Tuesday, May 05, 2015

Post PNG pays first dividend in 26 years

Prime Minister Peter O'Neill  has called for Post PNG to continue to do their best to ensure Papua New Guineans in remote locations continue to have ongoing access to quality postal services.
Speaking to workers and management at the Konedobu Post PNG facility yesterday, the Prime Minister officially launched three new Post PNG products and witnessed the first dividend cheque being paid by Post PNG in more than 26 years.
PM O'Neill said postal services around the world are facing pressure as people turn to the Internet for sending correspondence, however, in Papua New Guinea the traditional letters and parcel service remains of vital importance and must be maintained.
"As people now tend to send their mail through email and online services, the first business to suffer is the postal services," the Prime Minister said.
"We all know the challenges that Post PNG has been going through, both in terms of restructuring itself, and trying to establish its business under these challenging circumstances.  It has not been easy.
"As government, we have support PNG Post adapting into this new business environment.
"This is why we placed additional capital into PNG Post, and as a result, can see that postal services and related businesses are starting to deliver better outcomes.
"It is pleasing to note that Post PNG is turning the corner and improving the quality of services that it provides to the people of Papua New Guinea."
The Prime Minister further asked Post PNG employees present at the ceremony to continue to work together in strengthening the level of service they provide to the people.
"We are very proud of what you do. 
"I know it is not easy being in a business that is facing such challenges, but thanks to your efforts, all of you working together as a team, you are delivering new results for PNG Post."
While at the Konedobu compound, the Prime Minister launched the business E-Commerce project, the 2014 Annual Stamp Album, opened an airfreighted bonded warehouse for storage of goods, and witnessed the presentation of the K300,000 dividend payment to the Independent Public Business Corporation (IPBC).

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