The recent launching and introduction of the new Nissan Navara PRO 4X vehicle to Papua New Guinea (PNG) by Boroko Motors and the parent company – WR Carpenters also saw a new deal for vehicle loans announced by BSP Finance to cater for customers wanting to purchase the vehicle. BSP Finance Head of Lending Mr. David Managa announced the new deal saying that this should make things a bit easier for customers interested in owning one for themselves. BSP Financial Group and WR Carpenters have a very long relationship history on PNG and also in the pacific and for BSP…
Author: Emmanuel MAIPE
The people of Papua New Guinea (PNG) can expect more electricity projects to power homes and business through donor partners like the New Zealand (NZ) government continuing its support for electricity projects in the country. NZ’s High Commissioner to PNG, His Excellency Philip Taula, said with this great partnership NZ will continue to closely work with PNG to promote better electricity service and try connecting 70% of the country by 2030, under the PNG Electricity Partnership (PEP) with countries like Japan, Australia and the United States as announced during the 2018 APEC Summit held in the country. High Commissioner Taula,…
In preparation for the inaugural Australian Football League (AFL) Easter Cup challenge, the Port Moresby AFL Association will be holding trial matches starting this Saturday 2nd April. According to the association President Mr. Douglas Lai, the trials will get the players and clubs fine- tune themselves for the challenge up ahead next month. “The trials will be for both women’s and men’s teams and eight regional teams will also be confirmed at the trials for the Easter Cup Challenge,” said the president. This inaugural Easter Cup Challenge is sponsored by MoniPlus and will be named the MoniPlus Easter Cup Challenge.…
The effort to reach 70% connectivity of homes to electricity in Papua New Guinea (PNG) will need the support of national, provincial and district government authorities to ensure that electricity projects sponsored by donors, are being delivered to the people. That was the message put forth by the PNG Power Limited (PPL) Acting General Manager Sustainable Business Development and Government Relations Mr. Mairawesi Pulayasi, when speaking to the people at the Commissioning of the Hula electrification project today in Rigo in the Central Province. Mr. Pulayasi said PNG Power continues to work with donor partners like the New Zealand Government…
Although the intention of the government to ease the impacts of inflation on the people through these tough times may be reasonable through the temporary suspension of the Goods and Services Tax (GST), it could result in prices going further up for consumers going forward. This was the warning from the Papua New Guinea (PNG) Institute of National Affairs (INA) Director Mr. Paul Barker when commenting on the recent move by state to suspend for six months the 10% GST on goods and services as a means of combat the current inflationary impacts brought about by the pandemic and partly…
Nambawan Super Savings and Loans Society (NSLS) Limited is said to be the fastest growing savings and loans society in the country with a notable membership coming from the education department and medical fraternity. According to the NSLS Chief Executive Officer (CEO) Mr. John Solok, the teachers make up about 35% which is around 10, 000 memberships and this makes up a third of the total membership base. “In recent years we have seen a strong in-flow from the education department having a lot of teachers joining us and we would like to see that continue,” said Mr. Solok. Mr…
Members of Nambawan Super Savings and Loans Society (NSLS), now can find ease in saving to buy a new home or saving for future education costs, through two new products launched just recently. NSLS Chief Executive Officer (CEO) Mr. John Solok said these two new products are the Housing Saver and Tertiary Education Saver, which are aimed at better assisting members with housing and education needs of their children in the future. The Housing Saver is a special purpose savings account designed to encourage members to save to cater for their minimum bank financing equity requirement or in case where…
The focus in these tough economic times currently experienced in the country brought about by the recent world events, should be to encourage agriculture and supporting the local fresh produce farmers in the rural areas. That is the word from the Papua New Guinea Institute of National Affairs (PNG INA) Director Mr. Paul Barker when highlighting the importance of trying to mitigate the impact of the high-cost goods on the population. Mr. Barker said people living in the main urban centers that depend on imported store goods are feeling the pinch of this. This includes people in the informal economy,…
The effects from the pandemic and the recent War in Ukraine will have a dual effect on the small countries like Papua New Guinea (PNG) that both produce raw materials and import goods as well. That’s according to the Director of the PNG Institute of National Affairs (INA) Paul Barker when commenting on the recent price increase in the country and the impacts of the war and the pandemic on the world market. Barker explained that the impact on the world market comes from the two countries in conflict because both are also major producers and exporters of commodities like…
The Papua New Guinea Defence Force is gearing up for the 2022 National General Election coming up in a couple of weeks’ time and is putting the final touches to the preparation of the personnel that will be deployed to support police provide security. Defence Minister, Win Bakri Daki, was at the 1st Battalion headquarters at Taurama Barracks in Port Moresby this morning to witness the men and women going through the national election pre- deployment trainings in the different scenarios of what could happen during the polling and counting periods. After witnessing the trainings, a satisfied Minister Daki says…