Thanks again Airhead, but wouldn't it be quicker and easier to just list the flights that they are actually "Planning" to operate, as they will be far fewer! It appears the Annual Xmas travel "CHAOS" is going to so much more FUN this year than usual, cheers maus

Total departures has now reached 100.

Just waiting for the details of yesterdays hearing. Will post when received.

I have just been advised that at the hearing last week the Judge finally set a trial date of 11th and 12th January 2017 with a decision expected to be delivered within 2 weeks of the trial.

This is after PX moved their Notice of Motion to have the case heard by another Judge which was rejected

It appears that the end is near.

2 very senior C & T Captains on the Dash fleet, both SIM qualified, have pulled the pin in the last couple of weeks creating a major headache for PX.

Also due to the chronic shortage of Dash Captains and failure to recruit it is being reported that PX is approaching previously terminated Captains over 65 to return.

World's greatest HR manager must be gloating now.

Another nail in the coffin for working in PNG.

From the BSP (in part):

Contracts between residents in denominated in foreign currency including employment and other service payments must be approved by the Bank of Papua New Guinea. Unless exempted, all payments between residents must be settled in kina.
Accordingly, employers must settle employment & other entitlements including reimbursements with resident employees in kina and are not permitted to send remittances direct to the beneficiaries overseas account. Employers are encouraged to advise all of their resident employees to open a kina denominated account with a PNG deposit gathering institution, preferably Bank South Pacific by 15th December 2016.

Full document here http://jmp.sh/VLpvU7R

Country has been runnnng low on foreign exchange for quite some time. Must be getting close to crunch time.

ANG even have a few pages dedicated to the subject in its inflight magazine

http://http://airniuginiparadise.com/current-issue/

Page 114.

Mmm...looking at Reserve Bank statistics foreign reserves have declined by USD$700m this year, as at September. Trying to keep money in the country...smells like devaluation is just around the corner.


[quoted=olderairhead;9597347]Another nail in the coffin for working in PNG.

From the BSP (in part):

Contracts between residents in denominated in foreign currency including employment and other service payments must be approved by the Bank of Papua New Guinea. Unless exempted, all payments between residents must be settled in kina.
Accordingly, employers must settle employment & other entitlements including reimbursements with resident employees in kina and are not permitted to send remittances direct to the beneficiaries overseas account. Employers are encouraged to advise all of their resident employees to open a kina denominated account with a PNG deposit gathering institution, preferably Bank South Pacific by 15th December 2016.

Full document here http://jmp.sh/VLpvU7R[/quote]

Troppo

I know jack about Foreign exchange, but I'm guessing it is as simple as the country is not getting the money in that it thought it would get. The only thing it has to sell is its natural resources, and the prices of that has tanked.

Consider that it has recently paid for the Sth Pac games, the FIFA Womens U20 World Cup Soccer tournament, is presently budgeting for APEC in 2018, not to mention all the highways it has built, it is no wonder there is no Fourex.

Taxes are going up, but governments don't get much tack from someone who is on 3PGK an hour, so the if you are working there expect either direct or indirect taxes to affect you, and probably hard.



All simple I think, PNG is spending more than it is earning, it has to buy it overseas, it probably borrowed more than it should.....and with the price of natural resources being so low they have not enough foreign money left over to be able to pay salaries overseas.

Scary to think that Aviation revolves around the USD.

Just as an afterthought (and the reason for the edit)...so you have to be paid into a PNG bank account in PGK, so if you live OS, you have to pay the transfer fees, exchange rates, bank fees, so the salary with the airline this thread is about , drops even lower.

Do ANG still guarantee a set exchange rate for expats and make up the difference if the actual rate dips below it ?

The impacts of this ruling will have serious negative implications in other areas as well, particularly in areas where PNG doesn't have locally skilled professionals.

It's also interesting that the PNG government have signed off on dual citizenship recently for PNG nationals.

Metro Man

With regards ANG the only Contract guarantee is that if the exchange rate drops to .38c AUD it will be reviewed, but only once per year. Thus no stabilisation as such in what can only be seen as a very poorly thought out contract. (Hence the enormously high resignation rate).

With regards LINK, doesn't seem like anyone has seen a physical copy (written/electronic) but a Management Briefing states that salary will be fixed at .48c Aussie. Someone is thinking here!!

For those that get employed under the IAC Global Contract, you are not employed by ANG, your salary is paid by IAC in your countries currency (guessing AUD,).

773, that is probably oneway to get around it, but kinda sloppy, and tiresome when one has mortgage, car, loan payments, payments due when not at home.

However, a bigger issue is that if ANG is not exempt from the ruling, bank accounts need to be opened within 11 days!! Pity the guys on leave over the period.

The saddest fact is, is that this is a Govt announcement, ANG is the Govt Airline, and nothing has come from its HR/Payroll section as to what is going to happen.

It will be interesting to see what happens after the cut off date. Who is going to enforce this ruling, banks, companies, IRC or the Bank of PNG?

If this ruling is physically implemented, businesses in PNG who rely heavily on expatriates in their workforces are going to be seriously implicationed.

It's can be a major problem trying to TT money from PNG, especially if you have liabalities offshore. Additional to this you are limited to a maximum of K10,000 per day and K200,000 p/a that can be sent offshore without IRC approval. That only equates to about $82,0000 AUD at the current exchange rate.

As you rightly point out there are many ways of working around the problem, and if the benefits of working there outweighed the extra effort and inconvenience involved in these work arounds, you might tolerate it.

But the way things are working for ANG these days, (and please take my point that things are no longer anything like they were ten years ago), these inconvenient workarounds just make the whole exercise untenable.

With regards the latest posts regards the salary issue, it would seem that the pertinent word is "APPROVED".

Word coming back from others indicates that ANG is approved and the salary being banked offshore should remain the same.

Fingers are crossed, but thankful for those that asked the questions to the right people, it prob does not allay all fears, but it alleviates some of them, such as financial payments.

So, maybe ANG has unfairly become a subject of this issue....??

It would be wonderful if all the many other issues could be resolved so simply.

I'm happy to hear that for my friends still working at PX

When I worked there in 1994 PGK1 = AU$1.41

Same year I did my first OE and went looking for a job. Got off the PX A310 that was doing direct flights to Auckland. Less than a grand return from memory. Bougainville underpinned the PGK. Whilst Sandline may not have been politically or socially correct that was the value to the PNG economy at the time. I remember advertisements in the NZ herald for Iroquois pilots to fly 'combat missions' in support of this. A long time ago now.
Devaluation of the FJD$ cost me a good six figures and then some. But as reserve bank policy and in terms of foreign reserves I believe devaluation of the PGK is only a matter of time. It is still over valued and controlling/limiting foreign remittances is the same path RBF went down prior to devaluation of the FJD$. An Australian (?) Economist predicted that the PGK will fall to about $0.20 AUD$ about six months ago...realistically that is what it is (currently) worth. Good for oil, gas and mineral exports as more PGK will flow in, bad for importers and inflation will go through the roof for a couple of years until the PGK 'fixes itself'. The only dig I will have is that a 10 year oil and gas boom has been squandered...sure global oil and gas have **** themselves but the PGK should have appreciated in value but that's the pacific islands and melanesia

Hey wantoks, any updates? We hear the Christmas rush is becoming a bit of a logistical disaster with crew shortages and flight cancellations. Funny how that Christmas rush always creeps up on you, you never know when it will happen.....

I don't think most blokes give a **** anymore, just using up entitlements and collecting pay checks until the next job starts.

Yep work for PX has become a jobsearch allowance. Or if you are an Aussie Newstart