WHAT'S IN THE HEADLINES TODAY

WHAT'S INTERESTING IN THE LOCAL NEWSPAPER HEADLINES


THE BORNEO BULLETIN


FISHING TRIP TURN TRAGIC
Forty-six-year-old local man is feared drowned after his boat was found drifting along Tutong River near Kampong Suran at around Sam yesterday.

It is believed that Md Ali bin Brahim who hails from Kg Bukit Bendera in Tutong may have fallen off his boat when he went on a fishing trip along the river. The police informed the Sunday Bulletin that the father of four is civilian personnel for the Royal Brunei Armed Forces.
According to the Fire & Rescue Services, a distress call was made after a passer-by spotted a boat drifting along the river at 8.11 am.

Personnel from the Tutong Fire & Rescue Station promptly conducted a search and rescue operation with assistance from the Marine Police.
MORE STORY HERE



CAR DOWN PAYMENT; BRUNEIANS HAVE RESERVATIONS
The directive issued by The Ministry of Finance with regard to down payment at the time of purchasing automobiles was greeted with less enthusiasm by local consumers. The directive issued out years ago was previously unknown or simply dismissed by most consumers due to the lack of enforcement by the Ministry.

Three days ago, the Second Minister of Finance emphasised the need for enforcing the directive by finance companies during the launching of Baiduri Finance new branch in Beribi, where he reiterated that creditors of finance companies are required by the Ministry of Finance to pay the minimum deposit as stated for their car purchase.

In response to this, a bank officer who wishes to be known as Hj Abas, said that the enforcement of this law could strike a devastating blow to the one of the most thriving industries in the country. "I fully respect the government's authority and its rules and regulations to better the lives of the citizens. But sometimes, I feel there are restrictions on businesses that need to be
reviewed," he said.

He added that maybe the authorities should look at imposing deposits on luxury vehicles only and leave out the economical ones. Most of the problems are caused by people who purchase expensive luxury vehicles and are not able to pay the instalments.

A car salesman, who also wishes to remain anonymous, also emphasised that it is vital that deposits be introduced only on the luxury models to make sure that only those who can afford them actually purchase them in order to protect the finance companies from the risk.

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