Bank of Papua New Guinea
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Papua New Guinea's Emergent Longline Fishery
Papua New Guinea's emergent longline fishery Two Hawaii-based fishing vessels are currently participating in the longline fishery in Papua New Guinea (PNG), in the south west tropical Pacific. The two vessels, which fish in the Northwestern Hawaiian Islands for lobsters are on charter in PNG between lobster fishing seasons. PNG is one of the largest Pacific nations, straddling Southeast Asia and the South Pacific, with one of the largest EEZs in the region and abundant tuna resources. Like the rest of the Pacific, PNG is keen to expand its longline fishing industry for the lucrative fresh tuna market in Japan. Fishing trials in 1994 and 1995 in Rabaul, Finchaven and the capital city, Port Moresby, demonstrated the feasibility of a domestic fishery in PNG; although the productivity of the resource was evident from the long history of fishing in PNG waters by Korean, Taiwanese and Japanese longliners. From 1994 onwards various local companies began to establish fishing operations at various ports throughout the country, but with most activity centered around Port Moresby. A longline fishery management plan was developed by the National Fisheries Authority in 1995, which included a ban on foreign longliners operating in the PNG EEZ. Licensing guidelines were also introduced which included a minimum of 51% PNG equity in joint ventures, and short-term charter of foreign vessels to PNG companies on a 1:1 basis with the number of local vessels in a company fleet. Presently there are 20 longliners operating in PNG, with the majority of vessels being based in Port Moresby. Fishing companies outside of the capital include one in Alotau and the two others in PNG=s second city Lae. -
Papua New Guinea
PAPUA NEW GUINEA EMERGENCY PREPAREDNESS OPERATIONAL LOGISTICS CONTINGENCY PLAN PART 2 –EXISTING RESPONSE CAPACITY & OVERVIEW OF LOGISTICS SITUATION GLOBAL LOGISTICS CLUSTER – WFP FEBRUARY – MARCH 2011 1 | P a g e A. Summary A. SUMMARY 2 B. EXISTING RESPONSE CAPACITIES 4 C. LOGISTICS ACTORS 6 A. THE LOGISTICS COORDINATION GROUP 6 B. PAPUA NEW GUINEAN ACTORS 6 AT NATIONAL LEVEL 6 AT PROVINCIAL LEVEL 9 C. INTERNATIONAL COORDINATION BODIES 10 DMT 10 THE INTERNATIONAL DEVELOPMENT COUNCIL 10 D. OVERVIEW OF LOGISTICS INFRASTRUCTURE, SERVICES & STOCKS 11 A. LOGISTICS INFRASTRUCTURES OF PNG 11 PORTS 11 AIRPORTS 14 ROADS 15 WATERWAYS 17 STORAGE 18 MILLING CAPACITIES 19 B. LOGISTICS SERVICES OF PNG 20 GENERAL CONSIDERATIONS 20 FUEL SUPPLY 20 TRANSPORTERS 21 HEAVY HANDLING AND POWER EQUIPMENT 21 POWER SUPPLY 21 TELECOMS 22 LOCAL SUPPLIES MARKETS 22 C. CUSTOMS CLEARANCE 23 IMPORT CLEARANCE PROCEDURES 23 TAX EXEMPTION PROCESS 24 THE IMPORTING PROCESS FOR EXEMPTIONS 25 D. REGULATORY DEPARTMENTS 26 CASA 26 DEPARTMENT OF HEALTH 26 NATIONAL INFORMATION AND COMMUNICATIONS TECHNOLOGY AUTHORITY (NICTA) 27 2 | P a g e MARITIME AUTHORITIES 28 1. NATIONAL MARITIME SAFETY AUTHORITY 28 2. TECHNICAL DEPARTMENTS DEPENDING FROM THE NATIONAL PORT CORPORATION LTD 30 E. PNG GLOBAL LOGISTICS CONCEPT OF OPERATIONS 34 A. CHALLENGES AND SOLUTIONS PROPOSED 34 MAJOR PROBLEMS/BOTTLENECKS IDENTIFIED: 34 SOLUTIONS PROPOSED 34 B. EXISTING OPERATIONAL CORRIDORS IN PNG 35 MAIN ENTRY POINTS: 35 SECONDARY ENTRY POINTS: 35 EXISTING CORRIDORS: 36 LOGISTICS HUBS: 39 C. STORAGE: 41 CURRENT SITUATION: 41 PROPOSED LONG TERM SOLUTION 41 DURING EMERGENCIES 41 D. DELIVERIES: 41 3 | P a g e B. Existing response capacities Here under is an updated list of the main response capacities currently present in the country. -
PCRAFI AIR Brochure- Papua New Guinea (1).Pdf
PACIFIC CATASTROPHE RISK ASSESSMENT AND FINANCING INITIATIVE Public Disclosure Authorized PAPUA NEW GUINEA Public Disclosure Authorized SEPTEMBER 2011 COUNTRY RISK PROFILE: PAPUA NEW GUINEA Papua New Guinea is expected to incur, on average, 85 million USD per year in losses due to earthquakes and Public Disclosure Authorized tropical cyclones. In the next 50 years, Papua New Guinea has a 50% chance of experiencing a loss exceeding 700 million USD and casualties larger than 4,900 people, and a 10% chance of experiencing a loss exceeding 1.4 billion USD and casualties larger than 11,500 people. Public Disclosure Authorized BETTER RISK INFORMATION FOR SMARTER INVESTMENTS COUNTRY RISK PROFILE: PAPAU NEW GUINEA POPULATION, BUILDINGS, INFRASTRUCTURE AND CROPS EXPOSED TO NATURAL PERILS An extensive study has been conducted to assemble a comprehensive inventory of population and properties at risk. Properties include residential, commercial, public and industrial buildings; infrastructure assets such as major ports, airports, power plants, bridges, and roads; and major crops, such as coconut, palm oil, taro, sugar cane and many others. TABLE 1: Summary of Exposure in Papau New Guinea (2010) General Information: Total Population: 6,406,000 GDP Per Capita (USD): 1,480 Total GDP (million USD): 9,480.0 Asset Counts: Figure 1: Building locations. Residential Buildings: 2,261,485 145° E 150° E 155° E Public Buildings: 43,258 0 100 200 400 Commercial, Industrial, and Other Buildings: 88,536 Kilometers All Buildings: 2,393,279 Hectares of Major Crops: 1,350,990 S S ° ° Cost of Replacing Assets (million USD): 5 5 Buildings: 39,509 Infrastructure: 6,639 Lae Crops: 3,061 Port Moresby Total: 49,209 S S ° ° 0 0 Government Revenue and Expenditure: 1 Building Replacement Cost 1 Density (million USD / km^2) Total Government Revenue 0 - 0.025 0.075 - 0.1 0.5 - 1 0.025 - 0.05 0.1 - 0.25 1 - 156 (Million USD): 2,217.9 0.05 - 0.075 0.25 - 0.5 Papua New Guinea 145° E 150° E 155° E (% GDP): 23.4% Figure 2: Building replacement cost density by district. -
Papua New Guinea Economic Update: Slower Growth, Better Prospects
WORLD BANK GROUP PAPUA NEW GUINEA ECONOMIC UPDATE JANUARY 2019 Slower Growth, Public Disclosure Authorized Better Prospects Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PAPUA NEW GUINEA ECONOMIC UPDATE Slower Growth, Better Prospects January 2019 Preface and Acknowledgements This publication is the second in a new series of Papua New Guinea Economic Updates (PNG EU). It has two principle aims. First, it analyzes the key recent developments in Papua New Guinea’s economy and places these in a longer-term and global context. Based on these developments, and recent policy changes, the PNG EU updates the outlook for Papua New Guinea’s economy and the welfare of its citizens. Second, the PNG EU provides a more in-depth examination of a selected development issue and evaluates the implications of recent trends and policy reforms in terms of the government’s stated development objectives. It is intended for a wide audience, including policymakers, business leaders, and the community of analysts and professionals engaged in Papua New Guinea’s evolving economy. The PNG EU is compiled by the Macroeconomics, Trade and Investment Global Practice, under the guidance of Michel Kerf (Country Director), John Panzer (Practice Director), Ndiame Diop (Practice Manager), and Patricia Veevers-Carter (Country Manager). The core project team comprises Ilyas Sarsenov, Andrew Blackman, and Anthony Obeyesekere. The special focus section is based on the Papua New Guinea Systematic Country Diagnostic prepared by Chandana Kularatne, Manohar Sharma, Daniel Street, and Anthony Obeyesekere. Administrative support is provided by Michelle Lee, Rachel Leka, and Angela Oswyn. Bronwen Brown edited the text. -
List of Certain Foreign Institutions Classified As Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms
NOT FOR PUBLICATION DEPARTMENT OF THE TREASURY JANUARY 2001 Revised Aug. 2002, May 2004, May 2005, May/July 2006, June 2007 List of Certain Foreign Institutions classified as Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms The attached list of foreign institutions, which conform to the definition of foreign official institutions on the Treasury International Capital (TIC) Forms, supersedes all previous lists. The definition of foreign official institutions is: "FOREIGN OFFICIAL INSTITUTIONS (FOI) include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority." Although the attached list includes the major foreign official institutions which have come to the attention of the Federal Reserve Banks and the Department of the Treasury, it does not purport to be exhaustive. Whenever a question arises whether or not an institution should, in accordance with the instructions on the TIC forms, be classified as official, the Federal Reserve Bank with which you file reports should be consulted. It should be noted that the list does not in every case include all alternative names applying to the same institution. -
Tax Relief Country: Italy Security: Intesa Sanpaolo S.P.A
Important Notice The Depository Trust Company B #: 15497-21 Date: August 24, 2021 To: All Participants Category: Tax Relief, Distributions From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief Country: Italy Security: Intesa Sanpaolo S.p.A. CUSIPs: 46115HAU1 Subject: Record Date: 9/2/2021 Payable Date: 9/17/2021 CA Web Instruction Deadline: 9/16/2021 8:00 PM (E.T.) Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfo before certifying their instructions over CA Web. Important: Prior to certifying tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo over the CA Web. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay at +1 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages. -
Patterson Zanardini
CHROMOSOMAL POLYMORPHISM IN DROSOPHILA RUBIDA MATHER WHARTON B. MATHER' Zoology Department, University of Queensland, Brisbane, Australia Received January 30, 1961 HE population geneticist is essentially interested in the variation of gene fre- Tquencies in natural populations. Within chromosomal inversions blocks of genes are contained and in many species of Drosophila due to the presence of easily analysable giant chromosomes, the behavior of these blocks of genes can be easily studied in natural populations. Thus, of recent years chromosomal inver- sion polymorphism in the genus Drosophila has been extensively studied (see review by DA CUNHA1955 and discussion by GOLDSCHMIDT1958), the most extensive work having been done on the temperate species D.pseudoobscura Fro- lowa from northwestern America, D.robusta Sturtevant from eastern America and D. subobsczua Collin from Europe and the tropical species D. willistoni Sturtevant from South America. From this work it has been suggested that the genetical significance of inversions is to maintain coadapted gene sequences by the elimination of chromatids produced by crossing over within the limits of heterozygous inversions. PATTERSONand STONE(1952) list 17 species in the immigrans species group, the majority being from the Australian and Oriental geographical regions. In spite of the giant chromosomes of those members of the group which have been studied being very suitable for detailed analysis, anly D. immigrans has been examined for polymorphism. A number of inversions have been detected by FREIRE-MAIA,ZANARDINI and FREIRE-MAIA(1953) and BRNCIC(1955) in South America, GRUBER(1958) in Israel and TOYOFUKU(l957,1958a,b) in Japan. In 1958 Drosophila collections were made at Cairns in northeastern Australia and a new species of the immigrans species group discovered. -
OECD International Network on Financial Education
OECD International Network on Financial Education Membership lists as at May 2020 Full members ........................................................................................................................ 1 Regular members ................................................................................................................. 3 Associate (full) member ....................................................................................................... 6 Associate (regular) members ............................................................................................... 6 Affiliate members ................................................................................................................. 6 More information about the OECD/INFE is available online at: www.oecd.org/finance/financial-education.htm │ 1 Full members Angola Capital Market Commission Armenia Office of the Financial System Mediator Central Bank Australia Australian Securities and Investments Commission Austria Central Bank of Austria (OeNB) Bangladesh Microcredit Regulatory Authority, Ministry of Finance Belgium Financial Services and Markets Authority Brazil Central Bank of Brazil Securities and Exchange Commission (CVM) Brunei Darussalam Autoriti Monetari Brunei Darussalam Bulgaria Ministry of Finance Canada Financial Consumer Agency of Canada Chile Comisión para el Mercado Financiero China (People’s Republic of) China Banking and Insurance Regulatory Commission Czech Republic Ministry of Finance Estonia Ministry of Finance Finland Bank -
Bank of Papua New Guinea
Bank of Papua New Guinea FINANCIAL STATEMENTS 31 DECEMBER 2015 Bank of Papua New Guinea REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2015 For the advantage of the people of Papua New Guinea, the objectives of the Central Bank are: (a) to formulate and implement monetary policy with a view to achieving and maintaining price stability; and (b) to formulate financial regulation and prudential standards to ensure stability of the financial system in Papua New Guinea; and (c) to promote an efficient national and international payments system; and (d) subject to the above, to promote macro-economic growth in Papua New Guinea. Central Banking Act, 2000 BANK OF PAPUA NEW GUINEA • ANNUAL REPORT • 2015 1 Head Office ToRobert Haus Douglas Street Port Moresby Postal Address PO Box 121 Port Moresby Telephone (675) 322 7200 Email [email protected] Facsimile (675) 321 1617 Website www.bankpng.gov.pg 2 BANK OF PAPUA NEW GUINEA • ANNUAL REPORT • 2015 Contents Title page 1 Secondary Functions 34 Governor’s Foreword 4 Economic Advice to Government 34 Highlights 7 Increasing Economic Knowledge 34 Mission, Vision, Values 10 Facilitating Financial Services Development and Inclusion 35 Governance 11 Financial Intelligence Monitoring 38 Financial Management 16 Sovereign Wealth Fund Secretariat 38 Core Functions 18 Institutional Support 39 Monetary Policy 18 Strategic and Monetary Policy Formulation 18 Operational Management 39 Monetary Policy Implementation 19 Human Resource Management 41 Foreign Exchange Management 20 Information and Communication Foreign Reserves Management 22 Technology Services 46 Financial System 26 Communication Services 46 Regulation and Supervision 27 Infrastructure Services and Systems 46 Payment System 28 BPNG in the Community 46 National Currency Management 29 Financial Statements 47 Government Banking and Agency Services 30 Payment Systems Support 33 BANK OF PAPUA NEW GUINEA • ANNUAL REPORT • 2015 3 Governor’s Foreword The Government continued its expansionary fiscal policy to support economic activity. -
The Role of Savings and Loan Societies in Papua New Guinea
L Wilson Kamit: The role of savings and loan societies in Papua New Guinea Speech by Mr L Wilson Kamit, CBE, Governor of the Bank of Papua New Guinea, to the people of East New Britain Province, on the occasion of the ground breaking ceremony for the new building complex for East New Britain Savings and Loan Society Ltd, Rabaul, 12 June 2006. * * * Introduction Thank you Master of Ceremony. Host Governor for East New Britain Province, Honourable Leo Dion MP; Minister for Foreign Affairs and Immigration and Member for Kokopo, Right Honourable Sir Rabbie Namaliu MP; Minister for Public Service and Member for Gazelle, Honourable Sinai Brown MP; Honourable Bart Philemon MP, Treasurer; Mayor for Kokopo, Mr. Albert Buanga; Mayor for Rabaul, Mr. Changol Manuai; Lady Nerrie Tololo, wife of Late Sir Alkan Tololo (first chairman of the Board of East New Britain S&L Society); Chairman of East New Britain Savings & Loan Society, Mr. Ellison Kaivovo; The Board and management of ENB S&L Society; Auxiliary Bishop Patrick Taval, Rabaul Catholic Diocese, distinguished guests, ladies and gentlemen. There are three reasons for being here today: Firstly, I always enjoy coming here. Secondly, to officiate at this ground breaking ceremony of ENB S&L Society and thirdly, to check out the new premises of the Bank of South Pacific which the Central Bank might use to establish a Cash Distribution Centre for the New Guinea Islands region to distribute new notes and coins. Update on the economic developments As part of my speech to you today, I would like to provide some key highlights of the achievements attained over the recent past. -
Classification of Accounts Guide Last Updated – January 2018
Classification of Accounts Guide Last updated – January 2018 Contents Part I: General introduction Part II: Residence Part III: Sector categories Part IV.1 – IV.2: Industrial classification Part IV.3: Relationship between sector and industrial classifications Part V.1: Sector components (ESA 10) and sub components Part V.2: List of countries 1 Part I Classification of Accounts Guide – General Introduction I.1 Foreword This guide is intended for all institutions completing a range of Bank of England statistical returns. It describes the two most important systems of classification used in compiling economic and financial statistics in the United Kingdom – the economic sector classification, and the industrial classification. This guide is intended to serve both as an introduction for newcomers and as a source of reference. The nomenclature in the sector classification is in line with international standards – in particular, the European System of National and Regional Accounts (abbreviated to ‘ESA10’). In addition, the analysis of industrial activity is in line with the 2007 standard industrial classification of economic activities (SIC) introduced by the Office for National Statistics. Those without knowledge of accounts classification are recommended to refer to the ‘Guide to Classification’ (Part I Section 3) which takes the reader through the main questions to be answered to help classify accounts correctly. The system of classification used in this guide is solely for statistical purposes. Parts II to IV of the guide describe the main aspects of the classification system in more detail, including lists of examples of institutions, or a web link reference, for many categories. I.2 An introduction to the classification of accounts Sector and industrial classification To understand the underlying behaviour which is reflected in movements in economic and financial statistics, it is necessary to group those entities engaged in financial transactions into broad sectors with similar characteristics. -
The Performance of Melanesian Central Banks
The Performance of Melanesian Central89 Banks 89 Journal of Central Banking Theory and Practice, 2013, 1, pp. 89-110 UDC: 336.711(595) Received: 10 September 2012; accepted: 9 October 2012. Michael Turner* & Alistair Brown** * Lecturer Financial Accounting, School of Accounting, Curtin The Performance of Melanesian University, Western Australia Central Banks E-mail: [email protected] ** Professor, School of Abstract: Since independence, the Melanesian central banks of the Accounting, Curtin Reserve Bank of Fiji, Bank of Papua New Guinea, Central Bank of University, Western Solomon Islands and Reserve Bank of Vanuatu have operated au- Australia tonomously in their respective domestic economies through trouble- some times. In one form or another, they have had to endure inter- E-mail: [email protected] national condemnation, coups, corruption and crises. Using classic modernization theory and combination reporting analysis, this pa- per considers possible operational central bank efficiencies from the construction of a joint Melanesian central bank. Annual reports for the year ending 2008 from the cities of Suva, Port Moresby, Honiara and Port Vila were gathered to conduct textual analysis of the an- nual reporting of the Melanesian central banks, both individually and collectively through combination reporting analysis. The results of the analysis of the performance of the individual Melanesian cen- tral banks identify huge net losses resulting from speculative foreign currency trading, substantial risks from holding extensive foreign assets, and worrying governance issues through unusual dividend practices and balance sheet reserve manipulation. In light of the results, there appears a case for using combination reporting as an instrument for examining potential performance of emerging cen- tral bank problems and for considering a united Melanesian central bank to help rectify some of these problems.