Author: Administrator

If you’re complaining about the escalating prices of goods and services, take note that it this isn’t going to slow down. And it’s not limited to Papua New Guineans – rise in prices of fuel is one major factor driving up these prices. The CEO for City Pharmacy Limited, one of PNG’s largest retailers and employers, has warned in a LinkedIn post Papua New Guineans will pay up to 10% more on their groceries. This is largely due to the increase in the price of fuel. In explaining the situation, CEO Navin Raju said: “Companies previously have been able to…

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Passengers flying to Australia: Air Niugini is pleased to advise that effective 1am on 18th April, previous requirements for Covid-19 testing requirements prior to travel will cease. Passengers will not need to get a test prior to departure to Australia, and hence can proceed directly to the Departures Check in through the Main Terminal Entrance. Passengers flying into Singapore and Manila: Both Singapore and the Philippines are now open for travel to non-citizens. You must complete either a negative rapid test (or a negative PCR test) prior to scheduled departure. This is within 48 hours for Singapore, and 24 hours…

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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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