PNG News, Wherever You Are
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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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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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.
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 Limited today reported a strong performance for the 12 months to 31 December 2018.
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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 have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
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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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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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By Meriba Tulo – EMTV News, Port Moresby Senior Management of the Department of Finance joined staff members at the
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ICCC announces fuel maximum retail price for this month: price of petrol, diesel and kerosene to increase.
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“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 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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The Australian dollar remained near a two-week low on Thursday, as investors wagered that interest rates would most likely be cut this year due to mounting growth risks at home and abroad.
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U.S. oil prices dipped on Thursday after U.S. crude inventories rose and as production levels in the country stayed at record levels, but OPEC-led supply cuts and the crisis in Venezuela supported markets.
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