Waigani Central

Forex issue to delay Stop ‘N’ Shops reopening

CPL Group Chairman, Mahesh Patel, tells Loop PNG that a lot of the equipment needed such as refrigeration and bakery equipment is imported from overseas. And with the country’s forex issues, suppliers are asking for cash payment up front.

“A lot of the suppliers want cash up front, which we are able to give them a fixed timing. If the funds were available we say ‘okay here’s your 10 percent or 30 per cent deposit, start manufacturing.’ So they wont start manufacturing the equipment until we give them a deposit,” Patel said.

Paradise cinema loses more than K2000 to robbers

An eyewitness said the six men arrived at the cinema in a grey Toyota Camry. Around 7.50pm, five of the men started entering the building at approximately one to two-minute intervals.

They went into cinema two, which was showing Kung Fu Panda 2. About 30 minutes into the movie, they all came out of the room where one of them pretended to order a drink.