Latest news with #AwangMohdAminLiewAbdullah
The Star
28-05-2025
- Business
- The Star
Bank Islam Brunei unveils development project in support of 12th National Development Plan goals
Minister at the Prime Minister's Office and Minister of Finance and Economy II Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah and Minister of Development Datuk Seri Setia Awang Muhammad Juanda Abdul Rashid at the ceremony. - BIBD via BB/ANN BANDAR SERI BEGAWAN: Bank Islam Brunei Darussalam Berhad (BIBD) participated in the official launch ceremony of the 12th National Development Plan (RKN12) at the Ministry of Finance and Economy. Minister at the Prime Minister's Office and Minister of Finance and Economy II Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah was the guest of honour. In support of the national priorities outlined in the 12th National Development Plan, BIBD showcased its BIBD Connects Temburong initiative, an infrastructure project that exemplifies the bank's commitment to equitable growth and community development across all districts. Launched in October 2024 and expected to be completed by mid-2025, the BIBD Connects Temburong facility will serve as a central hub offering banking services, business spaces for micro, small and medium enterprises (MSMEs) and a communal venue for local events. Designed with sustainability in mind, the multi-storey building will incorporate green technologies such as solar-powered lighting and rainwater harvesting – supporting both environmental protection and economic activity in the district. BIBD Assistant Managing Director 1 Mohammad Yusri Wahsalfelah said, 'BIBD Connects Temburong reflects our belief that national development must be inclusive, sustainable and people-focused. This project goes beyond infrastructure, creating opportunities for local businesses and communities to grow together. 'As we support the 12th National Development Plan, we are proud to contribute meaningfully towards Brunei Vision 2035 by building resilient eco-systems in every district.' As an Islamic financial institution that is Bruneian at Heart, BIBD's commitment to national development goes beyond the provision of financial services. BIBD continues to play an active role in strengthening communities and empowering individuals through initiatives such as the BIBD SEED programme for entrepreneurship, BIBD ALAF for education access, and extensive community outreach efforts that promote financial literacy, sustainability, and social inclusion. These efforts reflect BIBD's role as a Partner in Progress, working hand-in-hand with government, businesses, and communities to support Brunei's long-term socio-economic aspirations. BIBD remains the only financial institution in Brunei with a full-fledged branch in Temburong District, underscoring its dedication to serving all segments of the community. BIBD's participation in the launch of RKN12 reaffirms its strategic role in advancing Brunei Vision 2035, particularly in promoting sustainable economic diversification and inclusive national progress. - Borneo Bulletin/ANN
The Star
10-05-2025
- Business
- The Star
Brunei urges regional economic unity
Dr Awang Mohd Amin Liew Abdullah with Asian Deveopment Bank ADB President Masato Kanda. - Asian Development Bank BANDAR SERI BEGAWAN: Brunei Darussalam underscored the importance of unity, cooperation, and a shared commitment to inclusive growth as guiding principles for navigating challenging times, alongside the need to enhance resilience and stability amidst an increasingly uncertain global economy. These views were shared by Minister at the Prime Minister's Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Mohd Amin Liew Abdullah during the 28th Asean+3 Finance Ministers' and Central Bank Governors' Meeting (AFMGM+3) in Milan, Italy recently. The minister also emphasised the importance for Asean+3 member states to continue building strong partnerships with international financial institutions (IFI) and leverage on their expertise and assistance. The meeting was co-chaired by Malaysia's Minister of Finance II Datuk Seri Amir Hamzah Azizan and Governor of Bank Negara Malaysia Dato' Seri Abdul Rasheed Ghaffour as well as China's Minister of Finance Lan Fo'an and Governor of the People's Bank of China Pan Gongsheng. Managing director of the Brunei Darussalam Central Bank (BDCB) Rashidah Sabtu was also present. The meeting discussed key economic developments. Presentations were delivered by IFIs: the Asian Development Bank (ADB), the International Monetary Fund (IMF) and the Asean+3 Macroeconomic Research Office (AMRO). Asean finance ministers and central bank governors also discussed policy responses to global risks and challenges and ways to further strengthen strategic regional financial cooperation such as through the Strategic Directions of the Asean+3 Finance Process, and through initiatives such as the Chiang Mai Initiative Multilateralisation (CMIM), Asian Bond Markets Initiative (ABMI) and the Asean+3 Future Initiatives. The AFMGM+3 Meeting is held annually and brings together finance ministers and central bank governors from Asean+3 member countries to discuss global and regional financial and economic developments and efforts to boost regional cooperation and collaboration. Meanwhile, Acting Permanent Secretary (Fiscal I) at the Ministry of Finance and Economy (MoFE) Asrul Adrain Ahmad and Deputy Managing Director (Monetary Operations, Development and International) at the BDCB Mardini Eddie, were also present during the meeting. Dato Seri Setia Dr Awang Mohd Amin Liew also attended the 58th Asian Development Bank (ADB) Board of Governors' annual meeting in Milan, Italy. During the business session of the ADB Board of Governors on May 5, Dato Seri Setia Dr Awang Mohd Amin Liew stressed the importance of multilateral cooperation in addressing global challenges and highlighted key priorities of Brunei including on reducing its carbon footprint through renewable energy investments and energy mix diversification and building resilient agricultural systems to enhance food security. Brunei also welcomed opportunities to work with the ADB on digital transformation and workforce development. Dato Seri Setia Dr Awang Mohd Amin Liew and ADB President Masato Kanda met at the sidelines of the 58th ADB Annual Board of Governors' meeting, where discussions focused on Brunei's economic outlook and its continued efforts to diversify its economy amid ongoing challenges. Both sides also welcomed greater collaboration between Brunei and the ADB through exchanges of knowledge, best practices and expertise and strengthened engagements through regional platforms such as Asean and BIMP-EAGA. Under the theme 'Sharing Experience, Building Tomorrow' key discussions at the 58th ADB Annual Board of Governors' meeting focused on ways the ADB and its members, together with other Multilateral Development Banks (MDBs) can collaborate to tackle global challenges through digital transformation, climate-resilient energy transitions and sustainable food systems. Prior to the 58th ADB Annual Board of Governors' meeting, Haji Asrul Adrian chaired the 2025 Constituency Senior Officials' meeting – comprising Brunei, Malaysia, Nepal, Singapore, Thailand and Turkiye) – which discussed the status of the ADB and its constituency operations including financing status, technical assistance projects and other initiatives, and ensure they are in line with ADB objectives. The ADB is a leading multilateral development bank supporting sustainable, inclusive and resilient growth across the Asia-Pacific. It harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure. Founded in 1966, ADB has 69 members including Brunei and is headquartered in Manila, the Philippines. The 58th ADB annual meeting was also attended by senior officials from the MoFE of Brunei. – Borneo Bulletin/ANN
