BSP Half Year Results: Operating Profit After Tax of K434.9 million
Despite continued subdued economic environments in its operations across the Pacific, Bank South Pacific has continued to record positive
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Finance
Oil prices ease, but Middle East tanker attacks support
FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick
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Nambawan Super Profit: Members Encouraged to Develop Savings Culture
Contributors to Nambawan Super have received a 3.7% interest on their contributions following the announcement of the fund’s 2018 performance. Chairman of Nambawan Super, Anthony Smare, when announcing the super fund’s Full Year Results, said despite the difficult economic climate in PNG, sound investment decisions had returned significant positive results – despite these results being much lower than previous years.
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BSP Financial Literacy Program Reaching over 129,000 People
Since inception in October 2014, the program aims to educate the community on how to manage money and helps them to use the appropriate banking products and services.
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Japan’s business mood hits two-year low as trade war stings
TOKYO (Reuters) – Japanese business confidence worsened to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-U.S. trade tensions and softening global demand were taking a toll on the export-reliant economy.
The damage was most pronounced among big manufacturers, where sentiment soured at the fastest pace in more than six years, stoking fears that uncertainty over the global outlook could discourage companies from spending on wages and expenditure.
Fleming Explains Bank South Pacific Performance
Following the announcement of its 2018 Full Year Results to the markets, Bank South Pacific held a briefing with media and investors yesterday, March 4th, to explain the performance of the PNG-based financial entity over the last 12 months.
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Kina Securities Delivers Strong 2018 Full Year Results
Kina Securities Limited today reported a strong performance for the 12 months to 31 December 2018.
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Trump delays tariff hike on Chinese goods, citing trade talk progress
President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.
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Australian thermal coal prices fall to lowest since April 2018 on weak China demand
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
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Oil gains 1 percent after Saudi Arabia pledges more output cuts
Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels.
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New Zealand PM says exporters could suffer due to U.S.-China trade tensions
Prime Minister Jacinda Ardern said on Friday that trade tensions between the U.S. and China, which is New Zealand’s top trading partner, could affect exporters in the country and hurt its economy.
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Finance opens new Payment Office at Vulupindi Haus Headquarter
By Meriba Tulo – EMTV News, Port Moresby Senior Management of the Department of Finance joined staff members at the
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Feb fuel prices: Petrol, diesel & kerosene to increase
ICCC announces fuel maximum retail price for this month: price of petrol, diesel and kerosene to increase.
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Fed’s Quarles says Chinese ‘downdraft’ weighs on global economic outlook
“downdraft” in the Chinese economy and the effect of ongoing trade negotiations are among the top concerns in the global economy, though U.S. growth is still solid, a Federal Reserve governor said on Wednesday.
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Asian shares doze in data lull, New Zealand dollar takes a dive
Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary.
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