BANK South Pacific (BSP) Ltd will apply to the Investment Promotion Authority (IPA) to change its company name to Bank South Pacific Financial Group Ltd, says chief executive officer Robin Fleming.
Fleming said this was to meet a requirement to allow it to be listed on the Australian securities exchange (ASX).
He said companies could not be registered in Australia with the word “bank” as part of its company name unless they were regulated by the Australian prudential regulatory authority (Apra).
A THIRD mobile service operated by Digitec Communications Ltd will enter PNG market before end of the year, PNG Information and Communications Technology (ICT) Minister Timothy Masiu says.
Masiu said this following a visit to Digitec’s head office in Waigani, Port Moresby recently.
Presentations by Digitec’s chief executive officer Pradeep Lal and chief technical officer Justine Prakash highlighted that the construction of over 1,100 towers was set to be completed and, once in full operation, would see up to 1,000 new jobs on the market ranging from sales and marketing, to engineering and ICT-specific jobs.
THE PNG Independent Consumer Competition Commission (ICCC) says it has received an authorisation application from Kina Securities Ltd (KSL) on its proposed acquisition of Westpac’s Pacific business.
Commissioner and chief executive officer Paulus Ain said ICCC would assess the competition effects and public benefits of the acquisition through the authorisation process for a final determination.
This will be done through a public consultation process in which submissions from stakeholders and the general public will be received by the ICCC for a final determination on whether to authorise the acquisition under the ICCC Act.
KINA Bank says it has seen a rise in the number of home loan applications after launching its priority customer offering Prime late last year, attracting a significant amount of customer attention.
Head of Prime customers Yawetau Salem, said with Prime, customers not only received a low three-year fixed home loan rate of 5.47 per cent per annum, but were also entitled to a three-year fee free visa debit card with no monthly and annual fees.
Salem said specially designed with distinctive features, the visa debit card immediately identified a customer’s Prime status.
The Arktika-M will provide round-the-clock continuous monitoring of the northern territory of Russia and the seas of the Arctic Ocean.
MOSCOW, Feb. 28 (Xinhua) -- Russia successfully launched its first "Arktika-M" satellite on Sunday to monitor the Arctic's climate and environment, the Russian state space corporation Roscosmos said in a press release.
A Soyuz-2.1b carrier rocket with the satellite on board blasted off from the Baikonur Cosmodrome in Kazakhstan at 09:55 a.m. Moscow time (0655 GMT), Roscosmos said.
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