NCSL is pleased to launch its new look and improved website today Friday 05, January 2024 at its Head Office in Port Moresby. The website is designed to provide an enhanced and user-friendly experience for its valued members. NCSL understands the importance of staying ahead in providing accessible and convenient financial services and in line with its digital transformation, the new website aims to meet the needs of its members by offering a seamless online platform to explore a range of financial products and services. Some key features of the website include: 1. Enhanced User Interface: The new website has…
Author: Kerebi DAVID
Kumul Petroleum Holdings Limited has finalised all finance arrangements to conclude the purchase of an additional 2.6% equity in the PNG LNG Project. Kumul Petroleum Holdings Managing Director, Mr Sonk, highlighted that the Kumul Petroleum has been able to raise sufficient funds to close the deal for an additional 2.6% interest in the PNG LNG Project in a very tough international finance environment where the interest rates have risen to levels not experienced for a long time and an environment where the appetite for funding of any hydrocarbon project is becoming increasingly scarce. “This capital raising is a major transaction…
With PNG Games just two weeks away, provincial teams and clubs are hard at training preparing for these long-awaited games. Here in Port Moresby, the Enga Port Moresby Based Combat Kickboxing Club is also gearing up in preparations for the PNG Games. President Nelson Walen stated that some of his senior and top fighters will be representing Enga Province in the PNG Games which will be happening next year January 10th -20th 2024. With the Club registering over 13 wins in all the fights this year and being winner of the raising of the Champion Kickboxing Showdown recently in Bomana,…
The 6th Congregation of Toaripi circuit, Papuan Gulf Region had a wonderful Boxing Day celebration on Tuesday with the opening of their new Popo Luluapo United new Church Building. After 24 years of sweat, dedication, and prayer the people of Popo were finally able to see the opening of their new church building. The Official opening and Commissioning of the church building was done by Gulf Governor Sir Chris Haiveta and the ribbon cutting was done by Member for Kerema Open, Thomas Opa and Kerema Town Mayor Mr Sam Koraea. During the opening remarks Governor Sir Chris Haiveta highlighted that…
Climate change poses a serious existential threat to humanity especially for the Pacific Island Countries including Papua New Guinea (PNG), they remain the most vulnerable in the region. In response to this challenge, China and Pacific Island countries in the last two weeks converged in two significant events to address climate challenges in the Pacific under the China-Pacific Island Countries Climate Action Cooperation. These events, the ‘Second China-Pacific Island Countries Workshop on Climate Change’ and a ‘High-level Pacific Island Countries Climate Action Dialogue,’ were held in Liaocheng City, Shandong Province, China where representatives from Pacific Island Countries including PNG participated.…
Moresby North East Holdings, the business arm of Moresby North East District and National Capital District Commission have officially opened a Betelnut Wholesale market at 6-mile recently. The 6-mile market next to the Incubation centre was licensed by NCDC to operate as a wholesale for betelnut sellers from Mekeo and Kairuku to sell their betel-nut produce. The wholesale license was presented to Mr Peter Philip Director of Moresby North East Holdings by Ms Janel Awa, Director for NCD Community and Social Service. During the launching Moresby North East member John Kaupa said it took them 6 months of tireless efforts…
The Governments of Papua New Guinea and the Government of Singapore jointly signed a groundbreaking Implementation Agreement for cooperation under Article 6 of the Paris Agreement on climate change at the margins of COP28 recently. The ceremony was officiated by Minister for Environment, Conservation and Climate Change, Simon Kilepa and Singapore’s Minister for Sustainability and the Environment, Ms. Grace Fu. The joint agreement marks a significant leap forward in international collaboration to address climate challenges. Minister Kilepa expressed his gratitude on behalf of the Government of Papua New Guinea at the signing ceremony, emphasizing the Agreement’s importance in strengthening the…
In a significant address at a high-level ministerial forum at COP28 in Dubai, Vice Minister for Petroleum and Energy, Thomas Opa, expressed Papua New Guinea’s (PNG) steadfast commitment to a just and equitable energy transition for a climate-resilient future. The Vice Minister highlighted that PNG as the largest island state in the Pacific, PNG, with a population of approximately ten million, is proudly asserting its unwavering support for the International Renewable Energy Agency (IRENA) and the Small Island Developing States (SIDS) initiative. He highlighted PNG’s enduring membership with IRENA and emphasized the nation’s conscientious approach to managing its rainforests and…
Minister for Environment, Conservation and Climate Change Simon Kilepa has expressed concerns regarding recent media reports alleging many PNG delegation travelled to Dubai for COP 28, defying the Prime Minister James Marape’s order. He stated that as the Minister responsible for climate change and the head of the delegation to the 28th United Nations Climate Change Conference of Parties (COP28), he feels compelled to address the misleading reports. “First and foremost, it is disheartening to witness a daily newspaper company persistently publishing news without verifying facts from multiple sources.” Minister Kilepa added this hinders the dissemination of accurate information; contributing…
Teachers Savings and Loan Society (TISA) today formally commissioned its new state-of-the-art Data Centre. During the commissioning, TISA’s Group CEO, Michael Koisen said that the Data Centre is a significant milestone for TISA. “This new Date Centre is a world class Tier Two Data Centre which will provide a resilient, robust, and efficient facility for hosting the critical systems to run our business.” Mr Koisen further stated that it is also the first and only fire rated glass panelled wall Data Centre (DC) in PNG, meaning the fire-rated glass walls are fireproof and give a full view of the Centre…