Posts From Editor
The Australian Government has granted Papua New Guinea AU$580 million to rebuild and upgrade its ports (roughly K1.48 billion). The State Enterprise Minister, William Duma, stated K66.4 million was already earmarked for Kavieng Port. The New Ireland Chamber of Commerce and Industry president, Nolis Thomas, said the initiative would create local jobs and boost New Ireland’s export earnings. Mr Thomas said, “Just by having the project here will provide employment
The Appointment Committee for the Independent Commission Against Corruption (ICAC) met again in Port Moresby as the formation of the ICAC continues to proceed as planned. Papua New Guinea Prime Minister James Marape stressed the need for the government to fight the ‘disease of corruption’. He urged the Appointments Committee to move forward as fast as possible before the National General Elections. The meeting was chaired by the Prime Minister
The governments of Papua New Guinea and Australia have signed an agreement worth USD435 million (AD580 million or PNGK1.48 billion) for Australia’s funding of the refurbishment and upgrade of ports in PNG. The massive funding, to be executed through PNG Ports Corporation, is the biggest single investment by Australia in any sector and project in the history of the Australia Infrastructure Financing Facility for the Pacific (AIFFP), Australia’s assistance programme
The State Bank of Vietnam (SBV) hosted the 57th SEACEN Governors’ Conference / High-Level Seminar and the 41st Meeting of the SEACEN Board of Governors (BOG) on 6 December 2021.[1] In light of the COVID-19 pandemic, the SEACEN BOG Meeting was convened virtually for the second year in a row. While there has been considerable progress in the SEACEN members’ respective response and recovery efforts in 2021, particularly on vaccination rates,
