Prime Minister James Marape has announced that a Commission of Inquiry (COI) will now be carried out in the police and Finance and Treasury departments follow the end of the 14 days State of Emergency. Marape said the inquiry will look into the command structure of the police and address areas that need addressing so to improve the overall structure of the police force. Marape said David Manning has been reinstated as Police Commissioner and has been tasked to work with the COI; however, the Commissioner will be subject to the COI as well. “This is to ensure that there…
Author: Emmanuel MAIPE
The recently reinstated Minster for Foreign Affairs, Justin Tkatchenko, says his first task back in office is to regain the international community’s confidence in Papua New Guinea (PNG) through certain priorities that he has put forth. Minister Tkatchenko, who was reinstated last week Friday, outlined in a statement a priority list for the department – an immediate work-plan of the Marape-Rosso Government with particular emphasis on international community confidence, following the events of Wednesday January 10th. Minister Tkatchenko said that paramount to this immediate and priority list for Foreign Affairs, is to reinstill and regain the confidence of the international…
The National Government will be supporting the Credit Guarantee Corporation (CGC) to ensure that the SME sector gets the support needed to flourish and with it, contribute to the overall development of the country and its people. The country’s Chief Secretary to Government Mr. Ivan Pomaleu, who represented the government at the recent agreement signing between the CGC and ten private financial institutions in the country, said that the State has allocated funds to support the Corporation. “There is some support in the 2024 Budget of K3 million, which will help start the work for the Corporation,” said Mr. Pomaleu.…
The Bank of Papua New Guinea (BPNG) or the Central Bank, is supporting the recently signed credit guarantee agreements because of what this will do for the Micro to Small and Medium Enterprise (MSME) sector in the country going forward. The credit guarantee agreements were signed between the Credit Guarantee Corporation (CGC) Papua New Guinea (PNG) and ten financial institutions on Thursday 18th January in Port Moresby to make way for MSME entrepreneurs to have ease of access to financial support for their business operations. The BPNG Governor, Ms. Elizabeth Genia said the Bank is in support of this initiative…
The Port Moresby Chamber of Commerce and Industry (POMCCI) Inc. has expressed its concern that the Wednesday 10th January riots and destructions in the city, could lead to more hardship to be faced by the businesses, their employees and their suppliers in the weeks to come. The POMCCI President, Mr. Rio Fiocco in statement that condemned the attacks on the major supermarkets and warehouses by looters, said that they sympathize with the members of the POMCCI who are being affected dearly from that faithful day. “Our members, including major employers like CPL Group and The Brian Bell Group, have suffered…
Ten financial institutions in the country will now be able to extend financial support to a wider range of Small and Medium Enterprises (SMEs) after they were provided credit guarantee by the Credit Guarantee Corporation (CGC) of Papua New Guinea (PNG). This was achieved with the signing of the heads of agreements between the ten financial institutions and CGC in a small but significant ceremony in Port Moresby yesterday. The signing was descried as a milestone for the CGC by the Board Chairman, Mr. Robin Fleming. Having being established in 2022, the CGC will now execute its functions in supporting…
The Prime Minister has said that full investigation is underway into what actually happened with the Alesco Payroll system that caused the so called glitch on Wednesday 10th January that led to the police stop work protest and the subsequent civil unrest in Port Moresby city and in other parts of the country as well. Speaking at a recent press conference in Port Moresby, Prime Minister (PM) James Marape informed that the move to suspend the heads of three government departments was to ensure that the full investigation takes place. “One computer misconfiguration, we will establish whether it was deliberate…
The Prime Minister has confirmed that the government will be looking at putting together a relief package for the businesses that lost their properties during the riots on Wednesday 10th January, so to help them get back on their feet after their losses. Speaking at a press conference yesterday in Port Moresby city, Prime Minister (PM) James Marape said it was sad to see the business houses that have operated in Port Moresby and the country over the years, losing everything to the opportunists that ransacked their shops, supermarkets and warehouses. “We did inform that there will be full assessment…
The opportunists that looted the major shops and warehouses in Port Moresby city during the riots on Wednesday 10th January, have been urged to surrender the stolen properties they are in possession of, to their nearest police station instead of waiting for the law to catch up with them. This was the instruction given by the State of Emergency (SOE) Controller, Acting Police Commissioner Donald Yamasombi today following initial police raids yesterday and this morning to recover the stolen items, especially the big white goods. The security personnel had started rescuing some of the stolen items and they will continue,…
The Prime Minister has announced the security measures to be taken during the 14 days State of Emergency (SOE) in Port Moresby, which does not include a citywide curfew as many city residents may think. Prime Minister (PM) James Marape said that there is no curfew but there will be restrictions along with certain powers issued to law enforcement personnel to apply during this SOE period. The security measures include a ban on large movements of crowds around the city with an exception to church activities. There is also a strict limit placed on the purchase and sale of alcohol…