Category Archives: Business

NEC approves 5yr extension for registration of land groups

 
October 20, 2017 
Source: The National
 
 
THE National Executive Council (NEC) has approved a five-year extension for the registration of Integrated Land Groups(ILGs).
 
Lands and Physical Planning Minister Justin Tkatchenko told The National that it would be welcomed by the business community, especially in the agriculture sector, resources sectors and industries.
 
The extension is expected to give time to landowners to clearly identify their land.
 
The deadline lapsed in February.
 
“NEC has approved for the five-year extension for the ILGs to be identified and certified as requested by the industry and business houses, especially the New Britain Oil Palm, Mineral Resources Development Corporation, Oil Search and the big companies that deal with landowners in their developments and activities,” he said.
 
“Whether it’s agriculture, mining or development, whatever the area is, the ILGs can now be properly and correctly identified.”
 
Tkatchenko said a lot of ILGs had still not been clearly identified when the deadline lapsed eight months ago.
 
“Customary landowners and ownership of this ILGs have not been properly identified,” he said.
 
“So there was a request for the business side of things and for our big corporate companies that deal with customary land and landowners in our country.”
 
Tkatchenko said it was part of the 100-day plan that Treasurer and Deputy Prime Minister Charles Abel had put forward.
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Works Minister: Opening of Missing Road Links, Government’s Priority

Source: EmTV Online

Tucked under rugged ranges between Gulf and Eastern Highlands is Menyamya, one of the least developed districts in the country.

 

 

However, this under developed district is rich with fertile soil renowned for producing one of the country’s best organic coffee.

 

 

“We produce some the best organic coffee in the country, but we don’t have roads to transport them to nearest markets in Lae or Goroka,” a local said.

 

 

Like many isolated rural communities, road access remains a barrier to development and for Menyamya, it has been a barrier for their economic progress and access to basic services.

 

 

In the last 5 years the O’Neill-led Government has prioritised the opening of missing road links.

 

 

On Tuesday, Works Minister, Michael Nali, told the people of Menyamya that the Government will allocate funding from a K3 billion Asian Development Bank loan in order to open missing links in the district.

 

 

“There are many road links in the district, once we open the trans-highway between Gulf and Morobe, Menyamya will be open to the rest of the country as well,” Minister Nali said.

 

 

The K3 billion funding from ADB will be put to reconstruct the entire Highlands Highway, Nadzab to Kagamuga Airport in Mt Hagen.

 

Govt Invites Middle East Investments

The Government has welcomed the United Arab Emirates to be active participants in projects in PNG.

Minister for Foreign Affairs Rimbink Pato extended the invitation when arriving in Dubai on Tuesday.

Pato said he would be discussing with UAE what they would like to do in PNG, with particular interest in technology and renewable energy.

“The International Renewable Energy Agency is based in UAE and we are keen for it to assist with a review of our renewable energy options.

“We want to find what would best suit PNG, whether it is one or more of the options such as hydro, solar, biomass, windmills, thermal and waves.

“The expertise that UAE has in desalination and sewage management is also of great interest to PNG.”

 

http://www.looppng.com/business/govt-invites-middle-east-investments-68146

Review into rental market

Source: Loop PNG

By: Cedric Patjole

 

The Independent Consumer & Competition Commission (ICCC) will carry out a comprehensive review of the rental market in the country.

 

Deputy Prime Minister and Treasurer, Charles Abel, said he has tasked the commission to carry out the review in a bid to fully understand the factors causing high rental costs.

 

Abel said while the government’s initiative to make housing more affordable though is First Home Ownership Scheme is still ongoing, there are still many who rely on rental accommodation.

 

Accompanied by his Vice Minister for Treasury, Win Daki, Abel visited the ICCC yesterday as part of a routine stopover at various government institutions.

 

During their visit, the Deputy Prime Minister, announced the inclusion of the rental markets review, among existing reviews the commission is undertaking.

 

Abel said the rental market may need intervention, however, that will be decided once the review is completed and presented to the government.

 

“Many of us rely on rental to put a roof over our heads and our families. And in a general sense we want to allow free market activity. But I think in selected areas maybe for interim arrangement we can come up with Government intervention.

 

“So in the first instance we have to have the correct facts and figures, and the ICCC I’ve asked the Commissioner to look at the rental markets starting in Port Moresby, and is it reasonable? Is the private sector imposing upon us and the citizens within the housing market rates that are at a fair profit margin? Or are they unfairly imposing rental costs on our citizens which transfer value unfairly to elements of the private sector,” he said.

 

Through his visit Abel also wanted to know about the status of the commission.

 

He also announced that his Vice Minister would directly be responsible for the affairs of the ICCC.

 

ICCC Commissioner and CEO, Paulus Ain, said once they receive the Terms of Reference from the Government they will begin the review.

 

The review will begin in Port Moresby.

Minister Basil Appointed to Drive Technological Advancement in Communications, Information Technology and Energy

Approved for Release: 18 October 2017
Office of the Prime Minister,Papua New Guinea
 
The Prime Minister, Hon. Peter O’Neill CMG MP, has announced a realignment in ministerial portfolio allocations with the appointment of Hon. Sam Basil MP as Minister Responsible for Communications, Information Technology and Energy.
 
The changes in portfolios will strengthen the National Government’s focus on key growth sectors that will have a direct impact on business development and community advancement.
 
“Minister Basil will be responsible for the energy and communications sectors that are crucial for growing a modern economy,” the Prime Minister said.
 
“I have great confidence in the minister’s capacity to meet both the challenges and opportunities that our country faces in these areas.
 
“There are clear synergies between the energy and communications sectors brought about by technological advances that are enabling Papua New Guinea to deliver positive change not only in urban areas, but also in rural and remote areas.
 
“The global energy sector is continually evolving with access to more cost-effective power generation and Papua New Guinea must be at the forefront of harnessing new technologies.
 
“Modern sources of energy production are more efficient and environmentally friendly, reducing the impact on local ecologies and reducing the causes of climate change.
 
“Through embracing renewable technologies, more energy can be harvested locally and does not require the same infrastructure that was needed with traditional energy delivery.
 
“We will continue to advance a balanced approach to energy production and supply, using existing technologies where appropriate and deploying new technology across the country.
 
“Strengthening our energy security and ensuring access to power for our people enables business to expand and helps our communities develop.”
 
PM O’Neill said similar to the energy sector, information technology has seen generational change in the way people communicate.
 
“As a developing country we must step deeper into the digital world and deliver access to better communications for our people.
 
“The Internet, smart phones and more secure platforms for communication are all part of the communications revolution that has been taking place in recent years.
 
“Papua New Guinea has already seen one of the most rapid up-takes of new digital communications in the world and we must increase penetration into remote areas.
 
“Through better communications, people around the country have access to information that changes lives.
 
“Doctors can access the latest techniques to better treat illnesses and injuries, teachers can deliver improved education for their students, and families can stay in touch regardless of distance.
 
“Several years ago APEC committed to achieve village access to the Internet as a baseline and we are working to achieve this goal.
 
“As Minister, Sam Basil will make sure there is increased consultation with our partners and global experts, and work through APEC to improve access to improved technologies that can be implemented at the local level.”
 
The Prime Minister thanked outgoing Communications Minister, Hon. Francis Maneke MP, for his service as Minister and expressed his appreciation to embrace the Cabinet reshuffle.
 
“Ours is a Coalition Government in which we must have representation in the Cabinet for all partners in the Government.
 
“There is a set number of Cabinet positions available, and I thank the Honourable Member, Francis Maneke, for placing the interests of the Government and the Nation above all else.
 
“He is a very capable Member and Minister and has a strong ministerial future in the years ahead.
 
“In our system of Government it is essential that we continue to evolve Cabinet and Ministerial allocations in the interest of ensuring consultation and diversity of representation.
 
“Together, in our Government, across districts and provinces, and agencies and departments, we will work together to deliver positive change for the people of Papua New Guinea.”
 

Kerowagi To Have New Airstrip

October 18, 2017

 

Source: Post-Courier

 

BY LYNETTE KIL 

The people of Kerowagi district in Chimbu Province will soon have access to a new airstrip after more than 70 years.

The last flight out of Kerowagi was in 1935 by an airplane run by the Lutheran Church.

Local MP and Vice Minister for Mining Bari Palma initiated the airstrip project as one of the major impact projects for the district.

“This project will become the major catalyst for the creation of a local based economy that will benefit the people in a big way.

“I’ve got bigger plans for the district. All I want is total cooperation from the landowners whose land will be affected by projects,” Mr Palma said.

“If we want more developments we need to free up land and allow contractors to mobilise their equipment and freely engage in the contracts awarded to them.” He said landownership issues have always remained a major hindrance to development.

The first phase of the 1.4km runway clearing has been completed last week and this week, the local contractor Kaiaworks Engineering Limited is into the second phase with gravelling and compacting.

Mr Palma said there are plans in place to open up the airstrip for both Simbu and neighboring Jiwaka provinces adding that would encourage business opportunities to thrive in the region.

“As part of my long term vision, I wish to open up Kerowagi as a central highlands economic hub by which the airstrip is seen as a focal point for all economic activities,” he said.

“There’s a MOU already in place with the Outback Aviation in Australia. The company will take Kerowaghi as its central area of business and further improvements will be done to the airstrip to make it reach the national standards to serve the people well.”

First Secretary David Dom and other support officers including Thomas Kela, Joseph Wamil and Kagl Kua said the project on the ground is within scope and well coordinated to meet the deadline requirements.

They said the people of Kerowaghi highly commended the MP for initiating such an impact project that will be of benefit to the general populace.

Meanwhile, the Kundiawa airport is currently not in use despite major rehabilitation work done by the National Airports Corporation (NAC).

Minister Calls On PMV Operators To Restore Services

Source: Post-Courier

 

BY JERRY SEFE

Minister for Transport Wesly Nukudj is warning all PMV operators in NCD to refrain from going on strike or his department and the transport sector will take further action.

Mr Nukudj said the strike was unauthorised and all public motor vehicles (PMV’s) in the city are to know that this is going to be the first and last in the city.

Mr Nukudj urged all PMV bus owners and operators to continue their normal PMV services today, to provide the much needed service to the people.

He questioned that if there was an issue with only one bus, then what was the point for all the PMVs to go on strike.

“If the strike continues and people, especially students, continue to suffer from this unauthorised bus strike, then all PMV operators licenses will be removed, and I will make sure this will happen,” said Mr Nukudj.

“We have bigger events coming up such as the APEC and grade 12 national exams, and PMV services must be provided at all times.”

Meanwhile, Road Traffic Authority (RTA) chief executive officer Nelson Terema has also called on all PMV operators to refrain from the unauthorised bus strike.

Mr Terema said if there is an issue with PMV operators in the city, they must take the responsibility to report to the PMV Committee to properly address the matter raised.

“We have the PMV Board of Committees here to attend to any PMV issues in the city and immediately respond to because these issues need to be addressed as soon as possible,” Mr Terema said.

Mr Terema said the RTA is now carrying out studies focussed on the demand and supply of PMV services in the city. Therefore any PMV buses not carrying passengers will be tracked down for questioning. If you don’t want to operate PMV-bus services in the city then your PMV licences will be taken and given to other operators who are willing to provide quality services to the people,” Mr Terema said.

Meanwhile the authorities are calling on the PMV operators to meet with the PMV Board of Committees to address their issue and let normal services prevail for the benefit of everyone in the city.

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