Since its launching as a commercial bank in 2024, the new TISA Bank is quickly expanding its operation across Papua New Guinea, covering and serving its customers in all four regions made possible through its already existing Teachers Savings and Loans Society branches, and today will be the latest to open in Wewak in the East Sepik province. The new TISA Bank branch is located at a much convenient place, which is in the center of town, a change from its old location which was further outside of town where it was literally a warehouse that the Teachers Savings and…
Author: Emmanuel MAIPE
The new TISA Bank branch in Wewak, East Sepik province opened its door to customers this morning much to the excitement of public and its Savings and Loans Society members, most of whom are teachers. Opening the new TISA Bank branch was East Sepik Governor Allan Bird, who expressed great gratitude to TISA management and board for choosing his province for the new branch. Pointing to the increase in agriculture in East Sepik, he said the newly established commercial bank must take the opportunity to gain a foothold in promoting agriculture the province by tapping in the sector through engaging…
After having to endure rocket strikes from Iran, the Papua New Guinea (PNG) citizens along with diplomats who were in Israel have finally returned home safe and sound. The National Government announced the safe return of the group, including diplomatic personnel and pilgrims amidst the escalating conflict between Israel and Iran. PNG’s Ambassador to Israel, His Excellency (H.E.) Henry Mokono, along with his family and Embassy staff, arrived on the 29th and 30th of June respectively. Secretary for the Department of Foreign Affairs, Mr. Elias Wohengu welcomed them home. “Our nation stood united in prayer, not only for the safe…
The Minister for International Trade and Investment, Richard Maru fully endorses a proposed power project in the Southern Highlands province, saying it will support economic development, including the development of Special Economic Zones in the Highlands Region of Papua New Guinea (PNG). Minister Maru endorses the proposed 90MW Kaugel Hydropower Project as a transformational project of highest national priority. The proposed K2.5billion project will take 4 years to construct. “This is a transformational project. We have a very high demand for cheaper, clean, and reliable electricity in our country, not only for our people, but importantly to drive economic growth,”…
The Internal Revenue Commission (IRC) of Papua New Guinea (PNG) is hosting the 45th Commonwealth Association of Tax Administration (CATA) Heads and Technical Meetings next week in Port Moresby city to talk about everything to do with tax. This prestigious international conference will bring together senior tax administrators from 47 Commonwealth nations, representing over 2 billion citizens worldwide. The event marks a significant milestone for Papua New Guinea as it hosts one of the world’s largest gatherings of tax administration professionals. According to the IRC, this high-level meeting brings together tax administration and leaders and technical experts from across Commonwealth…
Prime Minister (PM) James Marape is calling on the people of the Porgera valley in the Enga province to stop the violence and work together to support the operations of New Porgera Limited (NPL), which will in turn benefit them in the long run. Prime Minister Marape made this call after receiving a dummy cheque from the NPL for its corporate tax payment of over K198 million to the State on Wednesday 2nd of July at the APEC Terminal in Port Moresby city, before he departed for his ten (10) days official government overseas trip to the United States and…
Transparency International Papua New Guinea (TIPNG) is calling for the preservation of the independence of the Independent Commission Against Corruption (ICAC) from political influence following the recent internal issue faced by the anti-corruption body. According to TIPNG, keeping the ICAC out of political influence is crucial to restoring public confidence and ensuring it can deliver its mandate. In a media statement released today following reports of administrative issues within the ICAC, TIPNG is calling for the constitutional basis for the ICAC’s functions to investigate, arrest and prosecute corrupt conduct in Papua New Guinea (PNG), to be protected and not fall…
Prime Minister (PM) James Marape is on another overseas trip, this time for ten (10) days to the United States of America (USA) and the United Kingdom (UK), where he will meet with business leaders and later, the King. Before his departure yesterday, the PM held a press conference at the APEC Terminal in Port Moresby city where he informed the media about his trip, stating that the visit is aimed at advancing key national interests in the extractive sector, while reinforcing Papua New Guinea’s global leadership on climate and forest conservation. “This trip has dual significance — to secure…
Customers in Port Moresby city experienced a shortage in the supply of chicken in shops in the past week, but this is now a thing of the past with a shipload of frozen chickens arriving from Lae city on Tuesday. This Minister for Agriculture, John Boito had to clarify this in a media conference today at the Department of Agriculture office in Port Moresby city after a meeting with his team and a team from the National Agriculture and Quarantine Inspection Authority (NAQIA). He stated that the issue was not the production of the poultry product, but the shipment in…
The recent launch of the PNG NRL bid not only creates a pathway for young Papua New Guineas to develop through the sport of rugby league, but it also creates an opportunity for economic growth in general. Australia’s Minister for Pacific Island Affairs and Defense Industry, Pat Conroy, underscored the significant impact in investments coming out of this deal between Papua New Guinea (PNG), the National Rugby League (Australia) and Canberra, once things start rolling by 2028. Speaking at the recent 40th Australia PNG Business Forum & Trade Expo in Port Moresby city, he said thousands of Australians will come…