AML ISI is PNG’s first comprehensive Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) compliance software, specifically designed for the PNG market, designed by qualified lawyers from Papua New Guinea and Australia. Margareth Parua, Director of AML ISI Limited and prominent lawyer, highlights the platform’s importance of having our very own Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) compliance software. “Our program simplifies AML/CTF obligations for financial institutions and designated non-financial businesses and professions (DNFBP) such as law firms, accounting firms, trustees and company directors and secretaries. Our software typically takes 8 minutes to complete so DNFBPs will spend less time on compliance…
Author: Kerebi DAVID
A recovery plan is important when focusing on restoration for any community that is affected by any disaster, thus the United Nations Development Program (UNDP) understand this and has taken a bold approach to helping the communities of Mulitaka landslide area in Enga Province. UNDP and the Enga Provincial Government have come together and officially launched the ‘Mulitaka Disaster Recovery Plan’, marking a crucial step towards recovery for communities affected by the devastating landslide that struck Maip Mulitaka Rural LLG on 24th May this year. The comprehensive recovery plan, which UNDP provided critical technical assistance in developing, was unveiled at…
Facing the severe effects of climate change, Papua New Guinea is seeking urgent support for the Pacific, as Prime Minister James Marape stressed the need for increased climate funding to aid smaller island nations, including PNG. In his recent live interview with BBC World News, Marape highlighted how climate change has intensified the challenges for Pacific Island countries, with rising sea levels, extreme weather events, and loss of life. As Marape explained, PNG and other small Pacific nations face disproportionate impacts from a crisis they did not cause, yet they are not receiving sufficient climate finance to cope. “We didn’t…
Every school -related decision matters, particularly when the voices making these decisions sit on a school board and are expected to represent the diversity of their community. Female participation on school boards in Papua New Guinea and globally has historically been limited, but efforts are being made to create a more inclusive, community-focused education system where women’s voices are proving not just valuable, but essential. The Government of Australia, through the Partnerships for Improving Education (PIE) program, has put in place results-based financing grants through an initiative called Achieving Quality Education for All (AQEFA). Thus, all participating schools are required…
The 7 story Southern Highlands Provincial Building has been closed for some time now as it is currently undergoing major renovation. The Provincial headquarter at the Aigiru Centre is taking on a major upgrade for its interior as well as exterior, thus all provincial government functions have ceased for operation in the province. Southern Highlands Provincial Disaster Coordinator Mr Peter Wapenda-Wari has highlighted that since the closure of the Provincial headquarter there was no direction for temporary office from the Administration, thus all offices are not functioning now, however the Human Resource and Treasury Office have been moved to Port…
A joint announcement for the completion of the Angore Project in Hela Province was made today by the Minister for Petroleum, Hon. Jimmy Maladina, and ExxonMobil PNG Limited Chairperson and Managing Director, Ms. Tera Shandro, on behalf of the State and PNG LNG co-venturers, including Kumul Petroleum Holdings Limited (KPHL), Mineral Resource Development Company (MRDC), Santos, and JX Nippon. Part of the original PNG LNG development plan, the PGK 5 billion Angore Project now unlocks a 1 TCF natural gas resource to supplement existing PNG LNG production levels. “This is an exciting development for Papua New Guinea’s LNG industry which,…
Newcomer to the telecommunication market Vodafone PNG, who has been in operation in Papua New Guinea in just over 2 years is happy to announce a total of 25% market share in Telecommunication. Vodafone PNG, Regional CEO Mr. Pradeep Lal emphasised that Vodafone despite many challenges faced, in just a very short time, they were able to put up 800 Vodafone towers in the country. “Vodafone PNG currently secures 4 new locations, that will host about 150 more Vodafone sites.” As a mobile company with a vision, we are quite ready to take mobile penetration to around 80%, it is…
Vodafone Papua New Guinea is proud to announce its inaugural platinum sponsorship of K100,000 for the upcoming Certified Practicing Accountants (CPA) Conference which will be happening on the 21st -22nd of this month November 2024 at the Hilton Hotel, Port Moresby. In 27 years of CPA’s operations, this year is a significant year because for the first time, CPA has secured its first ever platinum partner, Vodafone PNG. This partnership simply highlights Vodafone’s dedication to advancing the profession and fostering innovation within the broader business environment. Vodafone’s involvement as a sponsor extends beyond just financial support, it is also about…
Kumul Petroleum Holdings Limited has just finalized its acquisition of additional equity in the PNG LNG Project from Santos Limited. KPHL managing director Wapu Sonk explains that under their agreement with Santos. KPHL made a part payment of US$352 million earlier this year, with the balance to be paid by December 2024, and KPHL is happy to announce that they have just completed this share acquisition, well before the end of the year. KPHL’s shareholding in the PNG LNG Project has now increased to 19.2%, including the 4.27% Kroton Equity Option shareholding, held for beneficiaries which are impacted provincial governments…
Papua New Guinea Rugby Football League has lost another Kumul, Josiah Tony Abavu, Kumul #244 who passed away on Tuesday 29th October 2024 at the Port Moresby General Hospital at the age of 38 after battling a long illness. Papua New Guinea Rugby Football League (PNGRFL) and the football fraternity are filled with great sadness about the heart wrenching news that Josiah Tony Abavu, Kumul #244, had passed away. Late Josiah also known as “Josty” was born on 21st August in 1986 at the Port Moresby General Hospital to father Tony Abavu from Kagi and Mother Susie Hoveki Abavu from…