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O'Neil's Condolence Message to the Late Rt. Honourable Sir Julius Chan, GCL, GCMG, KBE, PC and Governor, New Ireland Province and Former Prime Minister

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By: Peter O'Neil, MP. My speaking notes at the Funeral this evening of the Late Rt. Honourable Sir Julius Chan, GCL, GCMG, KBE, PC and Governor, New Ireland Province and Former Prime Minister Lady Stella Chan, Vanessa, Byron, Mark and Toea and your extended family Thank you for giving us the opportunity to pay our respects to this Great Leader of our country and our people.   Sir Julius as known to all of us, was a man amongst men. A leader of leaders and a statesman who dedicated his entire adult life contributing enormously to nation building.   As one of the founding fathers, Sir Julius served his country and people well. A service to his community and his stance on good governance are his public legacy. Shining examples of not just doing what is good for our people but also ensuring it is done right.   Doing the right thing is not always the easy thing but Sir J demonstrated over and over that this doing the right thing by Papua New Guinea was the only cou...
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Petroleum Resource Kutubu (PRK) presented a mock cheque of K120 million to mark the completion of its legacy taxes.

LANDOWNER COMPANY  SETTLES K120 MILLION LEGACY TAX LIABILITY 

LANDOWNER COMPANY SETTLES K120 MILLION LEGACY TAX LIABILITY Petroleum Resource Kutubu (PRK) presented a mock cheque of K120 million today to mark the completion of its legacy taxes. PRK’s had tax disputes since 2011, and in 2019, all of these issues were resolved, resulting in a total tax liability of K120,758,504. Given that this was a considerable amount to pay, the Commissioner General placed them on a structured payment plan based on their cash flow. The final monthly repayment was made in January 2023, marking the complete settlement of the debt. PRK is a subsidiary of Mineral Resources Development Company (MRDC). It was incorporated in 1989 under the Companies Act to hold the landowners and provincial government equity interest in the Kutubu Petroleum Project. PRK currently holds a 6.75% stake in Petroleum Development License 2 (PDL2) and 1% of PNG LNG. At a small but significant press conference held today at the Internal Revenue Commission (IRC), the Managing Director of MRDC, Mr Augustine Mano, expressed his relief after this huge payment debt and assured all the companies under his watch are also reordered to be tax compliant. Mr Mano thanked the Commissioner General for putting PRK and all their companies through a payment arrangement to settle their outstanding debts. PRK Chairman John Kappi Natto said, “sometimes, people think that landowner companies will not be paying taxes, but today we are showing that we can pay our fair share of the taxes. Today, it reflects the governance of the landowner companies who continue to pay their taxes.” Mr Kappi Natto expressed concern that although so much is extracted from their resources and they are paying these taxes, they are not seeing basic government services like roads, schools and hospitals being provided to the resource landowners. He urged the Government to look back at the resource owners as the Oil and Gas were going to run out. He thanked Mr Mano and MRDC for running the resource companies and ensuring that the companies under MRDC continue to comply with their tax obligations. He committed to continue to comply with their tax obligations. IRC Commissioner General Sam Koim acknowledged and thanked PRK and MRDC for completing the payment of their legacy tax liability. He expressed his gratitude that on top of allowing the extraction of their natural resources for the benefit of all, the resource owners are also considerate to pay their fair share of taxes to be further redistributed through the taxation process for the benefit of all. The Commissioner General praised PRK as demonstrating exemplary compliance behaviour and urged all taxpayers with legacy tax problems to discuss their tax problems with the IRC to establish similar payment plans to suit their cash flow. He urged taxpayers to follow similar due processes to resolve their legacy tax problems. Authorised for release Mr. Sam Koim, OBE Commissioner General IRC Press Release 8th /02/2022

Wednesday, 08 February 2023.

Petroleum Resource Kutubu (PRK) presented a mock cheque of K120 million today to mark the completion of its legacy taxes. 

PRK’s had tax disputes since 2011, and in 2019, all of these issues were resolved, resulting in a total tax liability of K120,758,504. Given that this was a considerable amount to pay, the Commissioner General placed them on a structured payment plan based on their cash flow. The final monthly repayment was made in January 2023, marking the complete settlement of the debt. 

PRK is a subsidiary of Mineral Resources Development Company (MRDC). It was incorporated in 1989 under the Companies Act to hold the landowners and provincial government equity interest in the Kutubu Petroleum Project. PRK currently holds a 6.75% stake in Petroleum Development License 2 (PDL2) and 1% of PNG LNG. 

At a small but significant press conference held today at the Internal Revenue Commission (IRC), the Managing Director of MRDC, Mr Augustine Mano, expressed his relief after this huge payment debt and assured all the companies under his watch are also reordered to be tax compliant. 

Mr Mano thanked the Commissioner General for putting PRK and all their companies through a payment arrangement to settle their outstanding debts. 

PRK Chairman John Kappi Natto said, “sometimes, people think that landowner companies will not be paying taxes, but today we are showing that we can pay our fair share of the taxes. Today, it reflects the governance of the landowner companies who continue to pay their taxes.”

Mr Kappi Natto expressed concern that although so much is extracted from their resources and they are paying these taxes, they are not seeing basic government services like roads, schools and hospitals being provided to the resource landowners. He urged the Government to look back at the resource owners as the Oil and Gas were going to run out. 

He thanked Mr Mano and MRDC for running the resource companies and ensuring that the companies under MRDC continue to comply with their tax obligations. He committed to continue to comply with their tax obligations. 

IRC Commissioner General Sam Koim acknowledged and thanked PRK and MRDC for completing the payment of their legacy tax liability. He expressed his gratitude that on top of allowing the extraction of their natural resources for the benefit of all, the resource owners are also considerate to pay their fair share of taxes to be further redistributed through the taxation process for the benefit of all.

The Commissioner General praised PRK as demonstrating exemplary compliance behaviour and urged all taxpayers with legacy tax problems to discuss their tax problems with the IRC to establish similar payment plans to suit their cash flow. He urged taxpayers to follow similar due processes to resolve their legacy tax problems. 

Authorised for release

Mr. Sam Koim, OBE

Commissioner General 

IRC Press Release

8th /02/2023

Location: Papua New Guinea

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Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

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LISTS OF FULLY FUNDED SCHOLARSHIPS FOR 2023 - 2024

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  🔴A LOT OF SCHOLARSHIPS FOR 2023 - 2024🔴 Bank of America Paid Internship Program 2024 Apply here:  https://lnkd.in/giU_7dVZ Queen Elizabeth Commonwealth Scholarship in UK 2023-2024 | Fully Funded Apply Now:  https://lnkd.in/gDfmS8wZ Stanford University Free Online Courses 2023 Apply here:  https://lnkd.in/gawDwTdR Microsoft Internship Program 2023 | Paid Internship Apply here:  https://lnkd.in/g9VfAWkV HP Free Online Courses with Free Certificates 2023-2024 | HP LIFE Apply here:  https://lnkd.in/gZyUKVpS Joint Japan World Bank Scholarship Program 2023, Fully Funded Apply Now:  https://lnkd.in/gMmp97Gj Chulalongkorn University Scholarship in Thailand 2023 | Fully Funded Apply here:  https://lnkd.in/gNx8j9Wv Harvard University MBA Scholarship 2023 in the USA Apply here:  https://lnkd.in/giK9etA8 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐫𝐚𝐝𝐮𝐚𝐭𝐞 𝐀𝐰𝐚𝐫𝐝 𝟐𝟎𝟐𝟒 | 𝐅𝐮𝐥𝐥𝐲 𝐅𝐮𝐧𝐝𝐞𝐝 Apply Now:  https://lnkd.in/gJWYMN...
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BRIEF HISTORY OF SIR IGNATIUS KILAGE - THE FIRST PRIEST

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Young men who went to school in the early times went on to become important people.   Kulkane man, Ignatius Kilage, was the first man from the highlands to be ordained a priest in 1968 and later he was to become one of the most distinguished statesmen in Papua New Guinea. As the day of his ordination approached, Ignatius especially chose the date December 17th 1968 in memory of the burial date of Father Karl Morschheuser. THE FIRST PRIEST - SIR IGNATIUS KILAGE By: Mathias Kin -  PNG History, Facts & Ideas. This is a story of one the most important and iconic figures of Simbu captured in our history book "MY CHIMBU".  The detailed life story of Sir Ignatius here is as told to me by the late Lady Regina Kilage sometime in 2006 at the Mt Wilhelm Hotel in Kundiawa.  The photo of him here is a 1987 election campaign picture when he contested for the Simbu Regional Seat under the National Party.  That was a year after Sir Iambakey Okuk had died. Ignatius Kila...
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The Minister for Health, Hon. Dr. Tom Lino has highlighted what the people of Papua New Guinea should be expecting in HEALTH in the NEXT THREE MONTHS.

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The Minister for Health, Hon. Dr. Tom Lino has highlighted what the people of Papua New Guinea should be expecting in HEALTH in the NEXT THREE MONTHS. No nation in the world has conquered health and its issues. Even the developed world struggle. We’re no exception and we do have our own peculiar issues.  THE NEXT 3 MONTHS-WHAT TO EXPECT IN HEALTH By Hon. Dr Tom Lino | Wabag MP & Health Minister  Happy 47th Independence PNG! Nations have taken centuries to develop. We've barely made a start but that's not an excuse. We can do better. Firstly, we thank God for a beautiful country that is so full of promise. I also thank him for this opportunity to serve His people in this very important social sector. I thank the good Prime Minister Hon James Marape and his Pangu Party for gracing me with this opportunity. No nation in the world has conquered health and its issues. Even the developed world struggle. We're no exception and we do have our own peculiar issues.  Currently, ...
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