Dear Members

This edition contains the outline of the 33rd Australia Papua New Guinea

Business Forum and Trade Expo, for your information. We look forward to your attendance at this event and anticipate a larger than usual trade expo

turnout as we have capacity for 93 trade booths in comparison to our usual 50.

Nalini Nandanhallt is signing off as CSM after a successful 9 year association

with APNGBC, and we welcome Materua Tamarua as our new Corporate Ser-

vices Manager as of 5 December 2016.

Due to the change over we will not be having a newsletter in December 2016 and we look forward to kicking off the new year with a meet and greet func-

tion on 7 Feb 2017 - Q1 – APNGBC – PNG Executive Committee

Meeting Grand Papua Hotel. 3.00 pm, so save the date.

Phil Franklin President—In Country 2016

ELECTED EXECUTIVE COMMITTEE

OFFICE BEARERS President-In Country : Phil Franklin Vice President: Richard Flynn

Secretary: Jonathan Seeto Treasurer: David Guinn

EXECUTIVE COMMITTEE MEMBERS James Kruse : Deloitte Touche Tohmatsu

Mark Baker: ANZ Bank Steve Patrick: Gadens Lawyers

Bruce Avenell: American Insurance Group

Geoff Toone: Westpac Bank Mark Hitchcock : Rio Tinto

Greg Worthington-Eyre: Trukai Industries Andrew Barry : Exxon Mobil PNG

Geoff Scahill: Abt JTA Matt Lewis: Hornibrook NGI Ltd

EX OFFICIOS Ex Officio : David Knapton Austrade

Ex Officio : Bruce Davis Australian High Commissioner

Mess age from the P res iden t

MEETING SCHEDULE

4th Quarter Meeting

Executive Committee

Monday 12 December 2016

3pm followed by Christmas drinks

5pm AUSTRADE RESIDENCE

7 Feb 2017 - Q1 – APNGBC – PNG

Executive Committee Meeting Grand Papua Hotel. 3.00 pm

7 Feb 2017 - MEET and GREET-

Grand Papua Hotel. 6.00 pm

26 Apr 2017 - Q2 – APNGBC –

PNG Executive Committee Meeting PWC Board Room, PWC Haus, Waterfront. 3.00 pm

14-16 May 2017, 33rd Australia Papua

New Guinea Business Forum and Trade Expo Stanley Hotel

20 Jul 2017 Half yearly Meeting

PNG Exec Comm Mtg PWC Board

Room, PWC Haus, Waterfront. 3pm

20 Jul 2017 ANNUAL GENERAL

MEETING – APNGBC PNG PWC Board Room, PWC Haus, Waterfront. 4pm

24 Aug 2017 QUARTER 3 –

APNGBC – PNG Exec Comm Mtg PWC Board Room, PWC Haus, Waterfront. 3pm

7 Dec 2017—Q 4 – APNGBC – PNG

Executive Committee Meeting Austrade Residence 3pm

NOVEMBER 2016 Volume 2, Issue 11

Presidents Report

Work Programe:

Business and Develop-

ment Round Table

Public Sector Capacity

Healthy Workforce /

communities Working

Group

Growing PNGs Econ-

omy Working Group

Draft Provisional Program

APNGBC

Media Summary

Sponsors

Contacts

1

2—3

4-7

8-9

10-11

12

Contents

Page 2

Volume 2, Issue 11

PRESIDENTS REPORT

The National Development Forum outcomes 18th - 20th October 2016 are not ready for publication. The outcome report is yet to be vetted by the Minister for National Planning and Chairman of the CIMC. Furthermore it is yet to get

approval for public disbursement from the EO of the CIMC and the Director of the INA. PROPOSED MEETING SCHEDULE FOR 2017 3.00 pm Tuesday, 7 February 2017 - QUARTER 1 – APNGBC – PNG Executive Committee Meeting Grand Papua Hotel

6.00 pm Tuesday, 7 February 2017 - MEET and GREET (TUESDAY) Grand Papua Hotel 3.00 pm Wednesday 26 April 2017 - QUARTER 2 – APNGBC – PNG Executive Committee Meeting

PWC Board Room, PWC Haus, Waterfront Sunday, 14 May -16 May 2017, 33rd Australia Papua New Guinea Business Forum and Trade Expo

“Navigating the Cycle: Creating Opportunities in Challenging Times”

The Stanley Hotel and Suites, Port Moresby, Port Moresby Papua New Guinea

3pm Wednesday 20th July 2017 HALF YEARLY MEETING – APNGBC – PNG Executive Committee Meeting PWC Board Room, PWC Haus, Waterfront 4pm Wednesday 20th July 2017 ANNUAL GENERAL MEETING – APNGBC PNG PWC Board Room, PWC Haus, Waterfront 3pm Wednesday 24 August 2017 QUARTER 3 – APNGBC – PNG Executive Committee Meeting

PWC Board Room, PWC Haus, Waterfront 3pm Wednesday, 7 December 2017 QUARTER 4 – APNGBC – PNG Executive Committee Meeting

Austrade Residence

November 2016

Page 3

Volume 2, Issue 11

PRESIDENTS REPORT

WORK PROGRAM 2016 BUSINESS AND DEVELOPMENT ROUND TABLE The recent business breakfast held by BCPNG highlighted

The need to improve administration of Internal Revenue Commission to apply tax fairly across all companies

Increases in fees and charges specifically -port service fees and charges;

Support Ongoing Efforts on Public Service Reform

Businesses are keen to discuss payment schemes such as leases on various units for utilities and infrastructure expenditure.

Local Content Arrangements For Infrastructure Projects “PUBLIC SECTOR CAPACITY” - WORKING GROUP Membership; Scott Roberts (lead), Nalini Nandanhallt, Penny Dennis (AHC lead), support tbc. Meeting held 28/9/2016. Terms of Reference defined. “HEALTHY WORKFORCE AND COMMUNITIES” —WORKING GROUP Next meeting to be advised “GROWING PNG’s ECONOMY” - WORKING GROUP Membership; Ian Clarke (lead), Greg Anderson, James Kruse, Chey Scovell, Simon Roz Simon Roz, AHC, Chris Gibson AHC, Dylan Roux AHC, James Kruse, Nalini Nandanhallt, Chris Gibson, Rabbie Namiliu, Ian Clarke— meeting held 9/9/2016. This working group will propose APNG Business and Development Roundtable Steering Committee (SC) a list of issues that the WG can de-velop into policy position papers, in consultation with key stakeholders, and that would be endorsed by the SC. Those policy position papers could then be used by APNGBC members as an advocacy and communications tool. Policy papers will be prepared for:-

SME POLICY

LAND

TRADE FACILITATION

TAX

ENERGY DATE OF NEXT MEETING

Phil D Franklin President

November 2016

Quarter 4 Monday 12 December 2016 PLEASE NOTE REVISED DATE:

(Date change because Mining Conference is on 5 Dec 2016) 3pm at AUSTRADE RESIDENCE followed by Christmas Drinks

Page 4

Volume 2, Issue 11

33rd AUSTRALIA PAPUA NEW GUINEA BUSINESS FORUM and Trade Expo “Navigating the Cycle: Creating Opportunities in Challenging Times”

The Stanley Hotel and Suites, Port Moresby Papua New Guinea, 14 to 16 May 2017

DRAFT PROVISIONAL PROGRAM

Please note, some invited Speakers are subject to confirmation and may change.

ESSO HIGHLANDS Master of Ceremonies: DADI TOKA JR

DAY 1: SUNDAY 14 MAY 2017 9.00am-10.00am PRONTO SOFTWARE Golf Tournament, Port Moresby Golf Club 4.00pm BANK SOUTH PACIFIC Registration Desk Opens 6.00pm KINA SECURITIES Pre-Conference Cocktail Reception (Main Conference Room - The Stanley Hotel) 6.30pm AUSTRADE/INVESTMENT PROMOTION AUTHORITY Trade Expo Opening (The Stanley Hotel) 7.30pm WESTPAC PACIFIC Pre-Conference Dinner (Main Conference room - The Stanley Hotel)

DAY 2: MONDAY 15 MAY 2017 7.00am Appreciation Breakfast for Sponsors & Speakers by invitation 8.00am BANK SOUTH PACIFIC Registration Desk Opens 8.00am DIGICEL Business Centre Opens 8.00am AUSTRADE/INVESTMENT PROMOTION AUTHORITY Trade Expo Opens 8.30am PLENARY OPENING SESSION 8.30am SESSION ONE: WELCOME TO DELEGATES and KEY NOTE ADDRESSES

Mr. David Toua, President, Business Council Papua New Guinea 8:50 am The Hon Peter O’ Neill Prime Minister of Papua New Guinea 9:15 am The Hon. Steven Ciobo MP, Minister for Trade, Tourism and Investment (Australia) 9.50am HENRY KILA MEMORIAL ADDRESS Sir Rod Eddington, Chair of Regional Economic Integration Working Group, APEC Business Advisory Council. 10.30am NUIGINI TABLEBIRDS Morning Tea 10.50am BUSINESS COUNCILs REPORT CARD Mr Phil Franklin, President, Australia Papua New Guinea Business Council PNG. Mr Michael Penrose, Vice President, National Business Council of PNG 11.00am – 1.00pm SESSION 1 – GETTING IT RIGHT The Australia- PNG economic relationship’s growth story is a reflection of mutual partners keen to integrate their business

and commercial ventures in a market that supports business growth. Firms need to manage through a tough cycle, be resilient and insulate themselves against the downtrend in the cycle. This will set the scene for a robust panel discussion.

Panel Chair: Ms Carolyn Blacklock – Department of Treasury 11:05–11.25 Mr Gavin Murray - PNG Country Director World Bank 11.25–11.35 Mr Michael Murphy – CEO Digicel How Digicel operates with cyclical challenges in Developing Countries. 11.35-11.45 Mr Jacob Luke, CEO Mapai Transport A local firm investing and expanding in challenging times 11.45-11.55 Mr Gary Hersey, CEO Kumul Consolidated Holdings Current Projects/opportunities update 11.55-12.05 Dr Charles Yala – Director NRI The importance of 100 Year Leases for continued investment in PNG. 12.05 -12.15 Mr Jean-Michel LeJeune – Goodman Fielder International Resilience in challenging times, Handling cyclical challenges within the Region and Expansion Plan Update 12.15- 1.10 Panel Discussion

November 2016

Page 5

Volume 2, Issue 11

1.10pm GADENS LAWYERS Lunch 2.10pm SESSION 2: EARN LEARN AND RETURN WORKSHOPS WORKSHOP 1 – OPPORTUNITIES FROM THE SEASONAL WORKERS SCHEME FOR PNG (sponsored by PGFAbt ASSOCIATES) Update on the scope of opportunities for PNG and how PNG can improve its engagement in the Seasonal Workers Scheme Panel Chair: Ms Florence Willie, PNG Employers Federation Panel: TBC, Seasonal Worker Scheme Alumni TBC, Department Of Immigration Australia

Mr Mataio Rabura, PNG Immigration Citizenship Services Authority TBC, Ironbark Citrus Ms Mary Morola, Department of Labour and Industrial Relations

WORKSHOP 2 – INCREASING PRODUCTION AND PACKAGING VALUE (sponsored by Trade and Investment Queensland)

Panel Chair: Dr Paul Barker, Institute of National Affairs Panel TBC, Productivity Commission Australia Ms Helen Hamilton Jones, Deloitte PNG Mr Stan Joyce, SP Brewery Limited

WORKSHOP 3 – POWERING FOR THE NEXT CYCLE (sponsored by Clough Engineering)

Reliable, affordable power underpins economic development. Cost efficient power generation is a prerequisite for energy grids required for improving investment in Papua New Guinea. Current power supply levels remains a major impediment to business and government Panel Chair: Mr David Conn, POMCCI Panel Mr Vovo Vere Deputy Secretary (Energy), Department Petroleum and Energy Mr Sev Maso Board Member, PNG Power Limited Mr Paul Mulder Mayur Resources (PNG) Limited Mr Peter Loko Country Manager, GE (PNG) Limited

03:25 pm CADDEN CROWE Afternoon Tea 02.50pm SESSION 2 WORKSHOP OUTCOMES

WORKSHOP 1 – OPPORTUNITIES FROM THE SEASONAL WORKERS SCHEME FOR PNG (PGFAbt ASSOCIATES) Panel Chair: Ms Florence Willie, Executive Director, PNG Employers Federation

WORKSHOP 2 – INCREASING PRODUCTION AND PACKAGING VALUE (Trade and Investment Queensland) Panel Chair: Dr Paul Barker, Executive Director, Institute of National Affairs

WORKSHOP 3 – POWERING FOR THE NEXT CYCLE (Clough Engineering) Panel Chair: Mr David Conn, Chief Executive Officer, POMCCI

5.00pm DAY 1 ENDS 6.30pm AUSTASIA PACIFIC HEALTH SERVICES Cocktail Reception 7.30pm ANZ BANKING GROUP Conference Dinner

November 2016

Page 6

Volume 2, Issue 11

DAY 3: TUESDAY 16 MAY 2017 8.30-9.30am SESSION 3 APEC 2018 Update – Specific Opportunities for Regional PNG (Kokopo Goroka Madang)

As PNG prepares for hosting APEC 2018, Policy makers, private sector and experts share the key priorities for PNG and the APEC Business Advisory Council. Speaker: Mr Cynara Tan, Price Waterhouse Coopers Panel Chair: Mr Steve Mase, National Broadcasting Corporation. Panel: Ambassador Ivan Pomeleu, PNG APEC SENIOR Official Mr Chris Hawkins, CEO 2018 APEC Hosting Authority Mr David Toua, Senior PNG ABAC Member

9.30-10.30am SESSION 4: IMPROVING BILATERAL BUSINESS NETWORKING FOR YOUNG ENTREPRENEURS A catalyst for growing business opportunities is fostering innovation and networking among the youth of Australia and Papua New Guinea. The scope of the relationship and expansion of the relationship will be discussed.

Panel Chair: Mr Leon Buskens, Chairman of PNG IPA Ms Amanda Donigi (Stella Runway) Mr Shane Ninai (Venture Capital) Mr Everett Chue (Pacific Industries) Ms Xenia Peni (House of Xen)

10.30am KUMUL HOTELS IHG Morning Tea 10:50am SESSION 5 - INTEGRATING BUSINESS AND DEVELOPMENT WORKSHOP 4 - BUSINESS TO BUSINESS FOR SMEs in PNG (International Sos)

This workshop discusses the opportunities for stronger participation for SME’s in the bilateral relationship. How are these chambers helping SME’s Panel Chair Mr John Leahy, President, Papua New Guinea Chamber of Commerce and Industry Speaker – SME Corporation Speaker – Malaysia – critical platforms for SME’s Lessons learned Speaker – Northern Territory Chamber of Commerce Speaker – Cairns Connect Speaker – Townsville Chamber of Commerce

WORKSHOP 5 BUSINESS PARTICIPATON IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS UN adopted new global development platform in 2015 outlining Sustainable Development goals Panel Chair: Mr Roy Trivedy – Introduction Speakers Mr Ian O’rrell Head of Sustainability for SYME DARBY (NBOL) Speaker – Airborne Logistics Speaker – Sago Network

November 2016

Page 7

Volume 2, Issue 11

WORKSHOP 6 NO BORDERS

Securing the strongest growth platform means reducing dependence on Aid’ and increasing export income. Is PNG ready to drive growth in the Pacific. PNG has to address challenges which will enable it to move forward and partici-pate fully in a global economy. Boosting Trade for PNG and the region is a prerequisite for growth but it requires a solid foun-dation of both hard and soft infrastructure and sound policy environment to make it happen. What are the opportunities and challenges for creating this infrastructure. Panel Chair: Mr Chey Scovell – Good Regulatory Practice – Best practice – Global timeframes for processing that are impor-tant to Business / use of on line portals. Benefits of Pacer Plus Speakers: Mr Frazer Murray, Acting Director (Trade) Department of Commerce and Industry - Trade Policy Update Mr Wesley Morgan, Lecturer School of Government, Development and International Affairs University of the South Pacific Veniana Qalo, Trade Policy Adviser, Pacific Island Forum Secretariat

11.50pm SESSION 5 WORKSHOP OUTCOMES

WORKSHOP 4 - BUSINESS TO BUSINESS FOR SMES – UNLOCKING SUPPLY CHAIN OPPORTUNITIES FOR PNG. Panel Chair: Mr John Leahy WORKSHOP 5 BUSINESS PARTICIPATON IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS. Panel Chair: Mr Roy Trivedy WORKSHOP 6 NO BORDERS Panel Chair: Mr Chey Scovell

12.20pm AIG PNG LTD Lunch 2.00pm SESSION 6 NEW AGRO INDUSTRIES and SUSTAINABLE Tourism Opportunities

Identifying and nurturing investment in Primary produce for Export – addressing Biosecurity New Agro industry initiatives. Improving Value Chains in Fisheries / Agriculture. Agricultural value chain financing to provide support for the development of micro-finance institutions. Speaker: Prof. Roman Grynburg, Professor Economics and Management Sciences, Namibia Lessons learned Botswana – How to reinvest gains from extractive industry to diversify the economy for growth and develop-ment. Panel Chair Mr Phil Franklin Mr David Mather CEO NBPOL

Mr Ilan Weis, CEO LR Group (PNG) Limited Mr Nathanial Ho, CEO The Stanley Hotel and Suites. Dr Claudius Preville - Insight / lessons learned from Trade policy negotiations (Caribbean / Africa). Speaker – NZAID Speaker – Milne Bay Industry Association Mr Vincent Kumura – Bundi Eco Lodge

3.00pm SESSION 7 RESOURCES UPDATE The session will consider updates from the mining, gas, oil, forestry and agricultural sectors.

Panel Chair Mr Greg Anderson, PNG Chamber Mines and Petroleum Speakers: Mr Peter Botton, Managing Director, Oil Search Mr Phillip Blanchard, Managing Director, TOTAL PNG Mr Sandeep Biswas, Chief Executive Officer, Newcrest Mr Andrew Barry, Managing Director, Exxon Mobil

4.30pm NESTLE PACIFIC ISLANDS Afternoon Tea 4.45pm CLOSING REMARKS AND FORUM COMMUNIQUE

PACIFIC AIR EXPRESS - CONFERENCE SUMMARY

November 2016

Volume 2, Issue 11

GOVERNANCE

MEDIA SUMMARY

Each month the APNGBC NEWSLETTER provides a summary of local media and issues that we consider relevant news to our members . These Media Reports do not necessarily reflect the views of members.

THE 33RD AUSTRALIA PNG BUSINESS FORUM & TRADE EXPO MAY 2017

Page 8

November 2016

MAJOR REGIONAL MEETINGS:

APEC Haus will be constructed at a cost of K120 million, courtesy of gas exploring giant Oil Search. APEC Haus will be built over the

sea at Ela Beach and will resemble something like the Sydney Opera House. The unique design of the facility, which resembles a Mo-

tuan Lagatoi sail, will even rival iconic world sites. Source: PC, p2, 21/10/16

Prime Minister Peter O’Neill has welcomed the ground breaking at the site of the new APEC Leaders’ Summit in 2018. APEC Haus will be built on reclaimed land at the juncture of Ela Beach and the Paga Hill Ring Road and is being undertaken by Oil Search Ltd through a tax credit scheme as was approved by the National Executive Council. Source: PC, p2, 24/10/16

Papua New Guinea will host three massive ocean cruise liners parked at Ela beach with 5000 beds to use for the 2018 Asia Pacific Eco-nomic Corporation Summit. This will supplement Port Moresby hotels already booked to accommodate the guests from 21 economies that will be here in PNG for the 2018 APEC Summit in November. Meanwhile on security, Mr Justin Tkatchenko said that the Australian Defence Force will help PNG beef up its intelligence capabilities before the 2018 APEC Leaders’ Summit. Source: PC, p3, 24/10/16

The Government will set aside K250 million in the National Budget for items related to APEC Leaders’ Summit in 2018. The Asia Pacific

Economic Co-operation Leaders’ Summit will attract about 10 000 top business people from the 21 member economies. This is apart

from all the top political leaders. Source: PC, p8, 31/10/16

The National Airport Corporation has stepped up its security measure for the arrival of the Women’s under 20 FIFA in the Nation’s Capi-

tal. Airside Operations manager Jimmy Wape said the security measures used have been tested, refined and improved more overtime to

suit the event and each team’s security requirements. Source: PC, p3, 10/11/16

The CIMC National Development forum (18-20 October was held at the Holiday Inn. Outcomes will be detailed in the November News-letter.

Parliament passed the Dual Citizenship Bill which will allow people with connections and interests in PNG to hold two passports or dual

citizenship. Earlier this year, Parliament passed the Constitutional Amendment No. 43 (Dual Citizenship) Law which was certified by the

Speaker and gazetted. Source: PC, P5, 4/11/16

Site confirmed - “Navigating the Cycle: Creating Opportunities”

The Stanley Hotel - 14 –16 May 2016. A DRAFT is included in this edition.

NATIONAL BUDGET 2017—PAPUA NEW GUINEA

The 2017 National Budget has been framed according to the country’s commodity prices says BSP CEO Robin Fleming. The Govern-

ment has to reduce certain key areas in expenditure in order to maintain the physical target of 30 per cent that is GDP ratio and maintain

deficit which is lower than previous years. PNG’s economic growth is projected to average 2.8 per cent in 2016-2018, after 2016 projec-

tion was downgraded to 2.2per cent in July from 4.3 per cent projected in the 2016 budget. Source: PC, p21, 9/11/10

Treasury Minister Patrick Pruaitch gave assurance that the 2017 National Budget involved total revenue of K11.09 billion with expendi-

ture at K12.96 billion for an overall deficit of K1.88 billion. Source: PC, p7, 10/11/16

NOVEMBER 2016 Volume 2, Issue 11

Each month the APNGBC NEWSLETTER provides a summary of local media and issues that we consider relevant news to our members . These Media Reports do not necessarily reflect the views of members.

MEDIA SUMMARY

Page 9

AID—AUSTRALIA

Australia’s aid program has rehabilitated 290 kilometres of roads maintained in 12 provinces. The Australian aid program concentrated in

the 11 coastal provinces of Momase, Southern region and sections of the Highlands Highway in Eastern Highlands Province for road

maintenance and bridge replacement program. Papua New Guinea signed an agreement with Australia to further establish a platform for

the joint management support to address capacity gaps. Source: PC, p7, 1/11/16

An Australian engineer will be in the country to fix the radio therapy machine at Lae Cancer Unit that has been out of work for the past

two weeks. The servicing arrangement for the machine is being done by the Australia Government. Source: PC, p8, 27/10/16

The National Museum and Art Gallery (NMAG) bid farewell to five masterpieces on loan from the National Museum of Australia (NMA)

for an exhibition in Port Moresby. The five pieces featured together with other cultural objects on the Build on Culture Exhibition at the Art

Gallery. The objects left PNG in 1916 to be stored in Australia for safekeeping and scientific research. The recent exhibition was the

first time in almost 100 years that these artefacts have been in PNG and they represent an incredible record of PNG’s past. Source: PC,

p13, 27/10/16

Harwicks is a multi-services company,

with expertise in a range of disciplines.

Examples include:

Procurement & Logistics

Strategic Procurement exercises for

GoPNG Agencies.

Delivering outsourced procurement

for URS Australia with Strongim

Pipol Strongim Nesen (SPSN) in a

number of provinces.

Project Management:

Managing projects for the Royal

Papua New Guinea Constabulary

(RPNGC) under the Police

Modernization Program throughout

the nation.

Design:

Produced designs for the different

centres including

Mt. Hagen, Lae, Madang Police

Barracks for the Royal Papua New

Guinea Constabulary (RPNGC).

Harwicks Limited

P.O. Box 788 Gordons National Capital

MANUS REGIONAL PROCESSING CENTRE

Australia and US have reached a resettlement deal for asylum seekers held in

Papua New Guinea and Nauru. Under the agreement, the migrants there will

be assessed and the most vulnerable will be resettled in the US. About 1200

asylum seekers are being held in the asylum centres on Manus Island and

Nauru. Australia policy of sending migrants who arrive by boat to offshore fa-

cilities has been criticized. Announcing the deal with the US, Prime Minister

Malcolm Turnbull said the resettlement process would be gradual. Earlier this

year, Australia said it planned to shut the Manus Island asylum centre, al-

though a closing date has not been announced. Source: PC, p25, 14/11/16

More than K12 billion has been spent on services provided by PNG companies,

of this, more than K3 billion has been spent directly with landowner companies

as mentioned by managing director Andrew Barry. Source: PC, p19, 17/10/16

Progress and completion of Interoil’s US2.5 billion (K8.1b) ownership

transaction of its PNG interests to ExxonMobil are set to stall pending proper

determination of the actual value of its assets portfolio. This follows the findings

of a Canadian Court of Appeal Yukon of numerous deficiencies in disclosure to

shareholders, flawed corporate approval process for the proposed acquisition

and failure to meet fairness requirements for court approval. Source: PC, p21,

9/11/16

RESOURCES — GAS / MINING

PNG Air announced it will acquire five more brand new ATR72-600 aircrafts

from French manufacture ATR, the first of this batch to be delivered in 2019.

Source: PC, p25, 10/11/16

Qantas has commenced daily services between Port Moresby and Brisbane.

The Australian airline said in a statement this will provide customers improved

connections from Papua New Guinea and Brisbane. Source: PC, p24, 1/11/16

AVIATION

Volume 2, Issue 11 NOVEMBER 2016

Page 10

NOVEMBER 2016 Volume 2, Issue 11

Page 11

PNG PUBLIC HOLIDAYS 2016

Christmas Day Sunday, 25th December 2016 Boxing Day Monday 26th, December 2016 Tuesday 27th, December 2016 (in lieu of Christmas Day) APNGBC Office will be closed from Friday, 16th December 2016 to Sunday, 1st January. Office reopens Monday, 2nd January 2017.

Established in 1980 the Council is a non-profit association of Australia-based businesses with interests in Papua New Guinea. The management of the Council is vested under the constitution in an Executive Committee, headed by a President

and three Vice-Presidents, elected at an Annual General Meeting of members.

The Council’s goals are to advance the interest of Australia business in Papua New Guinea by:

1. increasing trade and investment between Australia and Papua New Guinea;

2. encouraging the further development and expansion of the Papua New Guinea economy;

representing Australian business interests to the Australian and Papua New Guinea governments;

providing a network of business people with shared interests in Papua New Guinea.

Australia Papua New Guinea Business Council PNG

PO Box 1621, Port Moresby NCD

Level 2, IPA Haus, Lawes Road, Konedobu

Phone: 321 0966/321 3057

Mobile: 7283 4313 Fax: 321 0566 Email: apngbc@global.net.pg

WHAT IS THE AUSTRALIA PAPUA NEW GUINEA BUSINESS

COUNCIL?

HOW DOES THE COUNCIL ACHIEVE ITS GOALS?

The Council advances Australian business interests in Papua New Guinea through:

the holding of trade, investment and information seminars on Papua New Guinea:

participation in regular bilateral Ministerial talks to discuss major policy issues of concern to Australian busi-

ness;

submissions to government on policy matters affecting Australian business interests in Papua New Guinea:

the receiving and sending of trade and investment delegations between Australia and Papua New Guinea:

dissemination to members of information on current economic, political and social developments in Papua New

Guinea:

Have you visited

our website? www.apngbc.org.pg

We have a monthly

newsletter posted on site

mid month

Nalini Nandanhallt Corporate Services Manager Australia Papua New Guinea Business Council (PNG) Tel: + 675 321 0966 Mobile: +675 7283 4313 Email: apngbc@apngbc.org.pg Naomi Stanley Accounts Administrator Tel :+675 321 8770 Mobile: + 675 725 76047 Email: nstanley@apngbc.org.pg

Volume 2, Issue 11

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