Incorporated land group certificates will expire next year

The Department of Lands and Physically Planning deputy secretary for customary land, Andy Malo, said “by March 2017, the old ILG certificates registered under the old Act will be null and void.”

He added that they are having talks with commercial banks for state lease holders to get loans using their registered certificates as collaterals.

“We are in contact with commercial banks to have them relax their bank policy and accept customary leases as collateral for bank mortgage purpose.”

Oil palm giant partners with PNGNID

The Memorandum of Understanding signed today in Port Moresby will see the registration of its NBPOL entire workforce, dependents, local landowners and land leases.         

“PNGNID in essence will provide critical people data to help us manage our business and small holder partners and obviously, planning for future developments,” NBPOL country manager Robert Nilkare said.