Westpac continues to deliver on its commitment to empower communities with essential financial knowledge by kicking off its 2025 series of Financial Basics for My Business online webinars. The first session included business owners and representatives from various organizations both in Port Moresby and outside centres, who all successfully completed the program and gained access to a range of resource materials.
This interactive three-hour webinar equips participants with the skills to create and understand a balance sheet, prepare an income statement, and build a solid business plan to drive their ventures forward.
Westpac Acting Chief Executive, Warren Bobin highlighted the importance of such initiatives, saying, "At Westpac, we are committed to building financially empowered communities. These sessions are designed to give participants practical skills and the confidence to make informed decisions about their businesses, contributing to economic growth and sustainability."
Port Moresby participant Albert Mokis Ababh expressed his gratitude for the knowledge gained. Speaking of the workshop he said, “It was highly informative and provided a clear understanding of the financial basics necessary for running a business. The focus on maintaining accurate records and their impact on operational efficiency and profitability was particularly valuable. The practical examples and real-world applications discussed during the session made the concepts easy to grasp and implement. Overall, this training has equipped participants with essential tools and knowledge to make better financial decisions and drive business success”.
Angelica Melly who joined the session from Kavieng also shares the same sentiment. “As someone working with NGOs and rural communities, this training was invaluable. It provided vital resources that are often inaccessible outside Port Moresby and equipped me to better support rural communities with effective strategies. Thank you for the opportunity to participate”, said Ms Melly.
The Financial Basics for My Business webinars are held monthly and are suitable for anyone interested in starting or already running a business. Westpac encourages women's groups, youth groups, and individuals to take advantage of this opportunity.
To register your SME group for upcoming sessions please contact Christopher Saisagu at csaisagu@westpac.com.au . You can also sign up for the February sessions via the link provided on Westpac’s social media pages.
With Westpac’s ongoing financial literacy efforts, communities are empowered to grow, thrive, and contribute to Papua New Guinea’s economic development.
