The Pacific Balanced Fund recently hosted the Biggest Morning Tea in conjunction with the Crowne Plaza Hotel and Melanesia Trustee Services Limited. The Biggest Morning Tea is an initiative of the Papua New Guinea Cancer Foundation and its aim is to raise awareness of cancer in Papua New Guinea and most importantly raise much needed funds so that it can continue its outreach programs in the urban and rural communities. In its outreaches, awareness is made on the signs and symptoms of the different forms of cancer, as well as screening and prevention methods.
The Pacific Balanced Fund (PBF) is a home grown investment fund with 18 investment companies in a range of different sectors. In fact it is the largest Private Fund in PNG and the fastest growing in the region with a compound growth rate of 103%. It is a transformation of the former Investment
Corporation Fund. Melanesian Trustees Services Limited (MTSL) is the Trustee and Manager of the Fund. PBF’s major unit holders include NASFUND, MRDC Group and small business groups and individuals.
As part of the Fund’s corporate social responsibility it has invested into numerous community initiatives that include community projects, charity organizations and sporting codes under its Community Benefit Scheme. One such example is the Sogeri Police; Last year the Sogeri Community benefitted from this initiative when PBF donated a brand new 10 seater to help with the reduction of crime in the area as they had been without a police vehicle for well over 3 years.
“It is disheartening to see, learn and experience first-hand the griming realities of the plight of our people when it comes to their health and well-being. This is something I am well aware of in my other hat as the Patron of the Simbu Children’s Foundation. Our foundation assists mostly children with heart and special medical conditions, and difficult life circumstances; example; children made orphans because of their parents or guardians who have died because of HIV/AIDS,” said Mr. Kennedy Wemin, CEO of MTSL. Mr. Wemin added that the Cancer Foundation has done a tremendous job in reaching out to both the urban and rural communities, especially our women who are the most vulnerable. As a home grown fund and being committed to the people of Papua New Guinea particularly our women, the Pacific Balanced Fund also donated K50,000 to the PNG Cancer Foundation on the day, and has committed to continue this donation for the next three years. Mr. Dadi Toka Jnr, CEO of the PNG Cancer Foundation upon receiving this donation was overwhelmed with the good gesture.
“This donation will go a long way in ensuring that our outreach programs continue in the rural areas where the message is most needed. So far, we have visited Alotau, Kimbe and will be going to Kavieng this week. Our plan is to visit all the provinces but being an NGO we rely heavily on our good corporate friends such as PBF”.