Nasfund continues to recognise and reward employers who are continue their commitments towards securing their employees financial stability and future. Last night, this recognition was shown again with the Nasfund 2023 6th Annual Employer Awards hosted at the prestigious APEC Haus in Port Moresby. Nasfund Chief Executive Officer (CEO) Mr. Rajeez Sharma, this Awards goes to recognise those employees that lodge in their employees’ savings in time and ensuring that their employees financial future is secured. “These awards are more than just recognitions, they are a testament of the dedication and responsibility that each of you hold towards securing your…
Author: Emmanuel MAIPE
The Internal Revenue Commission (IRC) of Papua New Guinea (PNG) is stepping up its mission to crack down on tax fraud, including that of the Goods and Services Tax (GST). The IRC Commissioner General, Mr. Sam Koim in a statement revealed that they have observed some fraudulent trends in the GST declarations submitted to the IRC. He said they have discovered some of the deeply troubling patterns and will work towards fully dealing with this very serious matter in breach of the county’s tax laws. “At the outset, it is critical to understand that a tax return, whether signed by…
The 2024 Census has been extended for two more weeks following several challenges that were faced by the Census teams throughout the country that hindered the exercise from being efficiently carried out in its first two weeks. The Minister for Administrative Services, Richard Masere when announcing the extension, said this extension is necessary to address various challenges and ensure a comprehensive and accurate count. “Due to logistical issues, particularly the unavailability of domestic flights caused by fuel shortages affected Air Niugini and other aircraft operators, we experienced delays in the delivery if census materials and the mobilisation of our personnel,…
The Department of Agriculture and Livestock (DAL) and the Papua New Guinea Tourism Promotion Authority (PNGTPA) have teamed up to develop and promote the countries agritourism sector to the world. This was done recently in Port Moresby city on the 27th of June through the signing of a Memorandum of Understanding (MoU) between the two organisations, marking a step towards utilizing the country’s rich agricultural heritage to boost tourism and forge a partnership between two key economic sectors in PNG. Key objectives of this collaborative effort include the development of a National Agritourism Policy, to guide investment and establishing agritourism…
A desperate effort by squatters at the 9 Mile Bush Wara outside Port Moresby to prevent their imminent eviction on three (3) portions of land belonging to Nambawan Super Limited (NSL), was quashed when the Supreme Court threw out their review applications just recently. On Wednesday, 26th June 2024, The Supreme Court dismissed three Supreme Court Review Applications filed by illegal squatters of Portions 2156, 2157 and 2159, and ruled in favour of Nambawan Super Limited (NSL). The Supreme Court applications filed in May 2024, sought leave (permission) to review a previous decision of the National Court in 2020, which…
The Central province Governor, Rufina Peter along with her provincial administration finally submitted their 2021 and 2022 Provincial Support Improvement Program (PSIP) Acquittals today to the Department of Rural Development and Implementation (DIRD) after some delays. The new Acting Provincial Administrator, Mr. Edward Kila said the delays in the submissions of the acquittals, were due to one disaster and the changes within the provincial administration itself. In a written letter presented at the DIRD office in Port Moresby today, he said the building that housed some of the source documents burned down in 2022 destroying some of that, while the…
The National Airport Corporation (NAC) and Nasfund today signed a Memorandum of Understanding (MoU) that will see the two-organisations benefit from the investments that will be made in the airport facilities nationwide. The Minister for Transport and Civil Aviation, Walter Schnaubelt who officiated at the small but significant signing ceremony at his office at 7 Mile, Port Moresby said the agreement will enable Nasfund in the future to invest in infrastructures like shops or facilities that would offer convenience for the travelling public at airports. “Today marks a significant milestone for the National Airport Corporation,” said the minister. “We sign…
Ok Tedi Mining Ltd (OTML) has stepped in assist with the supply of aviation fuel (JETA1) to support the aviation industry, which is currently experiencing fuel issues and flight disruptions due to the inability of Puma Energy to supply fuel. OTML is proud to announce that this assistance is through the establishment of a robust and reliable JETA1 supply chain, crucial to resolving the ongoing fuel crisis in Papua New Guinea (PNG). This decisive action comes in response to Puma Energy’s continued inability to supply the nation due to its alleged Forex issues. OTML has recently concluded agreements with the…
Prime Minister (PM) James Marape has put out a statement refuting what he says are claims made by one of the daily newspapers that the country is facing a cash crisis. In that statement, Marape refuted claims in an article by Post-Courier on Tuesday 25th June 2024, which stated that the government is presently experiencing a cash crisis. He said this is not true and assures the public, business houses, stakeholders and investors that government accounts are being managed prudently by Treasury, and Finance and Planning, with revenue collection pushing 50 percent (50%). PM Marape said, “Every week, there is…
The recent Regional Consultative Workshop and Review of the NYDA Act 2014 was held in Banz, Jiwaka province from 17th June to the 21st of June where the Highlands regional participants were told of the importance of this exercise. The Minister for Community Development and Religion, Jason Peter, who spoke during opening of the recent consultation and review, said the National Government is focused on addressing the youth issues in the country such as unemployment, and looks forward to making important changes so to better deliver that, and that is why such consultations, and the review of the NYDA Act…