Day: January 15, 2024
Ripple effect of city chaos worries Kina Bank CEO
KINA Bank chief executive officer and managing director Greg Pawson says what happened last Wednesday in Port Moresby and around the country will continue to devastate businesses and affect people’s […]
City Pharmacy eager to return bigger, better: Group chairman
THE seriousness of the current chaos in Papua New Guinea and the gravity of its impact cannot be overstated, says City Pharmacy Limited (CPL) Group chairman Stan Joyce. He said […]
Rioting expected to affect super funds
FINANCIAL losses incurred by companies such as City Pharmacy and Brian Bell will affect Nasfund’s and Nambawan Super’s shareholder dividend payments and their ability to pass on additional benefits to […]
Morobe capital sees shopper restrictions
By MAZIE SELMBIA BETWEEN five and 10 persons were allowed into supermarkets in Lae, Morobe, on Friday to do their shopping. Many families that were allowed in, rolled out with […]
CPL suspends stocks trading
CITY Pharmacy Limited (CPL) Group shares on the PNG Stock Exchange have been suspended from trading. Confirming the temporary suspension, the exchange said the action was undertaken at the request […]
Fone Haus losses amount to between K1.5mil and K2mil
By PETER ESILA THE looting of Namba Wan Trophy Ltd (NWTL) through its Fone Haus and Trophy Haus in Port Moresby last Wednesday, and in Kokopo on Thursday, cost between […]
Papindo Gerehu staff to await new building
PAPINDO Gerehu staff in the National Capital District will be out of work until its building destroyed in the chaos last Wednesday is operational again, says company director Sir Soekandar […]
Hard yards for business, say directors
LAST week’s chaos proves that Papua New Guinea is one of the more difficult countries in which to build a sustainable, thriving business, according to directors of the Papindo Group […]
Olam to roar in 2024
THE Wests Tigers and the Melbourne Storm have finalised a player swap deal that will send Justin Olam to Sydney and Shawn Blore the other way on three-year deals. “Wests […]
Pepes win tournament
By SULI SULI THE Papua New Guinea Pepes have made a solid start to their 2024 international schedule of games by claiming the Hong Kong Four Nations Cup over the […]