Issue #1- January 2021 Business News, Reviews And .
pportunityIssue #1- January 2021Business News, reviews and overviews from the IPAMD’s INBOXCL A R E N CE M H OOTManaging DirectorDear Readers and welcome to the first edition of the IPA’s Opportunity newsletter.Firstly, let me warmly welcome you all to 2021.The IPA started the year with a Ministerial visitto Buang, Bulolo in the Morobe Province together with the Deputy Prime Minister Hon.Sam Basil who is also the new Minister forCommerce and Industry. The visit more orless resulted in us developing what will formsome of our key work programs and prioritiesfor this year. Read more about this in our inside story.The key priorities for IPA in 2021 will mostlybe guided by the 2021 – 2023 IPA StrategicPlan as the roadmap of IPA activities after the2018-2020 Plan expired with 85% of its key activities achieved. The remaining 15% are thelegislative review work that will be deliveredunder the new Plan.Some of these activities include our ongoing work to have the Investment PromotionAmendment Bill to be tabled in Parliament.Other pieces of legislations review and workin progress include the revised AssociationsIncorporation Act, minor amendments to theCompanies Act and the Business Groups Actas well as the review of the Reserve Activities List under the Investment Promotion Act1992 Regulations.We will also have consultation withstakehold-ers on the review of the National InvestmentPolicy and the implementation of the PNGNational Intellectual Property Strategy whichwas recently approved by the National Executive Council in 2020.Apart from our usual work programs wewill continue supporting the Governmentthrough the relevant agencies in ensuringthat our services are responsive to the SMEagenda.From where I sit I can already see areas whereyou; our readers; will be called upon to givefeedback as part of our monitoring and evaluation on our work programs. Keep an eye outin the next issue when we bring you our M&Equestions which we’d appreciate and valueyour feedback on.All in all we welcome you to the new year andwe look forward to your usual cooperationgoing forward.Thank you and happy reading!!Clarence M. HootManaging DirectorIN THETips & TrapsEXPENSIVE WHEN YOU DON’T LODGE ANNUALRETURNS ON TIMEIt becomes an expensive exercise when youdo not lodge your company’s Annual Returnon time and decide to do so after a while.Here is an illustration of the above statement.If you own a company then you need to lodgeyour company’s Annual Returns each year.The fee to lodge an Annual Return is K300 ifyou lodge it over the counters or K250 if yougo online. If you miss a year of lodging yourReturns, you are liable of a fine of K1, 000. Thismeans that when you’re lodging your late Returns manually, you will pay a total of K1, 000plus the normal lodgment fee of K300, or ifyou go online it would be K1, 000 K250.For example, say your last Annual Return waslodged in 2010, and you wish to visit the IPAoffice to lodge your outstanding returns thisyear. Technically speaking, you will be lodging returns for 8 outstanding years (2010,2011, 2012, up till 2018). Therefore, your calculations will be; K1, 000 (annual penalty) x8 (years) K300 (lodgment fee) x 8 (years) K10, 400. 00.Companies can get deregistered if they do notfile their Annual Returns as late as 6 months. Ifthe company in the above example is de-registered and wishes to apply for reinstatementthen it will need to pay the K10, 400 plus a K3,000 administrative fee. The total payable forreinstatement would therefore be K13, 400.00. This excludes the costs of publishing thereinstatement notice in the media, which is arequirement of the reinstatement process.NEWSMinister for Commerce andIndustry urges forcontinuous dialoguebetween Ministry Agenciesand Lae ChamberDIt’s better to spend money on things thatwill grow your business then paying fines foravoidable circumstances.Hon Samuel H. Basil, MPDeputy Prime MinisterMinister for Commerce & Industryeputy Prime Ministerand Minister for Commerce and Industry Hon.Sam Basil wants to seeconsistent dialogue andengagementbetweentheAgenciesunderthe Ministry of Commerce and Industry andthe Lae Chamber ofCommerce and Industrymembers.In the first week of January 2021, theMinister was in his electorate accompanied bythe Heads of Commercial Statutory Agencieswithin the Commerce and Industry Ministryinclusive of IPA Managing Director Mr. Clarence Hoot and the IPA team. Other executivesContinue on to next page.INVESTMENT PROMOTION AUTHORITY Page 1
continued from previous page.that were part of the team included the ActingSecretary for the Department of Commerceand Industry Mr. Joseph Vutliu and heads ofIndustrial Centers Development Corporation,National Institute of Standards and IndustrialTechnology and SME Corporation.In a meet and greet event organized by theMinister to meet with Lae business community, Minister Basil said Lae was not just thesecond largest city in Papua New Guinea butis the industrial capital with many manufacturing companies and served as the main supplier of goods and services up the highlands,New Guinea Islands and other provinces.“Lae is the gateway through its main seaportand the largest and longest highway accessible by eight Highlands provinces,” he said. “Because of this, the Okuk or Highlands HighwayIN THENEWSManufactures or businesses who producegoods domestically for sale or export areencouraged to become members of the Manufacturers Council of PNG or MCPNG.The Manufacturers Council of Papua NewGuinea is a private sector organisation whichpromotes the manufacturing and downstream processing industry on behalf of itsmembers in the country. They work with theGovernment and external partners to provideplatforms that are conducive to efficient, effective and competitive value-added industries.The MCPNG is one of the key stakeholders ofthe IPA that is usually vocal on Governmentpolicy interventions within the industry.MCPNG Chief Executive Officer Mr. Chey Scovell in explaining their services and how theybenefit members says the Council gathers theconcerns and views of its members, and givesthem a clear, articulate and united voice in thevarious meetings and consultations.“We sit on boards and committees and carrythe voice of our membership,” he said. “Welobby government on regulatory reform,we work with them through the Executiveis dubbed as the economic lifeline,” he said.Minister Basil said Lae’s importance was going to reach new heights once the Wafi GolpuMining Project came onstream.“This is why I am encouraging, in fact demanding, the need for continuous dialogueand engagement between the CSAs undermy ministry and the executives and membersof the Lae Chamber of Commerce and Industry,” he said.“It is my role to ensure that new foreign investments continue to flow into Papua NewGuinea – not just in companies – but withnew money from outside.”Minister Basil told the businesses in Lae thathe has taken it upon himself to ensure thatpioneer companieswho have been providingservices and employment to families as wellas paying their taxes to the government aresupported, maintained and retained.As the new Minister for Commerce and Industry, being a Morobean MP and also a businessman in the province, Minister Basil expressedthe issue on the cost of doing business in PNGand pledged to look at ways of reducing thecost of all Public Utilities in the country.Minister Basil said he was ready to leadwithhis CSAsin making PNG a better businesshub and at the same time welcomed contributions and constructive criticismsfrom theprivate sector towards any industrial-relatedchallenges that the Government may haveoverlooked.Benefits of becoming members of theManufacturers Council of PNGand Legislature to draft policy reforms, wemaintain working networks with all of GoPNG’s partners (bilateral, MNDB, plurilateral)and feed the voice of our members to themdirectly,” Mr. Scovell added. “We protect ourmembers through our relentless work tomaintain a level playing field. All businessesoperating in PNG must be subject to the sameRule of Law.”In addition to giving voice to its members,the Council also promotes its members andpositions by using radio, print, tv and digitalmedia.Members who sign up with MCPNG also havethe benefit of using the “PNG Made” logo iftheir products meet the appropriate international standards.The PNGMADE logo is exclusive for MCPNGmembers only. According to Mr. Scovell,the logo is the most recognised and trustedtrademark in the country.“Surveys show that consumers believe thatgoods bearing the mark are safe and are ofequal or higher quality of imported goods,”he said. “Consumers associate the logo withnation building—local jobs.”The logo is the Intellectual Property (IP) ofthe Council, and its use is restricted to goodsmade by its members that meet the minimumvalue added criterial (consistent with WCO)which is presently at 30% value-added.The World Customs Organization (WCO) is anintergovernmental organization headquartered in Brussels, Belgium. The WCO is notedfor its work in areas covering the developmentof international conventions, instruments,and tools on topics such as commodity classification, valuation, rules of origin, collection ofcustoms revenue, supply chain security, international trade facilitation, customs enforcement activities, combating counterfeiting insupport of Intellectual Property Rights (IPR),drugs enforcement, illegal weapons trading,integrity promotion, and delivering sustainable capacity building to assist with customsreforms and modernization.Prospective members can contact the Council via email addresses, info@pngmade.comor chey@pngmade.com to obtain application forms and specific information about thecriteria to apply.INVESTMENT PROMOTION AUTHORITY Page 2
Office of Deputy Prime Minister& Ministry of Commerce and IndustryCOMMERCE AND INDUSTRYWAY AHEAD 2021Hon Samuel. H. Basil, MPDeputy Prime MinisterMinister for Commerce and IndustryLeader of United Labour Party &Member for BuloloMr Joseph Vutliua/SecretaryDepartment ofCommerceand IndustryTHE Deputy Prime Minister Hon Samuel HBasil recognizes that it is important for himto take the lead in economic matters to assistPrime Minister Hon James Marape and theMarape-Basil Government in this ‘new normal’ times. He has begun with briefings andconsultations with his own Department ofCommerce and Industry and the Commercial Statutory Authorities (DCISAs). Duringthe first week of January, he met for briefingswith key executives and officials of theDepartment of Commerce and Industry,Investment Promotion Authority, IndustrialCentres Development Corporation, SmallMr Clarence M HootManaging DirectorInvestment PromotionAuthorityMr Orry BeckerManaging DirectorIndustrial CentresDevelopmentCorporation/Special EconomicZones Authorityand Medium Enterprises Corporation, andNational Institute of Standards and IndustrialTechnology (NISIT) with his advisors and staffin Buang, Bulolo to ascertain a Way Ahead for2021.He also met with the National DevelopmentBank as well as the Kumul Petroleum HoldingsLimited in his capacity as the Prime Minister’sTrustee Delegate.In Lae, Hon Basil led the DCISA team andintroduced them to the Lae Chamber ofCommerce and Industry; Wafi Golphu JointMr Petrus RaldaManaging DirectorSmall and MediumEnterprisesCorporationMr Victor GabiDirector-GeneralNational Instituteof Standards andIndustrialTechnologyVenture developers; visited Lae IPA Officeand the Malahang Industrial Centre. He alsoofficiated/witnessed the MoU signingbetween the University of Technology andthe National Institute of Standards andIndustrial Technology, and ground breaking ceremony, at the Unitech campus for theconstruction of a radiation testing laboratory.This is an overview of the way ahead 2021record and outcomes from the Buangmeeting and consultations by Hon Samuel HBasil, MP EXECUTIVES of DCI and CSAs with Basil in Buang, Bulolo District to map Commerce and Industry Way Ahead 2021WELCOME to Year 2021 and all the potential itholds in store for us in business.As Deputy Prime Minister in charge ofeconomic matters, I will be working with allministers and departments, and other stakeholders involved in the economy of PapuaNew Guinea.This is important because as Minister forCommerce and Industry, and TrusteeDelegate for the Prime Minister, I am directlyresponsible for the following entities: Department of Commerce and Industry; Investment Promotion Authority; Industrial Centres and DevelopmentCorporation / Special Economic ZonesAuthority; Small and Medium EnterprisesCorporation; National Institute of Standards andIndustrial Technology; National Development Bank; and Kumul Petroleum Holdings Limited (asTrustee Delegate of the Prime Minister)Many, if not all, of these Government entities play leading roles in matters that arecross-cutting and cross-sectoral and requirecollaborative engagements including phasedgraduation to e-commerce platform toaddress commercial and industrial matters.Let me first address the three thematicchallenges I face and must address simultaneously as Deputy Prime Minister responsible for economic matters and as Ministerfor Commerce and Industry following thebriefings and discussions arising from theBuang Meeting.Thematic 1: Maintain in-flow of ForeignInvestments with New MoniesIt is my role to ensure that new foreigninvestments continue to flow into Papua NewGuinea constantly; not just in new companies – but with these new investors coming inwith new money from overseas; and the needto comply with best practice standards andindustrial technology. This in-flow will directly address our foreign exchange reservesand provide potential for businesses to expand, employment to increase, broaden taxbase, and overall increase in revenue.Thematic 2: Support, expand and grow thefaithful pioneer PNG-based companiesIt is also my responsibility to ensure thatpioneer, established companies; who havebeen providing goods and services, who haveand are continuing to provide THORITYAUTHORITY Page Page33continue on to next page.
continued from previous page.to many families, who pay taxes to our common national revenue for government goodsand services, who have been with us throughlean as well as prosperous times, are prioritysupported, maintained and retained in toughtimes, and assisted to expand, domesticallyand abroad. From these MSMEs to take their placealong many of the larger pioneer companiesand together be considered seriously,legislatively, to participate in businessopportunities from existing, and incoming, major project ventures. These includesmobilization of cash crop producersand traders into appropriate models ofcooperative societies to ensure sufficientvolumes to address economics of scale.governance approach like a commerce andindustry statutory authority ( CISA) which asMinister, I will be seriously looking at.My proposed CISA will be the overarchingadvisory and regulatory body comprised of,complementing the role of the Departmentof Commerce and Industry to oversee thevarious commercial services authorities andtheir specific roles within the three thematicareas.Given that the business world is highly competitive, this is a major ask and can be aserious, controversial juggling act. This callsfor a serious consideration for structuredDuring the first week of January, I have beenbriefed and noted DCISA potential, their lacksand challenges, and what must be done toenhance their capacity.Office of Deputy Prime Minister& Ministry of Commerce and IndustryThematic 3: Support and grow indigenousPNG entrepreneursAs a Papua New Guinean National Leader, Iam also obligated to ensure that indigenouspeople, whose ground zero is different fromnaturalized citizens and foreign investors,are assisted to graduate:Mr Joseph VutliuHon Samuel.H. Basil,MPFrom theinformalsector to the morea/SecretaryforDeputy Prime Ministermal sector where a 2017 Informal SectorDepartmentofMinister for Commerce and IndustryCommerceStudyReportby the DepartLeaderof UnitedLabourconductedParty &and IndustrymentforofCommunity Development indicatesMemberBulolothe K12 billion in circulation could bebrought into formal sector and directlycontribute to improved indicators in the PNGEconomy; From clearly defined and demarcatedmicro enterprises to small and mediumenterprises (MSMEs). An existing vehicle which can be utilized to mobilize andamalgamate these micro enterprises –individual and household agricultureproducers and cottage industries – is to mobilize them into cooperative societies toensure economics of scale in sales andcheaper wholesale purchases of equipmentand supplies.Mr Clarence M HootManaging DirectorInvestment PromotionAuthorityMr Orry BeckerManaging DirectorIndustrial CentresDevelopmentCorporation/Special EconomicZones AuthorityMr Petrus RaldaManaging DirectorSmall and MediumEnterprisesCorporationMr Victor GabiDirector-GeneralNational Instituteof Standards andIndustrialTechnology*ALL executives signed meeting record and outcomesbefore Basil.Let me assure you all with some emphatic statements arising from the Way Ahead 2021 Meeting in Buang: All Commercial Statutory Authorities led by Department of Commerce and Industry will work collaboratively and accountably undermy watch as Deputy Prime Minister and Minister for Commerce andIndustry; All executives have identified their Key Focus Areas and will identifyKey Results Areas which will be worked into their Key PerformanceIndicators (KPIs) which each executive will individually sign off on; I will oversee quarterly peer reviews of their KPIs with the first quarterly review scheduled for March before the April Session of Parliament; A Manufacturing Policy arising from wide consultations is a key deliverable to guide development of industries; This will also include the need for, and importance of, and drive todeliver on a standard, National Contents Plan including a national localization plan; The drive to finalise the Reserved Activities List with clear thresholdsbased on annual returns and an SME Policy with clarity on definitionsof various categories of enterprises from micro to medium will complement this National Contents Plan; The DCISAs recognize their roles and responsibility and will step upas responsible Government bodies to monitor, evaluate and proposeways of disbursing the SME funding if and when required to ensurebenefits are maximized, sustained, profitable and accountable. A thorough independent review and audit of the role of NationalDevelopment Bank with key recommendations will be undertaken;especially in consideration of the need for an additional commercialbank and the importance of effective and strategic channeling of gov-ernment concessional loans to successfully fund and develop MSMEs. A review of the cooperative societies policy and legislation focusing on appropriate model(s), relevance, buy-in inputs by the wider resource and economic sectors like forestry, fishery, agriculture including all the commodity boards, tourism and culture, performing arts aswell as wholesale and retailing needs to be addressed.Appreciating the successes and failures will define a way forward onthis. We also note and commit collectively to undertake a comprehensiveStudy of Supply and Value Chain of all industries in the country; DCISA also recognises the importance of the establishment of a Construction Industry Regulatory body with powers and teeth to enforcestandards and compliance issues and will collectively work towardsthis under my watch; We, collectively note that productivity and efficiency in DICSA outputs, requires Competency Based Programs and Capacity-Building forall institutions; And we commit to staff recruitment, training and clearcareer pathways backed by on-going improvements in entitlementsincluding housing.Continue on to next page.INVESTMENTINVESTMENT PROMOTIONPROMOTION AUTHORITYAUTHORITY PagePage
Minister to meet with Lae business commu-nity, Minister Basil said Lae was not just the second largest city in Papua New Guinea but is the industrial capital with many manufac-turing companies and served as the main sup - plier of goods and services up the highlands, New Guinea Islands and other provinces.
Page 1. Exported from Logos Bible Software, 11:24 AM December 17, 2020. HHFBC 2021 Chronological Bible Reading Plan Gen 1 January 1, 2021 –3 – January 2, 2021 Gen 4 7 Gen 8 January 3, 2021 –11 – January 4, 2021 Job 1 5 Job 6 January 5, 2021 –9 January 6, 2021 Job 10–
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Volume 5 Issue 1 January, 2020 January 1 January 6 January 12 January 15 January 15 January 20 January 28 Church Office Closed Women of the Church Meeting 11:00 am Vestry Meeting 11:30 am St. Jude’s Prayer Guild 11:00 am Outreach Committee Meeting 3:00 pm Church Office Closed for MLK Day Men’s Group Meeting 6:00 pm .
ILLINOIS REGISTER PUBLICATION SCHEDULE FOR 2018 Issue# Rules Due Date Date of Issue 1 December 26, 2017 January 5, 2018 2 January 2, 2018 January 12, 2018 3 January 8, 2018 January 19, 2018 4 January 16, 2018 January 26, 2018 . 107.340 Release of Clinical Records to Offenders and Authorized Attorneys (Transition Centers)
Classes Resume Last Day to Add a Course/Last day to submit an application for May degree Monday, January 18, 2021 Tuesday, January 19, 2021 Wednesday, January 20, 2021 Thursday, January 21, 2021 Friday, January 22, 2021 8:00 AM 9:00 AM 10:00 AM 11:00 AM 12:00 PM Martin Luther King's Birthday
Winter Break Begins/No Classes December 20 December 16 December 17 December 16 College Closed December 21 December 17 December 18 December 17 SPRING SEMESTER Spring Semester Begins : January 7, 2020 . January 5, 2021 : January 4, 2022 . January 4, 2023 : Martin Luther King Day/College Closed January 20 January 18 January 17 January 16
Volume 4, Issue 1 January, 2019 January 7 January 19 January 22 January 27 January 27 Women of the Church Meeting 11:00 am Sanctuary Cleaning 8:30 am Men’s Group Meeting 6:00 pm Children’s Clangy Collection Mutual Ministry Review 11:30 am Upcoming Events The late Robin Williams, a comedian and Episcopalian, had some interesting things to .
Jan 06, 2021 · Daily Report Wednesday, 6 January 2021 This report shows written answers and statements provided on 6 January 2021 and the information is correct at the time of publication (06:30 P.M., 06 January 2021). For the latest information on written questions and
