Building Wealth with Borrowed Money: Robert Kiyosaki's Financial Strategy

This article discusses how continuous financial learning can help people make smart financial decisions. It uses Robert Kiyosaki's guest appearance in the podcast (video embedded) to explain the importance of understanding global economics, how politics affects the economy, and how to adapt to changes in the BRICS alliance. Kiyosaki says that people should change the way they think about money, and compare it to 'toilet paper', but gold to god's money in the podcast. 

Read the summary and watch the video for inspiration.

Who is Robert Kiyosaki?

Robert Kiyosaki is a Japanese-American entrepreneur and businessman. He is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.

Kiyosaki is the author of more than 26 books, including the Rich Dad Poor Dad series, which has been translated into 51 languages and sold over 41 million copies worldwide. He is a controversial figure, with some critics questioning his credentials and business practices. However, he remains a popular and influential figure in the world of personal finance.

Introduction

Robert Kiyosaki is a well-known financial expert who has written a popular book called "Rich Dad Poor Dad." He recently gave a podcast where he talked about the economy, politics, and the importance of financial education. This article will summarise the main points of his podcast and help you make better financial decisions.

Key idea: 

Robert Kiyosaki's financial insights, as shared in the podcast, centre on the concept of utilising borrowed funds to acquire assets and generate income. The underlying theme emphasises the significance of financial education in making informed decisions and accumulating wealth through strategic borrowing.

The central message is that borrowing, when employed judiciously, can serve as a potent tool for building wealth and achieving financial success. Continuous financial education, which involves self-education through reading and associating with like-minded entrepreneurs, remains the cornerstone for unlocking the potential of leveraging borrowed capital for asset accumulation.

MUST WATCH

Robert Kiyosaki's Financial Strategy Books

Robert Kiyosaki has written many books about money and investing. Here are 5 of his most popular ones:

• Rich Dad Poor Dad: This book is about how to think about money like the rich do.
• Cashflow Quadrant: This book explains the four different ways that people make money.
• Rich Dad's Guide to Becoming Rich Without a Job: This book shows you how to create wealth outside of a traditional job.
• Why We Want You to Be Rich: This book is a collaboration between Robert Kiyosaki and Donald Trump.
• Rich Dad's Rich Kid, Smart Kid: This book teaches parents how to teach their children about money.

To check out his books on Amazon, click here

1. The Power of Financial Education

Robert Kiyosaki's extensive military experience lends credence to his assertion that financial education is a powerful tool for empowerment. The phrase "that was very, very enlightening" aptly captures the transformative potential of knowledge in navigating financial challenges.

The podcast highlights the importance of continuous financial education. Kiyosaki's remarkable journey from military school to financial education advocate serves as a powerful reminder for individuals to invest in their financial literacy. 

2. The Global Chessboard: Navigating Economic Shifts

Robert Kiyosaki believes that the world is undergoing a major economic transformation and that individuals need to understand this in order to make wise financial decisions. He urges people to pay attention to the geopolitical shifts that are shaping the economy. 

Kiyosaki believes that understanding the battle for economic supremacy is essential for anyone who wants to protect and grow their wealth.

3. Economic Troubles, Military Actions, and the Printing Press

In the podcast, Robert Kiyosaki discusses the connection between economic problems, warfare, and money printing. He says that when the economy is bad, the yuan and the dollar will be in trouble, and this will lead to war. 

He also warns that governments may create conflict to distract people from economic problems. This shows that we need to be careful about our money when the economy is bad.

4. Lessons from the BRICS Alliance

The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has emerged as a significant force in the global economy. India, in particular, has attracted attention for its rapid economic growth and potential to become a major player on the world stage.

Kiyosaki's emphasis on India's strategic position highlights the country's importance in the BRICS alliance and its growing influence in the global economy. He encourages individuals to recognise India's potential as an investment destination and consider incorporating emerging markets into their portfolios.

5. Embracing Capitalism

Robert Kiyosaki repeatedly emphasises the importance of embracing capitalism in the podcast. He encourages individuals to break free from conventional thinking that may impede financial growth. This call for a paradigm shift is not just a theoretical exercise; it is a practical strategy for achieving wealth.

Kiyosaki's message goes beyond simply endorsing an economic system; it advocates for a capitalist mindset. This mindset encourages taking risks, thinking strategically, and fostering an entrepreneurial spirit.

Embracing capitalism is not just about supporting an economic system; it is about adopting a mindset that promotes financial growth. Kiyosaki's message challenges individuals to break free from traditional thinking that may hinder their financial success. The podcast encourages listeners to reassess their financial philosophies and explore avenues that align with the principles of capitalism.

Conclusion

Robert Kiyosaki advocates for using borrowed money to acquire assets and generate income, emphasising the importance of financial education in making sound borrowing decisions. He believes that continuous financial education, through self-education and networking with like-minded entrepreneurs, is crucial for unlocking the potential of leveraging borrowed capital to build wealth.

While Kiyosaki's financial strategy is not a universal approach, it offers valuable insights for those considering using debt to invest. Carefully evaluating one's financial situation and goals is essential before employing borrowed money.

My PNG Exam Results 2024: When to Expect Results

The National Department of Education in Papua New Guinea (PNG) is currently doing data checks and cleansing the exam data for the 2024 Grade 10 and Grade 12 exams. This is a routine process to ensure the accuracy and reliability of results. Once the data cleansing process is complete, the results will be uploaded to the My PNG Exam Results website (www.mypngexamresults.com).

Grade 11 & DHERST Selections Impacts on Results Release Dates

The release dates for Grade 10 and Grade 12 exam results have important implications for the selection process. MSD must meet the deadline set by its sister division, General Education Services, and Higher Education Department, DHERST.

Grade 11 selectors need the Grade 10 results early in December 2024 to begin the selection process for the 2025 academic year. Similarly, DHERST needs the Grade 12 results for selection, but more importantly, students need their results before the Grade 12 selection to adjust their preferences during the NOAS Grace Period.

Therefore, the exam results must be released before the selections begin. Any delay in the release of the exam results will have ripple effects and cause delays in the release of the Grade 11 selection lists and DHERST Grade 12 Selection like it did for Grade 11 last year.

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Ensure accuracy in your Grade 12 results by requesting a re-check or re-marking. While underutilised, this valuable service can rectify errors. To find out how to request this service, click here.

Availability of Results

The exact date for the online release of Grade 10 and Grade 12 exam results has not yet been announced. However, based on past release dates, students can expect their results to be available in early December 2024.

Once the My PNG Exam Results website is reactivated, students can check their results by following these steps:

1. Go to www.mypngexamresult.com

2. Enter your School Leaver's File (SLF) number and name

3. Click on the "Check Results" button to login

Here is how to check the Grade 10 and Grade 12 exam results

In conclusion, the Measurement Service Division of the Department of Education will communicate the exact release dates for the 2024 Grade 10 and Grade 12 exam results. 

Students, parents/guardians, and educators are advised to stay tuned for official announcements for the release of the Grade 10 and Grade 12 exam results for 2024.

Join PNG Insight on Google (Click here) to stay updated as we bring to you the latest on education updates.

Key Points

• The My PNG Exam Results website is currently offline.

• Exam results are typically available in early December.

• Grade 11 selectors will need access to  2024 Grade 10 exam results before  mid-December to participate in the Grade 11 National Selection.

• Grade 12 students will need access to their results before the mid-December to adjust their preferences during the NOAS Grace Period.

Here is a video that you will find useful. 

Grade 11 Selection for 2025 School Year: Updates on the PNG Grade 11 Selection List PDF

The Department of Education (DoE), through the General Education Services (GES) Division, will officially announce the dates for the Grade 11 National Selection for the 2025 academic year. This selection will occur in two formats: National Schools of Excellence Grade 11 Selections and All Provincial Secondary Schools Grade 11 Selections.

Following the benchmark set in the Education Secretary's Circular #3/2020, the online selection process ensures a streamlined and transparent approach. Principals of Secondary Schools and National Schools of Excellence (NSOE) will be integral to the selection panel, with laptops and internet connectivity being crucial for their participation.

Recommended article: How Does Grade 11 Selection Take Place?

 

Selection Requirements

Principals are instructed to bring the following to the selection venue:

• Boarding spaces
• Gender requirements
• Total number of students to be selected
• Grade 10 SLFS E-Copies (manual copies will not be accepted)

Principals will receive passwords, internet data, links, and regional hotline/help desk information by the 5th of December 2024 to facilitate the online selection.

Instructions for Students Selected to NSOE

Students selected to NSOE will be required to travel to their respective schools. Top academic students will be designated to pursue the STEM curriculum at NSOE. The SLF (School Leaver Forms) must reach GES by November 2024.

This information is from the recent Grade 11 National Selection Committee chairperson's circular. The message aims to ensure a streamlined and efficient process for Grade 11 National Selection for 2025 academic year.

Key Points: Grade 11 Selection List PDF)

• Grade 11 National Selection for the 2024 academic year will take place in early December 2024

• The online selection process will align with the previous year's methodology.

• Selection venues are the Diowai Conference Room at the Port Moresby National School of Excellence for GES, MSD, GD, ICT Technical Team, and NSOE Principals, and recommended venues in provincial capitals for provinces.

• Principals are instructed to bring to the selection venue the total number of students to be selected, boarding spaces, gender requirements, and Grade 10 SLFS E-Copies.

• Principals will receive passwords, internet data, links, and regional hotline/help desk information before selections start in December 2024.

• Students selected to NSOE will be required to travel to their respective schools. Top academic students will be designated to pursue the STEM curriculum at NSOE. The SLF (School Leaver Forms) must reach GES by November 2024.

Past Updates for Reference

Do you think the Education Department should include the dates for the publication of Grade 10 and 12 examination results and Grade 11 selection on the Education Department Calendar? Let us know what you think here.

Past Grade 11 Selection Lists

• >> Grade 11 Selection List for Highlands Region

• >> Grade 11 Selection List for Southern Region

• >> Grade 11 Selection List for NGI Region

• >> Grade 11 Selection List for MOMASE Region

• >> Grade 11 Selections for NATIONAL HIGH SCHOOLS

PNG Correctional Service (CIS) Recruitment 2024 Update

The selection process has been successfully concluded in the latest development regarding the Correctional Services (CS) recruitment drive for the year 2024. The next phase involves screening chosen candidates, which will commence once the CS identifies a suitable human resource firm to assist with the vetting.

You can also see the 2024 notice of application for PNG Fire Service here.

In September 2023, the CS Commissioner, Stephen Pokanis, provided an update in response to public inquiries regarding the progress of the 2023/2024 recruitment initiative. 

Commissioner Pokanis stated,

"Selections for CS recruits are complete. I am reaching out to suitable private human resource firms that the CS can engage to finalize the selection of qualified candidates."

Click here to check out the latest on the 2024 CIS recruitment name list and training.

100 Candidates out of 5000 Applicants Considered

The Commissioner anticipates completing this exercise within the current month, with training scheduled to commence in November 2023 and into 2024. Out of 5,000 applications, 400 candidates have been selected. However, the CS will only be recruiting 100 candidates. This strategic decision is aimed at cost-cutting and effective fund management for recruitment training.

For this recruitment cycle, a budget of K2 million kina has been allocated. This funding covers various aspects such as training expenses, uniforms, training materials, allowances, movement after training to institutions, and the 12-month probationary period (On-Workplace Assessments).

Extensive 5-month Training Program

Prospective CS recruits will undergo an extensive 5-month training program, followed by a 12-month probationary period before certification as warders. Throughout this period, recruits will be subject to assessments determining the extension of probation or termination. 

The meticulous approach ensures the selection and preparation of competent individuals for the responsibilities associated with the Correctional Services.

Delay in CIS Recruitment Selection List and Training for 2024

As of the latest update (Check Here), the Correctional Service (CIS) recruitment selection list for training in 2024 has not been released. A recent statement from the CIS authorities reveals that the training process has been temporarily put on hold. The primary reason cited for this delay is a lack of funding.

The CIS acknowledges the importance of ensuring adequate resources for the training of selected candidates, and the decision to postpone the training reflects a commitment to maintaining the quality and effectiveness of the program. The CIS is actively working to secure the necessary funding to resume the training process promptly.

Applicants and stakeholders are advised to stay tuned for further announcements regarding the release of the recruitment selection list and the resumption of training activities for the 2024 intake. The CIS remains dedicated to transparency and efficiency in its recruitment and training processes, intending to foster a capable and skilled workforce for the Correctional Service.

Click here to check out the latest on the 2024 CIS recruitment name list and training. The article has the latest updates on the cause of the delay in the release of the selection name list and the commencement of the 2024 warder training.

Cummins Apprentice Program 2024 - Expressions of Interest Open

Cummins is now accepting expressions of interest for its 2024 Apprentice Program in Australia, New Zealand, and Papua New Guinea. The program provides apprentices with the opportunity to train as Mechanical, Electrical, or Parts Interpreting Technicians in a state-of-the-art learning environment.

What is Cummins Apprentice Program 2024?

Cummins offers a number of benefits to its apprentices, including:

• A nationally recognized trade qualification
• Workshop starter toolkit, company laptop, and full PPE
• All TAFE fees paid for eligible apprentices
• 8 x Cummins Technical product training courses
• Access to a range of employee benefits

To be eligible for the Cummins Apprentice Program, applicants must be:

• Currently enrolled in Year 12, or have completed Year 12 (highly regarded but not essential)
• Have completed a pre-apprenticeship certificate (or expected completion prior to Jan 2024)
• Have relevant work experience or vocational training
• Be a mature-age applicant, female, Indigenous candidate, or person with disabilities (encouraged to apply)
• Have similar industry experience with transferable skills

New updates:  Cummins Apprentice Program 2024

• The commencement date for the 2024 Apprentice Program is February 2024.
• The company is also now accepting expressions of interest for Parts Interpreting apprentices.
• Cummins is an equal opportunity employer dedicated to diversity in the workplace.

How to apply:

Register your expression of interest today. Once the opportunities are open, Cummins will email you with further information on those apprenticeships that meet your preferences.

To be eligible, applicants will be required to complete and be available for all stages of the recruitment process. This includes an online application, completing online aptitude testing, an interview, a pre-employment medical, and police and background checks.

To apply, please visit the following link:

https://cummins.jobs/virtual-aus/expressions-of-interest-cummins-apprenticeship-program-australia-new-zealand-and-png/117CA4C6CE34468AAB57EAD22491D281/job/

For Graduate Development Programs and Apprenticeship Trainings, click here.

Google AdSense Announces Two Key Changes for 2024

Google AdSense, a platform designed to help publishers monetize their websites, is set to undergo significant changes in 2024. These changes, announced by Dan Taylor, Vice President of Global Ads, aim to enhance consistency and transparency for publishers without negatively impacting their earnings.

Per-Impression Payments

The first major change involves shifting from the current "per click" payment model to "per impression." Dan Taylor emphasized that this transition aligns AdSense with the industry standard for display ads, including banners and boxes. 

Per-impression payments offer a more uniform method for compensating publishers, making it easier for them to compare earnings across various technology providers, including Google's products and third-party platforms. 

Importantly, this alteration will not affect the type or quantity of ads publishers can display on their websites. In essence, it's about how publishers are compensated for displaying ads, not what ads they can display.

Restructuring AdSense Revenue Share

The second key change involves restructuring the AdSense revenue share model. Until now, fees were processed as a single transaction, but Google is introducing a separation of rates for the buy-side and sell-side. 

Under the new structure, publishers who display ads with AdSense for content will receive 80% of the revenue after the advertiser platform deducts its fee. This includes Google's buy-side and third-party platforms. 

Despite this change, Dan Taylor assured publishers that they will continue to keep approximately 68% of the revenue, which aligns with previous rates.

For example, when Google Ads purchases display ads on AdSense, Google Ads will, on average, retain 15% of the advertiser spend. It's worth noting that variations can occur because Google Ads' fees are not fixed; they depend on user actions, such as clicks or conversions.

AdSense Changes for 2024

These two pivotal changes are scheduled to be implemented in the early part of 2024. The good news for publishers is that they don't need to take any specific action in response to these updates.

Also, Google has conducted tests and expects that the changes will not significantly impact publishers' earnings.

Enhance Consistency and Transparency for Publishers

In conclusion, the AdSense changes for 2024, as outlined by Dan Taylor, are designed to provide publishers with a more consistent and transparent monetization experience, all while maintaining their earnings. 

The shift to per-impression payments and the restructuring of the revenue share structure are set to enhance the AdSense platform's user experience without affecting the type or quantity of ads publishers can showcase.

2024 Postgraduate Acceptance List UNITECH (Papua New Guinea University of Technology )

The Papua New Guinea University of Technology (PNG Unitech) has officially released the acceptance list for postgraduate programs for the first semester of 2024. This list comprises 113 talented individuals who have been selected to pursue advanced studies in various disciplines.

How to Access Your Acceptance Letter

Accepted postgraduate applicants are advised to check their emails diligently. The acceptance letters will be sent to the email addresses provided during the initial application process. This letter will contain crucial information regarding enrollment procedures, fees, and other important details.

For those eager to see their names on the official acceptance list, PNG Unitech has made it accessible online. You can view the list and download it by visiting UNITECH website: download page.

Programs and Departments

The School of Postgraduate at PNG Unitech offers a diverse range of programs, reflecting the university's commitment to providing quality education across various disciplines. 

The 113 successful applicants are spread across different departments and programs. Here is a summary of the programs and departments:

Agriculture Department

• Ph.D. in Agriculture
• MPhil in Agriculture
• MSc in Agriculture

Applied Physics Department

• Ph.D. in Applied Physics
• MPhil in Applied Physics
• MTech in Applied Physics
• MSc in Applied Physics

Architecture and Construction Management Department

• MArch in Architecture and Construction Management
• MCM in Architecture and Construction Management

Business Studies Department

• PhD in Finance
• MPhil in Economics, Finance, IT
• EMBA (Executive Master of Business Administration)
• MBA (Master of Business Administration)

Check out the latest information on STUDY AT UNITECH

 

Civil Engineering Department

• PhD in Civil Engineering
• MPhil in Civil Engineering
• MEng in Civil Engineering
• MSc.SWRM (Master of Science in Soil and Water Resource Management) in Civil Engineering

Communication and Development Studies Department

• MCS (Master of Communication and Development Studies)
• Electrical and Communication Engineering Department
• MPhil in Electrical and Communication Engineering
• MEng in Electrical and Communication Engineering

Forestry Department

• PhD in Forestry
• MPhil in Forestry

Mathematics and Computer Science

• PhD in Mathematics and Computer Science
• MPhil in Computer Science
• MPhil-Mathematics

Mechanical Engineering Department

• MEng in Mechanical Engineering
• Mining Engineering Department

Mining Engineering Department

• MPhil in Mineral Processing
• MPhil in Mining

Surveying and Land Studies Department

• PhD in Geomatics Surveying and Land Studies
• MPhil in Geomatics Surveying and Land Studies
• MPhil in Surveying Surveying and Land Studies
• MSc.RS&GIS (Master of Science in Remote Sensing and Geographic Information Systems) in Surveying and Land Studies

Congratulations to all the 113 successful postgraduate applicants, and we wish them a fruitful academic journey at PNG Unitech. May this be the beginning of a promising future filled with knowledge, growth, and success.

Follow the link above to download the 2024 Postgraduate Acceptance List PNG Unitech

Frieda River Mine: Sepik River and People More Valuable Than $2.8 Billion

The Frieda River copper and gold mine in Papua New Guinea is scheduled to begin production in 2035, with an estimated cost of $2.8 billion. However, there is growing concern about the potential impacts of the mine on the Sepik River and the people who live along it.

Sepik River: biodiverse river in the world

The Sepik River is one of the most biodiverse rivers in the world, and it is essential to the way of life of the Sepik people. The river provides food, water, transportation, and a source of cultural and spiritual identity.

Local landowners and NGOs criticize the Frieda River mine's impacts on the mighty Sepik River, arguing that the potential destruction of the river systems, wildlife, and people's way of life will be irreparable.

One cannot ignore the fact that the Sepik River and its natural environment has provided for the people for thousands of years. It is too valuable to justify the mine's economic benefits. 

The risks of water pollution, acid mine drainage, and deforestation, as well as the disruption of the Sepik people's traditional way of life is far greater than the mining's revenue. 

The Sepik River and its people are More Valuable Than PanAust's $2.8 Billion

Protecting Sepik River and people's way of life is more valuable than $2.8 billion mine.

— P.N.G. Insight (@PNG_Insight) November 2, 2023

Mine Developer PanAust

The developer of the mine, PanAust, has committed to regular government and community engagement throughout the project. However, critics argue that PanAust has not adequately addressed their concerns.

In a recent statement, the Save the Sepik campaign said: "The Frieda River mine is a threat to the Sepik River and the people of the Sepik. We call on the Papua New Guinea government to stop the mine and protect our river and our way of life."

The decision of whether or not to proceed with the Frieda River mine is a complex one. There are potential economic benefits to the mine, but there are also significant risks to the environment and the people of the Sepik. The Papua New Guinea government must carefully weigh all of the factors involved before making a decision.

Swire Shipping Launches New Scholarships for Papua New Guinean Students

Swire Shipping, a leading shipping company owned by John Swire and Sons Limited, has recently announced the launch of two new scholarships for Papua New Guinean students: the Swire University Scholarship and the Taikoo College Scholarship. These fully-funded scholarships will support 15 deserving students to pursue their tertiary education, with a total value of up to K275,000 per annum.

Swire Scholarship 2023 - 2024

Eligibility

The Swire University Scholarship is open to second, third, and fourth-year students enrolled at government universities in Papua New Guinea, namely Unitech, UPNG, and Divine Word University. 

The Taikoo College Scholarship is available to Grade 12 school leavers who have applied to IEA College of Tafe for technical and vocational education.

Benefits

The scholarships cover all tuition fees, board and lodging, academic materials, and even airfare for those traveling from outside Port Moresby. This holistic approach aims to empower students to focus on their studies and achieve their educational goals.

Commitment to education

The launch of these scholarships is part of Swire's broader commitment to community engagement and its existing education scholarship program. 

Rupert Bray, the Managing Director for Steamships, emphasized the company's strategic focus on education within its community initiatives. He stated that these scholarships are specifically designed to assist students from disadvantaged backgrounds with strong academic records.

PNG Students Scholarships 2024

The Swire University Scholarship and the Taikoo College Scholarship are a valuable opportunity for young Papua New Guineans to pursue their educational aspirations and contribute to the growth and prosperity of their nation. 

These scholarships provide students with the financial support and resources they need to succeed in their chosen fields, and they demonstrate Swire's commitment to investing in the future of Papua New Guinea.

Papua New Guinean students who are interested in applying for either of these scholarships should visit the Swire Shipping website for more information.

OTML Graduate Development Scheme 2024: Kickstart Your Career in PNG's Mining Industry

Are you a Papua New Guinean student in your final year of undergraduate study, looking for a challenging and rewarding career opportunity? If so, the OTML Graduate Development Scheme 2024 is the perfect program for you.

100% PNG-owned Mining Company

OTML is a globally-competitive yet 100% PNG owned organization that has been empowering and nurturing Papua New Guinea professionals since 1988. 

By joining the OTML Graduate Development Scheme, you will have the opportunity to learn from and work with some of the brightest minds in the mining industry, while also making a significant contribution to your nation's future.

OTML Graduate Development Scheme 2024: Eligibility

To be considered for the OTML Graduate Development Scheme you must:

• Be in your final year undergraduate study in a PNG or overseas university in 2023. 2022 or prior graduates will not be considered.
• Have a minimum GPA of 3.5 or a Cumulative Weighted Average of 75% and above in your last three (3) semester results.
• Be an inspiring young professional who possesses the confidence and drive to a rewarding career.
• Be a PNG citizen.

For Graduate Development Programs and Apprenticeship Trainings, click here.

OTML Graduate Development Opportunities

OTML is seeking graduates in the following disciplines:

Accounting; Applied Physics –  Instrumentation; Biology; Chemistry; Civil Engineering; Communication for Development; Electrical Engineering (power); Environmental Sciences; Geology; Geotechnical Engineering; Hospital Management; Human Resource Management; Information & Communication Technology; Mineral Processing; Mining Engineering; Surveying; Sustainable Development

Applications close COB Friday 17 November 2023

To apply, visit this website https://www.peopleconnexion.com/otml-graduate-development-program/

Why join the OTML Graduate Development Scheme?

One Team, Wan Pasin culture:

OTML is committed to creating a workplace where all employees have an equal chance to succeed and where diversity is celebrated.

Directed mentorship and on-the-job training:

You will receive personalized mentorship and on-the-job training from experienced professionals, helping you to develop the skills and knowledge you need to succeed in your chosen field.

Challenging yet interesting work with cutting-edge technology:

OTML is a world-class mining operation that uses cutting-edge technology. As a graduate, you will have the opportunity to work on challenging and interesting projects that will make a real difference.

A rewarding role in one of the most remote and beautiful parts of the world: 

OTML is located in the Ok Tedi mine site, which is one of the most remote and beautiful parts of Papua New Guinea. As a graduate, you will have the opportunity to experience a unique culture and way of life.

A fast-tracked career prospect:

OTML is one of PNG's largest employers and is committed to developing its people. As a graduate, you will have the opportunity to fast-track your career and take on leadership roles within the organization.

For women, join our Ok Tedi Women’s network where you’ll be connected with female partners and mentored by OTML female employees.

Kickstart Your Career in PNG's Mining Industry

The OTML Graduate Development Scheme 2024 is a unique opportunity for Papua New Guinean students to kickstart their careers in the mining industry. By joining the program, you will have the opportunity to learn from and work with some of the brightest minds in the industry, while also making a significant contribution to your nation's future.

If you are a high-achieving and motivated student with a passion for making a difference, then I encourage you to apply for the OTML Graduate Development Scheme 2024 today.

Grade 9 selection list for 2025 MOMASE Region

The Grade 9 selection process is an important step in the education journey of students in the Momase Region. This process is based on the student’s performance in both internal and external assessments. In this article, PNG Insight takes a look at how to check the Grade 9 selection list for 2025 MOMASE region, and the important details about the selection students, parents and citizens should know.

Grade 8 Internal Assessments

Internal assessments are conducted by the school. These assessments measure the student’s progress throughout the year and provide valuable feedback to the student and their parents. 

The following subjects are assessed internally:

• English
• Mathematics
• Combined Subjects

Grade 8 Exam Marks - External Assessments

External assessments are administered by the National Department of Education as the Grade 8 Examinations. These assessments measure the student’s aptitude and skills in preparation for secondary school.

The Grade 8 Examination is a nationwide assessment that covers a wide range of topics. The exam consists of three papers: English, Mathematics, and Combined Subjects. Each paper is worth 50 marks.

Selection Criteria for Grade 9 Selection 2025 MOMASE Region

The selection criteria for Grade 9 are as follows. Students must:

• meet the minimum requirements in both internal and external assessments.
• be in good standing with the school and have no disciplinary issues.
• demonstrate strong leadership qualities and be able to work collaboratively.

Parents and guardians should know that the availability of spaces in some of the top secondary schools in the provinces may mean that only the top students are selected to continue Grade 9. 

If you wish for your child to do FODE, check out the information here.

How Parents Can Find Out

Parents can find out if their child has been selected for Grade 9 by checking the provincial education office notice board. The notice board will display the Grade 9 selection list for the MOMASE Region.

The Grade 8 Certificate of Basic Education Examination (CoBEE) is an important award that should be given to every Grade 9 student. The CoBEE is a recognition of the student’s achievement in completing eight years of primary education. It is also a requirement for admission to secondary school.

Provincial Education Boards should prioritise issuing the CoBEE to Grade 8 school leavers. This will ensure that all students have a record of their accomplishments and are prepared for the next stage in their education.

Facts about Grade 9 Selection You Should Know

The Grade 9 Selection List for the 2025 Momase Region is the responsibility of the provincial education officials in Morobe, Madang and Sepik Provinces. 

The National Education Department is responsible for the development of the Grade 8 examination, but its administration and the selection of students for Grade 9 are the responsibility of the provincial education authorities. 

The best people to check the Grade 9 Selection List for 2025 Momase Region are the:

• Grade 8 Provincial Examination Supervisor (PES), 
• Guidance Officer, 
• School Inspector, and
• the Principals of secondary schools and the Head Teachers of high schools.

The Grade 8 Certificate of Basic Education Examination (CoBEE) is an important award that all Grade 9 students should receive.

Final words

The Grade 9 Selection List for the 2025 Momase Region is the responsibility of the Provincial Education Office. Grade 8 students must meet the minimum requirements in both internal and external assessments to be selected for Grade 9. 

Students can find out their selection status by checking the provincial education office notice board. 

The Grade 8 Certificate of Basic Education Examination (CoBEE) is an important award that all Grade 9 students should receive.

PNG Grade 12 Selection List and DHERST Launching Vs Publication DATES for 2025 School Year

The Department of Higher Education, Research, Science, and Technology (DHERST) Online application system (NOAS) dates for the 2025 academic year have been released in NOAS Press Statement #2/2024. Students and schools should be aware of the dates between now and when the 2025 academic year admission selection list comes out.

Grade 12 students need to mark these dates in their calendars and start planning ahead. When the time comes, they can adjust their NOAS applications early in anticipation of the selection for 2025.

Here is an article about why it is important to get your choices on the NOAS online application right.

DHERST NOAS Online - 2024 Key Dates

Here are the key dates in reverse order:

• 2025 academic year admission selection list publication – NOT ANNOUNCED, but here is last year's publication date - Saturday 23rd December 2023

•  Launching of 2024 Selection for 2025 academic year - MONDAY 16th December 2024

• NOAS Grace period – commences on FRIDAY 2nd December 12:01am - and ends on FRIDAY 5th December, 11:59pm.

• Grade 12 National Examination – October 14th - 18th, 2024. (DONE)

• NOAS application period begins – All Grade 12 students should have now obtained their National Online Application (NOAS) credentials from the school principal and patrons (ONGOING)

Click here to read more about the 2024 Grade 12 Selection Launching Date & Publication Date.

What to Do During the Grade Period?

Important Update for Grade 12 School Leavers for 2024 applying to the HEIs for the 2025 academic year. The Grace Period for submitting your Higher Education program choices is only 5 days - commences on FRIDAY 2nd December 12:01am - and ends on FRIDAY 5th December, 11:59pm.

• Check for RED lights: If any of your choices have a RED light, it means you didn't meet the minimum program requirements. Replace those choices with eligible programs.

• No RED lights: If you don't see any RED lights, you meet the minimum requirements for your chosen programs.

• Unused programs: Any programs you didn't meet the requirements for will be removed from your account.

• National Online Selections: The DHERST Minister will launch the online selection process on the 16th of December, 2024.

• Take Action: Use this extended Grace Period to review your choices carefully and ensure they align with your education goals and academic performance.

Grace period for NOAS

The grace period is a brief window after the Grade 12 students get their 2024 National Examination Results. It is an ideal time when students can adjust their school leavers choices on the NOAS application online.

For the Grade 12 students, this is a valuable chance to review your 2024 exam performance and other new information in the NOAS, and to make any necessary changes to improve your odds of being accepted into your preferred institution and program.

Papua New Guinea's GDP per capita: Trends, composition, challenges, and prospects

Papua New Guinea is a lower-middle-income country with a GDP per capita of *$2,708 in 2022. While this is lower than the global average, Papua New Guinea's GDP per capita has been growing steadily in recent years. The mining sector is the largest contributor to the economy, followed by agriculture, forestry, and fishing. However, the country faces a number of challenges to further development, including a large informal sector, high levels of poverty and inequality, limited access to basic services, poor infrastructure, and a challenging business environment. Despite these challenges, Papua New Guinea has the potential to achieve strong economic growth in the coming years. Policymakers can focus on promoting economic diversification, investing in infrastructure and social services, improving the business environment, and reducing poverty and inequality to boost GDP per capita and create a brighter future for all Papua New Guineans.

*The World Bank classifies countries as lower-middle-income if their GDP per capita is between $1,046 and $4,095. Papua New Guinea's GDP per capita of $2,708 is therefore in the lower end of the range for lower-middle-income countries.

The PNG LNG project has had a significant impact on Papua New Guinea's GDP per capita, boosting it by an average of 1.5% per year since 2014. It has also created jobs and reduced poverty, although this impact was largely evident during the development phase. Since then, the project has not generated as many new jobs or opportunities, but it has continued to generate tax revenue for the government.

Introduction

Gross domestic product (GDP) per capita is a measure of economic well-being. It is calculated by dividing the total value of all goods and services produced in a country (GDP) by the population. GDP per capita is often used to compare the living standards of different countries.

Papua New Guinea is a lower-middle-income country with a GDP per capita of $2,708 in 2022 (World Bank). This is lower than the global average of $12,241. However, Papua New Guinea's GDP per capita has grown by an average of 2.5% per year over the past decade.

Trends

The growth of Papua New Guinea's GDP per capita has been driven by a number of factors, including strong growth in the mining and construction sectors, as well as an increase in government spending on infrastructure and social services. The mining sector is the largest contributor to the economy, accounting for around 20% of total output. The other main sectors of the economy are agriculture, forestry, and fishing (16%), construction (12%), and wholesale and retail trade (11%).

Papua New Guinea's GDP per capita comparison

Composition

Papua New Guinea's economy is heavily dependent on the mining and oil and gas sectors. This makes the economy vulnerable to fluctuations in commodity prices. The government is working to diversify the economy and reduce its reliance on mining. However, this process will take time.

In addition to mining, Papua New Guinea has a significant agricultural sector. Agriculture employs around 80% of the population and contributes around 16% to GDP. However, agricultural productivity is low and many farmers live in poverty. The government is working to improve agricultural productivity and support farmers through programs such as the Special Agriculture and Business Lease (SABL) program.

Logging Special Agriculture and Business Lease (SABL) areas

Challenges

Despite recent economic growth, Papua New Guinea faces a number of challenges to further development. These challenges include:

• A large informal sector, which is estimated to account for over 80% of the economy.
• Limited access to basic services such as education and healthcare.
• High level of systemic and sytematic corruption.
• A challenging business environment.
• High levels of poverty and inequality.
• Poor infrastructure.

The informal sector is a major challenge for the Papua New Guinean economy. It is difficult to tax and regulate the informal sector, which limits the government's ability to raise revenue and provide services. The informal sector also deprives workers of important benefits such as social security and minimum wages.

High level of systemic and sytematic corruption

Poverty and inequality

Poverty and inequality are also major challenges for Papua New Guinea. According to the World Bank, around 40% of the population lives below the national poverty line. Inequality is also high, with the richest 10% of the population earning more than 40% of the country's income.

Papua New Guinea also faces a number of challenges in terms of access to basic services. The country has a high illiteracy rate and many people lack access to healthcare. Infrastructure is also poor, with many roads and bridges in need of repair.

Finally, the business environment in Papua New Guinea is challenging. The country has a complex regulatory environment and corruption is a problem. This makes it difficult for businesses to operate and invest in the country.

Prospects

Despite the challenges listed above, Papua New Guinea has the potential to achieve strong economic growth in the coming years. The country has a wealth of natural resources, a young and growing population, and a government that is committed to economic reform. If the government can successfully address the challenges listed above, Papua New Guinea can achieve significant progress in terms of economic growth and poverty reduction.

Conclusion

Papua New Guinea has made significant progress in recent years in terms of economic growth and poverty reduction. However, the country still faces a number of challenges, including a large informal sector, high levels of poverty and inequality, limited access to basic services, poor infrastructure, and a challenging business environment.

Policymakers can focus on promoting economic diversification, investing in infrastructure and social services, improving the business environment, and reducing poverty and inequality to boost GDP per capita and create a brighter future for all Papua New Guineans.

Recommendations

Here are some specific recommendations for policymakers in Papua New Guinea:

• Promote economic diversification by investing in sectors such as agriculture, tourism, and manufacturing.
• Invest in infrastructure and social services such as education, healthcare, and transportation.
• Improve the business environment by reducing regulatory burdens and combating corruption.
• Reduce poverty and inequality through targeted social programs and investments in human capital.

If the government can successfully address these challenges, Papua New Guinea can achieve significant progress towards its goal of becoming a high-income country.

Additional resources

Donor and reseaches

• World Bank: Papua New Guinea Country Overview
• International Monetary Fund: Papua New Guinea Country Report
• Asian Development Bank: Papua New Guinea Country Profile
• Papua New Guinea Government: Website
• Papua New Guinea Institute of National Affairs: Website

Academic journals and books

•  Asian Development Bank. (2022). Papua New Guinea Economic Update 2022.
• World Bank. (2022). Papua New Guinea Country Economic Memorandum: Building a More Resilient and Inclusive Economy.
• Lowy Institute. (2022). Papua New Guinea: Economic Challenges and Opportunities.
• Papua New Guinea Institute of National Affairs. (2022). Papua New Guinea Economic Outlook 2023