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10 March 2016

Bandar Seri Begawan, 10March 2016. In keeping customers well informed on the latest trends in financial markets, Baiduri Bank, in collaboration with their long standing strategic partner, BNP Paribas, organized an economic seminar on emerging markets titled, "Less Than Zero: 2016’s Journey into The Unknown". The event was held earlier today at the Indera Kayangan Ballroom, The Empire Hotel & Country Club.

Mr Pierre Imhof, Chief Executive Officerof Baiduri Bank gave the welcoming remarks. In his speech, he highlightedseveral key economic events that happened in 2015, most notably the falling oil prices, the stock market sell-off in China and the increasing interest rates by the Federal Reserve, among others. He mentioned, "All these factors will, in some way or another, affect the global economy for the year 2016."

The seminar was presented by Mr Richard Iley, Chief Economist for Emerging Markets and Asia ex-Japan and Managing Director for BNP Paribas based in Hong Kong. He publishes regular research notes focusing especially on China, India, Korea and Indonesia and also broader emerging markets and global macro developments. He appears regularly in the media including CNBC and Bloomberg and manages a team of regional and global economists.

Also present at the event were management and staff of Baiduri Bank including Pengiran Azaleen Pengiran Dato Hj Mustapha, Head of Retail Banking and Branch Network in Baiduri Bank, Ak Nor Muhammad Nizam Pg Hj Tengah, Head of Treasury, Baiduri Bank and Peng Eng Soon, Head of Wealth Management, Baiduri Bank.

Baiduri Bank has a range of investment products and services to offer customers who wish to diversify their portfolio including securities trading under their subsidiary Baiduri Capital.To secure an appointment, or for more information, the public can call 2232457 for wealth management services, or 226 8825 for Baiduri Capital services, available during banking hours.

The public can also find out more about Baiduri Bank’s current news and promotions from the Bank’s website at www.baiduri.com, 'Baiduri Deals' mobile app or Call Centre at 244 9666. The public can also follow Baiduri Bank Group on Facebook or @baiduribank on Instagram and Twitter.

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