Category Archives: International

On schedule

Source: The National

By GYNNIE KERO 


Oil Search Ltd is confident the APEC Haus taking shape in Port Moresby will be completed well before the contracted deadline – July 31.
Its construction at Ela Beach is paid for through Oil Search’s tax credit scheme for K120 million and Construction Project Build (CPB) Company is leading the work.
APEC Haus project manager Peter Kearsley said 65 per cent of the building was completed.
“Yes, the project is on budget,” he said. “The next thing you will see is glass go up at the start of February.
“Now having had the roof on, we are able to work on the ground floor.
“Contracted deadline is July 31, the guys will definitely beat that. It will be finished before the end of July.”
Prime Minister Peter O’Neill yesterday said APEC Haus would be converted into a world-class museum after the leaders’ meeting in November.
He also highlighted that more than 80 per cent of the project workers were locals. “Many of our artefact, thousands of years old and held in museums (elsewhere), we want to bring back here,” O’Neill said.

NZ boosts PNG’s APEC Prep with K35m

Picture: New Zealand High Commissioner Sue Mackwell officially signed the documents with APEC Minister Justin Tkatchenko in Port Moresby.

Source: Loop PNG.

The New Zealand Government yesterday signed several official documents with the Government of Papua New Guinea in Port Moresby. The documents signed were related to a total of NZ$ 15 million (K35 million) NZ’s support towards PNG as the hosts for the Asia Pacific Economic Cooperation (APEC) Summit in November of this year (2018).

 

The document was signed by the NZ High Commissioner Sue Mackwell and with Papua New Guinea’s APEC Minister Justine Tkachenko.

 

New Zealand was one of the first economies to support PNG’s bid for APEC 2018.

 

In 2017, the New Zealand government established a NZ$ 8 million APEC’s Fund to support PNG.

 

“We are pleased to be able to support eight proposals which will see funding directed to water policing, cyber security, activities to support the PNGDF which includes support for incident response group preparations, defence intelligence training and the contribution of New Zealand Defence assets and staff for Leaders’ week.”

 

The Fund is available to PNG, New Zealand and international partner agencies to submit proposals for funding towards initiatives to support the planning and delivery of APEC 2018 across security, logistics and policy areas.

 

Meantime, APEC Minister Tkatchenko thanks New Zealand for their continuous support and friendship with PNG.

 

The funding includes support to PNG’s APEC Business Advisory Council (ABAC), protocol and liaison training, the contribution of a senior New Zealand Police contingent of 11 officers working under PNG-Australia Policing Partnership in support of the Royal PNG Constabulary’s training and preparations.

 

APEC Meet To Boost Local Businesses

Source: Post-Courier

 

BY MATTHEW VARI

The APEC summit this year is expected to boost the country’s economy through direct spending anticipated at K200 million by more than 15,000 international delegates.

 
This is according to APEC PNG 2018 Co-ordination Authority CEO, Christopher Hawkins on the gain for local businesses during the summit this year.

 
“There is a few different areas for business, one is throughout the year with more than fifteen to eighteen thousand delegates coming, and that is not just the people attending the meetings, but those who arrange for their delegations and ministers and leaders, we estimate there will be a cash injection of around K200 million straight through that,” Mr Hawkins said.

 
He said the estimate covers airfares, accommodation, setting-up temporary offices for delegates to support their ministers, presidents and prime ministers.

 
Mr Hawkins said the spending indicated in the 2018 Budget appropriation of K300 million will also be spent in the local economy, with a major portion also focused on security preparations for that budget.

 
“Then there is the direct spending. We break that into consumables for the meetings that includes booking venues for meetings, the papers used to the signage to bottle of water to the transportation around the city.

 
“That comes out of the APEC budget this year, but don’t forget the big part of the APEC budget is security. That is investing in capacity we should have been advancing many years ago and now our government is in preparation for APEC investing in that capacity.”

 
Mr Hawkins said progress into the year will see more and more tender opportunities posted on the APEC tenders website.

 
“Areas like production of shirts hospitality and catering. We engaged a lot last year that went up on the APEC tenders website.”

Bank PNG signs card deal with Swiss company

THE Bank of Papua New Guinea has signed a contract with the Swiss company BPC Banking Technologies for the supply and installation of a national card and mobile payments switch.

 
It is the first step towards implementing the Retail Electronic Payments System (REPS), an initiative launched by the bank in 2015, as the next phase in the development of the National Payment System and its drive for financial inclusion in PNG.

 
REPS followed the successful implementation of the KATS inter-bank electronic payment system which began in February 2015.

 
BPNG said KATS hads shortened cheque-clearance times and provided electronic direct credits between PNG bank accounts.

 
“By enabling full electronic payments, KATS greatly improved financial services offered by banks to their customers.

 
“It provided the PNG economy with a secure, efficient and reliable domestic payment system and set, a solid foundation for future innovation in payments technology, including growth opportunities for Fintech digital financial services.

 
“REPS will allow microfinance companies and microbanks, Savings and Loans Societies and other smaller financial institutions entry into the NPS to offer plastic card and mobile payment services to their customers, so that more people and businesses will have access to financial services throughout PNG, particularly among the rural areas.”

Source: The National

GAME CHANGER

 

 

DEVELOPMENT in one of Port Moresby’s iconic area, Paga Hill, will be a “game changer” for the Capital city.

That’s from NCD Governor Powes Parkop when witnessing a historic agreement to begin stage one of the development on Paga Hill.

Governor Parkop, and Lands and APEC Minister Justin Tkatchenko, witnessed the signing by Paga Hill Development Company, and its Advisory Board, who will provide AU$20 million in offshore funding to commence construction of Stage one.

Paga Hill Development Company, led by its chief executive officer Gudmundur Fridriksson, signed the agreement before the two NCD MPs that will see the development of 1.7 hectares waterfront site, which will include restaurants, cafes, retail, commercial and residential apartments.

Advisory board director Peter Barge, the world renowned Australian property executive who was involved in Sydney’s Darling Harbour, Macau, Dubai and other major developments as Jones Lang La Salle Asia Pacific chairman and CEO, flew into PNG from Sydney this week to complete the agreement.

Mr Barge, who was joined in Port Moresby by fellow board members David Galvin and Simon Dulhunty, said the vision for Paga Hill “will help transform a city and country into an emerging tourism destination, while creating many local jobs and boosting the national economy”.

Governor Parkop said his vision is for “Port Moresby to be a model city in the South Pacific, leading the way in tourism and business”, with Paga Hill a key part of this strategy.

He is impressed to see the project now moving from design to construction.

Minister Tkatchenko expressed his appreciation at the amount of open space and discussed the opportunity of establishing a joint working group to ensure the best possible outcome for city and residents, as well as the developers.

Civil works on stage one are well underway with actual construction to commence in March 2018, with Mr Fridriksson saying Stage one will set the scene for what’s to come at Paga Hill Estate, “with waterfront retail, dining and entertainment, it will be an ideal place to live, work and play.”

Source: Post-Courier

Govt signs deal to grow cotton

THE Government’s fact-finding mission to India has resulted in an agreement on mutual agricultural investment prospects.

 
Agriculture and Livestock Minister Benny Allen said a draft agreement was with the government of India and would be sent to Papua New Guinea for further input and signing.
Allen said a new agriculture prospect for PNG highlighted in the draft was the commercialised farming of cotton in Papua New Guinea.

 
He said apart from cotton, commodities such as wheat/grain, rice and livestock were prospect areas for PNG.

 
Allen said it would seek to capture two focus areas where the Indian government could assist agriculture development in PNG.

 
They include the development of a central seeds bank for PNG and research and technology assistance for the PNG National Agriculture Research Institute.

 
Allen said he proposed to the director of the Indian Agriculture Institute to have Papua New Guineans undergo training at the institute.

 
Also, an agriculture machinery manufacturer has shown interest in training mechanics in repairing equipment and also set up shop in Papua New Guinea for businesses to buy equipment.

 
Moreover, Allen said Papua New Guinea has much to learn from India as it has developed largely due to agriculture.

Source: The National

Govt thanks Trivedy

Source: Loop PNG

14/12/2017

The PNG Government acknowledges the outgoing UNDP resident representative Roy Trivedy on his services towards pushing forward the UN SDG on Climate Action (SDG 13).

He was also acknowledged on his part in giving services towards the conservation and protection of biodiversity areas in PNG.

 

Minister for Environment, Conservation and Climate Change John Pundari said given the strategic support and leadership provided by UNDP under the leadership of Mr Trivedy, a lot has been achieved in the last four (4) years.

 

Pundari said he is satisfied that PNG as a country is on the right path towards achieving some of the National Goals as well as the SDG’s.

 

“With the recent launch of the National REDD+ Strategy and after attending the 23rd Conference of Parties (COP) meeting in Bonn, Germany, there is still a lot of work to be done but I am confident that with the ongoing partnership with UNDP and other good development partners, we are on track to push forward the climate resilient development agenda and conservation and protection of biodiversity in PNG,” Minister Pundari said.

 

Papua New Guinea is implementing SDG 13 through its Nationally Determined Contributions (NDCs) which is an official document that allows all countries, developed and developing to take action on climate change and officially make it known to the United Nations Framework Convention on Climate Change (UNFCCC).

Author: Imelda Wavik

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