Nambawan Super Limited

Nambawan Super Wabag branch reopens

The branch has been relocated to the ground floor of Bettel Building to improve member access to superannuation services. Raphael Taiman, Director Corporate Services with the Enga Provincial Administration, joined NSL CEO Paul Sayer and staff of NSL Wabag Branch in opening the office.

NSL supports Midwifery Symposium

The recent symposium took place in Port Moresby and hosted nearly 200 midwives from across PNG, many of whom are Nambawan Super Members.

The NSL team set up an information booth and had the opportunity to talk to participants about the importance of superannuation, and the products and services offered by NSL.

NSL supports tax awareness

The awareness focused on educating registered taxpayers about how to complete and submit tax returns and documents to the IRC, keep proper business records, calculate their taxes and what taxes need to be paid. 
It also covered practical aspects of Company Income Tax, Goods and Services Tax, Salary and Wages Tax and the IRC’s Tax Services. 
The NSL Team set up an information booth and had the opportunity to talk to participants about the importance of superannuation for individuals and business owners. 

Kumul Hotels and NSL renew partnership

NSL members, with membership ID cards, can now enjoy a generous 20% off Best Available Accommodation Rates at both the Holiday Inn & Suites and Holiday Inn Express with an exceptional 15% discount on the food and beverages on offer at the Kopi Haus Restaurant and Gekko Bar.

Area General Manager Mauro Leone, when signing the agreement, expressed that Kumul Hotels Ltd has always maintained a strong relationship with Nambawan Super. The Discount Partnership provides an opportunity to connect with the Fund’s members through their excellent service offerings.

New members join Choice Super

The new members are casual employees with Milne Bay Welding Supplies, Island Trading and Construction, and Racer Replacement Parts.

These three new employers now join several businesses that are prioritising the well-being of their casual staff by helping them to build a better future after retirement, with Choice Super.

The new members join 19,000 Choice Super members that receive the full benefits available to all Nambawan Super members.

NSL Signs Up To Mobile Banking

Choice Super members at Nambawan Super can now make payments from anywhere in the country with ease through Bank South Pacific’s 24-hour mobile banking service. 

Nambawan Super CEO, Paul Sayer encouraged Choice Super members to utilise the service by quickly signing up for BSP’s mobile banking at their nearest BSP branch. 

“Once you’ve signed up, you can deposit into your Choice Super account by dialling *131# from your Digicel or Bmobile phones, which is more convenient than commuting every fortnight or month to make a super payment,” Mr Sayer said. 

9 Mile Land Holdings

The Project Manager’s appointment has been extended and they are continuing with face-to-face engagements with settlers, NCDC and the State about the next phase.

During the past 3-months, the Project Manager has engaged with all stakeholders in the hope of reaching a win-win resolution for NSL and squatters at 9-mile that would allow settlers to remain on site through a land swap.

NSL expects asset value improvement

The Fund witnessed key assets drop in value significantly during 2020, a direct result of the nationwide lockdown imposed to restrict to the widespread transmission of COVID-19.

NSL is optimistic that these assets can bounce back as the economy improves.

On March 31st, Nambawan Super Limited announced a net profit of K89 million from its 2020 financial results, an 82.3 percent decrease from its 2019 result of K504 million.

Kitchnoge takes top NSL Investment Job

Kitchnoge is a well-respected and experienced professional who brings close to 20 years’ experience in PNG’s financial sector to the role.

A seasoned investment professional, Kitchnoge established his career with more than 10 years at Deloitte, and then 6 years gaining diverse experience with some of PNG’s biggest businesses including as Head of Research & Advisory with Kina Funds Management, the Licensed Investment Managers for Nambawan Super.

‘Employer Boost’ to benefit employees

This was made possible when their Employers signed up for an ‘Employer Boost’ with Nambawan Super, topping up their compulsory 8.4% employer super contributions, with additional contributions of up to 15% for each staff member.

Nambawan Super applauded the gesture by the Employers: Full Link Limited (56 staff), Great Value Limited (19 staff), F6 Services (16 staff), Synergistic Investment Limited (16 staff) and Yang Guang Limited (27 staff); that will help to restore business confidence and staff trajectory towards a comfortable retirement.