Twenty Government Servants Bankrupt Yearly Says Top Official

Bandar Seri Begawan – On average, for the last three years about twenty public servants were declared bankrupt each year.

In accordance with the code of conduct stipulated in the General Order, disciplinary action would be taken against these officers on top of their liability to banks.

Pengiran Dato Haji Abdul Hamid, the Permanent Secretary at the Prime Minister's Office,  said this when he officially declared open the new Baiduri Bank Branch at The Mall in Gadong yesterday.

The new branch is open for business seven days a week from 9am to 10pm.

It is based on an innovative banking concept that caters to the busy lifestyle of modern Bruneians

Meanwhile, a Brudirect.com survey revealed that high living, careless spending resulting in over commitment to banks, were some of the main causes why public servants went bankrupt.

Some built too many houses during boom time and at the end found it too difficult to maintain as rents went down.

Others indulged in businesses and lost money forcing them into bankruptcy. -- Courtesy of Radio Television Brunei

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