Welcome to the Papua New Guinea Gossip - 27 October 2000. A very special welcome is extended to any new readers. If you have comments or suggestions to make then please e-mail them to firstname.lastname@example.org
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Remember that this mailing list is mainly meant for people who have an interest and already know a little bit about the people and geography of Papua New Guinea. The PNG Kina, which is mentioned from time to time, is currently worth somewhere around 32 - 33 United States cents but varies on a daily basis.
If you are really keen on finding out what the Kina is worth a currency converter for most world currencies can be located at http://www.michie.net/pnginfo/moni.html
For those who are not so familiar with the geography of Papua New Guinea I suggest taking a look http://maps.expedia.com and then click on the find a map option. Go to this link for a quick start to a link to a map of Port Moresby. http://www.michie.net/pnginfo/pom-map.html
Also remember that the accuracy of the information in this newsletter should not be relied upon - it is, after all, a gossip newsletter.
If a longer URL in this newsletter appears to be broken, please manually cut and then paste the link into your browser or visit http://www.michie.net/news/g001027.html for the web-based version of this newsletter.
The Sandaun Motel has a website located at http://www.sandaunmotel.com.pg
SquattersThe government has placed a ban on any new illegal settlements in Port Moresby.
Highland HighwayThe highway, which has seen little attention in the past ten years, has been earmarked for a maintenance and upgrading job valued at K320 million. The project will cover all the important National and provincial roads in the Highlands region.
RabaulThe Gazelle Peninsula has been rocked recently by three tremors located about 60 kilometres east of Rabaul along the Weitin fault at a depth of 15 to 20 kilometres. The Rabaul volcano observatory has said that the tremors were not related to the activity at Mt Ulawun and Mt Tavurvur volcanoes
Pineapple BuildingThe disused building at Waigani has finally been put to good use by the Defence Force as an aid in the art of propelling. This is because the army only has a structure which is 14 metres high located at Goldie Barracks.
Investor LawsThe Trade and Industry Minister has said that the Investment Promotion Authority should tighten its investor laws so that foreign investors are not allowed to compete with Papua New Guineans as is now the case.
National Provident FundThe NPF invested K18 million in a very speculative minor oil and gas company between 1995 and 1998. From this investment the fund made a loss of K11 million.
Avis rent-a-carThe Avis franchise in PNG has recently celebrated its 25th birthday. Toyota Japan, the North Solomons provincial government, East Sepik Development Corporation, East New Britain Development Corporation, PSA Travel, Stack West Sepik Trust, Taludubu Ltd, F & A Joinery Ltd and the Public Employees Association, owns the franchise.
Fishing VesselThe Hung Hua 11, a foreign fishing vehicle, has been impounded at the Lancron Base whilst investigations are underway as to why the vessel did not carry a valid fishing licence on board.
Salt ProjectThe major salt project, which is expected to be in full operation this time next year, has been delayed due to a lack of building specifications and approval. The K33 million project is waiting for final approval from the National Capital District Commission. The delay in approval has meant that 40 workers have had to be laid off for the last three weeks.
PNG DollarIs the Kina on the way out? The Prime Minister has spoken openly of the possibility of abandoning PNG's currency and adopting the Aussie Dollar.
Cyanide FishingThe use of cyanide in Milne Bay and New Ireland provinces has the potential to destroy PNG's rich marine environment. Cyanide is used in the live fish trade.
Oil Palm SeminarThe first national oil palm seminar was held in Port Moresby on last Thursday. The seminar was titled "Caring and Sustainable Agriculture".
FinCorp have advertised the following interest rates for a minimum deposit of K5,000.
- 1 month -- 10.00%
- 2 months -- 10.50%
- 3 months -- 11.00%
- 6 months -- 11.24%
- 9 months -- 11.00%
- 12 months - 11.00%
The PNG Banking Corp is offering the following rates for amounts from K2,000.
- 1 month -- 8.00%
- 2 months -- 8.25%
- 3 months -- 8.50%
- 6 months -- 9.00%
- 9 months -- 9.50%
- 12 months - 9.00%
Copra Marketing BoardThe CMB has obtained National Executive Council approval to borrow K5 million at commercial rates to help support copra prices.
Property Rental market
- 5 bedroom executive penthouse located at Windward apartments - K3,500 per week.
- Basilisk 3 bedroom apartments K900 per week.
- Ela Beach 2 bedroom unit K400 per week
- Korobosea 2 bedroom flat K250 per week
- Korobosea 3 bedroom townhouse K295 per week
Ramu Nickel ProjectThe filming of a documentary about the Ramu nickel project is set to start soon. The documentary will be based on the lives of the people around the mining area.
Oil RefineryThe InterOil refinery is expected to raise knowledge of PNG as an investment target in North America. Because of the size of the InterOil refinery it is causing investors to take a further look at PNG.
Port Moresby BlackoutsThe current spate of power outages has been attributed to the failure of a major underground cable which services Boroko, Three Mile, Four Mile, Six Mile, Gordon and Korobosea. It is believed that the electricity company is working hard to rectify the problem.
Port Moresby SewerageIt is estimated that at least K160 million is needed to upgrade Port Moresby's sewerage system. It seems that as the water supply system improves more strain is put on the sewerage system.
- Alotau International Hotel -- http://www.alotauinternational.com
- Coral Sea Hotels -- http://www.coralseahotels.com.pg
- Haus Poroman Lodge -- http://www.hausporoman.com.pg
- Kaivuna Resort Hotel -- http://www.kaivunaresort.com
- Kulau Lodge -- http://www.global.net.pg/kulau
- Lae International Hotel -- http://www.laehotel.com.pg
- Lissenung Island Resort -- http://www.lissenung.com
- Loloata Resort -- http://www.loloata.com
- MV Febrina Dive Boat -- http://www.febrina.com
- Nusa Island Retreat -- http://www.nusaislandretreat.com.pg
- Pinelodge Resort -- was located at http://www.pinelodge.com.pg
- Sandaun Motel -- http://www.sandaunmotel.com.pg
- Walindi Resort -- http://www.walindi.com
PNG newspaper sites
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Articles for this newsletter
If you think you have a PNG page worth mentioning then please send e-mail to firstname.lastname@example.org.
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