Coffee production sees decline: Report

Coffee productions at its low: Photo: Cafe Imports
Coffee production in Papua New Guinea (PNG) has been on a decline in the last 10 years, a study has shown. Coffee productions at its low: Photo: Cafe Imports A research conducted by the PNG National Research Institute  (PNG NRI) from 1998 to 2018 has reported that the coffee harvest area and the quantatiy of coffee produced has... more →
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NCSL declares profit, pays members K12m (6%) in interest

NCSL-LOGO
THE NASFUND Contributors Savings & Loans Society Ltd (NCSL) today paid K12.3 million in interest to its members after it  announced K13.24 million profit and interest crediting rate of 6% for the financial year 2020. The current NCSL memberships stands at 133,869 members nationwide. Chairman of NCSL Ian Tarutia while announcing... more →
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Norilsk Nickel: Mining firm pays record $2bn fine over Arctic oil spill

The source of the spill: Part of the power plant in Norilsk
A mining firm has paid a record $2bn (£1.4bn) fine over a huge oil spill that caused one of Russia’s worst environmental disasters. Norilsk Nickel, the world’s leading nickel and palladium producer, said it had paid the fine on Wednesday. The fuel spill last May saw 21,000 tonnes of diesel pour from one of... more →
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Kina Bank plans to waive fees

KINA Bank’s chief executive officer Greg Pawson
March 10, 2021 The National Business KINA Bank’s chief executive officer Greg Pawson has revealed that the bank’s ambition to modernise PNG’s financial services sector with plans for fee-free banking. “We want to take banking back to basics with better customer service and no unnecessary fee gouging,” he said. “We think... more →
Posted in: Papua New Guinea

Elon Musk’s SpaceX is not welcome on Indonesia’s Papua island

Stay updated with the latest in Tech, Science, Culture, Entertainment, and more by following our Telegram channel here. The people of Indonesia’s Papua island are incensed. The reason? Elon Musk’s SpaceX was permitted by the Indonesian government to use the tiny Biak island for his spaceport. According to the Guardian,... more →
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