Author: Administrator
BSP PNG | BSP Financial Group Limited (BSP) has reopened two (2) of its branches in the country after its operations were subject to security issues last year. BSP Retail Group General Manager Daniel Faunt said these branches are among 21 locations in PNG where BSP is the only bank operating and complete withdrawal of services would have a detrimental impact on the community. “Despite the cost associated with running 42 branches and 42 sub-branches, which too often become subject to criminal activities, BSP remains committed to expand and extend its services to cater for the number of customers it…
Today I co-chaired the 29th Australia-PNG Ministerial Forum with PNG FM Tkatchenko.The incredible turnout of 10 Australian ministers and 16 PNG ministers speaks to the depth and breadth of our relationship.Australia and Papua New Guinea are neighbours, friends and equals. pic.twitter.com/1Gi2gVvI17— Senator Penny Wong (@SenatorWong) February 17, 2023 The 29th Australia–Papua New Guinea Ministerial Forum was held in Canberra, Australia on 17 February 2023. The Forum was co-chaired for Australia by Senator the Hon Penny Wong, Minister for Foreign Affairs and for Papua New Guinea by the Hon Justin Tkatchenko MP, Minister for Foreign Affairs. Participating Ministers for Australia were:…
An agreement has been signed to allow more Papua New Guineans in the informal sector to save for retirement through Nasfund. Nasfund signed a partnership with MiBank, to develop a member onboarding software, which will be used by MiBank agents and Nasfund officers to register citizens through the Fund’s Eda Supa product. The Memorandum of Agreement (MOA) for an initial 2-year period, was signed today by Nasfund Acting Chief Executive Officer Rajeev Sharma, and MiBank Chief Executive Officer Tony Westaway. According to Nasfund Acting CEO Rajeev Sharma, this is exciting for the Fund, as it leverages off MiBank’s proven technology…
Credit Corporation Finance Limited (CCF), a subsidiary of Credit Corporation (PNG) Limited, has today advised that the Bank of PNG has granted CCF an “Approval in Principle” for a banking licence. Credit Corporation PNG Chairman, Dr Albert Mellam said the Bank of PNG had offered an “Approval in Principle” for a period of 12 months to transition CCF’s current licence from a financial institution to a commercial bank. “We are working with the Bank of PNG on the necessary steps we will be taking in preparation for our launch as a new PNG bank next year,” he said. Credit Corp…
There are many documentaries about lost civilizations, migration of communities and even abandoned places. The documentaries are fascinating as well as entertaining. This makes one think about whether there are any such stories like that in Papua New Guinea. Of course there, but, the lack of records or written documentation makes these interesting stories “unfindable”. There is in fact some written documentation of a place in Port Moresby that was once an officially recognised village but had been abandoned in the 1920’s. That village is Kourabada and was once a small but thriving village on the foot of what we…
Port Moresby City Transfers is pleased to announce that it now has a shuttle transfer service specifically for school children. What’s more interesting is that their popular RideShare transfer arrangement is on this service. For more information, please see the poster details below. If you would like to know more about this service or to book, please follow this link for the form – https://pomct.com/transfers/school-transfers/.