Loan

Govt in talks to secure US$100m loan

Acting Prime Minister and Treasurer Charles Abel, accompanied by some Ministers and government officials, met with World Bank officials on Wednesday in Port Moresby to discuss a way forward.

Treasurer Abel explained that the funding will not be for any specific program but to support the 2018 Budget.

He added that the Government will also be working alongside other agencies like the IMF for a short and longer term support through the Budget.

Court puts security company boss on good behaviour bond

Justice Ellenas Batari this morning sentenced James Yaleme to three years in prison however he had that sentence fully suspended with conditions imposed by the court.

Yaleme was found guilty by the court on September 10 of obtaining K15, 000 under false pretence from a man known as Jackson Andiki between June and July 2013.

A cheque of K30,000 was drawn up by Yaleme to the complainant however that cheque was rejected by the bank while Yaleme went into hiding.

Six months later the complainant (Andiki) held up a security vehicle owned by Yaleme to get his money back.