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PAPUA NEW GUINEA NEWS, FACTS, INFORMATION, STORIES AND INSPIRATIONS

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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PNG is Facing Fuel Crisis and Experiencing Worsening Economy

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PNG is Facing Fuel Crisis and Experiencing Worsening Economy How the Foreign Currency Issue is Fueling Papua New Guinea's Fuel Crisis and Worsening Economy by  Exepreneur Magazine 19 February 2023. Papua New Guinea (PNG) is currently facing a fuel crisis due to unresolved foreign currency (FX) issues that have left the country with a severe shortage of fuel. The issue of FX, or foreign exchange, is complex and has many economic variables such as GDP, inflation, economic growth, employment, and more. The ongoing standoff between PUMA Energy and the Bank of Papua New Guinea (BPNG) has brought this issue to the forefront and has raised questions about the sufficiency of the government's foreign currency reserves. The country's high inflation rate and the skyrocketing prices of goods and services have only compounded the fuel shortage issue, which has had a significant impact on the economy. The fuel shortage has caused disruptions to the aviation industry, with Airlines, force...
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Location: Papua New Guinea
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BREAKING: Puma Service Stations Rationing Fuel Throughout PNG.

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BREAKING:  Puma Service Stations Rationing Fuel. BY MAXINE KAMUS, 18 February 2023. As of yesterday Friday, February 17, 2023, Puma Energy Limited fuel service stations in Port Moresby have begun rationing the sale of fuel, especially petrol. Each customer is allowed to purchase K20.00 cash to refill while Puma Card customers are allowed to refill a maximum of K50.00 only. Some Puma service stations have only diesel and no petrol. This is the result of Puma Energy Limited putting restrictions on fuel supply on Thursday, February 16, 2023 to their customers in all market segments due to Puma's unresolved foreign exchange constraints impacting Puma’s ability to source crude oil and or finished products to supply to its customers. Well-placed sources have confirmed that Mobil have also run out of petrol and will not have stock until next week or so. Read more in your Post-Courier on Monday, February 20, 2023.
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Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

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