P.N.G. Gossip Newsletter - 27 Oct 2000

PNG Gossip Newsletter Meri Milne Bay
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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 giaman@png-gossip.com

Articles for this newsletter

To send a message for submission to the PNG Gossip Newsletter -- please e-mail your contribution to pngnews.queue@png-gossip.com

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


Squatters

The government has placed a ban on any new illegal settlements in Port Moresby.

Highland Highway

The 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.

Rabaul

The 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 Building

The 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 Laws

The 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 Fund

The 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-car

The 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 Vessel

The 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 Project

The 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 Dollar

Is 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 Fishing

The 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 Seminar

The first national oil palm seminar was held in Port Moresby on last Thursday. The seminar was titled "Caring and Sustainable Agriculture".

Interest Rates

FinCorp have advertised the following interest rates for a minimum deposit of K5,000.

The PNG Banking Corp is offering the following rates for amounts from K2,000.


Copra Marketing Board

The CMB has obtained National Executive Council approval to borrow K5 million at commercial rates to help support copra prices.

Property Rental market


Ramu Nickel Project

The 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 Refinery

The 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 Blackouts

The 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 Sewerage

It 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.

Accommodation Sites

PNG newspaper sites

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Created - 27 Oct 2000
Updated - 18 Feb 2001
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