Category Archives: International

Post PNG Releases Stamp

By : Post Courier

 

Post PNG’s Philatelic Bureau yesterday launched two significant stamp issues to celebrate Christmas and commemorate 500 years of Lutheran reformation celebration in PNG.
Post PNG philatelic manager Banian Masiboda said this is a double and timely celebration that relates meaningfully to the festive season by conveying the birth of Jesus and celebrating the Christian faith.
Issued in stamp sets and souvenir sheetlet and souvenir sheets, the annual Christmas and the 500 reformation commemorative stamps are definitive stamps now available for collectors and customer use.
The 2017 Christmas greetings stamps feature selected greetings from each local dialect of PNG and also define how the country celebrated the festive season with pictures of church buildings, families standing together and other Christmas themes.
“The subjects featured on our postage stamps are of great significance to Papua New Guinea, the region and the world. In a nut shell postage stamps play a major role as a vessel, conveying important messages to all the four corners of the world,” Mr Masiboda said.
“This is the right time for the stamp issues to be released so hopefully our people around the country will be blessed by this release”, he said.
Special projects and strategy manager Kenei Gumaru says the commemorative stamps which began selling yesterday on line via Post PNG Website has created a lot of interest and demand in Europe, German, Australia, UK, US and PNG.
The Reformation 500 years stamp is themed, “Liberated by God’s Grace” and has been described by chairman of Lutheran 500 years Reformation committee, Kingston Alu as a, “great and special moment” for the church.
“This will show other Lutheran communities around the world that we have also taken part in celebrating the 500 reformation anniversary”.
Mr Gumaru said at the end of the year Post PNG also produces an annual stamp album containing around 10-12 stamps issued with all the stamp background and may be good souvenir or a gift pack to give a loved one during this festive season.

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Miss Png On Path To Promote Tourism

Source: PC Online

BY JERRY SEFE

The 2017 Miss Pacific Islands pageant continues to grow and has proven so much over the years that the annual event is not just about beauty contest but a testament for Pacific women.

The event creates a platform for the contestants to play crucial roles within their respective communities in bringing about changes to create a positive environment for all.

In doing so, it’s also recognised as a launching pad that helps women and young girls excel in life changing careers to be role models for the ever growing female population in the Pacific nation.

In a recent Miss Pacific Island contest in Nadi, Fiji, nine contestants were given the privilege to represent their countries to speak on issues affecting their respective communities and societies in bringing about positive outcomes on how to address these issues.

During the event an in-depth presentation were delivered by the ladies on their selected interview topics on the issues of gender equality, education, tourism, politics, culture, climate change, technology, environment and health.

Miss PNG, Niawali Twain, (pictured) who was the Papua New Guinea MPIP ambassador, presented discussions on what type of tourism the Pacific region should focus on.

Miss Twain spoke about niche markets such as natural, wellness, beauty, health, culture and sports that are now putting Pacific Island nations on the global.

She said ecotourism in fact promotes preservation of the natural environment and it is important to the Pacific because of its long term sustainable development, low carbon footprints, and has positive impact on local economies.

“Cultural tourism preserves our traditions, as well as wellness tourism where all in the region have natural wellness ingredients readily available to everyone” said Twain.

Meanwhile the fundamental aspect of the topics presented by the pageants was to ensure everyone have equal access to resources and opportunities including economic participation and decision making to empower their nations.

Twain said through carrying out proper awareness and educating people which is the key to drive the people of the Pacific forward in future.

PM: Best Budget in 16yrs

By CLIFFORD FAIPARIK (The National )

 

PRIME Minister Peter O’Neill says the 2018 national budget, passed by Parliament last evening, is the best he has seen in the past 16 years, including when he served as the Treasurer.

He yesterday criticised the Opposition response to the K14.7 billion budget, calling on Shadow Treasurer Ian Ling-Stuckey to withdraw his “fake budget” remark.

“This is very disappointing as it will give a bad signal to our international investors. I’m calling on the Shadow Treasury Ian Ling- Stuckey to withdraw his statement,” he said.

“This is by far one of the best budgets that I have ever seen since I have been in this Parliament for 16 years now. That includes the budget that I have presented as well.”

O’Neill had served as a treasurer in the Sir Michael Somare-led government.

“I say this because this budget is now putting us on a course to make sure that this country’s economic base and growth will be such that it can be self-sustainable,” he said.

“So it is quite disappointing that some of the terminologies that he (Ling-Stuckey) used are unbecoming of leaders of this honourable house. We have to be careful of how we portray the image of our country, our parliament and ourselves.

“Sometimes for short political convenience and point-scoring we say things and do things that are not really in the best interest of our country. We have to be constructive.

“It’s always easy to have a blame-game going on in politics. But some of us want to move ahead and met the challenges ahead of us.”

Before it rose for the Christmas break, Parliament passed the Tax Administration Bill 2017 and the Public Money Management Bill 2017. Parliament will resume sitting on Feb 6 next year.

New APEC Stamps Launched

By : Post Courier

 

Papua New Guinea has become the first country to release a series of APEC stamps which feature sustainable development goals, according to United Nations representative coordinator Mr Roy Trivedy.

Mr Trivedy’s remarks came after he officially launched the stamps at the Post PNG headquarters in Konedobu, Moresby South.

Mr Trivedy said the United Nations Development Programme (UNDP) and Post PNG have produced this series of collector’s stamps featuring sustainable development goals and APEC.

The unique series of stamps showcase the five sustainable development goals of people, prosperity, planet, peace, and partnership along with a special APEC stamp.

Each stamp illustrates a look of Papua New Guinea’s contributions to sustainable development and the rich and unique culture of the country.

“Nowhere in the world has these stamps ever been done on the systems of development goals. No other country has done it and APEC is the biggest single event in our country and our history.

‘‘I am thrilled and proud in a small way, to have contributed to this, which began as a little Idea to what it is now. It is going to earn post PNG a lot of money,” said Mr Trivedy.

He spoke on how the stamps showcased Papua New Guinea as an emerging global leader on the theme of growth and sustainability.

 

Miss PNG Flying Our Flag at Fiji Pageant

By : The National

 

MISS Papua New Guinea 2017 Niawali Anastasia Twain is among the nine beauty queens contesting the annual Miss Pacific Islands pageant in Fiji.

Twain, 23, from West New Britain and Manus, travelled to Nadi on Wednesday on Air Niugini and was accorded a special welcome by the crew and invited to the cockpit.

The participating this year come from American Samoa, Samoa, Cook Islands, Fiji, Nauru, Solomon Islands, Papua New Guinea, Tonga and, for the first time in the 40-year history of the pageant, a Miss Rapanui from Easter Islands.

The event is being hosted by the Nadi Town Council at Prince Charles Park, costing F$200,000 (about K330,000) as part of a tourism drive.

The theme this year is “Climate Change to sustain our islands –based on the COP23 Outcomes”.

The programme proper will begin next Wednesday, Dec 6, with a topic presentation, stage interview and sarong wear show.

The crowning in next Saturday.

The crown is held by Miss Pacific Islands Fiji Anne Dunn.

Miss Papua New Guinea Abigail Havora was crowned Miss Pacific Islands in 2015.

Australia ‘GIFT’ a New International Fiber Cable to PNG

1st December

The much talked about New International Fiber Cable from Port Moresby to Sydney will be a ‘GIFT’ from the Government of Australia to the people of Papua New Guinea.

Highlighted in the 2018 National Budget, the 1,800km of Fiber Cable would costs about $USD95m to build and would be in operation in 24 months.

This new Fiber Cable when in operation has the potential to lower internet costs and brings faster speed to Papua New Guinea.

The New Fiber being called as APNG3 and will carry ‘Terabytes of Capacity” can bring up to USD$500 millions annual revenue if managed properly.

Government Clamps down on Corporate Veil – Corporate Firms pays more Taxes

A look into 2018 National Budget

1st December 2017

Currently, a “corporate veil” exists which does not allow the CG to collect the income tax from the company’s holding company or related companies even if it has been distributed as a dividend or transferred as a non-monetary asset to those group holding companies.

In this Budget, the Government will remove the “corporate veil” to make the parent (holding) company and other groups of companies liable for the tax liability incurred by the subsidiary company. This will allow the CG to collect tax distributed as dividends or transferred as a non- monetary asset to other Group companies in PNG or overseas.

This measure will be revenue positive in the medium to long term and is expected to be effective 1st January 2018.

There are cases where large corporations’ profits generated from business operations in PNG pay little or no income tax with profits paid over to its holding companies largely as dividend payments. The paying of the company’s cash as dividends in conjunction with the reduction in the company’s non-cash assets leaves the IRC unable to collect any outstanding tax liabilities from the company.

These large corporations may have a large tax liability and be stripped of all assets leaving the Commissioner General (CG) unable to collect income tax assessed to the company.

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