Hon. Yoshihide Suga, Japan's Prime Minister, has stated that his country will support Papua New Guinea's electricity initiative, supply road building equipment, and assist with a 30-billion-yen (K1 billion) emergency loan. During a virtual online bilateral summit between the two leaders, he offered this promise. “As part of our cooperation, we will ...

Photo Credit: Post Courier  Since 2014, the Civil Aviation Development Investment Program (CADIP), which is conducted by the National Airports Corporation, has been giving the Vanimo airport in West Sepik Province a substantial facelift. Aside from the continuing new infrastructure projects at the airport, the construction of a new terminal building...

Chairman Sir Rabbie Namaliu of Kina Asset Management Ltd (KAML) said the company has halted its investment program in Australia until the impact on economic conditions is better understood. He informed the annual general meeting that Australia's reaction to the Covid-19 epidemic had been one of the most stringent in the world, involving international a...

According to Australian High Commissioner Jon Philp, Australia aims to provide high-quality infrastructure for PNG, generate employment, and upskill locals. His administration recently announced that it will invest K1.1 billion (US$300 million) to improve and repair all marine facilities owned and maintained by PNG Ports. In Port Moresby, Philp sign...

After the National Government authorized the transfer, the Autonomous Bougainville Government received K30 million in tax proceeds from the Internal Revenue Commission today. President Ishmael Toroama, members of his government, and the Bougainville Public Service received the award from IRC Commissioner-General Sam Koim. The K30 million comes from ...

The Internal Revenue Commision (IRC) and the government of East New Britain (ENB) have formed a partnership to work together on tax collection in the province. IRC commissioner-general Sam Koim and ENB administrator Wilson Matava signed a memorandum of agreement in Kokopo. ENB ranked third in terms of tax collection, but Matava and Koim believe ther...

Small and medium businesses (SMEs) have a significant role in economic growth, according to Prime Minister Hon. James Marape. When addressing the 3rd SME Business Breakfast on Friday (June 25, 2021) to commemorate the end of SME Week, he also praised local SMEs for hosting PNG SME Week at APEC Haus in Port Moresby from June 21 to 25. “Thank you (SME...

PNGEIT Commission Bill Technical Working Group Team Members from left; Eva Boas (Department of Personnel Management), Vanessa Asivo (Internal Revenue Commission) Channan Kumalau (Department of Petroleum) and Lois Stanley (Constitutional Law Reform Commission) at a consultation for the proposed bill mid-June in Port Moresby.    A proposed legislation to...

To ensure the success of PNG’s participation in Expo2020 in Dubai, UAE, the Prime Minister Hon. James Marape has tasked the Vice Minister Assisting him on Foreign Direct Investment (FDI) Hon. Richard Masere to provide political leadership, guidance and support. The World Expo is of substantial national interest to PNG, and the Prime Minister’s engagement ...

Photo Credit: RNZ / Johnny Blades Patrick Nisira, the Vice President of Bougainville, claimed that the province is economically sustainable enough to become an independent sovereign state. Nisira remarked this during the House of Representatives June session in Buka. He said that there have been complaints that the autonomous region must first achie...

Photo Credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape, MP, has officially opened the K66 million Bulolo Highway restoration project in Morobe Province. The Bulolo Highway, according to PM Marape, is a major route that will benefit the people of Bulolo and the Morobe Province because it is home t...

Photo Credit: South Pacific International Container Terminal Ltd In comparison to the first quarter of this year, revenue from customs taxes and excise has decreased in this quarter. In the first quarter of the fiscal year 2021, K890 million in taxes were collected. David Towe, the Commissioner of the PNG Customs Service, confirmed this. He did n...

Papua New Guinea’s food production company, Innovative Agro Industry (IAI) is the latest company to join the PNG Expo2020 team to tell our story. The company is the only fresh milk and dairy producer in country, and also invests in fresh vegetable production among many other projects, including the frozen potato chips brand; KUK. The Kuk name is tak...

Kina Bank's acquisition of Westpac's operations is awaiting clearance from the treasury and the ICCC. Kina Bank has submitted an application to BPNG to purchase Westpac Business, which has been referred to the Treasury for a final decision, according to BPNG assistant governor Ellison Pidik. He added that all relevant information about the purchase ...

Photo Credit: Air Niugini The Australian government has prolonged the ban of foreign arrivals into Cairns until the end of this month. This is in order to manage the possibility of incoming travellers subsequently testing positive for COVID-19 during their stay in quarantine facilities. As a result, flights from Papua New Guinea to Cairns have be...

Photo Credit: PNG Health Department   Through the COVAX facility, Papua New Guinea has acquired a further 146,000 doses of the AstraZeneca Covid-19 vaccine from New Zealand. Although testing is restricted, the true number of people affected is anticipated to be considerably higher. PNG has documented over 17,000 confirmed cases of the virus, the ...