NGIP Agmark Limited Delivers Profit Despite Drought: FY22 Financial Results Unveiled

NGIP Agmark Limited has announced a preliminary result of K3.97 million after tax for the year ended December 31, 2022. This is a decrease in revenue by K9.4m or 6.33% due to diminished sales in cocoa and coffee exports. However, the company still managed to declare a profit for FY22, proving its resilience despite a challenging year.

NGIP Agmark Limited Decrease in Revenue

The decrease in revenue was mainly due to a drought that hindered cocoa production for most of the year, leading to a significant drop in revenue compared to the previous year. 

However, through key initiatives from past experiences, combined with a robust reporting system and a streamlined management structure, NGIP Agmark Limited was able to minimize costs and take advantage of profit-making opportunities to ensure a profit for FY22.

The company's cost of sales decreased by K8m or 7.5% in FY22, and admin and finance costs grew by 1.31m or 2.8%, mainly due to occupancy costs. 

Despite the increase in occupancy costs, the company closed underperforming branches in the previous year, resulting in a 22% decrease in occupancy costs in FY21.

NGIP Agmark Limited Dividend Payout

During the AGM held in June 2022, the board announced a dividend payout for the FY21 performance of the audited K7.3M profit after tax. A distribution of K0.04 per share was paid in November 2022, marking the second consecutive year that a dividend was paid.

Throughout FY22, the company continued to focus on supporting its customers, especially the cocoa farmers, and solidifying strong relationships with suppliers, providing shareholder value through the challenges of 2022.

Looking forward, NGIP Agmark Limited

Looking forward, NGIP Agmark Limited aims to:

• continue its expansion plans, focusing on investing in technology to improve operational efficiency, and
• enhance customer experience, while also exploring new markets and business opportunities to grow the company's revenue and profitability.

Investors' Takeaway

• Despite facing a challenging year due to a drought that hindered cocoa production, NGIP Agmark Limited managed to declare a profit for FY22, demonstrating the company's resilience and strength.
• The company's focus on cost optimization and taking advantage of profit-making opportunities helped minimize costs and achieve profitability.
• NGIP Agmark Limited paid dividends for two consecutive years, indicating its commitment to creating value for shareholders.
• The company's investment in technology to improve operational efficiency and customer experience, coupled with its exploration of new markets and business opportunities, bodes well for its future growth and profitability.
• NGIP Agmark Limited's continued focus on supporting its customers, especially cocoa farmers, and building strong relationships with suppliers reinforces the company's commitment to its stakeholders and sustainable growth.

In Brief

Despite the challenges faced by NGIP Agmark Limited in FY22, the company has shown resilience and strength, delivering a profit and paying dividends to its shareholders. 

The company's focus on cost optimization and investment in new technology and markets bodes well for its future growth and profitability.

CPL Group Expands Across Papua New Guinea with 4 New Retail Locations

CPL Group, the leading retail group in Papua New Guinea, has announced its financial results for FY2022. There are some good news for investors looking to earn more from their investments.

Despite tough business conditions and disruptions due to the National Elections, the

• company's revenue grew by 5.1%,
• profit after tax was K15.5m, and
• dividend declared for FY2022 is 25% higher than FY2021, at 5 toea per share. 

Download the CLP Croup Financial Report FY2022, PDF

City Pharmacy Limited

The company's parent company, City Pharmacy Limited, which operates pharmacy outlets across Papua New Guinea and Stop & Shop supermarkets in Port Moresby, experienced revenue growth of 5.1%. 

Meanwhile, the home and lifestyle brand Hardware Haus maintained its market position from the previous year. 

Joint venture businesses, Jacks of PNG and Prouds PNG, contributed significantly to the company's financial growth, with a steep incline of 150% compared to the previous financial year.

CPL Group's expansion

CPL Group's expansion efforts were also successful, with the opening of four new retail locations across the country, including Hardware Haus in Goroka and North Waigani, Port Moresby, and City Pharmacy in Kundiawa and Eriku in Lae. 

This brings the total number of retail outlets to 78 across PNG, including joint venture businesses.

CPL Group Dividend Payment 

For shareholders, the:

• ex-date for dividend payment is on March 22nd, 2023, 
• record date is on May 1st, 2023, and 
• payment date is May 30th, 2023. 

This information is crucial for shareholders to receive their dividend payments on time.

CPL Group's commitment to delivering outstanding value and exceptional customer service for its communities, customers, suppliers, and team members is evident. 

The company's aim to be the preferred shopping destination in Papua New Guinea shows its dedication to its customers' needs. 

As the company ventures into the next 12 months, it will remain focused on ensuring shareholder value.

Investors takeaway

According to the FY2022 financial statement released by CPL Group, the company opened four new retail locations across Papua New Guinea. These new locations are:

1. Hardware Haus in Goroka
2. Hardware Haus in North Waigani, Port Moresby
3. City Pharmacy in Kundiawa
4. City Pharmacy in Eriku, Lae

In Brief

ICPL Group's FY2022 financial statement shows steady growth despite tough business conditions and disruptions. 

The company's financial performance is impressive, with a 25% increase in dividend payments compared to the previous year. 

Its expansion efforts and commitment to delivering outstanding value and exceptional customer service make it a promising investment opportunity for investors looking for long-term growth potential.

Credit Corporation PNG Commercial Bank Approval - Exciting Opportunities Ahead

Credit Corporation PNG has reported its financial results for the financial year ending December 31, 2022. 

• The company's core operating profit was K98.8m, up 25.0% from the previous corresponding period (PCP). 
• The net profit after tax (NPAT) was K86.04m, an increase of 11.9%. 
• The company's earnings per share rose from 25 toea to 28 toea per share. 
• The total risk-weighted capital ratio increased from 40.1% to 45.0%. 
• The dividend per share for FY22 was 22.5 toea, up 25.0% from the previous year.

Download the full report here.

Credit Corporation PNG dividend income

The Finance Division of Credit Corporation had an NPAT of K36.6m, up 41.9% from the PCP, while the Property Division recorded a core operating profit of K13.4m, up 31.0% from the PCP. 

The company's dividend income increased from K52.9m to K61.5m.

Credit Corporation PNG Commercial Bank 'Approval'

Credit Corporation is transitioning to becoming a fully-fledged niche commercial bank, and the Bank of PNG granted it 'Approval in Principle' for an unrestricted banking license. 

The company's outlook is positive, and it will continue to focus on pursuing growth opportunities while maintaining a strong balance sheet and disciplined approach to managing the quality of its loan book.

Investors' takeaway

For investors, the key takeaways are that Credit Corporation's financial performance for FY22 was strong, with an increase in profitability, earnings per share, and dividend per share. 

The company's decision to transition to a fully-fledged niche commercial bank and its Approval in Principle from the Bank of PNG for an unrestricted banking license are important developments to watch. 

The company's focus on disciplined management of its loan book and strong balance sheet is reassuring for investors.

Read about how to invest in PNG Stocks, Treasury Bills and Government Bonds.

In Brief:

Credit Corporation PNG has reported a strong financial performance in FY22, including a 25% increase in core operating profit and 11.9% rise in NPAT. The Group's total risk-weighted capital ratio rose to 45%, while its property division recorded a core operating profit of K13.4m. Credit Corporation also declared a final dividend for FY22 of 12.3 toea per share, a 25% increase compared to FY21. The Bank of Papua New Guinea granted the company 'Approval in Principle' for an unrestricted banking license, allowing it to transition to becoming a bank and ultimately listing on the ASX.

How to Apply to Madang Technical College Non-School Leaver and Grade 12 School Leaver

Madang Technical College is a pioneer Technical Vocational Education and Training (TVET) college under the National Department of Education. Established initially as a specialised Building Trade College, the college has expanded its program offerings over the years. 

In 2007, the college introduced Non-Trade courses. This expansion has provided students with opportunities to further their education to a diploma or degree level at higher training institutions both locally and overseas.

Programs of Study at Madang Technical College

Madang Technical College offers a wide range of programs in both trade and non-trade courses. 

Traditionally, the college has been known for its courses in

• Carpentry, 
• Cabinet Making, 
• Plumbing, and 
• Sheet Metal Trades. 

However, with the addition of non-trade courses, students can now pursue programs such as

• National Certificates in Office Administration, 
• Tourism & Hospitality, and 
• Diploma in Business Studies (specialising in Office Administration and Accounting). 

How to Obtain the Non-School Leavers Application Form

If you are a non-school leaver interested in applying to Madang Technical College, you can obtain the application form directly from the college. 

Apply to the college directly. You must provide all the required documents listed on the 2024 application form. Failure to do that will result in non-selection.

To apply as a non-school leaver, you need to complete the application form provided by Madang Technical College. The form will require you to provide relevant personal information, educational background, and your preferred program of study. 

Once you have filled out the application form, you should submit it to the college's administration office along with any required supporting documents.

(If you have applied this year, check out the Madang Technical College Acceptance List here)

Applying as a Grade 12 School Leaver 

If you are a Grade 12 school leaver, the application process is slightly different. The Department of Higher Education, Research, Science, and Technology has established the National Online Application System (NOAS) to streamline the application process for school leavers. 

To apply through NOAS, you need to fill out the school leavers' form, which can be accessed online on the NOAS platform. 

The form will require you to provide your personal details, academic qualifications, and preferences for the Technical College you wish to attend. 

Your school's deputy principal and the class patron will guide you through this process. Ensure that you carefully review and submit your application before the specified deadline.

Important Tips for Applicants for the 2024 Academic Year

For those planning to apply for the 2024 academic year, it is crucial to stay updated with the application deadlines and requirements. 

Keep an eye on the announcements made by Madang Technical College and the Department of Higher Education, Research, Science, and Technology regarding the application process. 

It is also advisable to gather all the necessary documents, such as academic transcripts, certificates, and identification, well in advance to avoid any last-minute complications. 

If you have any questions or need clarification on the application process, do not hesitate to contact the college for assistance.

To check out the full list of Technical College in PNG, click here

Contacting Madang Technical College for Information on Application and Admission

For further information on the application form, admission requirements, or any other inquiries, you can contact Madang Technical College using the following details:

• Contact address: Madang Technical College, P.O. Box 186, Madang, Papua New Guinea.
• Phone: 852 2877 / 852 2585
• Email: mateco@datec.net.pg

Apply to Madang Technical College

Madang Technical College offers a range of technical and vocational programs, allowing students to acquire skills and knowledge that are relevant to the needs of Papua New Guinea's formal and informal sectors. 

Whether you are a non-school leaver or a Grade 12 school leaver, there are specific application processes in place. 

By following the guidelines provided by the college and DHERST, you can successfully apply to Madang Technical College and take the first step towards a rewarding career in your chosen field.

PNG Vision 2050: A Roadmap for a Prosperous Future - Where to Now?

PNG Vision 2050

Introduction

Papua New Guinea (PNG) Vision 2050 is a long-term development plan that aims to transform the country into a smart, fair, and prosperous nation by the year 2050. The vision was launched in 2009 and has been updated in 2016, with a strategic focus on creating a sustainable economy, society, and environment.

Mission and vision

The mission of PNG Vision 2050 is to create a society that is smart, fair, healthy, wealthy, and happy. It seeks to transform the country by leveraging its rich natural resources and human capital to achieve:

• Sustainable economic growth
• Social development
• Environmental protection
• Strategic visions

PNG Vision 2050 Strategic Visions

PNG Vision 2050 identifies eight strategic visions that the country should focus on to achieve its long-term development goals:

1. Human capital development: To create a highly educated and skilled workforce that is productive, innovative, and globally competitive.

2. Wealth creation: To promote sustainable economic growth by leveraging the country's natural resources, developing industries, and creating job opportunities.

3. Institutional development: To build strong and effective institutions that promote good governance, accountability, and transparency.

4. Infrastructure development: To develop modern and efficient infrastructure that connects the country's regions, promotes economic growth, and enhances the quality of life of its citizens.

5. Environmental sustainability: To protect the country's rich biodiversity and natural resources by promoting sustainable development practices.

6. Security and stability: To ensure peace, security, and stability in the country, promoting social cohesion and a sense of national identity.

7. International participation: To engage actively with the international community and promote Papua New Guinea's interests in the global arena.

8. Spiritual, cultural, and community development: To preserve and promote the country's diverse cultures, traditions, and values, and strengthen the sense of community and national identity.

Urgent actions to meet PNG Vision 2050

To achieve its long-term development goals, PNG needs to take urgent actions in various areas. These actions include:

Strengthening institutions: 

PNG needs to build strong and effective institutions that promote good governance, accountability, and transparency.

Investing in human capital: 

The country needs to invest in education and training to develop a skilled and productive workforce that is globally competitive.

Developing infrastructure: 

PNG needs to invest in modern and efficient infrastructure that connects the country's regions, promotes economic growth, and enhances the quality of life of its citizens.

Promoting environmental sustainability:

PNG needs to adopt sustainable development practices that protect its rich biodiversity and natural resources.

PNG Vision 2050 achievements and the road ahead

PNG has made some progress towards achieving the goals of Vision 2050 in the past decade. 

From 2009 to 2019, the country achieved an average annual economic growth rate of 2.7%, reduced poverty from 39% to 37%, increased the literacy rate from 60% to 63%, and expanded access to basic services such as health and education.

Recently, the ADB economic forecast for PNG shows that the country's GDP is expected to grow by 3.5% in 2022 and 4.9% in 2023 and inflation rates forecasted at 6.5% in 2022 and 5.1% in 2023

Address challenges immediately

Despite ADB's positive forecast for 2023, much more needs to be done before 2029, 2039, and 2049 to achieve the goals of PNG Vision 2050 fully. 

The country needs to address challenges such as 

• corruption, 
• inadequate infrastructure, 
• low human capital, and 
• environmental degradation. 

Papua New Guinea's government must continue to invest in its people and infrastructure, promote good governance, and work towards building a sustainable future for all its citizens.

Medium-Term Development Plan and Actions

The PNG government has recognised the importance of Vision 2050 and has outlined a Second Medium Term Development Plan for 2018-2022 to help achieve its goals. 

The plan prioritises the development of infrastructure, education, healthcare, and the private sector, with a focus on improving the livelihoods of the rural population and promoting inclusive growth.

Moreover, the government has launched various initiatives to support the realization of Vision 2050. For example, the National Development Bank of PNG provides loans to support small and medium-sized enterprises, and the Tuition Fee-Free policy has increased access to education for many children in the country.

Despite these efforts, the country still faces significant challenges. For example, PNG has one of the lowest human development indexes in the world, and poverty remains a significant issue, with over a third of the population living below the poverty line.

PNG Government Urgent Action Prior to 2029, 2039 and 2049

To address these challenges, the PNG government ( prior to 2029, 2039 and 2049) needs to continue 

• investing in infrastructure, education, and healthcare, promoting good governance and accountability, 
• developing sustainable economic models, and 
• addressing issues such as climate change and environmental degradation, which pose significant threats to the country's long-term development goals.

Conclusion -  PNG Vision 2050

PNG Vision 2050 provides a roadmap for PNG to achieve sustainable economic growth, social development, and environmental protection. While the country has made progress towards its long-term goals, much more needs to be done to ensure that Vision 2050 is fully realized. 

Above all, the PNG government must continue investing in human capital and infrastructure, promoting good governance and accountability, and developing sustainable economic models to build a better future for all its citizens.

Unemployment in PNG 2023 Update: Causes, Effects, and Statistics

Papua New Guinea (PNG) is a country with abundant natural resources and a diverse culture. Despite its rich resources, the country faces high unemployment rates that have become a significant concern. 

This article explores the unemployment situation in PNG, including the causes, effects, and statistics related to unemployment in the country.

What is the unemployment rate in PNG?

The unemployment rate in PNG has been on the rise in recent years. However, PNG statistical office does not have the latest (and up-to-date) facts and figures.

According to Trading Economics, the unemployment rate in PNG was at 4.87% in 2019, which increased to 7.12% in 2020. 

The COVID-19 pandemic and the global economic downturn have contributed to this increase in unemployment rates.

What are the causes of unemployment in PNG?

• Lack of economic opportunities in the country: There are several causes of unemployment in PNG. One of the primary reasons is the need for more economic opportunities in the country. The country heavily relies on extractive industries, such as mining and logging, which do not provide enough jobs to meet the demand. Additionally, PNG has a limited market, which makes it difficult for businesses to expand and create more job opportunities.

• Lack of education and skills training: Another cause of unemployment in PNG is the lack of education and skills training. The education system in PNG is underdeveloped. Many people do not have access to education or vocational training, which limits their job opportunities. Furthermore, the country faces a high rate of youth unemployment due to the lack of job opportunities and a mismatch between the skills of young people and the demands of the labour market.

How many people are unemployed in Papua New Guinea?

The number of unemployed people in PNG is a significant concern. According to Macrotrends, the number of unemployed people in PNG was 238,000 in 2020. This figure includes both the unemployed and those who are underemployed or working in part-time jobs.

In a recent article, the Post Courier article highlighted the high unemployment rate in the NCD, which was reported to be over 20% of the city's population, according to the National Statistical Office. The article cited a lack of job opportunities and skills training as major factors contributing to the problem, and calls for urgent action to address the issue.

What is the female unemployment rate in Papua New Guinea?

The female unemployment rate in PNG is higher than the male unemployment rate.

According to PNG National Research Institute (PNG NRI), the female unemployment rate was at 10% in 2019, which is significantly higher than the male unemployment rate of 6.2%. 

This is due to several factors, including gender inequality, lack of education and skills training, and the cultural bias that favours men over women.

Examples and facts about unemployment in PNG

PNG NRI has reported that the youth unemployment rate in PNG is high, with approximately 17% of young people aged between 15-24 years being unemployed. This is a concern, given that young people make up a significant portion of the population in PNG. 

The report also highlights that the lack of job opportunities for young people is a major concern, as it can lead to social unrest and increased crime rates.

In another report by ABC News, it is revealed that the youth unemployment crisis in PNG has been exacerbated by the booming youth population in the country. 

The report states that the number of young people in PNG is expected to double by 2040, which highlights the urgency of addressing the youth unemployment issue.

Conclusion

Unemployment in PNG remains a significant concern, with high rates of youth and female unemployment. 

The lack of economic opportunities and education and skills training are among the primary causes of unemployment in the country. 

It is crucial for the government and other stakeholders to address these issues and create more job opportunities for the people of PNG. By doing so, the country can harness its vast resources and create a prosperous future for all.

How to Invest in Stocks and Bonds in PNG: A Beginner's Guide

Papua New Guinea (PNG) is a rapidly growing economy that offers opportunities for investors who are willing to take on some risk. Investing in stocks and bonds in PNG can be a great way to diversify your portfolio and potentially earn high returns. 

In this beginner's guide, we'll cover everything you need to know about how to invest in stocks and bonds in PNG.

Choose a Broker

The first step in investing in stocks and bonds in PNG is to choose a broker. There are several reputable brokers in PNG, including 

• Kina Securities, 
• BSP Capital, and 
• Capital Markets. 

It is important to choose a broker that is licensed and regulated by the Bank of PNG to ensure that your investments are safe and secure.

Understand the Fees

When you invest in stocks and bonds in PNG, you will incur brokerage fees, which are charged by the broker for executing trades on your behalf. 

Brokerage fees vary depending on the broker and the size of the trade, but they typically range from 0.25% to 1% of the trade value.

Know the Stocks Available on POMSoX

The PNG Stock Exchange (POMSoX) is the only stock exchange in PNG, and it lists several companies in various sectors, including banking, telecommunications, and mining. 

Some of the stocks available on POMSoX include:

• Bank South Pacific Limited (BSP), 
• Credit Corporation (PNG) Limited (CCP),
• NGIP Agmark (NGP)
• Kina Securities Limited (KSL),
• Newcrest Mining Limited (NCM) and
• City Pharmacy Limited (CPL).

Check out the complete list of companies on POMSox website. 

If you want to find out how to invest in stocks, check out this article I wrote in 2017.

Differentiate Between Stocks and Bonds

Stocks and bonds are two different types of investments that offer different benefits and risks. 

Stocks represent ownership in a company and offer the potential for high returns but come with high risk due to market volatility. 

Bonds, on the other hand, represent debt and offer a fixed rate of return but come with low risk due to their stability.

Understand Government Bonds

Investing in government bonds is a low-risk investment option that offers a fixed rate of return over a set period. 

The Papua New Guinea government issues several types of bonds, including Treasury Bills, Inscribed Stock, and Inscribed Stock Indexed. 

These bonds can be purchased through a broker, and the minimum investment amount is usually PGK 5,000.

Visit the Central Bank of PNG website for more info on Treasury Bill and Government Bond.

(Screenshot Central Bank of PNG Bills and Bonds Rates)

SWOT Analysis of Stocks and Bonds Investments in PNG

Strengths:

• High potential returns in a growing economy
• Diversification opportunities to spread risk
• Government policies to promote investment

Weaknesses:

• Market volatility with fluctuating prices
• Limited options and lack of reliable information
• Currency risk due to exchange rate fluctuations

Opportunities:

• Growing economy with abundant natural resources
• Infrastructure development priorities
• Emerging markets for new investment opportunities

Threats:

• Political instability and natural disasters
• Currency risk and exchange rate fluctuations

Conclusion

Investing in stocks and bonds in PNG can be a lucrative opportunity for investors who are willing to take on some risk. 

By following the steps above, investors can choose a reputable broker, understand the fees, research available stocks, differentiate between stocks and bonds, and understand government bonds. 

With careful consideration and a long-term investment strategy, investors can potentially earn high returns in a growing economy. 

However, it is important to be aware of the risks and threats associated with investing in PNG and to seek advice from professional brokers before making any investment decisions.

Golden Sun PNG Investment Company - Scam or Legit?

Golden Sun Investment website is a movie review platform that has been gaining a lot of attention in Papua New Guinea (PNG) in recent times. The platform has attracted mixed reactions, with some people claiming that it is a clever scheme run locally, while others insist that it is a legitimate investment opportunity that has enabled them to make money. 

This article will provide a balanced argument about Golden Sun Investment and address some of the issues raised by both sides.

Update: Here is how much Golden Sun made from the poor Papua New Guinean victims

Want to make real money online, sustainably? Find out here 

 

Golden Sun Investment

First, it is important to realise that while some people have made money through Golden Sun Investment and online fast money schemes, it is not a guaranteed way of making money. 

As with any investment where you put money in to make more money, there are risks involved, and people should be cautious and do their own research before investing their hard-earned money. 

Note that while some people have had positive experiences with Golden Sun, this does not necessarily mean that the platform is legitimate or that it will continue to operate sustainably.

Here is a discussion on Twitter that you might want to check out.

Legitimacy of Golden Sun PNG Company - legit or scam?

On the other hand, some people have raised concerns about the legitimacy of Golden Sun Investment, claiming that it is a scam. 

In particular, in this article on PNG Attitude, Gabriel mentioned that Golden Sun is a clever scheme. It is run within PNG and not out of the UK, as the Golden Sun website claims. 

He says that after analysing the movie reviews and transactions, he found that the transaction packets did not go to an internet payment gateway (IPG), but to a data centre in the United Kingdom that hosts the website. 

He also says that when people click the withdrawal button, a website administrator in PNG receives their request, along with their user ID and bank details, and then physically transfers money to their account via SMS or internet banking.

These claims are serious and should be taken seriously. If true, they suggest that Golden Sun Investment is not a legitimate investment opportunity and that people should be wary of investing their money in it. 

However, these claims have not been independently verified, and it is possible that they are not entirely accurate or that they do not tell the full story. Therefore, it is essential to approach these claims with an open mind and to do your own research before making any investment decisions.

Find out how to invest in PNG companies, Government Bonds and Treasury Bills and make - you can do all these in PNG.

Golden Sun App Investor's Response

Some people have had positive experiences with Golden Sun Investment and have been able to make money through the platform. For example, Augustine Memelua (in the comments on the article linked above) claims to be a member of Golden Sun Investment and says that the claims made by Gabriel are false. 

Augustine says that you cannot withdraw when you register in level F, but that you have to register in levels D up to S and earn more dollars before you can withdraw. 

Augustine also claims to have paid K720 (level D) and has already withdrawn it, and has now earned K951 from his K720.

While Augustine's claims are positive, it is important to remember that they do not necessarily mean that Golden Sun Investment is a legitimate investment opportunity. 

Is Golden Sun Earning Sustainable?

Just because some people have made money through the platform does not mean that it is sustainable or that everyone will be able to make money in the future. 

As mentioned earlier, investing in Golden Sun Investment, like any other investment and fast-money-making scheme, carries risks. People should be cautious and do their own research before investing their money.

Do Your Research on Golden Sun PNG - do not rush into it!

All in all, it is clear that Golden Sun Investment has attracted a lot of attention in PNG, with some people claiming that it is a legitimate investment opportunity that has enabled them to make money, while others insist that it is a scam. 

While the claims made by both sides are serious and should be taken into consideration, it is important to approach them with an open mind and to do your own research before making any investment decisions.

Ultimately, investing in Golden Sun Investment, like any other investment, carries risks, and people should be cautious and manage their hard-earned properly.

NOTE: If you have participated in Golden Sun PNG, let PNG Insight readers know how to register, also explain the different levels of movie reviews, so that it can help know how it works.

How to Apply to Hagen Technical College (HATECO): Application and Selection Info

Mt Hagen Technical College is a higher technical institution located in Hagen City, Western Highlands Province. This esteemed technical college provides opportunities for both Grade 12 school leavers and non-school leavers to pursue a wide range of technical and non-technical programs.

Programs of Study at Hagen Technical College 

Hagen Technical College offers various technical programs, including:

1. Diesel Heavy Equipment Fitting

2. Motor Vehicle Mechanic

3. Auto Electrical

4. Welding

5. Carpentry

In addition to these technical courses, the college also provides non-technical programs such as:

1. Business Studies

2. Cookery

3. Tourism and Hospitality

Check out the full list of technical colleges in PNG here, and find out about the courses and admission info.

Eligibility Requirements

To be eligible for admission to Hagen Technical College, you should have a Grade Point Average (GPA) above 2.0. 

It is also necessary to have achieved B grades in English and Literature, as well as Mathematics, and C grades or higher in other Grade 12 subjects.

Note that there are other factors that can affect your selection to the HATECO such as:

• your performance across all the subjects you take in Grade 12, 
• applicants who may have had better grades,
• competition for the limited number of spaces available at the college,
• course selections and
• other enrolment problems.

DO NOT PAY A BRIBE TO ANYONE CLAIMING TO BE FROM HATECO TAKING APPLICATIONS OR MAKING SELECTIONS. REPORT THEM TO THE POLICE AND DHERST.

To read about the Technical Colleges as the key institution for development in PNG, click here.

Non-School Leavers Application Form

If you are a non-school leaver interested in applying to Hagen Technical College, you can obtain the application form directly from the college. Ensure that you collect the 2024 application form and carefully review the instructions.

To apply as a non-school leaver, you need to complete the application form provided by Hagen Technical College. 

The form will require you to provide relevant personal information, educational background, and your preferred program of study. Make sure you fill out all the required sections accurately.

Once you have filled out the application form, you should submit it to the college's administration office along with any required supporting documents. 

Failure to provide all the necessary documents may result in non-selection, so be diligent in preparing the required paperwork.

Click here to find out about the selection list for non-school leavers.

Applying as a Grade 12 School Leaver

If you are a Grade 12 school leaver, the application process is slightly different. The Department of Higher Education, Research, Science, and Technology has established the National Online Application System (NOAS) to streamline the application process for school leavers.

To apply through NOAS, you need to fill out the school leavers' form, which can be accessed online on the NOAS platform. The form will require you to provide your personal details, academic qualifications, and preferences for the Technical College you wish to attend.

During this process, your school's deputy principal and the class patron will guide you. Make sure to carefully review and submit your application before the specified deadline to ensure consideration for admission.

Important Tips for Applicants for the 2024 Academic Year

For those planning to apply for the 2024 academic year, it is crucial to stay updated with the application deadlines and requirements. 

Regularly check the announcements made by Hagen Technical College and the Department of Higher Education, Research, Science, and Technology regarding the application process.

To avoid any last-minute complications, gather all the necessary documents, such as academic transcripts, certificates, and identification, well in advance. 

Completing the application process promptly and accurately will enhance your chances of securing admission to Hagen Technical College.

Collect Information on Application and Admission

For further information on the application form, admission requirements, or any other inquiries, you can contact Hagen Technical College using the following details:

• Contact Address: PO BOX 1155 Mt Hagen WHP
• Phone: 542 1133
• Email: hateco@global.net.pg

Feel free to reach out to the college through these contact channels to seek assistance or clarification on any aspect of the application process.

Apply to Hagen Technical College (HATECO)

In conclusion, Hagen Technical College provides valuable opportunities for both Grade 12 school leavers and non-school leavers to pursue technical and non-technical programs. 

By following the application guidelines provided, you can maximise your chances of securing admission to Hagen Technical College for the 2024 academic year. 

Stay organised, meet the eligibility requirements, and submit your application promptly to embark on an exciting educational journey at Hagen Technical College.

Applicants FAQs

Q1: What are the application deadlines for Hagen Technical College for the 2024 academic year?

A1: The specific application deadlines for the 2024 academic year at Hagen Technical College will be announced by the college and the Department of Higher Education, Research, Science, and Technology. It is important to stay updated with their announcements to ensure timely submission of your application.

Q2: Can non-school leavers apply to Hagen Technical College?

A2: Yes, Hagen Technical College accepts applications from non-school leavers. Non-school leavers can obtain the application form directly from the college and submit it along with the required documents to the administration office.

Q3: What are the eligibility requirements for admission to Hagen Technical College?

A3: To be eligible for admission, you should have a Grade Point Average (GPA) above 2.0. Additionally, you should have obtained B grades in English and Literature, as well as Mathematics, and C grades or higher in other Grade 12 subjects.

Q4: Can Grade 12 school leavers apply online for Hagen Technical College?

A4: Yes, Grade 12 school leavers can apply online through the National Online Application System (NOAS) established by the Department of Higher Education, Research, Science, and Technology. They need to fill out the school leavers' form, providing personal details, academic qualifications, and preferences for the Technical College.

Q5: How can I contact Hagen Technical College for more information on the application process?

A5: For further information on the application process, admission requirements, or any other inquiries, you can contact Hagen Technical College through the following channels:

- Contact Address: PO BOX 1155 Mt Hagen WHP

- Phone: 542 1133

- Email: hateco@global.net.pg

Feel free to reach out to them via phone or email to seek assistance or clarification regarding your application to Hagen Technical College.

Leave a comment below if you have any questions that we can help you with.

How to Read STAAR Results and Take Action to Support Your Child

In this article, we'll walk you through how to read the STAAR results for 2023, helping you decode the scores, interpret the percentages, and make informed decisions to support your child's learning journey.

STAAR Test Results 

Understanding your child's STAAR (State of Texas Assessments of Academic Readiness) results is crucial for assessing their academic progress and identifying areas for improvement. 

The STAAR test measures your child's mastery of the state's educational standards and provides valuable insights into their strengths and weaknesses.

How to Read the STAAR Score Report

The STAAR score report provides a comprehensive overview of your child's performance. Here's what each section means.

• 1. Student Information: At the top of the report, you'll find your child's name and other identifying details.

• 2. Scale Score: The scale score, ranging from a minimum of 200 to a maximum of 2000 points, reflects your child's overall performance. It's an indicator of their proficiency in the subject.

• 3. Overall Score: The overall score indicates the number of correct answers out of the total questions. It offers a quick snapshot of your child's accuracy.

• 4. Performance Levels: The performance levels are categorized as low, medium, or high. These levels are determined based on your child's responses to the first 12 questions of the assessment. They signify how well your child began the test.

Interpreting the Probability of Passing

The next section delves into the probabilities of your child's success on the STAAR test. This helps you gauge their likelihood of passing various sections.

Probability of Earning a One (Approaches or Above):

This indicates the lowest passing level. Ideally, you want your child to achieve Level Two (Meets Grade Level) or Level Three (Masters). The percentages show the chances of your child meeting these standards.

Probability of Meeting Grade Level Standards:

This probability showcases the likelihood of your child mastering the state standards. A higher percentage indicates a stronger chance of success.

Probability of Mastering the Standards:

Mastering the standards implies a deep understanding of the subject matter. While a lower percentage may not be a cause for concern, it highlights areas that could benefit from extra attention.

Analyzing Performance in Different Categories

The STAAR results provide a breakdown of your child's performance across four categories, reflecting the state's educational standards. These categories offer insights into specific areas of strength and areas that may need improvement.

• 1. Category Overview: This section gives an overview of how your child performed in each category, indicating whether they scored above, at, or below the target.

• 2. Question-Level Performance: For a detailed analysis, the report breaks down each category further. It provides information about individual questions, including whether your child answered them correctly. This helps identify specific areas of strength and weakness.

• 3. Category Comparison: By comparing category performance, you can identify patterns in your child's understanding. This comparison aids in tailoring supplementary learning activities to address specific skills.

Taking Action and Supporting Your Child

Understanding your child's STAAR results empowers you to take targeted actions to support their academic growth.

Identify Strengths and Weaknesses:

Use the information to pinpoint areas where your child excels and areas that require improvement.

Supplementary Learning: 

Leverage the detailed breakdown to find suitable learning resources, games, or activities that focus on specific skills.

Communication with Teachers: 

Discuss the results with your child's teachers to gain insights, receive recommendations, and collaborate on strategies for improvement.

Ongoing Support:

Keep in mind that the STAAR results are not a pass or fail verdict. They offer valuable guidance to ensure your child's continued progress throughout the school year.

Summary (Read STAAR Scores and Take Action to Support Your Child)

Decoding your child's STAAR results is a valuable tool for promoting their academic success. 

By understanding the scale score, performance levels, and probabilities, you can make informed decisions to support your child's learning journey.

Remember, the STAAR results are a roadmap for improvement and an opportunity to provide the guidance and resources your child needs to thrive.

Mapex Training Institute Application Form 2026 PDF

Are you considering applying to Mapex Training Institute in 2026? Here's everything you need to know about their application process, the courses available, and how to contact them.

How to Apply to Mapex Training Institute 

There are two ways to apply to Mapex Training Institute in 2026: 

• online or 
• by downloading the application form and completing it manually. 

If you choose to download the form, you can find the Mapex Training Institute Application Form 2026 PDF on their website.

However, the most reliable way to obtain the application form is to personally visit their training office in your location and request it. This is because their website is often slow, and they do not update their social media feeds regularly with the latest information.

Courses Available

Mapex Training Institute offers a range of courses in business studies, plant operation, and motor vehicle courses. You can find a list of their courses on their website or Facebook page. 

They are recognised by DHERST and are on the National Online Selection for current Grade 12 students and the HELP Loan.

Limited Spaces Available

It's essential to apply quickly because Mapex Training Institute has limited spaces on its four main campuses. 

You don't want to miss out on the opportunity to study at this prestigious institution.

Contacting Mapex Training Institute for Application Form 2026 PDF

If you need more information about the application process, acceptance letters, or course information, you can contact Mapex Training Institute by:

• email at info@mapextraininginstitute.com or
• phone at 4300065/73469311. 

They also offer accommodation, including meals, on a separate fee for the Port Moresby campus only at K800.00/month.

About Mapex Training Institute

Mapex Training Institute is a customer-focused training institution that prides itself on delivering timely, appropriate, and quality training services. 

With four main campuses in Kokopo, Lae, Hagen, and Moresby, they offer a range of certificate and diploma courses in business studies, plant operation, and motor vehicle courses.

If you're considering applying to Mapex Training Institute in 2026, you need to visit their office in your location and ask for the Mapex Training Institute Application Form 2026 PDF. 

Don't hesitate to contact them if you need any help or further information.