Rural small businesses are an integral part of local economies and communities. While rural communities need financial services the most, they remain the largest unserved market most times. In the moorlands of West Sepik Province in Lumi District, a rural small business trading as Sauye Trading, owned and operated by a local woman, Joanna Sauye, is one of the successful small trade store business serving the rural populous of Lumi. Joanna has been operating her local trade store for over a decade since seeking financial assistance from BSP Financial Group Limited (BSP) SME loan product. Recently, in the hopes to…
Author: PNG Haus Bung
New Zealand’s Prime Minister Jacinda Ardern and Papua New Guinea’s Prime Minister James Marape signed the first ever New Zealand – Papua New Guinea Statement of Partnership this week. “This new Statement of Partnership reflects the importance we place on the close economic, cultural and people-to-people links our two countries have long shared,” Jacinda Ardern said. “It is an important milestone in our relationship. By formalising the values, priorities and principles which underpin our strengthening partnership, we’ve set a clear pathway forward for the future engagement between our countries’’. “We look forward to continuing to work alongside Papua New Guinea…
The final report with recommendations on the Inquiry to Declare PNG as a Christian country in the Constitution has been unanimously endorsed by CLRC Commissioners in their second quarter meeting on Thursday 15 July 2021. The report in two volumes will be presented to the Government this month at the earliest for tabling in the August sitting of Parliament. Constitutional and Law Reform Commission (CLRC) Secretary Dr. Mange Matui said this in response to a misreporting in a news article in the media Friday 16 July 2021, that the completed final report was already presented to the government. “As part…
Prime Minister James Marape, MP has intervened on behalf of Papua New Guinea and other Smaller Island States at the virtual APEC Economies Leaders’ Informal Retreat asking then to create economic bubbles through bilateral agreements. Prime Minister Marape asked the International Monetary Fund (IMF) and developed APEC Economics to work with small countries like Papua New Guinea and Smaller Island States, whose economies are dependent on exports and tourism in economic recovery while protecting the health of the people during these pandemic times. The Prime Minister said while the world is pushing for vaccination to enable opening of borders, vaccination…
The Bank of Papua New Guinea is pleased to announce the release of a new 50 toea coin. The fifty toea coin has been used over the years as a commemorative coin to mark special and significant events in the country. This new 50 toea coin will remain as a standard circulating coin in the event that the commemorative coins currently in circulation are depleted. The 50 toea coin retains the dimensions and most design elements of the existing 50 toea coin except for the reverse side, which depicts the Birdwing Butterfly (Ornithoptera Paradisea). This new design was originally used…
Kumul Consolidated Holdings is the latest organisation to partner with the Papua New Guinea Olympic Committee in the sponsorship of Team PNG. The partnership is valued at K3 million, spread over three years from 2021 to 2023. The funding will support the implementation of Team PNG’s new Performance Strategy 2021 – 2024. This strategy includes PNG’s representation at the Tokyo 2020 Olympic Games, 2022 Birmingham Commonwealth Games, 2023 Solomon Islands Pacific Games and the 2024 Paris Olympic Games. The Minister for State-owned-Enterprises and responsible for KCH, Hon. William Duma, LLB, LLM, CMG, MP said he was excited to collaborate with…
The Kavieng District Rugby League 9s Selection Trials Tournament kicked off on Friday 16th July at the Tsoi Primary school oval in the Lavongai LLG. Present to kick off the Tournament was New Ireland Governor Sir Julius Chan and Deputy Governor Sammy Missen accompanied by Chairman for Sports and Kavieng Town Mayor Sikal Kelep, Chairman for Law and Order Edwin Maigen, Chairman for Works and Transport Clement Moson and Provincial Police commander Felix Nebanat. The purpose of the two day tournament is to seek out the best players and select from three Kavieng LLG’s that will then form the Kavieng…
Indian screen and stage star Surekha Sikri has been described as a “top-class actor” and a “force of nature” following her death at the age of 75. The veteran, known for such films as Badhaai Ho, TV shows like Balika Vadhu and many Hindi theatre productions, suffered a cardiac arrest in Mumbai. Sikri won three National Film Awards between 1988 and 2018 and starred in hit soap Balika Vadhu for eight years. She had been ill for some time, having had two strokes in the past four years. ‘She would own it’ Sikri, who was born in New Delhi, won…
Singapore is introducing Covid measures for dining depending on whether people have vaccines, as new cases continue to rise. Only fully vaccinated individuals and people who have recovered from Covid-19 will be able to dine in in groups of five without taking Covid tests when the new rules kick in on July 19, the health ministry said in a press release on Friday. These food and beverage outlets must put systems in place to check the vaccination status of their customers. Unvaccinated people have to take antigen rapid tests to join in groups of five for meals. Dining in will…
Westpac in association with the Rotary Club of Suva East has embarked on a partnership to help Fijians facing food insecurity and other related impacts of the COVID-19 pandemic. Rotary Club of Suva East President, Erica Lee said Westpac’s support comes at a crucial time when Fiji continues its uphill battle with the effects of the coronavirus and many Fijians remain out of work and unable to feed their families. “Rotary clubs across Fiji are inundated with requests from Fijians who are desperate for support with food, baby essentials, hygiene products and personal protective equipment. We are working through partnerships…