|All pictures@MALUM NALU|
Friday, October 31, 2014
Thursday, October 30, 2014
The National Executive Council recently endorsed the establishment of the Papua New Guinea Sovereign Wealth Fund (PNG SWF) under the Organic Law.
Prime Minister Peter O'Neill said Cabinet has endorsed the establishment of the fund under the Organic Law and approved a Certificate of Compliance issued by the First Legislative Counsel.
In support of the PNG SWF, O'Neill said Cabinet had taken note of the First Legislative Counsel's draft bill for the establishment the fund under the Organic Law.
He said NEC would advise the Governor General to recommend to Parliament that the bill be accepted and had directed the First Legislative Counsel to;
a) Prepare an instrument for the Governor General to sign that recommends to Parliament that the Organic Law on SWF Bill 2014 establishment be accepted;
b) Prepare and publish the instrument of gazettal for the bill and;
c) Carry out any other processes to allow the bill to be tabled in Parliament.
"NEC also directed SWF Secretaries Committee to report back to Cabinet, through Ministerial Committee on Economic Sector (MCES), with updated action plan to operationalize the SWF," O'Neill said.
He added that Cabinet also approved the engagement of an external law firm by Department of Treasury to assist the SWF Secretaries Committee prepare secondary legislation, consequential amendment to existing legislation's and regulations' and procedures necessary to operationalise the SWF.
"This wharf is going to be the hub of trading activity for the Pacific, as well as Australia and New Zealand, as it can cater for large ships that carry bigger loads and would continue to serve out of this port," O'Neill said.
He said the expanded facility would work in with other major projects such as the Wafi Golpu mine and other mining projects that are taking place in the vicinity of the port.
Speaking to PNG Ports staff and management, O`Neill encouraged all people involved with the port expansion to think big and work to continually to increase their efficiency as the port expands.
"You have been given the authority to operate this port according to best commercial practices, and it is up to you to improve your level of service to your customers," he said.
"We can spend millions of Kina on projects like this, but to make it work we have to go beyond old practices and work at world standards."
O`Neill said while the government had inherited a range of infrastructure deficiencies following decades of neglect, he said the National Government was working through these problems and allocating funding to key projects.
The Prime Minister cut the ribbon to officially open the port.
Wednesday, October 29, 2014
You won't miss the glorious sight of the Erap as your plane is about to land at Nadzab Airport.
From its catchment in the Saruwaged Range, it flows into the Markham Valley, where it joins the Markham River.
One of the treasures of Morobe.
Monday, October 27, 2014
|Former Lutheran Shipping vessels mv Gejamsaoc and mv Maneba (pictured at Voco Point in Lae) have been bought off by MorobeCoast Shipping Services Ltd|
Over the years, the areas were served well by the shipping and the airlines services.
However, in the last 15-20 years the airlines services have more or less ceased except for very limited services and charter operations for those who can afford the services.
While this was going on, the people living in the FISIKA area were finding it difficult to travel and to transport their produce to the markets in Lae or for the government services to be delivered to the districts.
The Speaker assembled a small group of liked-minded individuals from the Morobe Province and formed an advisory committee to advise him on the shipping situation.
- Shipping Proposal
- Possible Shipping Options
- Provide direct financial assistance to Lutheran Shipping in terms of funding injection or the provision of new vessels to the company;
- Set up a joint venture (JV) Company with Lutheran Shipping to help rejuvenate the company and provide funding; and
- Set up a stand-alone shipping venture to operate and service the coastal districts of Morobe.
Obviously, under this option, the directors and shareholders must be fully made aware of the current financial position of Lutheran Shipping and the management issues with its shareholder.
The board of directors of the company is comprised of seven directors, one each from the five districts and two independent directors.
- Road Transport Division
- Set up a road construction and maintenance group in the district in Finschhafen, Sialum, Wasu and Siassi to build and maintain the road networks in the districts;
- Set up and manage road transports in the districts to provide the complete system of transport to the rural people of the districts to travel to and from their villages to the main centres for commercial or social activities.
- Air Transport Division
- Review the existing airstrips in the remote parts of the various districts with view to provide maintenance to continue to provide services to the people in the remote areas;
- Set up JV arrangements with existing third level airline operators to continue to service the rural population;
- Agriculture, Marine and Local Produce Marketing Division
- Set up and manage the agriculture and marine commodities marketing for cocoa, coffee and fish from the local producers at their locations and selling the produce to buyers and processors in Lae;
- Set up marketing for the local market produce from various villages could be bought off the rural people and transported to Lae for sales, providing the needed cash injection into the village economy.
|mv Morobe Rainforest lying idle off Voco Point in Lae|
- Kabwum District - Bob Dadae, MP
- Tewae Siassi District - Mao Zeming, MP and Minister for Fisheries
- Finschhafen District - Theo Zurenuoc, MP and Speaker of National Parliament
- Nawaeb District - Gisuwat Siniwin, MP
- Huon Gulf District - Ross Seymour, MP
When an MP is replaced during a national election, a by-election, or any other means where he or she is no longer an MP for the district, the shareholding is automatically transferred to the new MP for the Districtd.
The returning sitting MP in a general election continues to holds the share for his district.
- Kabwum - David Katinge
- Tewae Siassi - Billy Amakua
- Finschhafen - Paul Isan
- Nawaeb - Fua Singin, Chairman
- Huon Gulf - Diemer Sakaing
- Independent - Raemeng Sifumac
- Independent - Dason Geveken
- Shareholders - Bob Dadae, MP
- Manager: Namon T Mawason
- Financial Controller: Zabba J Kewoing
The vessels were operational at the time of the liquidation and can be operational as soon as we complete the change-of-ownership process with National Maritime Safety Authority and Department of Transport, Maritime Division, for coasting trade licences for the vessels and secure a longer-term lease of the Voco Point Wharf.
This facility will continue to serve the new shipping company and therefore we are negotiating a long-term lease with option to buy the facility with current owners, NASFUND.
This wharf facility is very important for MorobeCoast Shipping Services Ltd to grow and to serve the people of the Morobe coast.
The major issue with the wharf is the silting of sand at Voco Point, which is seriously affecting the wharf.
|mv Maneba can be seen with its bow sitting high up on the sand bank.|
It will now take on where the Lutheran Shipping left off, and will continue to serve the people on the Morobe coast and once properly establish and extend the operations into the neighbouring West New Britain, Madang and Northern provinces.
The market has been part of my life since I was a child,
The facilities, however, need to be improved and there were so many people selling their food out in the mud and rain.
The Lae City Council, which is tasked to look after the market, must make it a priority to upgrade all facilities at the market.
The Lae Main Market has the potential to become a leading tourist attraction in the country, just like markets in countries like, for instance, Taiwan, if we can only be a bit more creative and innovative.
Otherwise, Lae Main Market has the bestest, and the freshest, food of all markets in PNG.
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