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Photo: The PNG Cultural group after their performance at the Earth Stage at the Dubai World Expo. The Papua New Guinea traditional costumes and dances supported by PNG International reggae sensation Anslom Nakikus brought out the PNG colours and vibes at the Earth Stage in the Dubai world expo on Monday night. The event kick started the PNG week org...

Photo: Papua New Guinea Agriculture Minister John Simon during the Investment Forum held at the Almas Conference Center, Almas Tower, Dubai, UAE Papua New Guinea has the potential to become the meat bowl or supplier of quality beef meat to the world if we had international “friends” partnering with government and existing industry players to invest in ...

Photo: (Left) Minister for Agriculture and Livestock Honorable John Simon and Minister for Tourism Arts and Culture Honorable Isi Henry Leonard (right) with the Secretary General and Chairman of the UAE Chamber of Commerce and Industry His Excellency Humaid Ben Salem who officiated at the second part or the Roundtable Discussion on Education, Science and ...

According to James Marape, his government has made lending facilities available to SMEs through Bank South Pacific (BSP) and the National Development Bank (NDB). He said that the projected Credit Guarantee Corporation of PNG has yet to be established as a result of this. In Parliament, PM Marape stated this in response to a question from Yangoru-Sau...

The Internal Revenue Commission has inaugurated its 2022 annual work plan at the Revenue Haus in Port Moresby, with the subject "Building the basis of a robust, modern, and efficient tax administration by 2025." Commissioner General Sam Koim of the Internal Revenue Service (IRC) said 2021 would be a difficult year, but with the goal of making IRC a str...

The Independent Consumer and Competition Commission has awarded the Australian telecommunications giant Telstra Corporation Limited permission to proceed with its acquisition of Digicel PNG Limited. ICCC Commissioner and CEO Paulus Ain stated that while Telstra is one of Australia's four (4) major telecommunications companies, the ICCC has concluded th...

One of the most significant hurdles to economic growth and direct foreign investment on Bougainville is the absence of insurance coverage by insurance companies for enterprises. Insurance companies in Papua New Guinea have a language in their policies that expressly indicates that they will not cover enterprises operating on Bougainville. This polic...

Photo credit: ABG - President Toroama and Steamships MD By agreeing to comply with the rules of the Autonomous Bougainville Government on inbound investment, Steamships Trading Company has taken the first step toward regaining its previous properties in Bougainville. Before the firm returns to Bougainville, Managing Director Rupert Bray went in Toni...

Photo credit: Tech Pacific - PNG Treasurer Ling-Stuckey Concludes Negotiations with Testra CEO , Andy Penn  According to Treasurer Ian Ling-Stuckey, modernizing Papua New Guinea's telecommunications industry can assist the country's economy to evolve. Ling-Stuckey stated in discussions with Telstra chief executive officer Andy Penn in Melbourne earl...

According to Justin Ilakini, acting managing director of the National Fisheries Authority (NFA), the government needs favorable rules in place to entice vessels to fish in the country's fishing zones under the Papua New Guinea flag. According to Ilakini, this will boost the country's development of a viable fisheries industry. In recent years, he ad...

The Simbu Provincial Government has signed a K850,000 project agreement with the National Fisheries Authority to build a new training and office facility in Kundiawa. More than 23,000 inland fish farmers in the province will benefit from the facility's basic instruction on how to manage and expand their fish farms. The agreement will see NFA pay for...

Walter Schnaubelt, the country's new Civil Aviation Minister, is committed to improving the country's aviation industry. It is reported that the new minister is interested in knowing what hurdles and difficulties are being faced by the aviation sector participants so that they can adjust and improve within a short period of time, according to him. B...

Hon. ABG President Ishmael Toroama has urged the Panguna Landowners to collaborate with the government to ensure Bougainville's political and economic independence. President Toroama delivered this declaration today at the Panguna Chief Summit in Central Bougainville at Tunuru Catholic Parish. President Toroama stated that the moment has come for Bo...

Photo credit: Department of PM&NEC Marape was pleased with the overall conclusion of the visit, which re-establishes, confirms, and enhances PNG's strong ties with China. He said this following a historic Saturday evening virtual meeting with Chinese Premier Li Keqiang. The two Leaders reiterated and announced a considerable set of deliverables ...

According to Fisheries Minister Dr Lino Tom, the signing of the Trade Protocol Agreement for the export of Live Marine Products to the Chinese market was a success. Minister Tom expressed his delight, adding that the Fisheries Sector's trip to China with Prime Minister James Marape was a success. ''We successfully signed the Trade Protocol Agreement...

Photo: Commissioner-General Sam Koim According to Commissioner-General Sam Koim, the Internal Income Commission (IRC) expects to earn roughly K9.3 billion in tax revenue this year. In response to an inquiry, Koim stated that the IRC's income objective had been boosted by around K1.4 billion by the government. “Last year, we collected, in terms of ne...

“Announcements by investors in Papua New Guinea and the South Pacific has demonstrated a strong international investment intention that will lift economic activities for PNG and the South Pacific in 2022,” says BSP Group General Manager Corporate Bank, Peter Beswick. The rise in business confidence for the year 2022 is attributed to company investments...

According to James Marape, Papua New Guinea's "strategic position" in relation to Asia's main economies must be used by the country's business community and transformed into commercial possibilities, particularly in the field of food production and supply. The Prime Minister noted that the populations of the Philippines, China, and Indonesia are likely...