Nambawan Super officially opened its recently relocated Daru Branch today, as part of its continued focus on improving Member access to superannuation services in rural centers around the Country.
Media Release
2022 a challenging year
Nambawan Super Limited (NSL) continues to look at opportunities to mitigate the adverse effects of a very volatile global economy as some of the Fund’s investments struggle to cope amid the tough economic challenges in 2022.
Nambawan Super Board welcomes Mr Philip Samar
Nambawan Super Limited (NSL) Chairman, Mr Reg Monagi, today announced the appointment of Nambawan Super’s newest Independent Trustee Director Mr Philip Samar.
Member encourages peers to save
Nambawan Super is the only savings most public servants have for their retirement. Many public servants in Milne Bay and elsewhere in PNG do not have a backup for retirement. Nambawan Super provides the best investment to help them when they are no longer working.
Nambawan Super Trainee Directors complete program
Nambawan Super is pleased to announce that its second cohort of Trainee Directors have successfully completed their two-year development program.
State pays K30 million to NSL
Nambawan Super Limited (NSL) confirms that it received an additional K30 million from the State on Friday, 7 October 2022, towards the settlement of its rental arrears owed to the Members of Nambawan Super. This brings the total amount paid by the State to K82 million.
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NSL investment outlook for 2023
NSL expects 2023 to be another tough year for the Fund’s off-shore and local investments due to the continued unfavourable state of the global economy. NSL CEO Mr. Paul Sayer said in a radio interview last week that “this year is appearing to present more of the same...
NSL 2022 Performance
In 2022, NSL saw several of its investments come under pressure due to a combination of high inflation, supply chain disruptions, rising fuel, and energy prices, the introduction of the Additional Company Tax on the BSP Financial Group, rising interest rates from...
