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From the 3rd to the 8th of February 2022, James Marape, MP will make official trips to the People's Republic of China (PRC) and then to France from the 9th to the 13th of February 2022. The Prime Minister is visiting the PRC at President Xi Jinping's invitation to attend the Beijing Winter Olympics opening ceremony on February 4th. Apart from this sign...

Photo: Paga Hill Development Hon. Prime Minister James Marape has told the Papua New Guinean business community and international investors that the country's economy would continue to develop in the coming years, with even more growth expected in the next five years as significant national investment projects come online. The Prime Minister spoke r...

Papua New Guinea's Prime Minister, James Marape, claims his government is devoted to rural development. He remarked this while presiding at the opening of Siwi Utame Agro Technical High School and Siwi Utame Loop Road in Ponowi Village, Ialibu, Southern Highlands. Both are initiatives of the Governor of the Southern Highlands Province, Hon. With the...

The PNG Expo 2020 Pavilion in Dubai hosted a Business to Government (B2G) networking event in cooperation with IBMC Global, a Dubai-based investment firm, which drew interest from investors in tourism, information and communication technology (ICT), transportation, and wood trade. Investors from the UAE and India met and shared information on prospects...

PNG Minister for ICT Timothy Masiu and UAE Minister of State for Economic and Commercial Affairs Ahmed Ali Al Sayegh had a high-level discourse on trade and ICT in the UAE Ministry of Foreign Affairs and International Cooperation in Abu Dhabi recently. Minister Masiu informed Minister Al Sayegh that both PNG and the UAE have maintained cordial and frie...

His Excellency Mr Joshua Kalinoe, Papua New Guinea's Ambassador to Belgium and the EU and Commissioner General for Expo2020, has received multiple Letters of Interest from firms in the UAE and India who recently attended the B2G Economic Networking Forum in Dubai, United Arab Emirates. IBMC Global, a UAE-based investment firm, organized the Economic Fo...

Hon. Minister of Information and Communications Timothy Masiu, who was recently in Dubai to deliver the Keynote Address at the World Expo 2020 in the PNG Investment Forum themed "Eco-Tourism and Connectivity – Living in Balance with Nature," is pleased with the efforts of the lead Department of Foreign Affairs and Trade and the Management team of the PNG ...

Hon Timothy Masiu wants tourists and adventurers visiting Papua New Guinea to be able to experience a mix of modern and traditional PNG lifestyles, so that they can have a cold drink from the fridge, watch the news, and keep in touch with their loved ones even when they are on the most remote islands, hilltops, and valleys. Minister Masiu was addressin...

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...