Oil Search continues to place constructive environmental conservation at the forefront of its activities. To that end, it maintains an efficient environmental protection scheme that complies with the ISO 14001 global standard's specifications. The Company is dedicated to preserving and reducing environmental impact in the communities. Oil Search's o...

PNG Ports Corporation has reported a profit of K83 million for the full year of 2019. This permitted Kumul Consolidated Holdings (KCH) to receive a full-year dividend payment of K21 million, which was finalized yesterday with the presentation of K11.4 million to KCH as a second payment following the first part of K9.6 million paid in November. Chair...

The National Superannuation Fund Limited (Nasfund) is delighted to release its full-year 2020 findings. The audited results for the year ended December 31, 2020, as reviewed by the Board at its meeting, included a Net Profit of K222.9 million and a Net Asset Value of K5.57 billion. Following these findings, the Nasfund Board of Directors approved a ...

After reporting a Core Operating Profit of K25.66 million for the 2020 financial year, Credit Corporation PNG has posted a net profit of K22 million. Credit Corporation CEO Peter Aitsi released the 2020 results, saying it represents the complexities of the COVID-19 pandemic during the year, as well as the group's determination to actively support PNG's...

Kina Bank has pledged support for the second consecutive year to the FODE education program administered by the Kokoda Track Foundation at the Motu Koita FODE centre in Port Moresby. The bank is funding the FODE program and providing mentoring by bank staff to students enrolled at the centre. The one-on-one mentoring program offers students the opport...

  The Kina Asset Management Ltd (KAML) made a net profit of K3.32 million for the year ended December 31, 2020, thanks to a 6.2 per cent investment return. The achievement was made amid the Covid-19 pandemic and continuing geopolitical conflicts, according to KAML chairman Sir Rabbie Namaliu. Sir Rabbie praised KAML's investment strategy's divers...

Nearly 5 years LTI free and with a record of continuously improving and fine tuning its safety systems, Pacific Towing (PacTow) recently passed its International Safety Management (ISM) Code audit.  The voluntary audit was conducted in accord with the International Maritime Organisation (IMO), the United Nations agency specialising in maritime and shippin...

Did you know that employee ‘money worries’ associated with poor financial wellbeing can negatively impact business profitability?  Financial literacy training is a relatively easy and cost-effective solution to improving employee financial wellbeing and thus mitigating the negative effects of ‘financially stressed’ staff.  Helping your employees access re...

Bank South Pacific (BSP) Group expects its financial results to be no less than last year’s.This was according to BSP chief executive officer Robin Fleming, who said that the year started off well for the bank. Ending December 31, 2020, the bank made a net profit of K806.2 million, a 9.5 per cent decrease compared to K890 million in 2019. The decrease was...

Port Moresby residents have been ordering pizza from small business Little CEO Pizza with a touch of a button via Kina Bank’s online payment platform. The local pizzeria collaborated with the bank last year to launch their online internet payment platform that enables individuals or families to simply place and pay for their pizza orders on the Little CEO...

With a focus on engaging more with its membership in 2021, the National Superannuation Fund, Nasfund, has begun its member engagements.In addition to online presentations via Zoom, the Fund’s Client Relations Team has commenced conducting shop-floor presentations, in accordance with COVID-19 protocols. Whilst the shop-floor presentations cover a range of ...

The National Superannuation Fund, Nasfund, is reminding employers to ensure that superannuation contributions are paid on time each month, in line with the Superannuation Regulations.In outlining the Fund’s employer engagements for 2021, Nasfund Chief Officer Member Services Anne Wilson is encouraging employers to ensure that superannuation payments remai...

Heduru Moni Limited T/a Moni Plus is welcoming applications from experienced candidates for the role of Independent Board Director. Heduru Moni Limited T/a Moni Plus is a licensed financial institution under the Banks and Financial Institutions Act (amended) 2000, and providing financial services to its clients throughout Papua New Guinea having branches ...

Fully customisable, high-performance anti-abrasion solutionsWorking closely with customers in the mining and minerals processing sectors, Weir Minerals’ expert engineers have developed high-performance wear panels for use in all medium- to high-wear applications. The new modular anti-abrasion panels are ideally suited for localised impact and wear points,...

Newcrest Mining Limited recognises the critical role that partnerships play in delivering sustainable outcomes in Papua New Guinea. Since the establishment of its K20 million Community Support Fund (CSF), Newcrest has assisted host communities in their response to the COVID-19 pandemic through partnerships with all levels of Government and major donors. O...

Contributors to National Superannuation Fund, Nasfund, are reminded to update their membership details to ensure important information such as member contact details, address, and more importantly, member beneficiaries are included and are current.Nasfund Chief Officer Member Services Anne Wilson made this call when outlining the Fund’s Member Service eng...