MORE than 30 students from Kemuda Institute attended the Radio Televisyen Brunei talk show Living with Passion on August 27. The students were accompanied by two lecturers – Ari and Lydia. The host of Living with Passion was Soon Loo and the guest was Sabrina Wong.
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.