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Borneo Bulletin Article

Published on 8th March 2023

During Brunei's Legislative Council session, ministers addressed concerns about land owners using their property as collateral for financing without fully understanding the risks. While emphasizing existing legal protections and dispute resolution mechanisms, they stressed the importance of public financial literacy an...

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During Brunei's Legislative Council session, ministers addressed concerns about land owners using their property as collateral for financing without fully understanding the risks. While emphasizing existing legal protections and dispute resolution mechanisms, they stressed the importance of public financial literacy and carefully reviewing agreements before signing. The government highlighted its role in approving land use as collateral, particularly when tied to home construction, but cautioned against using one's sole property for unsecured financing.

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Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 
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Borneo Bulletin

Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

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