Category Archives: Economy

Special Committee Needed to Tackle Taxation Issue

By: Freddy Mou

Northern Governor Gary Juffa has called on the Government to set up a special parliamentary committee to address the taxation issue in the country.

 

He said the current tax regime is very hostile to Papua New Guineans and genuine investors with PNG’s tax rates currently the highest in the Pacific.

 

Juffa claimed that a significant portion of illegal and semi illegal businesses are earning profits, especially in the forestry and fisheries sectors as well as property and other poorly regulated businesses. 

 

He added that such illegal entities are avoiding taxes and getting away with it, leaving the shortfall to be met by genuine investors like PNG SMEs and PNG wage earners.

 

“These non-genuine transnational criminal type entities were engaged in elaborate tax avoidance schemes such as transfer pricing and undervaluation, avoiding taxes and getting away with serious tax crimes while those who fronted up to pay their taxes were being penalised and punished.”

 

Juffa further reiterated that the Government needed to take drastic measures, including setting up a special parliamentary committee comprising MPs from both sides of the House who have the experience and knowledge of such matters.

 

He added that this will effectively address the issue of declining State revenue mainly through leakage and ineffective taxation administration.

 

Meanwhile, Juffa said some mines were among those who barely paid their full portion of taxes and a few foreign wage earners were earning an income in PNG illegally while on business and tourist visas.

 

Source: Loop PNG, 17th August 2017.

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Envoy: Agriculture, Fisheries, Forestry Has Export Potential

National Author 

 

HEAD of delegation and EU ambassador to PNG Ioannis Giogkarakis-Argyroplous says agriculture, fisheries and forestry can offer the country more export potential.
He said many countries were now using trade to develop and PNG could do so too.
“These are three key renewable sectors that can offer PNG more. Perhaps not through the form of special agriculture and business leases but with the landowners fully involved as co-beneficiaries,” Argyroplous said.
“There is no doubt that there is a global demand for sustainable green products from forestry, fisheries and agriculture – which is set to steeply increase.”
He said global growth was expected to be generated by emerging economies particularly in Asia.
Argyroplous was speaking during the launching of the national trade policy (2017-2032) last week.
“The European Union acknowledges the efforts and advancements for PNG promoting the whole government approach to address the issue,” he said.
“Based on these experiences, the European Union encourages PNG to play a more prominent role and support other countries to fight against illegal fishing in the Pacific.”
He said the EU was assisting and strengthening the capacity of the Department of Trade, Commerce and Industry “through inclusive progress where we involve all stakeholders, private sector and civil society who are beneficiaries of the policies”.

 

http://www.thenational.com.pg/envoy-agriculture-fisheries-forestry-export-potential/

Call To Improve Timber Value

THE Director of PNG Forest Institute in Lae, Dr Martin Golman, has called for institutions to work together to promote the downstream processing of timber and improve its value.

 

He made this call last Friday during a workshop by several partners from PNG and Australia to enhance value-added wood processing in the country.

 

“Collaborative support from every organisation can improve downstream processing of timber in the country. Only 20 per cent of timber is processed here while 80 per cent is exported and processed overseas so we must work together to increase that,” he said.

 

Dr Golman highlighted that processing of timber in the country promoted the Governments’  policy of downstream processing.

 

“Small-scale timber producers who produce 500 to 5,000 cubic meters of timber can treat process their timber before exporting,” he said.

 

Head of the Department of Forestry at University of Technology Dr Mex Peki said that downstream processing of timber could be improved through more research.

 

“By 2030, we want more than 80 per cent of our timber to be processed here in the country. This can be achieved through continuous support from institutions,” he said.

 

The workshop is was funded by the Australian Centre for International Agricultural Research, PNG Forest Research Institute, Unitech, PNG Timber and Forest Industry Training College and PNG Forest Industries Association.

via: The National [15/08/17]

Gazetted Position Allow Teachers To Find Top Jobs

14th August 2017

Source:The National

Teaches in Morobe will now have the chance to apply for more than 4000 positions gazetted by the Teaching Service Commission for the 2018 school year.

 

The position are for primary, secondary and technical vocational education and training school (TVET) teachers currently teaching in the province.

 

Provincial Appointment Officer Paul Tayang on Saturday said teachers now have the opportunity to be promoted as the positions have been gazetted.

 

He said in 2014, the only positions available for them to apply for were senior position but this year all positions had been gazetted and it was an opportunity for teachers to apply for positions that they were eligible for.  Morobe has 3,471 primary school positions, 519 secondary school positions and 167 TVET teaching positions gazetted for the next year.

 

Meanwhile, Tayang said application for schools closed on July 7, however, schools on remote locations still have till Friday.

 

Corporation keen to train cadets

Corporation keen to train cadets

The Coffee Industry Corporation (CIC) is looking forward to train more students in tertiary institutions under its industrial and cadetship programmes.

 
CIC’s human resources officer Leks Paul said they have an ongoing programme to train graduates and current students in tertiary institutions studying agricultural-related courses through internships and cadetships.

 
“We have two programmes for developing graduates, the industrial or internship, and cadetship programmes,” Paul said.
“In cadetship programmes, we do hire graduates for two to three years employment.”
He said after the training, the graduates were brought into the corporation based on their performance.

 
Under industrial training, students were given hands-on experience out in the field during their breaks.

 
Paul said the industry assisted students do their research, reports and final-year projects as aprerequisite for their university studies.

 
“The industry is interested in encouraging graduate programmes to develop and train the next generation of human resources.”

 
Paul said the corporation took in graduates under the programme based on institutions producing agricultural graduates for their development. He said they
also took in students studying finance, management and administration courses under the programmes for non-agricultural institutions.

 
Paul was at the University of Technology career fair last Friday in Lae promoting the corporation’s programme in human resource development.
He said the programme was ongoing and as long as institutions produced graduates
that they would always take students in for training and development.

Training boost for apprentices

August 11, 2017    

PUMA Energy PNG Limited yesterday (10/08/17) saw 43 process operators at its Napanapa Refinery in Port Moresby signing tripartite apprenticeship indenture contracts with the National Apprenticeship and Trade Testing Board (NATTB).
In congratulating the apprentices, Puma Energy country general manager Jim Collins said the event was a special occasion as having 43 apprentices indicated the company’s commitment to developing its people and ensuring a quality and qualified workforce in PNG.
Collins thanked NATTB for working with them on the processes involved in the training scheme.
He added that though still in its infancy, the scheme would never have come to fruition had it not been for NATTB’s guidance.
Collins encouraged the apprentices to persevere through challenges and to be committed to their training and studies as it would be tough for them since the apprenticeship was aimedat only producing the best of the best. And he hoped that all apprentices would make it through to the end.
NATTB representative Arthur Geno thanked the Puma Energy management and requested that both parties continue their dialogue for more skills training.
He also encouraged apprentices to make good use of the opportunity for their betterment as it was an investment from all three parties involved. Among the apprentices was Marie Malaga, the only female participant.
Malaga was grateful to Puma Energy for giving her the opportunity to receive the training and said that this was a huge achievement for her.
Also echoing Malaga’s sentiments was apprentice Jack Simon who said the event was also a highlight in his career. Simon added that he would do his best in the training as it was an opportunity not to be missed.
The contract signing between Puma Energy, NATTB and the apprentices is a four-year contract which actually started in 2015.
The contract ensures that the apprentices will receive global standard training and attain a globally recognised certificate at the end of the programme in 2018.

$15 Billion Worth Of PNG Logs Are Sold To The US Annually

August 11,2017

 

Source: Post Courier Online

A recent article in the National Geographic magazine has put Papua New Guinea’s tropical forests at risk of being taken over by foreigners.

The report titled “Stained Trade” says that 12 percent of our land, that’s more than 8 million acres has been invaded by foreign investments through a 99-year land leasing scheme, rent free, with the government collecting royalties on exported logs.The biggest consumer of wood products is the United States with China selling almost $15 billion worth of PNG logs made into furniture, and home improvement items annually.

It’s a shame that unknowingly the  U.S may unwittingly be fueling illegal logging in Papua New Guinea’s tropical forests simply by shopping at furniture stores.

A non-profit organization, ‘Global Witness’, has tracked the 9,000-mile journey of timber from the South Pacific nation, where illegal logging is rampant, through Chinese factories to retail shelves in the U.S.

The report says companies are not doing enough to ensure the wood they’re selling is legal.

While the U.S. bans the import of illegal wood, China does not.

PNG is home to the world’s third largest tropical rain forest, with mountainous terrain and hundreds of islands, Papua New Guinea is considered one of the most biodiverse places on Earth.

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