Day: May 26, 2020
Bank records K890 million net profit in 2019
THE Bank South Pacific (BSP) recorded a net profit of K890 million in the 2019 financial year – an increase of K46.3 million from 2018. It means a total dividend […]
Mine records K754mil profit
OK Tedi Mining Ltd has recorded a net profit of K754 million for the 2019 financial year. It represents an increase of K289 million, or 61 per cent, compared to […]
Cocoa products seeing boost under new agreement
A NEW agreement signed between the Australian-funded Market Development Facility and Paradise Foods Ltd will see a boost in locally-manufactured cocoa products. The partnership will improve Paradise Foods Ltd production […]
Scheme to support locals
By GYNNIE KERO OUTGROWER opportunities for the people of Yangoru-Saussia in East Sepik to engage in poultry projects will be available next month, MP Richard Maru says. The Innovative Agro […]
New head for members services
The National Superannuation Fund (Nasfund) has appointed a second female member to its executive committee. Anne Wilson has been appointed chief officer members services. Nasfund chief executive Ian Tarutia said: […]
MP pledges K1 million for women
MOTHERS who are actively involved in small and medium enterprises (SMEs) in Moresby North East will continue to receive financial assistance, local MP John Kaupa says. Kaupa said K1 million […]
Covid-19 affecting pilot standards: Airline
PNG Air says the coronavirus pandemic has created international barriers for airlines throughout the world and affecting pilot standards. Access to flight simulators overseas are presently out of bounds for […]
Customers receiving help
BANK South Pacific (BSP) is assisting over 5,000 customers who are affected by the Covid-19 with either loan repayment holidays or interest only payments. Chief executive officer Robin Fleming explained […]
Training helps women in province
A GROUP of women say they have benefitted greatly from a coconut downstream processing training in Kokopo, East New Britain. The women from Korai ward in the Bitapaka local level […]
Pandemic forces tourism SMEs to lose business
MOST of the small to medium enterprises (SMEs) in Milne Bay dependent on tourism have been badly affected because there are no cruise ships arriving. The Milne Bay Tourism Bureau […]