 Kina Bank Addresses Transfer Issues Affecting External Bank Transactions Kina Bank has informed customers that it is currently addressing an issue impacting transfers from Kina Bank accounts to other banks using Kina Konnect, WhatsApp Banking, future-dated Corporate Online Banking transfers, and Standing Orders. The bank clarified that transactions between Kina Bank accounts remain unaffected by this issue.  Vodafone Limited has unveiled its Independence Day Anniversary promotion, valued at over K490,000, marking its latest initiative in Papua New Guinea. The six-week campaign, kicking off this week, features a major prize with four winners each receiving K49,000. Additionally, sixty winners will be awarded K4,900 each in weekly draws.
Information and Communication Technology Minister Timothy Masiu praised the promotion for embodying national spirit and unity. Masiu highlighted Vodafone’s rapid expansion, noting the company’s extensive network coverage across all 22 provinces with 800 towers, and its contribution to telecommunication development. The United Nations Ad Hoc Committee (AHC) has successfully concluded its meeting with the agreement on a Draft United Nations Convention Against Cybercrime. The draft, finalized during the reconvened session held from July 29 to August 9, 2024, will soon be presented to the UN General Assembly for formal adoption. The convention aims to enhance international cooperation in tackling cybercrime and facilitate the sharing of electronic evidence related to serious offenses.
This breakthrough comes after an earlier attempt earlier this year did not succeed. The new convention is expected to provide a robust framework for combating crimes perpetrated through information and communications technology systems.  A young Papua New Guinean has introduced a prototype for a revolutionary PNG Biometric Voting Application and Centralized Data System aimed at combating election fraud and improving service delivery in the country.
Dixon Kumis, a 30-year-old entrepreneur and software developer from Papua New Guinea, has unveiled a prototype for the PNG Biometric Voting Mobile Application, designed for future elections in the country. The application is part of a broader centralized system that will integrate essential institutions, including hospitals, schools, and police stations. Mr. Kumis emphasized the importance of a locally developed application, stating, “PNG Biometric App must be created by a Papua New Guinean that understands our people, culture, and processes.” He argued that local expertise is crucial for understanding the unique needs and circumstances of Papua New Guineans, rather than relying on foreign solutions. High Data and Internet Costs Hinder Business Growth in PNG, Chief Trade Officer Highlights7/31/2024
 High Data and Internet Costs Hinder Business Growth in PNG, Chief Trade Officer Highlights The high cost of data and internet services in Papua New Guinea has been identified as a significant barrier to business growth, particularly impacting Micro, Small, and Medium Enterprises (MSMEs). Richard Yakam, Chief Trade Officer, highlighted this issue during the 2024 Business Regulators Summit in Port Moresby, emphasizing that it should be a key consideration for regulators when developing recommendations to enhance trade facilitation.
Yakam stressed the critical role of digital trade in the modern economy, noting its importance in both global supply chains and the online sale of goods and services. “As the digital economy expands, digital trade becomes increasingly vital, offering substantial opportunities for economic growth and supporting our SMEs in the private sector,” he said. |
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