Latest news with #BIBD
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
17-05-2025
- Business
- The Star
Bank in Brunei recognised for sustainability
Deputy Minister (Civil Service Governance) at the Prime Minister's Office Datuk Seri Paduka Mohd Riza Datuk Paduka Mohd Yunos and Chairman of Cambridge International Financial Advisory Professor Humayun Dar in a group photo with Bank Islam Brunei Darussalam Berhad Managing Director and Chief Executive Officer Junaidi Haji Masri; and a panel discussion during Global Good Governance Summit. Photo: BIBD BANDAR SERI BEGAWAN: Bank Islam Brunei Darussalam Berhad (BIBD) has been awarded the Most Sustainable Financial Institution of the Year in Brunei 2023 at the Global Good Governance (3G) Awards, held in conjunction with the Global Good Governance Summit recently. Deputy Minister (Civil Service Governance) at the Prime Minister's Office Datuk Seri Paduka Mohd Riza Datuk Paduka Mohd Yunos and chairman of Cambridge International Financial Advisory (IFA) Professor Humayun Dar presented the award in recognition of BIBD's leadership in embedding sustainability across its operations, community engagements, and national development efforts. According to Cambridge IFA, "This award is a testament to BIBD's unwavering commitment to excellence, sustainability and community development. "Aligned with Brunei Vision 2035, BIBD continues to champion initiatives that foster a dynamic and sustainable economy. "The bank's sustainability framework articulates its long-term vision for environmental stewardship and the achievement of the sustainable development goals (SDGs) and demonstrates a strong focus on strategies that promote environmental responsibility, ethical entrepreneurship and inclusive social impact. "BIBD's principles and vision remain firmly rooted in the well-being of people and society, guided by the Maqasid Syariah – which inherently advocates for sustainability.' Organised by Universiti Islam Sultan Sharif Ali in collaboration with Cambridge IFA, the Global Good Governance Summit convened global thought leaders, institutions, and policymakers under the theme 'Transformative Governance for Health, Environment, and Community Sustainability'. BIBD's participation as one of the event's main sponsors reflects its ongoing commitment to supporting meaningful platforms that promote ethical leadership and drive sustainable development. In addition to receiving the award, BIBD Assistant Head of Government Relations and Special Projects Dayangku Rodzi Pengiran Abdul Rahman played a key role at the summit as the moderator for the panel discussion titled 'Strengthening Institutions for Community Well-being and Sustainability'. The session explored governance strategies and institutional models that can help build more inclusive, resilient communities in the face of evolving global challenges. - Borneo Bulletin/ANN
