Day: April 1, 2020
We need backup plans
AMERICANS are now feeling the pinch of Covid-19 because President Donald Trump played it down. He has now committed US$2trillion (K6.9tril) as a stimulus package to save the American economy. […]
Follow orders to contain Covid-19
TODAY is day 10 of the state of emergency imposed by the Government in its effort to have an isolation strategy so authorities can pinpoint if the virus is present […]
BSP plans support packages
BANK South Pacific Chief executive Robin Fleming says the bank has approached its corporate customers in sectors which are affected by Covid-19 downturn to discuss support packages. Fleming said those […]
Virus impacts cocoa industry
By SHIRLEY MAULUDU A LOCAL cocoa farmer in East Sepik says the coronavirus pandemic has had a negative impact on the local industry. Isaiah Sanduma, from Bukinare village, Yangoru-Saussia, has […]
Taxi driver: Lockdown costly
A TAXI driver in Port Moresby says most taxi operators are not making much due to the Covid-19 state of emergency in the country. Benjamin Wan told The National yesterday […]
Covid-19 affects growing number of SMEs, says Exec
By PETER ESILA A GROWING number of small to medium enterprises (SME) are seriously affected by the Covid-19 scare and are unable to do business due to the transport lockdown […]
Bank to reduce indicator lending rate
BANK South Pacific has announced a reduction in its indicator lending rate (ILR) of one per cent, to 10.1 per cent which will come into effect today. The ILR is […]
Porgera calm, communities adhere to Govt advice: Barrick
BARRICK Niugini Ltd (BNL) says the situation in Porgera remains calm, as the Porgera mine and surrounding communities continue to adhere to the Government’s health and safety advice in relation […]
SOE an opportunity to discuss food security: Exec
THE Covid-19 state of emergency is an opportunity for the Government and stakeholders to seriously discuss food security. Farmers and Settlers Association president Wilson Thompson said PNG needed to keep […]
Bank lowers interest rates
KINA Bank says it is reducing all local currency overdraft interest rates by two per cent per annum. Chairman Isikeli Taureka said the reduced interest rates to come into effect […]