PNGFM LTD COMPLETE CONSTRUCTION AND MOVE TO NEW HOME

PNG FM Ltd parent company of PNG’s leading radio stations Nau FM, Yumi FM, Legend FM, the Total Event Company, PNG Haus Bung and Magic Factory announces today that it has successfully completed its move to their new home at Hohola, Kunai St. Section 225, Lot 9. Construction on their OWN studio and office complex commenced in May 2023. “This has been a long-time dream, and we are thrilled that we can open in time for our 30th Anniversary in Papua New Guinea on November 14th” said PNG FM Chair Peter Aitsi.

PNGFM Haus, Section 255, Lot 9, Kunai Street, Hohola, Port Moresby, PNG.

“Timing is critical in the PNG market, and we believe we have been able to take full advantage of favourable market conditions.” “We purchased the land in the middle of the Covid 19 crisis and were able to construct at a time when the PNG market is starting to move,” said Mr Aitsi. The new studio complex features the latest in broadcast equipment and sets PNG FM up with the tools to fully exploit a muti media future supporting media products both on air and online. “Our team is very excited about the new opportunities that are in front of us “said PNG FM General Manager Rosemarie Botong.

Dapu, YUMIFM Day Personality.

“We are looking forward to growing our radio stations Nau FM, YUMI FM and Legend FM and our news portal PNG Haus Bung.” “To complete a project like this on time and on budget without any significant hiccups is a tribute to the PNG FM team supported by our contractors and advisors,” said Mr Aitsi. “Special thanks to our contractors China Railway Construction Co. Ltd and our architect Tropical Projects but the real heroes have been the PNG FM team.” Total cost of construction was K10m with the land having been purchased in 2021 for K5m. The complex will be formally opened on November 14th as part of PNG FM’s 30th birthday celebrations.