Photo credit: ANU Despite major setbacks faced by many economies of Island Nations throughout the Pacific due to the global Covid-19 pandemic and the Ukraine-Russian war from 2019 to 2021, a recent study and report released by the Australian National University (ANU) shows that PNG's Gross Domestic Product (GDP) has been progressing well compared to ot...

Prime Minister Hon. James Marape recently stated that Papua New Guinea spends a massive K2 billion-plus on importing food every year, some of which can be easily grown and produced in the country. He said this when announcing that the two major focuses of his government were internal security and growing the economy. “More control of the prevailing law...

Minister for International Trade and Investment Hon. Richard Maru said Australia must refocus and align their priorities to Papua New Guinea’s preferences. He was referring to the Papua New Guinea - Australia Comprehensive Strategic and Economic Partnership, specifically the Pillar 3- Economic Partnership for Prosperity. Minister Maru said this in his ...

Photo: Hon Justin Tkatchenko & Korean ambassador to PNG, KANG Ho-jeung Foreign Affairs Minister, Justin Tkatchenko has announced the proposed plans for South Korean investments which will include the re-establishment of the Korean International Corporation Agency (KOICA) and establishment of the Ocean and Fisheries Corporation Centre (OFCC) in Port...

Photo credit: PM James Marape News Page Prime Minister Hon. James Marape says the Government is investing in key infrastructure development such as the K125.7 million Kavieng Airport Development. He said this on Thursday, November 3, 2022, when opening the project which he launched in June 2020, built through the Asian Development Bank (ADB)-funded ...

Photo credit: Post Courier The American Embassy in Port Moresby has called on the Ministry of International Trade and Investment expressing their strong interest to work with the Ministry to bring in more foreign direct investments from the United States to Papua New Guinea. American Embassy in Port Moresby Charge d'Affaires Joseph Zadrozny stated t...

Papua New Guinea faces competition for technical workforce as the government pushes ahead with projects in the mining, petroleum and gas resource sector in 2023 onwards. Projects like Wafi-Golpu, Papua LNG, Porgera, and P'nyang are some of the ones that are likely to get off the ground, according to Richard Kassman, Senior Vice President of the PNG Cha...

The recent PNG Industrial and Mining Resource Exhibition and Conference that was held in Port Moresby recently for two consecutive days had a positive turnout by exhibitors as well as representatives and attendees from different companies and businesses in the industrial & mining sector when they showcased their various products and services to potent...

The Office of PNG Cooperatives Society were recently presented a cheque of K100,000 by Minister for Commerce and Industry and MP for Sohe in Oro Province Hon. Henry Jons Amuli on behalf of his Sohe District Development Authority to be presented to Oro Kaiva Coffee Growers Cooperatives (OKCGC). During the presentation Hon. Henry Jons Amuli said Building...

Photo credit: United Nations The likelihood that Papua New Guinea won't achieve its 2030 Sustainable Development Goals Agenda is increased by figures indicating a drop in world food production. Bir Mandal, the country representative and head of the office for the Food Agriculture Organization (FAO), noted that in only two years, the number of people...

Photo: James Marape Papua New Guinea will have the financial room it needs to support the country's growth with a K200 billion economy. Prime Minister James Marape said that since his election as Prime Minister in 2019, he had held firm on his view that PNG had the potential to transform the nation into a K200 billion economy. “This requires that...

Photo: US Congressman of Hawaii, Ed Case The American Chamber of Commerce (AmCham) Coral Sea hosted a roundtable discussion with US Congressman Ed Case of Hawaii on Wednesday 19th of October 2022 at its Port Moresby based Office. The AmCham was launched earlier this year to promote sustainable economic growth, foreign investment and greater opportuniti...

Photo credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape has given the green lights to Japanese think tank Japan Development Institute (JDI) to start work on developing a new Special Economic Zone (SEZ) Master Plan for Papua New Guinea. He gave the blessing following a meeting with JDI CEO and Chai...

“The Prime Minister and Hon. James Marape’s opening address at the 11th Parliament session on “Restructuring Governance and Real Development Outcomes” was well received by the market,” said BSP Group General Manager for Corporate Banking, Peter Beswick. According to Beswick, “The message of the Prime Minister was well received. With its key focus on su...

Photo: Tokyo meeting last month Prime Minister Hon. James Marape has welcomed Japanese think tank Japan Development Institute (JDI) into Papua New Guinea to help develop a new Special Economic Zone (SEZ) Master Plan for the country and work with partners like the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and the World ...

Photo credit: Department of Prime Minister & National Executive Council The country’s treasurer, Ian Ling-Stuckey addressed the parliament when it resumed recently that Papua New Guinea’s domestic outlook on the state of the economy looks to be improving but the current global trend on the international economic situation is looking uncertain and s...