The EU-STREIT PNG Programme in collaboration with the Cocoa Board rolled out eight capacity building workshops for 470 local cocoa processors on cocoa quality control measures.   The Greater Sepik region of Papua New Guinea is leading area in cocoa production in the country, but quality has been a concern compared to other cocoa producing provinces. ...

Photo credit: Oxford Business Group The creation of the new ministries by the current government for both major agricultural commodities, Coffee and Oil Palm is a huge step forward in achieving the agriculture sectors economic potential. For the past years the agricultural sector had not been fully utilized by consecutive governments as the focus ha...

Treasurer Ian Ling-Stuckey is dismayed at how the 2022 National Elections were conducted and is now looking forward to a complete review of the allocated funds that were spent on the elections. Ling-Stuckey recently stated in parliament that the government had allocated and funded enough money for the election process to be conducted this year. “We ...

Commentary by Stephen Howes, Kingtau Mambon and Kelly Samof The urban minimum wage has been an important part of Papua New Guinea’s economic history. In the last few years before independence (in 1975), it was greatly increased. In the decade or so after independence, it was widely regarded as too high. In 1992, it was slashed, merged with the rural mi...

Photo: Hon. Kerenga Kua, Minister for Petroleum & Energy. Credit: Papua New Guinea Energy Summit & Exhibition Twitter Page The Energy Sector of Papua New Guinea is just awaiting to be tapped into as it has the capacity to generate massive returns in revenue. Gas projects such as The Papua LNG project and P’nyang Gas project are expected to b...

Leading digital bank, Kina Bank is continuing to push the digital boundaries when it comes to everyday banking in Papua New Guinea (PNG). “This latest digital advancement will take personal banking to the next level, it is a game changer,” Kina Bank Chief Transformation Officer, Mr Ivan Vidovich said. “Our team has developed a banking tool that is e...

Photo: Oil Search Santos advises it has received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a 5 per cent project interest in PNG LNG for asset value of US$1.4 billion, including a proportionate share of project finance debt of approximately US$0.3 billion (the Offer). Kumul is Papua New Guinea’s national oil...

One of the most important issues that is currently affecting lives of low-income earners in Papua New Guinea is Inflation. This vital issue needs to be seriously addressed and implemented by the new government under the leadership of Prime Minister, James Marape and his Deputy, John Rosso. Treasurer Ian Ling-Stuckey recently passed the supplementary bu...

The three-day Papua New Guinea Energy Summit and Exhibition that ended last week focused on strengthening coordination roles among stakeholders and industry players by promoting government and private sector engagement to improve and reaffirm the huge potential of PNG’s Energy Sector. This was the first time the summit was mainly dominated and driven b...

On Papua New Guinea’s Independence Day last Sept. 16, Acting Prime Minister John Rosso assured heads of government, departmental heads, the diplomatic corps, and the country that the government is better and well prepared to deliver services to the people. During his inaugural independence speech as Acting Prime Minister, Mr. Rosso said: “We are not th...

The recently established National Energy Authority was one of the major participants of the PNG Energy Summit and Exhibition 2022. NEA’s Acting Managing Director, Mr. Ronald Maketa said the highlight of the NEA is to support the National Governments Energy Policy and its stakeholders to realize the potential of PNG’s Energy industry. He stated durin...

The Pasca A offshore gas project in the Gulf of Papua will focus to help transform the PNG energy sector and to boost sustainable growth in the country. Twinza Oil (PNG) Limited chairman, Stephen Quantrill said when in full production, the Pasca A Liquefied Petroleum Gas (LPG) project’s landed prices will be lower than the current LPG imports. He sa...

Photo credit: Papua New Guinea Today According to Richard Maru, the Minister for Trade and Investment, high electricity costs are a significant barrier to trade and investment in Papua New Guinea (PNG). With approximately 13% of the population having access to electricity, PNG is one of the least electrified nations in the world due to its inconsist...

Picture: Minister for International Trade and Investment, Hon. Richard Maru and the Chief Trade Officer from the National Trade Office, Mr. Richard Yakam in Tokyo, Japan Papua New Guinea Minister for International Trade and Investment,  Richard arrived in Tokyo, Japan over the weekend as part of the delegation who will be representing Papua New Guinea ...

Photo: EU-STREIT PNG addresses gender-based violence and its subsequent negative impact on inclusive participation and transformational change in seven remote villages in Sandaun Province A 5-day intensive training workshop on establishing and organising agri-business groups, with a focus on Group Leadership and Business Management skills, was recently...

Photo credit: James Marape News Page Prime Minister James Marape was pleased with the outcomes of the engagement of Pacific Leaders with the United Nations Secretary-General, Antonio Guterres and the General Assembly 77th session General Debate. Prime Minister Marape recently attended his final meeting at the United Nations General Assembly annual w...

Prime Minister Hon. James Marape says Papua New Guinea can become a food supplier to the world with its abundance of land and sea. PM Marape, when addressing the 77th United Nations General Assembly (UNGA) in New York on Friday (April 23, 2022), invited new international development partners to work with PNG in the agriculture sector, particularly in d...

Photo credit: Ronald Meketa LinkedIn Page The National Energy Authority has been in the transition for the last two years and is set to be fully operational by 2025. The NEA is planning to conduct its consultation workshop with intergovernmental agencies to guarantee they are fully functioning in three years, according to interim managing director R...

Photo credit: PNG Energy Summit - Wayne Kasou Santos has paid more than K1.21 billion in corporate tax since the merger, despite the current focus of considerable discussion on multinational corporations in the extractive industry to pay their taxes. A further K43.2million was also paid as direct taxes as an operator in the country. At the recent...

To show its commitment to a trade deal with Indonesia, PNG will, according to International Trade and Investment Minister Richard Maru, attend the Trade Expo Indonesia (TEI) 2022, which will be held next month. Maru said it was appropriate given a recent declaration to make commerce with Indonesia a priority and that he had received an official invitat...

Best industry practises and certification standards, according to OIL Palm Minister Francis Maneke, are crucial for both the agriculture sector and the oil palm business. Maneke said that it will make agriculture more sustainable and continue to boost the economy during a sector meeting on Monday in Port Moresby. He complimented the government for d...

Photo credit: Post Courier - Mineral Resources Authority Managing Director Jerry Garry Mineral Resources Authority will continue its significant assignment in putting in place the Mining Control System for other operating mines in the country in the next six months. The project will continue, according to MRA managing director Jerry Garry, with the ...

Photo credit: Sir Ano Pala Facebook Page Sir Ano Pala, Minister for Mining, has been warmly welcomed as the new Minister to steer the sector for the next five years. The Ministry greeted Sir Ano as someone who will lead the sector moving ahead in the next legislative term because of his expertise and insight. Sir Ano has made it clear that he doe...

The potential benefits of an extended labour mobility programme between the two countries have been emphasised by Treasurer Ian Ling-Stuckey and his Australian colleague Jim Chalmers. The doors would be open through Australia's recently expanded labour mobility policies, according to Mr. Ling-Stuckey, if people in PNG opted to travel and fill some of t...