Commercial banks want the government to change the law to make it easier for land leases to be used as collateral for loans, but their plans are ill-timed as the wider problem of corruption in the Department of Lands remains unresolved and this latest plan could mean the legality of fraudulent leases like the Special Agriculture and Business Leases titles could not be challenged.
The banks have issued a report calling for the authenticity of titles issued by the Department of Lands to be protected so the leases can become bankable.

British think-tank Chatham House says Papua New Guinea could improve its international reputation and its forest governance by negotiating a forest partnership agreement with the European Union.
NORTHERN Governor Garry Juffa has warned companies and individuals planning to develop natural resources in the province to seek permission from the provincial government first.
A former governor of Papua New Guinea's East New Britain province, Francis Koimanrea, has urged the government to scrap the controversial Special Agricultural Business Lease system.