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PNG Business News - May 26, 2021

Trafigura Receives Approval From ICCC

Trafigura Group Ltd has received approval from the Independent Consumer and Competition Commission (ICCC) for its planned acquisition of an additional interest in Puma Energy Group Ltd. Puma is now controlled by Trafigura, which owns the majority of the company, and will have a majority stake in Puma after the takeover. While Trafigura and Puma were both private entities registered in Singapore, the parties applied to the ICCC for approval, according to ICCC commissioner and chief executive officer Paulus Ain. This was due to Puma's three wholly-owned subsidiaries in Papua New Guinea, Puma Energy Bunkering PNG Ltd, Puma Energy PNG Ltd, and Puma Energy PNG Refining Ltd. Oil refining or refinery at Napa Napa, wholesale and retail distribution of refined petroleum goods, liquefied petroleum gas, and bitumen production are also part of the activities in PNG. Trafigura also provides significant inputs to Puma's refining and wholesale businesses, both abroad and in PNG, under a long-term supply agreement. “The proposed acquisition will only result in the change of ownership and controlling interest within Puma,” Ain said. “Hence, this would not have any serious competition effects on the overall structure of the markets in PNG, if any. Based on available information the ICCC wishes to inform all concerned parties that the ICCC is satisfied that the proposed acquisition of further interests in Puma by Trafigura will not have, and will not be likely to have, the effect of substantially lessening competition in any market(s) in PNG. The ICCC, therefore, has granted clearance to Trafigura to proceed with its proposal to acquire a further interest in Puma.”   Reference: The National. 24 May 2021. “Trafigura Group given clearance”.

Business

PNG Business News - May 26, 2021

Tom: NFA and Fisheries Department Working on Two Ventures

Photo credit: Loop PNG (2020) Fisheries and Marine Resources Minister Dr Lino Tom says the National Fisheries Authority (NFA) and the Fisheries and Marine Resources Department are working on two main fishery ventures in Morobe and Madang. “The Voco Point facility will cost about K100 million,” he revealed. “Funding for the project is ready. We are just waiting for the final business plan to be completed and other necessary requirements before the project go on tender in August. “Tender for the Wagang fisheries wharf feasibility studies will be awarded soon while the Pacific Maritime Industrial Zone (PMIZ) project in Madang has been given a ministerial economic committee approval and should start any time after the Treasury approved the loan.” Tom, who recently visited Lae, Morobe, said that the Voco Point project will serve as a fishery centre for local fish farmers. “Fishery products in the province will be brought to this facility and, from here, it will facilitate the trade,” he explained. The NFA and department intend to develop Voco Point as the first such project in the region, with similar projects planned in other maritime provinces. “The building of such facilities will give much-needed chances for local fish farmers (both in-land and coastal) to market their fishery products and generate income,” he added. NFA managing director John Kasu also said that jetties will be constructed in the immediate future in Huon Gulf, Finschhafen, and Tewae-Siassi to assist local fish farmers.   Reference:  The National (24 May 2021). “Multi-million kina fishery projects set for Morobe, Madang”.

Business

PNG Business News - May 26, 2021

Toroama: Bougainville Must Achieve Independence In The Next Four Years

President of the Autonomous Bougainville Government, Ishmael Toroama, stated that Bougainville must achieve independence over the next four years, with members of the independent state's parliament being elected by June 2025. This comment was made by President Toroama as he explained the ABG's official stance as Bougainville starts the first post-referendum consultations with the international community. President Ishmael Toroama and Prime Minister James Marape recently met with their respective consultation teams to discuss Bougainville's political future. Following the overwhelming result of the Referendum in 2019, in which 97.7% of Bougainvilleans voted in favour of separation from PNG, the two governments are meeting to negotiate on the results, as mandated by the Bougainville Peace Agreement and Part XIV of the National Constitution. The systematic consultation process started just 5 months ago, on January 11, when both governments signed the Joint Communique on the Bougainville Referendum Outcome. “When both governments signed the Bougainville Peace Agreement in August 2001, we committed ourselves to a “deferred 15-year referendum” period.” President Toroama said. “This was to allow time to our people, on both sides, to heal the wounds of the conflict, and ponder over what we need to find as a final solution for Bougainville and Papua New Guinea,” President Toroama added. “For those who fought for independence we wanted independence at that time of our negotiations over the Bougainville Peace Agreement; but in all fairness to our people, we were prepared to wait 15 years, to allow our them to have their say, through a free and fair referendum vote, at some later stage,” he said. President Toroama stated that both governments have worked together in good faith for the past 20 years to enact the BPA with the expectation that a referendum will be held. In understanding the referendum results, President Toroama stated that Bougainvilleans have clearly opposed greater autonomy, having already existed, observed, served, and witnessed the slow development of autonomy under the existing Bougainville Peace Agreement arrangements for the past 16 years. He stated that autonomy, under current or future arrangements short of independence, is not a choice for Bougainville's solution. “All we have done in the last 20 years, whether in the weapons disposal or autonomy space, were intended to bring us closer to this day, when we should consult over the outcome of the referendum, and reach an agreement on the future of Bougainville,” President Toroama said. “Our position on the future political status of Bougainville is clear and that is independence,” President Toroama said. References: Autonomous Bougainville Government Website (18 May 2021). “Toroama Outlines ABG Position.” Autonomous Bougainville Government Website (18 May 2021). “PM Marape at Joint Consultations.” RNZ (19 May 2021). “Bougainville's president seeks independence by 2025”.

Business

PNG Business News - May 26, 2021

NEC Approves Fisheries Strategic Plan 2021-2030

The PNG Fisheries Strategic Plan 2021-2030 was recently approved by the National Executive Council for the next ten years. It lays out the Strategic Road Map and Vision for an internationally dynamic, equitable, and sustainable broad-based fisheries market and industry. PNG Fisheries Strategic Plan 2021-2030, according to Prime Minister Hon. James Marape, MP, has implemented and matched its sustainability and growth plans to the Government's policy guidelines, Vision 2050, PNG Development Strategic Plan 2010-2030, and the Medium Term Development Plan (MTDP). “The Plan is intent on taking PNG’s fisheries  sector forward  by  improving  the  status quo to a state where it will resonate with the Government’s high-level strategic agenda to  ‘Take Back PNG’ and to specifically respond to our shared vision to realize equitable benefits for our people. “The evolution of such policy directions over the last 12 months has culminated to two high-level  strategic  pieces of  work  at  hand. These  are  the  project  on  creating  a Fisheries  Commercial  Entity  to  be  responsible  for  the  Government’s commercial interests as  approved  by  Cabinet  and  the  National  Fisheries  Board  decision  to formulate a 10-year Fisheries Strategic Plan,” said Prime Minister Marape. He said that transitioning the fisheries sector from an artisanal and informal to a commercial state, one that provides formal jobs and cash income earning opportunities for people, has been extremely difficult. This is because fish and aquatic resources, which live in oceans that stretch through international waters, are affected by natural phenomena such as tides, which affect their migratory behaviour. This is especially true of the tuna stock, which cannot be domesticated in Papua New Guinean waters. The NEC, according to Prime Minister Marape, has also acknowledged that supply dynamics in the tuna stock have necessitated regional countries entering into governance regimes that require all of them to handle moving stock across their borders independently. “Commercialization and strategy together with sustainable management of the fishery resources going  forward  will  be  necessities and  requirements  to  take  into consideration  under  such  regional interdependent  considerations,”  Prime  Minister Marape said. As a result, the strategic plan is PNG's response to these regional and national growth concerns. For this Government and their people, putting in place the fundamental structural building blocks, with a strong balance of policy prescriptions and encouraging political measures, is a must in the domestic economy of the country. As a solution to the emerging threats, the National Fisheries Board and the National Fisheries Authority have been working on developing a conceptual road map over the last few months. “Therefore, the 10-year Fisheries Strategic Plan is aimed at guiding the Government’s development intentions for the sector to invest smartly to awaken and consolidate the latent commercial and socially inclusive potential of the fisheries sector, whilst at the same time, position the State’s body, the National Fisheries Authority to purposefully perform its mandated functions in overseeing the governance and management of the development of the sector going forward,” said Prime Minister Marape. The strategic plan was developed through a consultative process with provinces and stakeholders, who examined the industry's success over the previous two decades and established the major roadblocks to development. It suggests a growth path map take advantage of the prospects. It also recommends a set of strategic supporting measures aimed at repositioning the industry to not only adapt to the Government's vision, but also to consolidate the industry's diverse operating infrastructure in order to grow the sector into a large, broad-based, diversified, and value-adding industry that is globally competitive and domestically inclusive. Reference: Papua New Guinea Press Release (18 February 2021). “NEC Endorses National Strategic Plan 2021-2030”. 

Business

PNG Business News - May 26, 2021

Water PNG to Build K419 Million Water Supply Plant

Water PNG will build a new K419 million water supply plant to meet Port Moresby's growing water demand and stability. Bunu, a planned 50Mld (millions of litres per day) water supply project in Central, is located 23 kilometres northwest of Port Moresby. According to a statement from Water PNG, the extension will be enough to satisfy the city's needs until 2034. The site was recently visited by State Enterprises Minister William Duma, Treasurer Ian Ling Stuckey, and Water PNG authorities. Bunu has been described as a potential alternative water supply to the existing Sirinumu Dam, which is located on the Sogeri plateau. PNG Dams, a subsidiary of Kumul Consolidated Holdings Ltd, owns the Sirinumu dam (KCHL). The raw water flows in a cascading pattern to PNG Power's Rouna Hydroelectric scheme before being treated and distributed to the city by Water PNG's raw water mains. Bunu's growth is political. For starters, as a result of PNG Power's repair programs and related matters, city residents will no longer face water shortages and problems such as water rationing and partial shutdowns. The location is also near the confluence of the Laloki and Brown rivers, where water is plentiful even during droughts. Water PNG is mobilizing capital before going on to the deployment process, following approval from KCH earlier. China Jiangsu International, the project's contractor, will mobilize staff, conduct a project assessment, conduct geotechnical investigations, prepare a preliminary detailed plan, and procure project materials.

Business

PNG Business News - May 21, 2021

ROGER KEWA AVINAGA: 5 May 1970 - 16 May 2021

Roger Kewa Avinaga died Sunday 16th May 2021 just ten days after the passing away of his beloved wife - Priscilla Nase Avinaga. By any measure, this was a very sad and tragic occurrence for the Avinaga family, but we hope that Roger and Priscilla will rest in peace together. Roger was born at Keakasa Village, Okapa in the Eastern Highlands Province, a mountainous area within the Highlands of Papua New Guinea north of the Gulf Province. After completion of his secondary education, Roger graduated with honours in International Relations from the University of Papua New Guinea, and subsequently completed a Master’s (LLM) in Petroleum Finance and Taxation at the University of Dundee, Scotland,  United Kingdom in 2003. Roger was a colleague and one of whom I was proud.  I first met him in 1998 when he joined the newly-formed Dept. of Petroleum and Energy, when petroleum functions were split from mining.  He was a young Petroleum Economics Analyst in the Petroleum Division, the core of the new Department. I had just stepped down from being the Director of the Division and had started work as an Adviser to my successor-Director funded by the World Bank. Roger worked in what we loosely called the policy area where the overall deal between the petroleum industry and government is formulated, and if managed well, constantly modified to optimise the outcomes for the Nation.  He ably took to his duties as I later reflect - always with a cheer.  It was with that very same cheer that I last saw him in the Waterfront supermarket in Port Moresby several weeks ago. We had a long discussion on the petroleum policies for PNG with me grumbling about the current volatility and uncertainty of petroleum policy after decades of sound stability.  As if often the case, our discussions become all the more intense, when I threw the matter of domestic utilisation of oil and gas into the dialogue, saying that we should be more proactive in encouraging the domestic use of our oil and gas in PNG for our development needs than always exporting it to other Nations. Roger patiently listened to my points as only a professional colleague could and would, and smiled: he shared with me, a passion to get the very best out of the petroleum industry of PNG and for Government to manage and regulated the companies firmly and fairly, and with competence. In recent times, he had like me worked for the World Bank as a consultant from time to time in their Port Moresby office engaged in the economic analysis of petroleum policy options. More lately, he had gathered some fame for writing voluminous and excellently-researched articles on petroleum issues and policy for the online and print magazine - PNG Business News. After all it, was Roger who had diligently compiled the Petroleum Policy Handbook of the Government in 2005; he was the reference point and one of very few technocrats who really understood the swath, array and complex interaction of the economic and fiscal terms of petroleum exploration, development and production well.  The distinguishing feature of Roger was his ability to write and write well, and that comes only with practice as one writes more and more.  He had a distinguished record of writing many speeches whilst in the Dept of Petroleum and Energy and travelled widely to deliver some of his own speeches in the days when PNG was seeking investment in the first large-scale development of natural gas. He was part of the campaign and advertisement to the world in the early 2000s that PNG as open for business and with more than ten-years of uninterrupted oil production that PNG was ready to receive investment in the development of it substantial gas reserves.  Alas, Roger will be hard to replace; his knowledge of the PNG petroleum industry and its policy framework was intimate with over twenty-years of deep involvement in its formulation and workings. I admired how he was not afraid to take up to ten-pages in PNG Business News to get his message across, not that he was verbose or rambling, but that he truly desired his lay-readers to have a proper understanding of the workings of the petroleum industry for which he applied great patience to explain every nuance of the business. Our most sincere condolences go to his family, and I am sure that he and his wife will be most sorely missed. For the Nation, we have lost one of our most competent petroleum professionals who had so much more to do in his new role as a feature writer for PNG Business News on petroleum business, policy and economics. May He Rest In Peace Prepared by Michael McWalter, OL, CS, former Director and Adviser, Petroleum Division, Dept of Petroleum and Energy

Business

PNG Business News - May 18, 2021

Construction of Mendi Airport at 60%

The redevelopment of the Mendi airport is underway, according to the National Airports Corporation Limited, and is 60 per cent complete. The project is part of the Civil Aviation Development Investment Program, or CADIP, which funds a range of impact aviation programs. Following a media story, the National Airports Corporation clarified the status of the airport's growth. According to the study, work is still going on, with 60 per cent of the physical improvements made so far. The Aviation State Agency has stated that there are no landowner disputes and that the airport redevelopment is taking place within the designated aerodrome district. Sinohydro Corporation Limited, the construction company, is currently addressing non-conformance problems with the consistency of materials used previously on the runway pavement. Installation of a security fence, construction of an H65 standard house for the NAC Airport Safety Officer, construction of a tractor shed, and construction of the ASO's office are among the other projects that have been completed to date. The new terminal building is now under renovation, with paving work scheduled to be finished in September. The upgrade project at Mendi Airport is worth K27.7 million.

Business

PNG Business News - May 18, 2021

PNGEITI Congratulates Richard Kassman as New Industry Chamber President

Richard Kassman was recently named President of the Papua New Guinea Chamber of Mines and Petroleum, and the PNG Extractive Industry Transparency Initiative (PNGEITI) congratulated him. He recently took over for Gerea Aopi, who had served in the role admirably. Richard Kassman is the Director of Corporate Affairs, Total E&P PNG Limited, and was vice president of the Chamber at the time of his appointment. He is an active member of the PNGEITI Multi-Stakeholder Group (MSG) and was vice president of the Chamber at the time of his appointment. Kassman is a member of the PNGEITI MSG, which oversees the Global Extractive Industries Transparency Initiative (EITI) implementation in Papua New Guinea. “As we all know Kassman is a dedicated professional with active engagement in both the Government and private sector in Papua New Guinea with deep commitment within those various roles he plays,” PNGEITI Head of National Secretariat Lucas Alkan said.  “His insights and contributions to the advancement of EITI reporting in this country have resonated with great value and the PNGEITI MSG is privileged to have him on board.   “At this juncture, we acknowledge his invaluable commitment and contribution over the years since PNG commenced implementing the EITI 7 years ago. Now as elected President of the PNG Chamber of Mines and Petroleum, we look forward to a heightened working relation with regards to the role that the industry plays as the key stakeholder in implementing and maintaining PNG’s position as an EITI affiliated member country.” Kassman's expertise, according to Alkan, will significantly enhance the work of the PNG Chamber of Mines and Petroleum in representing the EITI in PNG, as well as giving the cause more visibility by building on the momentum of the campaign, which has generated many financial year reports from the extractive sector.

Business

PNG Business News - May 18, 2021

Roger Kewa Avinaga, 51

ROGER KEWA AVINAGA, who supplied many valuable insights on Papua New Guinea’s resources industry as the main columnist for PNG Business News since our first issue, passed away 15 May 2021 at Port Moresby General Hospital. He had just turned 51. Born 5 May 1970 in Keakasa Village, Okapa in the Eastern Highlands, Roger was still in mourning for his wife Priscilla Nase Avinaga, who had passed away just 10 days prior. His family said Roger was ill for a short while before his passing. The haus krai program for Priscilla was still in progress when the Avinaga family lost Roger. They have now organized a combined haus krai at Rogen Wato Avinaga’s residence at Kevaru Place, Angau Drive in Boroko. The program will officially start at 1 p.m. on 19 May 2021, as the family urged everyone to observe COVID-19 protocols. Roger was an accomplished corporate and government executive and board director, having worked in the oil, gas, mining and energy sectors for over 20 years.  He worked for The World Bank Group as a Resource Economist/Modeller, developing his in-depth knowledge, understanding, and experience of business/commercial environment, financing, project procurement and management, economic/financial modelling, fiscal and regulatory regimes. He acquired these skills through dealing with oil/mining companies, investors, banks/lenders, multilateral institutions, governments and key stakeholders, in exploring new business opportunities, creating partnerships, joint ventures, farm-out, project approval process and initiation of major resource projects. Roger was highly skilled in developing investment strategies, business plans and strategies, financing proposals, economic/financial modelling and assessment of projects, negotiating project agreements/contracts, managing risks, and writing government policies. He had demonstrable understanding of different segments of the industries from the upstream exploration and development, midstream, and downstream sector. Roger began his career with the PNG Department of Petroleum and Energy as Senior Petroleum Economist, where he worked his way to become Assistant Director-Petroleum Policy and Acting Director Petroleum Division. After serving 12 years, he left to join state-owned company Petromin PNG Holdings in 2008 as Manager for Commercial and Strategic Planning, where he was responsible for establishing the commercial and business development division. At Petromin, Roger also held several key positions, including Head of Commercial, New Ventures and Business Development. Roger earned his Masters of Law (LLM) in Petroleum Finance and Taxation from the University of Dundee in the United Kingdom in 2003. He graduated Bachelor of Honours (International Relations), Second Class, Upper Level at the University of PNG in 1996, and finished his Bachelor of Arts at University of PNG in 1993. PNG Business News deeply mourns Roger’s passing. We extend our condolences to his bereaved family and request our readers to pray for strength and comfort for the Avinagas during this time. For more information, please call Frexie Maneh at 74540145 or Kevu Sevendi at 74888384.

Business

PNG Business News - May 18, 2021

Construction of New Terminal Building for Momote Airport Well Underway

The new terminal building for Manus' Momote Airport is well underway and starting to take shape. This project should be finished by November of this year. The Momote Airport upgrade is part of a series of high-impact projects financed by the Asian Development Bank's multi-tranche Financing Facility (MFF) loan and the Government of PNG's counterpart funding totalling K99.6 million under Tranche 3. The Civil Aviation Development Investment Programme (CADIP) is handled by the National Airports Corporation's project implementation team. Allen Guo Investment Limited (AGI), a subcontractor, designed this architectural masterpiece in collaboration with China Harbour Engineering Corporation, the lead project contractor, and the NAC project team. This new facility will have a VIP lounge, a large departure lounge with 139 seats, passenger check-in counters, an arrival lounge with luggage conveyor belts, baggage screening machines, close circuit camera TV (CCTVs), a kiosk, restrooms, and other amenities. Should direct flights from abroad become available in the near future, it will also provide on-arrival VISA and Immigration counters to process foreign passengers. The airport's improved aircraft runway pavement, which was reinforced and covered with an asphalt surfacing finish, complements the current terminal building. In April 2021, the runway length was expanded from 1810 meters to a total of 2010 meters to accommodate B737 800 or equivalent capacity aircraft. The construction of a new airport market building, which is approaching completion, as well as the installation of a water source and an airfield lighting system, are also part of the Momote Airport's modernization programs.

Business

PNG Business News - May 18, 2021

Scovell: Finance and High Taxes are Pressing Problems for Downstream Processing

Finance and high taxes, according to PNG Manufacturers Council chief executive officer Chey Scovell, are two of the most pressing problems in the downstream production of PNG goods. According to Scovell, downstream processing is a capital-intensive industry that requires a large sum of money. He also suggested that the government consider lowering corporate and goods and services taxes. Scovell said that good road connectivity should be a government priority, as this would allow goods to be shipped quickly and efficiently. He said that the new government freight subsidy was unsustainable and that it was incentivizing people to rob from coffee and cocoa plantations in order to take advantage of the subsidy to export and sell their produce. Prime Minister James Marape, who paid a visit to Paradise Foods Ltd's Queen Emma chocolate factory, urged businesses to expand into downstream manufacturing to support the economy and domestic industry. According to Marape, the firm also imports corn for some of its goods, which he claims could be supplied locally. “This factory needs (local) corn,” he said. “I just came out of a processing line that is importing corn. We can grow corn in PNG.” Marape was ecstatic to see the company innovate, create opportunities, and concentrate production locally. He said that the Queen Emma chocolate production demonstrated the country's ability to transition from selling raw materials to producing value-added goods. “We want to go downstream to certify our local market, as well as export to economies around us,” he said. “I am happy to see an industry that has been in existence outside of political motivation and incentives. They have been at work since 1945. I am totally overwhelmed. And if there is any way that the Government can assist with fiscal support in these tough times.”

Business

PNG Business News - May 18, 2021

Gaming Industry Reopens

The gaming industry in Papua New Guinea has resumed regular operations, in full accordance with COVID-19. The decision was made following discussions with the National Gaming Control Board and the National Control Centre. Both Gaming Machine sites have reopened, and bookmaker sites will reopen next week. Imelda Agon, the NGCB's Acting CEO, praised the move while reiterating the industry's readiness to follow COVID-19's tight guidelines. “We are grateful to the NCC for relaxing the restrictions on the gaming industry. The reopening of the industry will see hundreds of ordinary Papua New Guineans going back to work and the return of normal business”, said Agon. She went on to say that the COVID-19 pandemic had harmed the gaming industry.

Business

PNG Business News - May 13, 2021

National Airport Corporation to Focus on Redevelopment Projects

The National Airports Corporation plans to devote more resources to the redevelopment projects at Kavieng, Tari, and Mendi airports as part of the Civil Aviation Growth Investment Program. With the exception of three airports, all airports under the CADIP program are on a budget, according to NAC acting managing director Rex Kiponge. Apart from Jackson Airport in Port Moresby, Kiponge claims that the majority of the country's airports are unable to handle the newly launched F100 aircraft. “The introduction of F100 aircraft has deteriorated the condition of runways in PNG. Under CADIP, fencing and runway length deficiencies will now meet the F100 and ICAO requirements. CADIP was implemented to meet the minimum PNG Civil Aviation Rules (CARS) and the International Civil Aviation Organisation (ICAO) standards and recommended practices in all the 22 airports in the country. “The F100 aircraft require a minimum runway length of 1900 metres –– only three airports meet this requirement.” The F100 will be able to land at 12 airports thanks to a CADIP runway length upgrade. Port Moresby is now the only province that meets the operating criteria for F100 planes. Standby control, security fencing, apron parking, runway, taxiway, and apron strength, and a runway length suitable for takeoff at maximum payload are all part of the 22 airport upgrades. Kiponge recently visited the three airports and expressed his satisfaction with the development. Contractors have already finished construction on the security fence at Kavieng Airport, and work on the runway extension is going well. Once the runway extension is complete, the contractors can begin work on the terminal. He mentioned that the runway extension at Tari Airport is complete, and contractors are currently working on the apron, which will be finished until the runway extension is completed. Owing to the contractors' inability to obtain materials for the runway at Mendi Airport, NAC has requested that they redo the runway before moving on to the other areas. “Despite whatever issues within NAC, I will ensure that all 22 NAC’s airports undergoing upgrading will be completed and I will put in a lot of efforts and focus to makes certain work is done well and completed,” Kiponge said.

Business

PNG Business News - May 13, 2021

Govt to Focus on Downstream Processing

The government is putting a lot of effort into encouraging downstream production in the region. This was said by Prime Minister James Marape during a visit to Paradise Foods Company Limited. “We are focused on downstream processing as far as going forward is concerned –– instead of exporting raw products,” said Marape. “We want to go downstream to satisfy our local markets as well as export to economies around us.” PNG is fortunate, according to Marape, to have access to 60% of the world's gross domestic product (GDP) through the APEC network. “As well as, not just the APEC network, but in the vicinity of PNG’s accessibility to markets, we have over 4 billion people from the Pacific, Northern Asia, Western Asia and Northeast Asia put together. “So to satisfy our local markets in PNG for our 8 million-plus people, as well as the opportunity of exporting to markets closest to us like our neighbouring countries.” Marape has stated that he supports downstream production and marketing of PNG's natural resources both locally and internationally. “Today, I am privileged to visit an industry that has been at work since 1945, and I’d like to thank Paradise Foods Company Limited for doing a wonderful job and feeding our country.” Marape promised that the government will help the industry and market.

Business

PNG Business News - May 13, 2021

Papua New Guinea put on World Map by Port Moresby Nature Park

With its foreign awards and recognitions, the Port Moresby Nature Park continues to place the country on the map. The Zoo and Aquarium Association of Australasia's (ZAA) biannual Gala Awards event has Nature Park as a finalist in three different award categories. The Zoo and Aquarium Association Awards are a recognition and appreciation of exceptional achievement accomplished as a result of our member zoos and aquariums' commitment and important efforts, as well as their positive effect on conservation and animal welfare. The park is a finalist in exhibit design for small scale development for its Reptile Haus, the first of its kind in PNG, as well as exhibit design for large scale development for ‘Plumes of Paradise,' the park's eight aviary bird of paradise precinct complete with educational area, and finalist in the community engagement award for Snaketastic. Michelle McGeorge, the chief executive officer of the Port Moresby Nature Park, expressed her pride in the team and park on the announcement, saying that this experience is akin to the zoo Oscars, and that being recognized alongside some of Australia and New Zealand's largest zoos is a true homage to the Nature Park's impact and professionalism. “This is not the first time that the Nature Park has been nominated in the biannual ZAA awards, with the park actually winning two awards. In 2016, Nature Park won the innovation award for its efforts in establishing what is believed to be one of the first globally established sister zoo partnerships between a developing and developed country zoo with the park partnering with Zoos Victoria. “We’re excited to share the above announcement with the rest of PNG, that we’re up against some of the biggest zoos in Australia and New Zealand in the Zoo and Aquariums Association (ZAA) Awards this year,” she said. “Such is great news for Port Moresby Nature Park and Papua New Guinea as a whole for earning international recognition through environment conservation.” The park will engage in three separate formal online presentations before a strict selection panel in the next step of the award judging process, and the winners of each division will be chosen and revealed at a formal award dinner ceremony at Taronga Zoo in Sydney in early August. The park's mission is to encourage others to protect PNG's special biodiversity.

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