The United States Agency for International Development (USAID) through the Lukautim Graun Program and its partnership with the Centre for Excellence in Financial Inclusion (CEFI) delivered financial literacy training to 20 participants from various women’s groups, conservation groups and staff of Jiwaka provincial administration. The training was conducted under the USAID LGP ‘Women’s Empowerment Program’ and aims to produce a pool of financial literacy trainers specifically to support rural and remote communities in six provinces in Papua New Guinea. These include Eastern Highlands, Jiwaka, Madang, Milne Bay, Morobe, and Simbu provinces. Newly graduated trainers will be able to deliver programs…
Author: PNG Haus Bung
Strong underlying business performance across the Group has resulted in an increased Q1-22 Group Net Profit After Tax, before deduction of the additional company tax, of K259m, compared to K203m for the first quarter 2021. However, the new K190m Additional Company Tax (ACT), which only applies to BSP in the banking sector, has had a significant negative impact on Q1 results, with Group profit falling to K69m after expensing the tax in full in the first quarter. According to BSP Group CEO Robin Fleming, the pre additional company tax Q1-2022 financial results were driven by improving economic conditions and income…
Manus Province now has a massive new state of art airport terminal after the opening of the upgraded Momote Airport by Prime Minister James Marape yesterday. The upgrade work sees the establishment of the new terminal building, runway extension from 1, 810 meters to 2, 010 meters, a new power station and a market facility. The redevelopment project comes at a cost of K101.9 million that was co-funded by the Asian Development Bank and PNG Government and implemented under the Civil Aviation Development Investment Program (CADIP). Designed resembling a stingray, the new state of art terminal includes departure, arrival and…
It was another windy day in Kansas last Saturday (Sunday morning PNG time) but that didn’t stop the PNG athletes from posting some more outstanding performances. Competing on their home track in the city of Concordia the athletes continued their excellent recent form with Leroy Kamau again leading the way and with Isila Apkup and Shadrick Tansi also posting great performances. Kamau followed up a wind assisted 10.36 sec clocking in the 100m (+4.7) with a sensational 20.85seconds in the 200m. The following wind (measured at 3.3metres per second) meant that this cant be recognised as a national record but…
The Kokoda Cup will go to the Burleigh Bears again in 2022 following a 34-0 win over the SP PNG Hunters in an emotional ANZAC Day clash during Round 5 of the Hostplus Cup. Wet weather threatened to dampen the historic annual match-up but both sides adapted to the conditions to produce an entertaining 80 minutes. Despite what the scoreboard suggests, the Hunters earned their share of opportunities but the difference lay in Burleigh’s ability to capitalise on field position and weight of possession. From the kick-off, the Hunters defended an early penalty and worked themselves into good field position,…
ANZAC Day is one of Australia’s most important national days to honour the service and sacrifice of men and women who gave their lives for their country and the people they loved. In the past two years, the COVID-19 pandemic forced ANZAC Day to be held in small private ceremonies. Today we were able to join those in Australia, New Zealand and the world including across PNG for public commemorative dawn services. Public dawn services were held in 12 locations across Papua New Guinea. These included Bomana in Port Moresby, Isurava in Oro, Alotau in Milne Bay, Popondetta in Oro,…
The new Additional Company Tax introduced following the March 2022 sitting of Parliament, will ultimately increase uncertainty and reduce investor confidence in PNG, says BSP Group CEO Robin Fleming. “Consequently, the Tax may well result in a further reduction in Foreign Direct Investment (FDI) at a time when PNG needs increased FDI,” Mr. Fleming said. According to the BSP Pacific Economic and Market Insight Q1 2022 Report, Mr. Fleming said clearly the new tax will have a direct negative impact on BSP shareholders with the tax taken up in BSP’s first quarter results for 2022. The Report stated that BSP…
Through the support of the United States Agency for International Development, the National Democratic Institute held a two-day practical workshop from April 25-26 to promote women’s resilience and mental health ahead of the upcoming elections in Papua New Guinea. The event was held in Port Moresby with almost 20 women political candidates from across PNG’s diverse electorate. The workshop was led by two expert facilitators from the Pacific: Ms. Shirley Kaupa, an expert on Gender-Based Violence in Papua New Guinea, and Mr. Saimone Tuni, a psychologist known for promoting mental health in his home country of Fiji and across the…
Digicel Financial Services Limited and PNG Air have entered into a partnership to enable PNG Air customers to pay their tickets electronically using Digicel CellMoni. Through this partnership, officially launched today, PNG Air customers can book and pay their airline tickets using CellMoni without having to travel physically to a PNG Air Office or travel agency. An online booking can be made through the PNG Air website (www.pngair.com.pg) or by calling PNG Air Customer Care on 16 111 and select the CellMoni payment option. Digicel’s Chief Executive Officer, Colin Stone, commented that Digicel is delighted to collaborate with PNG Air…
Commissioner of Police and Controller of the PNG National Pandemic Response David Manning today revoked previous Measure No.9 issued under the National Pandemic Act 2021 and replaced it with a new measure which became effective on April 22, 2022. Under the new Measure No 9: 1. All persons should where possible wear masks to protect Papua New Guinea from COVID-19. 2. No person shall be permitted entry to, or otherwise remain within, any enclosed space within an Establishment as defined in paragraph 8, unless the person is wearing a Mask or Face Covering, in a manner which covers their mouth,…