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If Papua New Guinea wants to maintain its economy, resource projects should continue to come online, according to an industry expert. This was said by Chris Chambers, Santos PNG's general manager and a PNG Chamber of Mines and Petroleum council member,  during the chamber's webinar series. He stressed the need for collaboration between the government and ...

Mr. Henray van Vyve, Managing Partner of Meurisse Chocolate NV (right), a Belgian Chocolate manufacturer that uses PNG cocoa beans, presents the Papua New Guinea brand to Ambassador Joshua Kalinoe at the PNG Embassy in Brussels, Belgium. (Photo-courtesy of the Embassy of Papua New Guinea, Brussels, Belgium). A Belgian chocolate manufacturer has include...

Photo Credit: Paga Hill Development Company - PNG Ltd In accordance with the Marape-Basil government's Special Economic Zone concept, a new multi-million kina casino would be built in Port Moresby to encourage tourists and stimulate other economic activity. The National Gaming Control Board (NGCB) and the Paga Hill Development Corporation (PHDC) hav...

Photo Credit: Oxford Business Group   According to ANZ PNG managing director Mark Baker, the country's long-term survival rests on diversifying its economic base to allow agriculture and manufacturing to thrive. Baker stated that it will need increased investment in infrastructure, particularly roads and power. “The source of that significant ...

The publication of the PNG Extractive Industries Transparency Initiative reports are meaningless if they do not give rise to critical policy debates for a robust mining and petroleum sector in Papua New Guinea, an official says. Head of PNGEITI National Secretariat Mr. Lucas Alkan told leaders at the 36th Australia Papua New Guinea Business Forum on We...

The Russian Federation has declared that it is happy and willing to supply the Sputnik V vaccine to Papua New Guinea. It said that once the pandemic is over, Prime Minister James Marape will be welcomed to Russia. The Russian government is negotiating with Papua New Guinea to create a reciprocal visa-waiver deal. This was said by Ludmila Vorobyov...

Trafigura Group Ltd has received approval from the Independent Consumer and Competition Commission (ICCC) for its planned acquisition of an additional interest in Puma Energy Group Ltd. Puma is now controlled by Trafigura, which owns the majority of the company, and will have a majority stake in Puma after the takeover. While Trafigura and Puma were...

Photo credit: Loop PNG (2020) Fisheries and Marine Resources Minister Dr Lino Tom says the National Fisheries Authority (NFA) and the Fisheries and Marine Resources Department are working on two main fishery ventures in Morobe and Madang. “The Voco Point facility will cost about K100 million,” he revealed. “Funding for the project is ready. We are j...

President of the Autonomous Bougainville Government, Ishmael Toroama, stated that Bougainville must achieve independence over the next four years, with members of the independent state's parliament being elected by June 2025. This comment was made by President Toroama as he explained the ABG's official stance as Bougainville starts the first post-refer...

The PNG Fisheries Strategic Plan 2021-2030 was recently approved by the National Executive Council for the next ten years. It lays out the Strategic Road Map and Vision for an internationally dynamic, equitable, and sustainable broad-based fisheries market and industry. PNG Fisheries Strategic Plan 2021-2030, according to Prime Minister Hon. James M...

Water PNG will build a new K419 million water supply plant to meet Port Moresby's growing water demand and stability. Bunu, a planned 50Mld (millions of litres per day) water supply project in Central, is located 23 kilometres northwest of Port Moresby. According to a statement from Water PNG, the extension will be enough to satisfy the city's needs...

Roger Kewa Avinaga died Sunday 16th May 2021 just ten days after the passing away of his beloved wife - Priscilla Nase Avinaga. By any measure, this was a very sad and tragic occurrence for the Avinaga family, but we hope that Roger and Priscilla will rest in peace together. Roger was born at Keakasa Village, Okapa in the Eastern Highlands Province, a ...

The redevelopment of the Mendi airport is underway, according to the National Airports Corporation Limited, and is 60 per cent complete. The project is part of the Civil Aviation Development Investment Program, or CADIP, which funds a range of impact aviation programs. Following a media story, the National Airports Corporation clarified the status of t...

Richard Kassman was recently named President of the Papua New Guinea Chamber of Mines and Petroleum, and the PNG Extractive Industry Transparency Initiative (PNGEITI) congratulated him. He recently took over for Gerea Aopi, who had served in the role admirably. Richard Kassman is the Director of Corporate Affairs, Total E&P PNG Limited, and was vic...

ROGER KEWA AVINAGA, who supplied many valuable insights on Papua New Guinea’s resources industry as the main columnist for PNG Business News since our first issue, passed away 15 May 2021 at Port Moresby General Hospital. He had just turned 51. Born 5 May 1970 in Keakasa Village, Okapa in the Eastern Highlands, Roger was still in mourning for his wife ...

The new terminal building for Manus' Momote Airport is well underway and starting to take shape. This project should be finished by November of this year. The Momote Airport upgrade is part of a series of high-impact projects financed by the Asian Development Bank's multi-tranche Financing Facility (MFF) loan and the Government of PNG's counterpart ...

Finance and high taxes, according to PNG Manufacturers Council chief executive officer Chey Scovell, are two of the most pressing problems in the downstream production of PNG goods. According to Scovell, downstream processing is a capital-intensive industry that requires a large sum of money. He also suggested that the government consider lowering c...

The gaming industry in Papua New Guinea has resumed regular operations, in full accordance with COVID-19. The decision was made following discussions with the National Gaming Control Board and the National Control Centre. Both Gaming Machine sites have reopened, and bookmaker sites will reopen next week. Imelda Agon, the NGCB's Acting CEO, praise...