Papua New Guinea Financial News

United Nations resident coordinator dated Sunday, the acting director of the South Pacific island nation’s National Disaster Center said the landslide “buried more than 2000 people alive" and caused “major destruction."Estimates of the casualties have varied widely since the disaster occurred, and it was not immediately clear how officials arrived the number of people affected.Australia prepared on Monday to send aircraft and other equipment to help at the site of a deadly landslide in Papua New Guinea as overnight rains in the South Pacific nation’s mountainous interior raised fears that the tons of rubble that buried hundreds of villagers could become dangerously unstable.Australian Defense Minister Richard Marles said his officials have been talking with their Papua New Guinea counterparts since Friday, when a mountainside collapsed on Yambali village in Enga province, which the United Nations estimates killed 670 people. The remains of only six people had been recovered so far.“The exact nature of the support that we do provide will play out over the coming days," Marles told Australian Broadcasting Corp.“We’ve got obviously airlift capacity to get people there.

Also Read: UK polls: Rishi Sunak announces proposal of new National Service model for 18-year-oldsHowever, he added that the new estimated death toll was ‘not solid’ because it was based on the average size of the region's families per household.The UN agency's representative said that there are an estimated 150-plus houses now buried.

U.N. migration agency estimated on Sunday as rescue efforts continued. Media in the South Pacific nation north of Australia had previously estimated Friday's landslide had buried more than 300 people. The International Organization for Migration (IOM) said earlier on Sunday that only five bodies had been retrieved from the rubble.

Earthquake Today March 23: An earthquake of 6.9 magnitude struck a remote part of northern Papua New Guinea in the early hours of Sunday (local time), the United States Geological Survey (USGS) reported. The depth of the earthquake was measured at 35 km and the epicentre was 32 km east-north-east of the small settlement of Ambunti.

magnitude 6.0 earthquake hit Papua New Guinea early Thursday, about 65 kilometres southeast of the town of Kimbe, the United States Geological Survey said. The quake had a depth of approximately 50 kilometres (31 miles), and struck outside Kimbe, in the West New Britain region, at about 1:13 am (1513 GMT Wednesday), the USGS said.

There are so many crises raging around the world that you can ask why I have chosen to bring the one in Papua New Guinea (PNG) to your attention this fortnight. So let me tell you the reason upfront: It is an example of why hyper-diverse societies can end up in deep trouble unless they develop the necessary social capital needed to govern themselves. The post-colonial state was carved out of an arbitrary chunk of the Melanesian archipelago (the region comprising the easternmost stretches of Indonesia and islands northeast of Australia).

75th Republic Day, with six individuals receiving Padma Shri awards and one foreigner being honoured with a Padma Bhushan award. However, the list also featured recipients from non-resident Indian (NRI), person of Indian origin (PIO), and overseas citizenship of India categories. One foreign recipient was honoured with the Padma Vibhushan, while three foreigners, all of Indian origin, were bestowed with the Padma Bhushan.

Sydney: Papua New Guinea's prime minister declared a state of emergency on Thursday, suspending government and police officials after 16 people were killed in rioting in the Pacific island nation. A police and public sector protest on Wednesday over a pay cut that officials blamed on an administrative glitch descended into lawlessness. Television footage showed thousands of people in the streets of the capital Port Moresby, many of them carrying what appeared to be looted merchandise as black smoke billowed over the city.

The International Cricket Council's recent release unveiled a schedule comprising 55 matches to be played at various stadiums across the U.S., including Texas, New York, and Florida, from June 1-29.

Men's T20 World Cup, which is set to commence from June 1. While the opening match will be played between hosts USA and Canada, the ball will roll for the marquee clash between India and Pakistan on June 9 in Nassau County International Cricket Stadium in Long Island. Joint hosts West Indies will play Papua New Guinea in Guyana on the second day of group play. The tournament is divided into four groups of five teams each, with the top two teams from each group moving on to the Super Eight stage of the competition, which takes place before the knockout semifinals and final match. The group stage matches are scheduled between June 1 to June 18 and the Super 8 matches will be played from June 19 to June 24. The two semi finals will be played on June 26 and 27, while the final will be played in Barbados on June 29.

Uganda secured its place in a global cricket tournament for the first time Thursday after beating Rwanda in African qualifying for next year's T20 World Cup. The country of 50 million in East Africa got into the expanded 20-team competition, being co-hosted by the West Indies and the United States in June, at the expense of Zimbabwe — an established cricketing nation. Uganda defeated Zimbabwe by five wickets on Sunday for its first ever win over a Full Member team in a T20 international, and followed that up by dismissing Rwanda for 65 then reaching its target in 8.1 overs in Windhoek, Namibia. Namibia has also advanced through African qualifying to complete a lineup of teams that also contains Oman, Nepal, Papua New Guinea and Canada.

Papua New Guinea, the country based in Oceania, has triggered tsunami fears in the region. The weather agency of Japan said that it was assessing the risk posed towards its coastal belt. The volcano, Mount Ulawan, erupted at 3:30 pm local time (0630 GMT).

ALSO READ: Earthquake Today: Indonesia hit by 6.9 measure quake The quake was originally pegged at 5.5 magnitude, with a depth of 8 kilometers (4.97 miles), but later downgraded to a magnitude of 4.8 by EMSC, Reuters reported. Earlier on Friday, an earthquake of magnitude 5.7 struck Papua New Guinea region, the European-Mediterranean Seismological Centre (EMSC)said. The quake was at a depth of 10 kilometers (6.21 miles), EMSC said.

Small cap Mayur Resources is understood to have signed a term sheet with London-headquartered mining finance specialist Appian Capital Advisory, in a deal that is expected to finalise funding for its Central Lime Project in Papua New Guinea.

ICDS programme to improve the nutritional and health status of children in the age group 0-6 years, laying the foundation for proper psychological, physical and social development of the child. India is also leveraging technology under an ambitious Poshan Tracker for dynamic identification of underweight children, as also of stunting and wasting among them, and for last-mile tracking of nutrition service delivery. Even as India is making rapid progress on health, paradoxically the Global Hunger Index (GHI) has placed India among the bottom 15 ranks, at No.

Enforcement Directorate (ED) has claimed that the promoters of the Mahadev Book app made Rs 450 crore per month by offering illegal bets through a cache of online applications. In its prosecution complaint (PC), equivalent to a charge sheet, it said that a sizeable portion of the said amount has been invested in the Indian stock market through the Foreign Portfolio Investment (FPI) route. The ED, which has pegged the scam at over Rs 5,000 crore, has repeatedly summoned the main accused Sourabh Chandrakar and Ravi Uppal, even securing non-bailable warrants against them and writing to the nodal agency (the CBI) with a request to issue a Red Corner Notice against both.

An Australian online classifieds marketplace is beefing up its Asian footprint ahead of a potential ASX listing.

By Scott Murdoch

The carve-up of the Robert Oatley’s estate has begun, with his son Sandy Oatley taking control of the family’s sprawling winemaking operations, new accounts filed with the corporate regulator show.

Westpac will maintain a presence in the South Pacific after the federal government indicated it wants to see Australian companies playing a role in the region.

(Reuters) — Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory problems.