| James Kon |
IN AN attempt to enhance financial literacy among Bruneians through better understanding on the importance of financial planning, Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim, the Minister at the Prime Minister’s Office and Minister of Finance II, launched the Financial Planning Association of Brunei Darussalam (FPAB).
The launching ceremony was held yesterday at the Ministry of Finance.
The pro tem President of FPAB is Hajah Siti Suhaila binti Dato Paduka Haji Kani and the pro tem Vice-President is Ang Kian Guan. Other pro tem committee members include Hajah Raeidyah binti Haji Bujang as Secretary and Ida Nazrena binti Haji Bujang as Treasurer.
Besides raising awareness on the importance of financial planning, the FPAB will represent financial planners in Brunei Darussalam by providing a common platform for those involved in the field of financial planning to conduct useful dialogues and to establish financial planning as a recognised profession.
Currently, there are around 230 professionals in the country with financial planning certification including those from banks, insurance agencies, capital market services and social security organisations.
Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim, the Minister at the Prime Minister’s Office and Minister of Finance II, during his speech. PHOTOS: AZROL AZMI
Ang Kian Guan in an interview highlighted, “The establishment of the Financial Planning Association of Brunei Darussalam is very important because the public needs to understand the significance of financial planning. We need to educate the public that saving and planning for the future are important.”
The association can also help disseminate initiatives of Autoriti Monetari Brunei Darussalam (AMBD) to the public. To further promote the role of the association, a number of roadshows will be organised to recruit members and organise courses to help future financial planners.
Photos above show Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman in group photos with officials from various financial institutions participating in the showcase
A group photo of the Financial Planning Association of Brunei Darussalam staff during the Financial Planning Showcase
Those interested to be a member of the association can send enquiries through e-mail at askfpab@gmail.com.
One of the highlights of the event was the ‘Financial Planning Showcase’, which aimed to raise awareness on financial planning and the services that are provided by financial institutions in Brunei Darussalam. Each financial institution was given a financial planning theme – Income Protection, Credit Health, Savings for a House, Education Planning and Retirement Planning. Takaful Brunei Keluarga (TBK), the Credit Bureau, Bank Islam Brunei Darussalam (BIBD), Baiduri Bank Berhad and the Employees Trust Fund (TAP) participated in the showcase.
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