Search Results:

The mining and petroleum industries' continued drop in exploratory activity is a source of concern for the industry. Exploration activity has been declining and falling since 2019, with no obvious signs of recovery, although the sector remains confident that this will soon reverse. In his opening remarks at the 2021 Mining and Petroleum Conference y...

Papua New Guinea, according to James Marape, has never been an "uncertain area to invest." In Port Moresby, he said this while speaking digitally at the 2021 PNG Mining and Petroleum Conference & Exhibition in Brisbane. “We are an oil, gas and mining nation,” the Prime Minister said. “This is evident in the fact that quite a substantial part ...

According to James Marape, the 2022 Budget puts a greater emphasis on the health sector than ever before. He mentioned this during the opening of the K500 million, 300-bed Central Provincial Hospital for Central and Papua New Guineans in Bautama, Central. Roads, housing, power, and other infrastructure in the new Central City at Bautama, which is ad...

Photo credit: PM James Marape News Page - National Planning and Monitoring Minister Hon. Rainbo Paita in traditional dress during Budget debate. The K22 billion 2022 Budget, which was passed without opposition by Parliament recently, has been dubbed a "milestone budget" by James Marape. “This is a milestone budget because it is the first budget-prop...

Photo credit: PM James Marape News Page - Treasurer Ling-Stuckey tabling the 2022 Budget Prime Minister Hon. James Marape has welcomed the tabling of the record K22.175 billion 2022 Budget by Treasurer Ian Ling-Stuckey in Parliament. He said it would help Papua New Guinea on the path to economic recovery as well as support successful delivery of the...

Photo credit: PM Marape News Page - Works Minister Hon. Michael Nali introducing the Bill in Parliament. PRIME Minister Hon. James Marape has today welcomed the passage of the Connect PNG (Funding and Implementation Arrangements) Bill 2021. The Bill, passed with a vote of 78-5 by a largely unanimous House, will see to the actioning of the Marape Gov...

Photo credit: PNG World Expo 2020 -  Papua New Guinea Expo Deputy Commissioner General Mrs. Jacinta Warakai Manua receiving the award from Chairman of the International Chamber of Commerce and Secretary General of the Federation of UAE His Excellency Humaid Ben Salem and witnessed by CEO of the IBMC Financial Professional Group Mr. Sajith Kumar on the rig...

Photo credit: PM James Marape News Page Prime Minister Hon. James Marape says the Government has no “sinister motives” in holding back K66 million allocated by the Australian Government for maintenance of the rundown Bulolo Highway in Morobe. He said this in Parliament recently when asked by Morobe Governor and Deputy Pangu Pati leader, Hon. Ginson ...

Photo credit: The Centre for Excellence in Financial Inclusion - (left to right) Jack Walom (Chairman,Kada Poroman Micro Finance), Esther Mongea (Senior Operations Manager, People's Micro Bank), Saliya Ranasignhe (Executive Director CEFI), Daniel Faunt (General Manager-Retail, BSP), George Awap (Department-Financial Systems Development Department, Bank of...

Prime Minister Hon. James Marape stated in Parliament recently that vaccination is “not mandatory” for the people of Papua New Guinea. He said this in response to a petition to Government recently calling for no vaccination, no mandatory vaccination and for the Pandemic Act to be done away with. A debate then ensued with most MPs, including those in...

Photo credit: PM James Marape News Page - The Markham Bridge outside Lae Prime Minister Hon. James Marape says he is not deliberately delaying work on the Bulolo Highway, as claimed by former Bulolo MP Samson Napo and other critics. He said this after Napo, in a very-misleading and defamatory statement circulated on mainstream and social media, accu...

According to estimates provided by the Chinese Embassy, last year's trade volume between PNG and China totalled US$3.21 billion (about K11 billion). PNG's exports to China totalled US$2.29 billion (K7.85 billion), while imports from China totalled US$920 million (K3.1 billion), indicating a trade surplus. In order to boost bilateral commerce, the tw...

Recently in Port Moresby, the Department of Information and Communication Technology wrapped up a three-day National ICT Summit on a high note. The summit, according to DICT Secretary Steven Matainaho, was successful in gathering much-needed data that would educate and confirm existing government thinking and drive the formulation of suitable policies ...

Photo credit: RNZ - Mining Minister, Johnson Tuke  As a growing economy, the government of Papua New Guinea is open to international investment, with no limits on who may do business with them, but they must adhere to the country's rules. This is according to Johnson Tuke, the Mining Minister, who just signed a blanket Memorandum of Understanding (M...

Photo credit: PNG World Expo 2020 Papua New Guinea received the first state minister from the United Arab Emirates on the 10th of November at its pavilion in the world expo in Dubai. His Excellency Ahmed Al Sayegh, Minister of State and Chairman of Abu Dhabi Global Market (ADGM) graced the PNG pavilion with his presence as part of his expo pavilion ...

Photo credit: China Embassy in PNG - On 2 November, Chinese Ambassador Zeng Fanhua held a virtual meeting with Minister for State Enterprises William Duma. Both sides exchanged views on further deepening practical cooperation between China and PNG. The Chinese ambassador to PNG, Fanhua Zeng, said the process of hastening a free trade agreement between ...

Prime Minister James Marape has expressed his delight at the news that a four-year leadership dispute at the Securities Commission of Papua New Guinea has been settled. The commission is in charge of the organic capital market's growth and development. According to the PNG National Stock Exchange (PNGX) Markets Ltd, this has been a significant impedime...

Photo credit: Loop PNG -  Australian High Commissioner Jon Philp Over the next five years, Australia will expand its climate finance contribution to AU$2 billion (about K5.07 billion). According to the Australian High Commission, this represents an increase of AU$500 million (K1.2 billion) above its previous commitment of AU$1.5 billion (K3.8 billio...