National Executive Council

New agriculture SOE gets NEC approval

The newly endorsed Kumul Agriculture Limited (KAL) will operate as a wholly owned subsidiary of Kumul Consolidated Holdings (KCH).

Minister for Public Enterprises and State Investments, William Duma, says KCH will transfer all legal titles of agricultural assets, whether held directly or indirectly, to KAL.

Kumul Agriculture board announced

Minister for Public Enterprises and State Investments, William Duma, congratulated the appointees, expressing his confidence in the team’s role in facilitating the establishment process of KAL.

“We are confident in the consolidation of all State owned agricultural assets as the move will be of greater benefit to our sovereign State. The Board of Directors will use their extensive knowledge and experience to drive this entity forward in achieving its purpose,” Minister Duma said.

NEC to discuss APEC public holidays

Asia-Pacific Economic Cooperation (APEC) Chief Executive Officer, Christopher Hawkins, when updating Port Moresby Business houses, made these remarks recently.

Amongst the hectic schedule of the Summit, there will be several periods in November where movement will be restricted due to high level security movements of leaders and delegations while the 21 economy leaders are attending the APEC Leaders’ Summit.

The days of high activity are from the 15th to 18th November, with 15th and 16th November being considered as public holidays. 

NEC approves draft gas policy white paper

The Draft policy will guide the development and management of the country’s growing oil and gas industry to be competitive in the world market while at the same time derive more benefits at the domestic sector.

In a statement Petroleum Minister, Fabian Pok, said developments in the gas portfolio have created many challenges on how to manage them.

Suspended Parlt clerk reinstated

Speaker of the National Parliament, Job Pomat, officially welcomed Konivoro today.

Konivoro was suspended by NEC on the 14 of August 2014 and referred to the Chief Justice to appoint Rights Tribunal.

Chief Justice Sir Salamo Injia appointed the Tribunal consisting of three judges in Derek Hartshorn, Sir Kina Bona and late Justice Martin Ipang.

The tribunal found the Clerk guilty on 3 counts of misbehaviour and recommended to NEC to remove him as a Constitutional Office Holder.

NEC asked to review life insurance legislation

Bank of PNG Assistant Governor, Ellison Pidik, said the review is to ensure the policies are up-to-date so that the sectors are regulated properly.

He said under the Financial Services Sector Review, a recommendation has been sent to the NEC, through Treasury, for the establishment of a task force to conduct the review.

The review would look at the potential stumbling blocks, potential difficulties as well as provisions in the act that can be amended.

“The review will be for both life insurance and superannuation, as they both go hand in hand,” said Pidik

Talasea MP hails Liliura’s appointment

He also praised the National Executive Council for making the right choice by appointing Liliura to this very important position.

“I’d like to commend the Minister responsible for the ministry for having the confidence in Mr Liliura and appointing him to this senior position within the department,” he said.

Maneke said Small and Medium Enterprises in the country need a leader who will lead them and support them in investing in their small businesses and the appointment of Mr Liliura is a step in the right direction.

Judiciary dissatisfied with progress of bill

This Bill will see the Court of Appeals come between the National and Supreme Court. The third and final reading of the Bill was supposed to have gone through in the last sitting of Parliament, however, that was not done.  It remains on parliament’s list of unfinished business.

“I’m not particularly happy with the way the passage of that constitution amendment has taken place in the last term of parliament and I’m hopeful the third reading will take place in the current term of parliament,” Sir Salamo said.

Gas-powered project to be constructed

The announcement was made by Minister for Public Enterprises and State Investments, William Duma, on Friday (Nov 10) during the ground-breaking ceremony of the Kilakila substation in Port Moresby.

He said the project will be constructed by an independent power producer (IPP), NiuPower Limited, a joint venture company owned by Oil Search Ltd and Kumul Petroleum Holdings Ltd.

“The electricity will be sold to PNG Power Ltd (PPL) under a power purchase agreement between PPL and NiuPower.”

ESP leaders angered by rejection

This has angered East Sepik Governor Allan Bird and 22 other leaders in the province, who had voted unanimously for Dr Malau to take up the provincial administrator’s post.

Speaking to the media on Friday, Governor Bird said his administration had gone through the correct process to nominate Dr Malau.

“I believe the members of the NEC were misled, the first thing they were told is that candidate we chose was not a Papua New Guinean citizen,” says the Governor.