How to Start: Young Papua New Guineans Can Invest in Stock Markets

This post is the beginning of PNG Insight's take on why young Papua New Guineans should start investigating possibilities for investing in overseas share markets - especially the ASX, LSE and NYSE. 

Investing is like starting a fire. For the fire to start, three things must be present: spark, fuel and air. It would be absolutely impossible to get the fire started if one of the three is missing. 

The investment must also have the right balance of the three starters: Research, Money and Approach.

Research: First, take the 'spark' as the drive to do something for you and your family not only now but also for the future. And that is to *find* out about investing - whether it be investing in the stock market (as intended in this post) or in other areas. Read. Read. Read.

After good research, put the research to test. This is crucial to find out whether the analysis (increase/decrease in price prior to the stock selection) is going to work or not.

One way to do this is to create an online account with the likes of ASX, AIM, ADVFN or any online platform that uses real-time stock market data. You can do this for free and easily. Here is a summation of 5 starter points: 

1. Create an online account (e.g. with ASX);
2. Select 1 or 2 companies (you can build the list of companies up over time) using your research;
3. Add the companies to your portfolio; 
4. Track your companies (from your research you should have a fair idea about the 'price-sensitive announcements'); and
5. Re-evaluate your research and choose what works for you.

* Note: If you are a beginner doing it yourself (DIY) the steps 2 - 5 can take several years before you are confident with your researches and, ultimately, where to invest your money.

Money: Second, the fuel is your capital - money. Young Papua New Guineans, especially those who earn a fortnightly income, *can* venture into capital investment.

Approach: Third, the right approach to grow your investment is like the oxygen to the fire. Starting a fire from a spark has to be a gentle approach. You'll have to make sure the wind that is blowing around you is not too strong or the soil too wet to get the fire going. Do not rush into an investment. 

You do not have to wait till you have got the money. You can start right now. Start with getting the *spark* going! Read about how to Invest in stocks and bonds or anything you could invest in for the long term and retire comfortably.

There are a few challenges of investing if you are living in the country. One of these is finding a broker. This is a topic for another post as it is a different stage - the stage where you are taking action. Right now is all about getting the little sparks going.

Starting is, in fact, the easiest bit. Most of you reading this post are on Facebook or Twitter. Follow the Australian Stock Exchange (ASX) or London Stock Exchange or any account that meets your investment taste. 

Read the blog posts and articles about how to find the stock that is going to increase by 100% in the next 5  - 10 years.

Today access to the Internet is really cheap. For example, Telikom PNG data rates can enable you to read widely.

Some useful articles for you:

1) How to make money on YouTube

2) 5 Mobile Phone Codes to Make Your Friends Go WOW

3) 5 Popular Apps in PNG in 2021/2022

4) How to Make Money Using Your Mobile Phones

5) How to Send and Receive Free Credits

____NOTE_____
This post is the first of a planned series on investment in Stock Markets. The series will enable readers to *learn the importance of research and practice* before making a serious investment. Join PNG Insight on Twitter and stay in tune for more of the investment series coming up. 

Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.

MVIL: HOW TO TRANSFER CAR OWNERSHIP TITLE - WHAT TO DO BEFORE BUYING CAR FROM SOMEONE

I know the feeling when you don’t have all the documents required to transfer car ownership title the first time you went to Motor Vehicle Insurance Limited (MVIL).

Produce the required documents in full will save you time and frustration, follow the steps and you’ll get title without hassle.

Documents from the previous owner

Documents from the new owner

1.    Original certificate – this is the registration certificate, including current safety sticker docket too. 2.    License copy – copies of both the front and back of your license 3.    State Declaration Form – complete the SDF and give details of owner and car and intention of title transfer, amount received etc… Ensure that the SDF is signed and stamped at the court house or by a legal entity.

1.       Bring the vehicle for inspection – MVIL employee at the enquiries will check all documents and inspect car              2.       License copy – copies of both the front and back of your license              3.       State Declaration Form – give details of new owner, amount spent, etc… Ensure that the SDF is signed and stamped at the court house or by a legal entity.

Note: MVIL requires that the new owner pays for a full registration before title transfer. 

This means that any unexpired registration fee, if any, would have to be calculated and reimbursed to the previous owner.

There are three things to do. 

As a new owner, you could let the registration run out (expire) then renew the registration and transfer the title at the same time. 

But, to do this you’ll have to ensure you have all the required documents signed and stamped with the previous owner.

 You can pay the full registration and talk to the old owner to reimburse the registration fee that is owed to you.

Also, if you are clever, you can negotiate with the previous owner to reduce the car selling price by taking into consideration the registration fee.

12 Days to Sir Julius Chan Resignation - 1997 Sandline Crises

The year was 1997. Sir Julius Chan was prime minister for almost 32 months. Bougainville crisis was in its 9th year. His Story – Sir J’s 12 days to his resignation as the PM of Papua New Guinea.

Recommended read: Sir Julius Chan Life in Politics - A Review of His Book ' Playing the Game

1. 16th March: Beginning of Operation Rausim Kwik. On the night of 16 March 1997, the revolt began. By the time the night was over, the entire band of Sandline mercenaries had been disarmed and arrested. Prime Minister Chan did not find out until the next morning.

2. 17th March: PNG Defence Force Commander, Brig. Gen. Jerry Singirok demanded Sir Julius Chan (PM), Chris Haiveta (DPM) and Mathias Ijape (Defence minister) resigned within 48 hours (2 days); The prime minister Sir Julius Chan reacted by sacking BG J. Singirok, replacing him with CONTROVERSIAL Colonel Alfred Aikung.

3. 18th March: A boycott of classes began at the University of Papua New Guinea, in support of Singirok. Crowds of civilians blocked the roads around the barracks, and bomb hoaxes closed down government departments.

4. 19th March: 48th hour ultimatum expired, the protests turned violent, and some looting began. The situation grew darker for Chan when the Governor-General, Sir Wiwa Korowi, took out a newspaper advertisement that also accused the government of widespread corruption.

5. 20th March: The Australian government sent emissaries to Port Moresby, and threatened to withdraw financial aid altogether if the Sandline deal was not cancelled.

6. 21st March: All Sandline's personnel, with the exception of Tim Spicer, who remained to give evidence to the inquiry, were withdrawn.

7. 22nd March:  Civil strike continued, UPNG students met at forum square every day; Speaker of Parliament and former Prime Minister Sir Rabbie Namaliu met with Chan and Singirok, and advised the latter (JS) that two of his demands had been met, and that Chan would resign only at the wish of Parliament.

8. 23rd March: Major Walter Enuma, a key Singirok supporter, said "We would like to see this thing off the streets and back into the political arena."

9. 24th March: Chan’s grip on power was fast eroding; 5 NEC ministers resigned, Sir Wiwa Korowi (GG) and Church leaders reiterated call for Chan to step aside pertaining to CoI into Sandline Crises.

10. 25th March: March Parliament session began, Bill Skate was ready to bring forth a motion calling on Chan to RESIGN. Sir Michael Somare amended Skate's motion, so it only called upon Chan to STEP DOWN for the period of the inquiry.

11. March 26th: Demonstrators celebrated the news that Prime Minister Sir Julius Chan had just "stepped aside."

12. 27th March: Chan realised that his position was hopeless.  John Giheno appointed acting PM.

The success of Operation Rausim Kwik was a victory for every Papua New Guinean from Buin to Bewani and Manam to Yalibu.

NRL Players Playing in Intrust Super Cup Final Games 2022

The NRL (National Rugby League) players had been called up to play in the Intrust Super Cup (ISC) final games in the past. These players potentially changed the outcomes of games at the ISC level.

The argument of teams taking on the challenge and either win or lose is one thing. But, is it fair?

Here are 5 reasons why the NRL players should not play any ISC final games:

1. The NRL fultime players have not played a single ISC game all season. They are slotted in last minute to just win a game. Fact.

For NRL players to qualify to play, the players must play some ISC games during the 2017 season. Probably 5 or more games. It is not late yet for the Intrust Super Cup management to come up with some control measures if the management does not have one yet. 

2. The NRL players are from eliminated teams - their teams have not made it to NRL finals. That means that they have rested well for several weeks. The players should not be included in ISC final games as it is not fair on players who have been leading the team to this stage.

3. The NRL players have experienced top level games all year. The level of competitions at NRL and ISC is different. Just getting an NRL player into a team to win the final is not fair competition.

Understandably, you want to get your NRL players to win a crucial game for you.  But you also want to give the player who shone in his absence a fair go. When it comes to choosing a player to play in the final games, NRL players are not an option as far as being fair to players is concerned.

4. The NRL players have had their chances to prove their worth in top division. If they had not proven to their coaches and teams that they can bring their teams to the NRL finals, why including those NRL players at ISC level? And would they have played if their teams had been in the NRL finals? 

Let them take their time off and prepare for next year. This is the best thing they must do.

5. The NRL players inclusion is damaging to teams' moral. From past experiences,  these players tend to leave vacuum in their teams when they aren't around. This can lead to the teams led by overlooked players who think they are not good enough.

In retrospect, it is okay to have the NRL players around during the preliminary rounds.  And also have them around in the finals.

What's not right is using an NRL player, in the final games,  who has not even played a single ISC game. An NRL player who had not played a single ISC match must not be allowed to play in the ISC finals.

Intrust Super Cup competition 

The Intrust Super Cup competition should have control over inclusion of NRL players especially in the final games. It is important that this happens to keep the integrity of the competition at the ISC level.