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To ensure the success of PNG’s participation in Expo2020 in Dubai, UAE, the Prime Minister Hon. James Marape has tasked the Vice Minister Assisting him on Foreign Direct Investment (FDI) Hon. Richard Masere to provide political leadership, guidance and support. The World Expo is of substantial national interest to PNG, and the Prime Minister’s engagement ...

Photo Credit: RNZ / Johnny Blades Patrick Nisira, the Vice President of Bougainville, claimed that the province is economically sustainable enough to become an independent sovereign state. Nisira remarked this during the House of Representatives June session in Buka. He said that there have been complaints that the autonomous region must first achie...

Photo Credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape, MP, has officially opened the K66 million Bulolo Highway restoration project in Morobe Province. The Bulolo Highway, according to PM Marape, is a major route that will benefit the people of Bulolo and the Morobe Province because it is home t...

Photo Credit: South Pacific International Container Terminal Ltd In comparison to the first quarter of this year, revenue from customs taxes and excise has decreased in this quarter. In the first quarter of the fiscal year 2021, K890 million in taxes were collected. David Towe, the Commissioner of the PNG Customs Service, confirmed this. He did n...

Papua New Guinea’s food production company, Innovative Agro Industry (IAI) is the latest company to join the PNG Expo2020 team to tell our story. The company is the only fresh milk and dairy producer in country, and also invests in fresh vegetable production among many other projects, including the frozen potato chips brand; KUK. The Kuk name is tak...

Kina Bank's acquisition of Westpac's operations is awaiting clearance from the treasury and the ICCC. Kina Bank has submitted an application to BPNG to purchase Westpac Business, which has been referred to the Treasury for a final decision, according to BPNG assistant governor Ellison Pidik. He added that all relevant information about the purchase ...

Photo Credit: Air Niugini The Australian government has prolonged the ban of foreign arrivals into Cairns until the end of this month. This is in order to manage the possibility of incoming travellers subsequently testing positive for COVID-19 during their stay in quarantine facilities. As a result, flights from Papua New Guinea to Cairns have be...

Photo Credit: PNG Health Department   Through the COVAX facility, Papua New Guinea has acquired a further 146,000 doses of the AstraZeneca Covid-19 vaccine from New Zealand. Although testing is restricted, the true number of people affected is anticipated to be considerably higher. PNG has documented over 17,000 confirmed cases of the virus, the ...

The Papua New Guinea intellectual property (IP) policy has been adopted by the National Executive Council for incorporation into national development efforts. The goal, according to Deputy Prime Minister and Commerce and Industry Minister Sam Basil, is to benefit the people by enabling and promoting increased use of the IP system. “These benefits will ...

According to the National Gaming and Control Board, the gaming industry's income may rise from K30 million to K20 billion. During the new board's swearing-in ceremony, Imelda Agon, the board's chief executive officer, stated that the gaming industry's goals included wealth development through tourism. “This is really good for the country and a lot o...

The Papua New Guinea National Research Institute (PNG NRI) recently unveiled its Strategic Plan 2021-2030 and Corporate Plan 2021-23. Wesley Raminai, Minister of Higher Education, Research, Science and Technology, and Sports, officially introduced the two publications. Minister Raminai said, “The PNG NRI is Papua New Guinea’s leading think tank on p...

Photo Credit: Dev Policy Blog - President of the Autonomous Region of Bougainville, Hon. Ishmael Toroama   President Ishmael Toroama of Bougainville has selected September 1, 2025, as the tentative date for the Autonomous Region of Bougainville to declare independence. The Bougainville perspective had been submitted in the Kokopo consultation, wh...

Photo Credit: Helifix Papua New Guinea  The Fly River Provincial Government and National Airports Corporation have inked an agreement to upgrade the Kuinga and Daru airports in Western Province. The MOU, according to Western Province Governor Taboi Awi Yoto, is the province's first of its sort. “Western Province has three big airports –– Daru, Ki...

Papua New Guinea yesterday launched a new project to develop a National Inclusive Green Finance Policy for the banking sector to boost financial inclusion and guide public and private sector investment towards Low Emission and Climate Resilient Development. Bank of Papua New Guinea Assistant Governor Ellison Pidik representing Mr. Loi M Bakani, Governo...

Treasurer Ian Ling-Stuckey has revealed the terms of reference for a review of the Bank of PNG, as well as the members of the review panel. Former Chief Secretary Robert Igara will lead the study, which was planned in the Supplementary Budget for 2020. Former central bank governor Sir Wilson Kamit and Australian professor Dr Stephen Howes are the two memb...

According to the Investment Promotion Authority, foreign direct investment into the nation has decreased by around 45 per cent in the last two years (IPA). Investment interest plummeted from over 1,000 in 2019 to roughly 300 in the first quarter of this year, said managing director Clarence Hoot. “Global FDI (foreign direct investment) outflow has dras...

Prime Minister James Marape has said that there will be no change in the benefit sharing regimes currently being used in the mining and petroleum sectors, without extensive consultation with all players in the resources sector. Prime Minister Marape delayed his planned meeting in Porgera toward the end of last week to be present at the Papua New Guinea...

Zeng Fanhua, the People's Republic of China's new ambassador, recently submitted the letter of accreditation to Governor-General Sir Bob Dadae, the country's head of state. Ambassador Zeng succeeds Ambassador Xue Bing, who was recalled after completing his service in Papua New Guinea. Ambassador Zeng stated the President of the People's Republic of ...