O'Neill will present plans to NEC to "restructure all gov businesses"

[Palm]

Petromin's dismantling will likely be part of this plan to be presented by O'Neill to the NEC:

Tuesday 2nd April 2013

Business restructure

By ANCILLA WRAKUALE

PRIME Minister Peter O’Neill said the Government is looking at restructuring all government businesses.

He said the government will put forward a submission to the National Executive Council to restructure the way government businesses operate.

The Prime Minister spoke last week when he opened the new Air Niugini Corporate Charter Terminal in Port Moresby

Mr O’Neill said all government businesses will now operate in a business structured manner legislated by law.

He said the government is now in the initial stage of discussion with stakeholders in all areas of business regarding the business structure.

He said this will then improve and develop skills and human resource.

“We got all the resources in the world but we are disorganized”, he said.

“We have to build on our economy.We cannot depend on the PNG LNG Project.

“In the next few weeks the government will be announcing projects up to K500 million for roads alone.

“I can assure you, our future is bright”, Mr O’Neill said.

He said there are so many Papua New Guineans working abroad and we should bring them back to develop our own country.

Meanwhile, Mr O’Neill also expressed satisfaction for the national airline’s expansion.

He said the increased number of passengers using the airline was a positive sign for growth in the industry and economy.

He said it was not easy operating an airline service where safety was paramount.

He said Air Niugini should look at increasing flights to Japan as well as Bangkok in Thailand.

“I think these are opportunities we can look at.

“These destinations are not profitable at the moment but the government can subsidise the flights,” he said.

http://www.postcourier.com.pg/20130403/business01.htm

i wonder why so many new flights to Japan and Thailand will be necessary?

[Putncalls]

Is this good or is this bad? Change is not good for business short term.

[Tusker]

Petromin's dismantling will likely be part of this plan to be presented by O'Neill to the NEC:

Tuesday 2nd April 2013

Business restructure

By ANCILLA WRAKUALE

PRIME Minister Peter O’Neill said the Government is looking at restructuring all government businesses.

He said the government will put forward a submission to the National Executive Council to restructure the way government businesses operate.

The Prime Minister spoke last week when he opened the new Air Niugini Corporate Charter Terminal in Port Moresby

Mr O’Neill said all government businesses will now operate in a business structured manner legislated by law.

He said the government is now in the initial stage of discussion with stakeholders in all areas of business regarding the business structure.

He said this will then improve and develop skills and human resource.

“We got all the resources in the world but we are disorganized”, he said.

“We have to build on our economy.We cannot depend on the PNG LNG Project.

“In the next few weeks the government will be announcing projects up to K500 million for roads alone.

“I can assure you, our future is bright”, Mr O’Neill said.

He said there are so many Papua New Guineans working abroad and we should bring them back to develop our own country.

Meanwhile, Mr O’Neill also expressed satisfaction for the national airline’s expansion.

He said the increased number of passengers using the airline was a positive sign for growth in the industry and economy.

He said it was not easy operating an airline service where safety was paramount.

He said Air Niugini should look at increasing flights to Japan as well as Bangkok in Thailand.

“I think these are opportunities we can look at.

“These destinations are not profitable at the moment but the government can subsidise the flights,” he said.

http://www.postcourier.com.pg/20130403/business01.htm

i wonder why so many new flights to Japan and Thailand will be necessary?

Good thing that Kavo has the Gulf Province administratively ready for road building and logistics support.

"... our future is bright "  Somtimes wonder if Peter reads this BB.  ... the future is so bright, I have to wear

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Toots

[Tree]

Is this good or is this bad? Change is not good for business short term.

Good God Puts.  If I didn't know better I'd say 'why do you think they call it dope'.

How about you think about it and get back to us with your conclusion.

[CesiumFormate]

My sense is that this is all good and will not delay the announcement as everyone believes. Once the basic structure is put in place, documents can be signed and approved by the NEC, and the trustee of the new National Oil Company, Kumul Petroleum, which just happens to be O'Neill. IOC only needs signoff an approvals. Kumul Petroleum will have time to pull their structure together while IOC finalizes their deal with chosen partners.

[Putncalls]

I did think about it. I am not a Jim Jones fan. How does one sign a billion dollar contract when the laws are "unknown"?

[TxPm]

I agree I believe we should be able to announce the deal "pending PNG approval" or something along those lines. Just like we did with the PRE deal

[Palm]

Looks like the plan ha already been presented and approved by NEC. A story at EMTV regarding the IPBC decision to relocate the PM Port Facility to the other side of the harbor to allow for a commercial recreation area states at the end:

"Cabinet, meanwhile, has approved the structuring of state entities that will result in the government streamlining its participation in the private sector."

Change is good when it is done the way png is going about it. IPBC is well-funded and has several very good partners. As O'Neill said, "the future is bright".

"IPBC TO RELOCATE PORT MORESBY PORT FACILITY

on Wednesday, 03 April 2013. Posted in News

SHARE ARTICLE

Public Enterprise Minister Ben Micah has confirmed the relocation of the Port Moresby Port Facility. It’s a major priority for the government.

Minister Micah is now working on a technical proposal and financial details of the relocation to be presented to cabinet before the end of the year.

The facility will be relocated to the other side of the harbour; the precise relocation however, remains sketchy and the exact cost is yet to be disclosed.

Minister Micah made the government’s intention known at the launch of PNG Ports Corporation’s Strategic Plan 2012 – 2032.

The government has made the decision to redevelop the existing CBD waterfront facility into a commercial recreation area, and should be completed before the 2018 APEC summit to be held in the capital city.

The Minister said it’s obvious within the next 5 to 10 years; all major port facilities will not be able to cope with demand and pressure. Lae Port for instance, is already experiencing pressure where goods have exceeded the facility’s capacity mark.

This has called for the current relocation exercises underway in Lae and Port Moresby.

PNG Ports CEO Stanley Alphonse said these are major challenges that the corporation is working to address.

The evening ceremony at the Crown Plaza hotel also saw the launch of the corporation’s website and a surprising K8.5million in dividend presented to the Minister. This makes PNG Ports the first state entity to come up with a dividend this year.

Cabinet, meanwhile, has approved the structuring of state entities that will result in the government streamlining its participation in the private sector."

http://www.emtv.com.pg/home/latest-news/...gory_id=20

[tarulestheday]

From what I am hearing this am, the delays for IOC due to PNG restructuring are in the rear view mirror.

[Movieguy]

From what I am hearing this am, the delays for IOC due to PNG restructuring are in the rear view mirror.

May you be oh so right!