PNGDF secures loan for facilites upgrade

POST COURIER – The Papua New Guinea Defence Force has secured a K1.9 billion (US$772 million) loan from overseas to improve its facilities. Defence Minister and North Wahgi MP Fabian Pok announced the National Executive Council (NEC) had approved the loan and once the loan agreement was signed the department would secure the loan from…

PNA hailed for tuna efforts

PEW, Greenpeace and World Wide Fund (WWF) have congratulated the Parties to the Nauru Agreement (PNA) for their increased commitments to the sustainable management of their tuna fisheries. Amanda Nickson, Director Global Tuna Conservation campaign Pew Environment Group; Alfred Schuman, director Smart Fishing Initiative World Wide Fund for Nature; Sari Tolvanen, Project Leader Global Tuna…

MSG meets to boost trade

Members of the Melanesian Spearhead Group (MSG) are meeting this week at the South Pacific Community Headquarters in Noumea, New Caledonia to discuss trade and economic issues and initiatives that will boost trade relations between Melanesian countries under the newly revised MSG Trade Agreement to be finalized in 2015. The MSG series of meetings started…

Australian investment in Fiji up 559 per cent

FIJI SUN: Australian investment in Fiji in 2013 increased by a whopping 559 per cent when compared with 2012. The Permanent Secretary for Industry and Trade, Shaheen Ali, revealed this, saying this increase followed a period of decline. Australian investment in Fiji in 2013 was $340 million (US$183 million), up by $288.4 million (US$155.5 million).…

Mining giant reviews Bougainville stake

Mining giant Rio Tinto is considering the future of its key stake in a company that has lost the right to mine in Bougainville. Bougainville Copper Ltd was stripped of all exploration and mining licences by the Autonomous Bougainville Government last week. “Rio Tinto has decided now is an appropriate time to review all options…

Plans to engage long-line in VDS

LONGLINE fishing vessels will be the next issue Parties to the Nauru Agreement (PNA) will be targeting to engage in the vessel day scheme (VDS) to generate more revenue for member nations as well as control tuna harvesting in the region. Director of the organisation Dr Transform Aqorau highlighted this yesterday during his presentation at…

SI part of $6million dugong conservation project

SPREP – Vanuatu and the Solomon Islands are part of a USD 6 million dollar project spanning five years, to conserve dugongs and sea-grass across the Indian and Pacific Ocean basins. This was announced at the Pacific Joint Preparatory Meeting to the Convention of Biological Diversity COP12, Convention on Migratory Species COP 11 and Ramsar…