Kina has today announced an Net Profit After Tax of K45.6m an increase of 15% compared to the prior corresponding period (PCP). Kina’s 1H22 results reflect strong revenue growth and ongoing progress against the key strategic priorities of the Group. Kina remains committed to delivering improved returns by growing market share organically, disciplined expense management and a prudent approach to maintaining a resilient balance sheet. Revenue growth was evident across both net interest and non-interest income. Net interest income grew by 8% against PCP due to solid lending performance in SME and home lending. In non-interest income, merchant facility fees…
Author: PNG Haus Bung
Australian cricket has paid tribute to the late Andrew Symonds at the one-day international against Zimbabwe in Townsville with many of the things he loved in life. The popular all-rounder died in a car accident in May. With his nickname, “Roy”, and test number emblazoned on the field, the Australian side, fans and Symonds’s loved ones remembered him in the city he settled down in after retirement from the game. Symonds’s children, Will and Chloe, acted as drinks carriers during the match, after lining up with the teams prior to the start for a minute’s silence. At the innings break, the children,…
With just one full round of the NRL Telstra Premiership ahead of us, the race for spots in the top eight has well and truly heated up. Penrith have clinched the minor Premiership… but other than that, every other position in the finals is still capable of facing some changes with spots in the top four and top eight still undecided heading into the final round. Best and worst case finishes Penrith Panthers (1st, 42 points) Best case: 1st Worst case: 1st Round 25 game: v Cowboys (A), Saturday, 7.35pm. Penrith have wrapped up another minor premiership, and were presented with the JJ…
Prime Minister Hon. James Marape Papua New Guinea spends a massive K2 billion-plus on importing food every year, some of which can be easily grown and produced in the country. He said this today (August 28 2022) when announcing that the two major focuses of his Government were internal security and growing the economy “More control of the prevailing law-and-order situation will lead to increased business, especially in agriculture, to bring down the country’s huge food import bill,” PM Marape said. He said it would also lead to more benefits from the mining and petroleum sectors. “I’m very strong in…
Papua New Guinea has expended a whopping K341 million in 2019 alone to overseas countries for imported meat products while its nine cattle ranches, five abattoirs, and various piggeries lie in ruins and face the threat of being overtaken by squatters. Quoting the 2019 figure as an example, Prime Minister Hon. James Marape said if Papua New Guineans can spend this kind of money buying meat from overseas, they most certainly can inject similar amounts back into their own economy if there was a full-time livestock market available in the country that supplied this perpetual need. Meat consumption is estimated…
Film-BRO, in cooperation with the Paradise Private Hospital, has launched on Tuesday 23rd of August, the 4th episode of “Life in the Ward”, a series of documentaries on health care in Papua New Guinea. This latest episode centered on the threat of infectious diseases, especially among the young generations. The screening, attended by over 100 people, was hosted at the Lamana Hotel in Port Moresby and it was sponsored by the Port Moresby Chamber of Commerce, Digicel Foundation and the UNFPA. “We are proud to support this series of documentaries,” said Rio Fiocco, the President of the Port Moresby Chamber…
The footy gods were smiling down on the Santos National Football Stadium on Saturday afternoon as the SP PNG Hunters pulled off a fairy-tale finish in their homecoming match with the Mackay Cutters in Round 20 of the QRL Hostplus Cup. Trailing by four points with seconds remaining, the Hunters produced a miracle play with their final possession to beat the Cutters in front of a joyous crowd in Port Moresby to round out their 2022 season. The 78 minutes prior was a seesawing affair as both sides struggled with their ball security in the humid conditions. The Cutters were…
Prime Minister James Marape has used the occasion of the National Day of Prayer & Repentance on Friday (26/08/22) to bring the spotlight on the plight of Papua New Guinea’s women by calling on the men to take stock of their actions against women. He made the appeal while holding the men to account for many of the difficulties and problems PNG women have been experiencing and continue to face today. The Prime Minister was speaking at the Sir John Guise Stadium at the event jointly organized by the Government and churches to mark the occasion. The event involved the…
In their preliminary findings drawn from their observation of the 2022 National General Elections (NGE), Transparency International PNG (TIPNG) has described the accumulated failures in the preparation, conduct, delivery and conclusion of the Elections as being a severely flawed process. The local civil society organization had 340 observers deployed during the polling period. TIPNG has released a Summary Paper outlining its initial assessment of the 2022 NGE drawing from these findings, TIPNG is calling for a genuine commitment from all stakeholders to undertake major reforms of our electoral process and systems to avoid similar problems in 2027. “The PNG Electoral…
The United Nations Population Fund in Papua New Guinea has provided 19 Reproductive Health Kits and 2,000 Dignity Kits to Porgera, Kandep and Laiagam Districts in Enga Province following ethnic conflicts and election-related violence which has left hundreds of people displaced, especially women and girls. “During crises, such as what we have seen over the past three months in the Highlands Region, women and girls are particularly vulnerable,” said UNFPA Country Representative Marielle Sander. “During conflicts, natural disasters and public health emergencies, sexual and reproductive health needs cannot be overlooked. Pregnant women risk life-threatening complications without access to delivery and…