Bank charges are excessive, says Nawaeb MP

Member for Nawae, Gisuat Siniwin asked if the Department of Treasury could intervene to help small businesses and individuals who pay different fees for all transactions conducted through the commercial banks.

This includes a K7 deposit fee, cheque clearance fees, account maintaining fees, ATM withdrawal fees,  etc.

He said this is hurting ordinary citizens and called on the department to look into this.

Treasury Minister Patrick Pruatich said commercial banks were private profit oriented entities with the aim to make profit at the end of the day.

Government to fulfill commitments by end of December

When responding to Grand Chief Sir Michael Somare’s questions on the provincial quarterly grants, Pruaitch said the Government will still give the funding to the provinces.

Pruaitch said given the cash flow problem the country is facing, the revenue coming into the Government coffers are a concern.

“Therefore, we have taken measures to control the spending and the release of funds to the provinces,” he said.

“The Government is working to ensure that the commitments made in 2016 Budget will be fully funded before the end of December.”

Parliament passed Cybercrime Code Bill

The Bill is a significant piece of legislation designed to deal with crimes and offences committed against individuals, the public, government agencies or corporate entities through the use of information and communication technologies (ICT).

Introducing the bill for the third reading today before it being passed, Communication Minister Jimmy Miringtoro said the Government is mindful that the use of ICTs inevitably introduces correlative security concerns for individuals, businesses, and the public sector that need to be addressed.

PNG Professionals challenge Naru to arrest them

Spokesman Captain James Markop in a statement sent to Loop from China said it is with dismay that Naru had used or abused Parliamentary privilege by labeling concerned professional Papua New Guineans as domestic terrorists on the floor of parliament.

“We the citizens of Papua New Guinea have given you a mandate for 5 years to represent us, not yourselves in parliament.

Too early for a supplementary budget, says O'Neill

"The country's economy is very strong and the Government will continue to monitor the challengers and make adjustments if necessary but it is too early to call for a minor (supplementary) budget.

O’Neill said the national government when formulating this year budget last year, did frame it against the drop of commodity prices.

Peter O’Neill remains Prime Minister of PNG

After a battle of words from both sides of the House the Speaker Theo Zurenuoc called for the vote to be taken.

The Opposition argued that the Speaker did not give them the chance to debate on the issues but moved quickly to vote for the motion.

O’Neill now remains the Prime minister until the 2017 National elections.

Parliament has been adjourned to August 9.

More to come...

Parliament to resume this Friday

This is in compliance with the Order of the Supreme Court of Justice (SCC[OS]) No. 3 of 2016 dated July 12.

The Supreme Court ordered the speaker to recall parliament within 5 days, including today, to have the motion of no-confidence introduced, debate and voted on as a matter of national importance and urgency.

An order was also made to the clerk of parliament to place the notice of motion of no-confidence against the Prime Minister as the first item of business of parliament on the first day of sitting.

Court: Recall parliament within 5 days

An order was also made to the clerk of parliament to place the notice of motion of no-confidence against the Prime Minister as the first item of business of parliament on the first day of sitting.

In a unanimous decision, Chief Justice Sir Salamo Injia, Deputy Chief Justice Sir Gibbs Salika and Justice Collin Makail granted a declaration that the motion of no-confidence against the Prime Minister complied with technical requirements of section 145 of the Constitution and Standing Orders 22 and 130.

Ongoing students’ issues hit the floor of parliament

The debate was started by Opposition Leader Don Polye who said the unfounded allegations by the government that the Opposition is behind the university students were all lies.

He said the misperception that the Opposition members have put words into the student body is utterly false.

“It is very difficult to influence highly educated people who have been educated and have knowledge of general matters that affects their livelihood in the present time and in future,” Polye told Parliament.

Zeming: Fisheries laws must be reviewed

Around 18% of the world’s total tuna stock is found in PNG’s 2.5 million square kilometre Exclusive Economic Zone (EEZ).

Annually, about three-quarters of a million tonnes of tuna are caught in PNG waters.

Much of the growth in the fisheries sector is taking place near Lae, where four new plants are planned for Malahang, with broad support from the provincial government and landowners.