EU-STREIT PNG collaborates with National Fisheries Authority (NFA) to support sustainable development of the fisheries value chain in rural Papua New Guinea. The Food and Agriculture Organization of the United Nations FAO), under the EU-STREIT PNG Programme is partnering with the National Fisheries Authority (NFA) to assist in the sustainable developme...

PNGX, Papua New Guinea’s national stock exchange, has released proposed new Listing Rules for consultation. A key step towards the development of a more effective secondary market in equity securities is the modernisation of the PNGX Listing Rules. PNGX’s Listing Rules govern the quotation of securities, their admission to the official list and henc...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to maiden results from the Kora Northern Deeps target at the Kainantu gold mine in Papua New Guinea. The results for the latest 93 diamond drill holes c...

Photo credit: Department of Prime Minister & National Executive Council After a decade, the PNG/lndonesia SOM was convened in the Indonesian harbour city of Jayapura from 11th-12th October 2022.  The PNG side was led by Mr Frank M. Aisi, Deputy Secretary Policy 1 responsible for Economic and Infrastructure Sectors and International Relations of ...

Photo: Chairman of MRA board Mr Benny Kimisive cutting the ribbon to officially commission the solar project. Present is OIC Mr Nathan Mosusu and from PPL Mr Roy Daggy. The Mineral Resources Authority (MRA) will save about 60 percent of its annual energy bills averaging about K650, 000, with the launching of its new Photo-Voltaic (PV) solar power syste...

Photo: Neil Papenfus (GM, Pacific Towing) together with Deborah Onga (Group Legal Counsel, Steamships) after his previous fundraising swim for Cheshire Disability Services.  Neil’s fundraising goal for the 2023 English Channel Swim is K100,000. An open ocean swim between England and France is the latest fundraising activity being planned for Cheshire D...

Sky Health and Medical Services (SHMS), a 100% nationally owned Medical Service Provider specialized in proving Occupation Health services to the Industry of Mining, Petroleum and Energy was privilege to be given the opportunity to participate and exhibit in this Event. At SHMS we support and promote Local Business in the country, through specialist ca...

Photo credit: ABG The 2022 Bougainville Trade and Investment Conference ended on a high note following intensive discussions over the last two days at the Sharp Memorial Youth Center in Arawa. Over the course of the two days, experience-sharing and presentations were delivered by trade and economic experts on how Bougainville can narrow its fiscal g...

Prime Minister Hon. James Marape has welcomed the news by Steamships Trading Company to diversify further through a partnership with his government in the downstream sector. He made this known after meeting the company's Managing-Director Rupert Bray and General Manager Corporate Affairs Vele Rupa in Port Moresby this week. The Port Moresby meeting ...

Photo: Isi Henry Leonard Tourism, Art and Culture Minister, Isi Henry Leonard has urged that Papua New Guinea must promote domestic tourism as a pathway forward in order to preserve, safeguard and promote the country’s culture. “I wanted to see a simple tourism industry that is more people oriented,” he said. The minister stated this to participatin...

Photo credit: SME Corporation Facebook Page A Corporate Audit Team had been recently launched and put in place by The Small and Medium Enterprise Corporation (SMEC) in Port Moresby. SMEC’s Director for Corporate Affairs, Rodney Sumale said the audit committee has been created purposely to help the Office of Internal Audits & Compliance in ensuring ...

Photo: John Rosso ​​​​​​. Credit: EMTV  In response to a question asked by a reporter regarding the Government’s stance on the lock down of prime government buildings, Deputy Prime Minister and Minister for Lands and Physical Planning Hon. John Rosso stressed that the issue of unpaid rentals that the Government is currently facing were aggregated amoun...

Photo: OTML Managing Director and CEO Musje Werror With 10 years of mine life remaining, Ok Tedi Mining Limited (OTML) is committed to enabling a sustainable future for its 158 CMCA (Community Mine Continuation Agreement) communities post closure. OTML Managing Director and CEO Musje Werror said this when he presented at the Community Affairs and Bu...

Photo credit: Pixabay The amount of gross foreign exchange reserves at the end of June this year, according to acting Bank of Papua New Guinea governor Benny Popoitai, was US$3.2 billion (about K11.6 billion). At the end of December of last year, there were US$3.2 billion (about K11.3 billion) available. In the bank's March 2022 Quarterly Economi...

To promote private investments in Papua New Guinea's energy industry, the US government, through the US Agency for International Development (USAID), published an investor guide for the sector. The handbook was released in Port Moresby by USAID and the Investment Promotion Authority (IPA) in conjunction with the USAID-PNG Electrification Partnership (P...

Photo: Official ribbon-cutting ceremony at the reopening of the Tourist Information Centre The Tourism Promotion Authority (PNGTPA), just like all National Tourism Offices around the world, is welcoming travellers back to Papua New Guinea with the reopening of the Tourist Information Centre at the Jackson's International Airport in Port Moresby, Friday...

According to Australia's consul general Mark Fox, the country is contributing more than K1 billion to the development of Morobe's port and road infrastructure. According to Fox, investment in the industries was essential to propel the economy because of the province's contribution to PNG's economic growth. Australia is dedicated to providing high-qu...

Photo: Markham Valley, Morobe. Credit: PNG Facts According to Australian consul-general Mark Fox, the Australia-Papua New Guinea collaboration would concentrate on developing PNG's non-resource sector through a variety of initiatives. “While we know that growth in the resources sector in 2022 is expected to be strong at 2.6 per cent, the non-resourc...

Photo: James Marape Prime Minister Hon. James Marape recently (October 11, 2022) welcomed the latest World Bank report on Papua New Guinea. The latest World Bank Economic Update released last month says the economy in PNG is forecast to expand by 4 per cent in 2022, up from 1 per cent in the previous year. This return to growth following a sharp ...

As part of showcasing business opportunities in Papua New Guinea and what local business has to offer , two local woman entrepreneurs were given the opportunity to present their Small to Medium Enterprise and they included "Apo Meri" and "Devine Management Services" at the European- PNG Business, Trade, and Investment Conference from the 11-12 of October....

Photo: Mr. Chey Scovel from the Manufacturers Council of PNG speaking in front of the others panelists. Panelists at the Third European-PNG Business, Trade and Investment Conference on the 10th of October, 2022 at Apec Haus Port Moresby, speaking on the topic of "Navigating the business environment - the impact of the regulatory framework for business,...

Photo credit: PNG Chamber of Mines and Petroleum The full board of Newcrest Mining led by Chairman Peter Tomsett and accompanied by Managing Director and CEO Sandeep Biswas are visiting Papua New Guinea this week, meeting key stakeholders and visiting the Newcrest Lihir mine in New Ireland. Their visit started in Port Moresby on Monday, 10 October invo...

Photo: Papua New Guinea Prime Minister James Marape poses with Barrick Gold Chief Executive Mark Bristow in the capital of Port Moresby, Papua New Guinea, October 15, 2020. Credit: Papua New Guinea Prime Minister's Media Office Prime Minister Hon. James Marape has welcomed Barrick Gold President and CEO Mark Bristow and Newcrest Mining Ltd Managing-Dir...

Photo credit: PNGEITI - Porgera Mine Barrick Chief Executive Mark Bristow, in PNG for quarterly operational reviews, said that the incorporation of New Porgera Limited (NPL) on 22nd September, following execution of the New Porgera Shareholders Agreement by Barrick (Niugini) Limited, Kumul Mineral Holdings Limited and Mineral Resources Enga, marked an ...