BSP Financial Group Limited (BSP) coverage of its electronic banking service has reached over thousands of customers, both old and new, over the last three years linking customers even in rural areas to vital banking services, and the most used is the mobile banking service. The Group Chief Executive Officer (CEO) Mr. Robin Fleming said mobile banking service is top out of the other performing channels of EFTPOS and ATM. “Mobile banking has seen a lot of improvement and increase in transaction activating, especially for top up for power, top up for mobile telcos and transfers to other customers who…
Author: Emmanuel MAIPE
Vodafone PNG is quite a new mobile service provider in the Papua New Guinea market, but it is determined to make sure its reach covers the whole of the country. The communication company so far has over 300, 000 customers and its network coverage are live in National Capital District (NCD), Central, Morobe, Eastern Highlands, Western Highlands, Chimbu, Jiwaka, East Sepik and Madang provinces. Vodafone PNG Public Relations and Sponsorship Manager Ms. Charmaine ToRobert, said West Sepik and Milne Bay Provinces will connect soon to the Vodafone network. “We should be live in those areas by the end of the…
Vodafone PNG subscribers nationwide who bank with BSP Financial Group Limited, can now be able to access BSP banking services on their mobile phones. This was made possible today when BSP and Vodafone launched their partnership in mobile banking services using the BSP Mobile Banking USSD (Unstructured Supplementary Service Data) platform. Vodafone PNG Public Relations and Sponsorship Manager Ms. Charmaine ToRobert, said Vodafone customers can now avoid the long queues in the bank and the shops, make it easier to pay for easipay for electricity. “So, we a truly excited about the positive impact this partnership with BSP will have…
The national government’s Special Economic Zones (SEZ) and donor support should be the assistance that is needed to ensure Western province progresses long after Ok Tedi Mining Limited (OTML) closes its operations. OTML Managing Director and Chief Executive Officer (CEO) Mr. Musje Werror, said the SEZ is one such benefit that would see sustainable growth in the province’s economy and improve service and development, as it will attract investments in the long run for the province. “Special Economic Zone, in terms of attracting more investors into the province, its going to be a critical part of government’s input into sustaining…
Local cocoa farmers in the East Sepik province are working towards having downstream processing for cocoa so that they can benefit more from the cocoas they produce. Mupa Cocoa Farming Founder and Director Mr. Sperian Kapia said that is one thing the farmers in Angoram district are doing with the help from partners like the European Union (EU). He said the farmers in the Yuat Local Level Government (LLG) want to establish a working downstream processing so to manufacture a semi- complete product to sell to the markets. “So, we want to produce powder (cocoa powder) in our villages so…
Ok Tedi Mining Limited (OTML) is assisting landowners and the communities in Western province ventured into agriculture businesses so that they can be able to sustain themselves after the Ok Tedi mine eventually closes in 10 years’ time. OTML Managing Director and Chief Executive Officer (CEO) Mr. Musje Wera, said apart from other payments, the company annually pays compensation funds for the use of the land and for certain resources like water, but he said these funds should not be seen as the main source of income for the communities. “I mentioned the compensation that we pay to our communities,…
Key indicators of a country’s progress are vital, especially if one intends to tap into the market of a country and try out in doing business through investments, and one key indicator is the corruption index. Speaking at the 3rd EU- PNG Trade and Investment Conference in Port Moresby this week, the Interim Chairman of ICAC PNG Mr. Thomas Eluh pointed out exactly that. He said that foreign investors are smart when it comes to making investments decisions, they will be looking at a lot of things from economic status of a country to security and law and order, and…
Foreign investors intending to enter a market like here in Papua New Guinea (PNG), would consider a whole lot of things before considering making a final investment decision. Perhaps one of the important things to look at is how the government behaves and its relationship with the private sector. Speaking at the two- day 3rd EU- PNG Trade and Investment Conference in Port Moresby, the President of PNG Europe Business Council Inc. Mr. Michael Sullivan, pointed out that perhaps an important aspect to this, is government debts and how quickly it repays it. “Regrettably, the PNG government has a poor…
Trade and investment measures must respond accordingly to the constant changes taking place in the world in terms of doing business. That was the message put forth by Minister for International Trade and Investment Richard Maru, when officially opening the 3rd EU -PNG Trade and Investment Conference in Port Moresby yesterday. Maru said the trade and investment regime is constantly changing, not only with the onslaught of COVID- 19 pandemic, but also changes in technology. “In line with these changes and with a wide range of ambitious investment enabling reforms, the government has allowed for much greater openness, further liberalization…
The Papua New Guinea Defence Force (PNGDF) has been receiving a lot support from the Australian Defence Force through the defence partnership and this time, it was gifted with new vehicles, and vessels to go towards its logistical support for its troops and achieving its goals in nation building. Commander Defence Force (CDF) Major General Mark Goina said the equipment includes 20 Isuzu troop trucks, five 19-seater buses, three 30- seater buses, 2 coastal riverine supply vessels, two forklifts and one tow- tractor to name a few. “All of these items are vital for us to create a base line…