The new TISA Bank is ready to open its doors to customers come next week Monday following its official launching last night in Port Moresby city witnessed by staff, dignitaries and the TISA board and management. TISA Bank Chief Executive Officer (CEO) Mr. Sumit Pakharel said the Waigani branch in Port Moresby city will open on Monday 21st October, marking the start of operations for the newest homegrown bank in Papua New Guinea. “After this branch, we will open the Lae, Mt Hagen, Kokopo branches and then the other centers,” he said. TISA has over 85, 000 members and the…
Author: Emmanuel MAIPE
Today in Port Moresby city saw 230 participants, mostly women, graduate with certificates from a new training program provided by the SME Corporation (SMEC). This new training program called “Invest and Grow Money”, which runs for two weeks, aims to equip participants with the right skills and knowledge to start up their small business and then provide funding support for the participants through a soft loan, and later supporting them through further trainings to help their businesses grow. The Acting Manager Capacity Building, Mr. Bill Reuben said that initially the SMEC only provides training to participants from the SME sector…
A team from the Ok Tedi Development Foundation (OTDF) from Western province had the opportunity to learn about cocoa beans processing in a recent visit to the Huon Gulf district of Morobe province. Small holder cocoa farmers from the Huon Gulf District hosted the OTDF Board and Executive members to share ideas for community development by showcasing their cocoa drying facility. The visit saw the Nasuapum Cooperative Center showcase the village’s cocoa drier facility funded by Wafi-Golpu Joint Venture (WGJV). The visit was arranged by Mr. David Masani Community Affairs Manager for WGJV Project. Nasuapum Cocoa Cooperative Chairlady and Apollo…
Over ten business houses in the New Ireland province are now in the glaring eyes of the country’s consumer watchdog for price gouging. That watchdog, the Independent Consumer and Competitions Commission (ICCC), issued a statement on this matter just recently stating that it will prosecute eleven (11) shops in the province for increasing their prices above 10 percent (10%) without prior approval from ICCC. During ICCC’s nationwide price measure exercise carried out in the province recently, it was recorded that 11 shops in Kavieng and Namatanai districts were found to have increased prices of certain goods listed in schedule 1…
Prime Minister (PM) James Marape met with the New Zealand High Commissioner to Papua New Guinea (PNG) on yesterday where he proclaimed that NZ continues to be very consistent partner the country’s development. Prime Minister Marape described New Zealand as “steady and reliable” in its partnership with PNG during his meeting with the New Zealand High Commissioner, H.E Peter Zwart. The bilateral meeting saw the two leaders discuss common issues of mutual interest between the two countries, New Zealand’s involvement in community development projects throughout the country, ongoing technical support to the revitalization of the Papua New Guinea public service,…
Indonesia’s President elect, Prabowo Subianto, while on his first State Visit to Papua New Guinea (PNG) in August, extended his invitation to Prime Minister (PM) James Marape for his inauguration, of which Marape accepted and will attend this weekend. Marape will represent the government and people of PNG at the inauguration of H.E. Prabowo Subianto as the eighth President of the Republic of Indonesia, scheduled for this Sunday, October 20, 2024, at the Senayan Parliament Complex in Jakarta. President-elect Subianto will be inaugurated alongside Vice President elect H.E. Gibran Rakabuming Raka, the son of outgoing President H.E. Joko Widodo. The…
The National Energy Authority (NEA) of Papua New Guinea (PNG) is now able to resolve conflicts or issues brought about by its stakeholders regarding matters relating to the country’s energy and electricity sector, through its newly launched Appeals Panel. The NEA also launched its Appeals Panel Guideline and Board Charter for Good Governance yesterday in Port Moresby city, along with the induction of the panel members, which includes the inaugural Chairman of the NEA Appeals Panel Mr. James Gore, who represents the Certified Practicing Accountants (CPA) of PNG. “The primary purpose of the NEA Appeals Panel is to ensure a…
The Teachers Saving and Loans Society (TISA) Limited has turned a new chapter in its long story, transitioning into the commercial banking sector, and its only fitting that TISA pays tribute to its long serving members who have taken this financial institution to this stage. Well, TISA did just that by recognising over 130 staff with long service awards recently on Friday 11th October 2024. The longest serving staff, Dorothy Bega, clocked in almost 40 years of service, serving in various roles within the organisation. Mrs. Bega, reflected on her journey, and proudly added, that TISA has always served the…
Papua New Guinea (PNG) will participate in the perhaps the biggest world expo in Osaka Japan next year, and the word is, there will be an extra space apart from the allocated Pacific Pavilion, for the PNG team to better showcase the country to the rest of the world. The Minister for International Trade and Investment, Richard Maru confirmed this in a press conference this morning in Port Moresby city, when stating that PNG will not only have a pavilion at a shared pavilion at the World Expo in Osaka, because the National Government has made a very important decision…
Over 300 Kids from the South Bridges International School in Port Moresby city launched and celebrate Global Handwashing Day with the Colgate- Palmolive (PNG) Limited team this morning along with the rest of the schools in the country. The school’s Principal, Mr. Noel Bolvar, reminded his students that having clean hands play an important role in personal hygiene and as such, washing hands after using the toilet, coughing or sneezing, before touching or preparing food, and after touching animals, is important. He thanked Colgate- Palmolive for the initiative and for coming out to the school for this significant day. “We…