Minister for International Trade and Investment, Hon. Richard Maru, today called on all Papua New Guinea (PNG) companies who are listed in other countries to list on PNG National Stock Exchange (PNGX) to boost market credibility and improve investor confidence. “The existing law of Capital Market Act 2015 under Section 116(3) requires an approval from ...
The current Government’s effort to reform the operations of State-Owned Enterprises (SOE) in the extractive sector is to enhance transparency and install good governance. The intention is for the extractive sector SOEs to take a proactive approach to information disclosure and increase transparency. The intention is also for SOEs to disclose to the ...
Prime Minister Hon. James Marape is calling upon the people of Papua New Guinea to unite behind National Capital District Governor Hon. Powes Parkop in his endeavor to elevate Port Moresby to the status of ‘the best city in the Pacific’. Emphasising the importance of mutual respect and community engagement, the Prime Minister addressed the crowd gathered ...
Prime Minister Hon. James Marape expressed his confidence that the Papua New Guinea economy is on the brink of an unprecedented surge, fueled by the advancement of major resource projects within the country. He emphasised that this remarkable economic expansion will inevitably foster the growth of the micro, small, and medium enterprises (MSME) sector. ...
As a follow up from the agreement signed between the Ministry of International Trade and Investment and Kumul Petroleum Holdings Limited earlier this year, the management of the Ihu SEZ have now also signed an MOU with KPHL. Wapu Sonk, Managing Director of Kumul Petroleum Holdings said, “KPHL is happy to collaborate with the Ihu SEZ Development Company...
The Special Parliamentary Committee on Public Service Reform and Service Delivery has recommended the immediate update of the government payroll system to counter abuse and misuse of funds. Governor for Northern Province Garry Juffa said the last update of the government's payroll system was back in 2002, and without continuous updating the system has ...
Photo: Prime Minister and Foreign Affairs Minister Hon. James Marape with Guangdong Governor H.E. Wang Weizhong and National Capital District Governor Hon. Powes Parkop.-PM’s OFFICE MEDIA Prime Minister and Foreign Affairs Minister Hon. James Marape expressed his appreciation for the increasing trade ties between Guangdong, a prominent Chinese province...
Photo: Kostas Constantinou Papua New Guinea (PNG) is mourning the loss of Sir Kostas Constantinou, a renowned entrepreneur and philanthropist, who passed away on June 17 in Brisbane, Australia at the age of 66. The country is deeply saddened by the untimely demise of this extraordinary citizen, who revolutionised the business sector in PNG. Sir Kostas ...
Papua New Guinea’s commercial interest is not being compromised by the Defence Cooperation Agreement (DCA) and it will not affect trade and investment of our country as far as I am concerned,” says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru said this in his statement last week in the parliament during the debatin...
Photo: PM Marape with Chinese President H.E. Xi Jinping meeting in Bangkok, Thailand, last November Prime Minister and Foreign Affairs Minister Hon. James Marape presented a reciprocal visa waiver agreement between China and Papua New Guinea to Parliament on Thursday, June 15, 2023, for ratification. The agreement received unanimous support from Parlia...
Prime Minister and Foreign Affairs Minister, Hon. James Marape, took a significant step on Thursday, June 15, 2023, by presenting the long-awaited reciprocal visa waiver agreement between Indonesia and Papua New Guinea to Parliament for ratification. Originally signed by Indonesia and PNG in 2014, the agreement had remained inactive until now. However,...
Photo: Bank of China Chairman Mr. Ge Haijiao, Chinese Ambassador to PNG H.E. Zeng Fanhua, PM Marape and Bank of China PNG Representative Audrey Zheng. China-Papua New Guinea relations have reached new heights with the opening of a representative office of China's most globalised and integrated bank in PNG on Thursday 1st June, 2023, at the Stanley Hote...
Deeper trade and investment within the Commonwealth Group of Nations can happen through enhancing and driving the Commonwealth Connectivity Agenda, says the Minister for International Trade and Investment, Hon. Richard Maru who attended the Second Commonwealth Trade Ministers Meeting in London, United Kingdom last week. The Trade Ministers who attended th...
There are untapped mutual gains and opportunities in strengthening the bilateral trade and investment relationship with the United Kingdom (UK), says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru said this during his bilateral meeting with his UK counterpart, Hon. Nigel Huddleston at the margins of the recently conc...
Photo: PM Marape at the launching of the National Gold Bullion Policy 2023 last month. With him is Acting Minister for Commerce and Industry Hon. Soroi Eoe Prime Minister Hon. James Marape has affirmed that the pertinent details concerning the proposed gold refinery will be made available to stakeholders and plaintiff Justin Parker of Golden Valley Ent...
Photo: PM Marape in Parliament.- PARLIAMENT MEDIA Prime Minister Hon. James Marape emphasised the vital role of the recently signed Ship Rider Agreement between the United States of America and Papua New Guinea in fortifying the security of PNG’s maritime borders, addressing the country’s limited capacity and resources in this regard. During his add...
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