Category Archives: Business

The Govt’s 100 Day Plan Expires Tomorrow(19th December 2017)

 


BY GORETHY KENNETH

The Government’s 100 days 25 Point Plan expires tomorrow (Tuesday) with most of the proposed projects proactively undertaken, Treasurer and Deputy Prime Minister Charles Abel have said.

 

And in light of prevailing circumstances the 100 days 25 Point Plan was and is intended to demonstrate proactively and inspire confidence and kick-start the Alotau Accord II by undertaking specific activities around.

 

“Not so long ago I stood here and delivered the 2017 Supplementary Budget that was Point 1 in the 25 Point 100 Day Plan to kick-start the Alotau Accord ll of this coalition government.

 

“The 2018 Budget our first substantive annual budget, is Point 2 of the 100 Day Plan, and will be another illustration of our intention to deliver on our promise to maintain fiscal discipline, grow our revenues, strengthen our economic base, improve governance and act strategically,” Mr Abel said.

 

“Our Government has taken stock following the national elections through a consultative process of engagement with stakeholders from Government, the private sector, development partners and community-based organisations.

 

“This has been important in helping guide our interventions, and in the spirit of partnership we will continue this open engagement.”

 

“These activities obviously roll into Points 1 and 2 of the 25 Point Plan which are the 2017 Supplementary and 2018 Budgets.

 

“The intention in Points 1 and 2 was to maintain fiscal discipline in the light of the prevailing difficult circumstances in terms of our budget parameters of a 2.5% fiscal deficit and debt to GDP of 30% so as not to put more stress on government financing and the economy.

 

“A number of measures were undertaken to maintain this discipline but primarily as per Point 4, and thanks to the understanding of Honourable Members of this Parliament, the Service Improvement Program was reduced in 2017,” he said.

 

Here’s how the 25-Point Plan was carried out and is being implemented now:

 

Point 3 was related to payroll strengthening and the OSPEAC (Organisation Staffing and Personnel Emoluments Committee) has been reactivated and is progressing a payroll audit and cleansing exercise and the MD registration requirement as explained by the Minister for Public Service in Parliament. This is in response to the primary cost escalation factor of Government which is the unsustainable growth in personnel emoluments.

 

Point 5 was for:

 

i) The drawdown of the balance of the Credit Suisse loan of which two technical requirements will have been met following this budget session enabling the final balance to be drawn.

 

ii) To access World Bank and ADB budget support funding for the 2018 budget. This has been achieved following my trip to Washington where the World Bank provides US$100m for debt restructuring in 2018 and another $100m in both 2019 and 2020. The A08 is also providing budget support commencing in 2018 for the health sector of up to US$300m commencing in 2018. These measures provide financial resources on good terms and bring in foreign exchange.

 

Point 6 was for:

 

i) Oil Search to provide a minimum of 50% of the crude oil needs to the Napanapa Refinery and in Kina terms. This has been achieved through an agreement and is happening.

 

ii) Transition to gas-powered electricity the Pom Gas 58MW electricity project has been approved by Cabinet and has commenced construction to provide the cheapest in country power source using our own gas and all sales denominated in Kina. The new power plant will be owned by Oil Search and Kumul Petroleum with shares to be taken up by MRDC. The availability of domestic gas can catalyse other gas-powered initiatives.

 

iii) Rice production the rice quota scheme has been delayed and 3 large scale rice projects are being developed with 3 separate private sector partners with potential support in the 2018 budget through the Agriculture Commercialization Fund.

 

iv) The Bank of Papua New Guinea intervention into the forex market with US$100m is done. The BPNG is also conducting a review of all foreign currency accounts and the obligations of those account holders, particularly resource companies to remit excess funds back to PNG.

 

Point 7 for non-tax revenue collecting agencies to remit 90% of their revenues to CRF has commenced with some immediate action with specific agencies and will be reinforced by the Public Money Management Regularization Bill 2017 approved by Cabinet and to be tabled in conjunction with this Budget.

 

Points 8 and 10 relate to tax regime reform and this is being managed through the new Medium Term Revenue Strategy, developed in conjunction with the IMF and a new Tax Administration Bill which I will bring shortly. Measures will commence in this budget to tidy up the tax code and the BPNG, lRC, IPA and commercial banks are cooperating to enforce compulsory Tax Identification Number requirement for opening bank accounts. The commercial banks have agreed to provide information to the lRC regarding bank accounts being operated in a business manner for further scrutiny.

 

Significant funding support is provided in the 2018 budget for both the IRC and Customs to boost capacity against quantified additional revenue collection.

 

Point 9 was the establishment of the task forces for the IRC, Lands and the Customs and Illicit Trade. Funding has been provided in the Supplementary Budget and the Attorney General, Labour and immigration Ministers are leading the Customs and illicit Trade, Lands Minister the Lands task force and Treasurer the IRC task force.

 

Point 11 is for the progress of some significant resource development projects and; Wapi Golpu, PNG LNG expansion, Papua LNG is all on track for early works, pre FEED or FEED in 2018. Western LNG has announced pre FEED works last month.

 

Point 12 is for the launch of the new Australian DFAT grant-funded projects; the PNG Australia Economic and Social infrastructure Program and ANGAU Hospital re-development design are still pending, and the TB Project co-funded with the World Bank has had the financing documents executed already.

 

Point 13 is the power projects;

 

i) the 58 MW Pom Gas project construction has begun.

 

ii) the 30MW PNG Biomass Project in Markham with Oil Search is in progress.

 

iii) the Ramu 2 180MW Project has had commercial close via a Cabinet decision but is pending financial close due to certain conditions precedent.

 

iv) Naoro Brown River Hydro Project is progressing with funding from the World Bank.

 

v) Hela Gas power solution is being negotiated with Exxon Mobil and Oil Search.  In the meantime, funding is provided in this budget to pull the power “”9 from Mendi to Hides to provide the missing power and NBN telecommunications link to access power to the communities from the Ramu Grid and surplus from the Tari existing generator.

 

Point 14 is certain high impact projects:

 

i) the international submarine cable that the Australian Government has now offered to fund from Sydney to Port Moresby and Port Moresby to Honiara. PNG will own these 100% and 50% respectively and will substantially increase reliability and lower the cost of data into PNG some 25 times.  In the Pacific Marine, Industrial Project has had a new financing agreement sign with the China EXIM Bank, the Sepik Plains agriculture project, together with Baiyer Valley and the Centre.

 

Plains are identified for large-scale rice production as described earlier.

 

Point 15 is the commencement of the US$1 billion upgrade of the Highlands Highway of which the Project Management Unit has been established at Works and contracts have been advertised for supervisory contractors. Work will commence in 2018.

 

Point 16 is the Gerehu 38 Affordable Housing Pilot Project where 1,762 allotments are being made available free to qualifying citizens. The earthworks have been completed and power and water services are now being constructed. Together with the concessional funding at BSP this will make housing accessible to ordinary Papua New Guineans and drive construction and employment. It can provide an example to duplicate in other centres.

 

Point 17 is for the commencement of the new Enga Provincial Hospital construction and Mount Hagen Hospital PPP redevelopment plan in 2018.

 

Point 18 is for the ceasing of closed tender financing which Cabinet has approved and the bringing forward the National Procurement Authority Bill which is ready to come back to Cabinet after changes were requested by Cabinet.

 

Point 19 requires audited accounts for SOEs and Statutory Authorities by mid-2018.

 

As Treasurer I will be tabling all the reports for the Agencies under my responsibility as soon as they are cleared by Cabinet.

 

Point 20 is to have all prescribed Boards appointed. This is underway particularly under the State Enterprises Minister and the Agriculture Minister.

 

Point 21 refers to freeing up resource landowner benefits;

 

i) the PNG LNG landowners vetting issues are ongoing but royalty payments to the plant site landowners have commenced and it is anticipated to shortly resolve the pipeline first payments and progress to the conclusion the clan vetting at the gas fields.

 

ii) the OK Tedi landowner CMCA and Non-CMCA have funds held in Trust that has been cleared by the Courts and I am waiting for advice from the Justice

 

Department to authorise some of the pending contracted works against those funds.

 

Point 22 proposed to suspend proposed amendments to the Lands Act, the lPA Act, the Agriculture Investment Act, the Agriculture Administration Adjustment Act and the Mineral Resources Authority and the Mining Act to allow further consultation. This has been done.

 

Point 23 refers to the National Energy Authority Bill. This should refer to the Petroleum Authority Bill which is being finalised for Parliament.

 

Point 24 refers to progressing the Population Policy and funding has been provided in the 2018 budget under the Sustainable Development Program at Planning for this.

 

Point 25 refers to Medium Term Development Plan3 to be published in 2018. This is the 5-year development plan and indicator targets for the government of the day which will incorporate the United Nations Sustainable Development Goals.

 

Source: Post-Courier

Officers take lead to change agriculture practice

Source: Loop PNG
9/12/2017

Officers working for Productive Partnerships in Agriculture Project (PPAP) are in the forefront of a shift in agriculture practice in the country, says project manager Potaisa Hombunaka.

 

“It was clear at the just concluded first national inaugural agriculture summit in Port Moresby that the PPAP modality is strong in governance, transparency and accountability, hence delivery of project to the farmers is feasible,” he said.

 

“Be happy because you’re in the forefront of a move in the country.”

 

Hombunaka was talking to 45 extension officers attending a weeklong training at Aiyura coffee research and growers services station in Eastern Highlands on Friday, 23 November, 2017.

 

The officers work for 35 productive partners for Coffee Industry Corporation’s industry rehabilitation program under PPAP coffee component. They were trained on how best to train farmers outside of the conventional extension service practice.

 

“Our current conventional extension service is just about training farmers on technical applications on production aspect of agriculture and we leave the farmers high and dry after the training,” said Hombunaka.

 

“The extension service we were using was relevant at that time, but there was really nothing between connecting us and growers.

 

“It’s time to phase out the conventional extension service system. Production has not gone up.”

 

Quoting Albert Einstein, Hombunaka said “We cannot continue to do the same old things and expect different results”.

 

He said the PPAP modality with a strong emphasis on ‘productive partnership’ has been tried elsewhere in the world and is the way forward for agriculture development in the country.

 

The engagement of close to 400 extension officers and field assistants is building back the extension service program. These officers are working in 10 provinces namely Eastern Highlands, Simbu, Jiwaka, Western Highlands, Enga, Southern Highlands, Morobe, Madang (Simbai and Kovon LLG), East New Britain and East Sepik.

 

The number of coffee extension officers has reduced significantly over the years and CIC, through the PPAP intervention, is working towards returning extension officers to re-connect farmers or producers who are important stakeholders in the coffee value chain.

 

One difference is the extension officers are from the project area hence after the project ends, all the knowledge and experiences are left in the area as opposed to recruiting extension officers from outside.

 

The coffee rehabilitation is a CIC project through Department of Agriculture & Livestock. It is financed by a loan facility from World Bank, IFAD (International Fund for Agricultural Development) with support funding from PNG Government.

 

(Extension officers with CIC and PPAP coffee training facilitators)

Author: Press release

Agriculture helping grow PNG relations with Israel

December 6, 2017

Source: The NationalNational

PAPUA New Guinea recognises Israel’s assistance and support, notably in agriculture, Governor-General Sir Bob Dadae says.
He said that came through the Innovative Agro Industry Ltd (IAI), an affiliate of the Israeli LR Group of Companies, a leading project development company.
Sir Bob spoke as he welcomed Israeli Ambassador to PNG Tibor Shalve Schlosser.
“We are indeed very grateful to receive you and look forward to enhancing and furthering the already good bilateral and friendly relations that exist between Papua New Guinea and Israel for so many years,” he said.
“Let’s assure you that the Government of Papua New Guinea stands ready to accord you the necessary support and assistance you may require during your tour of duty in promoting and advancing the PNG-Israel relations for the mutual benefit of our two countries and people.
“I hope that you will find your tour of duty to Papua New Guinea personally rewarding and fulfilling.”

K14 Billion For 2018

 

This Government will mobilise necessary resources within the tight fiscal envelope to provide growth conditions to set the pace for future growth and development.

The 2018 Capital investment Budget consolidate key interventions that will encourage business activities, generate employment, increase both export and tax revenues, replace import, and broaden and diversify our economic base strengthening renewable sectors and manufacturing.

A total deficit figure of K1987.2 million has also been factored in, which will be financed through external sources comprising K1613.4 million and K375.8 million from domestic sources.

The financing requirement for 2018 will result in total government debt reaching K25,807.6 million by the end of 2018, equivalent to 32.2 percent of GDP.

There are no new surprises in the 2018 Budget as the government introduces taxation measures aimed at improving revenue collection through greater compliance, broadening the tax base more equitably and efficiently and making tax administration simpler and more effective.

Mr Abel, in handing the 2018 Budget in Parliament, themed “Review our priorities, refocus our energies and reinforce our strengths”, said the government will maintain key priority expenditures in education, health, infrastructure, law and order, agriculture, tourism and small and medium enterprises.

The government has restored the DSIP, PSIP and WSIP in 2018 with K10 million to each district totalling K880 million and provinces to receive K10 million each totalling K220 million and ward SIPs get K64.4 million.

It has also allocated K300 million for administrative and logistics preparation for the APEC meeting next year.

The budget for the first time has given a big boost with the introduction of an economic stimulus package that will cost K665.9 million to grow the economy through agriculture, tourism and SMEs.

Mr Abel said the government is committed to delivering the Alotau Accord 2, as started in the 100-Day Plan, and the 2018 Budget is the second component that should spur economic growth, generate jobs, and empower people through meaningful engagement in economic activities to better themselves.

“The government will continue to invest in key national infrastructure programs in 2018, particularly the Highlands Highway, coastal jetties, the missing link road program, hydro and gas power generation stations and the international submarine cable project,” he said.

He said these are important transformational projects that will reduce costs in doing business, improve market access for rural farmers, and improve and lower cost of communications for businesses and consumers.

“The 2018 Budget will shift focus to generating jobs and business opportunities for our people in agriculture, tourism and SMEs. And it will provide the platform to showcase the best of PNG to the world at the upcoming APEC Summit,” Mr Abel said.

National Agriculture Summit Underway

The Inaugural National Agriculture Summit commenced on Monday.

Prime Minister, Peter O’Neil, opened the summit to indicate his Government’s commitment to really improve the sector.

 

The Summit was also attended by Government Ministers and Parliamentary Leaders.

 

In his Opening Remarks, Agriculture Minister, Benny Allan, said this summit gives the opportunity for the private investors both large and small to talk, and the Government to listen.

 

He said the Government has come up with policies for the Agriculture Sector, but has not sat down with the players to listen to them.

 

Referring to the theme of the Agriculture Summit of “Unlocking the Power of Agriculture for PNG”, Prime Minister, Peter O’Neil, reiterated its importance and reaffirms his government’s commitment in the sector as captured in the Alotau Accord.

 

“We’ve seen PNG’s Economy go into vast cycles for quite a while, largely because we over depend ourselves on one sector of the Economy (resources). And it has serve PNG well, but I think we’re too complaisant and we are not realising all the other potentials that we have in our country. Especially, when all the Commodity Prices of Oil and Gas goes down, our economy goes down.”

 

Representatives from all sectors of Agriculture packed the Lamana Conference Room to be part of this first ever organised National Agriculture Summit.

 

Presentations are based on each Agricultural Business and investment and the challenges they face including solutions to assist the Government improve the sector.

 

The conclusion of the summit will assist the Government through the Department of Agriculture, come up with a Medium Term Agriculture Development Plan.

 

The Summit will continue today(Monday) and will end on Wednesday afternoon.

 

Author: Charmaine Poriambep of Loop PNG

New Infrastructure Projects with China will Change Lives – Direct Investment by China Railway Group in PNG Economy

 

Media Statement via Prime Minister’s Office PNG

Monday, November 20, November 2017

The Government of Papua New Guinea has signed a serious of Memorandums of Understanding (MOU) with the Government of China and the China Railway company that will deliver a number of new infrastructure projects in the Highlands.

 

Witnessing the signing of the MOU today in Port Moresby, the Prime Minister, Hon. Peter O’Neill CMG MP, said the new projects will have direct positive impacts on the lives of people in Eastern and Western Highlands provinces.

 

“These projects will enhance agriculture, roads and water supply in parts of the Highlands will improve lives and help people to be more active in the economy.

 

“China is one of our strongest development partners, and this direct investment is an example of the huge confidence that China and Chinese companies have in Papua New Guinea.

 

“Despite the challenges in the global economy in recent years, the outlook for the Papua New Guinea economy is very positive and we thank our partners for their commitment to our country.

 

“The projects that we initiated today will be delivered in some of the most remote parts of our country where there is a need to improve connectivity and services.

 

“These projects are taking place as part of the ‘One Belt One Road’ initiative that is creating more efficient trade corridors between the Asia-Pacific and Western Asia.

 

“As this initiative grows we are seeing infrastructure improvements across many developing countries.

 

“At the eastern end of the initiative, Papua New Guinea is deriving benefits that will strengthen capacity to trade across borders.”

 

The Prime Minister thanked the President of the China Railway International Group, Mr. Zhang Zongyan, for visiting Papua New Guinea to see for himself where support can be allocated.

 

“I thank the Government of China and the China Railway Company for their ongoing commitment to Papua New Guinea.

 

“The projects we have agreed on today will deliver positive change for people in many towns and villages.

 

“Your support for Papua New Guinea will be remembered long into the future.

 

“I look forward to further discussing these and other initiatives with President Xi Jinping when he arrives in Papua New Guinea for APEC next year.”

 

The three MOU’s signed today are:
– China-PNG Integrated Agriculture Industrial Park;
– The High Priority Economic Roads Project;
– Goroka Town Water Supply Upgrade Project.

 

The signing of MOU’s was witnessed by Prime Minister O’Neill, Works Minister, Michael Nali, and Lands minister, Benny Allen.

 

Photos:PM O’Neill meets with officials from China Railroad Group and Chinese Government before the signing the MOUs.

New International Highway Connecting Jayapura Declared

 
 
 
October 31, 2017
Source: Post-Courier BY JEFFREY ELAPA
 
Ministers for Works Michael Nali has declared the coastal highway from Wutung in West Sepik to Madang through Wewak as an international highway connecting Jayapura in Indonesia.
 
Mr Nali and Secretary for Works David Wereh arrived in Wewak yesterday for a road infrastructure inspection visit of East Sepik and West Sepik provinces.
 
His declaration of the international highway was made during a meeting with East Sepik Governor Allan Bird, Inter Government Relations Minister Kevin Isifu and West Sepik Governor Tony Wouwou and East Sepik provincial government assembly members.
 
He said the coastal highway will now be called an international one because the road links West Papua.
 
He said the Government is committed to link the people with the international highway because there are more business to be done next door with neighbors in West Papua.
 
He said besides doing business, West Papuan friends need to learn a lot from PNG as well.
 
Mr Nali said to have two countries contacted by road can strengthen the relationship including business.
 
Mr Nali and Mr Wereh will be joined by Governor Wouwou to visit the Wewak to Aitape road and fly over to Vanimo for the same purpose.
 
They visited the Hagen-Madang highway and then the Madang-Wewak missing link that will be part of the international highway.
 
They also visited the Angoram highway which will have the biggest oil palm mill and biggest ply wood mill in the region and later visit Wewak town roads.

PNG’s Self-Sufficiency Drive Offers Openings For Agri-Industry

 
 
 
October 31, 2017
Via: Post-Courier
 
 
After being returned to office following the National Elections in Papua New Guinea earlier this year, the government of Prime Minister Peter O’Neill has stepped up its drive to improve food sustainability and reduce foreign exchange outflows.
 
The administration’s focus on import replacement and food self-sufficiency should create opportunities for the food processing industry, in particular, encouraging investment in downstream capacity.
 
The government plans to place investment funds, to be dispersed through the Supplementary Budget, with the state-owned agriculture investment company, Kumul Agriculture, which can then partner with local and international investors.
Richard Maru, Minister for National Planning and Monitoring, told local media in September that the entity is soon expected to start receiving funds to invest in the sector.
 
According to local media, the plan to establish a state-owned investment vehicle for agriculture was first mentioned in 2015.
 
Government to mobilise investment funds, target agriculture. In particular, the government is looking to curb the island nation’s sizeable food import bill – reported to be as high as PGK4bn ($1.3bn) per year – by expanding the agriculture sector.
While PNG is self-sufficient in many fresh or semi-processed foodstuffs – rice being the key exception – it has to import much of its processed food, both for human consumption and livestock feed.
Speaking to local media at the end of August, Charles Abel, DeputyPrime Minister and Treasurer, said that the rice import bill was the second-highest consumer of foreign exchange in PNG, after the fuel import bill.
Loi Bakani, governor of the Bank of PNG, also highlighted import costs as being a top concern.
“In particular, I am concerned about food imports, because it constitutes the highest demand for foreign exchange and it is not matched by any foreign exchange revenue from food exports,” he told an investment conference in Sydney, Australia, in mid-September.
 
Courting downstream agriculture investment to generate export potential
In addition to boosting primary production, PNG is seeking investors in downstream value-added processing, which could create export potential.
Palm oil and coffee, among others, have been cited as examples, with processed goods both easier to freight than fresh, and able to generate far higher returns.
“We have water and very fertile land,” Mr Maru told local media in mid-September.
“What we have to do now is to mobilise the land, and then find investors who have the technology and the capital to partner (with) us to start investment in commercial agriculture in a very significant way.”
 
Recent investment in value-added growth areas. The agro-processing industry is already seeing an increase in investments that should help reduce the food import bill and improve sustainability.
Agri-business firm, Innovative Agro Industries, is currently developing a K130m ($40.6m) dairy farm and processing facility outside Port Moresby, with production set to begin in November. When fully operational next year, the 5m-litre annual output from the plant is expected to cut up to K400m ($124.7m), or 10%, from PNG’s import bill.
An even larger investment is taking shape in West Sepik Province, around 30km from the Indonesian border. Chinese investors signed a memorandum of understanding last December with the PNG Government to develop a $3.8bn industrial park. Along with an industrial hub for processing steel and cement, the project – described as a long-term venture – features a processing cluster focused on fish, cassava, tropical spices and timber.
Fish is an area where PNG has significant potential for value-added processing. The country’s 2.5m-sq-km exclusive economic zone is home to roughly 18% of the global tuna supply, according to a 2013 report by Pacific Tuna Forum, and an estimated 750,000 tons of the fish is caught each year in PNG waters.
While this represents a raw value of around $1.5bn, most of the value creation occurs during processing, which takes place offshore. Countries such as the Philippines and China generated an estimated K30bn ($9.4bn) in added value by processing raw tuna exports from PNG, the Manufacturers Council of PNG reported.
 
Agro-processing agenda part of broader bid to industrialise
Promoting value-added agriculture forms part of a broader national effort to increase industrial capacity in PNG.
Speaking at a recent conference on financial inclusion and innovation, Wera Mori, the Minister of Commerce and Industry, said the government aimed to restructure the economy so that 70% of gross domestic product (GDP) was generated by sectors such as manufacturing, agriculture, fisheries and forestry, with the latter three all having strong downstream potential.
To help achieve this goal, Mr Mori said the government would move to improve access to credit, introduce regulatory and supervisory reforms, and further promote micro-, small and medium-sized enterprises.

Government supports Manus fish cannery

Source: Loop PNG

Author: Freddy Mou

The Government will support the proposed tuna cannery processing plant that will be built in Lorengau, Manus Province.

Minister for Fisheries, Patrick Basa, said the Government welcomed the idea which was raised in Parliament by Planning Minister, Richard Maru.

 

 

The question was raised by Manus Governor, Charlie Benjamin, during the last session of Parliament on what plan the Government have to sustain the economy of Manus after the closure of the Asylum processing center.

 

Maru in a response said the Government has plans and one of them is to establish a fish cannery that will employ more than a thousand people and bring revenue to the province.

 

 

Minister for Fisheries, Patrick Basa, when presenting a dividend of K60 million to the Government as dividend payment, said the Government is always having an open dialogue with coastal provinces in helping them with projects.

 

 

He added that the establishment of the fish cannery in Manus will boost the province and the country in terms of revenue generation.

 

 

However, Minister Maru, in the last session of parliament also called on the provincial Government to have plans to help their people rather than depending on the Government.

 

The Asylum processing center will be close effective as of October 31st 2017.

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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