The newly formed Papua New Guinea Parliamentary Election Committee has received the backing of the New Zealand Government in order to handle election-related concerns that arose during this election. This was said by Nanaia Mahuta, the minister of foreign affairs for New Zealand, at a news conference that both nations held in Port Moresby. In order ...

Prime Minister Hon. James Marape recently (September 13, 2022) announced 12 Vice-Ministerial allocations, in line with his Government’s focus on ‘Growing the Economy’ and ‘Strengthening Internal Security’. He made the announcements before he left for London to attend the funeral service of Queen Elizabeth II. Of the 12 Vice-Ministers, four will be d...

The economy in Papua New Guinea is forecast to expand by four percent in 2022, up from one percent in the previous year, according to the latest World Bank Economic Update, released recently. This return to growth following a sharp contraction of -3.5 percent in 2020 was mostly driven by strong performance in the non-extractive sector, with agriculture be...

Photo: PM Marape speaking during the launching of the K130 million Paga Hill Paradise project in Port Moresby Prime Minister Hon. James Marape has welcomed foreign investors into Papua New Guinea, as he launched the K130 million Paga Hill Paradise project in Port Moresby recently (September 8 2022). He said the 22-storey luxury apartments project, b...

Photo credit: The Statesmen According to India's High Commissioner Inbasekar Sundaramamurthi, Papua New Guinea exports to India five times more than India does to PNG. “This means the balance of trade is in (PNG’s) favour,” he said. According to Sundaramamurthi, India and PNG had bilateral trade of about $427 million (K1,471.13 million). Aroun...

According to International Trade and Investment Minister Richard Maru, the construction cost of the Pacific Marine Industrial Zone (PMIZ) project in Madang may be close to K1 billion. Maru stated that although the government had set out roughly K70 million for the project, it might not be sufficient. “We are going to make sure that PMIZ is going to ...

When Parliament convenes in October, it is anticipated that the National Trade Bill, which was approved by the National Executive Council in 2021, will be presented. The National Trade Office Bill aims to address the need for anchoring the government's trade policy role, removing redundancy and resource waste, and giving the newly established National ...

Prime Minister Hon James Marape recently addressed the importance of the partnership that the government and businesses can foster to discuss policy, financial barriers, technology and innovation so that growth in business can be accelerated.  He highlighted this during the Business Council of PNG's Back to Business Breakfast which was held on the 30th...

Photo: PM Marape and Health Minister Hon. Dr Lino Tom with members of the medical fraternity at the Medical Symposium recently Prime Minister Hon. James Marape recently (September 5 2022) announced a K42.7 billion health intervention programme for the next 10-15 years in Papua New Guinea. He made the announcement today (September 5 2022) when addres...

Photo: James Marape Prime Minister Hon. James Marape says fisheries must be put on the pedestal in Papua New Guinean as a major business for the country. He said this today (Tuesday September 6 2022) when addressing the Provincial Fisheries Conference in Port Moresby organised by the National Fisheries Authority (NFA). PM Marape challenged the NF...

Photo: PNGX Chairman Mr David Lawrence receives the Securities Commission of Papua New Guinea approval from Acting Chairman Mr Robert Salmon-Minak and Mr James Joshua PNGX, Papua New Guinea’s national stock exchange, has received formal reconfirmation of approval by the Securities Commission of Papua New Guinea to operate a stock exchange. The approval...

The Australian government has signed a new five-year deal with foreign fisheries agencies to address illegal fishing in the Pacific region including Papua New Guinea waters. This was revealed by Australian Foreign Affairs Minister Penny Wong in response to questions on illegal fishing. Wong, who was on a three-day visit, said that access to sovereignty...

August 30th commemorates 21 years since the 2001 Bougainville Peace Agreement (BPA) was signed between the Government of Papua New Guinea and the people of Bougainville to cease hostilities in the Bougainville Civil War. Bougainville President Ishmael Toroama said the BPA is a joint creation between the GoPNG and the Autonomous Bougainville Government,...

Photo: Minister Wong and PM Marape during their meeting in Port Moresby. Prime Minister Hon. James Marape recently (August 29 2022) welcomed Australian Foreign Affairs Minister Hon. Penny Wong to Papua New Guinea. He welcomed Minister Wong during a meeting with her and her delegation in his office in Port Moresby. PM Marape was accompanied by Min...

Prime Minister Hon. James Marape Hon. James Marape says “the story of our country is not bad” as many make it out to be. He said this today (August 31 2022) when welcoming the 2022 Mid-Year Economic and Fiscal Outlook (MYEFO) presented by Treasurer Ian Ling-Stuckey which highlighted the fact that the Papua New Guinea economy was on the rebound. PM M...

The Independent Consumer and Competition Commission has postponed the review of the coastal shipping industry until 2023. In a statement, ICCC Commissioner Paulus Ain said the review, which was started earlier this year to address issues with the market structure and efficiency of the coastal shipping industry, has been postponed until next year after ...