According to the Independent Consumer and Competition Commission (ICCC), there are still concerns with internet price regulation in the nation. Following consumer complaints over the costs of retail broadband internet services, the ICCC launched a preliminary investigation into the industry. Consumers were concerned that PNG DataCo Ltd price reducti...

Photo: The Maramuni Road at Maramuni Station James Marape claims that his government's trademark 'Connect PNG' program links rural Papua New Guinea like never before. He remarks when unveiling the K15 million 57-kilometre Maramuni Road, which connects Maramuni to Wabag, and launching the Enga-Sepik Highway, which would connect Maramuni to Karawari i...

Photo credit: Australian Infrastructure Financing Facility for the Pacific Australia will provide $158 million for repairs and refurbishments to Papua New Guinea's electricity and transportation networks under the Australian Infrastructure Financing Facility for the Pacific. A $86 million finance package for the Laitim Hauslain project to upgrade na...

Photo: Judah Waffi (Head of Special Projects – Nasfund) & Saliya Ranasinghe (CEFI Executive Director) The National Superannuation Fund (Nasfund) Limited signed a Memorandum of Understanding (MoU) with the Centre for Excellence in Financial Inclusion (CEFI) on March 31, 2022.  This MoU is a 12-month partnership between Nasfund and CEFI that enabl...

With a one-on-one meeting and bilateral discussions with President Widodo, James Marape ended his Official State Visit to Jakarta, the capital of the Republic of Indonesia. PM Marape has extended President Widodo an invitation to visit PNG later this year on behalf of the PNG government. He stated that the two nations' ties must now shift away from ...

Photo: Major Richard Elizah from the PNG Defence Force (left) receives Commissioner General’s Certificate of Excellence from Ambassador Joshua Kalinoe, who officiated at the PNG Expo2020 Pavilion Closing Dinner on behalf of the Minister for Foreign Affairs and International Trade, Hon. Soroi Eoe. Major Elizah is seconded from the PNGDF as Logistics Manage...

Photo: Credit Guarantee Corporation The Bank of Papua New Guinea has launched the Credit Guarantee Corporation to help sustain and increase the growth of the Small to medium enterprise (SME) sector. Small businesses in Papua New Guinea will now leverage on the Credit Guarantee Corporation (CGC) to grow their businesses. The Credit Guarantee Corporat...

Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative (EITI) Global Standard commences on Friday, April, 1st, 2022.  Head of the PNGEITI National Secretariat Mr. Lucas Alkan says the “validation” is intended to assess the impact EITI implementation has made in the country in terms of addressing s...

Photo: Downtown Port Moresby Lands and Physical Planning John Rosso was praised by Hon. James Marape. In Parliament, Rosso applauded the approval of the Strata Title Management Bill 2022, as well as associated legislation and amendments (March 23 2022). Because of a rising population and a lack of land, the bill permits people to acquire units and f...

Hon. Prime Minister James Marape says he wants Madang to become a pillar of Papua New Guinea's economy. He addressed this in front of hundreds of people at Walium Station in Usino-Bundi when announcing K100 million in financing for the Pacific Marine Industrial Zone (PMIZ). PM Marape said that hundreds of millions of kina for the PMIZ had been spent...

Photo: The Usino Junction along the Ramu Highway. To the left is Madang, to the right is Ramu Valley leading on to Markham Valley, and the road in the middle is to Ramu Nico. Hon. Prime Minister James Marape has announced that a K159 million contract for the Ramu Highway in Madang has been awarded, as well as a K43 million contract to expand the North ...

Timothy Masiu, the Papua New Guinea Minister for Information and Communications Technology, has welcomed the National Information and Communications Technology Authority's (NICTA) decision to give formal written consent on the transfer of license rights to Telstra as a result of Digicel Pacific's proposed acquisition, particularly on Digicel PNG Limited a...

The Centre for Excellence in Financial Inclusion (CEFI) has been certified by the National Training Council (NTC) to conduct Courses in Financial Literacy. At an official presentation on March 07, NTC presented CEFI its Certificate of Registration to conduct Training. NTC also presented CEFI ‘Accreditation of Courses’ Certificate that will allow CEF...

According to kina Bank's chief executive officer Greg Pawson, the Papua New Guinea economy would revive this year, with positive gross domestic product (GPD) growth. In Port Moresby, Pawson noted that the government's support for resource projects such as Papua LNG, as well as more to come, will bring foreign investment into the country over the next s...

Following the Independent Consumer and Competition Commission's decision to reject Kina Bank's bid to buy Westpac's interest in Westpac PNG Limited, Kina Bamk would no longer explore the Westpac purchase deal. According to Kina Bank CEO Greg Pawson, this is the case. Mr Pawson explained that one of the factors that made it difficult for Kina Bank in...

Hon. Prime Minister James Marape has announced the payment of K33.7 million to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela, consisting of K19.7 million in cash and K14 million in project component. The Mineral Resources Development Company was used to make the payment (MRDC). PDL 7 was one of a series of upst...