PSDI: 2014 a year of achievement

ADVANCES in the business environment in several Pacific Island countries mark 2014 as a year of achievement for the Pacific Private Sector Development Initiative (PSDI), says a recently launched report the progress of the regional technical assistance facility. PSDI, which focuses on improving the business environment by promoting investment, encouraging entrepreneurship, and easing constraints to…

Sustainable economic development vital

SUSTAINABLE economic development in the region is vital to address social needs ranging from health and education, to environmental and cultural protection, says a report released by the Pacific Private Sector Development Initiative. In its seventh progress report for July 2013 — June 2014, PSDI said this could not occur without resources generated by private…

PNG aims for balance budget

Papua New Guinea Government has handed down yet again another historic budget – a record K16.2 billion (US$6.19b) in comparison with three previous biggest budgets of US$5.7b in 2014, US$4.9b in 2013, and US$4.01b in 2012. The 2015 Budget has been framed against a backdrop of moderate, albeit strengthening global economic growth and continued domestic…

PM defends Sore’s appointment

Prime Minister Manasseh Sogavare has defended his decision to appoint the former Permanent Secretary of the Ministry of Mines Rence Sore to the position of Special Secretary to the Prime Minister. This followed disapproval expressed by the Office of the Leader of Opposition and Gold Ridge landowners over Mr Sore’s appointment, alleging that the appointee…

Sore is the best choice: PM

PRIME Minister Manasseh Sogavare says Rence Sore is his best choice for the Special Secretary to Prime Minister’s (SSPM) job. Mr Sogavare made the defence after the Opposition and Gold Ridge landowners alleged that Mr Sore is yet to be cleared as a suspect in the $18-Million Gold Ridge royalty payment scandal.  “He has the…