PNG INDUSTRIAL AND MINING RESOURCES EXHIBITION 2022
by PNG Business News - March 10, 2022
A Premier industry event for Australia and Papua New Guinea The 2022 PNG Industrial & Mining Resources Exhibition will showcase over 100 local, national and international manufacturers and suppliers with the latest innovations in the supply of services and equipment for the industrial, mining and oil & gas sectors.
The two-day exhibition is the premier meeting place to connect and network with thousands of industry decision makers across a broad industry reach including: Senior Management, Procurement, Government Personnel, Engineers, Contractors and Trade Technicians.
This year, exhibitors will have the opportunity to attend a free How To Do Business in PNG Seminar, and give a short presentation across one of two Conference stages on the exhibition floor over the two days.
An Industry Networking Event will also run in support of the trade show.
TRADING HOURS: Wednesday 8 June 9am - 4pm Thursday 9 June 9am - 4pm
REGISTERED ATTENDEE FIGURES: 2019 2,180+
CONTACT: Patrick McElligott - Patrick@ttmediagroup.co.nz
PNG Business News - March 09, 2022
PNG-UAE Commodity Trade Potentials Boosted
Potential for PNG-UAE commodity trade, including in mineral products will soon be boosted with the involvement of UAE state-owned companies and other private investors closely connected to the country's Royal families. This is possible through the aggressive implementation of the target-based investment, trade and market access strategic framework by the PNG Expo2020 Pavilion in Dubai. The framework was approved by the Marape Cabinet as part of the Government's policy to increase trade and investment with the focus on using the international economy to facilitate domestic economic growth. The PNG team in Dubai has made important investment and trade connections with both private and public sector business organisations, including the state-owned commodity trade facilitating agency, the Dubai Mutli-Commodities Centre (DMCC). A Letter of Intent (LOI) has been exchanged between PNG and DMCC for trade in commodities, including in agriculture and mineral products. Commissioner General for Expo2020 and Papua New Guinea's Ambassador to Belgium and the European Union, HE Joshua Kalinoe said with K3m investment by the Government in the PNG Pavilion programme in Dubai, the country is to immediately bring in millions of Kina and in the medium-to-long term billions of Kina from the trade and investment connections that are being made. " We have recently announced a carbon trade partnership between a PNG timber concession permit company and an international environment conservation company that will result in sustainable millions of revenue flow annually for both the Government and the landowners for many years to come. "We expect to soon announce major partnerships in commodity trade, including in mineral products", Ambassador Kalinoe said. He said the Pavilion Operations will come to an end on 31 March with the closure of Expo2020 and the Minister for Foreign Affairs & International Trade, Hon Soroi Eoe, is expected to officiate at the closing ceremony. The Minister will also address the Pavilion's last business forum under the Expo2020 programme on 29 March. The forum will be organised in partnership with a Dubai-based investment company, IBMC, and is aimed at bringing the PNG-UAE businesses and Governments together. "I am hoping that one or two important partnership arrangements will be announced, at this final business forum," Ambassador Kalinoe said. Article courtesy of PNG Expo
PNG Business News - March 15, 2023
BOSS Attachments PNG INDUSTRIAL MINING AND RESOURCES EXHIBITION AND CONFERENCE EVENT RETURNS FOR SEVENTH CONSECUTIVE YEAR
Returning for its seventh year due to ongoing industry demand, the PNG Industrial and Mining Resources Exhibition and Conference (IMREC) will be held in Port Moresby this June. Acclaimed for bridging the gap for Papua New Guinea and Australia’s industrial relations, PNG’s IMREC will host respected industry delegates and over 100 exhibitors across two days with a mammoth exhibition event, gala awards dinner and networking conference. Being held at a new and larger venue, the Taurama Aquatic Centre on 21 and 22 June, some of the biggest names in mining and resources will meet to create valuable business connections, share industry knowledge, and explore the latest in innovative products and services. Event organiser Patrick McElligott says that PNG’s IMREC has formed an invaluable link between mining and resources companies as well as major Industrial Businesses, working between PNG and Australia, or with aspirations to do so, for almost one decade. “Year after year this event has demonstrated the importance of nurturing the business relationships between PNG and Australia, and there are now more exciting opportunities than ever before with PNG’s developments in gold mining, oil and gas, and commercial fishing,” Mr McElligott said. “It’s rewarding to be regarded as a longstanding resource for these businesses as we continue to create further awareness about the possibilities available when each country has the ability to work together.” This year, the PNG’s IMREC will welcome many repeat exhibitors as well as a collection of exciting new companies. A greater range of Manufactures, suppliers with a range of new products and Services will be exhibiting at the Exhibition this year. Attendees will hear first-hand from reputable guest speakers including Doctor Frederick Guirguis from WHO Safety Services International to discuss the lost art of cultural safety in the workplace, and representatives from Women in Construction to highlight the importance of diversity in the industry. PNG’s IMREC will welcome up to 5,000 guests through its doors this June. To secure a stand or for details on tickets, guests are encouraged to act now. WHAT: PNG’s Industrial and Mining Resources Exhibition and Conference WHEN: 21 and 22 June, 2023 WHERE: Taurama Aquatic Centre, G5HR+56J, Port Moresby, Papua New Guinea
PNG Business News - March 31, 2021
PNG Ports Explains Their Decision to Deal with Covid-19
COVID-19 had a major impact on Papua New Guinea's exports and port movement, but the PNG Ports Corporation had taken political decisions to handle the situation. In recent months, the world has seen and continues to see a significant shift in everyday lives, which has had significant implications for industry, commerce, and transportation. The pandemic's emergence altered both economic and trade forecasts for 2020. New predictions have reduced forecasts to negative 4.9 per cent, down from an estimate of 3.6 per cent increase in container trade worldwide in the fourth quarter of 2019 to 2.5 per cent in January 2020. PNG Ports chairman Kepas Wali clarified that the company's earnings were the result of tight cost-cutting steps and prudent decisions taken by management. Last year, he said, the closing of borders and prohibitions surrounding the COVID-19 pandemic struck PNG Ports hard, which is dependent on trade. Despite COVID-19, PNG Ports has continued to operate all of its ports. “When COVID-19 hit the country and the world, the management of PNG Ports worked quickly and instituted certain protocols and prevention measures just so we can maintain our ports operations,” he said. “The management’s quick response to the situation has made it possible for all ports to operate during the hit by the pandemic through until now.” He said the pandemic's consequences on the company were expensive, but PNG Ports is happy with the positive results obtained by their management's swift reaction and aims to continue this going forward.
PNG Business News - June 05, 2023
PNG PM Marape Participates in PIF Leaders Breakfast Caucas
Photo: PNG PM Marape Participates in PIF Leaders Breakfast Caucas Prior to the Korean-Pacific Islands Leaders (Kor-Pic) Meeting, Papua New Guinea Prime Minister Marape joined other PIC Leaders for a breakfast caucus Chaired by Cook Islands Prime Minister and current Pacific Islands Forum Chair Mark Brown, to discuss the agenda and a common position on shared development issues. Prime Minister Marape said climate variation, being the perennial issue including sourcing appropriate development assistance from the Korean Government was high on the agenda. He said the encouragement during the caucus was for all PIC Leaders to discuss their developmental challenges and put forward their ideas on how Korean Development assistance could complement the 2050 Blue Pacific Strategy. Following this caucus, Prime Minister Marape, met with Australian Deputy Prime Minister Richard Marles. Their discussions were centered around progress of the proposed Bilateral Security Treaty (BST), the recently concluded Defense Cooperation Agreement with the US, Visa issues and the PNG NRL Bid. On the BST, Prime Minister Marape mentioned that it was work in progress and required the PNG side to consult our domestic processes and sovereign laws in relation to certain wordings and provisions. He also conveyed his apologies to Prime Minister Anthony Albanese for the delay in formalising this proposed Treaty with Australia. For the DCA with the US, Prime Minister Marape informed that it was centered around improving the PNGDF's capabilities and interoperability including protecting our frontiers and sovereignty. He said it was non-discriminatory and PNG was open to entering into similar arrangements with its bilateral partners. “In fact, the DCA would also complement domestic law enforcement,” Prime Minister Marape said. “The Ship Rider Agreement on the other hand was also vital in combating illegal fishing and transnational crimes.” For Visa issues, Deputy Prime Minister Marles informed that the current Australian Government was fully aware of the situation and following the Ministerial Forum in February this year in Canberra, had established a Joint Ministerial Team to work on bringing the Australian visa processing facility back on shore to PNG. Prime Minister Marape in his response said that all processes from both sides had to be attended to in order for smooth facilitation and for citizens and businesses to continue without much hindrance now and heading into 2050 when PNG celebrates 50 years of nationhood. On Papua New Guinea’s NRL Bid, Prime Minister Marape explained that PNG was still very keen as rugby league was a major unifying factor, bringing our 800 tribes together as one people. In closing Prime Minister Marape assured Deputy Prime Minister Marles that PNG in no way would compromise its excellent existing bilateral relations with Australia and further stressed that PNG was capable of managing its sovereign affairs on its terms, systems and processes.
PNG Business News - June 05, 2023
ADB Helps Launch Vocational Education Project in PNG
The Asian Development Bank (ADB) and the governments of Australia and Papua New Guinea (PNG) today launched a cofinanced project to improve the country’s technical and vocational education and training (TVET) program. PNG's Deputy Prime Minister John Rosso delivered a keynote address at the launch event at Port Moresby Technical College. PNG’s Minister of Higher Education, Research, Science and Technology, and Sports Don Polye, ADB Country Director for Papua New Guinea David Hill, and Australian High Commission Minister Counsellor Paul Lehmann all spoke at the event. The Improved Technical and Vocational Education and Training for Employment Project financed by ADB and the governments of Australia and PNG will strengthen the country’s TVET program and help prepare students to be more competitive and responsive to employment and industry demands. “We hope this project will become a model for all vocational education and skills training in TVET colleges in the country,” said Mr. Rosso. “The beneficiaries of this project—young, skilled workers, including women and men—represent PNG’s future, and through this project, the future of vocational education in PNG looks bright.” This project aims to boost the numbers of skilled workers in the construction and agriculture sectors where demand is high. “We will work with our partners to help advance reforms in the vocational education and skills training space in PNG,” said Mr.Hill. “These sought-after skills in priority sectors will help grow PNG’s economy.” The TVET sector of PNG’s education system comprises public, religious, or private institutions, including technical and business colleges offering postsecondary courses and vocational training. “The Australian government is pleased to be supporting the Government of Papua New Guinea to achieve its reform goals in technical and vocational education and training to increase the number and quality of skilled workers,” said Australian High Commission Minister Counsellor Paul Lehmann. “My vision for the TVET for Employment Project is that it will perform as an innovation and technology business incubator across PNG,” said Mr. Polye. “The project is the embodiment of a new approach—building a culture of quality education and innovation in a renewed and revitalized TVET sector.” The Improved Technical and Vocational Education and Training for Employment Project is funded through a $50 million concessional loan from ADB and a $10.6 million grant from Australia. The Government of PNG is also contributing $5.7 million. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
PNG Business News - June 05, 2023
PNG Forges an Innovation-fueled Partnership with South Korea in Digital Transformation
Papua New Guinea was amongst seven other Pacific Island countries to sign a partnership statement of intent with the Republic of Korea to further cooperation and partnership in digital transformation. Information and Communications Technology Minister Timothy Masiu, who also was appointed co- chair of the just concluded Korea -Pacific Islands Digital Ministerial Conference in Seoul, South Korea, signed the statement together with the meeting chairman Korean Minister for Science and ICT Dr Lee Jong-Ho. The others who signed the partnership intent are Tonga, Nauru, Samoa, Palau, Cook Islands and Kiribati. Australia and the World Bank also attended the meeting as supporting partners. The Statement of Intent states; The partnership recognize digitalization has transformed not only daily lives but also shapes innovation in all sectors including politics, economy, society, culture and environment. Recognize and note that digital technology offers great potential to address various social economic challenges that come with rapid transformation of society. Agree on continued partnership in digital transformation inclusive of sustainable development will be the key to future prosperity of the people of Korea and the pacific. Agree on sharing digital vision of policies will pave way for strong partnership to digital co-prosperity. Mr Masiu expressed deep satisfaction that Korea , the global leading innovation country, has agreed to partner with Pacific countries including Papua New Guinea in digital transformation that will greatly enhance communication in a vast area like the Pacific and more so, strengthen supporting technology to better access to health, education and business. He told the conference that Papua New Guinea has begun the digital transformation with Parliament passing the Digital Government Act 2022 and relevant policies, and welcomed the partnership with the Republic of Korea, which he says, will go a long way in progressing the digital transformation agenda for PNG and the region. Mr Masiu had bilateral meeting with his South Korean counterpart, further seeking a stronger country to country relations in digital transformation and support to the National Broadcasting Corporation proposing a partnership between the NBC and the Korean Broadcasting Services. The Minister has formally invited the Korean Minister for Science and ICT to visit Papua New Guinea for the Pacific ICT meeting in August 2023 or to accompany the South Korean President who has been invited by Prime Minister James Marape to visit PNG. Mr Marape was in Seoul also this week for the Korea- Pacific Islands Forum Leaders meeting. Minister Dr Lee Jong-Ho acknowledges the leadership of Papua New Guinea in digital transformation and reaffirmed its support to PNG and the other Pacific Island countries.