Ony 12 per cent of Papua New Guinea’s population has access to internet, making it one of the lowest rates in the world, an expert says. Deloitte PNG director of consulting, Alberto Cimas said this was according to the latest available data on internet users in the country which showed that they did do not have full or continuous internet access. “I...

Photo credit: Air Niugini Facebook page Air Niugini has advised the travelling public that effective from 06th August 2022, the airline will resume direct services to Honiara, Solomon Islands and Nadi, Fiji. The resumption of services has been made possible by the relaxing of border restrictions in the two countries, and flights will initially opera...

Photo credit:  ASIA-Pacific Economic Cooperation (Apec) countries and PNG’s trading partners have been invited to invest in the Ihu Special Economic Zone (ISEZ) in Kikori, Gulf, an official says. Department of Foreign Affairs and International Trade secretary Elias Rahuromo Wohengu said the ISEZ concept began during the Apec Leaders’ Summit in 2018 ...

EU-STREIT PNG preparing to install micro grid solar panels in selected public facilities to support cocoa, vanilla and fisheries entrepreneurs as well as livelihoods of rural communities. To create an enabling environment for cocoa, vanilla and fisheries entrepreneurs and to generate real possibility for economic growth that will enhance the livelihood...

Photo credit:  Santos is continuing a proud legacy of supporting the national sport of Papua New Guinea and women’s empowerment through its naming rights sponsorship of the PNG Orchids, the national women’s rugby league team. The PNG Orchids through the PNG Rugby Football League (PNGRFL) Inc. received K1.8 million from Santos to back its World Cup C...

Photo credit: National Airports Corporation Papua New Guinea Facebook Page The key partners in the Civil Aviation Development Investment Program (CADIP) in Papua New Guinea have signed a Memorandum of Understanding (MoU) for the Phase-2 of CADIP. The National Airports Corporation, Asian Development Bank ADB in the Pacific, Department of National Pla...

Photo credit: Mayur Resources Mayur Resources Limited has executed a binding offtake agreement with titanium pellet producer Qingdao Shinebest for the sale of vanadium titanomagnetite (magnetite) product from the Orokolo Bay Iron and Industrial Sands Project. The Agreement replaces and improves the previously announced offtake with Shinebest, includ...

Photo credit: Kingston Resources - Misima Gold Project Regional Overview Kingston Resources Limited is pleased to announce that following the recent conclusion of the Misima Gold Project Definitive Feasibility Study the Kingston Board has commenced a strategic review of the Company’s interest in the Project.  The review will assess all options to ma...

Photo credit: Coffee has been one of the most important agricultural commodities that contributes to Papua New Guinea (PNG) economy. It contributes to the livelihoods of almost three million people in the country. However, since the closure of several plantations in PNG, coffee production has continued to decline. Though coffee production in the countr...

To create an enabling environment including farm-to-market roads to support cocoa, vanilla and fisheries farmers in the Greater Sepik Region, the ILO under EU Funded UN Joint STREIT PNG Programme, has recently engaged three local contractors to commence rehabilitation and specific maintenance of four farm-to-market access roads totalling 52.1 km in the Se...

Photo:(L to R) Laboratory Technician Staff, Nivit Nihisi; Geologist, Damoi Gatama; and Logistic Assistant, Kabby Tabuim, cutting a cake to commemorate 11 Years LTI Free. Ok Tedi Mining Limited’s (OTML) Geology and Exploration Department celebrated a milestone of 11 Years without a Lost Time Injury (LTI) on the 21st of June. The last recorded LTI for...

Photo: TB HEO and No Buai Day campaign leader Teresa Koratsi. World No Buai Day is Friday October 7.  As COVID-19 restrictions ease, Businesses for Health is encouraging people who want to end their chewing habit to sign up for their “World No Buai Day” campaign.  COVID-19 has disrupted work and social lives in so many ways. It’s also had some unexp...

Richard Sinamoi, the chairman of Credit Corporation, says they intend to list on the Australian Securities Exchange Ltd. (ASX). Sinamoi stated that it was in the plans for the upcoming three to five years during the company's annual general meeting last week. “Of particular importance is that following the board’s strategic review in Full-year (FY21...

Photo credit: Department of Agriculture and Livestock The PNG Agriculture Commercialisation and Diversification Project will get US$40 million (K120 million) in financing from the World Bank. The money will help 12 provinces that have been identified establish competitive and varied agricultural value chains for specific commodities like coffee, coc...

Photo credit: Laga Industries Paradise Company Chairman, Mr. Anthony Smaré was in Lae to open the new Laga Industries Ltd. Administration offices during the Board of Directors meeting being held in Lae. The purpose-built building accommodates all the Finance, HR and IT teams in a modern facility including visitor and meeting rooms. The previous admi...

In addition to other topics, Papua New Guinea will speak at the second United Nations Oceans Conference in Lisbon, Portugal, about the recently authorised Global Climate Fund component. Other issues PNG will bring up include the passing and implementation of maritime transportation legislation, particularly the usage of the Jomard Passage by large vess...

According to Reg Monagi, chairman of Nambawan Super Ltd (NSL), global inflation is increasing swiftly and rising living expenses. It was one of the difficulties experienced this year, according to Monagi, who spoke at the NSL employers' conference in Port Moresby. “The global market has been volatile as (it) reacts to the Ukraine-Russia conflict, re...

Photo: Minister John Simon According to Minister John Simon, the Department of Agriculture and Livestock has the capacity to give the country economic independence within the next five to ten years. He claimed that around 90% of those who reside in rural areas are actively engaged in agriculture. The goal of the government is to increase output and ...

Photo credit: CPL Group - Mr. Navin Raju For its 2021 financial year results, The City Pharmacy Group Limited recorded a trading profit of K23 million. Despite fiercer competition, significant increases in the cost of goods, freight charges, and COVID-19, this represents a 6% gain over 2020. A 4 toea per share full and final dividend has also bee...

Photo credit: Papua New Guinea Today The National Agriculture Quarantine and Inspection Authority has launched its 10-year biosecurity policy 2022-2032, the first for the authority and the country since Independence. The policy will put an emphasis on easing trade inside the nation while also addressing the problems and difficulties the nation faces...

Photo credit: Hidden Valley Mine Senior executives from Harmony’s offices in South Africa visited PNG last month to tour company assets and meet with Prime Minister James Marape to emphasise the company’s continued commitment to invest and grow in the country. Harmony’s Financial Director, Boipelo Lekubo, and Senior Group Executive: Enterprise Risk ...

Epiroc has won a large order for mining equipment from Rio Tinto in Australia.  Rio Tinto, one of the world’s largest mining companies, has ordered several Epiroc Pit Viper 271 drill rigs that will be retrofitted by Rio Tinto with autonomous capabilities, as well as SmartROC D65 drill rigs that also are loaded with intelligent features. They will be us...

Photo: Stefano Mocci, Country Manager for the World Bank in Papua New Guinea The World Bank’s Board of Executive Directors has approved three new projects with a combined commitment of over US$200 million (PGK722 million). The projects will support Papua New Guinean communities through major upgrades to key roads, tackling malnutrition and stunting, an...

Photo: Mr Lucas Alkan The PNG economy stands to make a quick recovery and growth can pick up this year if the Government acts early to facilitate recovery in a fragile environment as the country slowly recovers from the Covid 19 challenges, according to the PNG EITI. Head of the PNG Extractive Industry Industries Transparency Initiative Mr Lucas Alk...