Briefs

Currency legal
CRYPTO currency was created many years ago and has been gaining a lot of popularity in the illegal products trade on the internet but it is not illegal, internet security specialist Jamie Gillespie, from the Asia Pacific Network Information Centre, said. “Crypto currency itself is not illegal. The important thing to understand is that some countries will accept crypto currency as a real currency, some counties will not accept crypto currency and don’t recognise it as a real currency,” he said. “So you have to make sure that whatever you are doing is legal and it’s acceptable where you are.”

Challenges faced
WHILE Papua New Guinea is looking forward to the completion of the submarine cable and high internet speed, there are disadvantages and challenges which come with it, says a consultant. Internet security specialist Jamie Gillespie from the Asia Pacific Network Information Centre said some of the problems that PNG would face with the increased bandwidth was that it would be an attractive target with hackers trying to utilise the bandwidth for illegal and malicious purposes. “They (hackers) may try to get financial gain or use the bandwidth to access computer resources,” Gillespie said.

Chaplain hired
PARADISE Foods Ltd will be the first company in the country to have a full time company chaplain, chief executive officer James Rice recently announced. While addressing the employees, Rice said it was a step forward bringing in a company chaplain as they would not only be focused on the economic development but also contribute to the emotional development of their employees. Also during the announcement, four hard-working employees were awarded to recognise their achievements and their services for the company.

Stability eyed
THE Anitua Group is looking forward to a new era of financial stability and business prosperity with the appointments to two experienced industry professionals to its executive management team. Chief executive officer Daniel Kaima and company director and chairman John Kapsa said that Anitua would benefit from the considerable expertise of its new chief financial officer Patrick Doekes and chief commercial officer Terry Bourke.

Shares sold
CATERING and camp management company NCS Holdings Ltd has sold its share in the Hidden Valley operation to joint venture partner and fellow landowner company Nauti Kuembu Winima (NKW) Holdings. The sale was finalised earlier this month after a 15-year mutually rewarding partnership between two of the country’s most successful landowner companies. NCS parent company the Anitua Group director Mark Soipang confirmed that the sale of its share in the Hidden Valley operation which served the Wafi-Golpu mining project had always been part of the initial agreement between NCS and NKW.