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On October 16th & 17th, 2023, Papua New Guinea will take center stage at the inaugural Papua New Guinea–Asia Investment Conference in Hong Kong, organized by the PNG Chamber of Mines and Petroleum with support of, and in partnership with, the National Government. PNG Chamber of Mines and Petroleum (“the Chamber”) President Anthony Smarè made these ...

Papua New Guinea's recently launched Medium Term Development Plan IV (MTDP 4) has been described as ambitious by the World Bank, stating that a developing economy like PNG needs a clear plan to address issues and grow the economy. MTDP 4 stands as the roadmap for the Marape-Rosso Government in pursuit of its ambitious development agenda to incorporate ...

In starting a new era that has been proposed to see inclusive growth, the Papua New Guinea Government is planning to increase its economic incentives, according to its newly-released Medium Term Development Plan IV 2023–2027. The plan envisions a “strategic shift” in budget allocations based on 12 specific priority areas of the government that is poise...

With just under six weeks to the start of the inaugural Community Affairs and National Content Conference and Expo (CANCONEX), Landowner Groups and Landowner companies are being encouraged to ensure they register their participation. When providing an update on preparations for CANCONEX2023, PNG Chamber of Mines and Petroleum President Anthony Smarè en...

PT Citilink, an Indonesia airline will now commence flights to and from Port Moresby and Indonesia. Minister for Transport & Civil Aviation Walter Schnaubelt confirmed this in a media statement last week. PT Citilink Indonesia has met all requirements under the PNG Civil Aviation Act as a foreign air operator to commence flights to and from Port...

The Asian Development Bank (ADB) and the governments of Australia and Papua New Guinea recently commissioned the Alotau Wharf as part of the cofinanced Building Resilience to Climate Change in Papua New Guinea (PNG) project, which has upgraded Alotau Wharf to improve safety and make it less vulnerable to climate change. Papua New Guinea’s Deputy Prime ...

Prime Minister Hon. James Marape has issued a directive recently, (Sunday, July 9, 2023) mandating all Government departments and agencies to align themselves with the Medium-Term Development Plan (MTDP) IV (2023-2027), which was launched on Friday, July 7, 2023. Under the directive, Prime Minister Marape stressed the importance of immediate action and...

Prime Minister Hon. James Marape recently announced the inaugural Papua New Guinea-Asia Investment Conference, scheduled to take place in Hong Kong on October 16-17, 2023. The conference will be hosted by the PNG Chamber of Mines and Petroleum (PNGCMP) and will serve as a platform for government and business representatives from China and other parts of A...

Prime Minister Hon. James Marape expressed his utmost satisfaction with the State Visit of Indonesian President H.E. Joko Widodo to Papua New Guinea on Wednesday, July 5, 2023, describing it as a “resounding success.” Prime Minister Marape recently (Thursday, July 6, 2023) highlighted the significant achievements resulting from President Widodo’s visit...

Air Niugini, has recently signed an agreement with Rolls Royce in the United Kingdom (UK) for its Trent 1000 engine, chosen for the airline's Boeing 787 Dreamliner order. According to Air Niugini's acting chief executive officer Gary Seddon, this decision showcases the airline's dedication to operational efficiency, reliability, and environmental sustaina...

Transparency International PNG (TIPNG) held its Annual General Meeting last Friday (30 June 2023) at the Holiday Inn, Port Moresby to present its annual report for the year 2022 to its members. The 2022 Financial Statements for TIPNG were presented to the members at the AGM. Once again, the organization returned an unqualified audit which was conducted...

Prime Minister Hon. James Marape extends his heartfelt appreciation to Indonesian President H.E. Joko Widodo for his immensely successful one-day visit to Papua New Guinea on Wednesday, July 5, 2023. The visit resulted in several significant accomplishments and outcomes. Reflecting on the visit as President Widodo departed Port Moresby, Prime Minister ...

Minister for International Trade and Investment, Hon. Richard Maru, today called on all Papua New Guinea (PNG) companies who are listed in other countries to list on PNG National Stock Exchange (PNGX) to boost market credibility and improve investor confidence. “The existing law of Capital Market Act 2015 under Section 116(3) requires an approval from ...

The current Government’s effort to reform the operations of State-Owned Enterprises (SOE) in the extractive sector is to enhance transparency and install good governance. The intention is for the extractive sector SOEs to take a proactive approach to information disclosure and increase transparency. The intention is also for SOEs to disclose to the ...

Prime Minister Hon. James Marape is calling upon the people of Papua New Guinea to unite behind National Capital District Governor Hon. Powes Parkop in his endeavor to elevate Port Moresby to the status of ‘the best city in the Pacific’. Emphasising the importance of mutual respect and community engagement, the Prime Minister addressed the crowd gathered ...

Prime Minister Hon. James Marape expressed his confidence that the Papua New Guinea economy is on the brink of an unprecedented surge, fueled by the advancement of major resource projects within the country. He emphasised that this remarkable economic expansion will inevitably foster the growth of the micro, small, and medium enterprises (MSME) sector. ...

As a follow up from the agreement signed between the Ministry of International Trade and Investment and Kumul Petroleum Holdings Limited earlier this year, the management of the Ihu SEZ have now also signed an MOU with KPHL. Wapu Sonk, Managing Director of Kumul Petroleum Holdings said, “KPHL is happy to collaborate with the Ihu SEZ Development Company...

The Special Parliamentary Committee on Public Service Reform and Service Delivery has recommended the immediate update of the government payroll system to counter abuse and misuse of funds. Governor for Northern Province Garry Juffa said the last update of the government's payroll system was back in 2002, and without continuous updating the system has ...