Gordon Clinic receives BSP support

Thanks to BSP's Retail head office and BSP First teams, the clinic has undergone a remarkable transformation with the addition of two new consultation rooms, valued at K120,000.

This is to enhance healthcare accessibility as BSP Financial Group spearheaded a project at the Gordon Clinic, marking a milestone in community development and corporate social responsibility.

Inflation concerns persist in BSP’s Pacific markets

BSP Group CEO, Mark Robinson indicated that this trend is fueled primarily by the rise in imported goods, including essential consumer items and fuel.

Mr. Robinson noted that legislative amendments have also impacted inflation rates, especially in Fiji and Vanuatu. Fiji has seen inflationary pressures due to increases in Value-added Tax (VAT) and customs duties.

Meanwhile, Vanuatu is experiencing potential inflation risks this year due to a significant minimum wage increase and recent supply chain disruptions caused by natural disasters.

BSP builds new ablution block for school

For the past 12 years, the 800 students at Jame Primary School have grappled with inadequate facilities, resorting to pit toilets, which posed significant health risks to both students and the surrounding communities.

Recognizing the urgency of the situation, BSP's Wewak Branch Manager, Philip Solala, spearheaded a four-week project aimed at revamping the school's ablution block and installing a new water tank for drinking and general use. 

BSP, Moore Printing in PCNC final decider

In yesterday’s match of the premier division, Bank South Pacific after recovering from its loss in week one of the semifinal held off Nambawan Super Limited 23 points to 13 to set up the grand final stage against Moore Printing.

The BSP team came strong, firing on court both in attack and defense holding onto their lead through to the end. They are expected to continue this superb form heading into their grand final. 

BSP Boosts Hiri Moale Festival

The cheque was ceremoniously presented to the festival's organizing committee today, Friday, 1st March 2024, at Ravalian Haus in Port Moresby by BSP Group Chief Executive Officer Mark Robinson.

Rooted in the historical trade voyages between the Motuan people of Central Province and those of Gulf Province, the Hiri Moale Festival stands as a testament to Papua New Guinea's rich cultural tapestry. Featuring traditional dances, exhilarating canoe races, and captivating handicraft displays, the festival embodies the essence of Motuan heritage.

Inflation a concern for importers

BSP Group CEO, Mark Robinson said in a recent media release that depreciation of the PGK/USD midrate will benefit exporters as they receive more PGK for their goods, whilst importers will see higher prices as their cost-per-kina increases when purchasing goods overseas to bring into PNG.

“A short-run risk of the PGK/USD depreciation is the potential impact on inflation levels for consumers, while the economy may benefit when the exchange rate system operates effectively without the need for interventions” said Mr. Robinson.

BSP refutes social media claims

Chief Executive Officer Mark Robinson, in a statement, said these allegations and statements made regarding BSP and its employees are untrue, and defamatory.

He said BSP has and will continue to make its own enquiries, and has referred matters to relevant law enforcement agencies where appropriate.

“BSP is ensuring the Bank of Papua New Guinea is kept fully informed regarding this matter.”

Mr Robinson stressed that BSP will not tolerate abuse or inference of wrongdoing when officers are acting in the course of their duties.

Ambunti gears up for Sepik River Festival

The highly anticipated festival, scheduled to take place from the 5th to 7th of August, is set to highlight the cultural significance of crocodiles to the Sepik community.

BSP Financial Group Limited (BSP) has reaffirmed its commitment to preserving and promoting cultural heritage by pledging K30, 000 to the event.

The three-day event will be a vibrant celebration of the Sepik River's crocodiles and their importance to the communities living along its banks.

Marape reassures of full report into banking glitch

His questions stem from the recent banking glitch experienced by BSP Group, which affected banking services for members nationwide.

Lelang stated that complaints about the quality of services offered by the country’s commercial banks were mentioned over the last year, especially the many fees charged from the services provided, banks sold or partially sold in recent times, and the extra money found in bank accounts and money lost; the non-improvement of mobile banking, internet banking, and long ques.

BSP PNG rolls out new system

During the training sessions, agents are being informed about the changes that will occur with the new system, which is scheduled to be implemented next month.

Under the new system, BSP Agents will no longer utilize EFTPOS to facilitate customer transactions. Instead, they will utilize tablets to carry out customer transactions.

Customers will no longer be able to use BSP cards to transact at an Agent; they will use a mobile phone instead.