Pacific Balanced Fund

Court stays decision to remove MTSL as trustee

MTSL, a trustee of the Pacific Balanced Fund, is a private equity trust for 20,000 Papua New Guineans, worth a total value of K540 million.

Melanesian Trustee Services Limited filed the appeal on 12 September, challenging a number of decisions made by the Securities of Commission of PNG. 

Miss Pacific Islands presents K50,000 to Fiji

Havora presented the donation on behalf of Pacific Balanced Fund / Melanesian Trustee Services Ltd towards the cyclone victims.

She also presented a donation of K2,000 from the Miss Pacific Islands Pageant PNG to the Fiji Cyclone Appeal.

"We witnessed from afar the devastating effects that the cyclone left behind and we had nothing much to offer but our solidarity and prayers for our Melanesian brothers and sisters out there.