Business, resources & economy Feed

Kindly Kindle became a greedy book monster

In Amazon’s early days there was a hint of a benevolent and philanthropic spirit in its business model, but the ogre of profit at all costs has overtaken all other considerations

Scrooge mcduck

PHILIP FITZPATRICK

TUMBY BAY - Michael Dom and I have just endured an incredibly dispiriting battle with Amazon Kindle over an extremely trivial matter of copyright involving the Ples Singsing anthology of student essays from the 2020 competition.

This issue has thankfully now been resolved and the anthology is available on Amazon as both an eBook and a paperback.

Continue reading "Kindly Kindle became a greedy book monster" »


Where are you taking my trees?

The chainsaws had finished their day’s work. Through the silence I heard birds chirping; and the faint sad cry of a bird of paradise

Auna melo clearing forest

DUNCAN GABI
| Auna Melo Independent Blog

WEWAK - I looked down at my feet stuck in the red clay, then raised my head. Before me a machine was constructing a new road through the thick jungle.

I could see the shape of the mechanical caterpillar munching away the forest.

I took a step and slipped, quickly rebalanced and steadied on my feet.

Continue reading "Where are you taking my trees?" »


The unseemly scramble for B'ville resources

Panguna mine, derelict for 32 years following the outbreak of a 10-year civil war, becomes the main target of an ugly race for Bougainville's wealth

Boug Bougainville rebels guard the Panguna mine site  1996 (Encyclopaedia of New Zealand)
Bougainville rebels watch over the Panguna mine site (Encyclopaedia of New Zealand)

JUBILEE AUSTRALIA

Scramble for resources: The international race for Bougainville’s mineral wealth, Jubilee Australia Research Centre, Sydney NSW, June 2022, 44 pages. Free download here

Former Australian prime minister Kevin Rudd:Scramble for Resources shines a much-needed light on the practices of the new waves of mining and exploration companies in Bougainville. Given the sheer number of Australian companies involved in this stampede for Bougainville’s resources, and the consequences for people living on the island, its findings should cause Australians to sit up and take notice”

Continue reading "The unseemly scramble for B'ville resources" »


Biden must invite PNG into economic bloc

A top chrisCHRIS OVERLAND

ADELAIDE -It is hard not to become despondent when you see Pacific Islands nations left out of Biden’s Indo-Pacific Economic Framework – a 13 nation initiative designed to curb China’s influence in the region.

It seems the United States, and the West in general, have not learned from history.

Were open warfare to eventuate between China and Western powers, it is certain the Pacific Islands would become a major arena for combat.

Continue reading "Biden must invite PNG into economic bloc" »


China v the West in great PNG electricity war

ElecRYAN MURDOCK
| Harvard International Review | Extracts

Compared with China, the West’s contributions to electrification are less tangible and far less financially robust

CAMBRIDGE MA USA - Amidst global discussion of the increasingly competitive dynamic emerging between China and the United States, Papua New Guinea represents a potential battlefield.

As the country works to establish a functional electricity network, Chinese and Western-allied involvement in the process has presented a point of competition.

Continue reading "China v the West in great PNG electricity war" »


Goods out, money in: developing rural PNG

Charteris - boys in canoeSTEPHEN CHARTERIS

Rethinking how primary healthcare services are funded & delivered in rural PNG

CAIRNS – It was nearing dusk when we happened upon the two boys.

Relieved though I was to have found human habitation, I couldn't help observing that a shirtless boy at the front of the canoe likely had tuberculosis.

Continue reading "Goods out, money in: developing rural PNG" »


Many promises, but failure to curb log exports

A Log carrierNEWS DESK
| Act Now

PORT MORESBY - Papua New Guinea’s tropical rainforests have enormous importance locally and internationally, but are under threat from a variety of sources including commercial logging.

The government has committed to drastically reduce the rate of commercial logging.

It has also committed to increase ‘downstream processing’ to increase financial returns by ending the export of unprocessed round logs by 2025.

Continue reading "Many promises, but failure to curb log exports" »


Bougainville to revive tourism after Covid

Bville siwai topNEWS DESK
| New Dawn FM

BUKA – Bougainville vice-president and commerce minister, Patrick Nisira, has said the number of tourists visiting the province has declined because of the continuing Covid pandemic.

He said most present visitors to Bougainville are business people whose work is connected to the development of the province.

Continue reading "Bougainville to revive tourism after Covid" »


The huge damage of political managerialism

A managerialism topCHRIS OVERLAND

ADELAIDE – Right now, we have a complete overload of dumbness to contend with around the world.

Let me give an example from a field I know something about - hospitals and aged care.

In these health industry sectors, there are some functions that can be effectively outsourced but they are substantially fewer than you might assume.

Continue reading "The huge damage of political managerialism" »


My jobs scheme for Moresby has liftoff

Kanene mob
The Kanene mob - Joseph (centre back) is a whizz at developing useful apps and has put one into action to help create jobs for Port Moresby youth

JOSEPH KANENE

“We've 87 youths registered and expect 250 to join by the end of this week” – Joseph hopes his jobs scheme will promote an app to track illegal logging

PORT MORESBY - One beautiful rainy day, somewhere in the National Capital District of the largest island in the Pacific, I was having a cigarette under the cover of my car garage.

I was severely stressed out because a geographic information system I had designed and built to track illegal logging operations in Papua New Guinea was gaining no support.

Continue reading "My jobs scheme for Moresby has liftoff" »


BSP stops financing loggers. Will Kina?

A loggingEDDIE TANAGO
| Campaign Manager | Act Now

PORT MORESBY – News that the bank accounts of 30 logging companies operating in Papua New Guinea have been closed have been welcomed by advocacy organisations Act Now and Jubilee Australia.

The PNG Forest Industry Association complained to The National newspaper that Bank South Pacific (BSP) had closed the commercial loggers’ bank accounts to comply with its anti-money laundering responsibilities.

Continue reading "BSP stops financing loggers. Will Kina?" »


Brief encounter, big step: Nudging closer to Indonesia

PM Marape and President Widodo in Jakarta
James Marape and Joko Widodo meet over tea in Jakarta

KEITH JACKSON

NOOSA – Papua New Guinean prime minister James Marape’s flying visit to Jakarta late last week drew much criticism on PNG social media because of the size of the accompanying delegation.

The cheap criticism obscured the mini-summit’s importance as an encounter where Marape and Indonesian president Joko Widodo were able to meet privately and face-to-face.

Continue reading "Brief encounter, big step: Nudging closer to Indonesia" »


The deal that nearly broke a nation

The architect John Amory-designed residence in Warrawee sold for $5.95 million
The architect John Amory-designed residence in Warrawee sold to Lynda Babao for K16 million

A SPECIAL CORRESPONDENT

CANBERRA - In August 2020, the Australian media reported that former prime minister Peter O’Neill’s wife, Lynda Babao, had bought a $6 million (K16 million) house at Warrawee on Sydney’s upper north shore.

A few months before, another Sydney residence associated with the family had been quietly sold for $12.35 million (K33 million).

Continue reading "The deal that nearly broke a nation" »


Kua ‘shamed’ by late payday for landowners

Petroleum Minister
Kerenga Kua - “I must say that personally I am ashamed of the government” 

NEWS DESK
| Pacific Mining Watch

PORT MORESBY - Petroleum minister Kerenga Kua says he is ashamed of the PNG government for delays of up to 13 years in K120 million of payments to LNG project landowners.

Kua announced the outstanding funds will soon be released by the PNG Treasury after landowners from the Hides petroleum precinct gave the government 14 days to release the money and respond to other outstanding issues.

Continue reading "Kua ‘shamed’ by late payday for landowners" »


PNG economy ‘fragile’, but don’t mention the C word

Fairfax Harbour and Port Moresby CBD (left) and Hanuabada (right)
Fairfax Harbour showing Port Moresby CBD and Hanuabada village ( RGAPhoto86, Shutterstock)

KEITH JACKSON

NOOSA – Papua New Guinea’s economy is projected to grow by 4% in 2022, about the same as forecast for Australia, but the World Bank characterises the recovery as ‘fragile’.

As Covid slowed global production, the PNG economy contracted by 3.5% in 2000 but returned a small but positive outcome of 1% last year.

Continue reading "PNG economy ‘fragile’, but don’t mention the C word" »


US Coast Guard & PNG: Those who defend must also protect

Crew of coastguard cutter
Crew of Coast Guard Cutter 'Stratton' on patrol in Fiji's exclusive economic zone, February 2022

KEITH JACKSON

NOOSA - When the US Coast Guard sailed into Fairfax Harbour, Port Moresby, last Thursday morning to be welcomed by Papua New Guinea’s defence minister Win Daki, there was at least one person feeling disgruntled.

“We are getting ourselves into a serious blunder of a lifetime,” said business leader and national affairs commentator, Corney Alone.

Continue reading "US Coast Guard & PNG: Those who defend must also protect" »


Huge P’nyang gas deal 'good for PNG'

P’nyang gas deal with ExxonMobil   Santos and NOEX of Japan
James Marape (left) and Kerenga Kua (seated left) watch while ExxonMobil,   Santos and Noex Japan partners sign the near K40 billion P'nyang LNG agreement

KEITH JACKSON

NOOSA – Yesterday, as it closed its most beneficial deal yet, it looked like Papua New Guinea had come of age in negotiating agreements with global resource developers.

In what will be a huge boost to PNG’s struggling revenue flow, the P’nyang liquefied natural gas agreement was signed with ExxonMobil and its partners Santos and NOEX of Japan.

Continue reading "Huge P’nyang gas deal 'good for PNG'" »


Despite promises, foreign loggers run amok

Capture
Eddie Tanago - "The PNG Forest Authority should be abolished". A rogue institution that has orchestrated illegal logging for 30 years

EDDIE TANAGO
| Campaign Manager | Act Now!

PORT MORESBY - The Marape government’s claims that it has stopped issuing new log export licences to foreign-owned logging companies are not borne out by the evidence.

Nor are its statements that it is moving to 100% downstream processing of logs before they are exported.

Continue reading "Despite promises, foreign loggers run amok" »


Landowners & ABG agree to reopen Panguna

Bougainville Toroama
President Toroama - Decision of the five clans the "beginning of a new chapter to realise Bougainville’s independence"

KEITH JACKSON

BUKA –In a major development, landowners from the Panguna mine area and the Autonomous Bougainville Government (ABG) have agreed to re-open the Panguna mine, abandoned after a civil war broke out in 1989.

The mine is one of the world’s largest copper and gold deposits with an estimated remaining resource of copper, gold and silver valued at more than K200 billion.

Continue reading "Landowners & ABG agree to reopen Panguna" »


Light turning to shadow, & the turning away

Corden topBERNARD CORDEN

“Don’t accept that what’s happening
Is just a case of others’ suffering
Or you’ll find that you’re joining in
The turning away”
 -  
Pink Floyd, On the Turning Away, 2015

BRISBANE - Ten years have passed since the traumatic MV Rabaul Queen disaster on 2 February 2012.

The dilapidated rust bucket capsized at daybreak in treacherous waters as it crossed the Vitiaz Strait off the northern coast of Papua New Guinea with the likely loss of about 500 people.

Continue reading "Light turning to shadow, & the turning away" »


From humble street camera to tool for justice

A Kodak Instamatic 104 such as Busa's father might have used as a 1970s street photographer
A Kodak Instamatic 104 such as Busa's father might have used as a 1970s street photographer

BUSA JEREMIAH WENOGO

PORT MORESBY – It was only recently that I discovered my father was once a street photographer.

Back in the 1970s, he and some village friends took up the activity as a form of employment, to earn money, to put food on the table.

This was well before modern digital cameras and smart phones made photography simple and ever-present.

Continue reading "From humble street camera to tool for justice" »


Marape's cronies plunder illegal leases

Logging 70%
Illegal logging comprises 70% of PNG's timber industry

KEITH JACKSON

NOOSA – It is easily the biggest illegal land grab of customary land in Papua New Guinea.

Or maybe anywhere in the world outside what used to be called Communism before they discovered how much loot could be made out of Capitalism.

It is a mass theft encompassing more than five million hectares of land, 12% of the country.

Continue reading "Marape's cronies plunder illegal leases" »


Australia fends off China with K1.5b for ports

Port of Lae
Port of Lae - set to become a regional container hub as Australia fends off Chinese influence.

KEITH JACKSON

NOOSA - The Australian government has announced it will provide K1.5 billion in loans and grants to Papua New Guinea to upgrade its ports facilities.

Australia says the funds will strengthen trade ties between the two countries and encourage PNG to decline investment from other nations including China.

Continue reading "Australia fends off China with K1.5b for ports" »


Remote Daru could be a regional flashpoint

Daru's New Century Hotel
Daru's New Century Hotel and street market - doubtless the mud-puddlers have fond memories of sinking the odd stubby here (Mark O'Shea)

PHILIP FITZPATRICK

TUMBY BAY - There’s a loose and exotic fraternity of expatriate mud-puddlers who served in the Western Province who exchange occasional emails when something of interest about their old stamping ground surfaces in the media.

A recent report in the Papua New Guinea Post-Courier about a development plan for Daru, the provincial capital, is currently stirring their interest.

Continue reading "Remote Daru could be a regional flashpoint" »


PNG '22: Politics same; economy uncertain

Ok-tedi-aerial-2
Ok Tedi is the only government-owned mine in PNG, which has toughened its dealings with resources companies in recent years

MICHAEL KABUNI

PORT MORESBY - As we begin 2022, I want to take a look at the defining issues that will shape Papua New Guinea’s social, political and economic outlook.

It’s not possible to cover everything in one article, but consider this an introduction to issues I’ll expand on throughout the year.

In this piece, I look at PNG’s political and economic outlook, and in a companion article I’ll consider security and governance issues.

Continue reading "PNG '22: Politics same; economy uncertain" »


The season for beer, lamb flaps & clan loyalty

Martyn Namorong
Martyn Namorong - With elections due in June, police commanders are concerned at the lack of preparation

MARTYN NAMORONG
| Linked In

PORT MORESBY - Papua New Guinea goes to a national election in June with many people pinning their hopes on the outcome of the polls.

The election is pivotal, not just in terms of bread and butter socio-economic issues but also in dealing with a final political settlement for Bougainville, which in a 2019 referendum opted overwhelmingly for independence from PNG.

Continue reading "The season for beer, lamb flaps & clan loyalty" »


We need a new entity to administer customary land

LandLOGEA NOU
| Edited extracts

Link here to the complete report by the National Research Institute

PORT MORESBY - In Papua New Guinea, customary land is administered by the Department of Lands and Physical Planning (DLPP).

This faces many challenges including the costly, cumbersome process of land registration, protracted disputes over ownership and boundaries and questions about the capacity of DLPP to administer customary land.

Continue reading "We need a new entity to administer customary land" »


Four banks backed destructive logging

Actnow
Westpac, ANZ, Bank South Pacific and Kina Bank have questions to answer about their ties with illegal logging practices in PNG

KEITH JACKSON

NOOSA – Banks operating in Papua New Guinea - including Westpac and ANZ - have provided the country’s five largest exporters of logs with at least K300 million in credit over the last 20 years.

But gaps in company reporting and murky funding processes mean the true amount could be three times as high, reaching close to a billion kina.

Continue reading "Four banks backed destructive logging" »


$1.6b handout to Telstra to head off Chinese

Telstra CEO Andy Penn (AAP  David Crosling)
Telstra CEO Andy Penn - soon to be the proud owner of Digicel Pacific (Photo - David Crosling, AAP)

KIM WINGEREI
| Michael West Media | Extracts

GOLD COAST - Why was Telstra slotted $1.6 billion (K4 billion) by Australia’s Morrison government to buy Digicel, and how is it Telstra shares slumped by one-third during the bull market?

It’s corporate welfare on steroids. Another bizarre intervention in what Scott Morrison and treasurer Josh Frydenberg like to call free markets.

Continue reading "$1.6b handout to Telstra to head off Chinese" »


Only the grassroots can save the planet, but....

WilcoxPHILIP FITZPATRICK

TUMBY BAY - One of the most perverse inventions of capitalism is planned obsolescence.

This is the idea that an article is manufactured to fall apart and cease to function properly after a certain amount of time.

Annoying for you and good for the manufacturer, who has ensured that users have to purchase a new article to continue to enjoy its convenience.

Continue reading "Only the grassroots can save the planet, but...." »


Telstra’s PNG mobile monopoly is no cakewalk

Telstra_acquires_digicel_pacificKEITH JACKSON

NOOSA - On Monday 25 October, the giant Australian telecommunications corporation, Telstra, announced it was buying Digicel Pacific, the dominant mobile network operator in the region.

Digicel owns the biggest telcos in Papua New Guinea, Nauru, Samoa, Vanuatu and Tonga and the second biggest in Fiji.

Continue reading "Telstra’s PNG mobile monopoly is no cakewalk" »


Privilege & power are on the march

Neochin
Neoliberalism as it is perceived by China - a wild American ram (or buffalo if you’re an editor) about to plunge a terrorised planet into the abyss

CHRIS OVERLAND

ADELAIDE - Bernard Corden has written a fine polemic in There’s a man going ’round taking names’.

Idealism, unfiltered through the lens of reflective thought, is a dangerous thing.

Very few proponents of ‘pure’ neoliberalism – the ideology that markets can run the planet better than governments - appear to devote little if any time to reflection.

Continue reading "Privilege & power are on the march" »


Neoliberalism & greed are here to stay

NeoPHILIP FITZPATRICK

TUMBY BAY - As Paul Oates has frequently pointed out in his comments on PNG Attitude, before you can solve a problem you have to clearly identify its root causes.

Once you’ve done that, you can devise strategies to eliminate or overcome those causes and solve the problem.

Continue reading "Neoliberalism & greed are here to stay" »


Billion kina bridge-build will boost Highlands

Bridge at Ukarumpa Easterm Highlands
Washouts on the Highlands Highway are common. Bridge at Ukarumpa,  Eastern Highlands, 2016

KEITH JACKSON

AUCKLAND – The Asian Development Bank (ADB) has approved a $325 million (K1.1 billion) to the Papua New Guinea government to upgrade 430 kilometres of the Highlands Highway.

The massive project, which will be a boon to three million people living in the Highlands, was signed by the ADB's Pacific director general, Leah Gutierrez, and PNG treasurer, Ian Ling-Stuckey

Continue reading "Billion kina bridge-build will boost Highlands" »


K92 & Femili PNG join against violence

K92NEWS DESK
| K92 Mining

KAINANTU - K92 Mining has donated K100,000 to Femili PNG to support its work in eradicating family and sexual violence in Papua New Guinea.

‘’We have been in operation for four years and, for us as a new company, we want to be able to support social issues and agendas,” said K92 vice-president Philip Samar.

Continue reading "K92 & Femili PNG join against violence" »


Corporate vandalism need not be so

Panguna
Of the thousands of images of the Panguna copper and gold mine on Bougainville, this must be the most dramatic. An armed guerrilla fighter looks over the deserted mine during the 1988-1998 civil war

BERNARD CORDEN

‘If you want to change culture you will have to start by changing the organisation’ - Mary Douglas

BRISBANE – In addition to the corporate vandalism and carnage reprised in my Digging & Dumping piece the other day, several other contentious mining ventures await approval from the Papua New Guinea government.

I had included the Wafi-Golpu joint venture southwest of Lae on this list until it received approval a couple of days ago.

Continue reading "Corporate vandalism need not be so" »


Dealing with GBV is good business sense

PNG workers (IFC)
A study of three PNG companies revealed that gender-based violence cost them about K7.3 million a year

EVONNE KENNEDY & SHABNAM HAMEED
| DevPolicy Blog | Edited extracts

PORT MORESBY - Evidence has emerged that the private sector in Papua New Guinea can play a key role in responding to gender-based violence, and that doing so makes good business sense.

Research by the International Finance Corporation, in partnership with the Business Coalition for Women, has found that a gender-balanced workforce, and appropriate workplace responses to family and sexual violence, can provide benefits to businesses and their employees.

Continue reading "Dealing with GBV is good business sense" »


Digging & dumping: A PNG mining chronicle

Porgera
Porgera gold and copper mine in Enga Province

BERNARD CORDEN

'Every dogma has its day' - Anthony Burgess

BRISBANE - Over the past five decades many notorious corporate brigands in the mining and mineral resources sector have plundered vast quantities of ore and precious metals from the bountiful arc of the Pacific rim that encompasses Papua New Guinea and the Solomon Islands.

Buccaneering recidivists include Rio Tinto at Panguna, BHP at Ok Tedi, Placer Dome on Misima Island, Barrick Gold at Porgera, Newcrest at Lihir, Morobe Mining JV at Hidden Valley, St Barbara at Simberi and Gold Ridge and Ramu NiCo at Kurumbukari and Basamuk Bay near Madang.

Continue reading "Digging & dumping: A PNG mining chronicle" »


China: White water rafting through history

China industrialCHRIS OVERLAND

ADELAIDE – Over recent times I have been writing, almost to the point of tendonitis, that China’s decades-long ‘economic miracle’ is a present day replay of how all advanced economies have developed.

First, there is a dramatic acceleration as resources are mobilised in a large scale modernisation and industrialisation phase.

Continue reading "China: White water rafting through history" »


Govt must crack down on rogue agency

Log exportEDDIE TANAGO
| Act Now

PORT MORESBY – If the government's ban on new logging permits is to be effective, it must be total, and extended to cover all types of logging consent.

Last week prime minister James Marape directed the PNG Forest Authority (PNGFA) to stop issuing new permits and permit extensions so the government can meet its 2025 deadline to end the export of unprocessed raw logs.

Continue reading "Govt must crack down on rogue agency" »


Telstra visit signals Digicel deal is closer

Denis O'Brien
Digicel's Denis O'Brien - Australia's China troubles is the tycoon's get rid of debt card

BUSINESS DESK
| The Irish Times | Extract

DUBLIN - The downward spiral in relations between China and Australia in the past year has played into the hands of businessman Denis O’Brien as he looks to further reduce the debt burden of his Digicel telecoms group.

Early last year O’Brien effectively forced bondholders to write off $1.6 billion (K5.6 billion) of what they were owed.

Continue reading "Telstra visit signals Digicel deal is closer" »


We'll ensure a 52% share for PNG: Marape

James Marape
James Marape - “We will not come below 52% in negotiating new resource projects"

KEITH JACKSON

NOOSA – Papua New Guinea will never allow the PNG share of resource projects to slip below 52%, prime minister James Marape has said as the nation stands on the threshold of a new resources boom.

Mr Marape said his government was pushing for more than a 50% stake in P’nyang, Pasca, Pandora and other future LNG projects as well as the Wafi-Golpu and Porgera mining projects.

Continue reading "We'll ensure a 52% share for PNG: Marape" »


Of matters malevolent - & a fiery stunt

CaptureBERNARD CORDEN

‘Scientific theory is a contrived foothold in the chaos of living phenomena’ - Wilhelm Reich

‘The most basic claims of religion are scientific. Religion is a scientific theory’ - Richard Dawkins

‘The scientific theory I like best is that the rings of Saturn are composed entirely of lost airline luggage’ - Mark Russell

Continue reading "Of matters malevolent - & a fiery stunt" »


It’s not the economy, it’s the Covid

DollarCHRIS OVERLAND

ADELAIDE - Commenting on Keith Jackson’s ‘The vandals who trashed our nation’ and other remarks on the Covid crisis, Andrew Brown wrote that “people in small business are going broke by the dozen, the number of empty shops in my local area is frightening”.

And he added, “That is real hardship for people losing everything they have and not having any hope.”

Continue reading "It’s not the economy, it’s the Covid" »


The idea of economy & a need for power

Plans
When plans turn to MASH (Illustration - John Shakespeare, Sydney Morning Herald)

CHRIS OVERLAND

ADELAIDE – Keith Jackson (‘The vandals who trashed our nation) expressed in clear terms the ugly truth of what has happened in the Australian government’s response to Covid-19.

This pandemic will not be over anytime soon. The much vaunted 70% vaccination level spruiked by Morrison, Berejiklian and others will not come close to ending it.

Continue reading "The idea of economy & a need for power" »


Marape to open business conference

James Marape
James Marape to brief conference on PNG government's plans for improving investment climate

MEDIA RELEASE
| Business Advantage PNG

PORT MORESBY —Papua New Guinea’s prime minister James Marape MP will open the 2021 Business Advantage Investment Conference in Port Moresby next Tuesday.

Mr Marape will outline his government’s strategy for improving the environment for business and investment in PNG to an audience of international and local investors, financiers and senior business executives.

Continue reading "Marape to open business conference" »


Boost to commerce & conservation in Oro

KEITH JACKSON

Afore
The 'Afore Highway' from Oro Bay, described as "a reasonable gravel track with some challenging sections" is to be upgraded as part of the Mangalas project

NOOSA –Governor Gary Juffa has won the support of prime minister James Marape in establishing the innovative Managalas forest carbon pilot project in the Afore region, located between the Owen Stanley and Hydrographers ranges in Oro Province.

The project, billed as ‘a sustainable integrated land development’ will both conserve rainforest and reforest the grassed plains with cash crops including coffee and coconuts.

Continue reading "Boost to commerce & conservation in Oro" »


Treasurer confronts Bakani on money-laundering

KEITH JACKSON

Ian Ling Stuckey (PNG Bulletin)
Treasurer Ian Ling-Stuckey used parliament to put reserve bank governor Leo Bakani on the spot (PNG Bulletin)

PORT MORESBY – Papua New Guinea’s Treasurer, Ian Ling-Stuckey, has sent a strong ‘please explain’ to PNG’s central bank governor, Loi Bakani.

Ling-Stuckey minced no words in asking Bakani why he had disassociated the central bank from its own Financial Analysis and Supervision Unit (FASU).

Continue reading "Treasurer confronts Bakani on money-laundering " »


PNG resumes gas field talks with Exxon

PNG petroleum minister Kerenga Kua and Exxon PNG chairman Peter Larden (Lorraine Wohi)
PNG petroleum minister Kerenga Kua and Esso PNG chairman Peter Larden (Lorraine Wohi)

KEITH JACKSON

NOOSA – Papua New Guinea’s petroleum minister Kerenga Kua and ExxonMobil PNG managing director Peter Larden have announced that talks will resume on the P’nyang natural gas project.

In November 2019 negotiations collapsed with the PNG government saying Exxon was unwilling to negotiate on PNG’s terms.

Continue reading "PNG resumes gas field talks with Exxon" »