Author: Administrator

The National Capital District Commission is preparing to launch its own public bus service immediately after the Easter. In a media release through its City Sivarai publication, the city authority is currently preparing the ”mechanism that will ensure the service is delivered to the highest standards possible from the beginning.” Governor Parkop outlined the routes in which the service will operate will be eight which are currently not included by current PMV operators. “NCDC has been running bus service for school children in the city and we are confident the city bus service will deliver great outcome for the city…

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BSP PNG | BSP Financial Group Limited (BSP) is commemorating its 20th anniversary of the privatisation of the former Papua New Guinea Banking Corporation and amalgamation with BSP on 9th April, 2002. The privatisation of PNGBC was one of the many reforms initiated by the Prime Minister at the time, the Late Sir Mekere Morauta, which also included changes to the Central Bank Act, the Banks and Financial Institutions Act and the Superannuation Act. All these were all intended to preserve the independence of the Central Bank and Superannuation Funds. It was also to allow the state owned commercial bank,…

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If you’re looking to start a business, we’ve listed down 6 essential tasks you should be aware of and undertake before opening your doors for business. Legal Entity Many SMEs usually start off business by operating as sole traders. But there are other options to consider such as operating as a company or where relevant as a partnership if two or more individuals are involved. Business Name You can operate under your own name but most prefer to operate under a business name and that’s probably the best way to go about it. Even a company can register a business…

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If you’re considering travelling to the States, this might be the quickest route to get there with Qantas recently opening flights from Brisbane to LA. Aviation Australia writes: Qantas has restarted its service from Brisbane to Los Angeles after suspending it for more than two years. The Airbus 330-200, VH-EBM, took off at 10:26 am local time as flight QF55 and is expected to arrive on 2 April at 6:30 am. Moving forward, the service will operate five times per week, departing at 10 am from the Queensland capital and 10:20 am from LAX. The airport’s chief executive Gert-Jan de…

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BSP PNG | BSP Financial Group Limited (BSP) continues to reduce fees on its products and services, this time on its SME products, and its Kundu Standard and Plus Saver Accounts for Retail customers. In announcing the new reduced fees which are effective as of Friday 1st April, 2022, BSP Group CEO Robin Fleming said this reduction of fees benefit over 11,000 BSP SME Deposit Account customers who will see huge fee reductions on BSP’s accounts that have been tailored for our SME customer’s which are our SME Package Account and SME Current Account. “Our SME Package customers will enjoy a reduction on…

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If you are travelling overseas any time soon and expect to use your BSP Visa Debit Card while overseas, you need to read on. It’s very important. Recently, a colleague of ours travelled overseas relying on using his BSP Visa Debit Card to withdraw cash while overseas. While he did withdraw, he found out that there were limitations on the use of his card particularly on withdrawing cash from overseas ATMs. On enquiring with the bank, he had found out that the Bank has restrictions on use of Classic BSP Visa Debit Cards overseas. Here’s the notice he received: An…

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