MD`s CORNER - ndb.com.pg

NATIONAL DEVELOPMENT BANK
Monthly Newsletter
MD’s CORNER
Hello and welcome to the February
release of the NDB Insider.
The month of February has
certainly been a busy but eventful
one for the Bank beginning with the
launching of the new SME Policy
and Master Plan that was officially
launched by Prime Minister Peter
O’Neill, CMG.
The SME Policy outlines a plan for
the Government to grow Small to
Medium Enterprises (SMEs) from
49,500 to 500,000, create 2 million
jobs, increase citizen ownership
of the economy from 10% to 70%
and increase the Gross Domestic
Product (GDP) contribution of SMEs
from 6% to 50% by the year 2030.
INSIDE
NDB was a co-host to the SME
Policy launch along with the
Ministry of Trade, Commerce and
Industry and the Small to Medium
Enterprise (SME) Corporation.
The
event
attracted
an
overwhelming
number
of
attendees from Cabinet Ministers
to the Members of Parliament
(MPs), Heads of Departments, the
Diplomatic corps, sponsors and
most importantly our SMEs.
New SME Policy Launched
SME Policy Win For All PNG SMEs
NDB Hosts Managers Conference
Bank Finances Water System
Faith Page, Birthday List and
Health Tip
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3
4
5
The NDB INSIDER is a monthly publication to
keep NDB staff abreast with what is happening
with NDB and from the banking. We encourage
the branches to send in their stories, developments and other related issues with photos to
be included in the next issue.
Email your contributions to:
[email protected]
[email protected]
[email protected]
The event ended on a high note
and concluded the SME summit
for 2016.
NDB also held its annual managers
conference at the Lamana Hotel
in Port Moresby.
As you know the managers
conference is held in the month
of February where all our
Managers from the Head Office
to the Branches meet to discuss
operational plans for the New Year.
Issue 02
February 2016
The two day event concluded
with the presentation night where
various staff, Departments and
Divisions were awarded for their
outstanding
performance
in
2015. Well done to all those who
received awards!
This year, will undoubtedly be a
challenging year for all of us with
new targets to be achieved and
more expectations. I encourage
you all to stay focused on what lies
ahead of us and lets work together
to achieving these targets.
I would also like to re-emphasize our
focus for this year which is Customer
Service. Lets be reminded that we
are all ambassadors of the Bank
and each have an element of
customer service provision within
our responsibilities. Simple things
like carrying out your work with a
smile, showing politeness when
speaking to fellow colleagues or
customers and lending a helping
hand where needed. These simple
things make a big difference and
contribute to achieving good
customer service both internally
and externally.
In this edition of the NDB Insider,
we take a look at the launching of
the SME Policy held at the Sir John
Guise Stadium Indoor Complex,
the managers conference 2016
and many more.
Happy Reading & God Bless!
Max Kairu
Acting NDB Managing Director
The INSIDER
New SME Policy Launched
Caption: Prime Minister and SME Council Chairman, Hon. Peter O’Neill giving the keynote address at SME Policy Launch.
Insert: Prime Minister Hon. Peter O’Neill with young Elijah Ilaitia at the unveiling of the SME Policy.
“Despite the vast natural endowments
and unprecedented economic opportunities we have had over the last 40
years, we as a Nation are yet to experience real prosperity and economic independence.”
and women joining the labour force every year and also reflected a high dependency of the aging population on
the family of their sustenance and welfare at the household level.
These words were echoed by the Prime
Minister and Chairman of the SME Council, Hon. Peter O’Neill, during the launching of the 2016 SME Policy and Master
Plan at the Sir John Guise Stadium Indoor
Complex.
He made reference to the 2011 summit
in Kokopo and 2013 summit in Madang
stating that in both gatherings, all evidence gathered supported the view
that the Government needed to review
the SME Policy and support the SME sector as the primary growth for this country.
Mr. O’Neill said the current development
indicators placed Papua New Guinea at
the bottom of the pile in critical areas
such as health, education, employment,
law and order and access to basic
goods and services in the rural areas.
“After taking into consideration the concerns of our people, my Government
has decided to review the SME policy
with a view of supporting the SME sector
as a primary engine for growth in PNG.”
Mr. O’Neill said.
He said the country’s economy was
characterised by a high dependency
ratio of 66.8% which meant that more
than half of our population were dependent on the others in the active labour
force age group to sustain their livelihood.
He said the sector held a lot of promises to create opportunities for the people to be engaged in productive work,
self-employment and other money earning opportunities along with a long term
economic base for the country’s economy.
He further said that the high dependency rate reflected poorly on our capacity
to educate and train youth, generate
employment opportunities at entry level
for the growing number of young men
Mr. O’Neill described the new SME Policy as a visionary and transformational
framework. “It provides the space for
Government and non-government sectors, financial institutions, development
partners, private sectors and our indigenous business men and women to work
together in our growing economy.”
He said the collaboration will go a long
way towards creating domestic demand for work, expanding opportunities
for self – employment, reducing barriers
to small businesses hedging, widen the
revenue base of Government and improving household income levels.
“This policy has created a set of economic objectives that the Government
wishes to achieve over the next 15 years
that include increasing the number of
small to medium enterprises (SMEs) from
49, 500 to 500, 000 and hence increasing
employment from 291, 346 to two million.
In addition to this, the ownership of businesses in the formal economy by PNG
citizens should be increased from the
current level of 10% to 40% and should
increase SME contribution to GDP from
6% to 50%.” Mr. O’Neill said.
“By setting a solid basis for sustainable economic growth, PNG can truly become a smart, wise, fair, happy
and healthy society by 2050.” Mr.
O’Neill said.
February 2016 Issue | 2
The INSIDER
SME Policy Win For All PNG SMEs
The Managing Director of the National Development Bank, Moses
Liu has described the launching
of the Small to Medium Enterprise
Policy and Master Plan 2016-2030
by the Prime Minister as a major
win for all Papua New Guinean
SMEs.
The policy, which is the brain child
of Minister Trade, Commerce and
Industry Hon. Richard Maru, outlines an ambitious plan for the
government to grow SMEs from
49,500 to 500,000, create 2 million jobs; increase citizen ownership of the economy from 10% to
70% and increase Gross Domestic Product (GDP) contribution of
SMEs from 6% to 50% by the year
2030.
NDB was a co-host of the summit
dinner together with Ministry of
Trade, Commerce and Industry
and the Small to Medium Enterprises Corporation.
Mr. Liu thanked all the sponsors
who contributed to making the
launch a success and all SMEs
who had contributed towards the
Caption: Young Elijah Ilaitia unveiling the new SME Policy, Master Plan and
Summary at the SME Policy Launching.
development of the policy and
master plan through their input at
various NDB hosted events like the
2011 Kokopo Indigenous Business
Summit, the 2013 Madang SME
Summit, the 2015 Entrepreneurial
Youth Summit and various consultative workshops held around the
country coordinated by the Department of Trade, Commerce
and Industry.
Mr. Liu said NDB was truly an SME
bank, having lent over K400 mil-
NDB Hosts Managers Conference
lion to SMEs in the last 5 years at
the concessional interest rate of
6.5% since 2013 that had helped
thousands of SMEs grow and impact the nation through employment and wealth creation for our
people.
He further thanked the Prime
Minister for committing to fully fund the SME Policy through
NDB and its subsidiaries to grow
this sector.
The National Development Bank
recently held its annual managers conference from the 25th –
26th February, 2016 at the Lamana Hotel in Port Moresby.
In attendance were the Head
Office Management team and
Regional and Branch Managers from the provinces who had
all flown in to attend the conference.
The purpose of the conference
is to discuss operational plans for
the New Year.
Caption: NDB Managing Director, Moses Liu giving his presentation during the
recent Managers Conference at the Lamana Hotel, Port Moresby.
Awards
Name
2015 Top Performing Employee of the Year
Ravu Sam
2015 Top Performing Head Office Manager of the Year
Allen Tom
2015 Top Performing Branch of the Year
Mendi Branch
2015 Top Performing Branch Manager of the Year
Tim Lafana
2015 Top Performing Regional Manager of The Year
Lui Masti
2015 Top Performing Department of the Year
Human Resource
2015 Top Performing Division of the Year
Lending
2015 Top Performing Division of the Year
Accounting & Finance
The two day event concluded
with the highlight of the conference which was the award
night that saw various staff, departments and branches receive
awards for their outstanding performance in 2015.
(L) The list of awards and the recipients:
February 2016 Issue | 3
The INSIDER
Bank Finances Water
System
old airstrip where transport
and small passenger aircraft
used the airstrip for emergency landings. Today it is home
to nearly two thousand settlers with more people acquiring land.
Seeing the need for water in
order for the project to eventuate, Mr. Yapa sought financial assistance from the Bank
to construct a bore water
system to be connected to
the shed that will house the
chicks.
The bore water system has
been fully complete and is
now awaiting phase two of
the project which is the installation of the feeders and
drinkers and the delivery of
the day old chicks with sales
expected in June this year.
Ms. Kaman said this experience defines job satisfaction
at its best. “The Bank is making
a difference in people’s lives
and this project is considered
special as it will have big economic impact on the people
living in this area.”
NDB Lae Manageress, Nathalie Kaman and long serving staff Jack
Rava turning on the tap the new bore water system funded by the
Bank.
The National Development
Bank (NDB) staff in Lae, Morobe Province recently visited
the Nadzab New Camp Block
and had the honours of turning on the tap to a new bore
water system that was funded
by the Bank.
The bore water system valued
at close to K75, 000 is for a Niugini Table Birds (NTB) poultry
project that is owned by local, Brian Yapa.
birds and other items however the project could not get
off the ground without water
accessibility.
NDB Lae Branch Manageress,
Nathalie Kaman said water
accessibility in the area is an
issue for its settlers who are
faced with the hurdle of having to walk four kilometres to
the Erap River to fetch clean
water.
She said: “The project will create employment and create
wealth for small SMEs in other
spin off business.”
Meanwhile, Mr. Yapa has
thanked NDB for the financial support that has contributed to his poultry project getting off the ground
and is encouraging liked
minded people like himself
to consider NDB when trying
to start up or grow their business.
Before the war, Nadzab New
NTB was to provide 10, 000 Camp Block used to be an
February 2016 Issue | 4
Faith Column
Sin has Ripple Effects
Text: Exodus 20:5 Thou shalt not bow
down thyself to them, nor serve them;
for I the LORD thy God am a jealous
God, visiting the iniquity of the fathers
upon the children unto the third and
fourth generation of them that hate me;
Sin is defined as transgression of God’s
known Laws.
The sin one commits does not only affect himself/herself but others who either benefit or become affected by
that sinner’s actions.
The sinner, like contaminant will influence and affect the innocent person
that he/she comes in contact with.
He / She will then affect the other and
the chain reaction continues making
a home, society, nation unconducive
and unsafe place to live in. It is undeniable that it pays to commit sin and
followed by responsibility.
Therefore, my good colleagues let us
be reminded that committing sin and
harboring Satan in one’s life has detrimental effects today and down the
life’s journey. Sin does nothing good
to us except kills, steals and destroys
us with Satan behind it. The Bible declares in Ezekiel 18:4 that “Behold, all
souls are mine; the soul that sinneth,
it shall die.” Everyone of us is for God
and God does not expect us to commit sin and worship foreign Gods. From
our text above Exodus 20:5 it warns us
of one of the many consequences of
not accepting Jesus Christ as the Savior into our lives. It is sad to realize the
fact that sin we commit will certainly
affect us and our children unless we
make the right choice today. Our sins
committed today will certainly curse
our children down the third and fourth
generations. Committing sin may be
seen as a short-lived pleasure but the
consequences are very serious and we
must be warned and act appropriately
now!
As in the Book of Joshua 24:15, we
have to choose whom we should serve
today in order to determine our future
and our children’s future as well.
If it seems evil unto you to serve God,
Joshua said, as for me and my family,
we will serve the LORD.
Cheers and God bless us all for another
new year.
By Eddie Angopa
The INSIDER
MARCH STAFF BIRTHDAYS
Simon Akenge
Memori Dada
Thomalis Hoa
Hane Kieta
Thomalis Hoa
Jack Rawa
Gumina Robura
Samson Relgang
Philip Tauleboda
Koana Vanaia
Budowa Weina
James Yakapus
Robert Bessa
Puri Siminj
Alphonse Yangtem
Peter Boski
Simon Kisuma
Alice Tamane
Daniel Wohwiehembe
1/3
1/3
1/3
1/3
1/3
1/3
1/3
1/3
1/3
1/3
1/3
1/3
2/3
2/3
2/3
3/3
3/3
3/3
3/3
Robbie Keseng
Eleanor Puka
Jonathan Asa
Stanley Jeka
Steven Vaga
Max Koti
Karen Joseph
Simjayno Tasua
Sugule Isikina
Wilson Matterson
Harriet Yopond
Lloyd Piari
Isaac Hanuka
Kenny Pu
Robin Sabin
Gerard Kopada
Audabi Sumai
Jessy Isafe
5/3
6/3
10 / 3
13 / 3
13 / 3
14 / 3
15/ 3
15 / 3
16 / 3
23 / 3
24 / 3
27 / 3
29 / 3
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Health Tip
How To End Procrastination
by Margie Warrell
1. Write down your goal and
give yourself a deadline. A goal
without a deadline can be put
off indefinitely.
2. Break your goal into small pieces.
The bigger your goal or the
change you want to make,
the more quickly it can send
you into overwhelm. So if your
goal feels daunting, break it
into
manageable,
bite-sized
steps. Remember, you don’t
have to know every step of
the way; just the next few steps
immediately ahead. Your next
steps will become obvious as
you move along.
3. Visualize the future you want.
Imagine the emotions you will
feel. Picture yourself in a
favourite
place
celebrating
what
you’ve
accomplished.
Imagine those who love you
most celebrating your success.
4. Harness fear. Fear is a powerful
emotion that can keep us mired
in excuses. Yet, by focusing on
what you don’t want, you can
harness it in your favor. So write
down how you will feel a year
from now if you do nothing.
Be brave and really honest
with yourself about the cost
of continued inaction. After all, if
nothing
changes,
nothing
changes!
5. Build accountability. Enlist a
support team or an accountability
partner or, as I suggested in
Stop Playing Safe, recruit your own
Personal Board of Advisors to help
keep you focused and on track.
Set up a time to check-in regularly
and let them know ways in which
they can help. For instance, to
remind
you
of
past
accomplishments, and why you
set about making these changes
in the first place.
6. Reward progress. Set up a reward
system to ensure you celebrate
progress and small successes
as you go along. Whether a
fun activity with friends, or a treat
for yourself, make it something
that acknowledges your progress
and effort.
7. Act bravely daily. Starting today.
Building momentum is crucial as
you start out. So commit to
stepping out of your comfort zone
at least once per day. Beginning
today – before your fear-laden
excuses,
disguised
as
sheer
laziness, kick in again. It can be
something really small. After all,
it doesn’t matter how fast you are
going, so long as you are stepping
forward in a direction that inspires
you. So take that first step, then
another, then another… after all –
life rewards action!
February 2016 Issue | 5