Port Moresby Chamber of Commerce and Industry Inc. (POMCCI) recently hosted the Price Waterhouse Coopers (PwC) PNG 3rd Family Business Survey (FBS), presented by Michael Collins Entrepreneurial and Private Business (EPB). The survey shed light on the dynamics of family businesses, their challenges, and strategies for building trust and sustainability. ...
ABG Acting Chief Secretary Kearnneth Nanei and the Managing Director of the Investment Promotion Authority (IPA), Clarence Hoot, met recently in Buka to discuss key priorities for the economic sector on Bougainville. Mr Nanei said this meeting was following an invitation from the ABG to discuss and consult on ABG's immediate intervention program to anc...
China is fast becoming Papua New Guinea’s most important trading partner, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru made this statement after his two-hour meeting with the Chinese Deputy Minister of Commerce, Mr. Tang Wenhong in Port Moresby recently. “We are determined to grow and deepen our relationshi...
The Minister for International Trade and Investment, Hon. Richard Maru in his bilateral meeting with the New Zealand Minister for Agriculture, Hunting and Fishing, Forestry, and Trade, Hon. Todd McClay in Auckland, said Papua New Guinea (PNG) and New Zealand needed to reset their relationship. Minister Maru proposed to Minister McClay that Governments of ...
Wantok Produce Managing Director, Dr. Pulotu Lautofa McCarthy is calling on the Government of Papua New Guinea (PNG) to seriously give priority to direct flights between PNG and New Zealand. Dr. McCarthy made this call when the Minister for International Trade and Investment, Hon. Richard Maru met with PNG diaspora and students in Auckland recently. Wa...
The Tainui Group Holdings which an indigenous-led business in New Zealand is keen to explore investment opportunities in Papua New Guinea (PNG). They expressed their interest to the Minister for International Trade and Investment, Hon. Richard Maru who met with their management team in Hamilton, New Zealand. In 1995, the Government of New Zealand compe...
The Asian Development Bank (ADB) reaffirmed its strong, long-term partnership with the Government of Papua New Guinea (PNG) during the wrap-up meeting of ADB’s Country Programming Mission. At the meeting co-chaired by ADB Country Director for PNG Said Zaidansyah, Department of National Planning and Monitoring Secretary Koney Samuel, and Department of ...
The Port Moresby Chamber of Commerce and Industry Inc. (POMCCI) recently organized a ‘Meet and Greet Networking Event’ with Australia’s new High Commissioner to Papua New Guinea, His Excellency John Feakes. The event took place on Tuesday, 16th April, at the Holiday Inn in Port Moresby, drawing participants from the Australia Trade and Investment Commi...
Papua New Guinea recently took a step further in addressing gun-related issues in the country through a state workshop supported by the United Nations (UN). Gun-related violence poses a significant threat to business operations, mostly in PNG’s provinces. To tackle this, a three-day National Workshop on Coordination Mechanism and Comprehensive National...
Blue Water is thrilled to announce the opening of bookings for its highly anticipated Less than Container Load (LCL) Consolidation Services, facilitating seamless connectivity between Australia and Papua New Guinea. This innovative service heralds a new era in cargo shipping, promising efficiency, and reliability. Blue Water's LCL Consolidation Service...
This decline is expected to persist due to lingering effects of January's civil unrest, resulting in continued pressure on business revenues and employment levels in the non-mineral private sector in the first half of 2024. The Bank's forecast for PNG's domestic growth in 2023 is a modest real GDP growth of 1.4 percent, a significant drop from the 5.2 ...
Bank of Papua New Guinea (BPNG) Governor, Ms. Elizabeth Genia, recently gave key insights into the nation's economic challenges against the backdrop of global economic projections. The Central Bank chief focused on the resilience of Papua New Guinea's private sector amid formidable challenges and crucial strategic shifts in policy. The private secto...
The Member for Vanimo Green, Hon. Belden Namah is seeking the support of the National Government to assist his District to develop the much talked about Vanimo Free Trade Zone (FTZ). The Vanimo FTZ has been on the drawing board over the last 20 years after been initiated by the former Sandaun Governor, Late John Tekwie. In response to Hon. Namah’s form...
Qantas has announced the launch of a new direct connection between Sydney and Port Moresby. The national carrier inaugurated its maiden service on 2 April, marking its first commercial passenger flight between the two cities in over five decades. Operating twice a week, the new service will be facilitated by Qantas’ Boeing 737 aircraft, effectively add...
Economic growth in the Pacific is projected to moderate in 2024 before picking up in 2025, according to the Asian Development Outlook (ADO) April 2024, ADB’s flagship economic publication, released today. The Pacific economies expanded by an average of 3.5% in 2023 as business activity resumed in earnest after the COVID-19 pandemic. Growth of 3.3% is p...
The European Union has taken a significant step towards fostering sustainable development in Papua New Guinea (PNG) with the launch of the 2024 (Neighborhood, Development, and International Cooperation Instrument) NDICI Civil Society Organizations and NDICI Human Rights program. This initiative invites both civil society organizations and international...
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