with BDCB and subsequently, misusing the name and logo of BDCB, in undertaking their business transactions involving the purchase of old coins.
     
  2. BDCB would like to emphasise that any person who uses BDCB's name, symbol, design or representation without its written permission or uses a name, symbol, design or representation identical or resembles BDCB's name, symbol, design or representation with the intentions of deceiving or to cause confusion or to be likely to deceive or cause confusion, is committing an offence under Section 74A of the Brunei Darussalam Central Bank Order, 2010, which carries a penalty of a fine not exceeding BND20,000 or imprisonment for a term not exceeding seven (7) years, or both.
     
  3. BDCB would like to advise members of the public to stay vigilant and wary when receiving communication materials purporting to be linked to BDCB through the illegal use of BDCB's name, symbol, design or representation, requesting for payments or personal details. If members of the public receive a text message claiming to be from BDCB which is believed to be false, they may contact BDCB at 8318388 or email info@bdcb.gov.bn.

 

Brunei Darussalam Central Bank

Date:                       27 Rabiulakhir 1444H / 22 November 2022M

Reference:             BDCB/COMMS/3

Brunei Darussalam Central Bank (BDCB) has 4 main objectives. These are 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.

Download Malay version BDCB Siaran Akhbar - Unauthorised Use of BDCB Name and Logo

Download English version BDCB Press Release - Unauthorised Use of BDCB Name and Logo

  

 

PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (November 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 99th issuance of BDCB I-Bills.

​The total of the sukuk issuance was BND19.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRate​
09917 November 20221 December 202214 Days1.9500%

 

With this issuance, BDCB thus far has issued BND2.652 billion worth of short-term BDCB I-Bills since the maiden offering on 22 October 2020, and the total holdings of the BDCB I-Bills outstanding as at 17 November 2022 stood at BND19.5 million.

Download Successful Issuance of BDCB Islamic Bills 99th Series

  

​​


PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (November 2022) - The Brunei Darussalam Central Bank (BDCB), 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 212th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND100 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
212
10 November 2022
9 February 2023
91Days
3.6250%

 

With this issuance, the Brunei Government has thus far issued over BND15.84 billion worth of 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 November 2022 stood at BND305 million.

Download Successful Issuances of Brunei Darussalam Government Sukuk Al-Ijarah Securities 212th Series

  

 

PRESS RELEASE

COMMEMORATIVE COINS IN CONJUNCTION WITH THE OFFICIAL NAMING OF

 SULTAN HAJI OMAR 'ALI SAIFUDDIEN BRIDGE (JHSOAS)

 

1.                 Brunei Darussalam Central Bank (BDCB) would like to announce that in conjunction with the official naming of the Sultan Haji Omar 'Ali Saifuddien Bridge (JHSOAS), it will be issuing commemorative coins in gold, silver and cupronickel. These commemorative coins will be legal tender in Brunei Darussalam. The descriptions of these commemorative coins are as follows:

​ PR - Commemorative coins JHSOAS img 01.png

2.                These commemorative coins will be available for sale to the public commencing on Tuesday, 13 Rabiulakhir 1444H in conjunction with 8 November 2022M. Members of the public who are interested in purchasing the commemorative coins may visit:

Venue:

BDCB Currency Gift Shop

Brunei Darussalam Central Bank

Level 1, BCMB Building

Ministry of Finance and Economy Complex

Commonwealth Drive

Bandar Seri Begawan BB3910

Brunei Darussalam

 

​Opening Hours:

PR - Commemorative coins JHSOAS img 02.png

3.                For more information, members of the public may refer to the BDCB website at www.bdcb.gov.bn. Updates will also be available via BDCB's Instagram account @centralbank.brunei. 

Brunei Darussalam Central Bank

Tarikh:                9 Rabiulakhir 1444H/ 4 November 2022M

Rujukan:             BDCB/COMMS/3

Download BDCB Siaran Akhbar - Commemorative JHSOAS Coins Launch

Download BDCB Press Release - Commemorative JHSOAS Coins Launch

  

 

PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (November 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 97th issuance of BDCB I-Bills.

The total of the sukuk issuance was BND19.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
097
3 November 2022
17 November 202214 Days1.8000%

 

With this issuance, BDCB thus far has issued BND2.632 billion worth of short-term BDCB I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the BDCB I-Bills outstanding as at 3rd  November 2022 stood at BND27 million.

Download Successful Issuance of BDCB Islamic Bills 97th Series

  

​​

MEDIA RELEASE

27 October 2022

 

ASEAN Capital Markets Forum: Addressing the Challenges Related to Sustainable Development, Inclusivity and Resiliency for the Benefit of the Member States

The ASEAN Capital Markets Forum (ACMF) has achieved its commitment in 2022 to promote Sustainable Development, Inclusivity and Resiliency, despite the impact of the global economic downturn and COVID-19 pandemic. The ACMF convened its 37th ACMF Chairs' Meeting today at Sofitel Phnom Penh Phokeethra Hotel, Phnom Penh, Cambodia, hosted by the Securities and Exchange Regulator of Cambodia (SERC).  

The Meeting endorsed the ASEAN Sustainability-Linked Bond Standards[1] and the ASEAN Sustainable and Responsible Fund Standards, which will support ASEAN in narrowing the gap toward the 2030 Agenda in combating climate change. In addition, the endorsement of these two standards indicated the group's commitment to meet the ACMF Action Plan 2021-2025 Strategic Objectives. The meeting also took note of the progress in the development of the ASEAN Taxonomy for Sustainable Finance by the ASEAN Taxonomy Board (ATB), of which the ACMF is one of its four component sectoral bodies. Following stakeholder consultations on Version 1, which involved the public and private sectors as well as international standards setters, inputs received will be used by the ATB in developing the next version of the ASEAN Taxonomy.

ACMF has made remarkable progress in promoting sustainable finance. As of October 21, 2022, issuances amounting to US$29.82 billion have been issued under the ASEAN Green, Social and Sustainability Bond Standards, which were introduced in 2017 and 2018. The launch of the ASEAN Sustainability-Linked Bond Standards and the ASEAN Sustainable and Responsible Fund Standards will widen the range of sustainable investments in ASEAN, thereby accelerating sustainable development across the region.

In addition, to promote and publicize cross-border offerings of funds and collective investment schemes in ASEAN, the ACMF endorsed the ASEAN Collective Investment Schemes (ASEAN CIS) Digital Repository. The Meeting also acknowledged the progress of the ACMF Market Development Program (A-MDP) and supported the creation of more experience- and knowledge-sharing programs among members to respond to the needs of the ACMF members and ensure that all members benefit from these programs.

To promote sustainability disclosure across ASEAN and to enhance the voice of ASEAN in international standard-setting, the ACMF engaged with the International Sustainability Standards Board (ISSB) to discuss and convey the ASEAN perspective on the draft ISSB standards, focusing on the areas of interoperability, proportionality in implementation and phasing in of industry-specific metrics. This engagement with the ISSB lays the foundation for future collaboration, and would help ACMF evaluate the feasibility of adopting ISSB standards based on each jurisdiction's own legal and regulatory arrangements with respect to international standards, in a way that promotes consistent and comparable sustainability disclosures across ASEAN.

The Meeting was pleased to note that the ASEAN Corporate Governance Scorecard (ACGS) Awarding Ceremony is expected to be held virtually in December 2022. The Meeting also acknowledged the efforts taken by the ACMF to enhance and promote corporate governance in the region through strengthening the collaboration with the ADB and OECD, which will be another key catalyst to boost transparency and market confidence in ASEAN.

The Meeting acknowledged and appreciated the efforts of the ACMF in promoting mobility of professionals in the markets and took note of developments in digital assets in ASEAN through the updates and the experience sharing of the members.

ACMF expressed its gratitude to the Asian Development Bank (ADB) for their support in providing ACMF with technical assistance as well as expert guidance to foster capital market development throughout the ASEAN region.

ACMF also thanked the Sustainable Finance Institute Asia (SFIA) and the Industry Advisory Panel under the Joint Sustainable Finance Working Group of the ACMF and the ASEAN Working Committee on Capital Market Development (WC-CMD) for their continuous support for and efforts in developing ASEAN's sustainable capital markets.

The Meeting also witnessed the handover of the ACMF Chairmanship from the ACMF Chair of 2022, the Securities and Exchange Regulator of Cambodia, to the Otoritas Jasa Keuangan (OJK), Indonesia for 2023, with the Lao Securities Commission Office (LSCO) as Vice-Chair.

The Meeting ended successfully with a united commitment to continue to implement the ACMF Action Plan 2021-2025 in pursuit of the ACMF Vision 2025. 

----END-----

Note-to-Editors

About the ACMF

  • The ACMF is a high-level grouping of capital market regulators from all 10 ASEAN jurisdictions, namely Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ACMF is currently chaired by Securities and Exchange Regulator of Cambodia. The next ACMF Chair will be the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / OJK).

 

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

 

For media queries, please contact:

Securities and Exchange Regulator of Cambodia

Members of the Media may contact Ms. SENG Soklin at s_soklin@serc.gov.kh or Mr. KHAT Bunkheang at k_bunkheang@serc.gov.kh

[1] A Priority Economic Deliverable under the ASEAN Chairmanship of Cambodia.

Download Press-Release-37th-Meeting-of-the-ACMF

  


PRESS RELEASE

BRUNEI DARUSSALAM CENTRAL BANK REMINDS PUBLIC OF THE RISKS IN CRYPTOCURRENCIES, CRYPTO MINING AND SCAMS RELATED TO SAID ACTIVITIES

 

1.       Brunei Darussalam Central Bank (BDCB) has previously published two statements on cryptocurrencies on 4 Rabiulakhir 1439H corresponding to 22 December 2017M; and 8 Sya'aban 1439H corresponding to 24 April 2018M.

2.      BDCB wishes to reiterate that cryptocurrencies are not legal tender in Brunei Darussalam and are not regulated by BDCB as they operate independently from monetary authorities or central banks. Nevertheless, the activities surrounding them may be regulated if they constitute any of the activities regulated in the relevant legislation under BDCB's purview where compliance to specific requirements must be adhered to. This may include, but is not restricted to, businesses or individuals providing financial services to the public in the form of deposit-taking, extension of loans, remitting funds across the border, foreign exchange services, and the issuance of securities. 

3.      To date, BDCB has been closely monitoring developments surrounding cryptocurrencies to ensure that the regulatory measures are commensurate with the risks posed. BDCB is aware that, considering the rapid growth of cryptocurrencies globally, there has been heightened interest from the public. To this end, BDCB is currently developing an appropriate legal and regulatory framework for the licensing and supervision of cryptocurrencies and related activities. 

4.      BDCB is aware that an activity gaining traction is crypto mining. Crypto mining is a process of verifying transactions on a blockchain network to generate new cryptocurrencies by solving complex cryptographic puzzles through the use of machines with extensive computing power, which requires a massive consumption of electricity. In this regard, the activity of using computers or other machines specifically to perform crypto mining falls outside of BDCB's purview. Nevertheless, BDCB will work closely with relevant government agencies in tackling any issue concerning crypto mining. 

5.      BDCB plays a vital role in protecting the public interest and the integrity of Brunei Darussalam's financial system. As such, BDCB would like to remind members of the public to exercise extreme caution prior to dealing with cryptocurrencies as well as its related products and to fully understand the risks associated with them. Members of the public are also reminded to be wary of the rampant cryptocurrency fraud and scams which promise high returns on investments that tend to be advertised online and via social media. 

6.      For further enquiries and information, members of the public may contact BDCB at 8318388, email info@bdcb.gov.bn, visit BDCB's website at www.bdcb.gov.bn; or by following BDCB on Instagram at @centralbank.brunei.


Brunei Darussalam Central Bank

Date:     6 Rabiulakhir 1444/ 1 November 2022

Ref:        BDCB/COMMS/3

Download BDCB-Siaran-Akhbar-Reminder-on-Risks-of-Cryptocurrencies-Crypto-Mining-and-Scams-Related-to-Said-Activities

Download  BDCB-Press-Release-Reminder-on-Risks-of-Cryptocurrencies-Crypto-Mining-and-Scams-Related-to-Said-Activities

  


PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (October 2022) - The Brunei Darussalam Central Bank (BDCB), 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 211th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND100 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
211
20 October 2022
19 January 2023
91Days
3.1250%

 

With this issuance, the Brunei Government has thus far issued over BND15.74 billion worth of Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 20th October 2022 stood at BND300 million.

Download Successful Issuances of Brunei Darussalam Government Sukuk Al-Ijarah Securities 211th Series

  

 

PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (October 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 96th issuance of BDCB I-Bills.

The total of the sukuk issuance was BND7.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
096
27 October 2022
10 November 202214 Days1.7500%

 

With this issuance, BDCB thus far has issued BND2.613 billion worth of short-term BDCB I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the BDCB I-Bills outstanding as at 27th October 2022 stood at BND27 million.

Download Successful Issuance of BDCB Islamic Bills 96th Series

  

PRESS RELEASE

BUSINESS SENTIMENT INDEX (BSI)

FOR BRUNEI DARUSSALAM FOR SEPTEMBER 2022

 

1.       Brunei Darussalam Central Bank (BDCB) today published Brunei Darussalam's Business Sentiment Index (BSI) for the month of September 2022. The index is based on surveys conducted on more than 600 micro, small, medium and large-sized businesses from 11 economic sectors in Brunei Darussalam, across all districts.

2.    The monthly index is designed to measure the level of business confidence/sentiment in the country covering various aspects including current and future business conditions; investments; employment of workers; as well as costs of running the businesses. Therefore, BSI serves as a leading macroeconomic indicator with its forward-looking element.    

3.      The BSI and sub-indices can be interpreted as below:

BSI Sep 2022 Img01.png

4.      There are 9 sub-indices within the BSI. The Current Business Conditions sub-index, being the main headline index for the BSI, was 50.1 in September 2022. In general, private sector businesses were slightly optimistic towards their current business conditions, on expectations of an increase in activities, sales and projects following the September school holiday period and multiple events throughout the month. However, businesses in several sectors expected sales to drop due to the increased number of people travelling abroad during the school holidays while others also expected their general performance to be more or less the same in September compared to the previous month. Looking ahead, businesses were generally optimistic of their performance in October 2022 as indicated by the index for one month (1M) ahead, which stood at 50.3. This was driven by expectations of more projects and activities, compared to September 2022.

5.      The Investment sub-index was 50.1 for the current month, 50.1 for 1M ahead and 50.2 for three months (3M) ahead. This indicates that, in general, businesses expected to increase their investment expenditures in September 2022, as well as one month and three months ahead.  These, among others, included the purchase of materials for projects, machinery, equipment and company vehicles; undergoing renovations and expansion of premises including farm sites; opening of new outlets/branches; and stocking up on inventory.

6.      The Employment sub-index was 49.9 for the current month, and 49.9 for 1M ahead. This indicates that businesses generally expected to have a reduced headcount in September and October 2022. Amongst the factors reported included early retirement packages; resignation; and end of employment contract. Several businesses do not plan to hire more workers for the time being, partly due to fewer projects and business activities. Nonetheless, a number of companies have indicated their intention to continue hiring as they are still experiencing a shortage of workers while facing challenges in retaining local employees and bringing in foreign workers.

7.      The Costs sub-index was 50.3 for the current month, and 50.6 for 1M ahead. This shows that companies generally expected the costs of running their businesses to increase in September and October 2022. Several factors were cited such as increased costs of food ingredients and raw materials such as cement and stones; higher shipment costs; more expenditure due to maintenance works; project and salary expenses; and flight tickets for outgoing foreign employees.

BSI Sep 2022 Img02.png

8.      In terms of economic sectors, 6 out of 11 sectors recorded optimism in September 2022. The Transport and Communication sector showed the largest increase in sentiment with the forecast of increase in demand for flight tickets especially during school holidays. Finance and Insurance sector also expected an improvement in their performance with higher demand for their products and services. On the other hand, Manufacturing; Wholesale and Retail Trade; and Other Private Services showed pessimism in September 2022 as they cited fewer projects and sales due to more people travelling abroad. Meanwhile, Oil and Gas Related; and Agriculture, Forestry, Fisheries and Livestock sectors reported similar sentiments regarding their business conditions in September 2022 compared to August 2022.

BSI Sep 2022 Img03.png

9.      In terms of the index by business size, micro-, small- and large-sized businesses reported optimism in September 2022 with improved overall business conditions due to more projects and demand in general. Meanwhile, medium-sized businesses expected similar business conditions to last month.

BSI Sep 2022 Img04.png 

10.    The time-series charts for the BSI and its su-indices since August 2020 can be found in ANNEX 1. For more information on BSI, members of the public can refer to the technical notes on the methodology and statistics in BDCB website at www.bdcb.gov.bn and follow updates on the BSI through future press releases and BDCB's Instagram account @centralbank.brunei.

 

Brunei Darussalam Central Bank

Date:     29 Rabiulawal 1444H / 25 October 2022M 
Ref:        BDCB/COMMS/3

Download Malay version here Download English version here

Download BSI Methodology (technical notes)

ANNEX 1

Business Conditions

BSI Sep 2022 App01.png

​Note: For 1M Ahead Business Conditions, the result compares expected business conditions in the month ahead compared to the current month. 

For Business Conditions sub-index, above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

Investments

 BSI Sep 2022 App02.png

Note: For 1M Ahead Investments, the result compares expected investment in the next month compared to the current month while the 3M Ahead Investment, the result compares expected investments 3 months ahead compared to the current month.

​For Investments sub-index, above 50 indicates increased investment compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates reduced investment compared to the previous month.

Employment

BSI Sep 2022 App03.png 

Note: For 1M Ahead Employment, the result compares expected employment in the next month compared to the current month. 

For Employment sub-index, above 50 indicates more new hires compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates reduction in employee headcount compared to the previous month.

Costs

BSI Sep 2022 App04.png

Note: For 1M Ahead Costs, the result compares expected costs in the next month compared to the current month.

For Costs sub-index, above 50 indicates an increase in costs and conversely for below 50. Index at 50 indicates costs were more or less the same in the current month compared to previous month.

Sectoral BSI – August 2020 to September 2022

 BSI Sep 2022 App05.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

Sentiment by Business Size

BSI Sep 2022 App06.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates similar / no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.​

  


Brunei Darussalam Central Bank (BDCB) is pleased to invite suitably qualified candidates to apply for the position below.

SURVEY INTERVIEWER (PART-TIME)

GENERAL REQUIREMENTS

Applicants for the position must meet or possess the following requirements:

  • Be a citizen of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam;
  • Have a passion for nation-building;
  • Demonstrate qualities such as integrity and a desire to make a difference;
  • Be strongly team-oriented, and committed to excellence and resilience;
  • Have strong communication and interpersonal skills;
  • Be fluent in oral and written Malay and English; and
  • Be IT literate.

MAIN RESPONSIBILITIES

  • To carry out survey interviews on selected businesses from a range of sectors within Brunei Darussalam on a monthly basis, or when required;
  • To do data entry for the information gathered from the interviews into an electronic format; and
  • To perform other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS

  • Possess at least an Advanced Diploma or equivalent from universities or higher education institutions accredited by Ministry of Education, Brunei Darussalam;
  • Have own transport and a valid driving license (Class 3); and
  • Prior relevant work experience is an added advantage.

Applications are to be submitted via the online BDCB Application Form with the following items:

  1. A detailed CV/resume;
  2. A recent passport-sized photograph;
  3. Copies of IC and driving license; and
  4. Copies of relevant academic certificates and transcripts.

Please note that physical/hardcopy submissions nor submissions via email will NOT be entertained.

Applications should be received by BDCB not later than 12:00 noon on Thursday, 3 November 2022.

 

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED​

  

PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (October 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 95th issuance of BDCB I-Bills.

The total of the sukuk issuance was BND19.5 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
095
20 October 2022
3 November 202214 Days1.7000%

 

With this issuance, BDCB thus far has issued BND2.605 billion worth of short-term BDCB I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the BDCB I-Bills outstanding as at 20th October 2022 stood at BND34.5 million.

Download Successful Issuance of BDCB Islamic Bills 95th Series

  


PRESS RELEASE

BUSINESS SENTIMENT INDEX (BSI)

FOR BRUNEI DARUSSALAM FOR JULY 2022

 

1.       Brunei Darussalam Central Bank (BDCB) today published Brunei Darussalam's Business Sentiment Index (BSI) for the month of July 2022. The index is based on surveys conducted on more than 500 micro, small, medium and large-sized businesses from 11 economic sectors across all districts in Brunei Darussalam. 

2.    The monthly index is designed to measure the level of business confidence/sentiment in the country covering various aspects including current and future business conditions; investments; employment of workers; as well as costs of running the businesses. Therefore, BSI serves as a leading macroeconomic indicator with its forward-looking element. 

3.      The BSI and sub-indices can be interpreted as below:

BSI July 2022 img 01.png

4.      There are 9 sub-indices within the BSI. The Current Business Conditions sub-index, which is the main headline index for the BSI, was 50.4 in July 2022. This indicates that businesses were generally optimistic on expectations of an increase in business activities and sales in July 2022. Several sectors expected to benefit from the demand from Hajj season and Hari Raya Aidiladha, and events and festivities associated with His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam's 76th birthday celebration. In addition, the Oil and Gas Related sector expected to benefit from higher oil prices and an increase in production volumes. Some businesses, on the other hand, foresaw a slowdown of their business activities due to the resurgence of COVID-19 cases, less consumer spending, and several public holidays during the month.

5.      As for August 2022, businesses were generally optimistic as indicated by the index for one month (1M) ahead, which stood at 50.3. This was driven by expectations of an increase in sales and more projects, as well as general improvement in business activities with more foreign workers and shipments of inventories coming in. With the re-opening of land borders commencing on 1 August 2022, some businesses shared concerns that it may reduce sales as more people would travel out while some expressed that it may benefit them instead, with the revival of demand for goods and services from foreign customers.

6.      The Investment sub-index was 50.5 for the current month, 50.0 for one month (1M) ahead, and 50.3 for three months (3M) ahead. This indicates that, in general, businesses expected to increase their investment expenditures in July 2022 with the purchase of new equipment and machinery; expansion of premises; and stocking up of inventory. While the level of investment expenditure is likely to remain the same in August 2022, businesses expected it to pick up again three months from now.

7.      The Employment sub-index was 50.2 for the current month, and 50.2 for 1M ahead whereby businesses generally expected to hire more employees in July 2022 in anticipation of increased projects and business activities, as well as to replace workers who have left their companies. Businesses also expected to continue hiring workers in August 2022 to address the ongoing issue of manpower shortage that has been driven in part by delays in recruiting foreign workers and also challenges in hiring local employees.

8.      The Costs sub-index was 50.3 for the current month and 50.1 for 1M ahead, indicating an expected rise in the costs of running businesses in July and the following month. Amongst the reasons reported include higher costs of raw materials; increase in logistics and transportation costs; more expenditure required on maintenance, training, overtime pay, payroll for new hires; and flight tickets for outgoing foreign employees.

BSI July 2022 img 02.png

9.      In terms of economic sectors, 6 out of 11 sectors recorded optimism in July 2022. Transport and Communications, and Finance and Insurance sectors showed the largest increases in sentiment, as better performance is expected with further relaxation measures. The Oil and Gas Related sector was also expecting an improvement in its performance and profit levels, supported by higher production and high oil prices. On the other hand, the Other Private Services sector showed pessimism in July 2022 as lower productivity is expected due to shortage of workers. Meanwhile, the Manufacturing, Construction, Real Estate and Ownership of Dwellings, and Health and Education sectors reported similar sentiments regarding their business conditions in July 2022 compared to June 2022.

BSI July 2022 img 03.png

10.    In terms of the index by business size, only large-sized businesses reported optimism in July 2022 on expectations of increased sales and profits due to more production and business activities in general. Meanwhile, micro, small and medium-sized businesses expected similar business conditions to the previous month.

BSI July 2022 img 04.png

11.      The time-series charts for the BSI and its sub-indices since August 2020 can be found in ANNEX 1. For more information on BSI, members of the public can refer to the technical notes on the methodology and statistics in BDCB website at www.bdcb.gov.bn and follow updates on the BSI through future press releases and BDCB's Instagram account @centralbank.brunei.

Brunei Darussalam Central Bank

Date:     26 Muharram 1444H / 24 August 2022M 
Ref:        BDCB/COMMS/3

Download Malay version here Download English version here

Download BSI Methodology (Technical Notes)

ANNEX 1

Business Conditions

BSI July 2022 Annex 01.png 

Note: For 1M Ahead Business Conditions, the result compares expected business conditions in the month ahead compared to the current month.

For Business Conditions sub-index, above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

Investments

BSI July 2022 Annex 02.png

Note: For 1M Ahead Investments, the result compares expected investment in the next month compared to the current month while the 3M Ahead Investment, the result compares expected investments 3 months ahead compared to the current month.

For Investments sub-index, above 50 indicates increased investment compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates reduced investment compared to the previous month.

Employment

BSI July 2022 Annex 03.png 

Note: For 1M Ahead Employment, the result compares expected employment in the next month compared to the current month.

For Employment sub-index, above 50 indicates more new hires compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates reduction in employee headcount compared to the previous month.

Costs

BSI July 2022 Annex 04.png

Note: For 1M Ahead Costs, the result compares expected costs in the next month compared to the current month.

For Costs sub-index, above 50 indicates an increase in costs and conversely for below 50. Index at 50 indicates costs were more or less the same in the current month compared to previous month. 

Sectoral BSI – August 2020 to July 2022

BSI July 2022 Annex 05.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month. 

Sentiment by Business Size

BSI July 2022 Annex 06.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (August 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 86th issuance of BDCB I-Bills.

The total of the sukuk issuance was BND22 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
086
18 August 2022
1 September 202214 Days1.2500%

 

With this issuance, BDCB thus far has issued BND2.389 billion worth of short-term BDCB I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the BDCB I-Bills outstanding as at 18th August 2022 stood at BND44 million.

Download Successful Issuance of BDCB Islamic Bills 86th Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (August 2022) - The Brunei Darussalam Central Bank (BDCB), 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 209th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND95 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
209
11 August 2022
11 November 2022
91 Days
1.7500%

 

With this issuance, the Brunei Government has thus far issued over BND15.59 billion worth of 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 August 2022 stood at BND270 million.

Download Successful Issuances of Brunei Darussalam Government Sukuk Al-Ijarah Securities 209th Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (August 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 85th issuance of BDCB I-Bills.

The total of the sukuk issuance was BND22 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
085
11 August 2022
25 August 202214 Days1.2300%

 

With this issuance, BDCB thus far has issued BND2.367 billion worth of short-term BDCB I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the BDCB I-Bills outstanding as at 11th August 2022 stood at BND27 million.

Download Successful Issuance of BDCB Islamic Bills 85th Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCE OF BDCB ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (August 2022) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 84th issuance of BDCB I-Bills.

The total of the sukuk issuance was BND5 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
084
04 August 2022
18 August 202214 Days1.1800%

 

With this issuance, BDCB thus far has issued BND2.34 billion worth of short-term BDCB I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the BDCB I-Bills outstanding as at 4th August 2022 stood at BND40 million.

Download Successful Issuance of BDCB Islamic Bills 84th Series

  


PRESS RELEASE

BUSINESS SENTIMENT INDEX (BSI)

FOR BRUNEI DARUSSALAM FOR JUNE 2022

 

1.       Brunei Darussalam Central Bank (BDCB) today published Brunei Darussalam's Business Sentiment Index (BSI) for the month of June 2022. The index is based on surveys conducted on more than 500 micro, small, medium and large-sized businesses from 11 economic sectors in Brunei Darussalam, across all districts.

2.    The monthly index is designed to measure the level of business confidence/sentiment in the country covering various aspects including current and future business conditions; investments; employment of workers; as well as costs of running the businesses. Therefore, BSI serves as a leading macroeconomic indicator with its forward-looking element.

3.      The BSI and sub-indices can be interpreted as below:

BSI Jun 2022 img 01.png

4.      There are 9 sub-indices within the BSI. The Current Business Conditions sub-index, which is the main headline index for the BSI, was 50.3 in June 2022. This indicates that overall expectations regarding business conditions were optimistic, mostly driven by companies in the Oil and Gas Related sector that foresee better performance amid high global oil prices. Across other sectors, business conditions were expected to improve during the month with increased production, sales, projects and business activities in general. Some businesses observed a slight slowdown compared to the previous month. Looking ahead, most businesses continue to be optimistic as indicated by the index for one month (1M) ahead, which stood at 50.1. This is in anticipation of upcoming festivities and events in July 2022 which is expected to bring in more sales and business activities.

5.      The Investment sub-index was 50.4 for the current month, 50.0 for one month (1M) ahead and 50.6 for three months (3M) ahead. This indicates that, in general, businesses expected to increase their investment expenditures in June 2022, in line with expectations of more business activities and new projects during the month. Businesses have indicated plans to purchase raw materials, company vehicles and equipment as well as to increase inventory. Although businesses have signalled that the level of investment expenditure is likely to remain the same in July, subsequent months may see it picking up again with plans to increase production, purchase equipment and machinery, renovate existing premises and open new branches.

6.      The Employment sub-index was 50.2 for the current month and 50.2 for 1M ahead, indicating that businesses generally expected to hire more employees in June and July 2022 in anticipation of increased activities and also to replace local workers who have resigned and foreign workers who have finished their contracts. Companies expressed the ongoing challenges of securing more foreign workers due to delays in the recruitment processes, the high cost of hiring, and difficulty in finding individuals domestically with the right skillsets. A number of businesses have hired more part-timers to meet the labour shortages.

7.      The Costs sub-index was 50.4 for the current month and 50.3 for 1M ahead. Companies generally expected to face high costs of running their businesses in June and July 2022 compared to May 2022. Businesses have attributed the high overall cost of doing business due to more expensive raw materials; increased logistics and transportation costs; high levels of operating expenses; additional salary for new hires; and additional purchases of flight tickets for outgoing foreign employees.

BSI Jun 2022 img 02.png 

8.      In terms of economic sectors, 8 out of 11 sectors recorded optimism in June 2022. The Transport and Communications sector continued to show the largest increase in sentiment, driven by expectations of increased air travel with the easing of border restrictions. The Oil and Gas Related sector expected an improvement in revenue with high oil prices. Better performance was expected in both the Health and Education sector and Other Private Services sector supported by the relaxation of restrictions, as well as more projects, events and activities during the month. On the other hand, Wholesale and Retail Trade showed pessimism in June 2022 due to expectations of a seasonal slowdown following the long festive period in May this year. Meanwhile, the Agriculture, Forestry, Fisheries and Livestock sector and Real Estate and Ownership of Dwellings sector reported similar sentiments regarding their business conditions in June 2022 compared to May 2022.

BSI Jun 2022 img 03.png

9.      In terms of the index by business size, only large-sized businesses reported optimism in June 2022 on expectations of increased sales and profits due to more production and events in general. Medium-sized businesses, on the other hand, were slightly pessimistic due to fewer projects coupled with slower demand compared to previous month. They also commented on the expectations of rising operating costs that will erode their profit margins. Meanwhile, micro and small-sized businesses expected similar business conditions to last month.

BSI Jun 2022 img 04.png

10.    The time-series charts for the BSI and its sub-indices since August 2020 can be found in ANNEX 1. For more information on BSI, members of the public can refer to the technical notes on the methodology and statistics in BDCB website at www.bdcb.gov.bn and follow updates on the BSI through future press releases and BDCB's Instagram account @centralbank.brunei. 

Brunei Darussalam Central Bank

Date:     27 Zulhijjah 1443H / 27 July 2022M 
Ref:        BDCB/COMMS/3

Download Malay version here Download English version here

Download BSI Methodology (technical notes)


ANNEX 1

Business Conditions

BSI Jun 2022 Annex 1.png

Note: For 1M Ahead Business Conditions, the result compares expected business conditions in the month ahead compared to the current month.

For Business Conditions sub-index, above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

Investments

BSI Jun 2022 Annex 2.png

Note: For 1M Ahead Investments, the result compares expected investment in the next month compared to the current month while the 3M Ahead Investment, the result compares expected investments 3 months ahead compared to the current month.

For Investments sub-index, above 50 indicates increased investment compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates reduced investment compared to the previous month.

Employment

BSI Jun 2022 Annex 3.png 

Note: For 1M Ahead Employment, the result compares expected employment in the next month compared to the current month.

For Employment sub-index, above 50 indicates more new hires compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates reduction in employee headcount compared to the previous month.

Costs

BSI Jun 2022 Annex 4.png

Note: For 1M Ahead Costs, the result compares expected costs in the next month compared to the current month.

For Costs sub-index, above 50 indicates an increase in costs and conversely for below 50. Index at 50 indicates costs were more or less the same in the current month compared to previous month. 

Sectoral BSI – August 2020 to June 2022


BSI Jun 2022 Annex 5.pngNote: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

Sentiment by Business Size

BSI Jun 2022 Annex 6.png

Note: An index above 50 indicates expansion / optimism compared to the previous month. Index at 50 indicates no change compared to the previous month while below 50 indicates contraction / less optimism compared to the previous month.

  



PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (July 2022) - The Brunei Darussalam Central Bank (BDCB), 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 208th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND70 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
208
21 July 2022
20 October 2022
91 Days
1.6875%

 

With this issuance, the Brunei Government has thus far issued over BND15.49 billion worth of Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 21st July 2022 stood at BND275 million.

Download Successful Issuances of Brunei Darussalam Government Sukuk Al-Ijarah Securities 208th Series

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