Brunei Renames Monetary Authority Central Bank

Autoriti Monetari Brunei Darussalam (AMBD), the country’s de facto central bank, has been officially renamed Brunei Darussalam Central Bank (BDCB).

According to the national broadcaster, Radio Television Brunei, yesterday, Brunei’s Sultan, Haji Hassanal Bolkiah, decided to change the name of AMBD to BDCB. Following the name change, BDCB will continue to perform the same functions as AMBD, and will stay at the current premise, the Ministry of Finance and Economy’s building.

By command of the Sultan, the Brunei Darussalam Central Bank Act 2021, will be enforced beginning yesterday, in place of the previous Brunei Darussalam Monetary Authority Act.

The Sultan also appointed members of the BDCB board of directors, which will be led by Haji Ahmaddin, Deputy Minister of Finance and Economy.

Acting as central bank, AMBD began its operations on Jan 1, 2011. It has been formulating and implementing monetary policies and taking on other roles, including supervising financial institutions and currency management.

 

Source: NAM NEWS NETWORK

‘Social Responsibility and Attention in Preventing Drug Trafficking’

 

​Drug trafficking should not be rampant as it will have a detrimental effect towards the society and the country. Apart from that, it can also lead to rising crime rate as well as social ills that can affect the society and country’s harmony. This was among the matters underlined in yesterday’s Friday Sermon titled ‘Social Responsibility and Attention in Preventing Drug Trafficking’. The sermon also highlighted that Islam stresses great importance on harmony and well-being of family life, society and the nation. The Narcotics Control Bureau, NCB is among the government agencies that is entrusted with the responsibility to tackle as well as prevent drug trafficking and abuse in the country.

 

NCB is responsible for enforcing laws pertaining to drugs in the country, and its efforts to enforce such laws will be more effective and successful if the bureau receives support from the community. This is because drug abuse is a part of social ills that can threaten the country’s future. Hence, it is important for the community to work together to assist the NCB in eradicating drug syndicates in the country. Members of the community must always be united and attentive to what is happening around us, and raise awareness as well as understanding on the dangers of drug abuse and trafficking.

 

 

Source: Radio Television Brunei

Appeal Case by Two Former Judicial Officers

Following an appeal by two former judicial officers, the appeal lodged by the Public Prosecutor and the Defendants, Ramzidah binti Pehin Datu Kesuma Diraja Retired Colonel Haji Abdul Rahman, the first defendant, and Haji Nabil Daraina bin Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Haji Awang Badaruddin, the second defendant was heard in the Court of Appeal yesterday.

 

In the appeal, the First Defendant is appealing against her convictions for criminal breach of trust and money laundering offences. Meanwhile, the Second Defendant is also appealing against his convictions for money laundering offence and seeking for his sentence of 5 years imprisonment to be reduced. They appeared before The Honourable President of the Court of Appeals Michael Peter Burrel, Judicial Commissioner Justice Conrad Seagroatt and Michael Victor Lunn. Simon Farrell QC, who represented both the Defendants, appeared by teleconference from the United Kingdom assisted by Sheikh Noordin bin Sheikh Mohammad. Dato Seri Setia Davinder Singh S.C led the Prosecution team and appeared by teleconference from Singapore. The appeal will continue at 9:30 in the morning, 16th June.

 

 

Source: Radio Television Brunei

Launching of Care for Palestine Initiative Official Logo

In together upholding the aspiration of the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam to generate funds for the recently launched Palestinian Humanitarian Fund 2021, the Brunei Darussalam Red Crescent Association has introduced the ‘E-Sadaqah Untuk Mu Saudaraku di Palestin’ project. The launching ceremony for the official logo of CARE for PALESTINE initiative was held during the association’s Hari Raya Aidil Fitri Celebration with frontliners. It was held at the National Headquarters building, Bunut Post office.

 

The launch was officiated by Haji Mohd Yusri bin Haji Wahsalfelah, Honorary Member of Brunei Darussalam Red Crescent Association. The project will be using an online platform developed by a local bank that allows the public to donate through QR Code scan. The Brunei Darussalam Red Crescent Association in collaboration with a number of international organisations will provide medical assistance and medical equipment to the Palestinian Red Crescent Society through a fundraising initiative from the 15th of June to the 20th of August 2021.

 

Source: Radio Television Brunei