Kumul Consolidated Holdings

PNG Loop 5@5

Raiders sign PNG star

http://www.looppng.com/content/raiders-sign-png-star

The Canberra Raiders have signed Papua New Guinean star Kato Ottio for the next two seasons the club announced on Friday afternoon.

Nasfund to pay K144m dividend to members

http://www.looppng.com/content/nasfund-pay-k144m-dividend-members

SOE assets triple in three years says Nerau

KCH was formerly known as the Independent Public Business Corporation (IPBC) and managed all State- Owned Enterprises (SOE).

Nerau commented during the official handover ceremony for the outgoing Minister for Public Enterprises and State Investments Ben Micah, to incumbent William Duma in Port Moresby today.

He praised Micah on his performance and welcomed Duma to the ministry.   

Reiher: Expand our airports

Speaking during a dividend payment of K20 million to the State through Kumul Consolidated Holdings cheque presentation by Air Niugini last night in Port Moresby, Sir Frederick acknowledged the support from the Prime Minister and Kumul Consolidated Holdings for their continuous support to Air Niugini to deliver a sound profit and a good dividend to its shareholder.

Wharfies stop work over stevedoring deals

Armed with banners of stop work, the workers lead by the Maritime Union President Alex Rawali turned up  at the Port Moresby wharf gate this morning to show their intention.     

Their disagreement is similar to their striking counterparts in Lae, Morobe Province where they want PNG Port and the Government to relook at the tender process of awarding stevedoring businesses in two of the nation’s busiest ports.   

After the ending of the tender process four international companies have been shortlisted for the process.             

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Kumul Consolidated Holdings to be launched in December

http://www.looppng.com/content/kumul-consolidated-holdings-be-launched-december

Kumul Consolidated Holdings will be launched officially on in December.

40th Pacific maritime Conference underway

http://www.looppng.com/content/40th-pacific-maritime-conference-underway

Kumul Consolidated Holdings to be launched in December

Kumul Consolidated Holdings (KCH) is the predecessor of Independent Public Business Corporation.

"This follows the recent introduction of the IPBC/ KCH Amended Act, making way for the formation of three (state owned) entities responsible for the sovereign wealth fund," Chairman Paul Nerau says.

The three entities that will be responsible for revenue from the mining and petroleum sectors and also all state own entities are, Kumul Petroleum Holdings, Kumul Minerals Holdings and Kumul Consolidated Holdings.