The government has increased the Capital Investment Budget for 2023 as it focuses on ticking off its big ticket items before the country reaches its 50th Independence Anniversary in 2025. The Minister for Finance and Planning, Mr. Rainbo Paita, when giving his speech on the 2023 National Budget, thanked the Treasurer for the increase in the investment budget compared to the 2022’s Capital Investment Budget because it will ensure the department and its partners work towards achieving them. Minister Paita explained that the aggregate Capital Investment Budget for 2023 stands at K9.7billion, which is an increase of K1billion above the…
Author: Emmanuel MAIPE
Treasurer Ian Ling-Stuckey has finally handed down the 2023 National Budget of K24.5 billion, another deficit budget with greater focus on more investments to improve the economy and generate more achievements before the country’s 50th Independence in 2025. The money plan, which was deferred from last week is the largest to be handed down by any government and is a slight increase from this year’s K22.2 billion budget. The Treasurer announced that the 2023 expenditure of K24.5 billion is an increase of 10.8% increase from the 2022 budget with a revenue estimate of K19.6 billion, which the Treasurer said was…
The residents of Port Moresby city who are already tired of the ongoing power disruptions currently experienced, have been assured that the supply of power will improve very soon. Minister for State Enterprises William Duma said the matter should be resolved when the Kanudi and Moitaka gas fired power stations come back online after they were closed because of a major refurbishment of the machines at Rauna and the Sirinumu Dam. Duma explained that the situation started when PNG Power Limited decided to undergo a major refurbishment and renovation program for its facilities up at the Sirinumu Dam and Rauna…
Two Port Moresby based Australian Football League (AFL) clubs will have their future in the Moni Plus AFL competition decided upon by the Port Moresby AFL Association after committing separate on field offences during this year’s competition. The Association President Mr. Douglas Lai said the two clubs are the Gordons Kokofas and the Lamana Dockers. These two clubs were involved in separate on field brawls after their matches during the finals round. One of the incidents saw officials, including the president, attacked by the players and their supporters. The president explained that once a club is suspended from a season,…
The Police High Command in the city of Port Moresby is currently meeting with high ranking officers from the PNG Defence Force to try to establish facts surround an alleged police attack on a soldiers. It was alleged that the PNGDF personnel was abducted and later attacked by members of the police Mobile Squad on Saturday. Talks are currently on at the Boroko police station between NCD/Central Commander ACP Anthony Wagambi Junior and the senior members of the PNG DF to determine the facts behind the alleged incident. Meanwhile, the situation is still tense at and around the Boroko police…
Passengers traveling in and out of Port Moresby can now breathe easy with the Jackson International Airport re-open for normal operations by 1pm this afternoon after it was closed by the National Airport Corporation (NAC) over aviation security breaches. NAC Chief Executive Officer (CEO) Mr. Rex Kiponge said the closure of the Jackson Domestic Terminal was due to the breach of aviation safety laws by members of the police force when they were in the process of arresting him on matters relating to the operations of one of the national airports in the country. “About 17 police personnel entered illegally…
The Jacksons International terminal in the nation’s capital remains closed as of this morning after police allegedly breached aviation safety laws while in the process of arresting the CEO of National Airports Corporation Rex Kiponge. It is understood that the CEO was arrested last night, questioned and then released on bail. A press conference is expected today by NAC to update on the situation. Whil this is going on, no flights in and out of Port Moresby City. The ones affected the most now are traveling public, the passengers especially.
The Ok Tedi mine in the Western province, although its mining life is said to have 10 more years to go, it still has enough resources that could see the mine continue operating for three more decades further generating revenue for the country and the province. According to the Ok Tedi Mining Limited (OTML) Managing Director and Chief Executive Officer (CEO) Mr. Musje Werror, the Ok Tedi mine has been operating for 38 years and the facilities are getting old. Therefore, the focus now is on re-investing in the business in terms of putting money into the processing facilities and…
P&O Maritime Logistics continues to contribute to the training and employment of local maritime professionals through its employment and training program. This was stressed by the Head of Australia and PNG P&O Maritime Logistics Mr. John Connor, who said that P&O has trained so many Papua New Guineans for maritime careers. “In more recent times, we have sponsored 14 candidates through our own training program and a collaborative program that is running in conjunction with the Ok Tedi Development Foundation (OTDF),” said Mr. Connor. He added that within this program, P&O also strongly encourages interested young females who want to…
P&O Maritime Logistics, a leading provider of maritime services globally, has delivered the second new vessel- the “Fly Valiant,” designed specifically to service Ok Tedi Mining Limited (OTML) and its operations along the Fly River in the Western province. The Head of Australia and PNG P&O Maritime Logistics Mr. John Connor said the vessels were designed specifically to meet the requirements of the OTML supply chain. “This ship along with the other ships of the P&O fleet provide good support for OTML and in doing so, support the development and prosperity of PNG and in particular of the Western province,”…