Prime Minister Hon. James Marape says the K794 million Nadzab Airport Redevelopment Project (NARP) will be “a gamechanger for Lae, Morobe and Papua New Guinea” when completed. He said this today (August 18 2022) after publication of the latest update of the project by National Airports Corporation (NAC). “The NARP is a high-impact Government project...

Photo: PM Marape in Parliament on August 9, 2022. Prime Minister Hon. James Marape is making a call on Australian businesses to consider importing more from Papua New Guinea to balance the disproportionate import-vs-export scale that the two countries have existing between them. He also wants to see more Australian investors partner with PNG to move...

Photo: The EU Funded UN Joint STREIT PNG Programme established the “STREIT Innovation Fund” to support local MSMEs and entrepreneurs and stimulate investments in cocoa, vanilla and fisheries value chains The Food and Agriculture Organization of the United Nations (FAO), under the EU-STREIT PNG Programme, has launched an Innovation Fund to stimulate inv...

Photo credit: Jason Reed Santos today announced its half-year results for 2022, reporting record free cash flow of US$1.7 billion and underlying profit of US$1.3 billion. The results reflect significantly higher oil and LNG prices compared to the corresponding period due to stronger global energy demand combined with a higher interest in PNG LNG follow...

The EU Ambassador to PNG launched a new transport infrastructure project in East Sepik which improves access to market, business opportunities, health aids and schools for more than 2000 villagers in a ground-breaking ceremony.  His Excellency, Ambassador Jernej Videtič, the Head of the European Union Delegation to PNG was in East Sepik recently to ina...

Prime Minister Hon. James Marape hits the ground running in the frontier-breaking clean green energy projects he has been championing over the last two years when he met with leaders of Fortescue Future Industries (FFI) in Singapore recently to progress the talks further. He said from Singapore FFI has voiced its intention to partner Papua New Guinea i...

This month, James Marape is re-elected as the Prime Minister of Papua New Guinea. Despite a general election that was scourged with moments of violence, death, destruction of infrastructure, and claims of election fraud, Marape is back in the office as the country's leader. In the current election, Marape's Pangu Party earned at least 36 of 118 seats a...

Photo: PM Marape addressing Parliament on Tuesday, August 9, 2022 Prime Minister Hon. James Marape says his Government will do its “utmost best” for the people of Papua New Guinea. He said this recently (Sunday, August 14, 2022) as he goes through the process of selecting ministers and laying the groundwork for the next five years. “On August 30,...

Photo: From Left to Right: Dorothy Koch (Public Relations and fundraising Manger, Buk Bilong Pikinini) Ryan Pini (Corporate Development Manager, Theodist Limited) Shaun Pini (Purchasing Manager, Theodist Limited) Buk bilong Pikinini (Tok pisin for “Childrens Books”) An independent charity based in Port Moresby was given a boost from Theodist with a gen...

EU Funded UN Joint STREIT Programme in Papua New Guinea establishes a renewable energy-powered facility to support local government authorities in East Sepik Province, in delivering effective services to rural farmers and entrepreneurs.  With generous support of the European Union, the FAO-led EU STREIT Programme officially opened a new 3 cluster offic...

Certified Practicing Accountants of Papua New Guinea will be hosting their 23rd annual conference with about 400 participants nationwide expected to attend the two day conference organized by CPA PNG in Lae Morobe Province from August 18 to19, 2022 CPAPNG was established in 1974 and has come a long way with a lot of achievements along the way. Over the...

Bank South Pacific's Financial Group Ltd Chief executive officer Mr. Robin Fleming has recently announced that the bank has granted more than K200 million as loans to small to medium enterprises under its credit scheme facility that the then Marape government had released to the bank to support Small to Medium Enterprise (SME) and local businesses during ...

Photo: The Caretaker Cabinet with Governor-General Sir Bob Dadae in Government House Prime Minister Hon. James Marape says he will take no more complacency from heads of Government departments and agencies to move Papua New Guinea forward. He said this in no uncertain terms during a meeting with them on Loloata Island recently (Thursday August 11 20...

Photo credit: Ok Tedi Mining Ok Tedi Mining Limited (OTML) is committed to ensuring the closure of the mine is done in accordance with the approved mine closure plan when the mine ceases production. The plan which has been developed and updated since 1997 includes the decommissioning of mining infrastructure, the rehabilitation of operation sites, t...

Photo: Roadworks on the Malahang-China Town Road in Lae, August 2022 (LAE OPEN Electorate - JOHN ROSSO Dps MP/Facebook) Commentary by Alyssa Leng Inadequate funding has meant roads are few, far between and in poor condition across Papua New Guinea. Port Moresby is not connected by road to either the industrial hub of Lae or the agricultural and popu...

The Papua New Guinea Energy Summit & Exhibition will take place in-person on 20-22 September 2022 at the Hilton Hotel in Port Moresby, providing a meeting place for the national and international energy industry to reconvene and discuss the next phase of energy sector development, with the newly formed government. The Summit is officially endorsed by ...

The Mining Advisory Council is now evaluating the mining lease application for the Mambare Nickel Project, one of the nation's future nickel and cobalt projects in Northern Province. According to Jerry Garry, managing director of the Mineral Resources Authority, no decision has been taken regarding the nickel project's start of operations as of yet. ...

Photo credit: Post Courier - Mineral Resources Authority Managing Director Jerry Garry New mining companies looking to invest in the country are currently faced with a significant barrier due to the lack of infrastructure development in the nation. Although there is a significant demand for nickel cobalt and other high strategic minerals, with price...

Before the end of this year, the Porgera Mine in Papua New Guinea's Enga Province is anticipated to begin operations.   Prime Minister James Marape told the media recently that Porgera is one of the economic assets that must start, apart from Wafi-Golpu, Papua LNG and P’yang Gas. He said that the Mineral Resource Enga, landowners, and the Enga Pr...

The National Fisheries Authority named Justin Ilakini as its new Managing Director in an official statement on July 28. Ilakini has extensive knowledge of the fishing industries in both Papua New Guinea and the region. He was born and raised in Gavuone Village, Central Province, and served with the NFA for eight years before accepting advising position...

Treasurer Ian Ling-Stuckey cites the International Monetary Fund's (IMF) 6.8% inflation forecast for Papua New Guinea. “PNG’s economy can be greatly affected by shifts in the global economy,” he said. “The latest IMF World Economic Outlook released last week increased inflation predictions for developing countries to an extraordinary 9.5 per cent av...

Photo credit: Islands Business The Madang business community wishes to contribute more to the growth of the Pacific Marine Industrial Zone (PMIZ) in the region. The development of the project, according to Kevin Murray, president of the Madang Chamber of Commerce and Industry, would have a favourable effect on the city's economy. A committee has ...

According to Sir Peter Ipatas, the re-elected governor of Enga province, Mineral Resources Enga will not be rushed into signing the shareholders agreement. He said they do not want to rush the signing and will only sign when they are satisfied with a better deal. They are negotiating to get a better price, he claimed. “For years, the company has bee...

Photo credit: Nasfund - Ian Tarutia As the long-serving CEO of the fund, Ian Tarutia, CEO of Nasfund, will step down on March 31, 2023. Mr Tarutia has informed the board of his desire to retire at the end of March 2023, according to chairman Charles Vee's announcement. He said that the board appreciates his choice and has begun the search for a s...