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Emmanuel MAIPE
MASIU HIGHLIGHTS IMPORTANCE OF TECHNOLOGY & INTEROPERABILITY
Enhancing interoperability between state agencies and regulators using technology, is something that must be further improved to enable the ease of doing business in Papua New Guinea (PNG).
This was stressed by the Minister for Information and Communication Technology, Tomothy Masiu when highlighting its importance during the 2nd Business Regulators Forum in Port Moresby city.
The minister made mention that it was for this reason to enhance this connectivity between regulators like NICTA or the National Energy Authority with the government agencies that the national government has invested in significant strides in adopting digital transformation in the last four years.
âThe government has put in place the necessary policy and legal frameworks including the Digital Transformation Policy 2020, and the Digital Government Plan 2023 t0 2027,â said Minister Masiu.
He said interoperability will make conducting economic activities easier for business communities.
âThe easier the business processes are, it will encourage more citizens to engage and operate MSMEs and SMEs creating more income generation and employment opportunities. This will contribute towards growing PNG economy that will ultimately result in the improvement of the citizenâs livelihoods.
Minister Masiu said in line with this target is one of his Ministryâs major initiatives, which is the Citizenâs e- Government Portal, stating that this portal represents the top layer of the PNG Government technology Stack and is designed to be a central platform for various government basic transactional services.
âWe plan to launch on 12th September this year,â Masiu said.
âFurthermore, the Secure Data Exchange Platform project, which my department is actively pursuing, is anticipated to be launched as part of the fourth version of the e-Government Portal. This platform will facilitate secure and seamless data sharing between government entities and will be a cornerstone of our digital transformation strategy.â
In addition to the e-Government Portal, Minister Masiu said the G2B (government to business) Single Window Project, driven by the Ministry for International Trade, represents the governmentâs dedicated efforts to create a Government to Business Portal.
âThis initiative is focused on streamlining and optimizing regulatory business processes, making it easier for businesses and foreign investors to interact with government agencies.â
Meantime, Minister Masiu encouraged the participants at the Summit to identify synergies among government entities and regulatory agencies.
âTogether, we can provide policy recommendations that align with our national goals and drive meaningful change. Our collective insights will inform the governmentâs strategic decision, ensuring that our policies are responsive to emerging challenges and opportunities,â stated the minister.
Published on July 31, 2024
SECOND BUSINESS REGULATORS SUMMIT KICKS OFF IN POM
The two- day PNG Regulators Summit commenced today with much to discuss and cover on improving digital connectivity and interoperability between government agencies and regulators, to improve the ease of doing business and overall service delivery in Papua New Guinea (PNG).
The Investment Promotion Authority (IPA) in partnership with the Department of Information, Communication and Technology (DICT) is hosting this 2nd PNG Business Regulators Summit in Port Moresby city with the theme, âInteroperability; Connect and Co-Create.â
The IPA Managing Director, Mr. Clarence Hoot, in his opening speech said the Summit aims to identify synergies amongst the government and the statutory regulatory agencies to take stock of reforms and progress being undertaken to achieve the National Governmentâs e-commerce agenda and digital transformation.
The IPA hosted the inaugural Regulators Summit back in 2019 under the Theme: âEfficient Regulations; Productive Economyâ. The Summit was planned and executed on the back of post-APEC PNG 2018 domestication process focusing on improving ease of doing business climate through digitization and regulatory automation.
He said from that first Summit, an outcome report on the key discussions and recommendations was produced in house and an NEC Paper was submitted through the Minister for Commerce and Industry.
"The key recommendations include stream- lining all regulatory agencies to adopt system automation (interoperability) to achieve governmentâs vision for digital transformation," said Mr. Hoot.
As such, the IPA Board directed for the second Regulatorsâ Summit to take stock of how far they have come in terms of leveraging digital technology to streamline business regulations. The DICT will be the major stakeholder to partner with the IPA and co-host to drive governmentâs policy agenda.
Mr. Hoot stressed that this 2nd Summit is important and requires the contributions of all participants from both regulators and state agencies.
"We are hoping to gather to exchange views and thoughts. We encourage everyone to fully participate in this summit."
Meantime, the Minister for ICT Timothy Masiu in officially opening the Summit, stressed the importance of technology and the role it plays in doing business and of course service delivery, stating that the idea of the Regulatory Summit is to discuss regulatory issues that impact doing business in the country.
The two day event will feature discussion panels involving a vast array of speakers from the regulators, experts and government officials.
The sponsors of the 2nd Business Regulators Summit are PNG Ports Corporation, ICSA PNG, PNGAus Partnership and IPA.
Published on July 30, 2024
MARU| LIMITED SPACE AT 2025 WORLD EXPO AN ISSUE FOR PNG
The Minister for International Trade and Investment in a recent statement says Papua New Guinea (PNG) is all set for the 2025 World Expo in Japan; however, the matter with the space limitations at the Expo, could see PNG resort to other methods to showcase the country to the world.
But before this statement was releases, Minister Richard Maru was interviewed by PNG HAUSBUNG after coming back form the recent 10th Pacific Island Leaders Meeting (PALM) in Tokyo, Japan where he said the upcoming World Expo in Osaka, Kansai, Japan will be very different from the last one held in Dubai in terms of spaces available for the countries taking part.
âThe difference between the expo in Japan and the last one in Dubai is that in Dubai there was so much space that each of the countries had their pavilion, so you had a place only for your country,â said Minister Maru.
âIn Japan, space is limited, and we will have a Pacific pavilion so thereâll be limited space for us to promote our country because we will share our both with the rest of the pacific. So, we got to really think of how we can maximise the opportunity.â
âWe may use technology to really drive our promotion of our products and also the promotion of Papua New Guinea as an exciting tourist destination,â the minister added.
Nevertheless, in his recently released statement Minister Maru said PNG is ready to attend the expo in Japan despite some delays in preparations as the National Government had already approved K5.6million to counter fund the Osaka Expo for PNGâs participation.
âThe K5.6 million was based on the understanding that the host country would allow us to display and sell our products within the pavilion itself; however, we have been advised by the host government that the Expo site will be an artificial island (Yumeshima) and there is a risk of methane gas and more weight may cause the island to sink so they are discouraging selling and displaying of products within the expo site. Only digital exhibition will be allowed in the pavilion at the Expo site.â
âWe want to make a bigger impact in the Japanese market and in the world at this Expo so we are exploring an option to lease a commercial centre outside the Expo space at the Osaka Bay Area where we can display and sell our products and services and promote PNG as an exciting tourism and investment destination.â
âWe will need funding to lease a commercial centre and the cost is expected to increase given the host Government will not be offering a waiver for some of the domestic laws like taxes, quarantine issues, standards etc- everything will on commercial basis. Hence, we are now looking at the options of having the private sector to come on board and support us,â Maru said.
The 2025 Osaka Expo is expected to have a total of 150 countries and 25 international organizations to participate. To date, over 160 countries and international organization have already confirmed their participation for the Expo. The event also expects an estimate of 28.2 million visits over the course of the Expo, highlighting the Expoâs international significance and appeal.
That is why Minister Maru said this is an opportunity for PNG to market its products and services, and to promote the country as a tourism and an investment destination, adding that it is also an opportune time for PNG to show its commitment to Japan if it wanted to take its relationship with Japan to the next level.
âThis Expo is Japanâs premier event that will expose them to the world, and they are very keen that all their traditional partners and special friends like PNG supports them in this Expo. Japan is a major export market for our LNG. The trade between PNG and Japan is in our favour,â said the minister.
âJapan has supported us in times of disasters and Japan through JICA has delivered aid projects with a focus on quality infrastructure with recent examples being the funding of an upgrade of Port Moresbyâs dilapidated sewerage treatment capability, improvements to electrical transmission networks in the Ramu grid that serves the industrial city of Lae, as well as upgrading of Nadzab and Tokua airport to international standard.
He said PNG has benefited so much from its relationship with Japan and PNGâs attendance and participation at the Osaka Expo 2025 is one chance for the country to show its commitment to Japan.
Meanwhile, a team from the Secretariat led by Commissioner-General of Section PNG, Ambassador Gabriel Dusava will be visiting Osaka in the coming week to meet the organizing team of the Expo and to identify a commercial space for PNG to lease for the six months of the Expo starting in April next year.
âWe are six months late in preparation, but this is doable if we have the full support of the government and the private sector. Though slow, the momentum has begun. It will require the total involvement of the government and the private sector to get the success that we want from Osaka Expo 2025,â said Ambassador Dusava.
Published on July 29, 2024
PRIVATE SECTOR CHEQUES NO LONGER ACCEPTED BY BSP
Cheques from private sector companies are no longer being accepted by the BSP Financial Group after the bank phased out the acceptance of these cheques late last month.
âAs of 30th of June 2024, BSP Group has successfully phased out private sector cheques from our banking system, aligning with Bank of PNGâs directive,â said BSP Group CEO Mr. Mark Robinson.
Mr. Robinson said Bank of Papua New Guineaâs decision discontinues the use of cheque payments among private sector banking service users; however, cheques issued by the public sector and state-owned enterprises will remain valid and accepted.
âTo ensure a smooth transition for our private sector customers, BSP has implemented proactive measures, including ongoing reminders and awareness campaigns promoting the adoption of digital payment alternatives,â he added when giving his insights on BSPâs June quarter 2024 economic and market view recently.
As for BSPâs Pacific Markets, key global trends have emerged in the economic landscape. The Cook Islands have experienced a tourism surge driven by increased direct flights from Australia and New Zealand.
In Fiji, the Reserve Bank has adjusted its economic growth forecast from 3.4% to 2.8%, citing the impact of high inflation on consumer spending.
Meanwhile, Samoa has seen a notable decrease in headline inflation, dropping to 6.6% from 12.0% in June 2023, with inward remittances and tourism growth supporting consumption and economic growth.
Despite climate and severe weather challenges, Vanuatu remains optimistic, projecting economic growth rates of 3.1% in 2024 and 3.6% in 2025, according to the Asian Development Bank, Asian Development Outlook April 2024.
Published on July 28, 2024
IPA & DICT TO HOST 2024 BUSINESS REGULATORS SUMMIT
The Investment Promotion Authority (IPA) in partnership with the Department of Information, Communication and Technology (DICT) will be hosting the 2nd PNG Business Regulators Summit in Port Moresby next week starting on Tuesday 30th July.
The theme of the summit is âInteroperability; Connect and Co-Createâ and aims to identify synergies amongst the government and the statutory regulatory agencies to take stock of reforms and progress being undertaken to achieve the National Governmentâs e-commerce agenda and digital transformation.
The IPA hosted the inaugural Regulators Summit back in 2019 from 19th â 20th September, under the Theme: âEfficient Regulations; Productive Economyâ. The Summit was planned and executed on the back of post-APEC PNG 2018 domestication process focusing on improving ease of doing business climate through digitization and regulatory automation.
An outcome report on the key discussions and recommendations was produced in house and an NEC Paper was submitted through the Minister for Commerce and Industry. The key recommendations include stream- lining all regulatory agencies to adopt system automation (interoperability) to achieve governmentâs vision for digital transformation.
As such, the IPA Board has directed for the second Regulatorsâ Summit to take stock of how far they have come in terms of leveraging digital technology to streamline business regulations. The DICT will be the major stakeholder to partner with the IPA and co-host to drive governmentâs policy agenda.
As such, the discussions intend to focus on the following priority areas,
· Stock-take on government departments, agencies and industry regulatory bodies on some of the progress being made in adopting e-commerce and digital optimization in their operations and improved clientele service delivery,
· Promote dialogue and identify central depository point for regulatory agencies to converge and create synergies and work towards achieving interoperability in business processes, and
· Provide possible policy recommendations for governmentâs consideration and action.
Meanwhile, the collaboration with the Department of ICT is necessary given the fact that the department is driving the governmentâs Digital Transformation Agenda with the Minister for ICT to provide keynote address to outline governmentâs plan for e-commerce and regulatory convergence.
The two- day program will be delivered from 30th to 31st of July, with day 1 focusing on officiating and high-level statements from the Government Ministers followed by agenda setting and overview of the Regulators Summit topics, while day 2 will feature panel discussions at technical level for regulators and policy makers to have the deep dive into identifying issues and opportunities and outline recommendations for regulatory convergence and interoperability.
Published on July 28, 2024
FOUR SURVIVE ORDEAL AT SEA
Four people including a nine-year-old girl, are now safe and sound after being rescued from their recent ordeal on the waters of Morobe province all thanks to the swift response by PNG Ports Corporation Limited (PNG Ports).
According to a statement from PNG Ports, the group was en route to Lae city from the Morobe Patrol Post when their boat capsized at around 6pm in the evening on Tuesday 23rd July. On board were the skipper of the boat, a young man, and a mother with her daughter.
When the boat overturned, three clung to the floating vessel while the young man swam for four hours, against tides, to reach an anchored ship, Western Queen, to call for help.
Chief Executive Officer (CEO) of PNG Ports, Mr. Neil Papenfus, said the Pilotage team, who was on standby for vessel movements that night, picked up the SOS call via radio communication from MV Western Queen at 10:50pm and immediately responded.
âBy 11:00pm, our Coxswain, John Suki; Marine Pilot, Capt. Joseph Wakam; Marine Engineer, Eliphaz Waninumbo; and Seaman, Clark Narara; were on their way on board our new Pilot Boat Morobe, while Marine Pilot, Charles Kendo remained to coordinate the search and rescue from land with the Operations team,â said Mr. Papenfus
âWith the aid of the pilot boatsâ state-of-the-art navigational equipment and search lights, the survivors were located within 10 minutes and rescued using the modern man-overboard system.â
âUpon receiving confirmation of the successful rescue, Japhet, an Executive Security Systems guard called the National St Johns Ambulance Service via the toll-free 111 number, reporting the incident at 11:30pm. An ambulance crew was dispatched to Lae Port to await the survivors' arrival.â
âThe Pilot Boat arrived at Lae Port at 12:24am to drop off the first three and then returned to Western Queen at anchorage, to pick up the other survivor,â he said.
According to the ambulance officers, Othniel Ezra Wohuifia and Gai Amini, the four survivors were alert, conscious, and in stable condition, though they were suffering from hypothermia due to prolonged exposure to cold water.
The ambulance officers monitored the survivors until their body temperatures normalised and then handed them over to PNG Ports for further care and drop-off arrangements.
Mr. Papenfus commended PNG Portsâ Lae team, as well as the Master and crew of Western Queen, St Johns Ambulance, and port workers present that night, whose collective roles ensured that the lives were saved.
Published on July 28, 2024
NPL EXCEEDS PRODUCTION TARGETS DESPITE CHALLENGES
Prime Minister (PM) James Marape has commended New Porgera Ltd (NPL) for remaining on track with production at Porgera Gold Mine and meeting its initial targets, despite the operational challenges presented by the recent Mulitaka landslide in Enga province.
He made this statement while welcoming the announcement that Porgera Gold Mine has met or exceeded its targets since resuming mining in December last year, with gold production for the first half of the year above guidance and all-in sustaining costs trending lower.
Marape also highlighted his privilege of meeting Barrick President and Chief Executive Officer (CEO), Mr. Mark Bristow, who was in the country to review NPLâs second-quarter results, alongside Enga Governor Sir Peter Ipatas and Provincial Administrator Sandis Tsaka.
âI commend New Porgera Ltd, and especially operator Barrick, for the work it has done since mine resumption last December,â Prime Minister Marape said.
âI am happy that the mine is near almost 100 percent production now after overcoming so many obstacles.â
âNew Porgera Ltd is a good model for Papua New Guinea's partnership with overseas investors on large projects like Porgera.â
âWe look forward to ramping up security at the mine and improving road access, in partnership with New Porgera Ltd.â
Mr. Bristow said keeping Porgera open in the wake of the landslide allowed for a swift response by the mine to the collective recovery effort while sustaining the mineâs contribution to the provincial and national economies.
âReacting rapidly to the disaster, our teams put into operation an air bridge and a temporary pipe across the slip to be able to supply fuel and essential goods not only to the mine but to local businesses serving the tens of thousands of residents of the Porgera valley.â
âThe cooperation of the Mulitaka community is essential to keeping these lifelines open until the permanent bypass road can be completed,â Bristow said, expressing his deepest sympathies to the families and friends of victims of the landslide and reaffirming NPLâs commitment to impacted communities.
He said Porgera employees have been on the ground in Mulitaka daily and are embedded at the Enga Provincial Governmentâs disaster relief center in Wabag to assist with all aspects of the rehabilitation effort. These include the delivery of essential goods and fuel while contributing geotechnical expertise to assist with ground stabilization and the design of the new bypass road.
Barrick and JV-partner Zijin also jointly contributed US$1 million towards relief efforts, approximately half of which has already been deployed.
Meantime, Mr. Bristo made it clear that NPL stands ready to pay benefits directly to landowner households, without going through middlemen, once the CDA is executed, adding that the mine would make additional infrastructure contributions to the project footprint area through effective use of the tax credit scheme in collaboration with local and provincial authorities.
NPL currently employs 2, 500 people, of whom 57% are from Porgera and Enga, 40% from the rest of Papua New Guinea (PNG) and 3% expatriates.
The first gold, following the resumption of operations at the mine, was poured in January, electricity from the Hides power plant in Hela Province was restored in April and a throughput performance test agreed to with PNG was achieved in June, four months ahead of schedule.
Bristow also singled out the lack of law and order as the greatest threat to the continued operation and profitability of the mine, requiring the active support of all stakeholders to ensure that Porgera could continue to deliver benefits in line with its potential as a Tier One1 asset.
Published on July 26, 2024
AIRPORT LEVIES & CHARGES HAVE NOT INCREASED SINCE 2013
Transport and Civil Aviation Minister Walter Schnaubelt says there has not been any changes nor increase in airport levies and fees, charged by the National Airports Corporation, since 2013, despite inflation and the increased cost of doing business since then.
âFor the past 11 years, despite the high costs of operations due to inflation and other economic factors, National Airports Corporation (NAC) has not increased airport levies and charges as it should.â
The Minister was responding to calls made by Member for Bulolo, Sam Basil Jnr, to review and reduce all unnecessary airport levies and charges.
âWhile we understand the current plight of our people in relation to the rising cost of living, it is also important to understand that airports are complex businesses with massive infrastructure â runways, terminals and security systems â that require constant upkeep and upgrades,â Schnaubelt said.
He explained that the collection of airport charges helps in funding essential services such as baggage handling, airport terminal facilities and services and passenger screening and security, which are important factors in ensuring safety and security for all airport users.
âPeople should have researched relevant information pertaining to NAC and its responsibility before commenting unnecessarily raising baseless points in the mainstream and social media.â
He noted thereâs constant confusion on who is NAC compared to airline companies.
âWe have no jurisdictions over airline companiesâ operations and fee structures they impose on passengers.â
âThe Civil Aviation Safety Authority of Papua New Guinea (CASA PNG), the regulator monitors all compliance issues focusing on safety and security of their operations.â
âUnder licenses, NAC is also monitored by CASA PNG on safety and security matters and for the usage of airport facilities.â
âOur levies as of the date of this article sit only at K68 per ticket per passenger,â Schnaubelt clarified.
Minister Schnaubelt further revealed that airline operators owe NAC K150m for usage of airport facilities and debt recovery is ongoing.
âDebt recovery only commenced when I became Minister.â
âAt this juncture I thank the Minister for State Enterprises Hon. William Duma and Air Niugini Limited management for their weekly debt reduction instalment and simultaneously, meeting current rental and aeronautical obligations.â
âItâs still a long road ahead for NAC to be financially sustainable.â
Schnaubelt stated that despite the challenges, NAC has remained committed to providing safe and secure operations while maintaining the collection of existing charges for 11 years since 2013.
Published on July 25, 2024
LNG LANDOWNERS TOLD TO ORGANISE THEMSELVES
The landowners from upstream Petroleum Development License (PDL) areas, must really organise themselves properly so to benefit from the funds from the PNG LNG project, which are still sitting idle in trust accounts for several years now.
Prime Minister (PM) James Marape stressed this recently when stating that only by doing so, the concerned landowners can access the over K1 billion worth of royalties and equities that are still sitting in trust accounts.
He said landowner direct royalty and equity entitlements from what was signed in the Umbrella Benefits Sharing Agreement (UBSA) at Kokopo and split by percentage at all the Landowners Based Benefits Sharing Agreements (LBBSAs), need their help to be released for their use.
âThis fund is now over K1 billion that is sitting in accounts held by both Government and Mineral Resources Development Company (MRDC) at Bank South Pacific and Central Bank,â Prime Minister Marape said.
âI encourage landowners to assist the Department of Petroleum in resolving all outstanding issues. This will allow for their rightful entitlements to flow through like what the landowners of Papa-Lealea in Central Province are presently receiving.â
PM Marape also informed landowners that whatever else was owed, as per UBSA and LBBSAs, would be verified and settled.
Published on July 23, 2024
PNGDF MARKS 43RD REMEMBRANCE DAY| LEST WE FORGET
The 1st Royal Pacific Islands Regiment (1RPIR) marked the 43rd Remembrance Day this morning with the annual Dawn Service at the Taurama Barracks in Port Moresby city attended by the soldiers, their families and some members of the Australian Defence Force (ADF).
The Service is to remember the soldiers that served and their sacrifices during the Second World War, including the Papua New Guinean soldiers of the Papuan Infantry Battalion and the Niugini Infantry Battalion who fought alongside the Allied troops, which marked a significant part in the countryâs history.
1RPIRâs Commanding Officer (CO) and Area Commander, Lt Col (Leftenant Colonel) Ezron Dakaetavara, said today is a time to remember the service and sacrifices of these brave men, and those that have served in other conflicts that PNG was involved in like the Bougainville crisis from 1990 to 1997 and the Vanuatu Campaign in 1980.
âOn this day we remember with pride their courage, their compassion and their comradeship.â
âWe also remember allies that fought alongside them for our freedom during the campaign in Papua New Guinea during World War Two.â
âWe also remember and honour those who died or were wounded or missing in action in the tragedy of war."
âWe remember and honour them for what they have accomplished for our nation and have left us a splendid heritage,â said the CO.
Lt Col Ezron Dakaetavara further said that the marking of the 43rd Remembrance Day was also significant because it also marks 82 years on since the first shots were fired by the Papuan Infantry Battalion in action against the Japanese in World War Two (WW2).
The Dawn Service this morning saw the Guard Mounting done by members of Bravo Company, who proceeded to the parade grounds at 5am to commence the service witnessed by families and the service men and women of the 1RPIR.
The service started off with a history of the members of the Papuan Infantry Battalion and their campaign in WW2, a hymn performed by students, a requiem, bible readings by two service men and the sermon delivered the Army Chaplin.
This was later followed by the Tribute to Remembrance Day, Dedication to the Fallen, the Ode, the playing of the Last Post, the laying of wreaths, a minute of silence for the fallen, Lament, Reveille, and the National Anthem performed by students and the Final Blessing.
Published on July 23, 2024
STARLINK GRANTED LICENCE TO OPERATE IN TONGA
The Tongan government has granted a provisional temporary permit to Starlink to operate in the Kingdom for a six-month period.
Almost a third of Tonga's population was cut off from the internet for more than a fortnight after a suspected quake on late last month disrupted the service to two outlying islands popular with tourists.
The government had also deactivated Starlink, saying it did not have a licence to operate in the country.
Tongans had started a petition, calling on the government to allow access to Starlink internet services.
Tongans, especially in the outer islands, are seeking to use the Starlink global satellite network service, mostly via roaming subscriptions registered in other countries, as a lifeline during ongoing cable outage, according to a Matangi Tonga report.
In a statement on Saturday, Tonga's Ministry of Meteorology, Energy, Information, Disaster Management, Environment, Climate Change & Communications (MEIDECC) said the decision was in response to a "significant amount" of public concern.
The ministry said the temporary permit includes several conditions to ensure compliance with government regulations, as well as aid the disruption of the domestic fibre optic cable to Vava'u and Ha'apai islands.
One of the conditions of the permit is that Starlink Pacific Islands LLC is required to facilitate local payment methods for businesses in Tonga and to provide details of the terminals used in Tonga.
The company must also ensure it satisfies all tax obligations and is expected to facilitate local payment methods for businesses in Tonga.
"This temporary permit follows recent events where the government instructed Starlink to cease its services in Tonga due to illegal use of satellite terminals and disruptions caused by the undersea fibre cable outage to Vava'u and Ha'apai Islands since June 29th," the MEIDECC's chief executive Sione Pulotu 'Akau'ola said in a statement on Saturday.
"The issuance of this permit aims to address public concerns while ensuring that operations are conducted in accordance with regulatory requirements, resorting to the connectivity outages in the outer islands, while the application for a full license is finalising."
rnz.co.nz
Published on July 22, 2024
PNG SEEKS TO ENGAGE INDONESIAN FIRMS IN DOWNSTREAM PROCESSING
The Minister for International Trade and Investment will be heading back to Indonesia in three weekâs time along with a delegation including the Deputy Prime Minister, to talk investments in downstream processing.
Minister Richard Maru in an interview with PNG HAUSBUNG revealed that this next trip will include the heads of State own Enterprises like PNG Power Limited, Kumul Mineral Holdings Limited and Kumul Petroleum Holdings Limited, to gain insight into Indonesian companies engaged in downstream processing in their own country and secure their investments in Papua New Guinea (PNG), so to establish downstream processing facilities in the country.
âWe will return (to Indonesia) in three weeksâ time to look at possible business opportunities between Indonesia State owned companies in the mining and petroleum sector who are particularly involved in downstream processing of all their raw materials from gold to nickel,â said Minister Maru.
Minister Maru said the recent trip to Indonesia was a successful one as it exposed the Papua New Guinea delegation to the successes of the Indonesian companies in downstream processing.
âThatâs the part theyâve already gone, and we can learn a lot from them, and we want to make sure we go back in three weeks time and visit the mines, visit the operations of those companies and see how we can invite them to come in, secure licenses in PNG and become joint venture partners with us.â
Minister Maru added that although PNGâs partners like Australia have investments in the country, full scale downstream processing in both the resource sector and agriculture sector is not one of those investments they engage in, instead its all about extracting raw materials and sending them away overseas.
âWe no longer want to do that, its not only in the mining and petroleum space, but also in other sectors including agriculture and fisheries, forestry. We need to go down this path.â
âIt's a whole of government approach, we are going to downstream processing, creating industries and jobs for our citizens. We have a lot of unemployed youths; we need to find employment for them,â he stated.
Maru said PNG needs to learn a lot from Indonesia and he is excited about their keenness to assist PNG to go the path Indonesia follows, which has helped to build a strong economy for them.
âRight now, there is no big Indonesian company who is an investor in Papua New Guinea. We are hoping that before the end of the year, we will have some decisions to have major joint ventures between Indonesian companies, not only in mining and petroleum space, but in fisheries and agriculture.â
âWe need to now work on that by going back to Indonesia and look at some arrangements so that in discussion with them, we make sure to have these agreements and announcements by September this year.
Published on July 22, 2024