Nambawan Super wishes to address inaccurate information published recently in the Media that misquoted Mr. Paul Sayer, Chief Executive Officer (CEO) of Nambawan Super Limited (NSL). The article in question titled, ‘Super fund to build houses at 9-Mile’, stated, “So, part of the task is that tomorrow there will be 2000 houses out there.”, attributed to the NSL CEO. Nambawan Super stated that this statement does not reflect what was said during CEO’s speech in a recent event hosted by the Teachers Services Commission. “The accurate statement made by Mr. Sayer was: “So, part of the task isn’t that tomorrow…
Author: Maxine KAMUS
Just when the country is looking forward to celebrating 50 years of Independence, our great nation of Papua New Guinea is hit with the passing of the last man standing, the Right Hon. Sir Julius Sungmen Chan GCL GCMG KBE PC. At the age of 85, the late Sir Julius peacefully passed away today at 12:30pm at his home at Manmantinut, Huris in New Ireland Province. Born on August 29th, 1939, on the Tanga Islands North-East of New Ireland, Sir Julius first became actively involved in politics in the 1960s. He was elected to represent the Namatanai district of New…
Prime Minister James Marape when meeting U.S Ambassador to Papua New Guinea Her Excellency Ann Marie Yastishock on Tuesday to discuss topics to strengthen bilateral relations between PNG and the U.S, also discussed economic development and the importance of increasing U.S investment in PNG. Ambassador Yastishock acknowledged the untapped potential PNG’s economy and committed to working with American businesses to explore investment opportunities. “There is a significant amount of investment potential here, and we aim to encourage U.S companies to explore these opportunities in collaboration with the PNG government,” she said. PM Marape underscored the importance of sustainable economic partnerships,…
The Nasfund Contributors Savings and Loan Society (NCSL) is currently updating its members’ contributions and should be completed by 8th of February. NCSL Chief Executive Officer (CEO) Frans Kootte said that with interest payments for members, like every year, a part of their profit will be shared with their members who mutually own NCSL. Mr. Kootte stated that the level of this extra interest which they will pay to the savings accounts will be announced after the presentation of the annual report, which is usually in the month of March. He added that this will be made known to the…
Prime Minister (PM) James Marape on Tuesday 28, January 2025 met with U.S Ambassador to Papua New Guinea Her Excellency Ann Marie Yastishock to strengthen bilateral relations. The meeting was for a comprehensive discussion aimed at reinforcing the growing partnership between Papua New Guinea and the United States. The meeting highlighted critical areas of cooperation, including security, environmental policy, economic growth and regional stability. PM Marape and Ambassador Yastishock reaffirmed their mutual commitment to strengthening diplomatic ties as both countries prepare to celebrate 50 years of bilateral relations this year. The Prime Minister remarked, “The United States has been a…
BSP Financial Group Limited has announced its new executive appointments that are expected to be effective in the first quarter of 2025, subject to regulatory approval. Mr. Ben Wavell-Smith has been appointed Group Chief Risk Officer (he succeeds Mr. Mike Hallinan who retires after a long career with BSP), Mr. Jonathan Harvey has been appointed Group Executive, People & Culture, Mr. Peter Komon has been appointed Head of Retail Branch Operations and Ms. Esther Usurup-Harou has been appointed to the newly created role of Head of People and Culture PNG. BSP Group Chief Executive Officer Mark T. Robinson said “Ben,…
The Abau District Development Authority (DDA) has presented K1 million to the Women’s Micro Bank (Mama Bank) to support the district development through Micro Small Medium Enterprise (MSME) Credit Guarantee Scheme. Mama Bank Chief Executive Officer Mr. Gunanidhi Das stated that Mama Bank signed the MoA with Abau District Development Authority some months ago and now they will make it happen by receiving the funding of K1million from the district. Mr. Das said the agreement that was signed is a credit guarantee scheme which is basically the support given by the district development authority to go towards supporting MSMEs and…
Papua New Guinea’s geographical and strategic importance in the Aisa-Pacific region makes PNG an attractive investment destination. Prime Minister James Marape when reflecting on the World Economic Forum (WEF), emphasized PNG’s geographical and strategic importance in the Asia-Pacific region. Mr. Marape said with Aisa driving the next century of global economic growth, PNG is uniquely positioned as a resource-rich nation close to major markets in Southeast Asia, China and India. “This proximity, coupled with our membership in ASEAN-related frameworks, makes PNG an attractive investment destination,” Mr. Marape said. He added that the forum provided an opportunity to emphasis PNG’s transition…
Prime Minister James Marape has described the World Economic Forum (WEF) in Davos, Switzerland as an eye-opening experience and a significant opportunity to engage with global leaders in science, technology, business and economic development. Reflecting on the forum, Mr. Marape said that the WEF was not just about nation-to-nation discussion but also about connecting with global companies, technology innovations and key investors. Mr. Marape said it provided a rare chance to meet the leaders of some of the world’s most influential organizations in one place. “ExxonMobil, TotalEnergies, Newcrest Mining and Newmont Corporation to name a few and discuss the future…
Ok Tedi Mining Limited (OTML) has surpassed its annual sediment dredging and its rehabilitation target for 2024 at its Bige Operations. The Bige Operations Team has consistently met and exceeded its annual sediment dredging and rehabilitation target consecutively over the last 5 years. This achievement highlights OTML’s ongoing dedication to managing the sediment loads in the Ok Tedi and Fly River systems, preventing adverse environmental and social impacts. Manager Bige Operations, Naimen Kepan, emphasized the importance of meeting these targets for OTML. Highlighting their role in maintaining the company’s social license to operate. Achieving these goals also helps minimize the…