The Deputy Chairperson of Nambawan Super, Dame Meg Taylor, yesterday announced that in 2021 the Fund has grown its net asset value to K8.82 billion, earning a net profit of K526 million that has been distributed to more than 208,000 members through applying a crediting rate of 6.5% to their accounts. Dame Taylor said that the Nambawan Super Limited (NSL) Board and Management had worked tirelessly to overcome the challenges of the Coronavirus Pandemic to deliver good returns for their members and they were pleased with the overall performance of the Fund in 2021. “It is pleasing that we will…
Author: PNG Haus Bung
The Independent Consumer and Competition Commission (“ICCC”) wishes to announce to relevant stakeholders and the general public that it has approved for Dye & Durham Corporation (“D&D”) to proceed with its proposal to acquire all of the shares in PNG Registries Pty Limited (“PNG Registries”). ICCC Acting Chief Executive Officer, Mr. Brian Ivosa said, “after taking into consideration D&D’s Clearance Application and its submission including comments from relevant stakeholders and other available information, the ICCC has concluded that the proposed acquisition will not have, and will not be likely to have the effect of substantially lessening competition in any markets…
Vendors and communities of Wabag District and nearby areas in Enga Province now have improved market facilities to engage in commerce and trade of their products and produce. The new market complex funded by the Papua New Guinea-Australia Partnership together with the Wabag District Development Authority opened in Wabag Town on Monday 28 March. The new complex includes 139 stalls, vendor transit accommodation, a women’s business administration centre, male and female ablution blocks, first aid facilities and a cafeteria. The market complex is specifically designed to cater for women’s groups, vendors and those who buy and sell at the market…
Nasfund Contributors Savings and Loan Society (ncsl) members find ncsl’s online and e-services to be very helpful, especially during the times such as COVID-19. Many have testified the services were very convenient as members were not required to visit the branch for queries and they were able to manage their loans and savings easily using the various electronic channels. A member, Ms. Genesis Ketan said the online portal was so convenient, she was able to access her ncsl accounts from anywhere. “I now use the online portal all the time as it is so convenient that I can check my…
The Papua New Guinea Tribal Foundation is excited to now partner with PricewaterhouseCoopers (PwC) who are generously supporting the Senisim Pasin campaign in selected high schools in Port Moresby. Senisim Pasin is a campaign built around a film of the same name and tailored around the advocacy against Gender Based Violence (GBV) and Sorcery Related Accusation Violence (SARV). The program includes the film screening then open dialogue of the issues surrounding GBV and SARV such as Communication and Gender Appreciation and most importantly discussing solutions in the fight against violence. The partnership between PwC and the PNG Tribal Foundation involves…
A rural Primary School in Markham District of Morobe Province received a timely donation of school resources after 20 years lack of proper student and teacher resources. Zumin Primary School established in the late 1980s were the proud recipients of student and teacher’s resources from Brisbane, Australia. Thanks to the efforts of a Non-Profit Organization, Yumi Project based in Australia who collected the items, and shipped them to Lae. The donation was received on Thursday 24th March 2022 and presentation of the items were done on Friday 25th March 2022 at the school witnessed by students, teaching staff, board members…
Moresby North West MP Lohia Boe Samuel was granted K10, 000 bail by the National Court on Friday (25/03/22)evening. Bail is the discretion of the Court. The MP and his co accused were released on bail, however, police will still pursue the charges filed against the MP for murder. The MP was arrested and charged based on evidence. I warn any person, regardless of who ever it may be, to abstain from interfering with the State witnesses. Police will not hesitate to arrest anyone who does so. CCTV IN FUSION 2 RESTAURANT I understand there is file photo of the…
Will Smith slapped Chris Rock in the face on stage at the Oscars after the comic made a joke about the actor’s wife Jada Pinkett Smith. “Jada, can’t wait for GI Jane 2,” he said, in an apparent reference to her shaved hairdo – a result of the hair loss condition alopecia. Smith walked on stage and struck Rock before returning to his seat and shouting: “Keep my wife’s name out of your [expletive] mouth.” He later apologised to the Academy. In a tearful acceptance speech for best actor, he also said he wanted to apologise to all his fellow…
Lohia Boe Samuel will remain as a Member of Parliament under the Constitution and perform his functions despite being recently charged for a murder case that is before the courts. Mr Samuel who was initially detained by police was released on a K10, 000 court bail in his second bail application last Friday by the National Court. The Office of the Parliamentary Counsel confirmed that he is still a member of Parliament, unless disqualified under Section 103 and 104 of the Constitution. It said, an example would be of one being ‘sentenced for an offence with an imprisonment term of…
Businesses and Corporate organizations in the country are urged to support the Trukai Fun Run Auctions scheduled to be held in Lae on 24th March 2022 at the Lae Yacht Club and in Port Moresby on 31st March 2022 at the APEC Haus. The Trukai Fun Run Auctions is one of two major fundraising events for the Papua New Guinea Olympic Committee (PNGOC) held annually to raise funds for Team PNG to participate at international sporting events such as the Pacific, Commonwealth and Olympic games. All funds raised this year will enable Team PNG to attend the Pacific Mini Games…