THE Spanish Government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain's public works minister Ana Pastor will fly to Panama, following a meeting between diplomats on Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $F3.03b.
GENERAL Motors (GM) has reported a fall in car sales in December in what was a disappointing month for US car makers. GM shares fell 2.4 per cent after it reported a 6.3 per cent fall in sales compared with December 2012. Ford and Chrysler both reported rising sales, but not the increases analysts were expecting.
THE chairman of the American Samoa Government shipyard authority has asked the governor's office to consider a fuel subsidy or cuts in fuel costs. David Robinson has made the request in an attempt to help the territory's longline tuna fleet, which makes a significant contribution to the shipyard's annual budget.
CIVIL servants in PNG will get 7.5 per cent pay increases annually for the next three years under an agreement signed last Friday. Two other agreements resulted from the extensive negotiations between the Department of Personnel Management (DPM) and the Public Employees Association (PEA) over the past five months, a senior government official said.