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PNG, China and Thailand sign deal for sugarcane business

AN agreement by Papua New Guinea, China and Thailand was signed in Port Moresby yesterday to develop an integrated agriculture business worth K3.4 billion in the Abau district of Central.
The project called Cocoland Sugar Development Ltd (CSDL) is a joint venture by the three countries and is expected to create 64,000 jobs for Papua New Guineans and bring in a total of K3.4 billion in export revenue every year after completion, a company spokesman said.
CSDL executive director Chalee Wanchai said that the project comprised four elements – sugarcane plantations of 156,000 hectares, sugar mill processing 3.6 million tonnes every year, infrastructures like ports, wharves and roads built and a power plant to produce clean and cheap electricity using by-products from the sugar mill.
“The sugar farm has already started and we are looking at investing US$500 million (K1.7bil) for phase 1, US$250 million (K842mil) each for phase 2 and 3, so it’s a US$1 billion (K3.4bil) project to be implemented over 10 years.”
Wanchai is also the executive director for Thailand-based sugar milling firm Mitr Kasetr Industry Company Limited (MKICL), a major partner in this project. Wanchai said for each phase, 52,000 hectares of sugar cane will be planted every three years starting this year until 2028 when a total of 156,000 hectares will have been planted.
“The sugar mill is the same, its 20,000 tonnes per day processing plant for each phase and after 10 years, it will be 60,000 tonnes per day.
“On the employment, we are looking at creating 65,000 direct employments and in terms of revenue, we are looking at generating around US$300 million (K1bil) from the first phase, another US$300 million (K1bil) when phase two comes in and another US$350 to US$400 million (K1.2bil-K1.35bil) from phase 3.
“So it’s around US$1 billion (K3.4bil injected annually into PNG economy and circulated every year which will add to PNG’s GDP,” Wanchai said.

source : https://www.thenational.com.pg/png-china-and-thailand-sign-deal-for-sugarcane-business/

Govt Commended For Backing Sugar Project

THE Government of Papua New Guinea should be commended and complimented for its support towards a trilateral agricultural project agreement between PNG, China and Thailand. This is according to Chinese Ambassador to PNG, Xue Bing.
Mr Xue said this at the signing ceremony between Kumul Agriculture Limited,
Cocoland Sugar 
Development of Thailand and Tianjin Machinery and Electrical Equipment of China. He was positive about what the project prornised for PNGuineans.
"Today's project will benefit the local people, as the minister has said and it will create many job opportunities".
He said the Chinese company from Tian Jing Machinery and Electrical Equipment Import and Export is very professional. Im sure it will do a good job in setting up the factory, and we hope to see early production of sugar,"
Mr Xue also congratulated the Cocoland sugar development for bringing their technology from Thailand to PNG.
Earlier, Mr Xue also congratulated the government on the successful hosting of APEC 2018 when they hosted President Xi Jinping.
"You know this was the first head of state visit from China to PNG, It achieved a lot of good results to bring benefits to the local people."
He thanked the government for giving a good reception to the president of China. "Although some reports say there was no declaration during APEC, it was failure. But as a matter of fact, it was not true. APEC meeting hosted by PNG was a huge success."
He also said people had different views and opinions on the world economy, especially on the reform of the WTO (world trade organisation) system.
"Of course the United States has its own opinions and China has our own opinion, and credit goes to Prime Minister Peter O'Neill for his strong leadership as Chairman of APEC".

source : https://postcourier.com.pg/govt-commended-backing-sugar-project/

Social Responsibility

          The main goal of Social Responsibility is to reduce the negative risks and create a positive both direct and indirect benefits from the business operations to society and environment. Therefore, most of businesses focus on the operational process to cover important of inside and outside issues in the organisation.Hence, there are major 7 issues namely; Corporate Governance, Fair Operation Practices, Human Rights, LabourPractices, Consumer Issue, Community Involvement and Development and The Environmental.
          Corporate Governance supports businesses to determine the objectives and goals including methods, processes and procedures for achieving its goal. Moreover, it covers the performance measurement which is beneficial to the businesses and fairly treated to stakeholders. It will direct the business to growth and stability simultaneously on service of the community, environment and the benefits of the society in those business operating.

          Fair Operating Practices means an importance in respect for law and rules of law on an ethical business operation with other organisationincluding the government, business partners, suppliers, contractors, customers, and competitors. Adherence to ethical standards, accuracy, honesty, transparency, equality and responsibility should be acceptance on examination which consists of the following issues :
           1. Fair competition
           2. Promoting social responsibility in value chain
           3. Respect for property rights
           4. Responsibility political involvement

          Human Rights. Here the organisation promotes and protects the rights and freedoms of individuals. The equal treatment and fundamental respect of human dignity, regardless of identity, origin, nationality, race, ethnicity, religion, language and social status. Awareness about other lives and caring for other's happiness or suffering as well as helping each other when facing problems in order to maintain credibility and trust in business relationship.

          Business practice is one of the important roles in showing social responsibility with respect to human values and human rights principles, both within the organization and outside the organization.

           Labor Practices defines respect and treatmentthe employees in accordance with work-related laws and ethics which all policies and operations related to workwithin the organisation, by the organisationor on behalf of the organisation. The most important part of business in the economic and social responsibility is to create jobs, pay wagesand compensationto contribute the justice, stability and peace in society.
Labor Practices considered as one of social responsibility which consists of the following issues:
          1. Respect for work rights according to human rights
          2. Protection of working conditions to employee
          3. Protection of health and safety at work

          Consumer Issues details responsibility to the quality of products and services for consumers that the organisationproduces, sellsandserves.

          In terms offair advertising and marketing by providing product information, customer relationship managing including respect the rights of customers to provide accurate information about the organisationproducts. Therefore, in terms ofproducts and services development that is beneficial to customer, social and environment, as well as minimisethe risks from the usage is considered as a social responsibility.

          Community involvement and development. According to the community and society who are related parties to the business operation, the organisationshould pay an attention on responsibility through participation in various aspects. Community development is defined not only charity donations but also promoting self-reliance of sustainable communities by participating in the development activities such as youth development, collaboration with local communities to improve the life quality, support resources for long-term development and environmental preservation.
           The Environment means realization of the consequences from business decisions and operations in the respect of resource consumption, business location, pollution and wastes including the impact of the organisation'soperations on natural habitats of plants and animals. Therefore, environmental management is one of social responsibility which consists of the following issues:
          1. Prevention of pollution 
          2. Sustainable resource use 
          3. Climate change mitigation and adaptation
          4. Protection of environment, biodiversity and restoration of natural habitat

Sustainable Development

Some people have ever heard about Sustainable Development, although it is still questionable the concept and background of sustainability. Mc Andrew and Partners is one of the organizations that attach an importance to this sustainable business and social investment both local and international, will story this interesting information for all readers.

Triple Bottom Line

          The Triple Bottom Line is a concept coined by John Elkington, originally developed from the Brundtland Commission of the United Nations in 1987, with an idea of people, planet, and profit.