Miri Bankrupts : Second in Sarawak

Submitted by eyeonmiri on Tue, 2014-04-08 14:51. :: Eyes on Miri | Blogosphere | News & Events | Special interests | Statistics

Up till January this year, Malaysian Department of Insolvency (MDI)statistics revealed a total of 255,385 bankruptcy cases throughout the country. 13,872 of these cases are in Sarawak.

Of 13,872, Kuching recorded the most bankruptcies, followed by Miri at 4,167 cases, and Sibu with 2,593 cases. The individuals are declared bankrupt by the MDI after failing to manage their financial commitment such as their car loans, personal loans and housing loans.

These statistics revealed a huge increase in the number of those declared bankrupt since 2007. They also revealed that young people are increasingly being declared bankrupt. The reasons for bankruptcy is due to failing to paying car loans, housing loans & personal loans, in that order.

Most Bankrupts : Miri Top 20


Photo of the Day: White Fish Statue

Submitted by eyeonmiri on Tue, 2014-02-18 16:06. :: Eyes on Miri | Blogosphere | Photography | Tourism

Can anyone guess the location this statue is located?

7th December 2013 : Miri Christmas Parade

Submitted by eyeonmiri on Sun, 2013-12-01 11:31. :: Eyes on Miri | Blogosphere | News & Events | Special interests

Ready for the 2013 Miri City Christmas Parade on 7th of this month (December)?

About 25,000 people from 15 local churches will be expected to participate the in this event, or about 5,000 more than last year's.

In its sixth year (since 2007) is organised by Miri City Council (MCC) collaborating with various local churches.

The parade will start from Miri City Fan at Jalan Kipas and will cover the main streets in the city centre and back to Miri City Fan. It also means that roads will be blocked for the event.

There will also be performances by local bands and artists.


Most Bankrupts : Miri Top 15 in Malaysia

Submitted by eyeonmiri on Fri, 2013-05-17 09:24. :: Eyes on Miri | Blogosphere | News & Events | Special interests | Statistics

According to the Insolvency Department's figures for the last six years, starting from 2007 to April this year, Miri is ranked 15th for city with the most bankrupts. Neighboring cities Kuching and Sibu are ranked 12th and 18th.

At a recent bankruptcy seminar held in Kuching, it was mentioned that there "were" 13,000 bankrupts in the Sarawak, but it isn't clear on how many of those are within Miri, or whether they are now cleared of bankruptcy as past tense was used to describe the fact.

Financial ruin faced by bankrupts did not mean the end for them. They are not restricted in any way and can still borrow or travel abroad contrary to popular myth, but with a caveat - they need to inform the Insolvency Department so as to be given the chance to find a solution to their problems.


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