Welcome to the Papua New Guinea Gossip - 24 Sep 1998. A very special welcome is extended to any new readers. If you have comments or suggestions to make then please e-mail them to firstname.lastname@example.org
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Remember that this mailing list is mainly meant for people who have an interest and already know a little bit about the people and geography of Papua New Guinea. The local PNG currency is called Kina.
If you are really keen on finding out what the Kina is worth a currency converter for most world currencies can be located at http://www.michie.net/pnginfo/moni.html
For those who are not so familiar with the geography of Papua New Guinea I suggest taking a look http://maps.expedia.com and then click on the find a map option. Go to this link for a quick start to a link to a map of Port Moresby. http://www.michie.net/pnginfo/pom-map.html
Also remember that the accuracy of the information in this newsletter should not be relied upon - it is, after all, a gossip newsletter.
* Commonwealth Games
PNG boxer, Lynch Ipera, has won a bronze medal at the recently completed Commonwealth games held in Malaysia.
Swimmer Leo Briggs has managed to finish fourth in the B final of the 100m freestyle. This is the best ever finish by a PNG team member placing him 12th in the Commonwealth.
PNG Soccer Players have been invited to become part of an all star Melanesian team under a development program aimed at exposing their talents by playing in European and South American countries.
PNG's leading yacht - API Karnevil - claimed second place in the performance handicap division at Hamilton Island in Australia recently. This result is the best ever by a PNG yacht.
Park Lane Real Estate has advertised the following residential accommodation based on a weekly rental.
- 3 bedroom town house K350
- 1 bedroom apartment K450
- 3 bedroom apartment K850
* Town area
- 2 bedroom apartment K500
- 2 bedroom unit K450
- 3 bedroom townhouse K850
- 3 bedroom house K400
- 4 bedroom house K1000
- 3 bedroom house K300
* Gordon 5
- 3 bedroom townhouse K500
- 2 bedroom townhouse K600
* Food Prices
- Kraft Cheddar cheese 250g K3.39
- Dolmio Traditional Spaghetti Sauce 575g K4.99
- Zenag eggs size 60 K3.60
- Heinz Baked Beans 425g K1.75
- Bushells Tea bags 100g K1.72
- Anchor Milk Powder 130g K1.29
- Flora Margarine 250g K1.99
* Interest Rates
The Bank of South Pacific is offering the following Interest Rates for Term Deposits on amounts of K500 to K100,000
FinCorp offer the following rates for Term Deposits on amounts from K10,000 to K100,000
- 1 - 3 months 9%
- 3 - 6 months 10%
- 6 - 12 months 10.5%
- 12 - 24 months 10.5%
- 1 month 16.50 was 18.5% two week ago
- 2 months 16.75 was 18.75%
- 3 months 18.00 was 19.0%
- 6 months 20.50 was 21.0%
- 1 year 22.5% same as two weeks ago.
The World Bank has told Bill Skate it will not deal with PNG if it does not get rid of former bank employee Dr Pirouz Hamidian-Rad who is currently employed as the country's chief economic adviser.
What will Mr Skate do forgo the employment contract or lose K200 million needed to rescue PNG's economy?
* 7 Million Kina Man.
The PNG Independent has said that Hamidian-Rad should be judged by his performance. He has specified that his K7 million will be paid locally in Kina. Does this mean he is confident of getting the economy turned around or has he allowed for inflation in his figures?
* Police (RPNGC)
The top Islands region policeman has urged his men to feel free to shoot armed criminals.
Police in Milne Bay seized a large consignment of marijuana from Goroka recently. A man has been arrested and charged.
* Aitape Disaster
Clayfield College in Brisbane (Australia) has sent condolence messages and donations. The donation of AUD $1,800 has already been used to purchase sewing machines and material which will be used to sew clothes for children in the care centres.
The National Broadcasting Commission's FM station at Aitape has been temporarily closed down due to transmitter problems. It has been nine weeks since the Tidal Wave.
* Hiri Hanenamo
Sibona Geita from Tubusereia has been crowned Miss Hiri Hanenamo for 1998.
* Morobe Tourism
Bart Philemon has said the following in a letter to the editor of the Independent newspaper. Tourism is now ranked worldwide as the biggest employer of people. In most countries it is the biggest foreign exchange earner. In spite of its obvious benefits to Papua New Guinea, we have been unable to make any headway so far in getting this industry developed. He went on to say that all the Morobe MP's will have to work together to promote tourism in the province.
* Air Niugini
The takeover of Air Niugini by Qantas is close. The PM will make an announcement on his return from USA.
The five highland provinces have been cut off from the outside world due to vandalism at a Telikom repeater station.
PNG media related sites
- Post Courier Newspaper -- http://www.postcourier.com.pg
- The National Online Newspaper-- http://www.thenational.com.pg
- Chin H Meen (Music) -- http://www.chmsupersound.com
- EM TV (Television) -- http://www.emtv.com.pg
- Hitron (Cable TV) -- http://www.hitron.com.pg
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