Category Archives: Climate

Sir Ruben Taureka Higway Open

18th May 2015 – 12pm

The 14 km world-class four-lane highway from 6 mile junction to Bautama was officially opened today by Prime Minister and leader of PNC party Hon. Peter O’Neill who assured the people of Central Province about his government’s commitment in helping to build their city after the formation of government after August this year.

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Governor Powes Parkop who also attended the event with other dignitaries namely – Moresby South MP Hon. Justin Tkatchenko, Moresby North-East MP, Hon. Labi Amaiu, Moresby North West MP, Hon. Michael Malabag, BSP CEO Mr Robin Flemming, and Hebou owner Sir Thophilus Constantinou said since independence no other government like the PNC led government delivered in terms of road infrastructure for the country and made reference to the nation’s capital as the model city in the country.

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Mr Parkop said for many years previous governments had budget surpluses yet failed to develop the economic corridors of the country. He said the Sir Ruben Taureka Highway was a prime example of the current government’s commitment and vision shared by his office (NCDC), which was to make Port Moresby – ‘the pearl of the South Pacific.’

The 14 km road cost the national government K160.2m to build under the helm of Hebou Construction in Port Moresby,

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MANAGEMENT OF ECONOMY PRIORITY – O’NEILL

Australia-PNG Business Council
16th May 2017

PRIME MINISTER Peter O’Neill during his address at opening of the Australian-PNG Business Council in Port Moresby said it was important PNG and Australia continued its long-standing relationship, especially the bilateral trade relations between them.

He said in the past few years both countries faced challenging times whilst working to manage the impacts of the current downturn in the global economy described his government in making tough decisions to address the issue.

“We identified ways and deferred non-priority items. We also reformed many practises, both in government and SOE to manage our economy during the course of the global economic downturn,” He said.

Despite the current economic situation faced by Papua New Guinea, the national government continued its commitment through the delivery of essential government services and also the completion of vital national projects nationwide.

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“The theme of this forum ‘navigating the cycle and creating opportunities in challenging times’ is relevant for both countries. But in Papua New Guinea, the lessons of the recent drop in commodity price should deliver some tough lessons for us to learn from.”

Mr O’Neill compared PNG’s economy to many parts in Australia that have always been held at ransom by the ‘boom and bust cycle’ in the resource sector.

Despite the unfriendly economic climate, the national government was on task in helping to reshape the economy whilst broadening its economic base.

He said we needed to manage our economy and move away from the ‘boom and bust cycle’ since we could not afford to rely on the resource sector forever.

“At the height of the boom energy prices, our government received revenue over K2 billion per annum. However at the bust in energy prices our revenue declined to a mere K200 million per annum,” Mr O’Neill said.

Onshore Processing for Fish and Logs – O’Neill

By: PNGloop – 15 May 2017

Prime Minister Peter O’Neill has announced that plans are afoot to ensure all fish and logs resources are processed on shore.

Speaking during the Australia-Papua New Guinea Business Council Forum in Port Moresby today, O’Neill said it is the Government’s intention to have on-shore and downstream processing facilities for both the fisheries and logging sectors.

He said less than 25 percent of all fish caught in PNG waters were processed in PNG, meaning the country was losing out on around K350 million per annum.
“Today, I want to announce that we are reviewing all the agreements that we have with all the fishing companies and of course, the agreement with all the fishing processing companies in Papua New Guinea so they can comply with the agreements that we have,” the PM said.

“Our plan is that all the fish caught in Papua New Guinea must be processed here or on the very least, processed on shore.”
O’Neill added that all log exports will cease by 2020, with all logs to be locally processed.
He said this will create more businesses and employment opportunities for locals.


“All timber cut in Papua New Guinea must be processed on-shore. And we will work closely with companies who are already operating in Papua New Guinea in ensuring that this particular industry produces enough through the downstream processing opportunities that can enable the growth of housing industry and construction industry in our country,” said O’Neill.
O’Neill reiterated the government’s commitment to improving the business environment through investments in infrastructure.
He said this will pave the way from the government to broaden economic base and not rely on the resource sector, which is often subject to a ‘boom and bust’ cycle.

PM O’NEILL LAUNCHES K23 MILLION AGRO-FARMING

Friday April 14 2017
Enga Province celebrated another milestone achievement with the opening of one of the largest Agro farming operations in Enga Province.
Prime Minister Hon. Peter O’Neill opened the K23 million Innovative Agri Industrial centre at Surinki that will supply 200 tonnes of fresh produce for the both the local and international market.

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An elated Governor Sir Peter lpatas, said Engans were known to turn disadvantages into advantages through education where prominent Engans led in all sectors of the nation and soon in Agriculture also.
In what was an abandoned agriculture station, riddled with tribal fights, stands today a modern agriculture industrial centre, built under a Public Private Partnership with Innovative Agro Industry. The IAI centre will become the nucleus agro farm that will engage hundreds of local growers throughout the province.
Governor Ipatas said the Innovative Agri Industrial centre would supply the nation with quality potatoes, onions, carrots and a variety of strawberries that will also be exported to overseas markets.
Amongst the many farmers engaged by the IAI centre, twelve young men and women underwent extensive academic and practical training in Israel to provide extension services to farmers in their communities.
PM O’Neill officially opened the farm, and presented K5 million to the Governor from the national government and congratulated the Governor, the people of Surinki for delivering the project ahead of schedule despite numerous challenges.
The PM said that such ventures were part and parcel of the policies delivered by the O’Neill-Dion Government that create opportunities for Papua New Guineans in rural areas.
Executive Chairman Illan Weiss of the IAI centre said the project also included the 9 mile farm outside Port Moresby, Koroba and Tari Piwa farms in Hela and the soon to build, llimo Dairy Farm in Central Province. He also said the SHP IAI centre and the development of agriculture in East Sepik are part of the development plans for the agriculture sector in the country.

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Private Sector Urged to be Responsible : Fleming

By: Post Courier 

 

PLANNING and focus from both private and public sectors is needed in these tough economic times, says Bank South Pacific chief execuitve officer Robin Fleming.
Mr Fleming in his presentation at the 2017 Leaders’ Summit in Port Moresby reaffirmed that the country’s economic performance was not as robust as previous years.
He said therefore everyone needs to take responsibility of their own businesses.

Robin Fleming – BSP Chief Executive Officer


He said PNG was a commodity-based country and like others was subject to commodity price fluctuations.

He said the alignment of the budget should be based on availability of revenue even if the government still has to maintain some form of expenditure to enable services delivery.
“We need to contextualise our economic outlook and economic outcome, understand how we perform in the context of our region.

“We cannot hide behind other markets.
“We have to be critical is assessing everything we do, a critical assessment is not a negative assessment a critical assessment needs to include positivity,” he said.

Mr Fleming said despite the downturn there were many positive signs in sectors all around PNG.
“Private sectors can’t always blame government.
“We have some responsibility for our own outcomes.

“There has not been any major change in the platform of government.
“All businesses knowing the economic activity will start to find in the PNG LNG has not been quite strong as it has.

“We are all responsible for the planning and focusing for our economic activity.
“Government will do what it can and private sector will have to do what it needs to do,” Mr Fleming said.

He said the issue of foreign exchange remains unchanged adding that with the closure of Ok Tedi Mine due to El Nino the country had lost US$300m which can’t be returned.

“With some proper planning and some cash flow management, understanding what the trade cycle is, understanding the terms of trade most businesses are able to get their payments made in a very small period.
Businesses should now have long term and medium term cycles to work alongside the government and understand opportunities which will present themselves in 2018 and 2019,” he said.

Australia confident of PNG’s Economy

By MATHEW VARI


AUSTRALIA maintains its confidence in the Papua New Guinea economy with renewed investment to strengthen economic ties despite the tough economic climate at present.
Australian High Commissioner Bruce Davis told yesterday’s leaders’ summit in Port Moresby about Canberra’s enduring ties which extend to the business front with strong economic two-way trade.
“Our deep enduring ties extend to business trade and investment, reflecting our strong economic partnership,” Mr Davis said.

Bruce Davis – Australian High Commissioner


“Two-way trade is worth around K14 billion with about 64 per cent of trade exported from Papua New Guinea to Australia.
“This wasn’t trade of just traditional commodities like gold and petroleum – Australia imported almost K100 million worth of coffee from your growers last year, 30 per cent increase from the year before.”
Mr Davis pointed out investments by Australian companies currently stand at around K45 billion in a diverse range of sectors from banking and finance, tourism and legal services, mining oil and gas and others.
He highlighted the importance of bilateral trade investment as a major reason to establish its consulate-general office in Lae.
“There is a market in Australia for cocoa and other agricultural products in Australia too. In fact one Australian iconic chocolate company sources a significant percentage of its cocoa from Papua New Guinea due to its very special and unique flavour.
“This reflects our continued confidence in the economic future of Papua New Guinea. We recognise that Lae is an important commercial hub of Papua New Guinea, home to your largest port, largest manufacturing, and the gateway connecting the islands and the highlands. It is also home to a specific number of Australian businesses.”
The high commissioner maintained the importance of ongoing dialogue to the partnership for both countries to take advantage of opportunities and challenges that the two face, with both being resource based economies having felt the brunt of the recent downturn in commodity.
He maintained the need to harness the Asia-Pacific markets which can be beneficial with less red tape to trade freely to grow small and medium sized businesses.
http://www.postcourier.com.pg/Stories/australia-confident-in-png-economy/#.WNlWVJHXef1

All SABL’s Unlawful – ONeill

By BARNEY ORERE

PRIME Minister Peter O’Neill has confirmed that the National Executive Council has cancelled all licences and SABLs are illegal.

He said this in response to a community advocacy group Act Now which had been vocal about the land grab issue in relation to SABL – special agriculture and business leases.
“I have made a decision that I can make that is legally required of me and NEC, that is that we have cancelled all the licences, all the SABL licenses are illegal in this country.” PM O’Neill said.

“I think that its best that you ask the agencies like Lands and Physical Planning Department why are these licenses are still operating, that’s a very good question, you should ask them why they are still operating, somebody is not doing their job.”

“SABL licences are illegal in this country, but some people have disregard for the decisions that we are making and this is where Police and Lands and Physical Planning Department and agencies of our government should work together and stop these people”

“Most of them are not Papua New Guineans so why are they still in the country, they should be put on a plane and sent back home,” Mr O’Neill said.

Act Now says a new report, published by the US-based Oakland Institute, was a bold attempt to redress that balance, highlighting the suffering caused to ordinary women, children and whole communities by the failure to cancel the unlawful leases or control the logging and palm oil industries; people, like Ana Sipona, from Pomio who has seen her land stolen.

“The situation has gone from bad to worse. The land has been taken away from us. The land – it’s our life. For generations we have lived on this land and our ancestors survived on the land. Their livelihoods were based on the land and the forest. Now, it’s like the rug has been pulled from under our feet. There are lots of problems that we face because of the alienation of the land from the people. Things have changed drastically for the worse,” the community advocacy organization said.

Since 2013, the Prime Minister had repeatedly promised the unlawful SABL would be cancelled and in June 2014 the NEC endorsed the recommendation of a commission of inquiry that the leases be revoked.

Minister Benny Allen has not responded to calls and text messages seeking his comments on the SABL issue.
http://www.postcourier.com.pg/Stories/all-sabls-unlawful/#.WMcGbZHXef1

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