PNGBLOGS

The Asian Development Bank (ADB) and Government of Papua New Guinea (PNG) signed a loan worth $41.5 million to fund the  Maritime and Waterways Safety Project  which will help improve navigational aids, allowing ships to travel more safely through PNG's largely unchartered and often unsafe waters. The signing ceremony was attended by Don Polye, Treasurer, the Government of Papua New Guinea, Marcelo Minc, Country Director of ADB's Papua New Guinea Resident Mission, and Chris Rupen, General Manager/CEO of the National Maritime Safety Authority. Yasuhiro Yamauchi, First Secretary, Embassy of Japan in Papua New Guinea witnessed the ceremony, as the ADB-administered Japan Fund for Poverty Reduction (JFPR) supported preparatory work for the project. With over 600 islands spanning a total sea area of over 3.1 million square kilometers, PNG relies heavily on its network of coastal shipping services. The reliance of coastal communities on shipping services is amplified by the

WE ARE CONCERNED WITH THE LACK OF TRANSPARENCY AND GOOD GOVERNANCE IN THE O’NEILL- DION GOVERNMENT. WE ARE EQUALLY CONCERNED WITH THIS GOVT’S MISMANAGEMENT OF THIS COUNTRY, THROUGH ACTIONS AND INACTIONS THAT ARE OF GRAVE CONCERN MYSTERIOUS JET: THE STORIES OF ALL THOSE INVOLED DO NOT ADD UP, SO IS BLACK MONEY OR SOMETHING VALUABLE INVOLVED? THE OPPOSITION IS CONVINCED THAT THERE IS MORE TO IT, HENCE THE OPPOSITION WILL NOT REST UNTILL IT GET’S TO THE BOTTOM OF THE SAGA - ALL RELEVANT AIRPORT SERVICES AT JACKSONS AIRPORT; CUSTOMS,IMMIGRATION, CAA (ESPECIALLY THE CONTROL TOWER) HAD NO IDEA THE PLANE WAS ON HIS WAY TO PNG - PLANE’S ROUTE AND STOP OVER AT TROUBLE HOT SPOTS AND TAX HAVENS IS OF CONCERN - WHY A NON STOP, LONG HAUL FLIGHT WITH A SINGLE PILOT FROM THE MALDIVES - NO PRIOR APPROVAL BY CIVIL AVIATION TO LAND PLANE ANY WHERE IN PNG - NO APPROVAL OF THE PLANE’S FLIGHT PLAN IN PNG AIR SPACE - FLYING A BIG JET PLANE WITH A SINGLE PILOT IN PNG AIR SPACE - PLANE APPEARED FROM THE BLUE

WE ARE CONCERNED WITH THE LACK OF TRANSPARENCY AND GOOD GOVERNANCE IN THE O’NEILL- DION GOVERNMENT. WE ARE EQUALLY CONCERNED WITH THIS GOVT’S MISMANAGEMENT OF THIS COUNTRY, THROUGH ACTIONS AND INACTIONS THAT ARE OF GRAVE CONCERN MYSTERIOUS JET: THE STORIES OF ALL THOSE INVOLED DO NOT ADD UP, SO IS BLACK MONEY OR SOMETHING VALUABLE INVOLVED? THE OPPOSITION IS CONVINCED THAT THERE IS MORE TO IT, HENCE THE OPPOSITION WILL NOT REST UNTILL IT GET’S TO THE BOTTOM OF THE SAGA - ALL RELEVANT AIRPORT SERVICES AT JACKSONS AIRPORT; CUSTOMS,IMMIGRATION, CAA (ESPECIALLY THE CONTROL TOWER) HAD NO IDEA THE PLANE WAS ON HIS WAY TO PNG - PLANE’S ROUTE AND STOP OVER AT TROUBLE HOT SPOTS AND TAX HAVENS IS OF CONCERN - WHY A NON STOP, LONG HAUL FLIGHT WITH A SINGLE PILOT FROM THE MALDIVES - NO PRIOR APPROVAL BY CIVIL AVIATION TO LAND PLANE ANY WHERE IN PNG - NO APPROVAL OF THE PLANE’S FLIGHT PLAN IN PNG AIR SPACE - FLYING A BIG JET PLANE WITH A SINGLE PILOT IN PNG AIR SPACE - PLANE APPE

Papua New Guinea is an investment opportunity often overlooked by emerging market bulls. What do they commonly look for? High growth, steady government, abundant resources. The economy of PNG is steady and growing quickly on the strength of the agriculture, mining, and oil/gas industries. The country is one of the worlds most unexplored and this thought to still be home to numerous undocumented plants, animals, insects, tribes, and languages. This underdeveloped economy is ready for growth and appears surprisingly open to foreign investment. Like every nation on Earth, there are problems (which I will outline), but what makes investment in PNG special is the how surprisingly overlooked and underdeveloped the country and economy is despite the vast natural resources and economic and political stability. (click to enlarge) Pros GDP Growth PNG's GDP was 16.9 Billion in 2011, a growth of 8.9% (12th in the word according to the  CIA ) from 7.8 and 6.1 percent in 2010 and 2009 respective

Papua New Guinea is an investment opportunity often overlooked by emerging market bulls. What do they commonly look for? High growth, steady government, abundant resources. The economy of PNG is steady and growing quickly on the strength of the agriculture, mining, and oil/gas industries. The country is one of the worlds most unexplored and this thought to still be home to numerous undocumented plants, animals, insects, tribes, and languages. This underdeveloped economy is ready for growth and appears surprisingly open to foreign investment. Like every nation on Earth, there are problems (which I will outline), but what makes investment in PNG special is the how surprisingly overlooked and underdeveloped the country and economy is despite the vast natural resources and economic and political stability. (click to enlarge) Pros GDP Growth PNG's GDP was 16.9 Billion in 2011, a growth of 8.9% (12th in the word according to the  CIA ) from 7.8 and 6.1 percent in 2010 and 2

By JOE KRUPKA We may be outraged by the conditions on Manus Island - but are we prepared to face the truths about why our government continues to treat asylum seekers so abysmally, asks Zoe Krupka As legal proceedings against the processing centre on Manus Island begin, and Sarah Hanson-Young prepares to visit to the detention centre, we’re asking a lot of questions about the terrible conditions people seeking asylum in Australia are now forced to face. As the evidence of repeated suicide attempts mounts, we keep hoping for lessons to be learnt. Is it possible that we have learned the lessons from past human rights abuses? Can we face the possibility that what we are seeing in action is not ignorance but well-rehearsed cruelty? There is a recipe for suicide. The most recent research on the conditions that encourage people to kill themselves names a number of key factors that together create such despair and hopelessness that death becomes preferable to living.  These conditions are cre

By JOE KRUPKA We may be outraged by the conditions on Manus Island - but are we prepared to face the truths about why our government continues to treat asylum seekers so abysmally, asks Zoe Krupka As legal proceedings against the processing centre on Manus Island begin, and Sarah Hanson-Young prepares to visit to the detention centre, we’re asking a lot of questions about the terrible conditions people seeking asylum in Australia are now forced to face. As the evidence of repeated suicide attempts mounts, we keep hoping for lessons to be learnt. Is it possible that we have learned the lessons from past human rights abuses? Can we face the possibility that what we are seeing in action is not ignorance but well-rehearsed cruelty? There is a recipe for suicide. The most recent research on the conditions that encourage people to kill themselves names a number of key factors that together create such despair and hopelessness that death becomes preferable to living.  These condition

AFTER a few years when Australia's closest neighbour, Papua New Guinea, seemed to have drifted far from our thoughts, in recent weeks the relationship has intensified immensely. Prime Minister Peter O'Neill last month spent a week "down south", during which he delivered three especially stimulating and constructive speeches about the economic relationship with Australia. Before coming, he had barred economist Ross Garnaut, one of Australia's leading public intellectuals, from entering PNG. Garnaut consequently quit the chairmanship of PNG's biggest- earning company, Ok Tedi Mining. Partly as a result, O'Neill became embroiled in a fierce debate with BHP-Billiton. And the Australian government's new Pacific Solution for asylum seekers has been thrown into jeopardy by a legal challenge from PNG's controversial opposition leader Belden Namah. What's triggering such willing events? They emerged as separate skirmishes. But the context has magnified