Photo Credit: Loop PNG Due to the ongoing power outages in the nation's capital, National Capital District Governor Powes Parkop has proposed offloading some assets to private sector organizations in order to provide continuous, dependable, and cheap electricity. He claimed he met with William Duma, the Minister for State-Owned Enterprises, to discu...

Weir Minerals, global leader in the provision of mill circuit technology, dewatering solutions and services, has launched the new Multiflo® MudfloTM hydraulic submersible slurry pump. Engineered for abrasive applications and large particle handling, the Multiflo® MudfloTM pump features a hydraulically driven wet-end specifically designed to efficiently an...

Freeport Resources Inc. is pleased to announce that it has signed a definitive share purchase agreement, dated effective June 25, 2021, with Carpo Resources Inc. (“Carpo”), and each of the shareholders of Carpo (collectively, the “Vendors”), pursuant to which the Company proposes to acquire all of the outstanding share capital of Carpo from the Vendors (t...

Chairman Sir Rabbie Namaliu of Kina Asset Management Ltd (KAML) said the company has halted its investment program in Australia until the impact on economic conditions is better understood. He informed the annual general meeting that Australia's reaction to the Covid-19 epidemic had been one of the most stringent in the world, involving international a...

According to Australian High Commissioner Jon Philp, Australia aims to provide high-quality infrastructure for PNG, generate employment, and upskill locals. His administration recently announced that it will invest K1.1 billion (US$300 million) to improve and repair all marine facilities owned and maintained by PNG Ports. In Port Moresby, Philp sign...

Inadequate extension services have been identified as a cause of low coffee output in the country, according to a study. Prof Eugene Ezebilo, the National Research Institute's deputy director for research, authored a paper titled Strategic initiatives to boost the competitiveness of coffee production in Papua New Guinea” It gives you some ideas for how...

After the National Government authorized the transfer, the Autonomous Bougainville Government received K30 million in tax proceeds from the Internal Revenue Commission today. President Ishmael Toroama, members of his government, and the Bougainville Public Service received the award from IRC Commissioner-General Sam Koim. The K30 million comes from ...

The Internal Revenue Commision (IRC) and the government of East New Britain (ENB) have formed a partnership to work together on tax collection in the province. IRC commissioner-general Sam Koim and ENB administrator Wilson Matava signed a memorandum of agreement in Kokopo. ENB ranked third in terms of tax collection, but Matava and Koim believe ther...

Prime Minister James Marape has stated that the Wafi-Golpu mine project's long-term development forum will begin next month. He made the statement during a visit to Bulolo's Mumeng local government to inaugurate a number of initiatives. “The Wafi-Golpu development forum will be staged next month,” Marape said. “If there is anyone with issues rega...

Prime Minister Hon. James Marape has pointed Papua New Guinea small to medium enterprises (SMEs) to agriculture as a space that they can move into. He said this when addressing the 3rd SME Business Breakfast at APEC Haus in Port Moresby on Friday (June 5th 2021) which also marked the end of SME Week. PM Marape said agriculture could supply domestic ...

Small and medium businesses (SMEs) have a significant role in economic growth, according to Prime Minister Hon. James Marape. When addressing the 3rd SME Business Breakfast on Friday (June 25, 2021) to commemorate the end of SME Week, he also praised local SMEs for hosting PNG SME Week at APEC Haus in Port Moresby from June 21 to 25. “Thank you (SME...

PNG Power Limited’s Managing Director has been replaced with an Officer in Charge as the power utility continues to face operational challenges. This included a prolonged 16 hours of power outage last week Friday in Port Moresby that saw many business houses resort to generators to keep doors open to customers and deliver services. Earlier that day,...

PNGEIT Commission Bill Technical Working Group Team Members from left; Eva Boas (Department of Personnel Management), Vanessa Asivo (Internal Revenue Commission) Channan Kumalau (Department of Petroleum) and Lois Stanley (Constitutional Law Reform Commission) at a consultation for the proposed bill mid-June in Port Moresby.    A proposed legislation to...

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 ...

The May River project in West Sepik has been acquired by Kainantu Resources Ltd (KRL) under formal agreements. Chief executive officer Matthew Salthouse said, “The May River project is an exciting acquisition for KRL, given its location in an exceptionally prospective and proven district for significant copper-gold projects.” May River, according to...

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...

Photo Credit: K92 Mining Inc Production at the K92 mine in the Eastern Highlands was hampered in the first quarter by explosive supply difficulties and a rise in Covid-19 cases, forcing the firm to decrease personnel on the mine site. The prohibition of fly-in fly-out travel for top expatriate personnel by the Australian government in the second qua...

Photo Credit: Twinza Oil Limited Twinza Oil is optimistic about the planned Pasca project's conditions. Roppe Uyassi, the country manager, stated that the terms had satisfied the required Government take, which was validated by Deloitte. Prime Minister James Marape wants the project deal finalized this month as well. Twinza is optimistic about...

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 ...