Category Archives: Trade

Todd set to stamp mark on London Runway

By ROSALYN ALBANIEL

 

Lae based fashion designer Sarah Haoda, will be Papua New Guinea’s first ever ambassador at an upcoming fashion fest in Europe.

This will be the first time ever that the fashion gurus in this part of the world will get a glimpse of the unique designs Papua New Guinea has to offer in this prestigious and highly competitive business.

Her initial reaction when she received the invitation from the London Pacific Fashion collective was one of nervousness but her faith and confidence in God helped rid of her of this and she is now focused.

“I want to thank my heavenly Father for His Grace is sufficient,” she boldly said.
“I want to extend my appreciation to the organisers for this opportunity of a lifetime,” Ms Todd said.
“I was nervous till a few days ago when I settled on my print theme, combination and colours,” she told the Post-Courier.
When asked on the range she will be show-casing she said and without revealing too much that it would be called ‘Kumul Queen.”
“I prefer to unveil on the runway but I will showcase the magnificent Raggiana Bird of paradise and incorporate the bamboo weave in natural brown, bright red and yellow to represent our national colours.

“I wish to promote our national bird because of its uniqueness, its importance, significance and the pride it brings us as Papua New Guineans.
“Since the theme is climate change I will draw attention to our country as one of the largest pristine tropical rainforests in the world, third to the Amazon and Congo basins,” she added.

Asked what her participation at this event, Ms Todd said it not just a reward but also the opportunity to inspire other young designers in country to follow the path.
She said the doors it will open are many but important for her is that she will be putting PNG on the map especially for the first time in this part of the world.

She extended her thanks and appreciation to everybody who have and undoubtedly will stand by her including her family as she makes this journey to the UK.

The Business Desk of the Post-Courier wishes her the best and God’s Blessings on this journey.

 

http://postcourier.com.pg/todd-set-stamp-mark-london-runway/

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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]

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.

$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.

Hosting an APEC Meeting is a very Effective way to Promote Tourism & Culture

*** Regional APEC Meetings to Deliver Real Benefits Around the Nation ***

Tourism will generate thousands of jobs in the coming years, and the hosting of APEC events in growing tourism hubs will make an important contribution to this growing sector.

The Prime Minister, Hon. Peter O’Neill CMG MP, was speaking with around two thousand PNC supporters in Kavieng when he assured them that their current local member’s threat to cancel the hosting of APEC next year is just hot air.

He said the election of Martin Aini as the PNC Candidate for Kavieng Open is the only way the district can advance with a dedicated elected leader who is committed to the interests of the district and the country.

“These claims by a single opposition member that he would cancel APEC cannot be taken seriously,” the Prime Minister said.

“I have already had to assure our APEC partner economies that he is just one opposition member from 111 in the Parliament, and has a record for making highly questionable statements just to get attention.

“If you ask almost any other member of the Parliament if they agree with Papua New Guinea hosting APEC in 2018, they would be supportive.

“The Kavieng Member’s threat to cancel APEC has also backfired because it would mean cancelling the APEC Tourism Minister’s meeting, part of which will take place in his district.

“The Member for Kavieng would take APEC away from his own electorate just political mischief.

“His four party members do not support him, and even the Opposition Leader is against such foolish tactics.

“Hosting an APEC meeting is a very effective way to promote tourism and culture in regional centres, as well as encourage skills transfer and local capacity development.”

The Prime Minister said people around the country are tired of candidates who are standing without any clear policies and who just want to run the country down.

“The only people who are knocking the economy are in the opposition.

“They have spent this whole campaign making false claims, talking the economy down, and never offering any real alternatives.

“The current Member for Kavieng has demonstrated that he is not in this election for his people, but for himself.

“That is another reason why the people of Kavieng need to elect an intelligent and balanced leader, and that is what you have in Martin Aini.

“Martin Aini is a leader who will work hard in his electorate and work in the interests of his people and the nation.”

The comments by the current Kavieng Member are at odds with his earlier statements where he embraced advancing national economic development through deepening engagements with APEC.

Prime Minister’s Office PNG June 1, 2017 at 5.41 pm

State Visit will Provide the Basis for Deepening Relations between Papua New Guinea and China

**** China’s President to be Invited for State Visit to Papua New Guinea ****

The President of China, H.E. Xi Jinping, will be invited to attend an Official State visit to Papua New Guinea when he attends the APEC Summit in November 2018.

The matter was raised during a meeting held by Papua New Guinea’s Prime Minister, Hon. Peter O’Neill CMG MP, with China’s new Ambassador, H.E. Xue Bing, in Port Moresby this week.

The Prime Minister said relations between Papua New Guinea and China are built on strong historical foundations and the State Visit will provide the basis for deepening this engagement.

“President Xi Jinping was one of the first Leaders to accept our invitation to attend the APEC Leaders’ Summit, and now we would like to extend our welcome through a State Visit at the same time.

“This will provide greater opportunity to advance direct bilateral engagement and investment, and for President Xi to see first-hand the development co-operation between our countries.

“China is a foundation customer for Papua New Guinea’s LNG exports, and the volume of trade and commercial relations in other areas continues to grow.

Papua New Guinea also appreciates China’s support in advancing education in our country.

“Our country is committed to a One China Policy, and this provides a basis for the strengthening of engagement and co-operation.”

PM O’Neill said China and Papua New Guinea will further continue working together in other global forums.

“Our countries have shared interests in many of the major challenges facing the world today.

“On climate change, we have a common desire to deal with this problem and co-operate in international forums to bring about global action.

“Papua New Guinea also shares similar views to China in relation to United Nations reform, in that the current UN model must evolve with the needs of the global community.

“The UN must be relevant to all members.”

PM O’Neill said the strengthening of people-to-people engagement is vital to growing the relationship.

“While Papua New Guinea and China formalised bilateral relations in 1976, our two Nations have long historical links through trade.

“For more than 200 years, Chinese people have come to our country and been involved in business.

“In the coming years we will continue to deepen this interaction between our countries with the establishment of direct flights between Port Moresby and Shanghai.

“This increased ease of travel will provide a further gateway to expand business and tourism, and also to establish more student exchanges.”

H.E. Xue Bing, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Independent State of Papua New Guinea, has previously served in diplomatic postings in Canada, Australia, Kenya, United States, New Zealand and Fiji.

Public Warned On Circulation Of Old Bank Notes

THE Bank of Papua New Guinea (BPNG) has strongly warned that K160 million in paper money it had designated to be destroyed had been hijacked, and some of it have found their way back to the country.
The bank said of the total amount, only K1 million has been recouped and now held in custody to be destroyed, while intense investigations are being carried out on the whereabouts of the rest.
The bank is also cautioning the public not be fooled by these old notes, which are illegal and cannot be used for business transactions.
With the national election in process and with large sums of cash in circulation, BPNG has urged members of the public to be wary and to report any sightings of these notes.
BPNG governor Loi Bakani said the demonitisation exercise had been undertaken by the Central bank to replace the paper money with the polymer or plastic notes.
Mr Bakani said the paper notes in denominations of K2, K5, K10, K20, K50 and K100 were sold to a recycling company in Europe in 2013.
They were loaded in a container for shipment to Europe but the container was hijacked.
He said the bank had yet to establish how this had happened.
“The border authority reported this was fake money that had come in from Indonesia. This is part of it. We have visited the boarder and we are also working with the banks and authorities on the Indonesian side on how best we can address this issue and get the money out of there.
“The unfortunate thing though is that some of it, mostly K20 and K100 are finding their way back into the country and people may think the polymer notes are fake money and won’t accept it. That is why awareness is vital.
“Because the paper money has been demonitised, it has no value and is not recognised as legal tender,” the governor said.
“The public is advised to check the serial numbers at the bottom of the bank notes. If you are receiving or are holding onto any of these paper notes with serial numbers that fall within the range of the serial numbers indicated, reject them outright.”
The serial numbers which will be published are as follows:
n K2, with a prefix’ of ABJ-AJS with numbers of a low 000001 and high of 003000;
n K10, with a prefix’ of AC-AY with numbers of a low 030000 and high 031000;
n K10, with a prefix’ of NBP-NES and numbers with a low 160000 and high of 173000;
n K20, with a prefix’ of BPNG with numbers with a low 0000001 and high of 3000000;
n K50, with a prefix’ of HTT-HUU with numbers with a low 080000 and a high of 090000; and
n K100, with a prefix of BPNG, with numbers of a low 0000001 and high of 6000000.
The governor said the demonitisation exercise had run for four years and those holding onto old notes had enough time to exchange them for polymer notes.
The time had lapsed and the bank would not be doing any exchanges because they are no longer legal tender.

 

 

http://postcourier.com.pg/public-warned-circulation-old-bank-notes/

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