The Minister for National Planning, Rainbo Paita has given his assurance to parliament that he will be working on putting out a full and detailed report on how the development budget has been implemented so far for transparency purposes and to inform the country how funding has been used so far. Minister Paita when responding to questions from the Governor for Southern Highlands, William Powi, said the revised development budget figure for 2023 is K6. 72million and the report will contain details of projects and funding at different levels, sector by sector, district by district and province by province. “I…
Author: Emmanuel MAIPE
The fuel saga has gone to the point where the Minister for Petroleum and Energy, Kerenga Kua, declared an emergency on fuel starting today for the whole country. The minister made the declaration of emergency under Section 136 (1) of the National Emergency Act 2021 and Section 4 of the Essential Services Act 2002, in relation to the supply of fuel and petroleum products and the provision of foreign currency. Under this emergency, the plan of action now will be a roundtable conference between the state and the parties involved to take place on Wednesday 02nd August onwards to find…
The youths from West Fergusson Local Level Government (LLG) in the Milne Bay province have opted to turn away from criminal activities including sea piracy, and work towards making their lives and their communities better. The youths through their Youth Council of West Fergusson LLG in the in Esa’ala District, want to live a positive life and are willing to work with their local government through youth programs to develop their community for positive development and livelihood for their families. As a result, a Youth Forum was convened on the 27th to the 28th of July in Makamuku village of…
The Independent Consumer and Competitions Commission (ICCC) has put forth its views and suggestions for the relevant parties involved in the fuel saga to consider, including isolating the financial regulatory compliance issues, so to ensure that national fuel security is not compromised going forward. ICCC Commissioner and Chief Executive Officer (CEO), Mr. Paulus Ain, said considering the due processes and regulatory compliance requirements relating to foreign exchange issues, the ICCC is, therefore, suggesting that the Bank of Papua New Guinea (BPNG), BSP Financial Group Limited (BSP), and Puma Energy PNG Limited (PUMA) isolate financial regulatory compliance issues from the fuel…
The National Superannuation Fund Limited (Nasfund) will be carrying out investment talks and promote superannuation awareness for the people of Bougainville over a period of time after the signing of a partnership agreement with the Autonomous Bougainville Government (ABG) to make it happen. Under this three-year collaborative initiative, Nasfund and the ABG through its mandated commercial arm, the Bougainville Public Investment Corporation Limited (BPICL) will administer and drive all programs between the two parties. Nasfund’s Chief Executive Officer (CEO), Rajeev Sharma said the Fund is committed to working closely with the ABG to identify and develop investment opportunities and to…
The France Government through the European Union (EU) is supporting the efforts to protecting and conserving the world’s environment, which was the reason behind the France backing of the Managalas Conservation Project in the Northern Province. Speaking during the presentation of the Managalas Conservation project, France President Emmanuel Macron, emphasized on the importance of protecting the environment, particularly the tropical rain forests, which Papua New Guinea (PNG) is classified as having the third largest in the world. In order to protect and conserve the forests, President Macron said that there must be newer strategies in place to ensure that efforts…
Prime Minister James Marape is extremely pleased with the outcome of the bilateral meeting with the France President H.E Emmanuel Macron on Friday, where four significant documents were signed, include one to open the Expertise France office in the country. Expertise France is the French public agency for the design and implementation of international technical cooperation projects. It is part of the French Development Agency Group and is the French government’s international technical cooperation agency. The signing of this particular document relates to the Contribution Agreement between the European Union (EU) and Expertise France for the implementation of the National…
Four Memorandum of Understanding (MoU) aimed at improving infrastructure and climate change mitigation were signed this afternoon following bilateral meetings with the France President H.E Emmanuel Macron and Prime Minister James Marape at the APEC Haus, Port Moresby. The first MoU signed is a declaration of intent on sustainable ports infrastructure between French Development Agency, the European Commission, the European Investment Bank, the Australian High Commission in Papua New Guinea and PNG Ports Limited. The second was a letter of intent on greening the financial system between the French Development Agency, the Bank of Papua New Guinea and Global Green…
Nambawan Super Limited (NSL) has partnered with Digicel PNG to provide Members with free internet access to the Nambawan Super website. That’s according to the NSL’s Chief Executive Officer Mr. Paul Sayer. In a statement, he said, “Members using Digicel sim cards can now navigate the Nambawan Super website to access important information about our products and services; register for Financial Literacy Trainings; calculate their potential savings with voluntary contributions and access retirement planning tools without worrying about data charges.” Mr Sayer added, “Members who have registered for NSL’s online services can also download copies of their annual statement, check…
Matters of security and trade along with defence cooperation, were the topic of discussion between the United States Secretary of Defence and Prime Minister (PM) James Marape during the bilateral meeting between the two parties this week in Port Moresby. At the bilateral meeting, PM Marape and the United States Secretary of Defense Lloyd J. Austin III continued to discuss the details and the benefits of the agreements, and United States’ commitment to securing PNG’s sovereignty, as well as its commitment to securing a free and peaceful Indo-Pacific region. Marape said he appreciated the US’s “3D approach of Diplomacy and…