Teachers Savings and Loan Society (TISA) after announcing a massive 9% interest bonus for its 63,000 plus members this week, said they’re well on track to becoming a commercial bank in six-seven months time. TISA Chief Executive Officer Mr Michael Koisen saaid TISA is a significant financial institution in Papua New Guinea and in the South Pacific, with ambitions to become a bank soon. “The Bank of PNG has granted TISA a Provisional License to become a bank and the Society is now working towards achieving some of the operational requirements before we open up as a bank.” Koisen elaborated…
Author: Kerebi DAVID
Teachers Savings and Loans Society (TISA) has just announced an additional 2% one-off special bonus interest totaling K6.71 million to be paid to its 63, 000 plus members Yumi Accounts today. This was made known at a press conference at the TISA Haus in Port Moresby today. Chairman for TISA Mr Gabriel Tai said this additional bonus interest is to commemorate the 50th Anniversary of TISA’s operation in the country. TISA announced a 7% interest on the 25th May this year for the financial year 2022 for its members, and today Tisa further announced an additional 2% bonus interest, bringing…
With about 2,000,000 acres of virgin rainforest and height of 2,507 metres (8,225ft) above sea level, Mt Bosavi Region is setting out to become the next major carbon credit project in the country and the Pacific Region. Historically Mount Bosavi has been mostly untouched and undisturbed by the outside world for thousands of years because of the steepness of the crater walls and the terrain leading to the mountain. The collapsed cone of the extinct volcano is home to several endemic species of birds, insects, animals and plants. In recent years, the NGO group the Mt Bosavi Sustainable Agriculture Development…
About 28,000 people in Aroma Coast LLG in the Abau District in Central Province have been cut off by flood due to continues heavy down pours. Flood has damaged bridges and culverts, isolating villages between Paramana and Kelerakewa on the Aroma Coast. It is also affecting the roads towards Rigo District along Kore, Mamalo, Mole, Ganimarupu, Kiapara, Alykuni and Karawa villages too. A PMV Operator Mr Uali Makara highlighted that this has badly affected the PMV operations along the Abau and Rigo Districts too. Flood has also blocked off road going towards Rigo District from Laubakalana, the turn from Aroma…
Mt Bosavi Region has not had any established mission or government run high school in their area and for so long students often go to Nipa Kutubu District in the Southern Highlands Province to continue high school education. That’s from Mt Bosavi Sustainable Agriculture Development Inc. Chairman Mr Andrew Awabi. He told PNG HAUSBUNG that the people of Bosavi have urged the government of the day to establish a High School in Bosavi so that children can get an education close to home. “It is the cry of all the parents that their children go to school closer to home…
Sea Eagles and NSW star Tom Trbojevic has been cleared to play in Friday night’s clash against the Dolphins at 4 Pines Park. The Sea Eagles released a statement on Tuesday morning indicating they had undertaken a lengthy process, both internally and externally, into Trbojevic’s health after he was taken from the field late in Origin I at Adelaide Oval. “Our Chief Club Medical Officer, Dr Paul Bloomfield, agreed that Tom had to be removed from the field but at no point was he diagnosed with concussion,” Sea Eagles CEO Tony Mestrov said in a statement. “Furthermore, Tom does not have a…
Carbon trading, once fully operational, will be the next source of income for the Climate Change Development Authority (CCDA) as well as for the country given its potential to generate income. CCDA Managing Director, William Lakain said Carbon Trade is going to be the next biggest commodity for Papua New Guinea (PNG). Currently, there are about 1 or 2 Carbon Project operating in the country and that number is expected to grow in the coming years. Mr. Lakain stated that CCDA will make a submission to the National Executive Council (NEC) to review the Climate Change Management Act and to…
A workshop on phase three of the national rollout of the Department of Implementation & Rural Development’s (DIRD) integrated Digital Reporting Platform was held recently. The two days consultative workshop was facilitated by the Catalpa International, an international Information Technology expert contracted by the Australian Government through the Department of Foreign Affairs & Trade (DFAT). DFAT is responsible for the design and development of the Service Improvement Program (SIP) Management System (MS) and District Information Management Systems (DIMS) platform project. The SIP – MS and DIMS program platform is basically being developed to the DIRD’s specifications (users name) as required…
The Solomon Islands has lifted all its COVID-19 related requirements and travelers to the destination will no longer need to provide proof of COVID-19 vaccination or COVID-19 test. This new measure is effective immediately. However, passengers will still be required to complete a health declaration card which will be made available on-board arriving aircraft or at point of entry into Solomon Islands. Mr Dagnal Dereveke, Tourism Solomons CEO (acting) stated that the announcement by the Ministry of Health & Medical Services (MHMS) would significantly enhance the appeal of the Solomon Islands to those travelers who might have been deterred by…
The meeting between Acting Air Niugini Chief Executive Officer (CEO), Mr Gary Seddon and his executives with the Palau President, Surangel Whipps Jr in Port Moresby, explored more ways in which the airline company can expand its services to Palau and the pacific. The first Air Niugini PNG/Palau flights commenced in February this year, which saw weekly flights operating every Tuesday from Brisbane via Port Moresby and Koror (Palau) and has continued since. Both parties expressed that there are further opportunities to explore, to promote the sector, build interest and steadily grow passenger volumes. They further added that by connecting…