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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Business
HP Premier Dealership Announced
Papua New Guinea’s first-ever HP ‘Premier Dealership’ was officially announced in Port Moresby last week at the Hilton Hotel. Remington Group CEO, Peter Goodwin, said that this is the first time HP has signed a ‘Premier Dealership’ outside Australia, within the Pacific Region.
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Nambawan Plaza Opens in Port Moresby
It was all smiles for Nambawan Super, as the Superfund celebrated the completion of the Nambawan Super Plaza.
Located in Downtown Port Moresby, this new development – a partnership between Nambawan Super and Lamana Development, was completed on time and within cost.
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Mother and Son Venture into Business
A retired teacher has partnered with her son to start a business in Lae. 58-year-old Mary Menggenang and son, Samson Menggenang, are owners of two separate businesses that operate under the same roof. Mary runs a tailoring business and Samson who is a computer scientist by profession, runs an internet café.
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BzzWorld Mobile App Launched
With the trend of online shopping these days, people can just sit in the comfort of their home, office or anywhere else to purchase goods. BzzWorld is an online shopping platform introduced in Papua New Guinea a year ago. JM International launched their BzzWorld mobile app that enables customers to shop online. A more convenient and easy way to shop for various products.
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ANZ PNG CEO to become Kina Bank customer
CEO of ANZ PNG to become Kina Bank customer Speaking to an audience of Small to Medium Enterprise customers at the Stanley Hotel recently, Chief Executive Officer Mark Baker confirmed his ANZ accounts will transfer to Kina Bank when the acquisition of ANZ PNG’s Retail, SME and Commercial business takes place later this year.
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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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Mining Minister explains Process: Pogera and Ramu Nico Mines
The Mining Minister today fronted the media to explain the process currently underway in preparation for a decision on the future of two mines in
the country.
The Journey of Papa Omas Café
A 57 year old man who joined the PNG University of Technology 26 years ago as a tea boy is now recognised by the University as a Barista. Omas Homili was employed by the University in 1993. He now manages a small corner in the Vice Chancellor’s office known as Papa Omas Café through the art of making coffee.
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9 Mile Vendors Concerned over Lack of Proper Market Facilities
Over 200 fresh vegetable vendors at 9 Mile outside of Port Moresby are concerned about the lack of proper market facilities for them to do business.
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BSP Bank receives Operational Excellence Award by Wells Fargo Bank, N.A
On 19th March 2019 Wells Fargo, the fourth largest bank in the United States of America and Bank South Pacific’s (BSP) major US dollar correspondent bank awarded BSP the Wells Fargo Operational Excellence Crystal Award.
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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.