Search Results:

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page Minister for International Trade and Investment, Hon. Richard Maru has highly commended Prime Minister James Marape and the NEC for the very bold and visionary decision to set up a Mission in Thailand amongst the four new missions to be established by the Marape...

Papua New Guinea will observe its Golden Jubilee as an independent nation 5 years from now in the next term of parliament, and since the country gained its independence the election of the Prime Minister was mandated to the members of parliament, who at national elections were elected by their constituencies. That system is likely to change as there wi...

The Investment Promotion Authority (IPA) has assisted a small bee farming business in Simbu Province with bee keeping equipment to help boost its production capacity. Bussy Honey & Integrated Farming is a family business owned by Mr. Mek Degene and his wife Mrs. Matri Degene and located in Ainanimin Village in the Tabare LLG, Simbu Province.  The c...

Photo credit: Investment Promotion Authority  The Investment Promotion Authority (IPA) has signed a Memorandum of Understanding (MOU) with the Eastern Highlands Provincial Administration (EHPA). The MOU paves way for the Eastern Highlands Provincial Administration to deliver IPA services through the Help Desk to be established within the Commerce Di...

Photo credit: PNG Chamber of Mines and Petroleum - Dr Albert Mellam, PhD PNG Chamber of Mines and Petroleum today announced the departure of Dr Albert Mellam, PhD, as the Executive Director of the Chamber, having served in this role for the past 5 years.  Dr Mellam is the first Papua New Guinean and second Director to head this peak industry body in...

Photo credit: PNG Office of the Prime Minister Facebook Page Prime Minister Hon. James Marape announced recently (Wednesday, January 25, 2023) that Papua New Guinea will host the World Indigenous Business Forum (WIBF) in October this year, 2023. The WIBF is a forum where indigenous people from all over the world like the New Zealand Maoris, American...

Photo credit: PNG Office of the Prime Minister Facebook Page Prime Minister Hon. James Marape has welcomed passage of the landmark National Trade Bill 2023 by Parliament. The landmark bill, unanimously passed by Parliament last Thursday (January 19, 2023) after much debate, was introduced by Minister for International Trade and Investment Hon. Richa...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page A full feasibility study on the bilateral trade between Papua New Guinea (PNG) and Australia will commence at the beginning of next month. This was announced by the Minister for International Trade and Investment, Honourable Richard Maru ahead of a PNG Australia...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page The team of rice investors from the Republic of the Philippines who arrived on Monday have chosen Gabadi in the Kairuku District of Central Province as the most ideal location for large-scale rice investment in Papua New Guinea (PNG), under the nucleus estate c...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page Minister for International Trade and Investment, Hon. Richard Maru has invited Indonesia through its Ambassador to Papua New Guinea, His Excellency Adriana Supandy to host the first ever historical PNG-Indonesia Trade Meeting this year in Jayapura, Indonesia. ...

Photo: Minister for Trade and International Investment, Hon. Richard Maru Special Economic Zones are a launching pad for economic development in the country, and the current government has taken a decisive stance under the leadership of current Prime Minister James Marape by setting up and legislating 18 SEZs in 2019. This policy was the brainchild ...

The National Government continues to embark on prioritizing its "Connect PNG Economic Road Transport Infrastructure Development Programme 2020-2040" with its delivery target set for 2040. This means by 2040, PNG will have access to 100 per cent road connectivity, connecting more than six million people to massive services and economic opportunities. Th...

Photo: Simon Sia and PNG SME Corp Delegates As the Government has placed more emphasis on Micro, Small & Medium Enterprises (MSMEs) and Small & Medium-Sized Enterprises in the country, Eastern Highlands Province launched its SME policy over the festive period. Governor for Eastern Highlands Simon Sia and delegates from the PNG SME corporatio...

Photo: BSP Group GM for Corporate Banking, Peter Beswick “Business and consumer confidence continued to improve during the final quarter of 2022, with anecdotal evidence across a broad section of our retailers and hotel operators experiencing record pre and post-Christmas sales activity”, said BSP Group GM for Corporate Banking, Peter Beswick. In gi...

Photo: BSP Acting Group Chief Executive Officer Ronesh Dayal Papua New Guinea's economy through the course of 2022, has experienced higher levels of activity post the COVID-19 period. To maintain this shift in momentum, government needs to accelerate foreign direct investment (FDI) in 2023. According to the 2022 BSP Quarter 4 Pacific Economic and Ma...

Photo: Prime Ministers Albanese and Marape at Commander’s Beach at Moem Barracks in Wewak .- PM’s Office Media Prime Minister Hon. James Marape says for the first time in 47 years of Independence for Papua New Guinea from Australia, an Australian Government and Prime Minister are addressing all outstanding issues between both countries. He said this...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Minister for International Trade and Investment, Hon. Richard Maru welcomed Australian Government’s Commitment to work with Papua New Guinea on the development of Special Economic Zones (SEZs). Minister Maru in his meeting today with the Australian High Commissioner to PNG, H...

Photo credit: Papua New Guinea's Prime Minister James Marape and his Australian counterpart Anthony Albanese Australia's Prime Minister Anthony Albanese has announced plans to increase two-way trade with Papua New Guinea (PNG) in areas such as coffee, cocoa, fisheries, and tourism. In a speech to Parliament, Albanese stated that the Australian and PNG ...