Bank South Pacific

The Bank opened its vault today with a K15,000 cheque for the October 13-14 conference.

“There is also the need for local auditors to keep abreast with business processes, strategic initiatives, technology and risks which challenge the audit profession, and therefore (BSP is) pleased to support this conference,” BSP audit manager Agnes Arua said.

BSP 10 internal auditors will be joining other 150 IIA - PNG financial members for the conference.

Conference Committee Chairman and Treasurer, Pais Noki, thanked BSP for its continued support.

Chairman, Sir Kostas Constantinou when announcing the payment today said the Board of Bank South Pacific had approved the Interim 2016 Financial Statements for the six months ended 30 June 2016 where an interim group profit after tax of K301.4 million was announced which was an increase of 12.9% on the corresponding period in 2015.

The interim dividend of 25 toea per share represents:

“In recent months, hoax text messaging has increased due to the wide availability of mobile phones,” the bank said in a statement.

“Scammers also have been calling customers, claiming they are from BSP and advising them they have won a cash prize.  

“Furthermore, there are fraudsters who claim to represent BSP and facilitate loan processing with a commission charged for their services.”

BSP’s Port Moresby and Boroko branches teamed up to deliver the project to City Mission and Haus Ruth,  because of the organisation’s dedication towards helping women and youth in Port Moresby.

Port Moresby branch renovated and repainted Haus Ruth’s kitchen, built  the footpaths and bought new materials for the women to sew curtains for the common hall.

The team also purchased new cooking pots, pans, rice cookers and kitchen utensils.

Branch staff volunteered two weekends to help in cleaning up, painting, and cementing the footpath.

The project was undertaken by Buka branch staff with help from a local contractor and members of the community. 

The project took two months to complete and was handed over on Saturday 19th December.

BSP staff volunteered over the weekends to get their hands dirty with cleaning around the area, dismantling the old stage, carpentry work, installing sheet of roofing iron and finally giving the new stage a fresh coat of paint.

Students and staff can now enjoy a decent game of basketball.

The institute’s deputy director, Caroline Yariyari, thanked BSP for the effort and said teacher education was not confined to classrooms, but also extends to extra curricula activities, such as sports.

The project, completed by the BSP Gordon Premium Centre team, took four weeks to complete and involved staff doing  general cleaning, patching and painting the concrete floor, painting hoops and boards.

Friday November 13th - is when the BSP Annual Go Green School Clean Up Day will be held.

The clean-up will be held across PNG, and in parts of Fiji, Solomon Islands, Cook Islands, Samoa and Tonga.

Participating students will be educated on the importance of the environment and how they can be responsible.

After the pep talk the students will put theory into practice and get their hands dirty by cleaning their school communities.

The community is free to join local schools that have already registered.

Bank South Pacific (BSP) gave K10, 000 sponsorship backing to the UPNG MBA pinnacle program.

 It will be held at the UPNG campus on the 9th of November.

The pinnacle aims to provide a platform for MBA candidates to present what they have learnt and also market the course to potential students.

Pinnacle coordinator Suresh Babu said the event will provide an avenue for organisations to obtain information on research topics that will be presented by MBA students.

Mr Babu, thanked BSP for the support to host the one day event.

She is Samantha Vulum who is sponsored by Bank South Pacific (BSP) with a sponsorship of K15 000 towards the pageant.

Vulum is a staff member of BSP employed as a corporate administration officer and has offered her time and effort to participate in the pageant.

The 23 year old from West New Britain and Central Province parentage decided to join the pageant to support the MPIP PNG to raise funds for scholarships for girls.

“I want to help to assist girls to complete or continue their education in tertiary institutions throughout the country,” she said.

Manam Resettlement Bill expected in parliament

http://www.looppng.com/content/manam-resettlement-bill-expected-parliament

Madang Governor Jim Kas is expected to table a bill for the creation of the Manam Resettlement Authority.

Medical Faculty upgraded

http://www.looppng.com/content/medical-faculty-upgraded