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June 28, 2022
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Business PNG Episode – 5, 2014

In this episode:

We features Australia’s foreign minister, Julie Bishop, who was in the country last week seeking clarification from the Government after the National Executive Council made a decision that will now require all Australians wishing to travel to PNG to apply for an entry visa into PNG pre-departure.

The move, done in what Prime Minister O’Neill calls reciprocation, has been met with some opposition. There are concerns that it will affect PNG’s tourism industry. However, the O’Neill – Dion Government remains adamant that it will stand by its decision.

On the contrary, the Australian Government remains positive that online visa applications is the way forward for both countries but given the fact that the ban is only a signature away from enactment, what will this mean for the two neighboring countries who have had strong ties since the last century?

Also in the episode, the Autonomous Region of Bougainville (ARB) has commissioned a new copra mill that will enable the downstream processing of coconut oil both for both local and overseas markets. Fabian Hakalits reports from ARB on the new copra mill, Pristine 101 Limited, which was made possible by the Autonomous Bougainville Government. However, with the unfavourable commodity prices, there is a concern of whether this new investment will be regarded as a blessing or a misfortune.

And finally in the episode, the convergence of government ministers, HODs, governors, the Prime Minister and the Government’s Chief of Staff all under one roof for the 2014 Leaders’ Summit. With the central theme of 'accelerating implementation', the Prime Minister clarifies to all government officials present that failure is not an option in the implementation of the massive K15billion budget.

https://youtube.com/watch?v=3vSj40aGkJU%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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