The Pro-Active Voice of the Morobe Business Sector

LCCI Logo 2021

Updates from Lae Police

Articles provided by Bustin Anzu the Police Media Officer Police cell system launched LAE police has launched its new cell management system this week. The launching of the computerised cell management system will replace the old manual system, which has been cheated and abused by police for so long. Lae Metropolitan Commander Chief Superintendent Iven Lakatani said this is the very first of its kind that they were so fortunate to use such a modern

PNG to support, work with island states

ECONOMIC development, climate change, oceans and sustainable development in Small Island Developing States are the focus of an international conference which kicks off today. Heads of state and international delegates have gathered in Samoa for the third UN Small Island Developing States (SIDS) conference. With an overarching theme of sustainable development through genuine and durable partnerships, SIDS aims to focus international attention on a group of countries that remain a special case for sustainable development

New-Found Woes For Post PNG

SPIN doctors for Public Enterprise Minister Ben Micah and the board and management of Papua New Guinea’s national postal service have gained editorial coverage in PNG’s media to sugar-coat a bad-news situation. According to media reports quoting the Minister, Post PNG has recently been forced into a receivership situation and needed rescuing with its overseer, the Independent Public Business Corporation, agreeing to provide K40 million in rescue funds. Soon afterward the organisation launched a new

Five Questions For Steve Hillyard, PNG General Manager At Pronto Software

Businesses in Papua New Guinea want to be able to operate seamlessly in remote locations, and take advantage of the revolution in mobile services, says Pronto Software’s Steve Hillyard. Business Advantage PNG speaks with him about how PNG has become the software company’s second largest market. Business Advantage PNG: Pronto Software has established a strong presence as a business management software provider in PNG for more than two decades now. How has the company grown

Steamships Flags Higher Sales,Warns Of Pressures

STEAMSHIPS Trading Company has confirmed a K51.1 million profit for the half year but warned of increasing pressures driven by a slower economy. The Papua New Guinea-based company’s half-year unaudited profit after tax and minority interests marks an increase of 66.1% over the same period in 2013 but a decrease of K12.7m or 19.9% when adjusted for a 2013 impairment of the company’s shipping assets. In a report to shareholders, Steamships said there had been

ANZ Suggests A PNG Government Bond Issue To Finance Deficit Spending

The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century. ‘I hold a bullish view about PNG’s future,’ declared Mike Smith, addressing the Port Moresby Chamber of Commerce and Industry last week. ‘Since my last visit around 18

PNG Vows To Meet Law And Order Challenge

PAPUA New Guinea’s national government says it will improve law and order following the release of a World Bank Group report which warned high rates of crime and violence are slowing business expansion and hampering the country’s economic development. PNG asked the World Bank to assess the social and economic costs of crime and violence as they related to business, citizens, government and civil society. Eight out of 10 businesses surveyed in PNG said they

Dancing Around The Issue

ABOLISHING fly-in, fly-out employment would have detrimental effects for Papua New Guinea’s mining industry, an Australian junior has warned. While applauding the PNG government’s determination to consult industry ahead of changes to the constitution regarding resources ownership, Highlands Pacific CEO John Gooding warned of potential ramifications of changing fly-in, fly-out rules. As PNG mining minister Byron Chan had vowed to halt FIFO operations – mostly from Cairns but also from other Australian destinations – for

Treasury report shows that PNG’s budget situation is over-stretched

OVER recent months, a few morsels of information have come to light suggesting that the financial situation is tightening around the government of Papua New Guinea. Now with the benefit of the Treasury’s mid-year report we have a much clearer picture. As expected, it’s not pretty. What we see is a government struggling to play by its own fiscal rules and to deliver on its own budget. It’s not obvious how long the country can

Private sector encouraged to lead cluster developments in the Pacific

Nadi, Fiji – A two-day workshop to review four cluster pilots undertaken in Papua New Guinea, Samoa, Tonga, and Vanuatu ended on Tuesday with participants clearly outlining the desired future direction of cluster development in the Pacific. The Regional Cluster Initiative Project was funded by Business Climate Facility (BizClim), a programme of the European Union and the ACP Secretariat, funded through the 10th EDF (European Development Fund). The project was allocated €932,000 for the four countries.

Boosting the domestic economy is the key to increasing PNG growth

The creation of the PNG LNG project highlights the next major challenge facing Papua New Guinea: how to grow the non-mining sectors. Economist Dan Gay says growing domestic demand, the internet and service industries can help overcome inherent problems. Whatever the Pacific’s been doing until now, it hasn’t been working. Overall economic growth in Papua New Guinea, leaving aside the LNG project, has been lacklustre. And the same applies in other Pacific states. World Bank

Mining recovery a long way off, says Newport

The outlook for the mining sector has reached a new five-year low and confidence levels are likely to take years to recover, according to Newport Consulting’s new mining outlook. Despite some optimism last year, the latest report found mining leaders troubled by falling demand and a tough regulatory environment. An overwhelming 93% of leaders were not optimistic about their growth prospects for the next 12 months, up more than 50% on last year. A further