The Nasfund Contributors Savings and Loans Society Limited (NCSL) has started processing members’ fund transfers to BSP accounts, but it’s being done manually. This was confirmed by NCSL Chief Executive Officer (CEO) Mr. Vari Lahui this afternoon. “All our payments have now been processes but it’s a manual process because BSP still has some issues with its system.” The CEO said the outstanding payments to customers totaling K4.6million for one week, is now being processes for the NCSL members who are BSP account holders. Just last week, NCSL was unable to process their members’ withdrawals or loan drawdowns to BSP…
Author: Emmanuel MAIPE
After two years in the Port Moresby Australian Football League (AFL) competition, the Daltron Alavana Swans club from Hula is looking to expend its participation in the competition, but it will need the support of the folks back home. The club’s new coach, Mr. Pepe Kila said that the club needs the support of the youths in the village in order to be successful. “I want all the young people in Hula and Kalo villages to come support us in the club play in the league,” he said. “I just want the young guys hanging around and doing nothing to…
Ok Tedi Mining Limited (OTML) now has a new boss after the mining company’s Board made the appointment recently. The Board of OTML appointed Mr Kedi Ilimbit as the company’s Managing Director and Chief Executive Officer (CEO), which comes into effective today Monday 17th April. Chairman of the Board, Mr Jeffrey Innes said that Mr Ilimbit was appointed following an international search campaign and a thorough assessment of candidates. Mr Ilimbit was originally employed by OTML from 1995 to 2004 starting as a graduate mechanical engineer and working in various roles. He left OTML and worked at various mines in…
The Alluvial Mining Sector in Papua New Guinea (PNG) has grown significantly under the Mineral Resources Authority’s (MRA) supervision and care to contribute over K600million per annum in export revenues. MRA Acting Managing Director, Mr. Jerry Garry said the MRA run small scale mining college in Wau in the Morobe province, has trained and certified over 6, 000 artisanal miners since its establishment and he attributed the excellent growth of the sector to the efforts of the training college and its hardworking team. “When you look at the statistics, they are contributing more significantly then some of the established industries…
The BSP Financial Group Limited (BSP) has admitted that the implementation of the new system has seen issues pop up, but customers have been assured that the BSP team will continue to work around the clock to fully address these technical issues faced this week. “BSP would like to thank our customers for their patience and understanding while we address some technical issues that have impacted our service standards,” announced BSP Group CEO Mr. Mark Robinson. “We understand that for some customers, your recent banking experience during the implementation of BSP’s new Banking System has not been as smooth as…
The Mineral Resources Authority (MRA) now has access to mineral data from mining operations in the country in real time to ensure transparency and accuracy in mining operations following the launching of its new Mineral Production Data Repository Hub on Friday 14th April. MRA Acting Managing Director, Mr. Jerry Gerry, said the new system should enable full access to what goes on in the mining sites from the crusher to the plant and the exporting of mineral ores. “This will give us additional capability to monitor what leaves the country, we can ascertain what profits paid for, proper taxes, royalty…
Nasfund Contributors Savings and Loans Society (NCSL) Limited is still unable to process their members’ withdrawals or loan drawdowns to BSP bank accounts at this time, but it continues to work towards fixing this issue. NCSL’s Chief Executive Officer (CEO) Mr. Vari Lahui said they continued to work closely with the BSP Financial Group Limited team to sort this matter out as soon as possible. “We started the payment process, but there are some members (NCSL members) that are being left out of receiving their funds. So, we are working closely with BSP on this.” The CEO explained that NCSL…
The Mineral Resources Authority (MRA) of Papua New Guinea (PNG) will be launching its Mineral Production Data Repository Hub soon to coincide with the Authority’s planned 15th anniversary celebrations. The Mineral Production Data Repository Hub is a new system that will allow the MRA, to have access to mineral data from all operating mines in PNG, in real-time. This means, MRA will have dedicated officers sit in the hub at the Mining Haus in Port Moresby, where they will have copies of the same data in real time, which their counter-parts at mine sites will have access to. The type…
The production of bulb onions locally got a boosting with the support from British American Tobacco (BAT) PNG that would enable better cultivation of the crop. This after BAT PNG and Fresh Produce Development Agency (FPDA) signed an agreement to increase the quality and volume of bulb onions that all local farmers produce, which in turn will increase the revenues for the farmers. BAT PNG General Manager Vadim Makismenko said the signed agreement enables both organizations to work in partnership to achieve this through the supply of solar dryers to farmers in order to improve production and sales of bulb…
The National Fisheries Authority (NFA) is looking forward to working towards full delivery of the long awaited Pacific Maritime Industrial Zone (PMIZ) in Madang through its partnership with the new Ministry of International Trade and Investment. The NFA Managing Director, Mr. Justin Ilakini said it’s been 15 years now and still nothing much has been done to fully establish the PMIZ project, which would lead to good trade and commerce and job creation for many Papua New Guineans. “We look forward to working with the Ministry, the Minister responsible and everyone to see that we can finally deliver this project…