Photo credit: PNG PM Media Unit The formation of the Independent Commission Against Corruption (ICAC) is advancing, with the ICAC Appointments Committee convening for the second time this year in Port Moresby. Hon. Prime Minister David Cameron James Marape emphasized the urgent necessity for the government to combat the "disease of corruption" in th...

According to the New Ireland Chamber of Commerce and Industry, local jobs would be produced throughout the upgrading and refurbishing of ports around the nation, which will cost roughly K1.48 billion. Nolis Thomas, president of the Chamber, said the initiative might boost the province's export earnings. The Australian government has granted AU$580 m...

Papua New Guinea's economy is expected to grow by 5.4% in real term in 2022 following a muted recovery of 1.5% in 2021, according to National Budget estimates. According to BSP’s 2021 Quarter 4 Pacific Economic and Market Insight, the 2022 National Budget and the Asian Development Bank (ADB) estimate real GDP growth in 2021 at 1.5% and 1.3%, respective...

Stephen Mombi, the Acting Secretary of Agriculture and Livestock, complimented the European Union for sponsoring the EU-STREIT PNG Program, which focuses on the development of sustainable agri-food value chains in the Sepik area. Mr Mombi was presenting at a two-day Geographical Indication (GI) Awareness Conference recently hosted in Port Moresby by th...

The Autonomous Bougainville Government has signed a Memorandum of Agreement with a South Korean partner for investment prospects in Bougainville through its commercial arm (BIPCL). The Memorandum of Understanding with South Korean partners led by Mr Geun-Su Kim will result in the formation of a joint venture called BOU&KO Ltd, which will be certifi...

THE governments of Papua New Guinea and Australia have signed an agreement worth USD435 million (AD580 million or PNGK1.48 billion) for Australia’s funding of the refurbishment and upgrade of ports in PNG. The massive funding, to be executed through PNG Ports Corporation, is the biggest single investment by Australia in any sector and project in the hi...

Photo credit: PNG Chamber of Mines and Petroleum Parliament recently (January 19 2022) passed the Mineral Resources Development Company (MRDC) Ltd Authorisation (Amendment) Bill 2021, after it was introduced by Prime Minister Hon. James Marape. The Bill allows for governance procedures relating to appointment of directors on the MRDC board, and the ...

The New Britain Highway, which connects Kimbe in West New Britain with Kokopo in East New Britain, has been given a K138.5 million contract, according to James Marape. Cabinet authorised K1.4 billion for new road contracts around the country, including the New Britain Highway, last week. PM Marape stated this in Parliament in response to a query fro...

Hon. Prime Minister James Marape has announced the granting of new road contracts worth more than K1.4 billion across Papua New Guinea. He revealed the Cabinet decision in front of tens of thousands of people in rural Margarima, Hela. The K1.4 billion in road contracts are in addition to those already in place under the Marape Government's flagship ...

According to the Independent Consumer and Competition Commission (ICCC), wholesale price reductions in internet broadband services are not passed on to consumers. According to a statement, the telecommunications industry has undergone a progressive transition, with a number of internet service providers (ISP) now engaged in the retail end of the busine...

The Marape government is pushing for Papua New Guinean school graduates to be recruited and educated as construction welders and tradespeople. Hon. Prime Minister David Cameron Instead of introducing thousands of immigrants to do tasks that locals can accomplish, James Marape believes this should be done. He alluded to the PNG LNG Project's building...

At the World Expo 2020 in Dubai, Papua New Guinea's Department of Information and Communication Technology inked a memorandum of agreement with Estonian tech business Cybernectic. Steven Matainaho, Secretary of the Department of Information and Communication Technology, signed the MoU with Cybernectic's head of business development, Kevin Tammearu, whi...

Photo credit: Mayur Resources - Project Locations Mayur Resources Limited (ASX:MRL), via its 100% owned subsidiary Mayur Renewables PNG Limited (MR), has been granted its first forest carbon concessions in PNG, demonstrating material progress on its commitment to achieve “net zero” carbon emissions for its nation building import displacement projects, ...

Photo credit: Midday Dr Asif Iqbal, President of the Indian Economic Trade Organization, greeted HE Paulias Korni, High Commissioner of Papua New Guinea, and reiterated the two countries' commitment to a strong collaboration. In India, there is a lot of interest in Papua New Guinea, a country with a lot of potential for bilateral trade in oil, gas, and...

Photo: James Marape Prime Minister Hon. James Marape recently announced a Cabinet reshuffle with six portfolios being rotated. This is in the wake of Deputy Prime Minister and Commerce and Industry Minister Hon. Sam Basil and Defence Minister Hon. Solan Mirisim being restored back to full office by their respective leadership tribunals recently. ...

Photo Credit: PNGI Central  The Madang Chamber of Commerce and Industry (MCCI) has proposed a joint venture between the private sector and the government to build the Pacific Marine Industrial Zone (PMIZ) project in Madang. Kevin Murray, president of the Chamber, believes the project will be unlikely to be funded entirely by the government. In th...