Tag Archives: Infrastructure

PM O’Neill Arrives in Vietnam for APEC Summit

**** – Key Focus is on Enhancing Growth in Developing Economies ****

Apec - vietname2

The Prime Minister, Hon. Peter O’Neill CMG MP, has arrived in the city of Da Nang, in Viet Nam, for the 2017 APEC Leaders’ Summit.
On his arrival, the Prime Minister highlighted the importance of the APEC policy agenda that will help boost growth in key sectors of the Papua New Guinea economy.
“APEC is an important forum for growth and development in our region, and in the coming year will be even more important for Papua New Guinea when we host Leaders from around the region.
“The whole focus of the APEC Leaders’ Week is to strengthen our capacity to trade and to grow our economies.
“Through APEC we have the opportunity to generate more business, and that in turn creates more jobs.
“As a developing economy in APEC, Papua New Guinea also has the opportunity to strengthen capacity and skills in key sectors around the country.
“APEC is more than a single meeting each year, but it has a broad agenda covering agriculture, fisheries, women in the economy, transport and many other sectors that are vital for Papua New Guinea’s growth.
“Ultimately our work through APEC in these sectors is delivering direct benefits for our people.
“This APEC meeting will have a strong focus on adopting better digital technologies.
“For Papua New Guinea, expanding into the digital age, particularly for remote and rural communities is very important.”
The week-long series of APEC meetings also includes the 2017 APEC CEO Summit at which the Prime Minister will deliver an address.
“We have a number of Papua New Guinea business leaders who have come to Vietnam with our delegation.
“At the APEC CEO Summit our business representatives will be working to build better links with companies in Viet Nam and around the region.”
The Prime Minister is accompanied by the Minister for Foreign Affairs and Trade, Hon. Rimbink Pato MP, and APEC Minister, Hon. Justin Tkatchenko MP.

Opening Address to Parliament – Prime Minister Peter O’Neill

Address to Parliament by

Hon. Peter O’Neill CMG MP

Prime Minister 


22 August 2017

Mr. Speaker,
I thank His Excellency, the Governor-General of Papua New Guinea, Grand Chief Sir Bob Dadae, for his opening address to this Honourable House this morning.

Mr. Speaker,
Please allow me to express the Government’s appreciation on this occasion, and at the same time Mr. Speaker, to take this opportunity to welcome all Members of Parliament on both sides of the House. 
Our people have placed their trust in all of us to represent them in this House so we can continue to stand-up for the interests of our great Nation.
Now is the time to be united behind this common trust that our people have place in us.
Now is a time to put aside personality politics.
It is a time to debate policy and ideas that will advance the interests of all Papua New Guineans.
As a Government, we will continue to build on the foundations that we laid over the past five years.
We went to elections with a core set of policies, and the voters embraced these policies.
Working with our coalition partners in Alotau, we have further strengthened these policies, and this going to be is the agenda that we bring to this Parliament.
We have the mandate of the people, and we will honour this mandate given to us through our words and through our actions.

ECONOMIC FOUNDATIONS
As a Government we must maintain focus on strengthening our economic foundations of our Nation.
We will review the revenue that our Government currently generates.
Through this process we will identify areas where we are not reaching our true potential, and to increase these revenue streams.
This will involve the development of a comprehensive Medium-Term Revenue Strategy to stimulate revenue-led growth for our economy.

REVENUE AND DEBT REVIEW
Alongside this assessment of revenue, we will undertake a very comprehensive review of expenditure and our debt management strategy.
We acknowledge that debt is an essential part of life for Government and business alike. 
We must continue to think long-term and continue to apply sensible debt management.
Our economy is in a strong position compared to similar economies around the world, and we will continue to review this position and make positive change.

EXPANDING ECONOMIC PARTICIPATION
An important element in facilitating true economic growth is sharing the gains so that all people benefit.
Our Government, working with our agencies of Government and international partners, will expand the delivery of economic inclusion programs.
We will continue to increase financial literacy and access to credit in the formal economy.

SME DEVELOPMENT
Over the last 40 years, one key business short-falls has been our country’s ability to grow the SME Sector.
While we are open to inviting more foreign direct investment, we need there to be a more level playing field especially in the SME sector.
We are delivering a comprehensive strategy that will grow this sector into the future.

RESOURCES PROJECTS
When it comes to large-scale projects, global companies continue to maintain the highest level of confidence in our oil, gas and mineral sectors.
We are working with TOTAL from France, ExxonMobil from the United States, Oil Search and other companies so that we can develop the next level of LNG production in our country.
At the same time, we know that our value-add strategy coming from this is one that we must advance so that our people and our country continue to benefit more.
We will advance plans to establish a petrochemicals industry in our country over the coming years.

LAND OWNERSHIP
We also need to work harder so that we can continue to support land ownership and equitable benefit sharing that our people are demanding.
We want to ensure that traditional owners can truly benefit from the resources that they and their communities have possessed for thousands of years.
To this end, we are committed to a review on ownership rights of resources in our country.

FORESTRY
Our forestry sector is another resource where we can value-add.
For far too long, Governments have had a less than transparent visibility of this industry where a blind-eye has been turned to issues blatantly before Government.
In this term of Government we will legislate for sustainable forestry development, and we will continue to increase landowner participation in this industry.

TOURISM
A further area of great potential for our people is tourism in this country.
There is so much that we have to offer the world tourism market, and to offer to our own domestic tourist market.
We must strengthen tourism infrastructure, this includes not only building hotels, but other infrastructure like sea ports and air ports.
As agreed in the Second Alotau Accord, we will promote and establish associated infrastructure for the tourism Hubs in our country.

INFRASTRUCTURE
The economy of our nation can only move forward if we have the right infrastructure in place.
Over recent decades, infrastructure has been left to ruin, and has not kept pace with a growing population.
Through the Second Alotau Accord, we have committed to opening up missing links, especially road and bridge links between many of the isolated communities right throughout the country.
We are determined to bring other infrastructure such as power and telecommunications, and make them cheaper.

LAW AND ORDER
Over recent decades, Papua New Guinea has suffered from a negative reputation because of Law and Order issues.
Through the policy initiatives of the Second Alotau Accord, we will create safer and more secure communities.
Our Government is committed to continuing the recruitment of well-disciplined police men and woman, and also other disciplined forces, and equipping them properly so that the can do a fair job.
We will also review legislation that governs all of our disciplined services, to ensure far better accountability so that there is far better command and control structures in place.
Today, in many parts of the country the judiciary and legal system are also gaining access to better infrastructure.
At the same time, our judiciary and legal infrastructure will continued to be enhanced and updated.

EDUCATION
Free education for our children has certainly changed the Nation and launched a new path for many Papua New Guineans.
Over the past five years we have placed more than one million additional children in school.
The first five years of free education has come with a lot of challenges, we are the first to admit this.
Our clear focus now is on improving the quality of education for all of our children.
We also need to keep increasing the number of Papua New Guineans who are getting trade qualifications, as well as expanding their academic qualifications through universities.
We are committed to establishing of an Education Endowment Fund that will further enhance quality education being delivered throughout our country.

HEALTHCARE
Providing healthcare to remote and rural areas remains a core Government policy.
Access to hospital care should not be restricted to urban areas only, and in this term of Government, we will continue to build and rehabilitate district and provincial hospitals.
We will continue to work with churches, NGOS and partner Governments, to strengthen our healthcare services.
We will subsidise specialised healthcare, and we will improve the collation and use of health data and wellbeing indicators. 

POPULATION
We really do not know how many people live in our country.
We have estimates, but these are not accurate enough.
We need to re-establish a National Data Collection Centre so that we can plan better and we can develop policies that better reflect the population distribution in our country.
Accurate population data is key for proper Public Policy planning and monitoring. 
We must aim to keep our economic growth above our population growth, and we can only do this by having access to reliable data so that we can monitor these very indicators as we move forward.

FOREIGN POLICY
We live in an ever-changing and globalising world, it is essential that we position ourselves to be a functional and respected global citizen.
We will continue to grow our trading opportunities and partnerships with many other countries within the region.
We will continue to build our multi-national relations that we already have.
Papua New Guinea is now the incoming host of APEC.
In November next year, the twenty Presidents and Prime Ministers of APEC’s other Member Economies will visit our country.
This is an opportunity to showcase our country to the world.
It is an opportunity to change the way the world views our country.
Papua New Guinea’s APEC will have very Pacific-style Hospitality along with world-class security arrangements.

CONCLUSION – POSITIVE FUTURE
We will continue to be a Government that Governs for all Papua New Guineans.
We must unite all of our people for the betterment of their lives and our country.
We will execute the mandate that has been entrusted to us with diligence and compassion.
We will work day-and-night to deliver the infrastructure and the services that will continue to strengthen our economy and our communities.
This is our pledge that our Government makes to our people.
We thank our Nation and this Honourable House for the mandate that has been bestowed upon us.
We will certainly not let you down, and we will deliver to your expectations.
God Bless Papua New Guinea.

PNG Has Potential To Expand In LNG

August 18th, 2017 | Post Courier

BY MELISHA YAFOI

Papua New Guinea has a huge potential to expand in the liquefied natural gas area.
Oil Search managing director Peter Botten said this yesterday during the business breakfast with the Prime Minister Peter O’Neill.
Mr Botten outlined that PNG was in a tremendous position to expand in LNG production because it has more fully discovered gas resources.
He said the fields have more than 10 tcf of gas available for new investment with six and half which will be in the Elk Antelope field and extra resources from the PNG LNG fields, and Pyn’yang to add to the production value.
He said LNG can positively impact the economy with the right environment because both oil and gas can then double over the next five to seven years.
However, he said the prerequisite is for developers to be directly engaging with landowners and the country to ensure surveys are being done and fair distributions of have been made to all parties from existing projects.
Mr Botten stressed that the industry now must demonstrate the value of the projects and their value in distribution.
“We certainly need to improve our benefits for our projects and when new projects can be contemplated. Benefits delivery from the PNG LNG must improve and landowners must be paid.
“The money is there, some has already being paid and the barriers with the distribution must be removed.
Over K3 billion has been paid by the project in royalty, development levy and equity distribution to state landowners since 2014,” he said.
Mr Botten said that the oil and gas market is oversupplied due to global oil and gas prices which is relatively low as a result the market is expected to remain oversupplied early into the next decade.
He said that is a competitive scene with a growing demand for the PNG LNG market because of the low prices which will attract new customers.
“The reality is that without these sanctions of new LNG projects over the next four years or so there will be shortage of LNG by the middle of the next decade, and prices will rise as a result the economic position of the billion kina project and the financing of it will continue to be challenging.
“Discussions have commenced on further expansions of LNG and developments on Papua LNG might occur. It is now essential for the new government and all stakeholders for the next phase of the industry’s development,” he added.

Museum Planned For APEC Haus

August 18th, 2017 | Post Courier

BY ROSALYN ALBANIEL

Prime Minister Peter O’Neill yesterday announced plans to have the APEC Haus, converted into a museum after the country hosts the 2018 APEC summit.

Mr O’Neill, who was the guest speaker at the 2017 Prime Minister’s Breakfast organised by the Business Council of PNG (BCPNG). The event which was packed to capacity.

Prior to announcing these plans, Mr O’Neill clarified that, contrary to the assertions of critics that the government was spending billions of kina to host this event was not true.

“We don’t have billions to spend to host APEC summit. The government is trying to deliver this in a most cost effective manner possible.

“As I said some of the infrastructure which is APEC related is what we will use in the future, like the APEC Haus.

“Once the event is finished, we will convert it into a museum to display our culture, artifacts that our kids can go and visit rather than it be hidden out there at Waigani

“It will be on main treet so our kids can see what our country has to offer.

“We are working towards developing a world class museum. I am sure many business leaders travelled to places like Berlin and visited the museums and seen the PNG artifacts sitting there and the collection they have, they are world class.

“Rather than others having access, our people need to have access to a world-class collection so we are working to developing one. It will be something that will be here in 100 years time,” he said.

Business Breakfast Speech,17 August 2017

Speech by Hon. Peter O’Neill CMG MP Prime Minister of Papua New Guinea – Business Council of Papua New Guinea – Business Breakfast, 17 August 2017

Good Morning.

It is a pleasure to be with you this morning.

Engagement with the business community has always been a priority of our Government, and this will continue.

It is important that new Minister and Members of Parliament meet with you.

We have just come through a long election period, over three months.

The election had its share of challenges, in logistics and process, and we are undertaking a post-election review to make improvements in the way we conduct elections.

At the same time, this was one of the most peaceful elections of recent times.

There were disturbances and unfortunate incidents in some provinces.

But when you compare this to the violence in the 2012, 2007 and 2002 elections, we can see change taking place.

Right around Papua New Guinea we are seeing change – this is change in social and economic development, and change in community attitudes, in the electorate and the voters.

Our Government is proud to have the mandate to continue driving positive change.

We are grateful for the support given by our people to continue our core policy agenda.

We are also grateful for the support of the business community for our Government.

We will again be a business-friendly Government and consult with all stakeholders.

Current policies will evolve and new policies will be introduced.

There will be further regulatory reform to keep pace with changes in the global economy.

But we can promise you that we will continue to be a Government that does not impose unwanted surprises.

We believe in policy evolution, and we will always consult with business.

POLITICAL STABILITY

A very important factor in this is that the business community needs stability.

After decades where Governments changed every few years, and business never knew who would be in office one year after the next, that has all changed.

Over the past fifteen years, there has only been two Prime Ministers.

This is unprecedented in our country.

There are not many countries in the world who are able to maintain that level continuity in Government.

Now moving into the seventh year after our Government first came to office in August 2011, we will continue to deliver stability that the business community wants.

We know that maintaining political stability is key element in maintaining business confidence.

BUSINESS CONFIDENCE

The concerns that confront business today are known to our Government.

We know that business wants to know how Government is addressing the availability of foreign exchange.

I understand the genuine concerns you have, and the impact that the availability of FOREX has on your businesses.

The Bank of Papua New Guinea continues to have our full confidence, and I believe, that they are managing this issue responsibly.

The Central Bank’s intervention in the foreign exchange market has been sensible.

Foreign Reserves are currently sufficient for 10 months of total import cover.

Our Government hears the concerns that have been raised by business, and we are working to ease these pressures and ensure this issue is attended to in a timely manner.

We are also redoubling our efforts to bring online major impact projects in our country.

These projects will positively impact foreign exchange reserves, they will also deliver much needed jobs for our people, and reliable contracts for our businesses.

BUSINESS ENGAGEMENT

Our attention to business engagement and empowerment is from the largest to the smallest businesses.

When it comes to large-scale projects, that will generate thousands of new jobs and create new revenue opportunities for our country.

Companies, including ExxonMobil, TOTAL and Oil Search, continue to maintain the highest confidence in our oil and gas sector.

Other investments are coming online, particularly in the mining sector.

The Government is fully committed to these developments, and the number of others at various stages of advancement and approval processes.

As we move forward, we also have a renewed focus on being more self-sustaining in manufactured products.

As a resource-rich nation, combined with a committed and better trained workforce, we must become more self-reliant.

Where we can produce more locally, and we must do so.

We will continue to diversify our economic base to create greater opportunity in sectors that include – Agriculture, Tourism, Forestry and Fisheries, to name a few.

We need to stop going through the boom and bust cycles.

We believe the downstream processing of our raw products offers opportunities to increase employment, and to add significant value to our exports.

We must make better use of our food produce to reduce our reliance on imported goods, and to enhance food security in our country.

We will widen the scope for manufacturing industries and create employment opportunities, and ensure we keep up with new technologies and access new markets.

Over the last 40 years, we have been slow to grow the formal SME Sector.

In the coming years we will deliver a comprehensive small business strategy, including the re-introduction of the Stret Pasin Stoa scheme that has been popular with our people.

POLICY AGENDA

During the election, we presented our core policy commitments, and refined these further into the Second Alotau Accord.

This built on our policies of the past term of Parliament, and will continue to be strengthened.

At the heart of our policy agenda is our people – the Men, Women and Children of Papua New Guinea.

We must be custodians for their economic wellbeing.

In Alotau, our Coalition partners agreed to policy initiatives that will drive real development for our people.

MAINTAINING ECONOMIC GROWTH

Over the past five years we have maintained positive economic growth, despite a very challenging global environment.

Our economic fundamentals remain sound, even when facing pressure, and continue to be maintained through careful and sensible management.

The National economy is projected to continue grow at 3 per cent this year, and build on previous years of positive economic growth.

At the same time, similar economies around the world are facing economic decline.

We are running a deficit budget, and that is the sensible considering the pressures on the economy at the current time.

We cannot sit and wait for the global economy to recover, we must continue to invest in our people, and we must continue to invest in infrastructure in key sectors.

The global economy is recovering, and we have to continue to ride the end of the storm as economic conditions improve.

Prices for our key mineral exports are still trending at low levels, but better than in 2016.

To mitigate the risks and ensure macroeconomic stability, our Government will continue to carefully monitor economic developments affecting revenue streams.

We will deliver a 2017 Supplementary Budget, as a natural course of action for any new Government.

The Supplementary Budget will ease financing pressures, while ensuring the ongoing delivery of essential services.

Particularly in core policy areas, we will make necessary adjustments to achieve the fiscal deficit target of this year’s budget.

We are not contemplating new taxes as part of the 2017 Supplementary Budget.

Our critics can say all they want, but in the previous term of Government we did not raise taxes.

We will continue to focus on achieving sustainable economic growth and maintaining a sound fiscal path.

Attention will continue on revenue generation to support social development objectives.

We will continue to enhance the quality of government expenditure and manage debt to maximise growth.

With support from the IMF and World Bank, we are currently reviewing a study of the medium term fiscal strategy to ensure that our budgets are framed prudently.

In the 2018 National Budget there will be a renewed focus on implementing a revenue system that is just, efficient, and responsive to the needs of our country.

We are not increasing taxes, but ensuring it is fair for all who should pay tax.

APEC PAPUA NEW GUINEA 2018

Over the coming year, Papua New Guinea will host APEC.

Over recent years the reputation of our country has been enhanced in the International community.

We will continue to strengthen relations with our close trading and cultural partners, and foster greater people-to-people exchanges.

The economies of APEC account for more than half of global trade, and we are expanding our access in these markets.

In November in 2018, the Presidents and Prime Ministers of APEC’s 20 other Member Economies will visit our country.

This creates a unique opportunity to showcase our country to the world.

Business leaders from the APEC region, and around the world, will be in Papua New Guinea and carry with them greater trade and investment opportunities.

Through APEC we have access to technical co-operation, capacity building and sectoral exchange that will help so many of our industries.

There will be more than 15,000 overseas visitors coming to Papua New Guinea for APEC over the coming year.

Collectively, delegates and their Governments will spend well over 100 million Kina on accommodation, air fares and other expenditure in Papua New Guinea over coming year.

This is additional stimulus for our economy, on top of National investment in APEC infrastructure and services.

CONCLUSION

Our door will always be open to business, we will consult fully on policy and regulation, and we will take your advice on creating jobs.

The future is bright for business in Papua New Guinea.

We are dealing with challenges, but there is light at the end of the tunnel.

Business and Government must work together in the interests of our Nation, and better outcomes for all participants.

I look forward to positive outcomes from this forum, and the continued expansion of business and investment in Papua New Guinea.

Thank you.

Future City Concept Embraced

Post Courier

August 17, 2017

National Capital District Governor Powes Parkop has embraced the Port Moresby Future City concept for The Papua New Guinea (PNG) International Business Summit 2017.
In a statement the governor said: “We are investing heavily in Port Moresby as a future city. As you know one of the highest objectives is the welfare of all that reside in the city,” he said.
“So I am encouraged when I see the determination and enthusiasm of the Port Moresby Chamber of Commerce, its members, the delegates and the businesses that have shown their support for the Summit.
“Next year Papua New Guinea will be in the world spotlight when we host the Asia-Pacific Economic Cooperation summit. Already there are massive preparations underway for this event in our capital city.
“I am heartened that the Port Moresby Chamber of Commerce is leading the way in opening an important dialogue in to how our capital city should operate,” he said.
The governor will host a pre-summit cocktail function on the evening of Monday August 21, along with Sakias Tameo, Acting High Commissioner of PNG to Australia and James Ovia, Consul General, based in Brisbane.
An invitation has been sent to all summit delegates, speakers and Summit Expo exhibitors to attend the pre-summit cocktail function.
Governor Parkop is also due to give his vision statement for Port Moresby on Day 1 of the Summit, Tuesday August 22.
He will then join Bank South Pacific the platinum sponsors of the summit, in the evening as host of a gala dinner.
Highlights of this evening meet will include a on-stage chat between journalist Kathy Novak and inspirational Australian veteran of the war in Afghanistan Damien Thomlinson and a newly emerging PNG “girl band” The Vibe.
Port Moresby Chamber of Commerce and Industry chief executive officer David Conn, said: “This is indeed the beginning of the future for Port Moresby, and the reinforcement of a close working relationship between the Chamber and NCDC.”

Ministers to Address Land and Housing Issues

 

It was a give-and-take commitment for development of Port Moresby for Housing Minister and Moresby Northeast MP John Kaupa and Lands and Physical Planning Minister and Moresby South MP Justin Tkatchenko.

The two leaders vowed last Friday to use their new ministerial positions to address housing and land issues in the city. Mr Kaupa said he would give ownership of National Housing Corporation houses back to the tenants in Moresby South electorate who have occupied and developed these properties at their own cost for decades. In return he wanted Mr Tkatchenko to address land issues particularly the conversion of settlements to suburbs in Moresby Northeast electorate, a request Mr Tkatchenko said he was willing to address.

Both leaders also said they would together with Moresby Northwest MP Sir Mekere Morauta and NCD Governor Powes Parkop to ensure that everyone in the city benefited from their plans.

“It‘s about working together as a team; it wasn’t done properly in the past five years and I look forward to working with Sir Mekere and also with John Kaupa to ensure that we see development come on both sides from health, education and also with land issues and the bonuses now having John Kaupa as the Minister for Housing as it works perfectly together,” Mr Tkatchenko said.

This point was also reiterated by Mr Kaupa.

“Team work is very important. Whatever national politics and issues that we might have in affiliation of party let’s put them aside,” Mr Kaupa said.

 

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