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At the end of 2007, Nambawan Super Ltd reached K2 billion mark in total assets, indicating 40% growth and a new record level for the fund.
- Also, Nambawan Super received K250 million from the Government of PNG to settle part of its Unfunded Liability from proceeds available from the state's unbudgeted budget surplus.
- New Kiosks locations, working along with POST PNG.
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The property portfolio of the Fund constitutes commercial, residential, industrial and vacant land. Total portfolio was valued at
K193.4 million, which constitutes 12.8% of total portfolio and is within the sector range of 10% - 30% as required in the investment
strategy. The property portfolio when compared to 2005 increased by K31 million or 19%.
Property portfolio experienced significant activity in 2006 with the implementation of the Facility Management exercise and the
approval of some major new development and redevelopment projects.
Additional approvals for major new development and redevelopment projects are aimed at the current market demand and the
prevailing conducive investment environment. However, these activities are guided by the requirements set out in the Fund’s
Investment Strategy and are aimed at diversification as a means of risk management.
A number of redevelopment projects are also in the planning stage and we are committed to fully implementing them with support
from all service providers. It is anticipated that some of these projects will continue into the next financial year.