According to acting chief executive Rodney Begley, PNG Ports Corporation Ltd. is spending K1.5 billion on port infrastructure around the nation. Lae's major dock and tidal basin will get K470 million in investments to become an international freight centre. Begley said that Lae was of interest to the port authorities because 9.9 million tonnes of fr...

EU-STREIT PNG collaborates with National Fisheries Authority (NFA) to support sustainable development of the fisheries value chain in rural Papua New Guinea. The Food and Agriculture Organization of the United Nations FAO), under the EU-STREIT PNG Programme is partnering with the National Fisheries Authority (NFA) to assist in the sustainable developme...

PNGX, Papua New Guinea’s national stock exchange, has released proposed new Listing Rules for consultation. A key step towards the development of a more effective secondary market in equity securities is the modernisation of the PNGX Listing Rules. PNGX’s Listing Rules govern the quotation of securities, their admission to the official list and henc...

Photo credit: Department of Prime Minister & National Executive Council After a decade, the PNG/lndonesia SOM was convened in the Indonesian harbour city of Jayapura from 11th-12th October 2022.  The PNG side was led by Mr Frank M. Aisi, Deputy Secretary Policy 1 responsible for Economic and Infrastructure Sectors and International Relations of ...

Photo credit: ABG The 2022 Bougainville Trade and Investment Conference ended on a high note following intensive discussions over the last two days at the Sharp Memorial Youth Center in Arawa. Over the course of the two days, experience-sharing and presentations were delivered by trade and economic experts on how Bougainville can narrow its fiscal g...

Prime Minister Hon. James Marape has welcomed the news by Steamships Trading Company to diversify further through a partnership with his government in the downstream sector. He made this known after meeting the company's Managing-Director Rupert Bray and General Manager Corporate Affairs Vele Rupa in Port Moresby this week. The Port Moresby meeting ...

Photo credit: SME Corporation Facebook Page A Corporate Audit Team had been recently launched and put in place by The Small and Medium Enterprise Corporation (SMEC) in Port Moresby. SMEC’s Director for Corporate Affairs, Rodney Sumale said the audit committee has been created purposely to help the Office of Internal Audits & Compliance in ensuring ...

Photo: John Rosso ​​​​​​. Credit: EMTV  In response to a question asked by a reporter regarding the Government’s stance on the lock down of prime government buildings, Deputy Prime Minister and Minister for Lands and Physical Planning Hon. John Rosso stressed that the issue of unpaid rentals that the Government is currently facing were aggregated amoun...

According to Australia's consul general Mark Fox, the country is contributing more than K1 billion to the development of Morobe's port and road infrastructure. According to Fox, investment in the industries was essential to propel the economy because of the province's contribution to PNG's economic growth. Australia is dedicated to providing high-qu...

Photo: Markham Valley, Morobe. Credit: PNG Facts According to Australian consul-general Mark Fox, the Australia-Papua New Guinea collaboration would concentrate on developing PNG's non-resource sector through a variety of initiatives. “While we know that growth in the resources sector in 2022 is expected to be strong at 2.6 per cent, the non-resourc...

Photo: James Marape Prime Minister Hon. James Marape recently (October 11, 2022) welcomed the latest World Bank report on Papua New Guinea. The latest World Bank Economic Update released last month says the economy in PNG is forecast to expand by 4 per cent in 2022, up from 1 per cent in the previous year. This return to growth following a sharp ...

As part of showcasing business opportunities in Papua New Guinea and what local business has to offer , two local woman entrepreneurs were given the opportunity to present their Small to Medium Enterprise and they included "Apo Meri" and "Devine Management Services" at the European- PNG Business, Trade, and Investment Conference from the 11-12 of October....

Photo: Mr. Chey Scovel from the Manufacturers Council of PNG speaking in front of the others panelists. Panelists at the Third European-PNG Business, Trade and Investment Conference on the 10th of October, 2022 at Apec Haus Port Moresby, speaking on the topic of "Navigating the business environment - the impact of the regulatory framework for business,...

Photo: Children at Baruni Dump, Port Moresby Key priority areas to be overviewed by Education Department Papua New Guinea’s Education system has suffered from a number of policy shifts, drastic changes in curriculum and under resourcing over the years. The free education policy has succeeded in increasing the number of students attending schools, ho...

The Papua New Guinea Trade Union Congress (PNGTUC) and its affiliated women members have made a call to the Government to continue to remain intact to protect and promote the same solidarity and consistency shown during the unopposed election of Prime Minister James Marape and Speaker of Parliament Job Pomat when the 11th parliament rose to elect these tw...

Port Moresby based Security Services Company DEXSS Limited has recently launched a new rideshare service incorporating a smartphone application that is set to change the way people move around Papua New Guinea. The app called “DEXSS PNG” assimilates a fleet of vehicle owner drivers who can use their personal vehicles to taxi people around their local a...