Dede Sophie

 PNG Prime Minister Hon. James Marape says he told Puma Energy bluntly in Singapore on Sunday (January 8, 2023) that he does not “tolerate the country being held to ransom”. He said this in Parliament on Tuesday (January 10, 2023) when answering a series of questions from Southern Highlands Governor Hon. William Powi in relation to the standoff between Puma and Bank of Papua New Guinea (BPNG) last Thursday (January 5, 2023) over foreign exchange (FX) issues that resulted in all Air Niugini flights being cancelled. The Prime Minister also informed Parliament that: • The country had K13 billion in foreign reserves at BPNG which was the highest ever since 1975, so lack of FX was not an issue; • Government had directed Kumul Petroleum Holdings Ltd and Mineral Resources Development Company to look at downstream processing of PNG oil and gas resources; and  • Puma had been directed to buy Kutubu crude oil from Southern Highlands from Santos in PNG Kina and be processed in-country at its Napa

The famous Italian Lancia brand is set for a relaunch by owners the Stellantis Group after for years having only one model, the supermini-sized Ypsilon, writes Brian Byrne. A new Ypsilon will be based on the Fiat 500 EV, and there will also be a new Delta compact electric model. A new flagship car for the brand is as yet un-named. A statement from the Lancia division of Stellantis says the brand’s cars will have the highest percentage of recycled content of any of the group’s other brands, which include Peugeot, Citroen and Opel as well as former Fiat Chrysler Auto makes. A first concept from the revitalised Lancia will be revealed in April. Lancia hasn’t sold in the UK and Ireland since 1991, when the brand ceased making RHD models..