Deputy Prime Minister

Govt yet to ID right landowner group

Deputy Prime Minister and Treasurer, Charles Abel, said this recently when asked for an update on the payment issue.

More than two Koiari landowner groups have popped up in recent years, creating complications when it comes to the disbursement of royalties or land vetting and mobilisation funds.

The most recent issue encountered was when a large group of locals shut off water valves at the hydrostations on the 22nd of March, demanding K10 million in payment.

GDP to grow by 4pc: Treasurer

Deputy Prime Minister, Charles Abel, said this during the 3rd Petroleum and Energy Summit.

He said there were further encouraging signs with a modest but steady decline in inflation, which is expected to be around 5.4 percent.

The Deputy Prime Minister said Treasury will soon release the final Budget outcome for 2018 and there are some positive signs.

“I’m very pleased to report that after some difficulties were now seeing a welcome rebound in the economy and for your part, I want to thank you as investors in our country,” Abel said.

DPM on three-day Lae visit

The DPM and Governor were joined by the Members for Lae Open, John Rosso, and Finschhafen Open, Rainbow Paita, as they spent the day visiting a number of significant private sector investments.

Opening the latest K20 million upgrade to the Coca-Cola plant, the Deputy Prime Minister said: “It is encouraging to see our policy changes, including tariff adjustments, have given the private sector confidence to be making substantial investments like this.”

Moni Plus officially opens Alotau Branch

The ceremony was officiated by the Deputy Prime Minister, Charles Abel, and founding Director of Moni Plus, Bernard Chan.

Alotau signifies the fifth branch opening for Moni Plus in 2018, with other branches recently opened in Downtown Port Moresby, Lae, Mt Hagen and Kokopo this year.

Managing Director Gajanan Barve said he is very proud to bring the fast, quick and easy service that Moni Plus has become renowned for, to the people of Milne Bay Province.

DPM attends World Bank AGM

These meetings are held outside of Washington once every three years.

The DPM attended roundtable of early adopters of the Human Capital Project as one of 27 countries.

He expressed PNG’s condolences to Indonesia for the recent tsumami disaster.

Abel also spoke of the cross cutting issue of rapid population growth and its impacts on maternal and child health and macro pressures on government financing and the environment in developing countries.

Review approach to PNG

Deputy Prime Minister, Charles Abel, said this at the Lowy Institute in Sydney Australia, during his weeklong visit to the country.

During his visit Abel had several engagements which included visiting Youth With A Mission (YWAM) Medical Ship Annual Breakfast by the Bay Fundraiser in Queensland, addressing the Australia –PNG Business Council, and holding high level meetings in Canberra.

Speaking at the Lowy Institute, Charles Abel, called on PPNGs traditional partners to review their current relationship with.

Govt owes companies over K290m

This was revealed to Treasurer and Deputy Prime Minister, Charles Abel, during a meeting with the Port Moresby Chamber of Commerce and Industry (POMCCI).

The POMCCI presented to the Government the long list of outstanding debts owed to its 16 members, from over 320 current members.

Abel, along with Internal Revenue Commission Commissioner, Betty Palaso, and Deputy Commissioner Dr Alois Daton, met with POMCCI President, Rio Fiocco, CEO Dave Conn and CPL Managing Director, Mahesh Patel.

ITC review update

Deputy Prime Minister, Charles Abel, said the review will be held after the National Planning Consultative Summit in Lae.

He said the aim of the review will be identify loopholes in the implementation of the ITC schemes.

A review of the ITC is one of the recommendations in the PNG Extractive Industry Transparency initiative (EITI) 201 Report.

Prime Minister, Peter O’Neill, announced the temporary stop to the ITC early this year.

Justify your existence, public servants told

This was the challenge issued by Deputy Prime Minister, Charles Abel, during the public service dedication service yesterday.

Promoting honesty and faithfulness in public service was the theme for the mass, which was hosted by the Department for Community Development, Youth and Religion at the Sir John Guise indoor complex.

Abel highlighted mostly challenges the public servants will have to put up with in regards to major events that the country will be hosting, like the 2018 APEC Leaders’ Summit.

Tariffs not revenue generating measure: Abel

Responding to the Opposition’s media statement early this week, Deputy Prime Minister and Treasurer, Charles Abel, says he believes the tariffs introduced will not have a huge impact on prices, while the long term goal is boost the local industry.

In statement released on Monday, the Shadow Treasury and Finance Minister, Ian Ling-Stuckey, said PNG families will be facing much higher prices in 2018 because of poor Government policies.