Photo credit: Loop PNG - Clarence Hoot   The Investment Promotion Authority will be reviewing its Strategic Plan 2021-2023 as the plan is halfway into its implementation timeframe. Investment Promotion Authority managing director Clarence Hoot in IPA’s fifth edition of Opportunity newsletter, said IPA is reviewing the plan to assess how much of it h...

Photo: EMPNG volunteer program CSR:  It once meant a big company handing over large sums of cash in the hope (or more usually, on the condition) of getting something in return, but today it means a whole lot more.  Today it is about the social licence to operate and also a necessity if we are to meet net zero by 2050.  Today’s global society is identif...

Ony 12 per cent of Papua New Guinea’s population has access to internet, making it one of the lowest rates in the world, an expert says. Deloitte PNG director of consulting, Alberto Cimas said this was according to the latest available data on internet users in the country which showed that they did do not have full or continuous internet access. “I...

Photo credit: Air Niugini Facebook page Air Niugini has advised the travelling public that effective from 06th August 2022, the airline will resume direct services to Honiara, Solomon Islands and Nadi, Fiji. The resumption of services has been made possible by the relaxing of border restrictions in the two countries, and flights will initially opera...

Photo credit:  ASIA-Pacific Economic Cooperation (Apec) countries and PNG’s trading partners have been invited to invest in the Ihu Special Economic Zone (ISEZ) in Kikori, Gulf, an official says. Department of Foreign Affairs and International Trade secretary Elias Rahuromo Wohengu said the ISEZ concept began during the Apec Leaders’ Summit in 2018 ...

Photo credit: National Airports Corporation Papua New Guinea Facebook Page The key partners in the Civil Aviation Development Investment Program (CADIP) in Papua New Guinea have signed a Memorandum of Understanding (MoU) for the Phase-2 of CADIP. The National Airports Corporation, Asian Development Bank ADB in the Pacific, Department of National Pla...

To create an enabling environment including farm-to-market roads to support cocoa, vanilla and fisheries farmers in the Greater Sepik Region, the ILO under EU Funded UN Joint STREIT PNG Programme, has recently engaged three local contractors to commence rehabilitation and specific maintenance of four farm-to-market access roads totalling 52.1 km in the Se...

Richard Sinamoi, the chairman of Credit Corporation, says they intend to list on the Australian Securities Exchange Ltd. (ASX). Sinamoi stated that it was in the plans for the upcoming three to five years during the company's annual general meeting last week. “Of particular importance is that following the board’s strategic review in Full-year (FY21...

Photo credit: Laga Industries Paradise Company Chairman, Mr. Anthony Smaré was in Lae to open the new Laga Industries Ltd. Administration offices during the Board of Directors meeting being held in Lae. The purpose-built building accommodates all the Finance, HR and IT teams in a modern facility including visitor and meeting rooms. The previous admi...

In addition to other topics, Papua New Guinea will speak at the second United Nations Oceans Conference in Lisbon, Portugal, about the recently authorised Global Climate Fund component. Other issues PNG will bring up include the passing and implementation of maritime transportation legislation, particularly the usage of the Jomard Passage by large vess...

According to Reg Monagi, chairman of Nambawan Super Ltd (NSL), global inflation is increasing swiftly and rising living expenses. It was one of the difficulties experienced this year, according to Monagi, who spoke at the NSL employers' conference in Port Moresby. “The global market has been volatile as (it) reacts to the Ukraine-Russia conflict, re...

Photo credit: Papua New Guinea Today The National Agriculture Quarantine and Inspection Authority has launched its 10-year biosecurity policy 2022-2032, the first for the authority and the country since Independence. The policy will put an emphasis on easing trade inside the nation while also addressing the problems and difficulties the nation faces...

Photo: Stefano Mocci, Country Manager for the World Bank in Papua New Guinea The World Bank’s Board of Executive Directors has approved three new projects with a combined commitment of over US$200 million (PGK722 million). The projects will support Papua New Guinean communities through major upgrades to key roads, tackling malnutrition and stunting, an...

Photo: Mr Lucas Alkan The PNG economy stands to make a quick recovery and growth can pick up this year if the Government acts early to facilitate recovery in a fragile environment as the country slowly recovers from the Covid 19 challenges, according to the PNG EITI. Head of the PNG Extractive Industry Industries Transparency Initiative Mr Lucas Alk...

Photo credit: PNG Haus Bung The National Airports Corporation has inked an agreement with the Port Moresby Technical College to provide students with job opportunities. The MoU is the first of its sort for NAC with a national training institute, according to managing director Rex Kiponge. He stated that NAC and Port Moresby Technical College will...

The funding will be used to rehabilitate six of the 15 ports in Daru, Kavieng, Kimbe, Lae, Lorengau,   Oro Bay and highlands Inland Freight Hub.