CLUSTER 4 beat Cluster 1 with a score of 1-0 to emerge football champion of the 8th Japtim Sports Festival at the Sekolah Menengah Pengiran Isteri Anak Saleha Sports Complex on Wednesday. The winning goal was scored by Mazali Mashadi in the 86th minute. The guest-of-honour, Awang Julaihi bin Mohamad from the Ministry of Education gave away the prizes to the winners. Photo shows champion Cluster 4.
READERS often see the names of Bruneians published in the bankruptcy column of the local newspapers as they are taken to court for failing to settle debts such the instalments for car and bank loans.
It is sad to see this growing trend nowadays despite the government’s efforts to nurture the culture of savings and encourage moderate spending as well as the introduction of Total Debt Servicing Ratio (TDSR) to curb excessive debt among the locals.
We also see that more people are living beyond their means, buying the latest gadgets such as mobile phones or cars through monthly instalments offered by shops and banks that actually add to the debt of those who are already living on a tight budget.