PM to probe NDB K80 million SME funds

Prime Minister, James Marape. Photo: Charlie Dumavi/PNG Bulletin
A PROBE will be established this week into the non-lending of K80 million by the National Development Bank (NDB) to Micro, Small & Medium Enterprises (MSMEs) and Small and Medium Enterprises (SMEs). Prime Minister James Marape told a recent meeting when addressing cabinet ministers, heads of departments, senior public servants... more →
Posted in: Papua New Guinea

Many lack financial literacy skills: Trainer

Thomas Honga and Dr. Francis Odhuno giving their report findings recently. Photo: PNGNRI
May 18, 2021 by toksavebot, Post Courier Online | BY PATRICK TOM Many people in the macro small to medium business space still lack financial literacy skills thus it is important to undergo these training for growth and success. Professor Binta Abubakar of Oshoma Business Consultant said 85 per cent of the MSMEs are women doing business... more →
Posted in: Papua New Guinea

Media Release: BSP Reduces Equity on SME Credit Enhancement Scheme Loan

MEDIA RELEASE | WEDNESDAY 12th MAY, 2021 BSP PNG | Owners of Small to Medium Enterprises in Papua New Guinea can now access the National Government supported loan facility – SME Credit Enhancement Scheme Loan at the BSP Financial Group Limited (BSP) with a lower equity requirement and higher maximum loan amount effective immediately. BSP... more →
Posted in: Papua New Guinea

NCSL declares profit, pays members K12m (6%) in interest

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 →
Posted in: Uncategorized

PM Marape urges UPNG graduates to be job creators, not seekers

Prime Minister Hon. James Marape has encouraged graduating University of PNG (UPNG) students to get into self-employment. He said this when addressing the 65th UPNG Graduation at the Sir John Guise Stadium in Port Moresby today in which 396 students from the School of Business and Public Policy graduated. More students... more →
Posted in: Papua New Guinea

Pointers for SME participants, By East Sepik Governor Allen Bird

As the Government makes available record funding into the SME sector, I think it’s prudent that some pointers be provided for those who might be excited and rushing headlong into this space. Be aware of who your clients are: If your clients are local, the local economy has shrunk by K10 billion. We are in... more →
Posted in: Papua New Guinea