Month: November 2019
Brewery unhappy with excise increase
SOUTH Pacific Brewery Ltd (SP) is quite upset with the 2020 National Budget as it could lose business, the company said. SP Brewery corporate affairs manager John Nilkare said the […]
Smokers to pay more with tax increase from Sunday
CIGARETTE smokers will pay more when a 10 per cent tax increase takes effect on Sunday. This follows the Government’s decision to increase the tax for cigarettes in its effort […]
Secretary grateful for support
DEPARTMENT of Agriculture and Livestock secretary Daniel Kombuk says he is satisfied with the funding support for the agriculture sector. He said the Government was giving prominence to agriculture and […]
Manager describes 2020 budget as ‘positive’
NATIONAL Development Bank (NDB) managing director Moses Liu described the 2020 National Budget as “positive”. Liu noted that K200 million would be under NDB so that small-medium enterprises could access […]
Agriculture an important sector
REVIEWS and successive policy papers have emphasised that agriculture is the most important economic sector in PNG, according to budget papers. The sector provides for the livelihood for more than […]
Budget to bring hardship, says former PM
FORMER Prime Minister Peter O’Neill says the 2020 budget is expected to bring hardship to the people. “It’s a budget with no substance and will bring tremendous hardship to our […]
Decline in revenue a concern
TREASURER Ian Ling-Stuckey says a major worry in recent years has been decline in revenues. “We must raise money to pay for the delivery of basic services and build our […]
No money to establish wealth fund: Treasury
THE Government is committed to the establishment of the Sovereign Wealth Fund (SWF), according to the Treasury Department. However, the timing of the full establishment of the SWF is dependent […]
China invests in PNG fisheries
FISHERIES and Marine Resources Minister Dr Lino Tom has signed an agreement with one of China’s largest fisheries associations for a US$300 million (K1.02b) initial investment for the commercial development […]
Japan’s agency programme help teachers
THE Japan International Cooperation Agency (Jica) has been providing aid through many projects in Papua New Guinea to raise the standard of education in the country. Jica aid has supported […]