The much-anticipated inaugural Central Province Investment Conference (CPIC) has now been moved to next year instead of next week as initially scheduled. This was announced by President and interim Chief Executive Officer (CEO) of the Central Chamber of Commence and Industry (CCCI), Linda Paru, stating that deferral will also give enough time for the organising committee to finalise things. The investment conference was originally set for November 27- 28, but now it has been rescheduled to February 27- 28, 2025. Central Governor, Rufina Peter also made a statement on the deferral saying that the upcoming parliament session was the reason…
Author: Emmanuel MAIPE
Investors looking for information on the various key regulatory policies on doing business in Papua New Guinea will have access to all of that in the upcoming 2024 PNG Investment Week in Sydney, Australia next month. Such information is critical for making informed business decisions, especially if one is choosing to invest in PNG, and with this in mind, PNG’s flagship investment promotion event, the 2024 PNG Investment Week has opted to commence its proceedings with a Regulators Forum first before moving on to other things. To take place on Day 1 of PNG Investment Week – Sunday December 8th,…
The much-anticipated full investigation into the East New Britain Palm Oil Limited (ENBPOL) dealings and alleged price fixing is finally set commence next week in Kokopo city, East New Britain (ENB) province. The Minister for International Trade and Investment, Richard Maru, announced this following the arrival of the Chairman, Mr. David Mather to Papua New Guinea from London on Tuesday, who will lead the investigation team. He will be in the beautiful city of Kokopo next week for the investigation to commence from November 24th to 30th, 2024. They will be meeting with the oil palm farmers, the provincial government…
BSP Financial Group Limited has successfully opened its new Telefomin Branch, offering customers better access to all banking services, including ATM services after almost 40 years of limited banking options. BSP Telefomin Branch opened yesterday, Monday 18th November 2024. Housed in the Telefomin District Administration office complex, this new facility will offer full banking services to customers – giving them opportunity to open accounts, over the counter cash transactions, access to lending as well as other products. To support the community after hours, ATMs are available for use by customers. BSP Group General Manager Retail, Ronesh Dayal attended the opening…
Captain Beverly Pakii, Air Niugini’s female pilot continues to make history, this time by becoming the first Papua New Guinean to be certified as an Airbus A220 Captain. She achieved this milestone after successfully completing her type rating with distinction in Montreal, Canada on Monday 18th November. Captain Pakii is among three Air Niugini pilots who started on the Initial A220 Pilot training in Canada as part of the aircraft’s Entry Into Service (EIS). Air Niugini will welcome its first brand new A220 aircraft in September next year, coinciding with Papua New Guinea’s 50th Independence anniversary celebrations. Captain Pakii is…
Kina Bank is urging its customers to fully utilize its Digital Hubs for convenience in banking after the bank launched a series of them in Port Moresby city just recently. Kina Bank Chief Operating Officer, Mr. Roppe Uyassi, said they opened their third digital hub in Port Moresby at the Rangeview Plaza on Tuesday 12th November. “These hubs are an extension of our branches and although they are cashless, they provide our customers with a convenient means to access almost all the services you would expect from a branch and help our customers to transition into greater usage of digital…
The PNG Mosquitoes (Mozzies) kicked off their campaign in the inaugural 2024 AFL Pacific Cup on a high note after an excellent performance against Fiji Tribe at the Maroochydore Multi Sports Complex on the Sunshine Coast in Queensland, Australia. The PNG boys played extremely well, defeating the Fiji boys with a massive 91- 10 victory in the Open division of the competition yesterday, Monday 18th November. The next match for the Mozzies is expected to take place on Thursday November 21st where they will play against the Nauru Chiefs at 4:30pm in the afternoon. Meantime, the PNG Under- 17 (U17)…
Kina Bank customers can soon expect better services with the bank set to open more of its state-of-the-art Digital Hubs in 2025. Kina Bank Head of Banking Distribution Hylton Levi said this following the recent opening the bank’s fourth Digital Hub in Port Moresby city at the Eliseo Waigani Supermarket on Thursday 14th November 2024. Kina Bank aims to provide convenient banking options to customers through this initiative and more. “These hubs are an extension of our branches and although they are cashless, they provide our customers with a convenient way to access almost all the services you would expect…
The PNG Kurakums have been crowned champions in the inaugural 2024 AFL Pacific Cup after performing extremely well in the Under 17 division. It was a memorable moment and a wonderful achievement for the PNG girls, having won all their matches in the females’ competition and defeating Fiji Junior Vonu in the final match on Sunday with a massive 68 to 9. PNG Kurakums Coach, Dominic Worio said they are bringing home the Pacific Cup. Also, a huge congratulation to Mackelyn Hendingao who was voted the Best & Fairest player in the U17 Youth Female division. The PNG girls’ performance…
Transparency International PNG (TIPNG) has highlighted that the majority of public bodies have failed to submit annual financial statements, as required under the Public Finances (Management) Act 1995 (as amended). Many have failed to provide reports for multiple years. As the nation of Papua New Guinea is almost halfway to the next National General Election, TIPNG is calling on the Members of Parliament and the Department of Finance to support the Auditor General’s Office (AGO) in making a commitment to ensuring public audit reports are submitted and tabled in Parliament, as a measure to improve the accountability of these entities…