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| December 2009 |
NEW HENGANOFI HOSPITAL SET TO START
Construction of the K5 million rural hospital at Henganofi Station in Eastern Highlands Province will begin in early 2010. The new hospital will provide services for over 60,000 people in Henganofi, as well as Kainantu, Unggai-Bena, Okapa and Lufa Districts. . . . [more]
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GRANT TO BOOST PACIFIC ECONOMIC GROWTH
The Asian Development Bank (ADB) together with the Government of Australia has announced a US$12 million grant aimed at stimulating private sector investment in the Pacific Region, according to the joint press release. . . . [more]
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BSP NOW THE BIGGEST BANK IN THE PACIFIC
Bank South Pacific (BSP) has acquired the Fiji’s Colonial Group from Commonwealth Bank of Australia (CBA), making BSP the largest bank in the Pacific Region with total assets in excess of K9 billion and nearly 3,000 employees. . . [more]
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EXXON ARRANGES RECORD LOAN DEAL FOR PNG GAS PROJECT
Exxon Mobil and its partners have agreed to proceed with $15 billion PNG liquefied natural gas project (LNG). According to news reports Exxon will lend $3.75 billion, in addition to $US10.25bn worth of commitments gathered by the partners including Oil Search and Santos. . . . [more]
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| November 2009 |
PAPUA NEW GUINEA AT THE ITTO MEETING
Papua New Guinea was well represented at the annual meeting of the International Tropical Timber Organization, in Yokohama, Japan, in November. The meeting took place at a critical point in history for tropical timber producing nations, with increasing pressure on forest industries ahead of the international climate negotiations in December. . . . [more]
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BAHA MARKS WORLD AIDS WEEK
BAHA – Businesses Coalition Against HIV & AIDS, a coalition of businesses promoting initiatives against the disease – marked World AIDS Week this year with the publication of an ‘activity book’ aimed at raising AIDS awareness. . . . [more]
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PAPUA NEW GUINEA DEPENDENT ON AGRICULTURE – ANU
A new study published by Australian National University (ANU) indicates that agriculture plays a vital role in everyday life in PNG – but its significance is not appreciated. The study, ‘Food and Agriculture in Papua New Guinea’ notes the disparity in decision making between PNG’s large rural population (81 percent) and the urban centres, where most policy decisions are made. . . . [more]
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PRIME MINISTER SOMARE CALLS ON US TO IMPROVE CLIMATE POLICY
Papua New Guinea’s Prime Minister Sir Michael Somare has called on the US Government to improve its international climate policy, describing the US position as both ‘irresponsible’ and ‘unacceptable’. . . . [more]
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| October 2009 |
PNG PRIME MINISTER AWARDED ‘STAR OF THE SOLOMONS’
Papua New Guinea’s Prime Minister Michael Somare received the prestigious ‘Star of the Solomons’ award during a three-day trip to the Solomon Islands in mid-October, The National has reported. . . . [more]
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AUSTRALIAN PARLIAMENTARY SECRETARY ON OFFICIAL VISIT TO PNG
Australia’s Parliamentary Secretary for Pacific Island Affairs, the Hon Duncan Kerr SC MP, made an official visit to Papua New Guinea in the first week of October. . . . [more]
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OIL SEARCH ANNOUNCES TERMINATION OF PNG LNG INVESTMENT DEAL
Oil Search has announced the termination of a deal which would have funded the development of the multibillion dollar liquefied natural gas (LNG) project in Papua New Guinea. . . [more]
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REMARKS BY SENIOR PNG MINISTERS AT THE UNITED NATIONS
Papua New Guinea’s Prime Minister, Sir Michael Somare, and Minister for Foreign Affairs, Trade and Immigration, Mr. Samuel Abal, made remarks relating to forestry and climate change at the United Nations in New York in late September. . . . [more]
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