“LUSHIP LIQUIDATION” – Scott Waide
Shareholder nominees of 70 year-old church owned company Lutheran Shipping have resolved to liquidate the company. It’s understood that Luship owes its creditors more than K10 million. While there has been much resistance, a series of meetings held between workers and liquidators have been used to try to ease the tension. A statement signed by Lutheran Bishop Giegere Wenge was released late this afternoon. The downscaling of the services mean outer lying coastal districts like Siassi and Finschhafen will be severely affected. We will keep you updated in the coming days on this important development.
“LAE WATER” – Scott Waide
Residents in Lae City’s Boundary Road and one mile area have been left without water for the last 36 hours after a road contractor accidently broke a main pipe that supplies water to more than 4, 000 people. Water PNG engineers were at the site last night to assess the damage. A Water PNG employee said the delay in restoring water was due to a broken part that can’t be sourced from within Lae. However, he said, the company’s technicians are working to have the part modified and fitted so that water can be restored. Last year, Water PNG came under fire for ongoing water outages partly caused by PNG power blackouts.
- Business PNG – Episode 18, 2014
- Skul Bilong Yu – Episode 4, 2014