The BSP Financial Group Limited (BSP) and the Department of Finance have teamed up ensure the smooth flow of government payments through a Memorandum of Understanding (MoU) signed on Thursday 4th September, as the country prepares to mark its 50th years of independence very soon. BSP, in partnership with the Department of Finance has implemented an automated Electronic Funds Transfer (EFT) service that will transform government payments in line with the Papua New Guinea (PNG) National Government strategy to achieve a digital cheque-less economy. BSP Chief Operating Officer, Nuni Kulu said, “EFT payments benefit all segments involved in transactions with…
Author: Emmanuel MAIPE
The Governor General of Papua New Guinea (PNG) was at the shore front this morning in Port Moresby city for the ceremonial Naval Review of the fleet that has come to the country to assist and participate in the 50th Independence Anniversary celebrations. Standing at the balcony at the APEC Haus, flanked by the Commander Defence Force (CDF) Rear Admiral Philip Polewara, Grand Chief Sir Bob Dadae reviewed eight (8) ships that past by close to the shores are Ela Beach, each accorded with a gun salute provide by the Australian and PNG artillery teams. The Purpose of the Fleet…
The 2nd Special Economic Zone (SEZ) Summit ended this afternoon in Port Moresby city, closing off three (3) days of dialogues where much was talked about in terms of boosting investor confidence, but perhaps what transpired from this, is the need to fully secure investors. This was highlighted by the Mining Minister Rainbo Paita who was guest speaker at the closing at the APEC Haus. He said a lot can be talked about on the potentials that Papua New Guinea has in terms of resources available for investment opportunities; however, what is all that without securing investors to actually come…
The 2nd Special Economic Zone (SEZ) Summit is currently underway in Port Moresby city, where much was presented and dialogues held between delegates after receiving assurance from the Prime Minister, of Papua New Guinea (PNG) being an investor friendly country. Prime Minister James Marape spoke at the opening of the Summit, stating that investors will receive VIP treatment should they choose to do business in any of the eight (8 SEZ projects coming in the country. “I want to give you full assurance that any and every incentive that is out there, we will make sure we give to those…
The inaugural Pacific Islands Regimental Black-Tie Dinner was held last night in Port Moresby city where an important point about the wellbeing of service men and women was made by the guest of honour, the Governor General of Papua New Guinea (PNG). Reflecting on the nature of the duties and responsibilities of the personnel in the military, Governor General Grand Chief Sir Bob Dadae said Papua New Guinea’s fine service men and women are able and willing to make sacrifices for the good of the country and to protect it from all forms of enemies from within and from outside,…
The Papua New Guinea Defence (PNGDF) National Unity Walk under Exercise “Antap Lon Ol”, which commenced back in July in the East Sepik province to commemorate the country’s 50th Independence Anniversary, has ended today at the Taurama Barracks in Port Moresby city. The defence force team comprising of more than 30 men from the First Royal Pacific Islands Regiment (1RPIR) marched into the main gate of the barracks this morning, welcomed by families of the service men and women. The team was in possession of the Independence Message passed down from the first team from the Second Royal Pacific Islands…
The Nambawan Super Limited (NSL) branch in Madang has relocated to a new place to give its members and employers a more conducive environment to do business. The NSL branch has relocated to the Ground Floor of the Fenske Aben Building at Modilon Road. The Branch is now open for business, welcoming Members and Employers to enjoy more space, modern facilities, and a comfortable environment. NSL Chief Executive Officer (CEO), Mr. Paul Sayer said the relocation is part of improving their services. “This relocation is part of NSL’s larger Branch Relocation and Expansion Project that aims to bring services closer…
Landowners in Simberi in the New Ireland province are a step closer to realizing the benefits from the mine project on their land with the Community Development Agreement (CDA) now ready to be signed. The Simberi Mining Area Landowner Association (SMAA) is poised to sign the long-delayed Community Development Agreement (CDA) tomorrow, Friday August 29th in Port Moresby city, in order to unlock the long-promised benefits and services. Originally approved by the National Executive Council (NEC) in 2013 under the then Prime Minister Peter O’Neill’s Government, the CDA could not be signed due to issues. Now, more than a decade…
The Enga Provincial Health Authority (EPH) has paid its tax and becomes the first government entity in the Highlands Region to do so. The PHA is the first government entity in the Highlands Region to lodge its Section 65A Goods and Services Tax (GST) withholding payments, totaling K53,049.04 to the Internal Revenue Commission (IRC). This was done under the leadership of PHA Chief Executive Officer (CEO), Mr. Vincent Pyakalyia and his Deputy Director Finance & Admin, Mr. Bernard Philipae. During the S65A awareness session held at the Malyam Hotel Conference Room, the IRC team covered key topics with the EPH…
A Chinese delegation comprising of thirty (30) people is expected to arrive in Papua New Guinea (PNG) tomorrow on a specific mission to explore more potential investment opportunities in the country. The Chinese delegation will be here in country to attend the three- day 2nd PNG Special Economic Zone (SEZ) Summit 2025 in Port Moresby city, where much will be talked about in terms of business investments in the upcoming SEZ projects in the country. The group is the first international delegation to arrive for the Summit this year. They arrive tomorrow from Hong Kong. “The 30 Chinese delegates led…