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News In PNG Papua New Guinea News Only, We Repost extensive breaking news and national interest stories.

Seriously Post Courier You Should Wait For Health Minister To Release The Official Press Statement
16/04/2020

Seriously Post Courier
You Should Wait For Health Minister To Release The Official Press Statement

PNG FUNDS ANNOUNCE ASSISTANCE TO WORKERS AFFECTED BY COVID-19The Authorized Superannuation Funds of Papua New Guinea, AS...
07/04/2020

PNG FUNDS ANNOUNCE ASSISTANCE TO WORKERS AFFECTED BY COVID-19

The Authorized Superannuation Funds of Papua New Guinea, ASF, has announced that members whose employment is terminated by their employer as a direct result of COVID-19 will be entitled to a one off payment of 20% of the members own contribution up to a maximum of K10,000.

This amount would be tax free to the member.

This will become effective as soon as the appropriate legislative amendment to the Superannuation General Provisions Act is approved by Parliament. This is work in progress.

The ASF including NASFUND, Nambawan Super, Comrade Trustee Services and Aon Master Trust, in consultation with Bank of PNG support the Government’s announcement to enable financial assistance for affected members who lose their employment directly due to COVID-19

The funds say if the member remains unemployed after 3 months, they will be eligible to receive a monthly unemployment payment equivalent to 50% of their last monthly salary which is already provided for under the Superannuation General Provisions Act.

The ASFs anticipate that job losses as a result of COVID-19 will result in benefit payments of more than K500 million over the course of 2020, in addition to what is already paid in normal unemployment and housing advance benefits.

This also include members who may opt for retirement as employers address the COVID-19 impacts.

The funds say it is expected that whilst some members will look to utilize these benefits in their Retirement Savings Account, some members will choose to invest in their families, whilst some may start up SMEs, all of which will help stimulate economic activity as well as increase the level of taxation received by the State.

The Authorized Superannuation Funds of Papua New Guinea, ASF, has announced that members whose employment is terminated by their employer as a direct result of COVID-19 will be entitled to a one off...

PNG Man Becomes Eleventh Case of Covid-19 in LaosA man from Papua New Guinea has tested positive for Covid-19 in Laos, m...
05/04/2020

PNG Man Becomes Eleventh Case of Covid-19 in Laos

A man from Papua New Guinea has tested positive for Covid-19 in Laos, making him the eleventh case confirmed in the country.

The 55-year-old man, a citizen of Papua New Guinea, is an employee of Phu Bia Mining.

The man exhibited symptoms of Covid-19 including coughing and difficulty breathing and was subsequently tested at Vientiane’s Mittaphab “150 Bed” Hospital, one of the hospitals designatedfor coronavirus testing.

The man had traveled to Laos from his home in Papua New Guinea via Singapore on 22 March, then transited through Thailand on 23 March, before staying at the Crowne Plaza Hotel in Vientiane Capital. From there he traveled to work at Phu Bia in a minivan with eleven other passengers.

A man from Papua New Guinea has tested positive for Covid-19 in Laos, making him the eleventh case confirmed in the country.

31/01/2020
31/01/2020

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