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Shortfalls in Foreign Exchange affecting businesses in PNG

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“The lack of foreign exchange has become the biggest barrier to doing business in PNG according to PNG business leaders. The shortages of foreign exchange have been going on for several years – everything was fine until 2014. Promises keep getting made that things will be better soon – but everyone keeps waiting and waiting. Now is the time to have a really serious national discussion about how to fix PNG’s most pressing business issue. We need a solution to get growth going again” said Ian Ling-Stuckey, PNG’s Shadow Minister for Treasury and Finance.
“A key issue in this discussion must be whether the Kina has to be devalued. This is an unpopular topic. However, almost all economists are saying that it is now the only option. This view was made very clear at the PNG Update held at the University of Papua New Guinea in June. It is the view of the ANZ Bank. It is the view of the IMF. It is the view of the international credit agencies when commenting on the challenges facing the PNG economy. It is a view that we should openly discuss and make decisions about whether this view is valid or not.
“The actual decision on the exchange rate is formally one for the Bank of PNG. Formally, it is not a government decision. PNG’s central bank has a proud history. As it approaches its 45th anniversary on 1 November, it is timely for the bank to host a conference on the best foreign exchange arrangements for PNG. This should include those calling for a return back to a market-based exchange rate. It should include representatives of cash-crop farmers groups who could be massive winners from a devaluation. It should include SME representatives that find it hard to export as they can no longer set up foreign currency accounts. It should include trade and investment experts on how the lack of foreign exchange has been dragging down foreign investment. It should also include voices from importing businesses who could lose from a devaluation. It should also include representatives of unions whose urban members could lose from a devaluation. There will be winners and losers, but clearly the current situation is bad and crippling opportunities for PNG” said the Shadow Treasury.
“In my budget response speech of last November, I indicated that there were a series of actions that should be undertaken to fix the foreign exchange crisis. This included the following statement – ‘Some of the fault of the current foreign exchange crisis lies in the out-dated objectives set in legislation for our central bank. A review would seek to rebalance the current excessive emphasis on just the inflation objective with one that also includes a growth objective. Such a review will provide an important opportunity for a national discussion of our foreign exchange system. PNG has moved away from being a freely convertible currency to being one dominated by central bank controls. Our businesses have been disempowered and the bureaucrats left to make decisions which can make or break struggling PNG businesses. This has been undermining our international competitiveness. If the outcome of a review is to move back to a freely convertible currency, there is a distinct possibility that the currency could gradually move downwards for a period of time before moving back up again. If this is the case, the Alternate Government would do things to ease with any transition.’

“I stand by this statement. The National Alliance stands for better growth opportunities of at least 5 per cent for all those in the non-resource areas of PNG. It is time for a serious national discussion about our foreign exchange rate system and how it is crippling growth, and the 45th anniversary of BPNG’s creation on 1 November is a good opportunity” said Mr Ling-Stuckey.

Press Release

Tuvalu calls on President Trump to return the United States of America to the Paris Agreement

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The small island nation of Tuvalu has appealed to the leader of the world’s most powerful nation, Donald Trump to rejoin the global climate change pact, the Paris Agreement.

The United States withdrew from the Paris Agreement in June last year but it has continued to participate in United Nations climate change meetings during the withdrawal process, which is expected to take effect in 2020.

“We appeal to this Noble House not to allow this to happen. Tuvalu, whose islands and lagoons were used by the American forces in the Second World War to conquer the enemy in the Pacific, urges President Trump and the USA to re-join the Paris Agreement, so we can all paddle together to save the world against our single most threatening enemy of climate change.

“Failing this, Tuvalu strongly proposes that we the signatories of the Paris Agreement must quickly return to Paris to critically and urgently re-assess our mitigation pledges and dramatically increase our efforts to reduce greenhouse gas pollution. We cannot allow one country to desert the process and derail our efforts, said PM Sopoaga.

He said for a small island nation like Tuvalu with a population of just over 11,000 – the current global warming trend spells a very bleak and miserable future – a future that demands huge investments on mitigation and adaptation that are simply beyond our capabilities

“The Paris Agreement offers us a lifeline. But the current commitments in the Paris Agreement constitutes only a third of what is needed to avoid catastrophic consequences of climate change. This is a direct threat to our existence and survival.

As already established based on the IPCC’s assessments, unless the global community steps up our actions to significantly lower GHG emissions, small island developing states (SIDS) like Tuvalu will disappear completely within the next 30-50 years .

He reiterated his claim that climate change is a weapon of mass destruction.

“It is slaughtering fellow human beings world-over. The UN cannot and must not allow the biggest Greenhouse gas (GHG) emitters to turn away from their moral duty to urgently reduce GHG emissions, and to save SIDS like Tuvalu with appropriate adaptation support. It will be shameful for the whole of humanity to ever allow Tuvalu disappear.

“Every single year wasted with no actions on climate change, draws Tuvalu a year closer to its total demise from earth. But Tuvalu will never give up, we will fight to protect and save our islands, our people, our culture, and our future, he told world leaders in his statement at the UN General Assembly in New York.

He urged State Parties to commit urgent actions to ensure the Implementation Guidelines for the Paris Agreement are concluded.

“We must also ensure that the Talanoa Dialogue process leads to a strong political declaration and decision that responds to the IPCC 1.5 degree Celsius report and sets a pathway for enhanced climate change action.”

For its part, Tuvalu is fully committed to shifting to 100% renewable energy by 2020 despite its negligent greenhouse gas emissions.

“I extend our deep appreciation to the Governments of India and France for their initiative on solar energy development, under the International Solar Alliance, and to the EU, NZ, Taiwan, Italy, Austria, Japan and the World Bank for their support on energy efficiency and solar energy development in Tuvalu.”

On the subject of climate migration, PM Sopoaga welcomed the successful conclusion of the intergovernmental negotiation on the Global Compact on Migration and applaud the spirit of responsible leadership and multilateral cooperation to support the ever-increasing populations that are being affected by conflicts and environmental crisis including climate change. 

“We believe however, that all human rights of climate change displaced people should be protected under an international legal agreement.  We therefore reiterate the Tuvalu proposal for a UN Resolution on the establishment of a legal process to protect the human rights of people displaced by climate change.

PM Sopoaga said Tuvalu’s proposal is fully supported by the Polynesian Leaders Group, the Smaller Island States (SIS) Leaders and other Pacific Island Forum countries.

The Tuvalu PM also supported calls from Pacific Leaders to appoint a Special Representative of the UN Secretary General on climate change and security.

“The Special Representative will hopefully create the necessary catalyst for a UN wide response to climate change and security. We also call on the Security Council to appoint a special rapporteur to produce regular review of global, regional and national security threats caused by climate change, said PM Sopoaga.

SOURCE: PACNEWS

The small island nation of Tuvalu has appealed to the leader of the world’s most powerful nation, Donald Trump to rejoin the global climate change pact, the Paris Agreement.

The United States withdrew from the Paris Agreement in June last year but it has continued to participate in United Nations climate change meetings during the withdrawal process, which is expected to take effect in 2020.

“We appeal to this Noble House not to allow this to happen. Tuvalu, whose islands and lagoons were used by the American forces in the Second World War to conquer the enemy in the Pacific, urges President Trump and the USA to re-join the Paris Agreement, so we can all paddle together to save the world against our single most threatening enemy of climate change.

“Failing this, Tuvalu strongly proposes that we the signatories of the Paris Agreement must quickly return to Paris to critically and urgently re-assess our mitigation pledges and dramatically increase our efforts to reduce greenhouse gas pollution. We cannot allow one country to desert the process and derail our efforts, said PM Sopoaga.

He said for a small island nation like Tuvalu with a population of just over 11,000 – the current global warming trend spells a very bleak and miserable future – a future that demands huge investments on mitigation and adaptation that are simply beyond our capabilities

“The Paris Agreement offers us a lifeline. But the current commitments in the Paris Agreement constitutes only a third of what is needed to avoid catastrophic consequences of climate change. This is a direct threat to our existence and survival.

As already established based on the IPCC’s assessments, unless the global community steps up our actions to significantly lower GHG emissions, small island developing states (SIDS) like Tuvalu will disappear completely within the next 30-50 years .

He reiterated his claim that climate change is a weapon of mass destruction.

“It is slaughtering fellow human beings world-over. The UN cannot and must not allow the biggest Greenhouse gas (GHG) emitters to turn away from their moral duty to urgently reduce GHG emissions, and to save SIDS like Tuvalu with appropriate adaptation support. It will be shameful for the whole of humanity to ever allow Tuvalu disappear.

“Every single year wasted with no actions on climate change, draws Tuvalu a year closer to its total demise from earth. But Tuvalu will never give up, we will fight to protect and save our islands, our people, our culture, and our future, he told world leaders in his statement at the UN General Assembly in New York.

He urged State Parties to commit urgent actions to ensure the Implementation Guidelines for the Paris Agreement are concluded.

“We must also ensure that the Talanoa Dialogue process leads to a strong political declaration and decision that responds to the IPCC 1.5 degree Celsius report and sets a pathway for enhanced climate change action.”

For its part, Tuvalu is fully committed to shifting to 100% renewable energy by 2020 despite its negligent greenhouse gas emissions.

“I extend our deep appreciation to the Governments of India and France for their initiative on solar energy development, under the International Solar Alliance, and to the EU, NZ, Taiwan, Italy, Austria, Japan and the World Bank for their support on energy efficiency and solar energy development in Tuvalu.”

On the subject of climate migration, PM Sopoaga welcomed the successful conclusion of the intergovernmental negotiation on the Global Compact on Migration and applaud the spirit of responsible leadership and multilateral cooperation to support the ever-increasing populations that are being affected by conflicts and environmental crisis including climate change. 

“We believe however, that all human rights of climate change displaced people should be protected under an international legal agreement.  We therefore reiterate the Tuvalu proposal for a UN Resolution on the establishment of a legal process to protect the human rights of people displaced by climate change.

PM Sopoaga said Tuvalu’s proposal is fully supported by the Polynesian Leaders Group, the Smaller Island States (SIS) Leaders and other Pacific Island Forum countries.

The Tuvalu PM also supported calls from Pacific Leaders to appoint a Special Representative of the UN Secretary General on climate change and security.

“The Special Representative will hopefully create the necessary catalyst for a UN wide response to climate change and security. We also call on the Security Council to appoint a special rapporteur to produce regular review of global, regional and national security threats caused by climate change, said PM Sopoaga.

SOURCE: PACNEWS

Fiji PM sights damage to Pacific from Nuclear tests

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The Pacific region has suffered human and environmental consequences due to more than three hundred nuclear tests conducted since the end of the Second World War says Fiji’s Prime Minister Voreqe Bainimarama.

Addressing leaders at the High Level Plenary on Promotion of The International Day for Total Elimination of Nuclear Weapons at the UN, Bainimarama said Fiji has not only spoken against nuclear weapons, but has fully supported measures to ban them.

Bainimarama says the tests were conducted by powerful governments in the Pacific as they considered this corner of the globe to be a “safe” place for nuclear weapons tests.

“They knew of the destructive power of these weapons and the long lasting environmental contamination and health crisis they cause. That is why they didn’t conduct atmospheric testing closer to their own homes – they chose an area that they deem to be largely uninhibited.”

Bainimarama says as a result to date whole communities and cultures remain permanently displaced.

In 2015, the government set aside a $2.5million (US$1.1 million) compensation fund to assist the families and remaining members of the Fijian Military who served under British during nuclear testing in the Pacific.

“I say this not to cast blame or keep resentments burning more than fifty years after the tests. There is no room in this conversation for this bitterness and we all have learned a great deal since those tests. I say this simply to point out some human beings are still paying the price of that dark chapter in our history those many years ago.”

Bainimarama noted Fiji is signatory to the South Pacific Nuclear Free Zone Treaty and a number of other international agreements prohibiting the testing and presence of nuclear weapons in the Pacific.

SOURCE: FBC NEWS/PACNEWS

DeskBell Chain, a solution for hotels and tourism SMEs in PNG

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By PETER S. KINJAP
Amongst others, the blockchain technology can offer variety for the hotel and tourism industry. It can attract and stores data on decentralization node, thus creating trust in the data created for tourism marketing while provides an ease of trading exchange of currencies. It has the potential to enter the tourism medical insurance spheres and be an aid to content sales and marketing.

 Basically, blockchain is very much about moving values where it is currently popular in the banking and financial services but for tourism industry it is about handling and securing data in better ways. 

DeskBell Chain project is about handling somewhat legal information in the tourism sector. From a stand point of hotels, there is a need to provide legal guarantees for working with an intermediate like an online travel agent, where each seeks to protect its interests, rather than ensure transparency and openness of the business process.

The scenario below explains; Giluwe Hotel in Papua New Guinea enters an agreement with an online travel agent known as Wanol Travels, with a clause saying that for the next six months, room nights booked more than five days in advance will get a higher commission than those booked later. With today’s model, both parties would sign a contract. When the period ends, both might have run to reports to identify the total number of online bookings from Wanol Travels or they use some commission consolidation service to document it for them.

Although the process of calculating the commission takes time and effort, perhaps with a lawyer as a middlemen to rectify who also take his piece of the pie – the correct commission is eventually paid out.

What if all these were programmed into a smart contract? Well, many benefits; cost savings with removal of middlemen, time savings from cutting down business processes and the trust achieved from storing documents encrypted on a shared ledger.

DeskBell Chain is moving into this sphere, to provide the hotels a blockchain-enabled ecosystem. It allows the hotel business to develop flexible and open marketing tools.

It will also connect small medium tourism businesses (SMEs) with the tourists and guests from all-over to their point of service within a blockchain-enabled system.
The usage of geo-location technology will assist the SMEs in the remote sites with digital content creation, publishing, distribution and giving them the chance to participate in the bigger global tourism marketplace.
Researches have revealed that tourism accounts for 10% of global GDP and is crucial to driving any nation’s economy. A research published by Google Stat states that 74% of all leisure travel and 77% of all business travel is now planned on the internet. This indicates the future of travel and tourism is online.

Thus regardless of where tourism SMEs are located, they need to have online presence to succeed. For those who were on the internet, the payment process and the approach in which they sell their products and services to the potential tourists were not convincing and/or not functioning resulting in losing clients and making lost in business.

DeskBell project will help facilitate the connection between the tourists and the supplier and even facilitating the payment online for both in booking and purchasing of services and products.

In tourism, a blockchain-based marketplace can help fight against global travel scammers and bring a tourist dollar right down to the communities is a direct benefit not only to the local community but also to a nation for its economic prosperity.

Dubai is building a tourism marketplace on the blockchain platform to be launched in 2020. A travel agent in Malta, Bitcoin Adventures, accepts Bitcoin (crypto currency). A Japanese tourist was the first to travel with Bitcoin.

A Russian Tourism Official said blockchain will change the tourism industry in a huge way in about 5-10 years’ time.

Taiwan Airlines accepts Bitcoin seeing a ‘brighter future’ for tourism sector. Last year, Taiwan Central Bank supported regulating crypto currency. 

Latvia’s AirBaltic become the first airline in the world to accept Bitcoin in 2014. Later a growing number of airline companies accepting crypto currency in 2015, 2016, 2017 and 2018.

Germany Tourism Board accepts Bitcoin.

The tourism business owners, hotels, airlines, tourists/guests, the governments and the communities are all beneficiaries to this project. It will erase the fear of being scammed, fraudulent and faking and directly provides a peer-to-peer business transaction.

 It will bring back the confident and trust between the buyer and seller of the tourism products and services. It helps support the SMEs to grow and contributes to the GDP of any country’s economy.   

PNG Government’s move to strive for creating digital economy and financial inclusion for its mass rural population may opt for Deskbell Chain for its tourism industry. There are about 50,000 SMEs in PNG according to the Ministry of Commerce and Industry, 14% of which are in the tourism sector.

DeskBell Chain brings the solution for PNG tourism SMEs to equally participate in the global tourism market, a breakthrough with the blockchain technology. 

Read more on PNG Technology site >> PNG eHow

RSIPF makes massive cocaine seizure as part of an international organised crime investigation

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Officers from the Royal Solomon Islands Police Force (RSIPF) have successfully worked with Australian authorities on a joint investigation which has resulted in the seizure of suspected cocaine on a yacht in Honiara. Although forensic work is currently ongoing, it is assessed this is a large commercial shipment of cocaine of several hundred kilograms.
The joint investigation involved the RSIPF, the Australian Federal Police (AFP), Australian Criminal Intelligence Commission (ACIC), NSW Police Force (NSWPF) and Australian Border Force (ABF).
RSIPF officers boarded the Vieux Malin – a double-masted yacht– yesterday morning outside the Honiara marina after receiving information from Australian authorities.
The cocaine was concealed in a cavity behind a false wall panel in the interior of the yacht.
It will be alleged that the cocaine was loaded onto the yacht in South America and sailed to Honiara. The alleged organisers in Australia were making arrangements to bring the yacht to Australia just before it was searched by the RSIPF.
Australian authorities have been conducting their own concurrent operations in Australia and will make their own announcements tomorrow.
RSIPF Commissioner Matthew Varley said the seizure marked the end of a long-running investigation in Australia and Solomon Islands.
“This is the largest seizure of cocaine in Solomon Islands history, and I need to congratulate all of the RSIPF members who participated in this operation,” Commissioner Varley said.
“It will be alleged that the cocaine was destined for Australia, but it is important we send the message that the Solomon Islands will not be exploited by organised crime as a transit point for their evil trade.”
“A great deal of forensic work is currently underway, including gathering evidence that can be used in the courts. Australian Federal Police (AFP) forensic experts and investigators are working with RSIPF officers in Honiara to jointly process the crime scene.”
“The RSIPF equally pays tribute to the Australian Federal Police and other Australian and international law enforcement agencies who have worked together on this truly joint operation. This again demonstrates that international law enforcement cooperation is the key to dismantling and disrupting transnational crime syndicates targeting the Pacific.”
The RSIPF is further asking for anyone in Honiara who may have seen or met the crew of the vessel or have any knowledge of the vessel at all, to come forward with any information they may have by contacting the National Criminal Investigations Department (NCID) at Rove Headquarters.

US divers carry out inspection on sunken Air Niugini aircraft

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United States (US) Divers have completed an inspection inside the aircraft which landed short of Chuuk International Airport.

The divers have confirmed that all the passengers had safely evacuated the aircraft. This has been confirmed by other passengers that the unaccounted person had safely evacuated the aircraft and he was seen in one of the local dinghies that were assisting with transporting the passengers and crew to the shore.
Local authorities and the airline are continuing to investigate the location of the unaccounted passenger. Most of the passengers and all the crew have arrived in Port Moresby on this afternoon’s Air Niugini special flight and the airline is arranging their onwards travel.

 Two more of the passengers who had been in hospital have now been released, and the other four passengers are in stable condition.

 These four passengers are being transported to Guam for further treatment. The airline has confirmed it is assisting the passengers and crew now with accommodation and their other immediate needs, and will continue to provide assistance to them over the coming weeks. statment

US President Trump wishes PNG well in hosting APEC 2018

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United States President Donald Trump 🇺🇸 has told the Minister for Foreign Affairs of Papua New Guinea, Hon. Rimbink Pato, 🇵🇬 how fantastic an event APEC in November was for PNG.

At a reception held in New York City, President Trump said he wishes PNG all the best in hosting this major Event.

President Trump said he will be well represented at the APEC Leaders' Summit in November in Port Moresby by Vice President Mike Pence.

Both Vice President Pence and his wife expressed to Minister Pato that they were both really looking forward to being in PNG for the APEC meeting.

Vice President Pence, when he was Governor of Indiana, was closely involved in arranging a gift to PNG of a precious 400-year-old Bible.

The Bible is now in a place of honour in the PNG Parliament.

U.S., Japan and Australia challenge Huawei’s internet cable offer to Papua New Guinea

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The United States, Japan and Australia are cooperating on a domestic internet cable proposal for Papua New Guinea as an alternative to an offer by Huawei, the Chinese telecommunications giant that the United States regards as a cybersecurity threat, a U.S. diplomat said Friday.

The Australian government blocked Huawei in August from rolling out Australia’s 5G network due to security issues and has concerns about the company’s involvement in the telecommunication infrastructure of its nearest neighbor, Papua New Guinea.

The U.S. charge d’affaires to Australia, James Carouso, said the three Pacific defense allies were negotiating with the impoverished South Pacific island nation of 8 million people, mostly subsistence farmers, on its internet contract.

“We’re working on a counter offer,” Carouso told Australian Broadcasting Corp. “These are negotiations that are going on. Absolutely up to the PNG government at the end of the day.”

Papua New Guinea minister Justin Tkatchenko said his government was willing to work with Australia on the internet network if it offered a better deal than Huawei, The Australian newspaper reported Friday.

“I know Australia is against Huawei in many situations, thinking they are going to spy on everybody and take all their information,” Tkatchenko told the newspaper. “But we will work with Australia, with China, with Huawei, in that regard to get the best possible outcome for our people and for communications domestically as well.”

Australia proposed the funding for the 5,457-km (3,391-mile) internet network that will provide undersea cabling to connect 14 provincial centers as the first investment of a new trilateral infrastructure fund established this year to counter growing Chinese influence in the Indo-Pacific region, the newspaper said.

The Huawei option would involve a US$198 million loan from China’s Eximbank, the newspaper said.

Australia agreed in June to pay most of the US$101 million price tag for an undersea internet cable from a Sydney broadband hub to Papua New Guinea and the Solomon Islands. The new Papua New Guinea domestic network would link into that cable.

Australia stepped into that project after the Solomons’ government signed a contract with Huawei in 2017 to build the cable. The Solomons consequently scrapped the Huawei deal.

Several governments have been scrutinising Huawei over its links to the Chinese government. The private Chinese company started by a former People’s Liberation Army major in 1987 suffered a setback in the U.S. market in 2012 when a congressional report said it was a security risk and warned phone companies not to buy its equipment.

Shenzhen-based Huawei, the world’s largest telecommunications equipment supplier, had also been banned from bidding for contracts for Australia’s broadband network in 2011.

The U.S. House Intelligence Committee previously found that Huawei was tied to the Chinese government and had failed to provide responsive and detailed answers about that relationship and about its U.S. operations.

Huawei denied being financed to undertake research and development for the Chinese military, but the committee said it had received internal Huawei documents showing the company provided special network services to an entity alleged to be an elite cyberwarfare unit within the People’s Liberation Army......PACNEWS

SOURCE: AP/PACNEWS

Body of unaccounted passenger on Air Niugini Aircraft found by US divers

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Air Niugini has just released the following media release. 1/10/2018

PRESS STATEMENT

It is with deep sadness I confirm that the body of a male passenger was discovered by US divers today as they conducted a further search of P2-PXE and the surrounding area in the Chuuk Lagoon.

This is the unaccounted passenger from the aircraft. Our outreach team is in touch with the man’s family and we are making arrangements to repatriate his body.

The circumstances surrounding this accident are now a matter for relevant authorities as they begin their task of investigating the events that led to the incident and the actions which followed. We are committing all required resources to ascertain the factors that led to this accident.

We express our deepest sympathy to his family. We are and will continue to provide support to his family in this time of loss.

Ends…//

Tahawar Durrani
Chief Executive Officer
Air Niugini Limited

World 'nowhere near on track' to avoid warming beyond 1.5C target

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The world’s governments are “nowhere near on track” to meet their commitment to avoid global warming of more than 1.5C above the pre-industrial period, according to an author of a key UN report that will outline the dangers of breaching this limit.

A massive, immediate transformation in the way the world’s population generates energy, uses transportation and grows food will be required to limit the global temperature rise to 1.5C and the forthcoming analysis is set to lay bare how remote this possibility is.

“It’s extraordinarily challenging to get to the 1.5C target and we are nowhere near on track to doing that,” said Drew Shindell, a Duke University climate scientist and a co-author of the Intergovernmental Panel on Climate Change report, which will be unveiled in South Korea this month.

“While it’s technically possible, it’s extremely improbable, absent a real sea change in the way we evaluate risk. We are nowhere near that.”

In the 2015 Paris climate pact, international leaders agreed to curb the global temperature rise to 2C above the era prior to mass industrialization, with an aspiration to limit this to 1.5C. The world has already warmed by around 1C over the past century, fueling sea level rises, heatwaves, storms and the decline of vulnerable ecosystems such as coral reefs.

Shindell would not share exact details of the IPCC report, but he said that the more ambitious 1.5C goal would require a precipitous drop in greenhouse emissions triggered by a rapid phaseout of fossil fuels, particularly coal, mass deployment of solar and wind energy and the eradication of emissions from cars, trucks and airplanes.

Even then, emerging technology will be required on a global scale to capture emissions at the source and bury them in the ground or remove carbon directly from the air.

“The penetration rate of new technology historically takes a long time,” Shindell said. “It’s not simple to change these things. There aren’t good examples in history of such rapid, far-reaching transitions.”

The fading prospect of keeping the global temperature rise to below 1.5C has provoked alarm among leaders of low-lying island nations that risk being inundated should the world warm beyond this point.

“Every country must increase the ambition of their existing targets,” said Hilda Heine, president of the Marshall Islands, which announced a plan to reach net zero emissions by 2050 at the UN general assembly in New York last week. “If we can do it, so can everyone else.”

The UN general assembly has again pitted the world’s countries against Donald Trump when it comes to climate change, with the US president using his keynote speech to praise “clean coal”. Trump has vowed to exit the Paris accord, a stance that Emmanuel Macron, the French president, told the UN should be met with consequences such as a refusal by countries to enter into trade deals with the US.

“It’s a lot more difficult without the US as a leader in climate change negotiations,” Ola Elvestuen, Norway’s environment minister, told the Guardian. “We have to find solutions even though the US isn’t there.”

Elvestuen said countries, including Norway, which is one of the world’s largest oil and gas producers, need to transition away from fossil fuels, embrace electric cars and halt deforestation.

He admitted these changes had not happened quickly enough since the Paris deal. Last year, global greenhouse gas emissions rose slightly again after a short period of stasis.

“We are moving way too slowly,” Elvestuen said. “We have to do more of everything, faster. We need to deliver on policies at every level. Governments normally move slowly but we don’t have the time.”

“The 1.5C target is difficult, but it’s possible. The next four to 12 years are crucial ones, where we will set the path to how the world will develop in the decades ahead. The responsibility in doing this is impossible to overestimate. To reach the goals of the Paris agreement we need large structural changes.”

A difference of 0.5C in temperature may appear small but the IPCC report, which is a summary of leading climate science, is expected to warn there will be major impacts if warming reaches 2C.

“Even 1.5C is no picnic, really,” said Dr Tabea Lissner, head of adaptation and vulnerability at Climate Analytics.

Lissner said a world beyond 1.5C warming meant the Arctic would be ice-free in summer, around half of land-based creatures would be severely affected and deadly heatwaves would become far more common. “0.5C makes quite a big difference,” she said.

SOURCE: THE GUARDIAN/PACNEWS

Papua New Guinea PM O’Neill looks for lasting policy legacy from APEC

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It is the policies that have been developed in these meetings which liberalise trade between our countries. Despite the rhetoric that is going on about protecting one’s country, global trade will continue to develop and adjust.

That is why it is important for Papua New Guinea to participate in these kind of meetings, where the focus for us is to try to engage with the CEO Summit—where you will see all the representatives from the leading banks and financial institutions being there.

All the big investment funds will be there. This is a great opportunity to showcase Papua New Guinea as a destination for investment. Many of them will be coming to Papua New Guinea for the first time.

Some of them have never heard of the country; they think we are in Africa somewhere. But we are a large emerging economy in the Pacific.

Wilkins: What are the strengths and challenges in PNG’s economy?

O’Neill: Over the last six or seven years, we have almost doubled our GDP. I have absolutely no doubt that over the next 10 years we will double it again. I don’t think many countries around the world will achieve that.

The challenge for Papua New Guinea is trying to make sure our people migrate from where they are to middle class—and beyond. So they have the right skills, the right opportunities and a better standard of living.

That is a challenge for us and we can only do that by investing in education. That is one of our top priorities.

Wilkins: What lessons have you learned from your time in business and how has that informed your government’s policies since you came into power? What do you think still needs to be done?

O’Neill: Coming from a business background and going into government is a huge shock. I can guarantee you that. The way they do business in government is not what (business people) would aspire to.

But we have tried to change that mentality. This will be my 20th year in Parliament. It has given me the opportunity to get our bureaucracy to try and rethink the way they do business, reducing red tape and making sure that things are attended to in a timely manner.

More importantly, from my experience of business, it is about living within your means. Governments tend to live beyond their means. That has always been the issue managing government resources.

On the back of very depressed and challenging times, we have been able to double the size of our economy and we are continuing to maintain growth. So I think the future of Papua New Guinea is very bright.

We have to maintain stability of policy and stability in politics—make sure there are no social issues that will get out of hand. That is a challenge for any government.

SOURCE: BUSINESS ADVANTAGE PNG/PACNEWS




East Asia and Pacific growth remains resilient despite heightened global uncertainty, World Bank says

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Despite a less favourable external environment, the growth outlook for developing East Asia and Pacific (EAP) remains positive, according to the latest World Bank economic report on the region.

Growth in developing EAP is expected to be 6.3 percent in 2018, lower than in 2017 due to the continued moderation in China’s growth as its economy continues to rebalance.

Navigating Uncertainty, the October 2018 edition of the World Bank East Asia and Pacific Economic Update released here today, underscores however that in recent months a combination of trade tensions, higher US interest rates, a stronger US dollar, and financial market volatility in many emerging economies has increased the uncertainty around the region’s growth outlook. At the same time, inflation has begun to rise across the region, particularly in Myanmar, the Philippines, and Vietnam.

“Robust growth has been and will continue to be the key to reducing poverty and vulnerability in the region,” said Victoria Kwakwa, World Bank Vice President for East Asia and the Pacific. “Protectionism and turbulence in financial markets can hurt the prospects for medium-term growth, with the most adverse consequences for the poorest and most vulnerable. This is a time for policy makers across the region to remain vigilant and proactively enhance their countries’ preparedness and resilience.” 

China is expected to slow moderately to 6.5 percent in 2018, after growing faster than anticipated in 2017. Growth in developing EAP, excluding China, is expected to remain stable at 5.3 percent from 2018 to 2020, driven primarily by domestic demand. In Thailand and Vietnam, growth is expected to be robust in 2018 before slowing in 2019 and 2020 as stronger domestic demand only partially offsets the moderation in net export growth. Indonesia’s growth should be stable, thanks to improved prospects for investment and private consumption. Growth in 2018 in the Philippines will likely slow, but the expected expansion of public investment will boost growth over the medium term. In Malaysia growth is expected to ease, as export growth slows, and public investment is lower following the cancelation of two major infrastructure projects.

In EAP’s smaller economies, growth prospects remain robust, averaging over 6 percent annually in Cambodia, Laos PDR, Mongolia and Myanmar between 2018 and 2020. Growth is expected to resume in Timor-Leste following the resolution of a political impasse, while in Papua New Guinea it is expected to rebound in 2019, following the large earthquake earlier this year. Growth in the Pacific Island countries is expected to remain relatively stable, although highly vulnerable to natural disaster shocks.

“The regional and global integration of most economies in the region intensifies their vulnerability to external shocks. The main risks to continued robust growth include an escalation in protectionism, heightened financial market turbulence, and their interaction with domestic fiscal and financial vulnerabilities,” said Sudhir Shetty, World Bank Chief Economist for the East Asia and Pacific region. “In this context of rising risks, developing EAP economies need to utilize the full range of available macroeconomic, prudential, and structural policies to smooth external shocks and raise potential growth rates,” he added.

The reports points to a four-pronged approach for countries in developing East Asia to address these emerging risks:

*Reduce short-term vulnerabilities and build policy buffers. Pursuing proactive macroprudential policies can help address financial sector vulnerabilities, reduce capital market volatility, and manage exposure to exchange rate movements. Greater exchange rate flexibility can help absorb and adapt to external shocks. Tighter fiscal policies can help preserve or rebuild buffers to cope with a future downturn, without threatening debt sustainability.

*Redouble commitment to an open, rules-based international trade and investment system, including through deeper regional economic integration. Regional economies could gain by deepening existing preferential trade agreements and lowering non-tariff barriers. A further escalation of trade tensions could be avoided by turning to bilateral negotiations or the World Trade Organization.

*Deepen structural reforms, including liberalizing key sectors, improving the business climate, and boosting competitiveness. Leveling the playing field between SMEs and large firms, and between foreign and domestic firms, could also help reduce resource misallocation and create jobs.

*Strengthen economic security and promote economic mobility though programs such as targeted cash transfers, fiscally-sustainable social insurance systems, better access to prenatal and early childhood development, and more resources to schools in geographically-disadvantaged areas so as to reduce gaps in access and quality of education.

For the Pacific island countries, the report stresses the need to focus on maintaining fiscal and debt sustainability while continuing to strengthen their resilience to natural disasters. Continued efforts to strengthen debt policies and debt management, improve natural resource management, and boost the quality of spending will be crucial to improve debt sustainability. Minimizing the effects of future natural disasters will require building fiscal buffers, improving crisis preparedness, management, and mitigation, and expanding targeted social protection mechanisms..

SOURCE: WORLD BANK/PACNEWS

Unity Fiji Party proposes $4 national minimum wage

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New political party Unity Fiji is rolling out its campaign and among its policies is the proposal for a fair wage.

Party Leader and former Reserve Bank Governor, Savenaca Narube says revising the national minimum wage upwards for unskilled workers will be one of their key actions if they form the next government.

“You don’t want to put that number to high because that will destroy employment, too low, that is not fair wages, so what benchmark to use, we have looked at the various alternative benchmarks that may be available, we think it’s the poverty line, it’s the best and if you look at the poverty line, we estimate it to be $4 (US$2) an hour.”

Meanwhile, the current national minimum wage is $2.68 (US$1.25) an hour for unskilled workers.


SOURCE: FBC NEWS/PACNEWS

PNG Kumuls Coach Marum announces team for match against Australia PMs III

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Papua New Guinea Kumuls Coach Michael Marum has named the country's top rugby league stars to taking on the Australian Kangaroos PM IIIs in Port Moresby on 6th October, 2018. The match will by played live at the National Football Stadium and a full capacity crowd is expected to watch the match.

The  match also provides a golden opportunity for PNG Kumuls three debutants and fellow team mates to prove themselves for selections in preparation for the two Test matches against the visiting England Knights later in the year.

Catalon Dragons fullback, David Mead is the captain while Cronulla Sharks hooker, James Segeyaro is his deputy.

The team

The PNG PM’s XIII starting line-up: David Mead (captain-fullback) Edene Gabbie (wing), Justin Olam (center), Nene MacDonald (center), Daniel Russell (wing), Lachlan Lam (five-eighth), Watson Boas (halfback), Moses Meninga (prop), James Segeyaro (vice captain-hooker) Stanton Albert (prop), Rhyse Martin (second row), Nixon Putt (second row), Wellington Albert (lock). Interchange: Tom Butterfield, Enoch Maki, Kyle Laybutt, Willie Minoga, Rhadley Brawa.

‘Adventures in New Guinea’ lecture to feature in NZ

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A UNIVERSITY professor with close links to Papua New Guinea will address an inaugural lecture in New Zealand next week about his field work in archeology here spanning more than 30 years.

The Friends of the Otago Museum have sponsored the inaugural H D Skinner memorial lecture next Thursday, October 11, as part of the museum’s 150th anniversary celebrations.

The lecture, “Adventures in New Guinea” by Professor Glenn Summerhayes, will explore the island of New Guinea’s role in the area’s two great migrations: the first footsteps of modern humans some 50,000 years ago, and the much later colonisation of the western Pacific by the Austronesian-speaking peoples we call Lapita.

Attention will also be paid to the social dimensions of Lapita pottery – which includes highly decorated wares – exploring their production, distribution and use, and, following in H D Skinner’s footsteps, how a similar approach can be used on Otago Museum’s Pacific collections.

Prof Summerhayes at the University of Otago is a leading expert in Pacific archaeology, with particular focus on the prehistory of PNG. He has more than 35 years’ research experience working in PNG, focusing on all aspects of its archaeology from first colonisation, Holocene adaptation, the Lapita phenomenon and the development of societies seen at contact.

A frequent visitor to PNG, he is affiliated with both the University of Papua New Guinea and the National Museum and Art Gallery. In 2014, he was awarded a New Year Honour by the Queen, becoming an Officer of the Order of Logohu (OL) for his contribution to archaeology in PNG.

H D Skinner was the director of Otago Museum from 1937 to 1953, and was influential in building the substantial collections that the museum still benefits from today.

Statement

China President to open new Institution in PNG

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China's President Xi Jinping is expected to open the new Butuka Academy in Port Moresby, Papua New Guinea  prior to the APEC Leaders' Summit in November.

It will be named the Tenzen Institution and will accommodate over 3000 students from elementary to secondary levels.

Education Minister Nick Kuman said during his visit to the facility this week that he was impressed with the work so far.

The 70-Million-Kina building is funded by Shenzen city in China under an aid agreement project between the city and the National Capital District.

The new facility comprises of 10 elementary, 26 primary and 16 secondary classrooms with a multi- function hall, sports facility and 12 teachers apartments.

It will be opened on the 17th of November.

NBC News/ PNG Today

Duma urges Papua New Guineans to be patient with Air Niugini investigations

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Papua New Guinea Minister for State Owned Enterprises and Investments, William Duma has urged the people of PNG to be patient and allow skilled investigators to complete their investigation into the Boeing 737-800 aircraft accident at Chuuk International airport last Friday.

Inspectors from PNG Accident Investigation Commission, the Federated State of Micronesia, N-T-S-B from the United States and Boeing as the aircraft manufacturer are conducting the investigation.

Minister Duma said in statement today that preliminary and final reports of investigations like this can take months and sometimes over a year to complete.

He said like in all accident investigations, there will be lessons that Air Niugini will learn from.

Air Niugini has enjoyed a good reputation for safe operations over many years, and Minister Duma said despite the challenges of the Chuuk accident, the airline is confident that it will continue to deliver safe services.

NBC News/ PNG Today

Rugby League dignitaries in PNG to attend PM XIII match between PNG and Australia

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Heads of Rugby League International Federation (RLIF), Australian Rugby League Commission (ARLC) and Queensland Rugby League (QRL) will be in Port Moresby for the annual Prime Minister’s International match on Saturday.

PNGRFL Chairman Sandis Tsaka said Australian Rugby League Commission Chairman Peter Beattie and QRL Chairman Bruce Hatcher arrive in Port Moresby tomorrow.

“We will be meeting with the ARLC chairman later in the day to discuss issues of mutual interest on the game for both countries,” Tsaka said.
He said RLIF CEO Nigel Woods and Asia Pacific Confederation General Manager Jeremy Edwards will be in the country on Friday. “We will be discussing among other things the calendar for more international matches for our National teams including the Kumuls,” Tsaka said.

He said the visits by these dignitaries to PNG shows the respect and values PNGRFL has in the world. “On behalf of the PNGRFL, our partners and the extended rugby league family in the country, I welcome them to PNG and to the Prime Ministers X111 International matches,” Tsaka said.

US Guided-Missile destroyer USS Michael Murphy arrives in Port Moresby, PNG

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THE guided-missile destroyer USS Michael Murphy (DDG 112) arrived in Port Moresby on Saturday

As the first US Navy ship to visit Port Moresby since USS Comstock (LSD 45) in 2017, Michael Murphy arrived as the nation prepares to host the Asia-Pacific Economic Cooperation (APEC) leaders’ summit for the first time in November.

Port visits like this strengthen the US Navy’s relationship with the maritime forces of Papua New Guinea.

This visit follows the recent visits of Admiral Philip Davidson, Commander of the Indo Pacific Command, Deputy Indo-Pacific Commander Bryan Fenton, Under Secretary of the Navy Thomas Modly and Deputy Assistance Secretary of Defence Dr Joseph Felter to Port Moresby to meet with senior military and civilian officials and discuss shared security issues.

While in port, the crew will conduct maritime cross-learning exercises, attend the PM’s XIII rugby league match, participate in a “friendly” match of football and rugby, participate in religious services at Murray Barracks and give the ship’s crew an opportunity to learn more about PNG.

“We’re adding an experience for our crew that allows us to reinforce partnerships in Papua New Guinea,” said Cmdr Kevin Louis, commanding officer of Michael Murphy.

“We’re excited to visit Papua New Guinea and look forward to being ambassadors for our ship, the Navy and our country.”

Several USS Michael Murphy sailors took the opportunity to learn about Port Moresby’s historic role in World War II. The Port Moresby airfield was a strategically important airfield in the Pacific. A plot to capture the airfield culminated in the first naval battle between aircraft carriers, the Battle of the Coral Sea.

USS Michael Murphy is forward deployed to the US 7th Fleet area of operations in support of security and stability in the Indo-Pacific region.

In September, USS Michael Murphy’s crew participated in exercise Kakadu, the Royal Australian Navy’s premier exercise where regional nations conduct multinational maritime humanitarian assistance, search and rescue operations and high-end maritime warfare scenarios.

The US 7th Fleet is the largest of forward-deployed U.S. Fleets, with approximately 50 ships, 120 aircraft and 20,000 sailors and marines assigned at any given time. For more information, visit the US 7th Fleet Web site at www.c7f.navy.mil.

PNG Lawyers receive Training in Commercial Law

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Access to commercial law expertise in Papua New Guinea is set to improve after close to 80 aspiring lawyers received training in modern commercial litigation practise from a team of judges and lawyers recently.

Seventy-eight students, including 34 women, from the Legal Training Institute (LTI) were given instruction in key areas of commercial law during the four-day workshop, including how to apply for court injunctions and how to prepare for trial and mediate on commercial law cases.

The workshop was developed and led by a team of 11 judges and lawyers from the Queensland Bar Association in consultation with LTI staff.

This is the sixth workshop of its kind after its initiation by Chief Justice Sir Salamo Injia and Justice Logan in 2013, to help meet PNG’s rapidly growing need for skilled commercial lawyers.

Speaking at the workshop’s closing, the Chief Justice encouraged the students to consider practising commercial law, and praised Justice Logan and the Queensland Bar team for volunteering their time and expertise.
Similar sentiments were shared by Queensland Counsel, Mal Varitimos who said he saw “great potential” in those attending the workshop, and urged them to seize the opportunity to “make a positive contribution to the administration of justice, the Rule of Law and the people of Papua New Guinea”.

He further said that about 600 PNG law students had received instruction in commercial law advocacy since the workshop’s inception five years ago– more than half the number of lawyers currently certified for practise in PNG.

Representing the Australian High Commission, Law and Justice Counsellor, Gina Wilson said it was particularly pleasing that an increasing number of women were embarking on a career in law.

Sharon Peri was one of the students who successfully completed the course, and found the practical nature of the sessions to be very useful, complementing other training she received at the LTI.

The workshop was supported by the Australian Government through the Justice Services and Stability for Development Program.



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