The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) recently signed two loans to fund improvements to air services in PNG. Minister for Treasury Ian Ling-Stuckey and ADB Country Director for PNG David Hill participated in the signing ceremony. “This innovative program will help boost economic and social development in PNG,”...

Photo: PNG Chamber of Mines and Petroleum President Anthony Smaré addressing delegates at the opening of the 16th PNG Mining and Petroleum Investment Conference and Exhibition in Sydney, Australia. President of the PNG Chamber of Mines and Petroleum, Mr Anthony Smaré during the 16th PNG Mining and Petroleum Investment Conference and Exhibition, acknowl...

The Papua New Guinea Chamber of Mines and Petroleum has announced that it is considering a name change to PNG Chamber of Resource and Energy (PNG Core) to better reflect the change in the commodities produced by the sector in PNG. PNG Chamber of Mines and Petroleum President Anthony Smaré made this announcement during the 16th Mining and Petroleum Inve...

The Government will be advertising the position of Chief Executive Officer (CEO) for the Special Economic Zones Authority in the new year, 2023. Minister for Trade and International Relations Richard Maru announced this last week. Minister Maru said the position will be advertised globally as the government wants the best to develop the Special Economi...

Minister for International Trade and Investment, Hon Richard Maru led a team of experts from the Japan Development Institute (JDI) as well as local consultants on a tour to visit East Sepik Province especially on all proposed agricultural hubs on Friday last week. The team of experts were given a helicopter tour of the province starting at Wewak, over ...

Photo credit: NEA The National Energy Authority (NEA) will soon establish a new office complex following their groundbreaking ceremony in Port Moresby last Friday. The new office complex will be built at the cost of K150 million through a partnership between the National Energy Authority and the Australia New Guinea Services. Present to officiate th...

Opposition Leader Joseph Lelang stated that the 2023 Budget has not done enough to cover the Papua New Guinea economy against unfavorable global developments. Mr Lelang said the opposition sees that much of these adverse external developments since 2019 has contributed to shortages in foreign exchange, forced businesses to fold or streamline their oper...

Photo: Mayur Resources Managing Director, Mr Paul Mulder. Credit: Mayur Resources Facebook Page Mayur Resources Limited and Santos Ventures Pty Ltd (Santos), a subsidiary of Santos Limited, have extended their exclusivity arrangements to jointly develop a portfolio of nature-based carbon offset projects in Papua New Guinea (Carbon Projects). Mayur h...

The opening remarks by President Mr Anthony Smaré, paved the way for strong discussions on bilateral trade, development of the PNG economy, riding off the back of PNG’s trading partners in Australia and the Asian region, as well as a push for more direct investment in the resource and renewable energy sector. A sector that is of growing importance as the ...

The connect PNG program implemented by the government is said to be rejected by the people of Central Province. Governor for Central Province, Rufina Peter announced the issue and raised this concern in parliament last week. Governor Peter said the road project is essential but will have consequences faced by Central Province Communities such as land grab...

Minister for International Trade Relations & Investment and Member for Yangoru-Saussia Hon Richard Maru aims to deliver a development package to his people in the District of Yangoru-Saussia in East Sepik Province that would take the district forward to the next level in the coming five years. He explained the outcomes and focus involved and includ...

The people of East New Britain Province may see the redevelopment of the once iconic Rabaul town if the current Moratorium is reviewed next year. Prime Minister James Marape said this when responding questions raised by Rabaul MP Graham Piniau in parliament recently. Mr Piniau said the township of Rabaul still has a lot of potential to develop and brin...

The Shadow Minister for Treasury, Douglas Tomuriesa has that stressed that the Government’s Relief Assistance Package of K590 million is inadequate and translates to a mere of K65 per person, per year or a very meaningless of 18 Toea per day when divided by the 9 million people of PNG. He said that when highlighting the inefficiency of the Treasurer, I...

Photo: James Marape Prime Minister Hon. James Marape has reminded heads of Government departments and agencies to submit their annual reports by March 31, 2023, to show what they have achieved in 2022. Marape said that this would ensure timely and regular checks and balances on government departments and agencies. “All heads of Government departm...

One of the Country's biggest alcohol manufacturers and producers, Vitis Industries Ltd has appealed to the Marape-Rosso Government to review the decision made to increase alcohol tax to almost 500 per cent. Vitis Industries Ltd Managing Director Vicky Mossine said the tax increase will affect the business negatively and would eventually result in the d...

The new United States Embassy in Port Moresby was officially opened recently when Prime Minister James Marape and US Under Secretary of State for Management, Ambassador John Bass cut the ribbon into the new complex. US State Department said the $US250 million or over K800 million project is a symbol of their commitment to supporting democracy, prosperity ...